Mastercard to set up first Indian Innovation Lab in Pune 

ST Correspondent
Wednesday, 11 October 2017

We seek to further accelerate and enhance our ability to launch innovations that help us improve the lives of every day Indians and help them move closer to our vision of a world beyond cash

Pune: Mastercard, on Tuesday, announced the launch of its first Innovation Lab in India in Pune to bring new commerce, payment and technology ideas to life. The announcement reinforces the company's commitment as a true partner in the country’s digital journey. 

Officials stated that Mastercard Labs in India is the company's ninth lab in the world and the second in Asia-Pacific region, following Singapore. In India, it will work with financial institutions, merchant partners and the Fintech community to identify and experiment with future technologies in a few key areas including digital payments, data solutions, financial inclusion, alternative payments and safety and security. 

Speaking on the announcement, Executive Vice President, Mastercard Labs, Ken Moore said, "We seek to further accelerate and enhance our ability to launch innovations that help us improve the lives of every day Indians and help them move closer to our vision of a world beyond cash." 
 

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