Mastercard Inc. is all set to onboard more than 500 young professionals this year as part of the expansion plans of its data and services unit.
Payment processing giant Mastercard is looking to dive deeper into the cryptocurrency industry. In line with this, the company plans to expand its consulting services with new practices focused on open banking, open data, crypto, and digital currencies, as well as Environment, Social & Governance .
This will include early-stage education, risk assessments, bank-wide crypto and NFT strategy development to digital asset cards, and the design of crypto loyalty programs. Data & Services, which happens to be a talent incubator for the broader company, is looking to add more than 500 college graduates and young professionals as part of the ambitious growth plans.
So far, Mastercard has curated partnerships with crypto-focused firms and has helped the expansion of financial tech companies into new markets. One of the main focuses of the payment company is to help central banks use its testing platform for design exploration as well as deployment of a central bank digital currency .
The platform could enable central banks to analyze various frameworks before deployment and leverage Mastercard’s expertise around payment systems, policy and regulation, and governance.Mastercard has taken several steps towards integrating blockchain and cryptocurrency into its business structure. In 2021, the company announced that it will start supporting select digital assets directly on its network.
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