Payments News

On The Web

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Companies

Mastercard unveils ‘sonic brand’

“Mastercard has introduced a ‘sonic brand identity’, a suite of sounds based around a melody that can be used in many different contexts to remind consumers they are dealing with the payments network. “Wherever consumers engage with Mastercard across the globe — be it physical, digital or voice environments — the distinct and memorable Mastercard melody […]
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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 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 […]
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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

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 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 Profit Rises 27 Percent As It Processes More Payments

“Mastercard Inc reported a 26.7 percent rise in quarterly profit on Tuesday, as a strong U.S. job market and a boom in online shopping boosted transaction volumes on the company’s payment network. Net income rose to $1.9 billion, or $1.80 per share, in the first quarter ended March 31 from $1.5 billion, or $1.41 per […]

On The Wires

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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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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 […]