Tagged: mastercard

August 13, 2021 @ 3:32 pm By Omar Faridi  |  

Global startup engagement program Mastercard Start Path is welcoming 11 Fintechs to receive dedicated support, access to clients and product development teams, and opportunities to engage in innovative projects. Finmod, Flourish Savings, GenEQTY, Karri, KeyChain Pay, Kwara, Layer, Osper, Swap, upSWOT and Wellthi have reportedly… Read More

August 9, 2021 @ 3:41 pm By Omar Faridi  |  

Bitcoin’s (BTC) usage growth during the last 10 years has been “strong” and “steady,” and on this journey, from its “humble” beginnings, the flagship crypto has progressed through various phases of “differing usage,” according to a new report from CoinShares. Starting as a “worthless geeky… Read More

August 5, 2021 @ 10:19 pm By Omar Faridi  |  

Synapse, a banking-as-a-service or BaaS platform developed to increase access to “best-in-class” financial products, has introduced the Synapse Credit Hub, which is described as a full-stack API platform created to support “innovative” credit solutions for individuals and businesses, by leveraging the Mastercard network. As explained… Read More

July 27, 2021 @ 11:55 am By Omar Faridi  |  

Lloyds Bank Commercial Banking will be utilizing Mastercard’s Open Banking merchant payment solution to launch PayFrom Bank. The solution allows people to carry out online payments directly from their bank accounts, giving customers more choice over “how they pay” while providing merchants with “instant settlement… Read More

July 15, 2021 @ 7:50 pm By Omar Faridi  |  

The Reserve Bank of India (RBI) revealed on Wednesday (July 14, 2021) that it has decided to indefinitely ban Mastercard Inc (NYSE: MA) from providing any new debit or credit cards to local clients for allegedly violating data storage guidelines. This move appears to be… Read More

July 3, 2021 @ 1:15 pm By Omar Faridi  |  

Cornèr Bank Group, an established issuer of credit and prepaid cards to individuals and companies across Europe, has reportedly reached a key milestone in its digital transformation efforts by successfully migrating its card portfolios across all products and markets to an advanced and more consolidated… Read More

July 2, 2021 @ 3:42 pm By Omar Faridi  |  

Virtual payments can provide improved security for our funds while enhancing the overall comfort of our daily activities. These days, in addition to convenience, there’s also the health concern (due to COVID-19 and other infectious/communicable diseases and viruses). Consumers across the globe are realizing that… Read More

July 1, 2021 @ 6:42 pm By Tony Zerucha  |  

Global cryptocurrency interest continues to grow, and is being propelled by discussion of mainstream companies, research from GlobalData suggests. The company monitored Twitter conversations about “crypto” and found influencer conversations have risen 200 percent during 2021’s first half. PayPal was most mentioned in influencer conversations… Read More

June 27, 2021 @ 10:55 pm By Omar Faridi  |  

Hong Kong-based digital banking platform Mox Bank and Mastercard recently revealed a smart new feature, referred to as “Flip.” Flip will be available on the “all-in-one” numberless Mox Cards which allow clients to flip freely between spending via their debit and credit card accounts. Mox… Read More

June 26, 2021 @ 11:27 pm By Omar Faridi  |  

Philippines-based neobank Netbank reveals that it has decided to join the Mastercard Fintech Express program which should allow it to access a wide range of all-digital products. Netbank will also be able to issue debit and credit cards under its partners’ brands. Through the partnership… Read More

June 25, 2021 @ 5:54 pm By Omar Faridi  |  

Payfare (TSX: PAY) reveals that it will be integrating Mastercard Send into its financial technology platform. This should allow the Fintech firm to expand its real-time payment options for the fast-evolving gig economy. Payfare, which powers virtual banking and instant payout solutions for leading on-demand… Read More

June 25, 2021 @ 12:24 pm By Omar Faridi  |  

Deserve, a provider of white-label mobile-centric API and (software development kit) SDK-based credit card tech, has secured $50 million in capital through a Series D round that was led by Mastercard. Mission Holdings and Ally Ventures also co-led Deserve’s latest investment round, along with contributions… Read More

June 15, 2021 @ 7:56 am By Omar Faridi  |  

Italy-based Fabrick, an Open Banking ecosystem, is introducing various API-powered solutions that aim to harness the power of Open Finance. Fabrick has developed two different solutions that are reportedly based on Mastercard APIs: InControl for Business and Identity Check Mobile (IDCM). They are used to… Read More

June 12, 2021 @ 7:21 pm By Omar Faridi  |  

Mastercard (NYSE: MA) revealed on Friday (June 11, 2021) that it has finalized its acquisition of Ekata, a provider of identity verification services that assist companies or businesses with making informed decisions when opening online accounts, conducting payments and handling various other digital interactions. Ajay… Read More

June 5, 2021 @ 10:37 am By Omar Faridi  |  

Adyen (AMS: ADYEN), a global payments solution provider based in the Netherlands, recently revealed that it’s expanding its local acquiring services to the United Arab Emirates (UAE). With acquiring capabilities now available in the UAE, Adyen aims to offer local and global companies with an… Read More

June 3, 2021 @ 11:18 pm By Omar Faridi  |  

Synctera, a startup that helps connect community banks and Fintech firms, has secured $33 million through a Series A round that was led by Fin VC and included contributions from Mastercard. The Synctera team notes: “We’re bringing community banks and FinTechs together. One part marketplace…. Read More

May 24, 2021 @ 11:05 pm By Omar Faridi  |  

Mastercard has reportedly joined a $25 million investment round in Australia-based payments-as-a-service Fintech mx51. As noted my mx51’s management: “We empower our partners to connect seamlessly with merchants and their customers. mx51 is the first Australian fintech to develop a bank-grade, modern, end-to-end Payment as… Read More

May 18, 2021 @ 3:08 pm By Samantha Hurst  |  

Mastercard announced on Monday it named European challenger bank Bunq the first European issuer to launch Mastercard’s True Name feature across Europe to support transgender and non-binary communities. According to Mastercard, the feature enables cardholders to leverage their chosen name on their card offerings, removing… Read More

May 13, 2021 @ 10:09 pm By Samantha Hurst  |  

  MovoCash, a U.S. fintech, announced on Thursday the launch of its on-demand mobile banking app, which was created through the company’s partnership with Mastercard and Coastal Community Bank. Founded in 2014, Modo describes itself as a next-generation digital bank with “powerful, secure, and fast… Read More

May 12, 2021 @ 10:17 pm By Omar Faridi  |  

livi bank, which is notably one of Hong Kong’s eight digital banks, is now offering a Buy Now, Pay Later (BNPL) service with the introduction of livi PayLater that provides an instant installment option along with a virtual Mastercard debit card. The livi PayLater BNPL… Read More