MasterCard – BOL News Staging

UK lawmakers tell Visa and Mastercard to justify fee rises

July 15, 2022 by Abdul Hadi

The Payment Systems Regulator (PSR) informed the Treasury Committee last week that the market was “not working well”. The corporations were allegedly increasing interchange costs paid by businesses to card issuers when a card is used. Legislators in Britain have already examined fee increases. Following concerns from the nation’s payments authority, a committee in the … Read more

Russians rally behind Putin in the face of sanctions over Ukraine

April 11, 2022 by Muhammad Zubair

Advertising producer Rita Guerman, like many other members of Russia’s affluent middle class, had long been critical of Kremlin strongman Vladimir Putin. However, she has altered her mind on Putin after Western sanctions were imposed in response to his decision to commit soldiers to Ukraine in late February. “I have opened my eyes,” said the … Read more

Jazz appoints Atyab Tahir as JazzCash CEO

March 15, 2022 by Shaista Zafar

ISLAMABAD: Jazz, Pakistan’s leading digital operator, part of Veon Group, announced the appointment of Atyab Tahir as the CEO of JazzCash with effect from May 1, 2022, a statement said. Tahir, currently serving as the country manager of MasterCard Pakistan and Afghanistan, has over two decades of international experience in banking and consulting. He has … Read more

Mastercard announces Women SME Leaders Awards

March 6, 2022 by Muhammad Zubair

KARACHI: Mastercard has announced the inaugural of Women SME Leaders Awards 2022, to recognise and further empower women-owned and run SMEs in Pakistan, Middle East and Africa, a statement said. Small enterprises in trading owned and run by women and with a turnover of less than $13.6 million (AED50 million) and employing between six to … Read more

Visa, Mastercard, Amex block Russian banks after sanctions

March 2, 2022 by Muhammad Zubair

NEW YORK: US credit card giants Visa, Mastercard and American Express said they were blocking Russian banks from their payment networks following international sanctions in response to Moscow’s invasion of Ukraine. “As a result of sanction orders, we have blocked multiple financial institutions from the Mastercard payment network,” Mastercard Chief Executive Michael Miebach said in … Read more

Mastercard expands its business intelligence platform in MEA region

February 27, 2022 by Muhammad Zubair

KARACHI: Mastercard has announced the expansion of its new interactive business intelligence platform Mastercard Market Trends in the Middle East and Africa, a statement said on Thursday. The new platform provides a comprehensive view of payments insights, competitive intelligence and industry trends for banks and financial institutions across the world and now within the Middle East and … Read more

UK regulator fines Mastercard, others for prepaid cards cartel

January 18, 2022 by Muhammad Zubair

LONDON: Britain’s payments regulator on Tuesday fined five payments companies including Mastercard a total of 33 million pounds ($45.01 million) for cartel behaviour involving prepaid cards issued to vulnerable people on welfare benefits, Reuters reported. Mastercard received the largest fine of 31.56 million pounds ($43.04 million). The other companies fined were allpay, Advanced Payment Solution, Prepaid Financial … Read more

SMEs in MEA say digitalisation essential for business: report

December 15, 2021 by Roman Ahmed

KARACHI: The Small and medium enterprises (SMEs) across the Middle East and Africa (MEA) region are recognising digitalisation as essential to stay competitive in the economic environment, a white paper by Mastercard showed. SMEs are recognising the practical benefits of digitalisation in day-to-day operations, as opposed to viewing it as a long-term project for the … Read more

Mastercard, LMKR to simplify commuter experience

December 3, 2021 by Muhammad Zubair

KARACHI: Mastercard has announced a strategic partnership with LMK Resources Pakistan (Private) Limited (LMKR) to oversee the deployment of the country’s first open-loop transit payment solution, a statement said The collaboration will enable commuters to top-up and pay their transit fares simply by using their debit and credit cards or digital wallets, eliminating the need … Read more

Amazon bans to receive payment from the UK- issued visa credit cards

November 17, 2021 by Shaista Zafar

From January 19th, 2022, Amazon will no longer accept payments made using Visa credit cards issued in the United Kingdom. Customers will continue to be able to use Visa debit cards issued in the United Kingdom, as well as MasterCard, American Express, and other credit cards. Amazon is refusing to accept Visa credit cards from … Read more

Mastercard partners with One Network to digitalise road toll payments

November 9, 2021 by Gohar Ali Khan

KARACHI: Mastercard has signed a strategic partnership with the Pakistani intelligent transport systems provider, One Network, to digitalise the country’s road toll payments network, an official said. The partnership was signed at the Pakistan Pavilion in Expo 2020 Dubai, where Mastercard is the official payment technology partner, in the presence of Frontier Works Organisation, Pakistan’s … Read more

Mastercard rolls out new program ‘buy now, pay later’

September 28, 2021 by Suhaib Ahmed

Mastercard on Tuesday introduced a new program called ‘buy now, pay later’ (BNPL), which will allow users to pay for online and in-store purchases through equal and interest-free instalments. The Mastercard said that this instalments program will be available in markets across the United States, United Kingdom and Australia. The company said that the Installments … Read more

Mastercard purchases cryptocurrency intelligence company

September 10, 2021 by Syed Ahad

Mastercard remains to strengthen its digital asset abilities, purchasing cryptocurrency intelligence firm CipherTrace.

CipherTrace analyses huge amounts of authorized blockchain transactions to build up insight on more than 900 cryptocurrencies.

Mastercard states that by mixing this with its own cybersecurity technology, it can give companies superior transparency into the crypto space, serving them to understand risks and achieve their digital asset regulatory and compliance obligations.

President, cyber and intelligence, Mastercard, says:

“With the rapid growth of the digital asset ecosystem comes the need to ensure it is trusted and safe. Our aim is to build upon the complementary capabilities of Mastercard and CipherTrace to do just this.”

Qatar Holding acquires minority stake in Airtel Africa’s business

July 30, 2021 by Web Desk

LONDON: Airtel Africa has signed an agreement under which Qatar Holding LLC, an affiliate of the Qatar Investment Authority (QIA), will invest $200 million in Airtel Mobile Commerce BV (AMC BV), a subsidiary of Airtel Africa Plc, a statement said. The Airtel Mobile Commerce BV (AMC BV) is the holding company for several Airtel Africa’s … Read more

Mastercard Strives to Take the Lead in Crypto Markets

July 29, 2021 by Syed Ahad

Mastercard (MA), the world’s largest payments company, wants to make it easier for people to acquire, spend, and hold cryptocurrencies.

Mastercard also wants to be a major player in the Decentralized Finance (DeFi) with cryptocurrencies developer ecosystem.

Mastercard’s Start Path program is now open to startups and entrepreneurs who are focused on crypto and digital assets. The program allows new businesses to use the credit card network’s technology.

Mastercard established a Start Path global engagement program to support fast-growing digital assets, blockchain, and cryptocurrency startups, in order to make crypto holders’ transactional lives easier.

“As a leading technology player, we believe we can play a key role in digital assets, helping to shape the industry and provide consumer protection and security,” Mastercard’s executive vice president of new digital infrastructure and fintech, Jess Turner, said.

The Start Path program will provide cryptocurrency companies access to Mastercard’s most up-to-date tools and solutions, allowing them to scale their innovations and cutting-edge technology.

“These startups use the program to connect with our ecosystem of banks, merchants, partners, and digital players across the globe to deliver new solutions,” Mastercard explained.

[embedpost slug=”bitcoin-will-be-a-key-part-of-twitters-future-according-to-jack-dorsey”]

Menu

Latest

Entertainment

Lifestyle