‘Conflict of Interest’ may hit Mastercard and Visa’s NUE licence plans
As of now there's no clarity on whether Visa and Mastercard's presence in a New Umbrella Entity (NUE) for digital payments will be seen as conflict of interest.
Govt flags SBI-HDFC Bank-Bank of Baroda's NUE plan to rival NPCI
The government doesn't want public sector banks, which SBI and Bank of Barod...
Former US Ambassador to India Richard Verma joins Mastercard as executive VP
In this capacity, Verma will oversee the company's public policy...
Visa and Mastercard are firming up plans to increase competition against NPCI
The companies – among the most valued financial entities on the planet – are pursuing partnership opportunities with prospective applicants of the central bank’s New Umbrella Entity (NUE) license, as per two sources aware of the talks.
MasterCard moves Delhi HC seeking a stay on payment of equalisation levy on digital transactions
The company referred to Section 165A (2) (i) of the Income Tax Act, which states that the levy is not payable when a permanent establishment exists.
Mastercard wants employees to make the choice, will allow them to work from home until pandemic is under control
The company said it wants employees to make the decision on when they feel comfortable returning.
Fortis Healthcare appoints Anil Vinayak as group chief operating officer
Vinayak has previously worked with Asian Paints, American Express, Mastercard International and Europe Assistance India. He last worked with Max Healthcare as senior director and chief operating officer of a section of the business. He holds a bachelor’s degree in economics from Panjab University and a post graduate diploma in management from the IIM, Ahmedabad.
Facebook weighs Libra revamp to address regulatory concerns
Since Facebook announced the Libra project, several central banks, including the Bank of England and the European Central Bank, have said they are exploring their own digital currencies. The overhaul is intended to ensure that the new payments network would be compatible, rather than in competition, with those projects.
Zomato enters fintech space, launches co-branded credit card with RBL, Master Card
The more premium Edition card is priced at Rs 3,000 (exclusive of taxes). Apart from the basic features such as Zomato credits on every purchase, the card holders will get lounge access at certain domestic airports and will offered a global Gold membership.
Mastercard CEO Ajay Banga to step down, insider Michael Miebach tapped
Banga, who took charge of the company just after the 2008-09 financial crisis, has seen the payment processor's revenue triple during his tenure as online shopping gained prominence around the world. He will be replaced by Chief Product Officer Michael Miebach.
‘UPI Chalega’ campaign to cast the net wider
The UPI, which is a real time fund transfer interface, has significantly scaled since its launch in August 2016 when 92,000 transactions worth Rs 3.1 crore were processed on the NPCI operated platform to over 1.3 billion transactions worth Rs 2.16 trillion in January 2020.
Talent acquisition is a focus area: Michael Fraccaro, MasterCard Chief People Officer
Talent acquisition will be one of the key areas of focus and we are focusing on the whole candidate onboarding experience.
Mastercard to double India headcount to 4,000 in 5 years
Mastercard recently announced an investment of $1 billion over the next five years on increasing infrastructure.
Indian customers to get new technology to tackle online frauds: Mastercard
Mastercard said it will provide its Indian customers cutting edge innovations to help them tackle rapidly growing online frauds, a top company official has said.
Visa, MasterCard lobby government to ensure they don’t lose out to homegrown apps like UPI, BHIM
Card companies are highlighting avenues such as QR codes and contactless payments as part of a bouquet of options to stay relevant in a cashless economy.