HYDERABAD: Global card payments major Mastercard which has announced an investment of $1 billion ( ₹7,000 crore) in India in the next five years, Thursday said it expectsthe existing headcount to double from 2,000 to 4,000 during that period in the country. If you had to take the last $1 billion investment (in India) for 2,000 people, we believe it (the fresh $1 billion investment) would easily add another 2,000 (employees)," he added. Mastercard has already stared "on soil processing" in in its Pune facility during October last year. After USA this (India) will be the first time Mastercard is going to setup an on soil processing capabilityoutside USA with end-to-end capability," the official said. Quoting market reports, Rajeev Kumar said the total digital payments market in India is likely to touch $1 trillion by 2023.

Source: Mint May 16, 2019 12:00 UTC