Mastercard begins hunt for AI talent

BENGALURU: Global payments solution company Mastercard is hunting for talent in the field of artificial intelligence (AI) as it sees a steady growth of digital payments in India in the coming year.

The company is looking for experienced professionals as well as beginners to fill new positions at its AI Garage, a newly-created strategic business unit based in Gurugram.

Mastercard is also embarking on an expansion and reskilling programme focused on AI. “At the Garage, we are hiring experienced AI professionals as well as hiring fresh computer science graduates and then training them in this technology,” Sukanyya Misra, senior vice president at Mastercard India Technology Hub, told ET.

The company is also recruiting computer science, electronics, data science and maths graduates from the Indian Institutes of Technology to work as part of the Garage.

Executives at the Garage work closely with senior leadership at Mastercard as well as the ground businesses to prioritise AI solutions that the company should be looking into.

India Technology Hub, the company’s largest technology workforce outside the US, and the Garage are also focusing on helping employees to learn how to solve business and operational challenges using AI and machine learning through a self-learning programme. The India Technology Hub’s 2,200-strong team works with financial institutions, merchants as well as the fintech community to build future technologies in areas including digital payments, data solutions, financial inclusion, alternative payments and cybersecurity.

“As the world makes a big shift towards all things digital, we are looking for talent mainly in AI. We are putting employees through innovation forums, training them bottomup, so that they can build solutions for the company,” Misra said.

Earlier this year, Mastercard said that it will invest an additional $1 billion in its India operations over the next five years, and about $350 million of that would go into setting up a local payments processing centre. This centre, which is expected to be the first such outside the US, would be built to service markets including Southeast Asia and the APAC. This investment will be on top of the $1 billion that Mastercard has already invested in India.

Earlier this year, Mastercard had said that it will invest an additional $1billion in its India operations.


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