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Mastercard submits new audit to India after ban over data handling

Finance

30 July, 2021

Mastercard submits new audit to India after ban over data handling

Mastercard has submitted a new audit report to India's central bank, it told Reuters, as it seeks to overturn a ......

India bans Mastercard from issuing new cards in data storage row

Finance

14 July, 2021

India bans Mastercard from issuing new cards in data storage row

  The Reserve Bank of India (RBI) on Wednesday indefinitely barred Mastercard Inc from issuing new debit or credit cards to ......

Grapevine: ChrysCap to invest in Corona Remedies; Plum Insurance to raise funding

General

05 April, 2021

Grapevine: ChrysCap to invest in Corona Remedies; Plum Insurance to raise funding

Homegrown private equity fund ChrysCapital is looking to grab a 30% stake in drug manufacturer Corona Remedies for about Rs ......

Mastercard invests $100 mn in Airtel Africa's mobile money biz

TMT

01 April, 2021

Mastercard invests $100 mn in Airtel Africa's mobile money biz

Global payments company Mastercard is set to invest $100 million (around Rs 733 crore) in the mobile money business of ......

Grapevine: Mastercard may invest in Airtel units; Practo eyes financial foray

General

14 January, 2021

Grapevine: Mastercard may invest in Airtel units; Practo eyes financial foray

Global payments processor Mastercard is in talks with Airtel Africa for a strategic investment in the latter’s mobile payments business, ......

Indians venture into US stocks as markets slump at home

Markets

29 April, 2020

Indians venture into US stocks as markets slump at home

More Indian investors are turning to U.S. stocks to escape tumbling markets at home and pick up exposure to global ......

Mastercard CEO Ajay Banga to step down after decade-long stint

Finance

26 February, 2020

Mastercard CEO Ajay Banga to step down after decade-long stint

Mastercard's chief executive officer of 10 years, Ajay Banga, will step down at the start of the next year, the ......

Mastercard bets on payments solutions firm Pine Labs

TMT

24 January, 2020

Mastercard bets on payments solutions firm Pine Labs

Payment solutions provider Pine Labs Pvt. Ltd has raised funding from Mastercard Inc., marking the second reported bet the global ......

Mastercard bets on digital identity solutions startup Syntizen

TMT

17 September, 2019

Mastercard bets on digital identity solutions startup Syntizen

Multinational payments technology company Mastercard Inc. has invested in software-as-a-services company Syntizen Technologies Pvt. Ltd in its latest bet on ......

RBI says foreign firms can process transactions abroad, but must store data in India

Finance

27 June, 2019

RBI says foreign firms can process transactions abroad, but must store data in India

Foreign payment firms such as Mastercard and Visa can process transactions made in India outside of the country but the ......