FDI of the Month February 2020: Mastercard announces plans to increase staff to 2,000 people with new Dublin campus

FDI of the Month | Fri 6 Mar | Author – Business & Finance
Pictured: Mastercard logo

Mastercard, the multinational US credit card issuer, has had a presence in Ireland since 2008. In an announcement made by IDA Ireland it was confirmed that the US-based company plans to increase its staff to more than 2,000 over the next three-to-five years.

Mastercard, the multinational US credit card issuer, has had a presence in Ireland since 2008. At this time they only employed only 36 people. 

In 2012, in order to aid in the company’s research and development arm, they established Mastercard Labs in Ireland, and the number of their employees working in the country has grown to 650 people.

In an announcement made by IDA Ireland on the 24th of February, it was confirmed that the US-based company plans to increase its staff to more than 2,000 over the next three-to-five years. This is approximately 1500 new jobs on top of the 650 currently in existence.

Dublin will also become the company’s Technology Hub for Europe with a new campus in Leopardstown.

Martin Shanahan

Martin Shanahan, CEO, IDA Ireland

 

“Our new campus will help us continue to attract the best and brightest tech talent, so that we stay on the forefront of emerging tech trends and are well positioned to forge the future of digital commerce across the globe,” said Ed McLaughlin, president of Mastercard operations and technology.

He continued: “Our Dublin Tech Hub is an innovation engine for our company across Europe and beyond, and we’re delighted to be expanding our technology footprint in the city.

Acting Taoiseach Leo Varadkar noted “This is excellent news and further proof of Ireland’s place as a global hub for technology.

“The 1,500 jobs being created at Mastercard are high quality, skilled positions, which I’m sure will be much sought after.

“We can never be complacent when it comes to our economy and employment; as a country we must continue to pursue policies which make Ireland attractive to investment and job creation and open to free trade.”

The jobs on offer at the new campus include software engineering, as well as work in artificial intelligence, cyber security, blockchain and data. 

“The 1,500 jobs being created at Mastercard are high quality, skilled positions, which I’m sure will be much sought after.”

Alongside its campus in Leopardstown, Mastercard will also be developing additional office space in One and Two South County. 

The new campus will also boast state-of-the-art facilities with environmental consciousness at its core, and a focus on neurodiversity and well-being. 

Martin Shanahan, Chief Executive at IDA Ireland, said: “This expansion of Mastercard’s new European Technology Hub, creating 1500 jobs, is excellent news and demonstrates a substantial commitment to Ireland, making it a key location in the company’s global operations. 

“Ireland’s position as a leading global financial centre includes a strong record of success in the payments sector. Ireland is home to some of the world’s largest payment businesses, including Mastercard. 

“This substantial investment and build out of Mastercard’s operations in Dublin is a further strong endorsement of Ireland’s standing in International Technology Services and its offering to companies considering locating here. I wish Ken and his team every success with this next phase of development here.”

Recruitment for the new positions has already begun.