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mastercard news

AI agents start shopping: Mastercard unlocks agentic commerce in India

Nitendra Rajput, Senior Vice President and Head of Mastercard AI Garage, tells HT that insights from adoption and payment behaviours feed into “network intelligence”.
Published on Feb 18, 2026 04:56 am IST

India is shaping inclusive fintech AI for the world: Mastercard’s Nitendra Rajpu

The financial tech giant insist they are working with AI companies to accelerate AI-led commerce in India. (Official photo)
Updated on Feb 17, 2026 12:58 pm IST

Visa, Mastercard near settlement in two-decade-long fight with merchants

The agreement would be the latest turn in a long-running saga that has seen the credit-card companies offer multiple settlements over the last decade only to see them fail to end the battle.
Published on Nov 09, 2025 10:52 pm IST

World Bank boss Ajay Banga shares his insights on achieving work-life balance

Ajay Banga, World Bank president, discussed the complexities of achieving work-life balance.
Published on Oct 14, 2024 06:25 pm IST

Mastercard wants to get rid of card numbers for online shopping to prevent fraud

Criminals are now targeting e-commerce sites that require consumers to manually put in their card information to make a purchase. (AP)
Published on Sept 01, 2024 11:33 am IST

China pushes Visa and Mastercard to slash down card transaction fees

The Payment & Clearing Association of China is proposing trimming the fee to 1.5 per cent from 2-3 per cent.
Published on Jun 21, 2024 11:39 am IST

Time’s 100 most influential: Satya Nadella, Ajay Banga, Jensen Huang in list

Ajay Banga, President of the World Bank Group, was on Time's list of 100 most influential people along with Satya Nadella, Jensen Huang and others.
Updated on Apr 18, 2024 03:14 pm IST

AEGF-Mastercard launch Bharat Kisan Manch portal for farmers

Representational Image
Published on Sept 21, 2023 05:02 pm IST

Ajay Banga: DU graduate, IIM-A alumnus who is set to head World Bank

President and CEO of Mastercard Ajay Banga leaves after meeting Prime Minister Narendra Modi at a breakfast in the Manhattan borough of New York September 29, 2014.
Published on Feb 23, 2023 10:24 pm IST

Russian banks may issue cards with China's UnionPay as Visa, Mastercard cut link

Credit cards issued by Russian banks using the Visa and Mastercard payment systems will stop functioning overseas after March 9.
Published on Mar 06, 2022 11:14 pm IST

US trade official called RBI’s ban on Mastercard ‘draconian’: Reports

Reserve Bank of India had restricted Mastercard from acquiring new customers from July 22, 2021.
Published on Sept 19, 2021 06:06 pm IST

American Express may partially resume operation in India from today: Report

American Express logo as seen in this illustration.
Published on Aug 07, 2021 05:46 am IST

Banks to stop issuing new cards on Mastercard network from July 22 after RBI ban

Mastercard is the third major payment system operator to face restrictions for non-compliance with RBI's local data storage rules.
Published on Jul 21, 2021 09:37 pm IST

After RBI action on Mastercard, RBL Bank switches to Visa

Mastercard has so far not reacted to RBI action.
Published on Jul 15, 2021 10:41 am IST

Mastercard barred from adding clients

Mastercard will not be allowed to on-board customers in India from July 22.
Published on Jul 14, 2021 11:39 pm IST

RBI restricts Mastercard from acquiring new customers from July 22

According to the RBI, the restrictions will not impact existing customers of Mastercard.
Published on Jul 14, 2021 07:03 pm IST

Mastercard to allow some cryptocurrencies in digital asset boom

The MasterCard Inc. logo on a smartphone
Updated on Feb 11, 2021 06:10 am IST

Pine labs raises about $100 million, valuation hits a stellar $2 billion

The Noida-based company became India’s first unicorn of 2020 with a reported valuation of $1.6 billion in January when it raised money from Mastercard.
Published on Dec 22, 2020 12:05 am IST

Visa, Mastercard won’t allow charges for services on Pornhub

Visa said it was suspending use of its cards on Pornhub Thursday even though its own investigation was incomplete.
Updated on Dec 11, 2020 10:48 pm IST

Mastercard loses $18.6 billion class action court ruling

Mastercard Inc. faces the prospect of a 14 billion-pound UK lawsuit after losing another battle at the country’s highest court over a potential class action
Published on Dec 11, 2020 05:00 pm IST

Data Protection Bill: JPC summons Visa, Mastercard officials

The draft data protection law, which will serve as a key legal basis for the right to privacy in India, requires companies to keep a copy of all personal data of Indian users in India.
Updated on Nov 18, 2020 06:47 am IST

E-commerce expenditure records17% hike on utilities, 8.3% dip on travel

Games and entertainment, which accounted for 12% of all spending on e-commerce sites earlier, went down to 9.4% during the lockdown. Travel-related transactions saw a huge dip.
Updated on Apr 08, 2020 05:40 pm IST

‘India’s policy environment is very conducive’: Outgoing Mastercard CEO Ajaypal Singh Banga

India-born chief executive officer (CEO) of finance giant Mastercard, Ajaypal Singh Banga
Updated on Feb 28, 2020 12:59 pm IST

Microsoft CEO Satya Nadella named Fortune’s ‘Businessperson of the Year 2019’

Satya Nadella took over as Microsoft CEO from Steve Ballmer in 2014.
Updated on Nov 20, 2019 11:23 pm IST

Mastercard ambassador MS Dhoni launches ‘Team Cashless India’ to push digital payments

Indian cricketer Mahendra Singh Dhoni with Co-President for Asia Pacific launch the 'Team Cashless India', a nationwide initiative to accelerate and adoption of digital payment.
Updated on Oct 16, 2019 06:06 pm IST

Visa, Mastercard shun Facebook’s Libra digital currency plan

Both Visa and Mastercard had made it clear from the onset that their interest in Libra was at least partly out of curiosity.
Updated on Oct 12, 2019 06:57 am IST

PM Modi meets business leaders, assures of ‘continued political stability’

Prime Minister Narendra Modi stressed continued political stability and predictability of policies in India at a round table with the CEOs and top executives of top American companies
Updated on Sept 27, 2019 12:18 am IST

Erase payment data from foreign servers in 24 hrs, says RBI

The RBI clarified that there is no bar on overseas processing of strictly domestic transactions; however in such cases, this data shall be stored only in India after the processing.
Updated on Jun 27, 2019 07:26 am IST

Union finance minister Arun Jaitley says Mastercard, Visa losing out to UPI, RuPay in India

Union finance minister Arun Jaitley said on Thursday that Mastercard and Visa were losing market share to domestic payments networks.
Updated on Nov 08, 2018 07:17 pm IST