MasterCard

Saturday, Apr 20, 2024 | Last Update : 07:45 PM IST

MSMEs to get $100 mn fund for digitisation

HDFC Bank will reach beyond its current customer base to make 50 pc of this credit facility available to new small business borrowers

22 Oct 2021 7:31 AM

The partnership will empower Indian micro, small and medium enterprises (MSMEs) in digitizing their operations (Twitter@Razorpay)

Mastercard partners with Razorpay to drive digital payments acceptance by small businesses

This partnership will help digital adoption and equip millions of businesses, said the Chief Innovation Officer of Razorpay

16 Feb 2021 11:50 PM

The new Axis Bank credit card comes with a slew of benefits, including a 1.5 per cent cashback on every purchase, and up to 5 per cent cashback for merchant shopping, including on Flipkart and on its sister concerns like Myntra.

Axis Bank launches co-branded credit card with Flipkart, eyes 1 million new sales

The bank has 6.17 million credit cards in use, making it the fourth largest issuer in the country.

11 Jul 2019 8:02 PM

RBI last year mandated companies to store their payments data “only in India” so that the regulator could have “unfettered supervisory access”.

RBI to review data storage rules for payment firms: Government

All the companies who were represented in this meeting put forth their concerns related to RBI data storage requirements.

18 Jun 2019 12:36 PM

Each company will invest around USD 10 million in a consortium that will govern the cryptocurrency. (Photo: AP)

Facebook's cryptocurrency-based payments system gets big backers

Visa Inc, Mastercard Inc, PayPal Holdings Inc and Uber Technologies Inc to back Facebook’s new cryptocurrency.

14 Jun 2019 11:59 AM

Bharatiya Janata Party workers welcome Prime Minister Narendra Modi as he, along with BJP president Amit Shah, arrive at the party headquarters to celebrate the party’s victory in the Lok Sabha elections in New Delhi on Thursday. (Photo: AP)

Foreign investors hope India dials back policy shocks after Modi win

Protectionism concerns 'are small hurdles you have to go through', said Fairfax Financial chairman Prem Watsa.

25 May 2019 5:55 PM

Mastercard has already stared "on soil processing" in in its Pune facility during October last year.

Mastercard to double India headcount to 4,000 in 5 years

Mastercard recently announced an investment of USD one billion over the next five years on increasing infrastructure.

16 May 2019 4:04 PM

Mastercard already started saving data at servers in India from October last year.

De-duplication of Indian consumer data to complete by year-end: Mastercard

The moves comes in the backdrop of the regulator RBI asking such payment technology firms to comply with data localisation norms.

13 May 2019 10:41 AM

The most crucial thing about this investment is that Mastercard is building India as a global technology node for its global platforms, Ari Sarker, co-president, Asia Pacific, Mastercard said in an interaction.

Mastercard to invest USD 1 bn in India, plans to make country global tech node

This investment will help foster innovation, increase Mastercard's speed-to-market capabilities and value-added services.

07 May 2019 10:41 AM

MasterCard tweaks policy to disable auto-billing after free trials

The financial company has introduced a new policy as part of which, merchants will no longer be able to auto-bill you.

18 Jan 2019 10:38 AM

Under the terms of the offer for online payments, debit card charges would be 1.15 percent and 1.50 percent for credit cards.

Visa, Mastercard offer to cap tourist card fees to end EU probe

Visa and its closest rival Mastercard have proposed a 0.2 percent fee on non-EU debit card payments.

05 Dec 2018 12:32 PM

Visa, the world’s largest payments network operator, and No. 2 player Mastercard have proposed a 0.2 per cent fee on debit card payments.

Visa, Mastercard propose merchants' tourist card fee cut to end EU probe

For online payments, debit card charges would be 1.15 percent and 1.50 percent for credit cards.

04 Dec 2018 6:01 PM

Retailers say interchange fees count as a hidden cost and the card companies have paid billions of dollars to settle class action lawsuits.

Visa, Mastercard offer tourist card fee cut in EU antitrust probe

Even after the cut, the fees paid by merchants will still likely be higher than those for EU cards.

23 Nov 2018 11:38 AM

RuPay received a major boost due to Modi’s so-called financial inclusion programme

Mastercard lodged US protest over Modi's promotion of Indian card network RuPay

More than half of India’s 1 billion debit and credit cards now go through the RuPay payment system.

02 Nov 2018 11:26 AM

Modi has publicly endorsed the indigenous card payment network, saying using RuPay was like serving the country as its transaction fee stays within India and could help build roads, schools and hospitals.

Mastercard lodged US protest over Modi's promotion of Indian card network RuPay

Modi has in recent years backed RuPay, whose rise has broken the dominance of US payment giants such as Mastercard and Visa.

02 Nov 2018 8:20 AM

Shares of the company, which rose more than 2 percent before the opening bell, fell 4.2 percent to USD 186.60 in afternoon trading. (Photo: Pixabay)

Mastercard shares slide as quality of revenue growth disappoints

Payments processors and card companies use rebates and incentives to forge alliances with banks and merchants.

31 Oct 2018 11:50 AM

The companies had sought dilution of the central bank directive, requesting they be allowed to store data both locally and at their offshore offices, a practice widely known as “data mirroring”. But their requests were declined.

Mastercard says storing India payments data locally in face of new rules

Mastercard has started storing all its new payments transaction data in India at its technology centre in the western city of Pune.

31 Oct 2018 8:56 AM

Visa and MasterCard in particular are a way to tap into the growth of e-commerce without directly owning online sellers like Amazon.

US tech funds turn to Visa, Paypal as FANGs fade

Visa, for instance, is down 2.9 per cent over the last 3 months, compared with a 30 per cent plunge in Facebook.

25 Oct 2018 7:43 AM

India’s Economic Affairs Secretary S.C. Garg said that keeping data copies in the country had emerged as a possible solution. (Photo: Pixabay)

India suggests storing copies of foreign payment firms' data a likely solution

The RBI’s directive comes as more people in India are switching to credit cards.

06 Aug 2018 7:23 AM

‘Manufacturing alone won’t create 10Lakh jobs’

MasterCard CEO lauds note ban, GST but wants India to focus on AI.

25 Jul 2018 12:49 AM

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Columns

Shobhaa De

MasterCard

MSMEs to get $100 mn fund for digitisation

Mastercard partners with Razorpay to drive digital payments acceptance by small businesses

Axis Bank launches co-branded credit card with Flipkart, eyes 1 million new sales

RBI to review data storage rules for payment firms: Government

Facebook's cryptocurrency-based payments system gets big backers

Foreign investors hope India dials back policy shocks after Modi win

Mastercard to double India headcount to 4,000 in 5 years

De-duplication of Indian consumer data to complete by year-end: Mastercard

Mastercard to invest USD 1 bn in India, plans to make country global tech node

MasterCard tweaks policy to disable auto-billing after free trials

Visa, Mastercard offer to cap tourist card fees to end EU probe

Visa, Mastercard propose merchants' tourist card fee cut to end EU probe

Visa, Mastercard offer tourist card fee cut in EU antitrust probe

Mastercard lodged US protest over Modi's promotion of Indian card network RuPay

Mastercard lodged US protest over Modi's promotion of Indian card network RuPay

Mastercard shares slide as quality of revenue growth disappoints

Mastercard says storing India payments data locally in face of new rules

US tech funds turn to Visa, Paypal as FANGs fade

India suggests storing copies of foreign payment firms' data a likely solution

‘Manufacturing alone won’t create 10Lakh jobs’

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