What Does ElectraCard Services Do?

Total employees375
HeadquartersPune
Founded1996

ElectraCard Services (ECS) was a prominent global provider of software and processing solutions for electronic payment systems, including credit, debit, prepaid, and loyalty cards. Founded in 1996 to cater to the burgeoning digital payments market, ECS offered a comprehensive suite of products enabling financial institutions and other organizations to manage their card portfolios and payment transactions effectively. Its flagship product, electraSWITCH, was an ATM switch and payment processing platform. In 2014, ElectraCard Services was acquired by Mastercard, integrating its technologies and expertise into Mastercard's broader payment processing and technology services, particularly enhancing Mastercard's capabilities in emerging markets. While ECS no longer operates as an independent entity, its legacy in payment technology innovation continues within Mastercard's offerings.

Where Is ElectraCard Services's Headquarters?

HQ Function

The Pune headquarters served as the central hub for ElectraCard Services' global operations, including software development, R&D, customer support, product management, and strategic leadership prior to its acquisition by Mastercard.

Notable Features:

As a technology-focused company, the Pune office likely featured modern IT infrastructure, secure data centers, software development labs, and collaborative workspaces designed to foster innovation in payment technologies.

Work Culture:

Prior to its acquisition, ElectraCard Services likely fostered a dynamic and innovative work culture typical of technology companies, emphasizing technical excellence, agile development, customer-centric solutions, and continuous learning in the fast-evolving fintech landscape.

HQ Significance:

The Pune headquarters was strategically important as the nerve center of ECS's operations, driving its product development, technological innovation, and expansion into over 25 countries. It was key to establishing ECS as a significant player in the global payments processing software market.

Values Reflected in HQ: The headquarters would have aimed to reflect ElectraCard Services' core values of innovation, technological leadership, global service delivery, security, and reliability in financial transactions.

Location:

Prior to its acquisition by Mastercard in 2014, ElectraCard Services had a significant global presence. Its payment processing software and solutions were utilized by over 200 financial institutions and payment service providers in more than 25 countries across Asia Pacific, the Middle East, Africa, Europe, and North America. Key global functions included international sales and marketing, localized product implementation, 24/7 customer support, and research and development tailored to diverse international payment ecosystems.

Street Address:

Electra Complex, Ex-Servicemen Colony, Paud Road, Kothrud

City:

Pune

State/Province:

Maharashtra

Country:

India

Where Else Does ElectraCard Services Operate Around the World?

Dubai, UAE

Address: Dubai Internet City, Dubai, UAE (General Location)

To cater to the rapidly growing digital payments market in the MEA region, providing localized support and solutions to financial institutions and payment processors.

Mississauga, Ontario, Canada

Address: Mississauga, Ontario (General Location)

To establish and expand ECS's presence in the competitive North American financial technology sector, offering advanced card management and payment processing software.

Nairobi, Kenya

Address: Nairobi (General Location)

To strengthen ElectraCard Services' footprint in Africa and provide on-the-ground support to financial institutions adopting its payment platforms.

Buying Intent Signals for ElectraCard Services

Highperformr Signals uncover buying intent and give you clear insights to target the right accounts at the right time — helping your sales, marketing, and GTM teams close more deals, faster.

Notable news
Hiring actively
Corporate Finance
Corporate Finance
Corporate Finance
Corporate Finance
Corporate Finance
*Example signal, not calculated in real time

Who's Leading ElectraCard Services? Meet the Executive Team

As of April 2025, ElectraCard Services' leadership includes:

Ramesh Mengawade - Chief Executive Officer (at the time of Mastercard acquisition)
Pradeep Kumar - Founder and Chief Architect (key leadership role)
Samir SAKSI - EVP & Head - MEA (Middle East & Africa)

Who's Investing in ElectraCard Services?

ElectraCard Services has been backed by several prominent investors over the years, including:

Primarily promoter-owned and privately funded prior to its strategic acquisition by Mastercard in 2014.

What Leadership Changes Has ElectraCard Services Seen Recently?

Hire0
Exits0

ElectraCard Services was acquired by Mastercard in 2014 and its operations were fully integrated. Therefore, executive news specifically for 'ElectraCard Services' as a standalone entity is not applicable for the last 12 months. Any relevant executive changes would occur within Mastercard's broader organizational structure, particularly in divisions related to payment processing and technology services that absorbed ECS's functions. No public information details executive movements for a distinct 'ElectraCard Services' unit within Mastercard in the last year.

Departures

N/A, No specific executive departures for ElectraCard Services as an independent entity in the last 12 months.

New Appointments:

N/A, No specific executive appointments for ElectraCard Services as an independent entity in the last 12 months.

What Technology (Tech Stack) Is Used byElectraCard Services?

Discover the tools ElectraCard Services uses. Highperformr reveals the technologies powering your target accounts — helping your sales, marketing, and GTM teams prioritize smarter and close faster.

ElectraCard Services Email Formats and Examples

Prior to its acquisition by Mastercard, ElectraCard Services likely used common corporate email formats such as [first_initial][last]@[companydomain].com or [first].[last]@[companydomain].com, with the domain being electracard.com. Post-acquisition, employees and operations would have transitioned to Mastercard's email system and formats.

[first_initial][last]@electracard.com (example historical format)

Format

rmengawade@electracard.com (hypothetical example based on common patterns for former CEO)

Example

75 (This pattern itself is common and often successful, though the electracard.com domain is no longer active for new emails from an independent ECS)%

Success rate

What's the Latest News About ElectraCard Services?

Mastercard NewsroomFebruary 26, 2014

Mastercard to Acquire ElectraCard Services (ECS)

Mastercard announced its definitive agreement to acquire ElectraCard Services (ECS), a leading provider of software and processing for electronic payment and card systems. The acquisition aimed to expand Mastercard's processing presence in Asia Pacific, Middle East & Africa and offer a broader range of services to financial institutions, including a full suite of processing solutions and expertise in EMV chip migration....more

FinextraJuly 2, 2014

Mastercard completes acquisition of ElectraCard Services

Mastercard announced the completion of its acquisition of ElectraCard Services (ECS). This strategic move was intended to enhance Mastercard's turnkey processing capabilities and provide integrated mobile and EMV solutions to financial institutions globally, leveraging ECS's established technology platforms and customer base....more

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