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Tag: mastercard

Retail Asia23/11/2023
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Finance

Mastercard JV Approved to Begin Domestic Payments Processing in China

5min0
Mastercard today announced that its joint venture entity, Mastercard NUCC Information Technology (Beijing) Co., Ltd., has received formal approval from the People’s Bank of China (PBOC) and the National Administration of Financial Regulation (NAFR) to commence domestic bankcard clearing activity in China.   “We are pleased to have reached this milestone with our local partner NUCC. Mastercard’s deeper participation in the […]
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Retail Asia19/10/2022
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Finance

New Mastercard Service to Enable Bank Crypto Trading

2min0
Mastercard will debut crypto trading services next year that will enable financial firms, such as banks, to extend access to their clients. Mastercard will launch its crypto trading services – Crypto Source – in the US, Israel and Brazil in early 2023, according to an interview with the firm’s president of cyber and intelligence Ajay Bhalla, which will […]
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Retail Asia03/10/2022
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Finance

Mastercard partners with Buy2Sell in cross-border payment solutions in Asia

3min0
Buy2Sell, an e-commerce B2B platform in Singapore, has announced a new strategic partnership with Mastercard. For a global orientation to 2025, Buy2Sell is also moving towards expanding its cross-border sales through its e-commerce. Buy2Sell will enable multiple payment types to various delivery channels via a single connection through Mastercard cross-border services. At Buy2Sell’s platform, Mastercard […]
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Retail Asia30/05/2022
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Finance

Mastercard focuses on Southeast Asia, LatAm after India ban, Russia exit

3min0
Southeast Asia and Latin America are strong growth regions for Mastercard after its withdrawal from Russia in March and India’s 2021 ban on it from issuing new cards, the company’s co-president for international markets said. “Southeast Asia is exciting (due to) the right demographics, the adoption of technology and digitisation, and governments’ focus on financial […]
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Retail Asia09/05/2022
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Finance

Zurich Fintech Hires Wirecard Whistleblower

2min0
A former CEO of German fintech Wirecard is joining a Zurich-based startup. Blockchain fintech FQX is hiring James Freis as a regulatory technology officer, it said in an emailed statement Friday. Freis helped uncover fraudulent activities at Wirecard, going on to lead the company as its CEO. His ties to the payments company, which continues to be at […]
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Retail Asia29/07/2021
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Finance

Singapore Crypto Startups Join Mastercard Engagement Program

3min0
Two Singapore startups will help the payment giant accelerate innovation around digital asset technology. Singapore-based Mintable, a non-fungible token (NFT) marketplace; and Stacs, which provides a blockchain infrastructure for the financial industry to unlock value and enable effective sustainable financing, are among of a new cohort of seven startups at Mastercard’s «Start Path» global startup engagement program. […]
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Retail Asia05/05/2021
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Finance

Mastercard Eyes Digital Yuan Opportunities

2min0
Global payments giant Mastercard is in talks with various central banks with an eye on opportunities in central bank digital currencies. Amongst the central banks in discussion with Mastercard is the People’s Bank of China, according to a report citing APAC co-president Ling Hai. Circulation of central bank digital currencies (CBDC) outside of their home […]
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Retail Asia31/03/2021
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Finance

Mastercard expands digital convenience and security for premium cardholders in Asia

4min0
Focusing on digital convenience and security, Mastercard is delivering more perks in more markets for premium cardholders in the Asia Pacific region with a comprehensive online portal, hassle-free e-commerce insurance and enhanced benefits. As people make a lasting shift to online spending, Mastercard has created a seamless and secure digital experience for Platinum, Titanium, World […]
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Retail Asia05/03/2021
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Electronics

Samsung will develop payment cards with fingerprint scanners with Mastercard

2min0
Samsung and Mastercard have partnered up to develop a fingerprint-authenticated payment card. Yes, we’re talking about an actual, physical card with a built-in fingerprint scanner. This innovation will increase the security of contactless payments and give users another layer of safety – while looking pretty darn cool. The card will work with every in-store (POS) […]
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Retail Asia12/02/2021
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Finance

Mastercard Backs Cryptocurrencies

2min0
Credit card and payments firm Mastercard becomes the latest crypto backer as it announces plans to offer support for select cryptocurrencies. Currently, Mastercard is already offering cards that allow customers to transact using their cryptocurrencies without going through its network. The latest move is expected to further expand business opportunities for merchants. Doing this work […]
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Retail Asia09/02/2021
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Finance

Mastercard partners with SAP Concur to deliver automated expense and invoice management for businesses in APAC

2min0
Mastercard has partnered with SAP Concur to deliver a faster and more efficient expense and invoice management process to banks, companies and government agencies in Asia Pacific for transactions with corporate cards. As businesses and governments seek to increase visibility across payments, optimize credit lines and leverage data to strengthen supplier relationships, the partnership offers […]
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Retail Asia18/01/2021
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Finance

Mastercard launches one-stop resource site to support digital transformation of SMEs in Asia Pacific

7min0
To help small and medium enterprises (SMEs) recover from the pandemic and prepare for the future, Mastercard has launched the Digital Acceleration for Small Businesses microsite across most of its Asia Pacific websites with information and resources on how to digitalize and run businesses more efficiently. As COVID-19 drives a rapid and lasting shift to […]
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Retail Asia16/11/2020
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Finance

Mastercard Advances Multi-Rail Strategy to Modernize Business Payments

11min0
Mastercard continues to deliver on its multi-rail strategy with the addition of Account-to-Account (A2A) payments functionality to Mastercard Track™ Business Payment Service. This launch represents the next phase in Mastercard’s journey to modernize business payments by solving persistent pain points that Buyers and Suppliers experience today.  Building on the success of card payments within Mastercard […]
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Retail Asia08/09/2020
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Finance

Mastercard and Asian Development Bank build multi-stakeholder alliance to digitalize supply chains

7min0
Mastercard and its partners N-Frnds, SGeBIZ and Finastra have formed an alliance with the support of the Asian Development Bank (ADB) to create technology solutions to drive greater digital efficiency across the retail supply chain in Asia and increase wholesalers’ access to credit. “These unprecedented times underscore the importance of building an inclusive, sustainable digital […]
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