Mastercard has announced plans to invest €250 million (US$ 290 million) in three new data centers across France, a move aimed at localizing its payment infrastructure and complying with Europe’s data sovereignty laws.
In a press release Mastercard said that the investment aims to create a more sustainable, distributed, and resilient network to ensure a consistent operational system and reduced vulnerability to natural or geopolitical disruptions.
Barbara Sessa, Managing Director of Mastercard France, said “These new data centers will strengthen our ability to serve French and European economic players with reliability, security and transparency.”
Nicolas Forissier, France’s Minister of Foreign Trade and Attractiveness, welcomed the decision by Mastercard and he said “By choosing to establish its new data centers in our territory, Mastercard is helping to strengthen our sovereignty in terms of innovation for the future of the European economy.”
The data centers are expected to play a key role in improving Mastercard’s capacity to process payments for French as well as other European consumers, merchants, and institutions. Mastercard already has a presence across multiple European technology hubs like Dublin, Amsterdam, Madrid, and Stockholm.