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.
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.
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.
The world`s two largest credit and debit card companies, Visa Inc and MasterCard Inc , said on Friday they could no longer support bank cards being used in Crimea, following U.S. sanctions imposed earlier this month.
Mastercard CEO Ajay Banga, Microsoft CEO Satya Nadella and Harman International Chairman Dinesh Paliwal have been named among 50 global corporate heads by Fortune Magazine in its annual 'Businessperson of the Year' compilation.
Visa Inc and Mastercard Inc welcome China`s plans to open up its market for clearing domestic bank card transactions, as they stand to gain access to a growing market worth more than $1 trillion a year.