November 27, 2020

Blackhawk Network sets up development centre in India

PUNE: Branded payments provider Blackhawk Network said it had set up a strategic development centre in Bengaluru, its first such in the Asia Pacific region.

The centre is expected to play a critical role in driving the company’s technology innovations in the branded payments space.

Harel Kodesh, chief technology officer, Blackhawk Network, said, “The region’s deep talent pool coupled with its proximity to customers and partners made it the perfect location for our new strategic development centre.” The centre currently has a 200-seater facility which it will fill over the course of the year. The major investments, said Kodesh, would be towards talent acquisition.

Leila Pourhashemi, VP, Technology Business Operations, Blackhawk Network, said, “The Strategic Development Centre will enable us to create solutions from India that will accelerate the introduction of innovative and augmented solutions for our customers, partners and our consumers worldwide.”

The company started out operating in the gifts card space and now does gift card transactions worth $22 billion annually, generating $1 billion in revenue.

Kodesh said that the company was now focused on building technology to move to the next stage of growth, and that the centre in India would play an important role in this.

Radhakrishna Venketeshwaran, Vice President – Head of Blackhawk Network’s Strategic Development Centre (Product & Engineering), said that a lot of the work would be around creating a big data platform to collate and analyse data on consumer behaviour.

“The centre will be at the forefront of developing innovative mobile payment solutions that will have a significant impact on our consumers’ and partners’ payment ecosystems,” he said.

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