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Tag: mastercard

Retail Asia03/07/2020
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Finance

Mastercard to Support Scottish Fintech’s APAC Expansion

2min0
Mastercard has announced an expanded strategic partnership with Eedenbull to cover the Asia Pacific as the Scottish fintech eyes a slice of the region’s business-to-business payments market. Building on its partnership in Europe, Eedenbull will leverage Mastercard’s advisory experience, commercial solutions, and network of customers and partners as it rolls out its new commercial cards […]
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Retail Asia12/05/2020
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Finance

Mastercard study shows consumers moving to contactless payments for everyday purchases as they seek cleaner

6min0
During February and March, as many countries imposed or strengthened social distancing measures due to COVID-19, a significant majority of consumers turned to contactless card payments for necessary purchases. Citing safety and cleanliness, 79 percent of people worldwide and 91 percent in Asia Pacific say they are now using tap-and-go payments. Consumer polling by Mastercard, […]
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Retail Asia20/04/2020
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Finance

Citi Marketeer Joins Mastercard

2min0
His career spans multiple functions and geographies, bringing together data, technology and culture in building Citi’s brand strategy and positioning. After 16 years at Citibank, marketeer Mayank Dutt is joining Mastercard as its head of marketing and communications for Southeast Asia, the exec announced on LinkedIn. He will report to both Safdar Khan, division president, Southeast Asia Emerging Markets and Rustom Dastoor, […]
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Retail Asia13/02/2020
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Finance

Mastercard to Enter China Payments Market

2min0
Mastercard’s joint venture in China has been the green light given by the People’s Bank of China for it to begin formal preparations to set up a domestic bankcard clearing institution in China. Mastercard’s joint venture with NetsUnion Clearing will need to complete preparation work within a year, following its approval to begin operations in the […]
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Retail Asia07/02/2020
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Finance

Australia Mulls Breaking Card Payment Duopoly

3min0
Australian regulators are considering intervention to stop banks from using Visa and MasterCard as their default options to route debit card payments in a move that would save up to $230 million per year. The pro-consumer move targets «tap-and-go» card payments made through the two global networks which according to a retailer association results in […]
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Retail Asia04/02/2020
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Finance

Mastercard Partners with Dah Sing Bank and BBPOS MSL to Launch Hong Kong’s First Mobile App Card Payment Acceptance Solution for Local SMEs

6min0
Mastercard today announced its partnership with local companies Dah Sing Bank and BBPOS MSL to launch Tap on Phone, a first-of-its-kind solution that will allow small- and medium enterprises (SMEs) in Hong Kong to accept contactless card payments via mobile phone. At the same time, Mastercard is also introducing its sonic branding in Hong Kong […]
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Retail Asia18/11/2019
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Finance

Mastercard partners with Tappy to embed payment functions into wearables

4min0
Payments technology company Mastercard and wearable token service provider Tappy Technologies are collaborating to enable contactless payments through wearables. The collaboration involves embedding the two firms’ respective technologies into a range of accessories, starting with analog watches by Timex Group. Tappy’s contactless payment chips can be embedded into virtually any fashion accessory, transforming them into […]
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Retail Asia28/10/2019
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Finance

Mastercard Joins ASEAN Fintech Platform

2min0
It will join AFIN’s board of directors and work with the platform to support the global fintech community and financial industry to foster greater financial inclusion. Southeast Asia’s fintech community has been given a boost with Mastercard joining the ASEAN Financial Innovation Network (AFIN) as the platform’s second corporate founding member, the two parties announced […]
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Retail Asia01/08/2019
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Finance

Mastercard Further Extends Payment Network with Acquisition of Transfast

3min0
Mastercard announced the completion of the acquisition of Transfast, a global payments company with significant cross-border network reach. Mastercard originally declared the intent to buy Transfast on March 8, 2019. The acquisition builds on Mastercard’s strength in payments and drives improved transparency and certainty in cross-border transactions, enabling people and businesses to send and receive money […]
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Retail Asia28/05/2019
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Finance

HSBC Gets New Trade Finance Head from OCBC

2min0
The move comes as HSBC Singapore looks to strengthen its regional coverage and increase its headcount across its entire business by more than 10 percent over a three-year period from 2018. HSBC Singapore on Monday announced the appointment of Tze Tze Lee as the bank’s head of product and propositions, a new position created within the bank’s global trade and receivables […]
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Retail Asia28/05/2019
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Finance

Mastercard to Expand Footprint in India

2min0
The payments giant is set to make India a vital node in its global infrastructure, which will serve other markets including Southeast Asia. Mastercard will invest $1 billion into its India operations as part of a five-year expansion plan, which is aimed at converting the country into a global technology node, its second after the United […]
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Retail Asia03/05/2019
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Finance

More Food, Snacks and Drinks for Less with Mastercard

1min0
 Shopping for your daily needs such as fresh food, snacks and beverages can be turned into fun and rewarding experiences! Pay with your mobile phones or devices and make every trip to the supermarket enjoyable with these exclusive offers and discounts with Mastercard! Every Saturday and Sunday from April 20 to June 30, 2019, Mastercard […]
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Retail Asia05/04/2019
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Finance

Hong Kong Retail Sales Drop around Chinese New Year

3min0
Following 21 consecutive months of retail sales growth, Hong Kong retail sales declined in February, according to the latest Mastercard SpendingPulse™ Hong Kong Report. Mastercard SpendingPulse, which measures consumer spending across all payment types, including cash, found that retail sales contracted by 3.2 percent in February compared to last year. The drop, compared to last […]
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Retail Asia27/03/2019
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E-Tailing

Lazada and Mastercard Collaborate to Empower Brands and Sellers in eCommerce

4min0
Lazada, Southeast Asia’s leading online shopping and selling platform, and Mastercard today announced a five-year partnership to grow the eCommerce ecosystem in Southeast Asia (SEA). This comes as Lazada is committed to delivering the best eCommerce offerings that serve the needs of the region’s brands and sellers. This partnership also enables Mastercard to reach new […]
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