Mastercard has introduced a new program called Crypto Source to enable financial institutions to offer crypto trading and other related services to their customers. Mastercard partnered with Paxos Trust Company to support this program. The new program will bring crypto trading capabilities to banks. In partnership with regulated and licensed …
Read More »Russian Banks Flock For Refuge In Chinese Payment Systems
As western companies continue to make decisions whether to suspend operations or withdraw from Russia due to its invasion of Ukraine, China has become a possible Plan B.Russian banks that include Sberbank, the country’s largest bank by assets, and Alfa Bank said that they are exploring the possibility of issuing …
Read More »MasterCard Bans a Number of Russian Financial Institutions From Its Network
It has been another busy holiday season this year with online sales growing 11% year-over-year (YoY) according to the latest Mastercard SpendingPulse market intelligence which focuses on the measurement of in-store and online retail MasterCard said late Monday that it has blocked a number of financial institutions from the MasterCard …
Read More »Visa Testing Central Bank Digital Currencies
The leading card payments firm is in talks with central banks concerning a platform is designed to test CBDCs and Visa productsVisa joined its rival Mastercard in offering central banks a way to test retail applications for digital currencies they might issue.The card payment provider will begin piloting a program …
Read More »Mastercard’s Holiday Data Signaling Growing Online Shopping
It has been another busy holiday season this year with online sales growing 11% year-over-year (YoY) according to the latest Mastercard SpendingPulse market intelligence which focuses on the measurement of in-store and online retail sales across all modes of payment.The data, which covers sales from 1 November to 24 December …
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