India soon will get an investment from the global payments giant Mastercard. The company plans to invest $1 billion or around Rs 7,000 crore in India in the span of 5 years.
The total investment includes the funding of $350 million on a local payments processing centre, in line with the Reserve Bank of India's (RBI) mandate. This would be storing the payments data locally.

The investment for the processing centre would allow the centre to open in another 18 months. This would generate employment for 1,000 people.
The centre is planned to set up in Pune. The centre would look after handling tasks including circuit switching for ATMs, prepaid, Point of Sale, and e-commerce transactions. Also, services such as fraud mitigation, tokenisation and authentication will be expected by this centre.

After the US, in terms of its workforce, Mastercard has made its second-largest location in India.
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(Source: google images)