MasterCard

UPI Brings Contactless Payment Via NFC; Challenges Mastercard, Visa's Dominance As per the reports, the National Payments Corp. of India (NPCI) is preparing to provide Tap-On-Go facility by implementing near-field communication (NFC) to…

SBI Will Launch RuPay Credit Cards To Break Visa, MasterCard Monopoly State Bank of India (SBI) the leading bank in India, soon announces to launch Rupay credit cards to give a boost to domestic payment network in India. Rupay Cards…

US warns India India’s ‘Make in India’ reform, designed to benefit the producers and suppliers of the Indian soil, has been repeatedly modified, creating thorny issues in trade relations between India and the US. Addressing the same…

Visa was established in 1958; Mastercard in 1966 and American Express in 1850. Ever since the concept of debit and credit cards came into existence in India (somewhere between 1986-87), these three cashless payment processing companies had…

Reserve Bank of India has finally issued guidelines, which makes interoperability of payments instruments possible. In layman terms, this means now users can transfer money between wallets, from wallets to cards, and from cards to…

As per reports coming in, 80% of the payment companies have agreed to comply with the rules, which makes it mandatory for all payment processing companies to store their data inside India. But that 20 % of the companies, which manage 90%…

Directly targeting RuPay, Visa has slashed the maximum charges in the sub-Rs 2000 bracket of debit card transactions, which indicates their aggressive stand

As part of their Policy Review meetings, Reserve Bank of India has asked all payment firms, payment companies, wallets and any provider of digital payments to store their data locally. They have 6 months to comply with this new rule.

Traditional payment processing and payment card companies, Visa and Mastercard, are feeling threatened now, and the reason is the exponential rise of Govt. backed digital payment platforms: Aadhaar Pay and UPI, which combined with BHIM…

By January, 2017, India will witness a massive financial collaboration never seen before. Three of the largest payment processing and payment card companies: Visa, MasterCard and RuPay will join their forces, and provide a unified…