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Tag: Mastercard

Foreign travellers to price tickets N770/$1 from N663/$1
Travel

Top travel destinations with highest fraud rates – Mastercard report

Many travelers worry about falling victim to scams when visiting new places—concerns like pickpocketing or being tricked by what appears to be a legitimate tour company. These fears, are not unfounded, according to Mastercard. A recent study reveals that the travel industry is a major target for scammers, who exploit tourists’ unfamiliarity. The Mastercard Economic […]

European retailers urge EU to tackle high Visa, Mastercard fees
News

European retailers urge EU to tackle high Visa, Mastercard fees

Some of Europe’s biggest retailers and e-commerce companies have called on the European Commission to address what they describe as excessive and opaque fees imposed by United States payments giants Visa and Mastercard. In a joint letter sent this week, the group warned that such fees are undermining the EU’s competitiveness and stifling market competition. […]

Mastercard launches CBDC Partner Program to foster crypto discussions
Tech

Mastercard empowers AI agents to shop, process payments for you

Mastercard Inc. announced a groundbreaking collaboration with Microsoft Corp. and other top artificial intelligence firms to empower AI agents to shop and process payments online for consumers. The initiative, unveiled Tuesday, allows AI tools like Microsoft’s Copilot to autonomously search for products, present options, and complete purchases while suggesting optimal payment methods. For instance, a […]

European retailers urge EU to tackle high Visa, Mastercard fees
Crypto

Mastercard adopts digital assets with new stablecoin payment option

Mastercard has officially integrated stablecoin settlement support, allowing users and merchants to conduct transactions using stablecoins like USDC. This move marks a significant step in mainstream adoption of digital assets, enabling select Mastercard merchants to accept stablecoins as payment. Mastercard is partnering with firms, including payments processor Nuvei and stablecoin issuers Circle and Paxos, to […]

Mastercard forecasts 6% rise in Nigeria's diaspora remittance
News

Mastercard forecasts 6% rise in Nigeria’s diaspora remittance

Global payment technology company Mastercard has projected a six per cent increase in consumer spending in Nigeria by 2025, citing remittance inflows as a key driver of economic resilience. The forecast was disclosed in the Mastercard Economics Institute’s 2025 Economic Outlook for Nigeria: Steering through Change, which analyses trends expected to shape the economic landscape […]

MTN, Mastercard partner to boost digital connectivity
News

MTN, Mastercard partner to boost digital connectivity

Melvin Onwubuke MTN group and Mastercard have signed a multi-market contract, that will activate a new era of partnership to connect millions of people and small businesses across Africa, with digital tools to operate through secure mobile networks. This was disclosed by MTN in a statement released on Thursday. In the statement, MTN said the […]

Mastercard forecasts 6% rise in Nigeria's diaspora remittance
News Tech

Mastercard cuts ties with Binance

Mastercard and cryptocurrency exchange Binance will discontinue their four crypto card programmes in Argentina, Brazil, Colombia, and Bahrain, from September 22, Earlier on Thursday, the exchange’s customer care account on X, formerly known as Twitter, said that the card “will no longer be available to users in Latin America and the Middle East.” By using […]

Mastercard launches CBDC Partner Program to foster crypto discussions
Crypto

Mastercard launches CBDC Partner Program to foster crypto discussions

Mastercard has introduced the ‘CBDC Partner Program’, a forum dedicated to facilitating discussions among cryptocurrency stakeholders concerning the rise of central bank digital currencies. CBDCs, which are digital versions of traditional fiat currencies such as dollars and rupees, are gaining traction in various parts of the globe as countries like India explore their potential to […]

WEMA, Mastercard partner on SME training for 10,000 women
Business

WEMA, Mastercard partner on SME training for 10,000 women

WEMA Bank claims that by providing them with support and training in a variety of enterprises and professions, it will empower 10,000 young women. According to The Punch, it stated that action would be taken in cooperation with Mastercard and the Pan-Atlantic University Entrepreneurial Development Centre. The alliance, according to the executive director for retail and digital business […]

European retailers urge EU to tackle high Visa, Mastercard fees
News Tech

Mastercard to buy minority stake in MTN’s Momo

Global leader payment solutions provider, Mastercard Inc. has agreed to acquire a minority stake in the fintech unit of MTN Group, valued at $5.2 billion. “Signing of the definitive investment agreements is expected to occur in the very near term,” MTN Chief Executive Officer Ralph Mupita said in a statement on Monday. Over 46 million […]

Mastercard forecasts 6% rise in Nigeria's diaspora remittance
Business

Mastercard profit falls as expenses increase

The multinational financial service provider, Mastercard experienced a decline in profit during the first quarter due to increased personnel costs, despite a surge in customer transaction volumes. Mastercard’s profit dropped by 7 per cent to $2.4 billion or $2.47 per share from $2.6 billion or $2.68 per share in 2022, although the net revenue rose […]

Ajaypal Singh Banga (born November 10, 1959[1]) is an Indian-born American business executive.
Business

US tips ex-Mastercard CEO to become World Bank chief

The Treasury Secretary of the United States, Janet Yellen, has said she anticipates that the former CEO of Mastercard, Ajay Banga, will become the president of the multilateral development bank, the World Bank. Ajay Banga is the U.S. nominee for the position. During her testimony for the State, Foreign Operations, and Related Programs subcommittee of […]

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