Mastercard Inc. plans to invest US$750 million in India as part of its growth strategy, The Hindu Business Line reported Oct. 5.

Mastercard will use the funds for organic growth and acquisitions, said Ajaypal Banga, president and CEO of Mastercard. The company will also use the funds in activities such as cybersecurity and mobile and digital payments, he added.

Mastercard has invested US$550 million in India in the last three years.