The development comes on the heels of the RBI initiating regulatory actions against Paytm Payments Bank. Transactions done at other business outlets which may not be authorised to accept commercial card payments have been asked to be temporarily halted.
The 'pay by car' feature also facilitates the hassle-free recharge of FASTags. Once the recharge is completed, the updated balance will be readily viewable on the car's infotainment screen.
Ajay Banga has been nominated by the USA to lead the World Bank because of his vast expertise in issues like climate change. He is the first Indian born to be nominated for such a position.
President Joe Biden announced that Indian American Ajay Banga is uniquely equipped to lead the global institution at this critical moment.
Satvik Sethi, NFT product head at Mastercard, resigned after complaining that the platform had ignored him. Later, he decided to mint his letter of resignation as an NFT.
Mastercard replaced Paytm, the earlier sponsor who held the rights for seven years.
Since the invasion of Ukraine, the value of the Russian currency, the ruble, has plunged by more than a third to a record low.
The Reserve Bank of India accuses the companies of breaking local data-storage rules. The bans do not affect existing customers.
The restrictions were put in place because of mastercard's failure to comply with local data storage norms that require payment companies to store data related to Indian customers only in the country
After American Express Banking Corp and Diners Club International, Mastercard is the third company to have been barred by RBI from acquiring new customers over data storage issues.
Citing the violation of norms on storage of payment systems data, the Reserve Bank of India has prohibited Mastercard from issuing debit cards, credit cards and even prepaid cards to new customers, starting from July 22.
The Reserve Bank of India (RBI) has imposed restrictions on Mastercard Asia/Pacific Pte. Ltd. (Mastercard) from on-boarding new domestic customers (debit, credit or prepaid) onto its card network from July 22, 2021.
Global payments technology major Mastercard has joined hands with development agency USAID for the Project Kirana that will help increase revenue streams, expand financial inclusion and digital payments adoption of kirana shops that are owned or operated by women.
Mastercard and Microsoft on Tuesday announced a collaboration to accelerate innovation across digital commerce and startup ecosystems.
Global digital payment and technology firm Mastercard has committed Rs 250 crore (USD 33 million) to help reboot Indian SMBs and enable business recovery from the impact of COVID-19 pandemic, industry body CAIT said on Tuesday.
Food delivery platform Zomato on Monday announced a strategic partnership with RBL Bank to launch "Edition Credit Cards" powered by Mastercard.
Mastercard's Indian-American President and Chief Executive Officer Ajay Banga will step down from his role and assume charge as Executive Chairman of the Board of Directors, as the payments giant announced Michael Miebach as the new CEO.
Mastercard has entered into a partnership with Federal Bank to offer identity check to the bank's cardholders, it said in an announcement.
We all use Debit/Credit card for transactions, but do we know what is Master Card or a Visa Card of for that matter RuPay? What mainly are the differences between these? Let’s read out a few of the points to know about the facts in an enhanced way.
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.
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