Mastercard said in a statement Monday (Feb. 24) that the coronavirus outbreak could hurt its revenues this year and that caused the company’s shares to dip on the news. The company said cross-border travel and cross-border eCommerce growth were both factors hit by the coronavirus....
Mastercard has announced plans to expand its European tech hub in Leopardstown, South Dublin in a move the firm says will create 1,500 jobs, according to a Monday (Feb. 24) press release. The timeline for creation of the new jobs is in the next three to...
Bright lights, big (and small) cities and Big Data. In the drive to modernize, scale and handle burgeoning populations, cities are harnessing the power of data collection and analytics to improve infrastructure and services. As Mastercard Executive Vice President of Enterprise Partnerships and Head of Global...
China’s central bank gave Mastercard the go-ahead on Tuesday (Feb. 11) to set up a bank card clearing business, granting access to a $27 trillion payments market, according to reports. The People’s Bank of China said in a statement that it has approved an application...
To improve the financial lives of millions of Americans, speed matters — especially for FinTechs seeking to bring new products to market digitally and to target consumers underserved by traditional banking models. In an interview with Karen Webster, Sherri Haymond, executive vice president of digital...
Ajay Banga, the chief executive officer (CEO) of Mastercard, is adamantly against any attempts to fracture the Global Payments Systems (GPS) into national domains, Financial Times (FT) reported on Sunday (Feb. 2). The worldwide move from cash to electronic payments has triggered privacy concerns among...
Mastercard’s drive to scale digital payments across the ecosystem has led the payments network to find new ways to help FinTechs participate in this mission through its Accelerate program, giving tech-nimble startups the tools and access they need to scale quickly. In an interview with...
In order to accelerate the use of electronic payment options in Asia, Mastercard has invested in merchant commerce platform Pine Labs, according to a press release. The two companies plan on delivering a slew of card and real-time payment options, both for in-store and online...
The Rockefeller Foundation, along with the Mastercard Center for Inclusive Growth, announced their new platform data.org today in Davos. The site will be a dynamic platform for data science partnerships committed to improve the field’s social impact. The philanthropy organizations also revealed today a $10...
