Tuesday, May 30, 2023 | Last Update : 10:15 AM IST


MSMEs to get $100 mn fund for digitisation

HDFC Bank will reach beyond its current customer base to make 50 pc of this credit facility available to new small business borrowers

22 Oct 2021 7:31 AM

Mastercard partners with Razorpay to drive digital payments acceptance by small businesses

This partnership will help digital adoption and equip millions of businesses, said the Chief Innovation Officer of Razorpay

16 Feb 2021 11:50 PM

Axis Bank launches co-branded credit card with Flipkart, eyes 1 million new sales

The bank has 6.17 million credit cards in use, making it the fourth largest issuer in the country.

11 Jul 2019 8:02 PM

RBI to review data storage rules for payment firms: Government

All the companies who were represented in this meeting put forth their concerns related to RBI data storage requirements.

18 Jun 2019 12:36 PM

Facebook's cryptocurrency-based payments system gets big backers

Visa Inc, Mastercard Inc, PayPal Holdings Inc and Uber Technologies Inc to back Facebook’s new cryptocurrency.

14 Jun 2019 11:59 AM


Foreign investors hope India dials back policy shocks after Modi win

Protectionism concerns 'are small hurdles you have to go through', said Fairfax Financial chairman Prem Watsa.

25 May 2019 5:55 PM

Mastercard to double India headcount to 4,000 in 5 years

Mastercard recently announced an investment of USD one billion over the next five years on increasing infrastructure.

16 May 2019 4:04 PM

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.

13 May 2019 10:41 AM

Mastercard to invest USD 1 bn in India, plans to make country global tech node

This investment will help foster innovation, increase Mastercard's speed-to-market capabilities and value-added services.

07 May 2019 10:41 AM

MasterCard tweaks policy to disable auto-billing after free trials

The financial company has introduced a new policy as part of which, merchants will no longer be able to auto-bill you.

18 Jan 2019 10:38 AM


Visa, Mastercard offer to cap tourist card fees to end EU probe

Visa and its closest rival Mastercard have proposed a 0.2 percent fee on non-EU debit card payments.

05 Dec 2018 12:32 PM

Visa, Mastercard propose merchants' tourist card fee cut to end EU probe

For online payments, debit card charges would be 1.15 percent and 1.50 percent for credit cards.

04 Dec 2018 6:01 PM

Visa, Mastercard offer tourist card fee cut in EU antitrust probe

Even after the cut, the fees paid by merchants will still likely be higher than those for EU cards.

23 Nov 2018 11:38 AM

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

More than half of India’s 1 billion debit and credit cards now go through the RuPay payment system.

02 Nov 2018 11:26 AM

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

Modi has in recent years backed RuPay, whose rise has broken the dominance of US payment giants such as Mastercard and Visa.

02 Nov 2018 8:20 AM


Mastercard shares slide as quality of revenue growth disappoints

Payments processors and card companies use rebates and incentives to forge alliances with banks and merchants.

31 Oct 2018 11:50 AM

Mastercard says storing India payments data locally in face of new rules

Mastercard has started storing all its new payments transaction data in India at its technology centre in the western city of Pune.

31 Oct 2018 8:56 AM

US tech funds turn to Visa, Paypal as FANGs fade

Visa, for instance, is down 2.9 per cent over the last 3 months, compared with a 30 per cent plunge in Facebook.

25 Oct 2018 7:43 AM

India suggests storing copies of foreign payment firms' data a likely solution

The RBI’s directive comes as more people in India are switching to credit cards.

06 Aug 2018 7:23 AM

‘Manufacturing alone won’t create 10Lakh jobs’

MasterCard CEO lauds note ban, GST but wants India to focus on AI.

25 Jul 2018 12:49 AM