Credit cardholders in India now have the option to choose their preferred card network, which includes Mastercard, RuPay, or Visa, when applying for a new card or renewing an existing one. This change aligns with the Reserve Bank of India’s (RBI) efforts to expand customer choice and promote competition within the digital payments sector. In … Read more
Credit card rules: From tomorrow, i.e. September 6, 2024, credit card holders will have the freedom and flexibility to choose their card network. From now on, credit card users can choose their choice of card network from the available ones — Visa, MasterCard, RuPay — while applying for a new credit card or renewing the … Read more
Bitcoin’s rally to near a record high is reawakening animal spirits — not just in the cryptocurrency market itself, but in the broader financial world that had left the digital asset sector for dead last year. The change of heart can be seen in the improved outlook for deal flow, highlighted by Robinhood Markets Inc.’s … Read more
As of October 1, the Government of India has implemented a 20% Tax Collected at Source (TCS) on all foreign tour packages. This measure, having been in place for two months now, is expected to change the dynamics of international tourism in the country. Rajnish Kumar, Chairman of Mastercard India, was speaking during a discussion … Read more
Mumbai: The Reserve Bank of India barred Mastercard Inc. from issuing new cards in India after it found the US-based payments major was storing customers’ data on servers located outside the country and also failing to erase from overseas servers the Indian leg of the transactions data within 24 hours as mandated, three sources aware … Read more
By Joanna Ossinger and Eric Lam Bitcoin reached another record, coming ever closer to $50,000, as the world’s largest cryptocurrency extends its breathtaking rally. The token climbed as much as 3.6 per cent to $49,913 in Asian trading Tuesday, according to a composite of prices compiled by Bloomberg. Bitcoin’s volatile, fivefold advance over the past … Read more
Following the Times’ column, Mastercard (MA) launched an investigation into the claims against Pornhub and said it found them to be substantiated. “The use of our cards at Pornhub is being terminated. Our investigation over the past several days has confirmed violations of our standards prohibiting unlawful content on their site,” Mastercard said in a … Read more
A 14 billion pound ($18.5 billion) class action against Mastercard for allegedly overcharging more than 46 million people in Britain over a 15-year period was on Friday given the green light by the UK Supreme Court. The judgment dismisses an appeal by Mastercard, sets the scene for Britain’s first mass consumer claim brought under a … Read more