‘UPI Chalega’ campaign to cast the net wider
The UPI, which is a real time fund transfer interface, has significantly scaled since its launch in August 2016 when 92,000 transactions worth Rs 3.1 crore were processed on the NPCI operated platform to over 1.3 billion transactions worth Rs 2.16 trillion in January 2020.
Talent acquisition is a focus area: Michael Fraccaro, MasterCard Chief People Officer
Talent acquisition will be one of the key areas of focu...
Mastercard to double India headcount to 4,000 in 5 years
Mastercard recently announced an investment of $1 billion over the next five years o...
Data localisation: RBI may not penalise cos for not meeting deadline, for now
Most of those operating in the digital payments space have either complied with or submitted a timeline.
Can’t levy local taxes on MNCs using franchises, rules Income Tax tribunal
Giving its ruling in the case of Domino’s Pizza, the tribunal held that the firm is a US-based company and cannot be subjected to Indian taxes.
Court blocks $18 billion British class action against MasterCard
MasterCard welcomed the judgment, saying the claim was "completely unsuitable" to be brought under the collective action regime.
Indian customers to get new technology to tackle online frauds: Mastercard
Mastercard said it will provide its Indian customers cutting edge innovations to help them tackle rapidly growing online frauds, a top company official has said.
MDR fee waiver: Jan Dhan's mascot gets a jolt
Digital payments have grown by leaps and bounds since PM Modi embarked on a drive for financial inclusion.
AI to Robotics: Asia debut of Mastercard's Money 20/20 augurs a tech-rich payments sector
Sponsored by Mastercard, the three-day event had rounded up the crème de la crème of the world's top financial institutions, investor bodies and emerging fintech enterprises.
India far behind US, China in parity for women entrepreneurs: Report
India is only ahead of Iran, Saudi Arabia, Algeria, Egypt, and Bangladesh, out of the 57 countries surveyed, according to the Mastercard Index of Women Entrepreneurs (MIWE) report.
Most young people in urban areas use e-wallets, survey finds
The Fintech sector is seeing interest from both the government as well as the consumers.
SBI, NPCI seek ‘Visa power’ for RuPay cards
Zero MDR would disincentivise banks to issue RuPay cards and they would prefer its rivals, SBI has said.
We are looking for skills in R&D, innovation: Michael Fraccaro, MasterCard, CHRO
"We are looking for skills in innovation, R&D, analytics and data, and are looking for professionals with data analytics and AI skillsets for our Gurgaon centre."
MDR subsidy offer puts point-of-sale companies in a spot
To promote digital transactions, the government in December said that for two years it would bear some of the fees, known as MDR that merchants have to pay banks and other entities on payments made to them electronically.
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