Along with the two payment giants, several other large companies have said they’re exiting Libra. Payment processing company Stripe is stepping back, as well as e-commerce company eBay.
Recently, Mastercard announced an investment of USD 1 billion (around Rs 7,100 crore) over the next five years in India. It had committed USD 1 billion investment between 2014-19.
To keep the hassle-free cash withdrawal, banks introduced credit and debit cards for a paperless procedure to withdraw money from ATM machines and to get the ATM Card the applicant needs to apply it. These credit and debit cards are referred to as a type of Payment Gateway Card. These come in three types in India -- RuPay Card, Visa Card or MasterCard.
Mastercard CEO Ajay Banga was speaking at second Leadership Summit of US-India Strategic and Partnership Forum. Jared Kushner, Senior Advisor to US President Donald Trump was present at the event as well. Banga made a case for engagement between "two greatest democracies" at social, cultural, political and economic level.
If you MasterCard or Visa card users then your problems are going to increase in coming days. The government has exempted bank charges on E-payments for the business with an annual turnover of Rs 50 crore. Finance Minister Nirmala Sitharaman in her maiden Budget 2019 speech on July 5 made this announcement in Parliament.
The first phase had begun on May 5, wherein certain components of transaction of data, such as tokenisation will be available only in India and then there are other steps that Mastercard is complying with such as authorisation of transaction.
In the view of rising cases of online fraud RBI asked banks to replace the cards of customer by December 31,2018.
Mumbai: India is the second most optimistic nation among the Asia Pacific Region after Myanmar, says a study. According to the MasterCard consumer confidence index, the country scored 91.6 in the index which is calculated
New Delhi: Visa and MasterCard are introducing Internet-based technologies to make it easier for shoppers to buy things at retail stores without pulling out a credit card.The two technologies, announced separately on Wednesday, will give
London, Jul 12: WikiLeaks declared victory Thursday in the first round of its campaign against the U.S. financial blockade imposed by Visa and MasterCard after an Icelandic court ordered a local company to resume processing
Mumbai, Mar 21: After almost two years of planning,the National Payments Corporation of India has finally finalised the proposed unique India Card which once commercially launched would replace the global real-time payment processing firms Visa
Zurich, Dec 8: An anonymous group of hackers said Wednesday they had launched online attacks to shut down the websites of credit card Mastercard and a Swiss bank that cut off business ties with WikiLeaks.
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