Credit card company Mastercard has announced it is to create 1,500 jobs in Ireland over the next three to five years at a campus site in Leopardstown.
The firm, which originally arrived in Dublin back in 2008, says the new campus will be its technology hub for Europe.
The new positions are being supported by the Industrial Development Authority Ireland (IDA) and will more than treble the size of Mastercard’s workforce in the country.
The company currently employs 650 staff at its research and development arm, Mastercard Labs, which opened in Ireland eight years ago.
In line with its expansion plans, the company will also be taking on additional office space at One and Two South County, the newly built campus.
Ed McLaughlin, president of Mastercard Operations and Technology, said the company’s new technological hub will play a central role in innovative developments.
He said: “Our new campus will help us continue to attract the best and brightest tech talent, so that we stay at the forefront of emerging tech trends and are well positioned to forge the future of digital commerce across the globe.”
Martin Shanahan, chief executive at IDA, said Mastercard’s announcement shows a commitment to Ireland and its available resources.
He said: “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.”
Caretaker Taoiseach Leo Varadkar said: “The 1,500 jobs being created at Mastercard are high-quality, skilled positions, which I’m sure will be much sought after.
“I commend the IDA for their work in promoting Ireland as an excellent location for investment, and I wish everyone at Mastercard well as these exciting expansion plans take shape.”
Ireland is home to some of the world’s largest financial businesses, including Mastercard, Citi and Barclays.