Payments News

On The Web

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Companies

Payswiff, Mastercard Join Hands for Digital Payments in India

“Payswiff’s SET, a mobile application, allows individuals and business owners to accept payments using more than 60 payment options, including credit cards and debit cards, e-wallets, e-payment links, UPI, Bharat QR and multi-bank EMI. Mastercard will work with Payswiff on an omnichannel distribution strategy to provide the app, services and support in regional languages, especially […]
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Companies

Why India Is Key to Mastercard’s Success Across the World

“The global digital payment network Mastercard is betting big on India. The company has laid out a blueprint to invest Rs7,000 crore (nearly $1 billion) in the country over the next five years. This includes building a $350-million data processing centre—Mastercard’s first outside home country US. Out of the over 200 countries where it has […]
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Companies

Mastercard’s Top and Bottom Lines Benefit As Transaction Volume Jumps 20%

“Mastercard Inc. switched 20% more transactions on its worldwide network in the third quarter than it did a year earlier as purchase volumes remained strong and new growth markets generated more transactions. “Growth was broad-based,” Mastercard president and chief executive Ajay Banga said Tuesday morning during the company’s third-quarter earnings conference call with analysts.”
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Companies

Mastercard Teams up With SumUp to Serve Credit Demands of SMEs

“Mastercard has partnered with UK based Fintech SumUp , this partnership will increase the number of electronic payment acceptance locations across 27 European countries. In the next five years, Mastercard and SumUp will bring card acceptance to several micro, small and medium-sized companies (MSMEs) across Europe. SumUp’s partnership with Mastercard will enable small and medium-sized […]
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Companies

Mastercard Joins Blockchain-Powered Trade Finance Consortium Marco Polo

“Mastercard has joined Marco Polo, a consortium working to simplify global trade with blockchain technology. Announced Tuesday, the payments giant’s business-to-business global trade unit, Mastercard Track, will provide an access point to Marco Polo ’s working capital finance platform, which operates within a $1.5 trillion market, as estimated by the World Trade Organization.”
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Companies

Mastercard Still Sees Growth Opportunities in the U.S. Payment Market

“Many payment executives regard the United States as a mature market compared with high-growth countries in Asia and Latin America, but it still has plenty of untapped opportunities, according to Mastercard Inc. executives. Its home country remains Mastercard’s largest market. As of 2018, the U.S. accounted for 33% of Mastercard’s revenues—down from 39% in 2012—and […]

On The Wires

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Companies

Mastercard Strengthens Bill Payment Services With Acquisition of Transactis

“Mastercard (NYSE: MA) today announced it has entered into an agreement to acquire Transactis, a platform that helps businesses deliver bills and receive payments through one simple-to-navigate experience. In today’s digital age, a surprising 44 percent of the 15 billion bills that Americans pay each year are made by paper check or cash. Consumers who […]
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Companies

Mastercard Launches Accelerate to Supercharge Fintech Success

“Mastercard today launched Mastercard Accelerate, a global initiative that simplifies the way that Mastercard works with fintechs, giving them access to everything they need to grow quickly. Offering a simple, single entry-point to the company’s wide portfolio of specialized programs, Mastercard Accelerate gives start-ups and emerging brands support and assistance for every stage of their […]
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Companies

Mastercard Enables Banks and Merchants to Rapidly Innovate With New Digital Platform That Integrates Leading Fintech Solutions and Mastercard Capabilities

“The first solution built leveraging the Mastercard Innovation Engine focuses on contextually-relevant and personalized digital engagement and servicing. Created in collaboration with Flybits and Kasisto, the Mastercard Contextual Engagement Solution provides U.S. issuers and merchants a seamless digital channel for consumers to understand, interact and maximize their card benefits and rewards.”
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