Mastercard lab to help India on inclusive digital economy goal

Mastercard has launched its first technology lab in the country (in Pune) to help India move towards digital economy and financial inclusion. This lab will be Mastercard's ninth such establishment in the world and the second in Asia Pacific after Singapore. Earlier this year, Mastercard co-innovated with National Payments Corporation of India (NPCI) and other payments brands to develop Bharat QR. The QR (quick response) code is the world's first interoperable data acceptance solution that streamlines local electronic payments infrastructure.