Mastercard open to acquisitions in India, to invest $800 million
Speaking at the India Economic Summit organised by the World Economic Forum, Mastercard President and CEO Ajay S Banga said India accounts for 3 percent of the company's global revenues and 14 percent of its employee strength.
Oct 05, 2017, 13:53 PM IST
Mobikwik to stay firm despite Adhaar-based payment systems
Digital wallet company Mobikwik on Thursday said it would stay firm to its three-fold growth projection to USD 10 billion gross merchandise value by the end of 2017 despite the arrival of Aadhaar-based biometric payment system.
Mar 02, 2017, 18:42 PM IST
Despite note ban, Indian consumers most optimistic in Asia Pacific: Mastercard
Notwithstanding demonetisation, Indian consumers are the most optimistic in the Asia Pacific region and their outlook on economy and stock market showed highest levels of confidence, says a report.
Jan 16, 2017, 23:32 PM IST
No card, no mobile wallet only Aadhaar will enable you to make online transactions from now onwards
The government's pet project 'Aadhaar Payment App' will be launched on December 25. It's widely believed that the new app will easily replace the debit/credit cards and point of sale machines (PoS) which are considered to be the backbone of the cashless society.
Dec 25, 2016, 12:01 PM IST
Demonetisation: Paytm launches ''App POS'' for small merchants to accept debit, credit cards
India`s largest digital wallet and payment company Paytm on Wednesday updated its app to launch India`s first APP POS allowing all small and medium merchants to accept all card payments including Rupay, Visa, MasterCard and Maestro.
Nov 23, 2016, 14:19 PM IST
Indian banks need to adopt fully-encrypted ATM security solutions
This incident is a wake-up call for the Indian banking ecosystem to pause and realise that adopting extra-layered, state-of-the-art encryption security to minimise consumer financial data breach has become essential.
Oct 26, 2016, 13:16 PM IST
Debit cards risk: Our systems have not been breached, says MasterCard
Leading global payments and technology company Mastercard on Thursday assured its customers that its own systems have not been breached amid fears rising out of security breach with as many as 3.25 million debit cards in India.
Oct 20, 2016, 18:29 PM IST
Visa CEO Charles Scharf to step down, ex-American Express president to take over
Visa Inc said Chief Executive Charles Scharf, who orchestrated the company`s reunion with its European affiliate, is stepping down and will be succeeded by former American Express Co President Alfred Kelly.
Oct 18, 2016, 09:38 AM IST
PayPal, MasterCard reach deal for store payments
MasterCard Inc said on Tuesday it had expanded its deal with payment processor PayPal Holdings Inc, which would allow customers to use PayPal`s payment services in stores.
Sep 06, 2016, 18:38 PM IST
Jerome Valcke: Under investigation secretary general fired by FIFA
Valcke has been accused of aiding a scheme to sell 2014 World Cup tickets on the black market.
Jan 13, 2016, 16:57 PM IST
Ajay Banga, Satya Nadella among world's top 50 biz leaders: Fortune
MasterCard's Ajay Banga and Microsoft's Satya Nadella have been named among the top 50 global business leaders by Fortune magazine, a list that is topped by Nike's Mike Parker.
Nov 12, 2015, 20:56 PM IST
Fascinating! See how MasterCard turns gadgets, accessories into payment device
MasterCard has released a promotional video of its new function.
Oct 27, 2015, 15:59 PM IST
US industry seeks predictability in India's reforms: Banga
Seeking "predictability" in India's economic reforms, MasterCard's Indian-American CEO Ajay Banga, representing the top US firms having businesses in India, said he would like to see improvement in ease of doing business.
Sep 25, 2015, 06:51 AM IST
RuPay card to soon overtake Visa-Master cards in India?
It is interesting to note that, of the 580 million debit cards used in India, 190 million are said to be RuPay card, a huge achievement for a year old card.
Aug 19, 2015, 17:12 PM IST
EU says MasterCard overcharges customers, retailers
The EU said Thursday that US credit- card giant MasterCard overcharged customers and retailers, having already found rival Visa at fault over fees levied on card payments.
Jul 10, 2015, 00:17 AM IST
CAIT campaign to promote use of digital payments
Traders body CAIT Sunday said it has in association with MasterCard has launched a nationwide campaign to promote use of digital payments in trading fraternity and help traders modernise their business operations.
Jun 21, 2015, 20:29 PM IST
HDFC makes to world's top-10 list of consumer finance firms
Mortgage lender HDFC has emerged as the only Indian company among the world's 10 biggest consumer financial services firms, after giants like American Express, Visa and Mastercard.
May 10, 2015, 14:43 PM IST
China opens bank card clearing sector to foreign firms
China has announced plans that will allow giants such as Visa and MasterCard to set up credit card clearing services in the country, breaking the monopoly in a multi-trillion-dollar market foreign firms have been trying to tap for decades.
Apr 23, 2015, 10:33 AM IST
Target announces $19 million data breach settlement with MasterCard
Target Corp said it had agreed to reimburse about $19 million to financial institutions who had issued MasterCard-branded cards that were a part of the massive data breach at the retailer in 2013.
Apr 16, 2015, 03:54 AM IST
RuPay cards of all PSBs now e-commerce enabled: NPCI
The National Payments Corporation of India (NPCI) on Monday said it has completed system integrations to enable e-commerce transactions through RuPay cards of the public sector banks.
Apr 06, 2015, 20:25 PM IST
