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
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
Visa Inc, Mastercard Inc, PayPal Holdings Inc and Uber Technologies Inc to back Facebook’s new cryptocurrency.
14 Jun 2019 11:59 AM
Protectionism concerns 'are small hurdles you have to go through', said Fairfax Financial chairman Prem Watsa.
25 May 2019 5:55 PM
Mastercard recently announced an investment of USD one billion over the next five years on increasing infrastructure.
16 May 2019 4:04 PM
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
This investment will help foster innovation, increase Mastercard's speed-to-market capabilities and value-added services.
07 May 2019 10:41 AM
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 and its closest rival Mastercard have proposed a 0.2 percent fee on non-EU debit card payments.
05 Dec 2018 12:32 PM
For online payments, debit card charges would be 1.15 percent and 1.50 percent for credit cards.
04 Dec 2018 6:01 PM
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
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
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
Payments processors and card companies use rebates and incentives to forge alliances with banks and merchants.
31 Oct 2018 11:50 AM
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
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
The RBI’s directive comes as more people in India are switching to credit cards.
06 Aug 2018 7:23 AM
MasterCard CEO lauds note ban, GST but wants India to focus on AI.
25 Jul 2018 12:49 AM
RBI would compel global payment firms to store customer data only locally.
12 Jul 2018 8:55 AM
Easing the proposal would be a relief for firms including MasterCard, Visa and American Express.
12 Jul 2018 7:46 AM