MasterCard Financial News

Bank of America research for IPO hopeful Cuscal Limited landed in front of investors, valuing the end-to-end payments outfit at as much as $736 million.

Crypto payment service provider Wirex announced the launch of a zero-knowledge proofs-based non-custodial crypto debit card service called W-Pay.

(Reuters) — Online sales during the crucial U.S. holiday season are expected to rise 4.8% from a year earlier as retailers go all out to woo inflation-hit consumers with even bigger discounts and promotions, a report from Adobe (NASDAQ:ADBE) Analytics showed on Thursday.

ICC World Cup starts, the global cricket body has released a series of stringent advisories and guidelines for brands, sponsors and partners leveraging the tournament, clamping down on all unauthorised associations. The clampdown comes amid dozens of brands across sectors including consumer goods, e-commerce, travel, gaming, hospitality and others firming up associations with the mega event. “It is evident that many people are eager to use the ICC IPR (intellectual property rights) to boost their business activities by marketing their products in connection with the event. The ICC is aware of businesses seeking to gain an unauthorised association with the event,” the ICC or the International Cricket Council, wrote in detailed updates on its website. ICC’s sponsors include MRF Tyres, Booking.com, Mastercard, Bira, Thums Up, Nissan, Oppo, Royal Stag and Dream 11.

ICC Men's Cricket World Cup, which begins in India on October 5, people aware of the development told ET. The world cricket governing body has 20 sponsors and partners for ICC World Cup 2023. It has six global partners that are paying $8-10 million for these sponsorship slots.

The demand for RuPay credit cards rose 37% quarter-on-quarter (q-o-q) in July-September due to a rise in demand in tier 2, tier-3, and tier-4 towns and cities, according to a recent study by financial technology platform Zet.

Amazon said on Tuesday that it will hire 250,000 full and part-time workers for the holiday season, a 67% jump compared to last year

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Cuscal Limited, the end-to-end payments outfit owned by MasterCard, Bendigo and Adelaide Bank and most of the big credit unions, is busy scheduling investor meetings ahead of its mooted ASX float.

Mastercard, the world's second-largest payments network, said India's Unified Payments Interface (UPI) is a loss-making proposition for the players in the ecosystem even as it driving digitisation in the country. «UPI is fantastic at many levels in terms of what it has done to create digitisation in the economy. It is an incredibly painful experience for ecosystem participants, who all end up losing money as part of that proposition.

Digital assets exchange BTSE has launched a crypto payments card, which enables crypto-to-fiat purchases at any of Mastercard’s 53 million merchants in 210 countries.

CNBC TV18. Kumar's remuneration has surged 3x by serving the board seats at various listed firms such as L&T, Hero Motocorp, Amuja Cements, etc. The Ex-SBI chief also holds board seats at BharatPe, LTIMindtree, and Brookfield India Real Estate Trust.

leadership team led by Gautam Aggarwal, Division President for South Asia & Country Corporate Officer, India, in navigating the domestic payments landscape, Mastercard said in a statement. The veteran banker has nearly four decades of experience in India's largest bank.

₹326.80 crore in 2019. Paytm was to fork out ₹3.8 crore per match, about 58% higher than the earlier ₹2.4 crore deal, but in July 2022, the company requested BCCI to assign the rights to Mastercard till March 2023.

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Mastercard and Invest India announced the launch of an enhanced priceless.com programme in India on Tuesday. Mastercard said the programme is aimed at 'redefining' experiential travel in India and has been launched with the support and guidance from the tourism ministry. The priceless.com launch in India is an extension of Mastercard’s global priceless platform that offers over 2,000 curated experiences for Mastercard cardholders in over 40 countries. As per the Mastercard Economics Institute’s Travel Industry Trends 2023, consumer spending on experiences at travel destinations has seen a sharp increase of 65% in comparison to March 2019, owing to the pent-up demand for travel.

Tiger Global-backed fintech unicorn Razorpay has acquired Mumbai-based JHKP Technologies Pvt. Ltd, which operates digital invoicing and customer engagement platform BillMe, in a bid to expand its offline business. Razorpay didn’t disclose the financial details of the transaction.

NEW DELHI : The World Bank’s vision is being redefined to eradicate poverty on a “liveable planet" as part of ongoing reforms, its president Ajay Banga said on the sidelines of the New Delhi G20 summit, which has pledged to make multilateral lending work for poverty. “There’s a lot of work going on with the World Bank on the reform agenda.

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(Reuters) — Mastercard (NYSE:MA) on Tuesday denied a media report that this fall the payments processing giant is planning to increase credit card fees, which many merchants pay when they accept customers' credit cards.

Mastercard and Binance originally announced beta tests in Argentina just one year ago. The card allowed Binance users to convert cryptocurrencies into fiat currency in real-time at the point of purchase.