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"mastercard"

  • ICICI, Axis Bank may cut ties with DreamFolks after service disruption

    After a major service disruption in September 2024, ICICI Bank, Axis Bank, and Mastercard are exploring alternatives to DreamFolks Services for airport lounge access. With growing dissatisfaction, banks may increasingly shift to direct partnerships with lounge operators
  • LinkedIn unveils list of top 25 companies in India for 2025

    As per the list, Tata Consultancy Services retained the top spot, followed by Accenture (#2) and Infosys (#3)
  • RBI asks Visa, Mastercard to stop card-based commercial payments

    Visa further said that BPSPs are regulated and licensed by the RBI under the PA-PG (payment aggregators - payment gateways) guidelines.
  • ‘India’s UPI ‘incredibly painful’ experience for ecosystem participants’

    Speaking at the recent UBS conference, Mastercard CFO Sachin Mehra said that "it is an incredibly painful experience for ecosystem participants who all end up losing money as part of that proposition," reports TechCrunch
  • Depositors’ trust is with banks, not fintech companies: Mastercard India chief

    Chairman of Mastercard India Rajnish Kumar on Thursday said that the trust of the depositors is with the banking system and not with fintech companies.
  • Airtel Payments Bank, Frontier Markets, Mastercard partner to support women-owned small businesses

    More women entrepreneurs are coming into India's workforce and adding energy to the economy, Mastercard President for Asia Pacific Ari Sarker said.
  • Biden appoints Indian-American to serve on the President’s Export Council

    Singh is the founder and president of the Mastercard Center for Inclusive Growth and serves as the executive vice president of Sustainability at the company.
  • Card tokenisation to make online payments safer

    Hyderabad: With card tokenisation set to come into place from July 1, there are many questions being raised about the system and why is it important. Tokenisation is a process by which card details are replaced by a unique code thus making online payments safer and secure without the need to share full card details. […]
  • Telangana, Mastercard join hands to accelerate digitisation in State

    Hyderabad: In line with its vision of a Digital Telangana, the Government of Telangana has signed a memorandum of understanding (MoU) with Mastercard. It aims to formalise a Digital State Partnership for delivering solutions that contribute to the rapid digitisation of the State’s citizen services. It will focus on small and medium-sized businesses (SMBs) and […]
  • After suspension of Visa and Mastercard, Russia to issue cards using China’s UnionPay

    New Delhi: Several Russian banks on Sunday announced plans to start issuing cards using the Chinese UnionPay card operator system. The step, which came shortly after Mastercard and Visa pledged to cease operations in Russia and disconnect all the country’s banks from their payment systems, will enable the holders of new cards to use them […]
  • Mastercard, Visa suspend operations in Russia

    California: Credit card and Payment giants Mastercard and Visa announced that they were suspending operations in Russia and that their cards issued by Russian banks will no longer work outside the country. “Effective immediately, Visa will work with its clients and partners within Russia to cease all Visa transactions over the coming days. Once complete, […]
  • Mastercard, Visa suspend operations in Russia after invasion

    New York: Mastercard and Visa are suspending their operations in Russia, the companies have said, in the latest blow to the country’s financial system after its invasion of Ukraine. Mastercard Saturday said cards issued by Russian banks will no longer be supported by its network and any card issued outside the country will not work […]
  • Card payments: Merchants overcharging customers

    Merchants charging about 2% more than actual bill to customers is not permissible, says RBI
  • PhonePe ‘SafeCard’ enables businesses to implement tokenisation easily

    Bengaluru: PhonePe, Indias leading digital payments platform, on Tuesday announced that its SafeCard tokenisation solution for online businesses enables their end customers to experience the convenience of saved card transactions with added security.This solution is in compliance with the recent RBI guidelines. PhonePe SafeCard enables businesses to offer tokenisation on their own platforms via a […]
  • Chip-based Mastercard to replace magnetic stripe

    No Mastercard credit and debit cards will have magnetic stripes by 2033 and the newly-issued cards will be required to have a stripe starting in 2024 in most markets.
  • Mastercard ban to impact five private banks

    Besides these five banks, Bajaj Finserve and SBI Card may face problems as they were also issuing cards of this payment gateway
  • Sitharaman points at investment opportunities in India to US investors

    The broad messages conveyed to the investors include the "significant drop" in daily Covid cases and "strong relief and reforms" undertaken by Government during the pandemic times
  • Bitcoin’s market value tops $1 trillion

    Bitcoin is a cryptocurrency created in 2009 by an unknown person using the alias Satoshi Nakamoto.
  • IKEA joins hands with Mastercard, Citi for credit card

    The in-store card application process is digital with instant verification and immediate usage, a first for any co-branded card in India

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