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Axis Bank partners with Mastercard to launch NFC Soundbox

Axis Bank partners with Mastercard to launch NFC Soundbox

Wed, May 29, 2024

The bank said that the device will be powered with a dual confirmation feature, providing audio cues through its speaker and visual feedback on the screen in more than seven languages, ensuring a smooth and reassuring transaction experience for both merchants and consumers.

RBI asks Visa, Mastercard to stop card-based commercial payments

RBI asks Visa, Mastercard to stop card-based commercial payments

Wed, Feb 14, 2024

According to industry sources, RBI directions to Visa and Mastercard have been issued due to concerns over non-compliance with KYC norms.

Rohit Sharma unveils India's first numberless prepaid student ID card in collaboration with LEO1, MasterCard

Rohit Sharma unveils India's first numberless prepaid student ID card in collaboration with LEO1, MasterCard

Mon, Feb 12, 2024

Powered by Mastercard, the new card will ensure a safe and secure payment experience for students, contributing to the shared vision of LEO1, Mastercard, and NSDL Payments Bank to promote digitization of financial transactions at educational institutes.

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Point of Sale (PoS) machine: Mastercard, Mosambee launch Android-based multi-utility ‘SamosaPoS’ - How it works

Point of Sale (PoS) machine: Mastercard, Mosambee launch Android-based multi-utility ‘SamosaPoS’ - How it works

Wed, Jan 09, 2019

To enhance acceptance and penetration of digital payments in India, Mastercard and Mosambee, a payment solution company on Wednesday launched ‘SamosaPoS’, an Android based multi-utility point of sale (PoS) machine.

Mastercard card holders alert! Your data will soon be deleted from global servers - what it means for users

Mastercard card holders alert! Your data will soon be deleted from global servers - what it means for users

Mon, Dec 17, 2018

In response to a new regulation issued by the Reserve Bank of India (RBI) in April this year, global card payments major Mastercard has proposed a certain date from which it will start deleting data of Indian cardholders from global servers.

OBOPAY partners with Federal Bank, Mastercard, unveils pre-payment instrument for enterprise customers

OBOPAY partners with Federal Bank, Mastercard, unveils pre-payment instrument for enterprise customers

Wed, Dec 12, 2018

Global financial technology company, OBOPAY, today announced the launch of a new generation pre-payment instrument in partnership with Federal Bank and Mastercard.

OBOPAY partners with Federal Bank, Mastercard to unveil pre-payment instrument for enterprise customers

OBOPAY partners with Federal Bank, Mastercard to unveil pre-payment instrument for enterprise customers

Wed, Dec 12, 2018

Users can use the OBOPAY card for multiple payments such as, bank accounts for using salary, digital wallets for payments, food coupons for food coupons, and insurance cards for insurance claim.

On notebandi anniv, Arun Jaitley dishes out debit, credit cards lesson for Mastercard, Visa

On notebandi anniv, Arun Jaitley dishes out debit, credit cards lesson for Mastercard, Visa

Fri, Nov 09, 2018

India's finance minister said on Thursday that Mastercard and Visa were losing market share to domestic payments networks, months after Mastercard complained to the U.S. government that Prime Minister Narendra Modi was using nationalism to promote a local rival.

Big win for India! Credit card major Mastercard rushes to obey govt order; your data safe now, but Visa, American Express still defiant

Big win for India! Credit card major Mastercard rushes to obey govt order; your data safe now, but Visa, American Express still defiant

Wed, Oct 31, 2018

Global card payments giant Mastercard is storing its new Indian transaction data locally, the company said on Tuesday, as it starts to comply with a regulatory directive which U.S. companies unsuccessfully lobbied hard to dilute.

RBI data localisation: Why bank credit card users shouldn't worry

RBI data localisation: Why bank credit card users shouldn't worry

Tue, Oct 16, 2018

Amid speculations that the ongoing tussle with fintech companies like Mastercard and Visa with the Reserve Bank of India (RBI) over data localisation issue may hit users, reports suggest otherwise.

Credit card alert! Do you have these cards? RBI may continue crackdown

Credit card alert! Do you have these cards? RBI may continue crackdown

Sun, Oct 14, 2018

The RBI will not relax the October 15 deadline for global financial technology ( fintech ) companies to comply with its data localisation norms in the public interest, according to sources.

India cannot create a million jobs only from manufacturing: Mastercard CEO Ajay Banga

India cannot create a million jobs only from manufacturing: Mastercard CEO Ajay Banga

Tue, Jul 24, 2018

Emphasising that India should focus on productivity to ensure robust GDP growth, Mastercard president and CEO Ajay Banga cautioned that the country cannot depend on manufacturing alone to create one million jobs a month which it is aspiring for.

Mastercard to repurchase up to $4 billion of its shares

Mastercard to repurchase up to $4 billion of its shares

Tue, Dec 05, 2017

Payment processor Mastercard Inc said on Monday it would buy back up to $4 billion of its class A shares. The new share repurchase program will be effective at the completion of the company`s previously announced $4 billion share repurchase program, Mastercard said.

Positive on India-made SE iPhones, app developers, says Apple CEO Tim Cook to Modi

Positive on India-made SE iPhones, app developers, says Apple CEO Tim Cook to Modi

Mon, Jun 26, 2017

In his recent meet with Indian prime minister Narendra Modi, Apple CEO Tim Cook has said that his company is positive about the production of iPhone SE in Bengaluru and added further that App developers in India have created close to 100,000 apps for the App Store.

Excited to keep investing, growing in India, says Amazon CEO Jeff Bezos

Excited to keep investing, growing in India, says Amazon CEO Jeff Bezos

Mon, Jun 26, 2017

Amazon CEO Jeff Bezos during his recent meet with Indian prime minister Narendra Modi in the US has said that his meeting with Modi was terrific and he was excited to keep investing and growing in India.

Samsung officially launches Samsung Pay in India

Samsung officially launches Samsung Pay in India

Wed, Mar 22, 2017

Samsung Electronics on Wednesday officially announced the launch of Samsung Pay in India. The company had earlier during the month unveiled the mobile payment platform and had already opened for registrations in India on its official website.

State-backed rivals force India's e-payment firms like Paytm, MobiKwik, FreeCharge, others to step up

State-backed rivals force India's e-payment firms like Paytm, MobiKwik, FreeCharge, others to step up

Fri, Mar 10, 2017

India's state sponsored e-payment services have forced mobile wallet companies like Paytm, MobiKwik, Freecharge others to step up their services to gather more customers.

BharatQR launched; here’s what it is all about

BharatQR launched; here’s what it is all about

Mon, Feb 20, 2017

The government of India on Monday approved the functioning of an independent Payment Regulatory Board at the launch of BharatQR code held today.

Mastercard eyeing to tap growing Indian e-commerce market

Mastercard eyeing to tap growing Indian e-commerce market

Mon, Jan 30, 2017

The company is eyeing to tap movie launches and sponsoring local sports as a part of its marketing campaigns

Indian consumers most optimistic in Asia Pacific: Mastercard

Indian consumers most optimistic in Asia Pacific: Mastercard

Mon, Jan 16, 2017

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.

Know everything about how to use Aadhar app to make payments

Know everything about how to use Aadhar app to make payments

Sun, Dec 25, 2016

With its vision to make India's cashless economy, the government is set to launch 'Aadhaar Payment App' on Sunday.

RuPay card usage jumps nearly 119% in first week of demonetisation

RuPay card usage jumps nearly 119% in first week of demonetisation

Sat, Dec 03, 2016

RuPay card usage jumped by over 118.6% in the week following demonetisation that took effect from November 8 mid-night while the overall debit and credit card transactions recorded an increase of 70.5%.

ICICI Bank, Kotak Bank, others issue SMSes to customers to curb financial fraud

ICICI Bank, Kotak Bank, others issue SMSes to customers to curb financial fraud

Thu, Oct 20, 2016

In a move to curb the ongoing financial data breach occurring via ATM, debit and credit cards, banks in India have started issuing SMS notifications to customers advising them to change passwords of their cards on an immediate basis.

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