As a key part of its regional strategy, MasterCard Worldwide is expanding its regional headquarter activities in Singapore to manage regional business as well as research and development of new payment solutions including emerging payments, chip, contactless, mobile and e-commerce.

The Singapore headquarters will act as a command and control center for intellectual property (IP) management, brand management, and to spearhead and manage growth in the region.

MasterCard will use Singapore’s first class infrastructure and unrivalled quality of life to source and attract talent, including senior level executives from around the world in specific practice areas such as mobile technology, e-commerce and emerging payments.

“We are delighted that MasterCard has chosen Singapore as the strategic location to grow its international business. The establishment of global leadership and innovation teams that will develop MasterCard’s intellectual property, branding and marketing as well as new payments solutions brings together the critical engines of MasterCard’s growth under a single roof, and affirms Singapore’s value proposition as a Global-Asia hub,” said Kelvin Wong, Executive Director of the Singapore Economic Development Board (EDB).

“This expansion will form a key component of MasterCard’s strategy to tap into the potential of the Asia-Pacific, Middle East & Africa region as a key driver of the company’s global growth,” said Bindra.