Global payments services company MasterCard plans to invest $700-800 million in India between now and 2020, a top official has said.
These investments will flow into processing, mobile technology and solutions and data analytics, said Porush Singh, Country Head for MasterCard in India. Some investments will also go towards royalty for technology as a whole and not related to MasterCard, Singh told. The planned investments of about $800 million are double the $400 million that MasterCard had invested in India since 2014. “We are pretty confident of the Indian market, which is why we are looking to make this level of investment (in the next few years). Tomorrow, if there is too much inflation, too much bureaucracy and ease of doing business gets affected, our plans may change. As of now, we are confident and so upfront we are talking about investment plans,” he said.