Full-Time

Manager – Business Analysis

Settlement

Updated on 8/18/2026

Deadline 8/30/26
Mastercard

Mastercard

11-50 employees

Global payments network and services provider

No salary listed

Gurugram, Haryana, India + 1 more

More locations: Pune, Maharashtra, India

In Person

Master's

Category
Business & Strategy (1)
Required Skills
iOS/Swift
ISO 20022
REST APIs

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Requirements
  • A Master’s degree in Finance, Business, Accounting, Economics, Financial Engineering, Information Systems, or a related discipline.
  • High expertise in payments and settlement, banking, fintech, financial market infrastructure, consulting, or related domains.
  • Strong understanding of payment ecosystems, authorization, clearing, settlement, card networks, treasury operations, liquidity management, correspondent banking, and cash management.
  • Working knowledge of payment connectivity solutions including SWIFT, host-to-host interfaces, application programming interfaces, and ISO 20022.
  • Strong analytical and problem-solving skills with the ability to manage ambiguity and navigate complex business environments.
  • Ability to manage stakeholders and influence decisions across business, technology, treasury, operations, banking partners, and executive leadership.
  • Ability to develop executive presentations, business cases, and strategic recommendations.
  • Ability to support a global organization operating 24 hours a day, seven days a week across time zones.
  • Ability to abide by Mastercard’s security policies and practices, protect the confidentiality and integrity of accessed information, report suspected security violations or breaches, and complete mandatory security training.
Responsibilities
  • Lead and execute strategic settlement initiatives supporting Mastercard’s growth, market expansion, regulatory changes, and product innovation agenda.
  • Partner with regional and global stakeholders to assess, design, and implement new settlement capabilities, currencies, services, and operating models.
  • Develop business cases and implementation strategies supporting settlement modernization and broader Mastercard business objectives.
  • Identify opportunities for process simplification, automation, control enhancement, and operating model transformation across settlement activities.
  • Partner with business, technology, treasury, and operational stakeholders to enhance settlement services and payment infrastructure capabilities, translating business and customer needs into scalable settlement solutions.
  • Partner with settlement banks, liquidity providers, and financial institutions to drive banking connectivity, funding solutions, service enhancements, and settlement infrastructure initiatives.
  • Drive end-to-end delivery of settlement and payment infrastructure initiatives by translating business requirements into scalable solutions and partnering across technology, banking, and operational stakeholders.
  • Manage global settlement invoice processing, vendor onboarding, payment approvals, and related governance activities while ensuring compliance with internal controls, financial policies, and operational requirements.

Mastercard operates a global payments network that enables people and businesses to pay with cards and digital methods. Banks issue Mastercard-branded debit and credit cards, and Mastercard’s network authorizes transactions, clears them between banks, and settles funds, allowing merchants to receive payments securely and quickly. The company differentiates itself by leveraging a worldwide alliance of banks and merchants, transitioning from a cooperative of banks to a publicly traded company via its 2006 IPO, and continuously expanding its reach through partnerships and new payment technologies. Mastercard’s goal is to provide fast, secure, and convenient cross-border payment services and to grow its share of the global payments market by enabling merchants and customers to transact smoothly anywhere in the world.

Company Size

11-50

Company Stage

IPO

Headquarters

Town of Harrison, New York

Founded

2007

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Simplify Jobs

Simplify's Take

What believers are saying

  • Q2 2026 revenue rose 14% to $9.3 billion, driven by cross-border demand.
  • August 2026 TeamApt collaboration expands Mastercard acceptance across Africa’s merchant base.
  • August 2026 SNB World Legend and Atlys offers deepen premium-card monetization.

What critics are saying

  • Mastercard cut 4% of staff in January 2026 after a strategic review.
  • U.S. merchants pursue September 2026 opt-out trials over interchange fees and ATM rules.
  • New April 2026 New York merchant antitrust suits attack Mastercard’s pricing power directly.

What makes Mastercard unique

  • Mastercard Agent Pay for Machines launched June 10, 2026 with 30+ partners.
  • Mastercard’s network settles cards, accounts, and stablecoins across one global rail.
  • Value-added services reached $3.8 billion in Q2 2026, outgrowing core payments.

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Benefits

New Parent Leave

Inclusive Family Building Benefit

Employee Family Resource Program

Bereavement Leave

Dependent Scholarship

Employee Assitance Fund

Business Resource Groups

Employee Recognition

Flexible Work

Tuition Assistance

Travel Assistance

Matching Charitable Gifts

Company News

TechAfrica News
Aug 20th, 2026
SNB Group launches Mastercard's World Legend card for Private Banking clients.

SNB Group launches Mastercard's World Legend card for Private Banking clients. August 20, 2026 The launch reflects SNB Group's continued commitment to delivering innovative banking solutions and exceptional experiences tailored to the evolving expectations of affluent customers. SNB Group, in collaboration with Mastercard, announced the launch of the SNB World Legend Mastercard, becoming the first financial institution in the Middle East and North Africa to to offer Mastercard's most prestigious card tier to its Private Banking clients. The launch reflects SNB Group's continued commitment to delivering innovative banking solutions and exceptional experiences tailored to the evolving expectations of affluent customers. "The launch of the SNB World Legend Mastercard reflects SNB Group's commitment to continuously advancing innovative banking solutions that elevate customer experience and reinforce our position as a leading financial group in the Kingdom and the region. This milestone forms part of our strategy to deliver differentiated products and personalized services that combine innovation with exclusivity, creating value that extends well beyond traditional banking." - Saud Bajbair, Head of Retail Business Group, SNB Group "At Mastercard, we are committed to turning payments into possibilities by crafting experiences that create lasting connections and value, delivering what matters most to our cardholders. Thanks to our extensive global research, we have an in-depth understanding of the needs and desires of private banking consumers. We are delighted to bring the newly introduced World Legend Mastercard - our new product designed for cardholders that want to enjoy utmost luxury - to SNB's customers." - Adam Jones, Division President, West Arabia, Mastercard SNB World Legend Mastercard sets a new benchmark in luxury payments, offering Private Banking clients a curated ecosystem of exclusive travel, dining, entertainment, investment and lifestyle privileges. Combining the premium global benefits of The Mastercard Collection with 24/7 lifestyle concierge, bespoke travel experiences, international meet-and-greet and airport transfer services, lounge access for cardholders and two guests, fast-track airport services at major hubs worldwide, and access to leading global economic forums in partnership with Bloomberg, the card delivers unparalleled access and exceptional moments tailored to each cardholder's preferences. This launch underscores SNB's commitment to expanding its portfolio of innovative financial solutions that enhance customer experience while supporting the ambitions of Saudi Vision 2030. Through continuously evolving its products and services, the Group remains focused on delivering more flexible, personalized and value-driven banking reinforcing its position as one of the region's leading financial institutions. The TechAfrica News Podcast

Hurricane Payments
Aug 18th, 2026
Visa and Mastercard join Rain's agentic commerce coalition.

Visa and Mastercard join Rain's agentic commerce coalition. Stablecoin payments infrastructure company Rain has formed a group to promote agentic commerce development. The Agentic Payments Alliance (APA) was announced Tuesday (Aug. 18), listing Visa, Mastercard, Fiserv, Circle, Solana and Remitly among its founding members. "No single company should get to decide how agents transact on someone's behalf. That has to come from the platforms building the rails, the regulators setting the rules, and the innovators closest to how agents are actually being used today," Farooq Malik, co-founder and CEO of Rain, said in a news release. "We initiated the Agentic Payments Alliance to put all of these parties in the same room, and to do it now, while the category is still taking shape." The release cites projections from McKinsey estimating between $3 trillion and $5 trillion in global agentic AI commerce by 2030. What's still being defined, Rain said, is the infrastructure that allows that activity: how artificial intelligence agents are authorized, how fraud is detected, and how loyalty and rewards will work. The company said it formed the APA to "bring the people building that infrastructure into the same conversation, before those decisions get made in isolation." Rain says it has spent the last year "building toward this moment," with offerings like including its Agent Control Layer and Scoped Cards, which provide agents with widely accepted payment credentials "that are safe and limited." "That work put Rain in a position to convene founding members across the industry rather than build the category alone," the release said. "The Alliance itself is a working coalition, run collectively by its founding members rather than owned by any one company. Members will set its charter and mission together." The group's early work is expected to involve shared research and frameworks, experimenting with emerging standards for AI agent identity and authorization, and advocating on the regulatory questions raised by agentic commerce, Rain said. PYMNTS wrote earlier this month about how Visa, Mastercard and fellow card giants American Express and Capital One are developing "the rails" for agentic commerce. "Agentic commerce is a when, not an if," Visa CEO Ryan McInerney said during an earnings call. "We're building the products, the services, the protocols, ensuring that the ecosystem has what it takes, and this will happen, and it will be a positive tailwind for Visa."

BSEtec
Aug 17th, 2026
AI-to-AI Payments: the future of Machine Commerce.

AI-to-AI Payments: the future of Machine Commerce. For years, digital payments were designed around one assumption: a human is making the purchase. But 2026 is challenging that assumption. AI agents are moving beyond answering questions and generating content. They can now search for services, compare options, trigger workflows, and increasingly participate in transactions. Visa reported in July 2026 that AI agents are already being used in activities such as booking travel, reordering inventory, querying data providers, and buying compute. At the same time, payment networks are actively building infrastructure for this new model. On June 10, 2026, Mastercard launched Agent Pay for Machines for high-frequency, low-value machine transactions, while Visa announced a collaboration with OpenAI to support secure payments in agentic commerce. This brings Bsetec to the next stage of digital commerce: AI does not just recommend what to buy. It can potentially buy it. The Big Change: From Checkout to Continuous Commerce Traditional ecommerce ends after payment. However, AI agents can continuously purchase resources as needed. For example, a logistics agent could automatically pay for freight, warehouse services, tracking, and monitoring. Continuous Commerce: Machines can make frequent, small payments for API Calls, Cloud Computing, AI Inference, Data Access, Storage, Bandwidth, IoT Services, DePIN Resources, and Automated Logistics Why Microtransactions Suddenly Matter Humans are not naturally suited to making thousands of tiny payments. An AI agent is. Imagine an intelligent system that pays: * $0.01 for a data request * $0.05 for an AI inference * $0.20 for additional compute * $1 for a specialized digital service A human would probably prefer a monthly subscription. An AI agent may prefer pay-per-use because it can compare the cost of every transaction in real time. Mastercard's 2026 machine-payment infrastructure specifically targets this type of high-volume, low-value transaction environment. Consequently, AI-to-AI payments could create business models that were previously too expensive or inconvenient to operate manually. The Rise of Payment-Enabled APIs One of the most interesting developments in 2026 is the evolution of HTTP 402-based payment flows. Cloudflare's current agentic-payment documentation describes an architecture where a service can return: 402 Payment Required The response tells the requesting software what needs to be paid, including payment details. The client can then make the payment programmatically and retry the request with payment credentials. This approach is important because it turns an API into something closer to a machine-readable storefront. For example: An AI agent requests premium market data. The server replies: Payment required - $0.10 The agent checks its policy. The agent pays. The server verifies the transaction. The data is delivered. There is no traditional shopping cart. There may not even be an account or pre-shared API key. Cloudflare's x402 documentation specifically describes this model as supporting AI agents and programmatic services without requiring traditional accounts, sessions, or API keys. AI Agents Need Their Own Financial Rules Giving an AI agent access to money sounds powerful. It also sounds dangerous. A production-grade AI payment system cannot simply say: "Here is a wallet. Spend whatever you need." Instead, businesses need controlled autonomy. For example: * Maximum transaction: $20 * Daily spending: $500 * Allowed services: Verified APIs and compute providers * Restricted assets: No unauthorized tokens * Human approval: Required above $100 * Emergency action: Automatically freeze the wallet This creates an important principle: Autonomous does not mean uncontrolled. The AI should make decisions within a clearly defined financial boundary. Identity Becomes as Important as Payment A traditional payment system primarily asks: Who is paying? AI commerce requires additional questions: * Which agent is paying? * Who authorized it? * What is the agent allowed to do? * Which business does it represent? * Can the receiving service trust it? Visa's 2026 work on agentic commerce highlights the growing importance of trust, authentication, and security as AI agents increasingly make purchases and manage transactions. So, future machine-commerce infrastructure is likely to combine: Agent Identity + Authorization + Wallet + Payment + Verification + Monitoring This is one reason blockchain-based identity and programmable wallet infrastructure are attracting attention in agentic commerce. Where Stablecoins Fit Stablecoins can provide AI agents with fast, programmable, global, and low-value payment capabilities. In 2026, Visa and Cloudflare are expanding stablecoin-based infrastructure for agentic commerce. Key Benefits * Fast settlement * Programmable payments * Global transactions * Microtransactions * Blockchain verification * Machine-Commerce Flow AI | Identity | Policy | Wallet | Payment | Settlement | Service AI-to-AI Payment Use Cases AI Compute: Automatically buy GPU resources. Data: Purchase datasets on demand. APIs: Pay per AI service request. DePIN: Buy decentralized infrastructure. Supply Chain: Automate service payments. AI Marketplaces: Agents hire other AI services. AI agents could soon buy capabilities, not just products. What Changes for Businesses? The rise of AI agents means businesses must prepare for AI-driven customers. Instead of serving only people, platforms will need to support machines that can discover, evaluate, and pay for services. Businesses will need AI-readable pricing, API-based services, Automated payments, Agent authentication, Real-time availability, and Smart access controls. The shift: From human-first commerce to human + AI commerce. Where Blockchain Enters the Picture Blockchain can provide the trust and automation layer required for machine transactions. It can handle wallets, programmable payments, smart contracts, and transparent settlement. Key areas include AI-powered wallets, Stablecoin payments, Smart contracts, tokenized services, Decentralized marketplaces, and Agent-to-agent transactions The Bigger Opportunity: AI + Blockchain + Payments + Identity + Security = Machine Commerce Infrastructure How BSEtec Can Help Build the AI-to-AI Payment Layer For businesses exploring this market, the biggest challenge is connecting several technologies into one secure system. This is where BSEtec can bring value. BSEtec can help businesses explore solutions involving AI agents, blockchain networks, crypto wallets, smart contracts, Web3 applications, and programmable payment workflows. For example, a future AI-commerce platform could include: AI Agent, Identity Layer, Policy Engine, Programmable Wallet, Payment Gateway, Blockchain / Stablecoin Settlement, Smart Contract, Service Provider BSEtec can help businesses design and develop the blockchain and Web3 components needed to support such architectures. For organizations entering this space, partnering with an experienced blockchain development company can also help address critical areas such as security, wallet architecture, smart-contract integration, and scalable transaction infrastructure. AI-to-AI Payments: What Comes Next? 2026: AI agents connect with payment systems. 2027: Agent-to-agent marketplaces expand. 2028: Microtransactions grow for APIs and compute. 2029: AI agents manage complex purchases. 2030: Autonomous business networks become more common. Conclusion AI-to-AI payments are reshaping commerce by enabling agents to discover, decide, transact, and pay automatically. As this evolves, businesses will need secure identity, wallets, payment, and blockchain infrastructure. 2026 marks the shift from AI that assists to AI that transacts. The future Human-to-Business | Machine-to-Machine BSEtec helps businesses build secure, blockchain-powered solutions for this emerging machine economy.

Card Insider
Aug 16th, 2026
Get first Atlys Visa Application service charge free up to ₹7,500 with Mastercard.

Get first Atlys Visa Application service charge free up to ₹7,500 with Mastercard. 16 August, 2026 / By Bharti Bisht / 0 Comment Planning an international trip and worried about the additional costs involved in getting a visa? Mastercard has partnered with Atlys to offer eligible Mastercard cardholders a discount on their visa application service charges. Under the offer, eligible Mastercard World Elite cardholders can get 100% off their first Atlys visa application service charge, up to ₹7,500. Meanwhile, Mastercard World and World Select cardholders can get up to ₹4,000 off their first visa application service charge. The offer is valid until 30 June 2027, giving eligible cardholders plenty of time to use the benefit for their upcoming international travel plans. | Mastercard Card Type | First Visa Application | Subsequent Applications | | World Elite | 100% Off up to ₹7,500 | 25% Off | | World/World Select | 100% Off up to ₹4,000 | 15% Off | Offer details. * The first-visa benefit can be used once per unique passport holder. If multiple passport holders are included in the same transaction, additional passport holders will only receive the applicable discount available on subsequent applications. * The discount is applicable only to the Atlys service charge. It does not cover government visa fees, courier or logistics charges, taxes, insurance or optional add-on services. * The offer also cannot be combined with any other promotion, discount or offer available on Atlys. * The application must be created and payment initiated on or before 30 June 2027 to qualify for the offer. * The offer is non-transferable and cannot be exchanged for cash or credit. Atlys may withdraw the benefit in cases involving suspected misuse, duplicate accounts, or fraudulent activity. Complimentary Atlys Reserve membership for World Elite. Mastercard World Elite cardholders get an additional benefit under this offer in the form of a complimentary Atlys Reserve membership. Eligible World Elite cardholders need to activate the membership through the Atlys app to access the benefit. This makes the offer particularly useful for frequent international travelers who may use Atlys for multiple visa applications. Bottom line. The Mastercard Atlys offer can be useful for cardholders planning an international trip, particularly those who would otherwise have to pay a significant visa application service charge. World Elite cardholders get the highest benefit, with up to ₹7,500 off their first Atlys service charge, along with 25% off subsequent applications and complimentary Atlys Reserve membership. World and World Select cardholders can save up to ₹4,000 on their first application and get 15% off subsequent applications. However, remember that "visa application free" does not mean the entire visa process is free. The offer only covers the Atlys service charge. Government visa fees, taxes, courier charges and other applicable costs will still need to be paid separately. With the offer valid until 30 June 2027, eligible Mastercard cardholders can use the benefit when planning their next international trip.

Yahoo Finance
Aug 15th, 2026
Bill Ackman buys $1.1B stakes in S&P Global, Visa and Mastercard

Bill Ackman's Pershing Square disclosed stakes of approximately $1.1 billion each in S&P Global, Visa, and Mastercard in its second-quarter 13F filing. All three companies collect fees on activity flowing through their systems without taking on lending risk. S&P Global closed at $418.80, about 28% below its 52-week high of $579.05. Visa and Mastercard traded near their highs, roughly 3% and 5% below respectively. S&P Global's gap partly reflects its July spin-off of Mobility division, which trades around $20 per share. The company reported second-quarter revenue of $3.7 billion, up 11% year over year, excluding Mobility. Ratings revenue climbed 17% to $1.3 billion, whilst Indices grew 20% to $534 million. However, Market Intelligence and Energy divisions grew just 6% and 2% respectively. Non-GAAP earnings per share rose 23% to $4.83.