Tagged: mastercard

May 18, 2020 @ 11:12 pm By Omar Faridi  |  

Payments giant Mastercard (NYSE:MA) has committed to a Memorandum of Understanding (MoU) with Hub71, a technology ecosystem based in Abu Dhabi Global Market Square that supports global Fintech initiatives and leading tech firms. As mentioned in the announcement, Hub71 is a flagship project of the… Read More

May 14, 2020 @ 11:42 pm By Omar Faridi  |  

  Mastercard is teaming up with Enel X, a company of the Enel Group that offers products focused on energy transformation at home, city and the industrial level. Through the partnership, both companies will set up a Fintech and cybersecurity innovation lab in Israel. The… Read More

April 30, 2020 @ 2:20 pm By Samantha Hurst  |  

U.S. fintech Galileo Financial Technologies announced on Thursday it has received its Mastercard certification in Mexico and has formed a new partnership with Mexican fintech Klar. The announcements come just weeks after SoFi acquired Galileo for $1.2 billion in both cash and stock. Galileo also… Read More

April 19, 2020 @ 10:57 pm By Omar Faridi  |  

Previse, an established invoice financing platform, has secured $11 million in capital through an investment round led by Mastercard and Reefknot Investments. Existing investors Augmentum Fintech, Bessemer Venture Partners, and Hambro Perks also took part in the round. Established in 2016, Previse aims to address… Read More

April 16, 2020 @ 8:42 pm By Omar Faridi  |  

Ethoca, a division of payments giant Mastercard, has revealed that it’s extending one of its ongoing collaborative initiatives, which allows Microsoft Corporation customers to get convenient access to digital or online receipts. Users may access the digital receipts provided by Ethoca via their regular mobile-based… Read More

March 31, 2020 @ 10:31 pm By Omar Faridi  |  

Australia-headquartered Fintech Archa is teaming up with Mastercard Australia in order to offer neo corporate credit cards to the small business owners and local startups. Archa aims to leverage Mastercard’s payments technologies and services in order to help companies in acquiring the capital they need… Read More

March 25, 2020 @ 8:51 am By Samantha Hurst  |  

Mastercard announced on Wednesday it is now offering a contactless limit raise across 29 countries as part of its commitment to enabling the increase in contactless payment limits across Europe. Mastercard reported that across Europe, it has “championed” several initiatives that have seen a dramatic… Read More

March 13, 2020 @ 1:53 pm By Omar Faridi  |  

Phos, a software development firm, has introduced a pilot program with payments giant Mastercard, which involves the launch of a new mobile-based solution that will allow merchants to process contactless payments. The new payment option is available on all Android smartphones without requiring any additional… Read More

March 12, 2020 @ 3:30 pm By Samantha Hurst  |  

Mastercard announced on Thursday it has formed a global partnership with Samsung in order to enable digital access to consumers and small businesses in emerging markets through its extensible Pay on Demand platform. According to Mastercard, the Pay on Demand platform is designed to accelerate… Read More

March 12, 2020 @ 8:18 am By Samantha Hurst  |  

Paysafe Group, a global payments provider, announced on Thursday it has expanded its strategic partnership with Mastercard. Paysafe reported that the new agreement was designed to support its growth and card acceptance in the European Economic Area (EEA) with a particular focus on Paysafe’s card… Read More

March 10, 2020 @ 9:55 am By JD Alois  |  

Credit Sesame, a personalized credit service and financial wellness company, is morphing into a bank. And why not? While traditional banks struggle to pay for the real estate they own, Fintechs are providing a more diverse portfolio of financial services minus the need to queue… Read More

March 5, 2020 @ 12:15 am By Omar Faridi  |  

Swisscard AECS, a company that provides American Express, Mastercard and VISA cards for private and business customers, has updated its early collections by using FICO analytics. This has reportedly resulted in a net 50% increase in revenue generated from billable collection expenses.  The update has… Read More

February 3, 2020 @ 11:00 pm By Omar Faridi  |  

Ajay Banga, CEO at payments giant Mastercard, recently talked about why his company decided to leave the controversial Facebook-led Libra global payments and stablecoin project. Banga claims his firm doesn’t quite understand Libra’s business model. He told the Financial Times: “When you don’t understand how… Read More

February 1, 2020 @ 11:10 am By Omar Faridi  |  

Payments giant Mastercard has reportedly invested in artificial intelligence (AI)-enhanced identity authentication firm, Trust Stamp. Trust Stamp is a graduate of Mastercard’s 2018 Start Path accelerator program. The two firms announced their first collaborative effort involving a secure non-PII authentication network for offline and internet-based… Read More

January 31, 2020 @ 10:35 am By Omar Faridi  |  

Denmark-headquartered Pleo, a smart payment card issuer, has confirmed that it’s introducing a new credit card by teaming up with Mastercard and J.P. Morgan, the largest bank in the US. Pleo’s management says that the new product offering is expected to replace the firm’s older… Read More

January 27, 2020 @ 3:21 am By JD Alois  |  

Cardlay, a Danish Fintech company, provides a white-label frontend for banks and their corporate clients. Cardlay helps companies automate business processes, including applications, integrated and real-time travel expense management, and more. Last October, Cardlay raised $10 million in funding while announcing a partnership with Eurocard…. Read More

January 24, 2020 @ 10:10 pm By Samantha Hurst  |  

Mastercard announced on Thursday its new Intelligence and Cyber Center. The center, which is located in Vancouver, Canada. is expected to expand the multinational financial services giant’s Canadian presence by creating and maintaining a total of 380 jobs, and accelerate innovation in digital and cybersecurity,… Read More

January 24, 2020 @ 9:20 am By Samantha Hurst  |  

Pine Labs, an India-based merchant commerce platform, has received a significant investment from multinational financial services giant Mastercard. According to Pine Labs and Mastercard, the investment is part of a partnership to continue the rapid growth of convenient electronic payment options for consumers across the… Read More

January 23, 2020 @ 8:33 pm By Omar Faridi  |  

Payments giant Visa is reportedly set to take its “access to cash” program industry-wide by teaming up with several financial institutions, in order to provide high street retailers in remote areas a fee for handling over the counter (OTC) cashback transactions. The launch of the… Read More

January 23, 2020 @ 4:22 pm By Samantha Hurst  |  

Fintech unicorn SoFi announced on Thursday it has formed a new partnership with offer a suite of products and in-person experiences to its nearly one million SoFi members. According to SoFi, the partnership will initially focus on the SoFi Money debit card, for which Mastercard… Read More