Payments platform Airtel Africa closed a $100 million deal that gives Mastercard a 3.75 stake percent in its business, now valued at $2.65 billion. Raghunath Mandava, chief executive officer (CEO) of Airtel Africa, said in a press release on Friday (April 1) that Mastercard’s investment...
A class-action lawsuit against Mastercard for a record £14 billion ($19 billion) will be heard by a specialist London court on Thursday (March 25), which will decide if the case should proceed, Reuters reported. The 2016 suit, brought by former financial ombudsman Walter Merricks, could...
Digital payments service Wirex has launched a multicurrency Mastercard debit card in the U.K. and EEA, along with a new reward program, a press release says. The new reward program, Wirex X-tras, its an extension of the company rewards scheme, allowing a new subscription upgrade...
Mastercard said Monday (March 8) said it is expanding its Engage platform to give “customers easy access to a growing network of qualified technology and FinTech partners that can quickly deploy Mastercard Digital First solutions.” The company said its business customers will be able “to...
Ethoca has relaunched and revamped its purchase transparency product for consumers, renaming the enhanced solution Consumer Clarity™, according to a press release. Formerly named Eliminator, Consumer Clarity™ gives consumers detailed information regarding their purchases, including itemized digital receipts, merchant names, embedded brand logos, contact information...
Mastercard has unveiled the Strivers Initiative consumer-facing platform, which elevates the visibility of Black female business owners overcoming obstacles to maintain and expand their companies as role models for the community and generations to come. The program will launch with a national ad spot showcasing...
Mastercard has debuted a new service to boost transparency for users’ purchases online, a press release says. The payments company’s service, delivered via Ethoca, will give customers more details on their purchases like the merchant’s name, logo and location of the purchase. Merchants have been...
Mastercard has applied new quantum-resistant technologies in order to develop a new kind of contactless payment, according to a press release emailed to PYMNTS. The new Enhanced Contactless (Ecos) specifications will come along with the demand for more efficient, safer products overall, the release stated....
U.K. shoppers could see higher prices for European Union purchases due to a planned increase in Mastercard fees, the Financial Times reported on Monday (Jan. 25). The fee hike won’t benefit Mastercard, but will go to British banks and other card issuers. If companies pass the...
