Mastercard to add more than 250 specialist jobs in Singapore as it opens its largest Asia Pacific innovation centre

Mastercard opened its largest Innovation Centre of Excellence in Asia Pacific in Singapore on November 12 and announced plans to add more than 250 specialist roles in the city by the end of 2029, advancing responsible AI, digital commerce and cybersecurity.

The new centre spans more than 7,200 square feet and is Mastercard's first Innovation Centre of Excellence in Asia Pacific, bringing together banks, merchants, technology companies and governments to work on artificial intelligence, cybersecurity, customer experience and rapid prototyping, serving more than 40 markets across the region. More than 55 specialists are already working at the centre. The new roles will cover responsible AI, trusted digital commerce, cybersecurity, data and payments.

Mastercard currently employs more than 850 people in Singapore, home to its Asia Pacific headquarters; the workforce is expected to exceed 1,000 by the end of 2029. Asia Pacific president Richard Wormald said the region is “moving quickly into a more intelligent and interconnected economy”. Singapore Economic Development Board chairman Png Cheong Boon said the centre would deepen Singapore's role as a regional innovation hub.

(File photo: Singapore's Marina Bay central business district. Image: Singapore Economic Development Board.)