Mastercard News

Videos

Switch From Visa, Mastercard to RuPay; How Credit Card Portability Benefits You | Explained

Credit Card Portability is here! Now, you can choose your credit card network. RBI, in its latest circular, asked banks to extend the choice of a network to customers. In this video, we will tell you why this is a good decision and how this will benefit not just you but accelerate the adoption of the built-at-home Rupay network. Watch.

6 Jul 2023
News

Who is Ajay Banga, the first Indian-American to lead World Bank? 5 points

The US government nominated Ajay Banga for his expertise in handling global challenges including climate change, which is the topmost priority for it. World Bank is often criticized for being hostile to undeveloped nations.

2 min read3 May 2023
Companies

Mastercard profit beats estimates as lower costs soften spending hit

Mastercard reported a 45% drop in cross-border volume on a local currency basis in the quarter as travel ban persisted due to the pandemicNet income fell about 31% to $1.42 billion while shares rose by 1.41% in premarket trade

1 min read30 Jul 2020
Companies

Mastercard to invest ₹250 cr to help Indian SMEs amid COVID-19 crisis

The investment, which is over and above the USD 1 billion committed for the Indian market till 2025, will be focussed on helping small businesses go digitalInvestment is part of a global commitment of USD 250 million (roughly ₹1,875 crore) following the COVID-19 pandemic

1 min read9 Jul 2020
News

SBM Bank India, Mastercard to facilitate cross border transactions, remittances

Mastercard in association with SBM bank has given a green signal to cross border transaction regarding remittances and payments for multiple reasons

1 min read6 Jul 2020
Industry

Inside Wirecard, a deposit-taking bank helped fuel growth

To fuel its growth, Wirecard has been paying depositors attractive interest at a time when traditional banks increasingly started to pass on negative rates

2 min read30 Jun 2020
Companies

Card, contactless payments pick up

Data for May shows that credit card spending is rising and new card issuances have also increasedOnline spends have been going up and there is a shift in payment from cash to digital, says SBI Cards MD and CEO Hardayal Prasad

2 min read27 Jun 2020
News

Mastercard, Axis Bank, Worldline launch digital payment solution for kiranas

The solution allows merchants to accept payments through various digital form factors including Bharat QR, sending payment links to customers to boost contactless payments in the country

2 min read4 Jun 2020
Companies

Mastercard’s next CEO to continue company’s push beyond cards

Michael Miebach will become president on March 1, then chief executive next January

3 min read26 Feb 2020
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Companies

Mastercard CEO Ajay Banga to step down, insider Michael Miebach tapped

Michael Miebach will also get a seat on the board at the company, based in Purchase, New YorkWhile Ajay Banga, who took over as CEO in April 2010, will become executive chairman, Miebach will take over as the company’s president on March 1

1 min read25 Feb 2020
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Budget

The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared

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