Earlier this week, the world’s largest credit card underwriter and payment processing behemoth, Mastercard announced its decision to expand its payment-focused consulting services. Mastercard Extends Consultancy Services Arm Mastercard proposed the addition of four new services for its users that include Open Banking; Open Data; Environment, Social & Governance (ESG); and Crypto & Digital Currencies. Many people might be unaware of the fact that Mastercard has provided consultancy service for more than 20 years, providing advice and guidance on aspects related to payment processing. These aspects range from data governance to sale tax reporting and much more. Furthermore, Mastercard will be establishing a consultancy firm that also centers around environmental, social, and governance challenges said the payment behemoth in a statement on Tuesday. Mastercard’s Data & Service department manages the consultancy business. The financial services company states that in 70 countries it has employed over 2,000 engineers, consultants, and data scientists. According to the announcement, the Data & Services company intends to employ 500 new graduates (young professionals) and experts as part of the digital payment consulting expansion. This effort includes the adoption of consulting practices that primarily focus on cryptocurrencies and open banking by Mastercard Inc. Raj Seshadri, the President of Data & Services Mastercard believes tha...
