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INDIA MASTERCARD BAN
Mastercard to look beyond card biz; target tier 3 & 4 markets for growthMastercard is targeting India's expanding credit-on-UPI market. The company is looking beyond traditional card payments for future growth. ...- RBI lifts business restrictions imposed on American ExpressLast year, the RBI had barred three US-based card networks - MasterCard, American Express and Diners Club International - from issuing new ...
- RBI lifts business restrictions on MastercardRBI had imposed restrictions on Mastercard Asia / Pacific Pte. Ltd. from on-boarding new domestic customers (debit, credit or prepaid) onto...
- Visa complains to US govt about India backing for local rival RuPayIn public Visa has downplayed concerns about the rise of RuPay, which has been supported by public lobbying from Prime Minister Narendra Mo...
- US trade official called India's Mastercard ban 'draconian'RBI ban on Mastercard - a top payment network in India alongside Visa - triggered a flurry of emails between US officials in Washington and...
- Mastercard ban: RBL Bank restarts credit card issuances with rival VisaRBI had banned Mastercard from issuing any new cards on July 14 this year for not complying with data localisation requirements. The move h...
- Mastercard ban: RBI seeks action plan from banksThe Reserve Bank of India has also reached out to various lenders on the problems being faced by the broader banking system after it barred...
- ‘Mastercard’s dual record maintenance led to RBI ban’Mastercard is said to have failed to erase the Indian leg of the transaction data from overseas servers within 24 hours as mandated by the ...
- RBI's Mastercard ban likely to create monopoly in credit card market in IndiaWhile homegrown platforms are expected to gain modestly, Visa's superior reward offerings to merchants and the government's zero Merchant D...
- BharatPe banks on engineersIn today's ETtech Morning Dispatch: Making sense of BharatPe's banking foray; Mastercard ban gives Visa all the power; Over 150,000 IT jobs...
- RBI’s Mastercard ban may hit Citibank India’s retail business saleWhile the ban does not impact existing customers and businesses, it will impact addition of new clients between now and the actual sale and...
- Ban on Mastercard may see a huge chunk of new business going to VisaWhile homegrown platforms are expected to gain modestly, Visa’s superior reward offerings to merchants and the government’s zero Merchant D...
- Failover mechanism protects us from MasterCard ban: HDFC Bank MD Sashidhar Jagdishan“MasterCard is a significant franchise partner for the bank, but the good part is like in most of our businesses we patronise on open archi...
- Fresh card issuance by 5 private banks to be impacted due to ban on Mastercard by RBI: ReportBesides these five banks, Bajaj Finserve and SBI Card may face problems as they were also issuing cards of this payment gateway. So, in all...
- Will Mastercard's loss benefit Visa and homegrown RuPay?While RBL Bank signed up with Visa as recently as last week, a Yes Bank spokesperson said the bank is evaluating migrating to other platfor...
- India's ban on Mastercard to hit banks' card operations, income: SourcesThough existing customers will not be hit, business impact will be significant as banks need to sign new commercial deals with rival networ...
- Decoded: How RBI's latest ban on Mastercard affects youThe RBI said that the restrictions have been imposed as in spite of lapse of considerable time and adequate opportunities being given, the ...
- RBL Bank's credit card issuance rate to be impacted post RBI's Mastercard ban"Our bank's current run rate of approximately 1,00,000 new credit card issuances per month could potentially be impacted till such time tha...
- Buying bitcoin? SBI Card may soon ban customers from purchasing cryptocurrenciesThe RBI has been periodically issuing notifications cautioning various stakeholders regarding the risks of virtual currencies.
- Metros spend most on apparels online, says MasterCardPenetration of e-payments is still very low in India. The roll out of Aadhaar will offer a great platform for commerce, Ann Cairns of Maste...
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