Mastercard

PPhonePe Payment Gateway has launched 'PhonePe PG Bolt' for Visa and Mastercard credit and debit card transactions, the company said on Saturday. The solution utilizes device tokenization to provide a secure and efficient in-app checkout experience for PhonePe platform users and merchant partners, the company said in a statement. Yuvraj Singh Shekhawat, Chief Business Officer of Merchant Business at PhonePe, said that the launch of PhonePe PG Bolt feature for Visa and Mastercard is a significant step in the company's journey to simplify digital payments for millions of Indians. "By leveraging device tokenization, we will enable users and merchants to move away from the traditional, cumbersome checkout process to a secure, one-click payment experience. This not only enhances user convenience but also empowers our merchant partners to maximize their growth through industry-best success rates and reduced drop-offs," he said. The new feature allows users to tokenize their Mastercard an

The settlement calls for Visa and Mastercard to lower swipe fees, which are now typically 2per cent to 2.5per cent, by 0.1 percentage points for five years

PhonePe and Mastercard have launched contactless tap-and-pay payments for Indian cardholders using NFC-enabled Android smartphones at merchant outlets in India and abroad

Still, displacing card networks won't be easy, especially in the US, where consumers are used to rewards, fraud protection and credit access - perks not easily replaced

Tickets can be purchased using all Mastercard cards issued globally, including credit, debit, and pre-paid cards.

Several payment aggregators are said to have misclassified merchants, typically in the retail category, under utility - a segment that traditionally draws lower interchange rates

Mastercard has collaborated with City Union Bank (CUB) to launch its first passion cards in India

Launched in 2016, the Unified Payment Interface (UPI) accounted for 83% of India's digital payments volume in 2024, up from 34% in 2019, and dominates the domestic retail payments sector

China reassures foreign investors amid geopolitical tensions, urging open markets and promising a better business environment at the China Development Forum

Mastercard's net income rose to $3.34 billion, or $3.64 per share, in the three months ended Dec. 31, compared with $2.79 billion, or $2.97 per share

The bank has unveiled its first premium credit card, HSBC Prive, designed with privileges exclusively curated for its private banking clients

Spends are 20% higher than traditional cards

The new Pune Tech Hub augments Mastercard's growing presence in India, which spans offices in Gurugram, Mumbai, Hyderabad, Bengaluru, and Vadodara

Citigroup, too, has recognized this shift, similarly enabling cross-border payments to digital wallets and other endpoints

The acquisition will bring expanded threat intelligence capabilities to the New York-based payments firm, which recorded $9 trillion in gross dollar volumes last year

From September 6, credit cardholders in India get to choose their preferred card network. Watch the video to find out how this change affects you.

Mastercard cardholders can tokenize their existing cards and make transactions up to Rs 5,000 using the Crest Pay application on their boAt smartwatches.

The Payment & Clearing Association of China is proposing lowering the fees charged on foreign card transactions to 1.5% from between 2% and 3%, the report said

The company may seek a valuation of more than $6 billion in an IPO, the people said, asking not to be identified because the matter is private

U.S. District Judge Margo Brodie in Brooklyn told lawyers for the card networks and objectors at a hearing on Thursday that she will "likely not approve the settlement," according to court records