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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 which requires them to store transactions data of Indian customers within the boundaries of India.

May 13, 2019, 10:49 AM IST

Arun Jaitley says Mastercard, Visa losing out to local players in India

RuPay process payments between banks and merchants for purchases made with credit or debit cards, while UPI instantly transfers funds between two bank accounts linked to mobile phones.

Nov 09, 2018, 09:34 AM IST

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

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.

Nov 02, 2018, 14:41 PM IST

Mastercard ends meals-for-goals campaign with Neymar, Lionel Messi

Mastercard said it was changing a campaign in which thousands of free meals were to be given to the needy every time football superstars Neymar and Messi scored goals.

Jun 05, 2018, 11:15 AM IST

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

Soon, 'selfies' to verify online payments!

 MasterCard is experimenting with a smartphone app which allows people to confirm their identity and authenticate online transactions via a facial scan.

Jul 05, 2015, 13:30 PM IST