Mastercard is tripling the size of its Manhattan technology hub, promising to hire 473 new experts over the next few years.
The payments firm will move to a new 212,000 square-foot site in the Flatiron district, where it already employs around 250 people working on the digital product, operations technology, Masterpass, and research and development teams.
The new jobs will be introduced by 2024, says Mastercard, which has been given up to $13.3 million in performance-based tax credits by New York economic development agency, Empire State Development.
The New York site is one of five Mastercard tech hubs - alongside St Louis, India, Dublin and Sydney - dedicated to helping the company harness new technologies such as AI and biometrics.
New York Governor Andrew Cuomo says: "Mastercard's decision to expand and innovate its operations in New York is proof-positive that the Empire State has the tools, resources, and pro-business climate for business to thrive."
Ed McLaughlin, president, operations and technology, Mastercard, adds: "New York is an exceptional gateway for talent, innovation and collaboration. We appreciate the ongoing support from Governor Cuomo and the state as we deliver on a commitment to lead in digital."