Page 6 - Mastercard

Mastercard ban: These 7 lenders are going to be hit hard by RBI's decision

Among credit card issuers including co-branded partners, RBL Bank, YES Bank and Bajaj Finserv lending will be most impacted, says Nomura

RBL Bank enters into agreement with Visa for issuing credit cards

The bank is expecting to start issuing credit cards on the Visa payment network post the technology integration, which is expected to take 8 to 10 weeks

Mastercard ban to hit Citi and RBL's customer acquisition the most

In India, there were over 900 million debit cards as on May 31, 2021, of which over 400 million were issued by Mastercard

RBI bars Mastercard from onboarding new customers in India from July 22

The ban is only on adding new domestic customers to its network; no impact on its existing customers

Top headlines: RBI setback to Mastercard; Infosys Q1 net profit rises 23%

Here are the top stories of the day

RBI restricts Mastercard from onboarding new domestic customers

The company has been found to be non-compliant with the directions on Storage of Payment System Data. However, these curbs will not impact existing customers

Razorpay, Mastercard launch MandateHQ for recurring payments

To help banks comply with RBI directive and provide convenience to banks' customers, Razorpay and Mastercard have partnered to launch MandateHQ, new recurring payment interface, after RBI's new rules

Richard Verma appointed as Mastercard's Head of Global Public Policy

Former US Ambassador to India Richard Verma has been appointed as General Counsel and Head of Global Public Policy of Mastercard, according to an announcement by the financial services corporation

Top headlines: GST collections at record high; chaos mars polling in Bengal

Business Standard brings you top news of the evening

Mastercard to invest about Rs 733 crore in Airtel Africa's mobile money biz

Sources privy to the development said Mastercard would get about 3.75 per cent stake in the company

Mastercard battles return of $19 billion UK class action on 'overcharging'

A London court will this week re-consider allowing an historic $19 billion class action against Mastercard to proceed, which could entitle adults in Britain to about 300 pounds each if successful

Mastercard, Razorpay partner to drive digital payments for small businesses

The tie-up aims to drive digital payments acceptance by small businesses and start-ups in the country

Mastercard beats Wall Street profit estimates as customers spend more

Excluding items, Mastercard reported net income of $1.6 billion for the quarter ended Dec. 31, or $1.64 per share, compared with $2 billion a year earlier, or $1.96 a share

Pine Labs launches AllTap app to turn phone into payment acceptance device

With AllTap, small merchants who aren't ready to invest in a traditional point-of-sale terminal can immediately start accepting digital payments on their NFC-enabled smartphone

Best of BS Opinion: De-fanging FAANG, Modi's index of alarm, and more

Here's a selection of Business Standard opinion pieces for the day

UK Supreme Court enables $18.5 billion class action against Mastercard

The judgment dismisses an appeal by Mastercard

Mastercard to investigate allegations of child abuse against Pornhub

Mastercard said on Sunday it was investigating allegations against Pornhub.com following a newspaper column which said many videos posted on the adult website depicted child abuse

Mastercard reviews ties with Pornhub after NYT columnist's complaints

Nicholas Kristof's column in the Times describing recordings of assaults and a naked video of a 14-year-old girl sparked outrage on social media

Ex-US Ambassador to India Richard Verma joins Mastercard as executive VP

In this capacity, Verma will oversee the company's public policy, regulatory affairs and litigation teams around the world, Mastercard said in a statement

Signzy, no code AI platform raises $5.4mn led by Arkam Ventures, Mastercard

Signzy''s existing investors, Kalaari Capital and Stellaris Venture Partners also participated in the current round, a statement said