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Apple Expands Tap to Pay on iPhone to Austria, Sweden and More Countries
Apple is expanding its Tap to Pay for iPhone to more countries, the company announced on Tuesday. Now, business merchants in Austria, Ireland, Sweden and more countries will be able to use its services for accepting in-person and contactless payments without requiring any additional hardware.
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Mastercard, Swoo Pay Initiate Work to Offer Crypto-Based Loyalty Rewards: Details
Mastercard has reportedly decided to work with Swoo Pay, a mobile payments app focussed on emerging markets -- where people despite having access to Mastercard and Visa card, do not have access to Google Pay.
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Visa, Mastercard Asked To Stop Business Payments Via Fintech Platforms: Report
India's central bank has asked Visa and Mastercard to stop card-based business-to-business payments such as rents or money transfer to vendors routed through third party fintech firms, according to two sources familiar with the matter.
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Paytm Launches Card Soundbox That Accepts Both Mobile and Card Payments
One97 Communications, which owns the brand Paytm, on Monday launched its latest innovation – Card Soundbox, which is intended to empower merchants to accept both mobile and card payments across all Visa, Mastercard, American Express and RuPay networks.
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Binance Pulls the Shutter Down on Its Fiat-to-Crypto Platform Binance Connect a Year After Launch
Binance shut down its fiat-to-crypto platform Binance Connect on Wednesday. The company reportedly conducted an internal review of its service offerings and evaluated which ones were not bringing in the expected engagement. Binance Connect, unfortunately, did not make it to the list of services that the exchange decided to retain.
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American Express Welcomes RBI Move To Lift Restrictions In Key Market
Per the RBI norms, financial services companies like Visa, Mastercard, American Express and Diners Club have been required to store Indian payment data locally since October 2018.
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India’s Proposed IT Rules, Panel Formation for Content Moderation Decisions Concern US Tech Giants
India’s proposed plans making it mandatory for social media giants to comply with a newly formed government panel which will decide on user complaints against content moderation decisions has upset the American tech giants including Facebook and Twitter. The government has not specified who would be on the panel.
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Paytm Says Will Purge 28 Million Tokenised Visa, Mastercard, Rupay Cards by June 30
Digital financial services app Paytm said that it has tokenised 28 million cards across Visa, Mastercard and RuPay, and expects to purge saved card data by June 30.
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Mastercard Hints at Metaverse Foray, Files for 15 Related Trademarks
Mastercard is joining its contemporaries like Visa, JP Morgan, and HSBC in stepping up its metaverse game. The payments giant has filed for 15 trademarks surrounding its entry into the virtual universe. The company is looking to host educational seminars as well as social events and concerts in the metaverse, its patent applications reveal. It coul...
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American Express Plans Footprint in Metaverse and NFT Sectors, Files for Trademarks
American Express is planning to join its contemporaries — Visa, JP Morgan, and Mastercard in foraying into the web3 sector. The company has filed for trademarks around its plans to enter the metaverse and NFT zones. The New York-based company also plans to bring an NFT marketplace, its filing suggests.
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Opinion: Can India Really Overthrow Visa and Mastercard?
Long before the war in Ukraine, India's Prime Minister Narendra Modi decided that international card networks could be used as instruments of statecraft - and that he should channel the rising economic power of his country's 1.4 billion people.
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Visa, Mastercard Exit Russia Amid Business Freeze-Out Over Ukraine
Card payment giants Visa and Mastercard announced Saturday they will suspend operations in Russia, the latest major US firms to join the business freeze-out of Moscow over its invasion of Ukraine.
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New RBI Rules on Online Card Transactions to Now Take Effect From July 1, 2022
Under RBI guidelines, e-commerce platforms such as Amazon or Flipkart won’t be able to save customers’ card details any longer. Customers will have to enter their card details every time they carry out an online transaction. However, to avoid the hassle, customers can choose to tokenise their cards. Here are 10 key takeaways on the change.
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India Approves Rs. 1,300-Crore Plan to Promote RuPay Debit Cards, Rivalling Visa, Mastercard
India approved a Rs. 1,300 crore plan to promote domestic RuPay debit cards and low-value digital transactions to boost their use in marginalised populations, in a move which could challenge the clout of rivals like Visa and Mastercard.
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Visa Complains To US Government Over India's Preference To RuPay: Report
Visa has complained to US government that India's "informal and formal" promotion of domestic payments rival RuPay hurts the US giant in a key market
-
Apple Expands Tap to Pay on iPhone to Austria, Sweden and More Countries
Apple is expanding its Tap to Pay for iPhone to more countries, the company announced on Tuesday. Now, business merchants in Austria, Ireland, Sweden and more countries will be able to use its services for accepting in-person and contactless payments without requiring any additional hardware.
-
Mastercard, Swoo Pay Initiate Work to Offer Crypto-Based Loyalty Rewards: Details
Mastercard has reportedly decided to work with Swoo Pay, a mobile payments app focussed on emerging markets -- where people despite having access to Mastercard and Visa card, do not have access to Google Pay.
-
Visa, Mastercard Asked To Stop Business Payments Via Fintech Platforms: Report
India's central bank has asked Visa and Mastercard to stop card-based business-to-business payments such as rents or money transfer to vendors routed through third party fintech firms, according to two sources familiar with the matter.
-
Paytm Launches Card Soundbox That Accepts Both Mobile and Card Payments
One97 Communications, which owns the brand Paytm, on Monday launched its latest innovation – Card Soundbox, which is intended to empower merchants to accept both mobile and card payments across all Visa, Mastercard, American Express and RuPay networks.
-
Binance Pulls the Shutter Down on Its Fiat-to-Crypto Platform Binance Connect a Year After Launch
Binance shut down its fiat-to-crypto platform Binance Connect on Wednesday. The company reportedly conducted an internal review of its service offerings and evaluated which ones were not bringing in the expected engagement. Binance Connect, unfortunately, did not make it to the list of services that the exchange decided to retain.
-
American Express Welcomes RBI Move To Lift Restrictions In Key Market
Per the RBI norms, financial services companies like Visa, Mastercard, American Express and Diners Club have been required to store Indian payment data locally since October 2018.
-
India’s Proposed IT Rules, Panel Formation for Content Moderation Decisions Concern US Tech Giants
India’s proposed plans making it mandatory for social media giants to comply with a newly formed government panel which will decide on user complaints against content moderation decisions has upset the American tech giants including Facebook and Twitter. The government has not specified who would be on the panel.
-
Paytm Says Will Purge 28 Million Tokenised Visa, Mastercard, Rupay Cards by June 30
Digital financial services app Paytm said that it has tokenised 28 million cards across Visa, Mastercard and RuPay, and expects to purge saved card data by June 30.
-
Mastercard Hints at Metaverse Foray, Files for 15 Related Trademarks
Mastercard is joining its contemporaries like Visa, JP Morgan, and HSBC in stepping up its metaverse game. The payments giant has filed for 15 trademarks surrounding its entry into the virtual universe. The company is looking to host educational seminars as well as social events and concerts in the metaverse, its patent applications reveal. It coul...
-
American Express Plans Footprint in Metaverse and NFT Sectors, Files for Trademarks
American Express is planning to join its contemporaries — Visa, JP Morgan, and Mastercard in foraying into the web3 sector. The company has filed for trademarks around its plans to enter the metaverse and NFT zones. The New York-based company also plans to bring an NFT marketplace, its filing suggests.
-
Opinion: Can India Really Overthrow Visa and Mastercard?
Long before the war in Ukraine, India's Prime Minister Narendra Modi decided that international card networks could be used as instruments of statecraft - and that he should channel the rising economic power of his country's 1.4 billion people.
-
Visa, Mastercard Exit Russia Amid Business Freeze-Out Over Ukraine
Card payment giants Visa and Mastercard announced Saturday they will suspend operations in Russia, the latest major US firms to join the business freeze-out of Moscow over its invasion of Ukraine.
-
New RBI Rules on Online Card Transactions to Now Take Effect From July 1, 2022
Under RBI guidelines, e-commerce platforms such as Amazon or Flipkart won’t be able to save customers’ card details any longer. Customers will have to enter their card details every time they carry out an online transaction. However, to avoid the hassle, customers can choose to tokenise their cards. Here are 10 key takeaways on the change.
-
India Approves Rs. 1,300-Crore Plan to Promote RuPay Debit Cards, Rivalling Visa, Mastercard
India approved a Rs. 1,300 crore plan to promote domestic RuPay debit cards and low-value digital transactions to boost their use in marginalised populations, in a move which could challenge the clout of rivals like Visa and Mastercard.
-
Visa Complains To US Government Over India's Preference To RuPay: Report
Visa has complained to US government that India's "informal and formal" promotion of domestic payments rival RuPay hurts the US giant in a key market
