Mastercard jointly announced with Governor Andrew Cuomo that it will add to its New York state operations with the expansion of its New York City Technology Hub. The company will relocate its current tech hub operations to a new Flatiron location at 150 Fifth Avenue and nearly triple its work force through the creation of over 470 new jobs by 2024. The Mastercard technology hub, located in the Flatiron district, is home to members of the company's digital product, operations technology, Masterpass, and research & development teams. Banks, merchants, and startups regularly collaborate with Mastercard developers and engineers at the tech hub to test new technologies such as artificial intelligence and biometrics, to deliver the next generation in payment product and services. 

The Manhattan expansion reinforces Mastercard’s commitment to being a future-forward payment technology company, and one more example of growth in its five tech hubs located around the world.