RBI Asks Razorpay to Pause Onboarding Merchants
Fintech giant Razorpay has been asked by the Reserve Bank of India (RBI) to pause the onboarding of new online payment merchants after the central...
Tag : Mastercard
PhonePe Tokenises 14 Million Cards Ahead of RBI’s September 30 Deadline
PhonePe said Thursday that it had flagged 14 million credit and debit cards on its platform by the Reserve Bank of India’s (RBI) information security...
Nexo & Mastercard Launch World’s First Crypto-Backed Payment Card
Crypto lender Nexo has announced a partnership with global payments company Mastercard to launch the world’s first “crypto-backed” payment card. It signals the latest move...
PhonePe Announces Tokenise Cards on Visa, Mastercard and Rupay
PhonePe declares that it has become the first platform to tokenise cards on Visa, Mastercard and Rupay. PhonePe’s tokenisation solution ‘PhonePe Safecard’ will help businesses...
RBI Asks Lenders to Regularise Credit, Debit Card
The Reserve bank of India (RBI) has requested lenders to roll out business continuity plans (BCP) after it had banned Mastercard from issuing new credit,...
Mastercard Ban to Hit Citi And RBL’s Customer Acquisition
The Reserve Bank of India’s (RBI) ban on Mastercard is expected to hit customer acquisition of many banks, particularly those which issue credit and debit...
Mastercard to Infuse $ 100 Mn in Airtel Africa’s Mobile Money Business
Airtel Africa has announced that Mastercard would invest USD 100 million (about Rs 733 crore) in its wholly-owned subsidiary Airtel Mobile Commerce BV (AMC BV). Mastercard...
Flipkart, Mastercard, Nabard, and PayU To Own 30 Per Cent in Tata NUE
Walmart-owned Flipkart, Mastercard, PayU, and National Bank for Agriculture and Rural Development (Nabard) are planning to buy a 30 percent stake in Tata-promoted Ferbine, which...
Pine Labs raised Fresh Funds from Lone Pine Capital
Pine Labs today announced that it has raised fresh capital from private investment firm Lone Pine Capital in its latest funding round. With this round, the...
Mastercard to Invest Rs 250 Crore to Help Indian SMEs
Mastercard will invest Rs 250 crore in India to help reboot Small Micro Enterprises (SMEs) and enable business recovery. Their dependency on the cash-economy and supply chain disruptions...