MasterCard Launches NYC Innovation Lab

MasterCard is in the process of recruiting software engineers to work in a new mobile e-commerce technology lab located in New York City, Finextra reported on December 13.

The initiative is part of MasterCard’s broader expansion plans, which will lead to the creation of 400 jobs during the next five years. Of those, 122 will be located at the new e-commerce tech lab.

While the company’s investment in the innovation lab wasn’t disclosed, Finextra reported that MasterCard intends to spend several million dollars on the venture.

MasterCard recently made another announcement in relation to the mobile channel, when it announced a mobile payments partnership with Commonwealth Bank and Samsung. Learn more about this developing by clicking here.

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