Mastercard Current Affairs, GK & News

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 12 months. In addition to Mastercard, Razorpay has also collaborated with three banks. It is ..

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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 solutions which will help them to rapidly digitize. It will help in setting online stores, ..

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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 out in selected cities such as Kanpur, Lucknow and Varanasi of Uttar Pradesh. The project ..

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RBI to set new QR code rules to change payment picture of India

The Reserve Bank of India recently ordered payment system operators (PSO) from launching new proprietor QR code for transactions. The apex Bank asked the PSOs switch to at least 1 interoperable QR code. This is to to use the same QR code across multiple payment applications. This is being done by the Reserve Bank of ..

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IndiGo launches its first co-branded credit card

India’s leading airline IndiGo recently launched its first co-branded credit card named ‘Ka-Ching’ in collaboration with HDFC Bank and MasterCard. The card is available in basic and premium version. The card vouches several benefits such as lounge access, priority check-in at airports, discounted convenience fee and fuel charge waivers.

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