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Visa further said that BPSPs are regulated and licensed by the RBI under the PA-PG (payment aggregators - payment gateways) guidelines.
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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
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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.
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More women entrepreneurs are coming into India's workforce and adding energy to the economy, Mastercard President for Asia Pacific Ari Sarker said.
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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.
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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. […]
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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 […]
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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 […]
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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, […]
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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 […]
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Merchants charging about 2% more than actual bill to customers is not permissible, says RBI
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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 […]
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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.
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Besides these five banks, Bajaj Finserve and SBI Card may face problems as they were also issuing cards of this payment gateway
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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
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Bitcoin is a cryptocurrency created in 2009 by an unknown person using the alias Satoshi Nakamoto.
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The in-store card application process is digital with instant verification and immediate usage, a first for any co-branded card in India