Mastercard
World’s First “Crypto-Backed” Payment Card
Crypto lender Nexo has collaborated with Mastercard to launch the world’s first “crypto-backed” payment card. This launch has signaled the move by financial and crypto networks to collaborate as digital assets are becoming more mainstream. Overview: Initially, the card will ..
Month: Current Affairs - April, 2022
Category: Economy & Banking Current Affairs - 2024 • International / World Current Affairs
Suspension of Card Services in Russia
Due to US sanctions imposed on Moscow as a result of the ongoing crisis in Ukraine, American card network operators Mastercard, Visa, and American Express have suspended their services in Russia. Overview: Any cards that have been issued globally by ..
Month: Current Affairs - March, 2022
Category: International / World Current Affairs
HDFC Bank, Mastercard, USAID commit $100-mn credit facility
HDFC Bank, Mastercard and USAID have committed $100-mn credit facility with the aim to expand lending to small businesses. Key Points New credit facility will help small businesses that require financing for maintaining and growing their operations. The credit facility ..
Month: Current Affairs - October, 2021
Razorpay- Mastercard launch MandateHQ payment interface
Payments solution provider Razorpay has partnered with Mastercard to launch ‘MandateHQ’. Key Points MandateHQ is a payment interface that will help card-issuing banks to enable recurring payments for customers. Razorpay aims to integrate MandateHQ with more than 50 banks in ..
Month: Current Affairs - July, 2021
Mastercard-Instamojo tie up to assist MSMEs, Gig workers
Mastercard announced a strategic equity investment in Instamojo on June 28, 2021. Key Points Investments in India’s largest full-stack digital solutions provider, Instamojo, is aimed at empowering MSMEs and gig workers. Empowerment will be done by providing easy to use ..
Month: Current Affairs - June, 2021
Project Kirana launched by Mastercard and USAID
On November 19, 2020, Mastercard and United States Agency for International Development launched “Project Kirana”. The programme will enable women entrepreneurs to grow, launch and thrive. What is the plan? Under Project Kirana, a two-year programme is to be rolled ..