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Mastercard News

07 Sep 2024

RBI's New Rules Let You Pick Your Credit Card Network

RBI New Rules For Credit Card: Notably, the existing cardholders also have the option to switch networks during the renewal process, providing flexibility to select a different network if preferred.

15 Feb 2024

RBI Asks Visa, Mastercard To Stop Card-Based Commercial Payments

While Visa has acknowledged to a communication to this effect from the regulator on February 8, a response from Mastercard was awaited.

IDFC First Bank

15 Dec 2023

LIC Classic, LIC Select Credit Cards Launched; Has Insurance Of UpTo Rs 5L

LIC Classic and LIC Select, the credit cards will provide more than 27 crores policyholders across the country an opportunity to save in the form of reward points on every LIC insurance premium payment.

Fincare Small Finance Bank

31 Jul 2023

Fincare Small Finance Bank Introduces All-New Debit Card Along With Mastercard

Fincare Small Finance Bank said that the newly launched Mastercard debit card comes with a host of user-friendly features, ensuring safer and more convenient digital transactions for cardholders.

03 May 2023

Indian-American Ajay Banga Appointed As President Of World Bank

Banga, a finance and development expert, will take over the role on June 2. He was the sole contender to replace departing World Bank chief David Malpass whose term ends early next month.

World Bank president

23 Feb 2023

Indian-American, Ex-Mastercard CEO Ajay Banga Nominated To Lead World Bank

Ajay Banga, 63, currently serves as Vice Chairman at General Atlantic and previously, he was President and CEO of Mastercard.

04 Feb 2023

Mastercard's NFT Product Lead Chief Satvik Sethi Resigns, Citing Abuse and Emo

Satvik Sethi resigned from his post on Thursday. Sethi posted the cause of resignation on Twitter. He resigned from his post citing abuse and emotional suffering.

Credit Card System

24 Aug 2022

This work may have to be done after using a credit card

After taking a credit card, people ignore many things. Due to which they have to suffer a lot. In such a situation, important things should be kept in mind while using a credit card.

Reserve Bank of India

16 Jun 2022

RBI lifts restrictions on Mastercard, allows it to onboard new customers

RBI had barred Mastercard Asia / Pacific Pte from on-boarding new domestic customers. It had banned the company from onboarding new domestic customers onto its card network from July 22, 2021.

Nirmala Sitharaman

22 Apr 2022

FM Sitharaman meets heads of FedEx, Mastercard, others during US visit

The Finance Minister is in the US to attend IMF-WB Spring Meetings 2022.

Russia-Ukraine conflict

06 Mar 2022

Russian-Ukraine War: Visa, Mastercard suspend all Russian operations

Any Visa card issued by financial institutions outside of Russia will no longer work within the Russian Federation. Mastercard also decided to suspend its network services in Russia.

18 Nov 2021

Amazon to no more accept THIS credit card due to high transaction fees

In recent months, Amazon has introduced surcharges on customers using Visa credit cards in Singapore and Australia, citing high fees.

Nirmala Sitharaman

16 Oct 2021

Digitisation, Make in India discussed as Sitharaman meets top CEOs in New York

Sitharaman arrived here late Friday after her visit to Washington DC. She met Mastercard Executive Chairman Ajay Banga and Mastercard CEO Michael Miebach. PM Gati Shakti targets to cut logistic costs, increase cargo handling capacity and reduce the turnaround time.

15 Jul 2021

RBI bars Mastercard from issuing new cards from July 22

RBI's supervisory action will not impact the services of the existing customers of Mastercard. Mastercard is a payment system operator authorised to operate a card network in the country under the Payment and Settlement Systems Act, 2007. System providers also required to report compliance to RBI.

01 May 2021

COVID-19: THIS company is donating Rs 65 crore for 2000 beds

Mastercard is donating $8.9 million to American India Foundation (AIF). The grant is expected to help 2.5 million Indians get quality healthcare services. American India Foundation will also use the funds to set up 2,000 portable beds in India.

05 Mar 2021

Cryptocurrency trading volumes jumped 17% in February: Report

Cryptocurrency trading volumes soared by 17 per cent last month Smaller exchanges saw volumes slump by 36 per cent to $381 billion Volumes hit an all-time high of $159.9 billion on February 23

11 Feb 2021

Mastercard to allow cryptocurrency transactions; Here’s how to do it

Mastercard already offers a customer card that allows transactions using cryptocurrencies. It has also partnered with cryptocurrency firms such as Wirex and BitPay. The company plans to give prioritisation to consumer protections and compliance in its own plans, said Raj Dhamodharan.

13 May 2019

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.

09 Nov 2018

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.

02 Nov 2018

Mastercard lodged US protest over Modi's promotion of 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.

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