Mastercard announced that Rajesh Mani has been appointed as Head of the company’s India Tech Hub, effective immediately, according to ETCIO report. He will be based out of Pune. Mastercard’s India Tech Hubs supports the development of technologies and applications that facilitate faster, smarter, more secure digital payments. To serve the needs of today’s payment…
Mastercard and McDonald’s announced an agreement for Mastercard to acquire McDonald’s state-of-the art personalization platform and decision engine company, Dynamic Yield. Dynamic Yield’s technology is a natural addition to Mastercard’s existing suite of services that help brands deliver more effective and trusted customer experiences across channels, according to the statement. ”The notion of going into a store or…
Mastercard was recognized with the U.S. Secretary of State’s Award for Corporate Excellence for its commitment to expanding economic inclusion in India. The annual Awards for Corporate Excellence (ACE) recognize U.S. companies that uphold high standards as responsible members of their communities and represent American values in the way they do business in their overseas operations. Mastercard was honored…
Mastercard announced a series of changes in the leadership of its international operations that will help solidify the company’s delivery against strategic priorities outlined at its recent investment community meeting. All appointments are effective January 1, 2022. Gilberto Caldart, currently president of the company’s International Markets, will take on a new role as vice chair of…
The Western Union Company, a global cross-border, cross-currency money movement and payments platform, and Mastercard, a global technology company in the payments industry, have bolstered their decade-long strategic partnership. The deepened partnership expands Mastercard Send integration into Western Union’s global money movement network, and also Mastercard’s Cross-Border Services delivery via Western Union Business Solutions, a…
HDFC Bank, Mastercard, U.S. International Development Finance Corporation (DFC), and U.S. Agency for International Development (USAID), has launched a $100 million credit facility to promote and encourage small businesses in India to digitize, while also helping Indian businesses, particularly those that are women-owned, to recover from the economic impacts of the pandemic, according to a…
Mastercard announced that Ajay Banga, Executive Chairman, will retire on December 31, 2021. The Board unanimously elected Merit Janow, currently Lead Independent Director, to serve as non-executive Independent Chair of the Board of Directors, effective January 1, 2022. “With Merit as Chair and the strong foundation Michael Miebach has established as CEO, Mastercard is in…
Bilt Rewards has announced a growth funding round of $60 million, with investment from Wells Fargo, Mastercard, and a group of the real estate owners including Blackstone, AvalonBay Communities, Douglas Elliman, New Valley Ventures, Equity Residential, GID, LEN×, The Moinian Group; Morgan Properties, Related Group, and Starwood Capital Group among others. “The concept of Bilt…
Mastercard announced it will extend its capabilities deep into the field of digital assets with an agreement to acquire CipherTrace, a leading cryptocurrency intelligence company with insight into more than 900 cryptocurrencies. As digital assets, including cryptocurrencies and non-fungible tokens (NFTs), become more intertwined with everyday activities — from the way people pay and get paid to…
Mastercard announced it has entered into an agreement to acquire Aiia, an European open banking technology provider offering a direct connection to banks through a single API, allowing its customers to develop and launch new digital solutions that meet the needs of everyday life, work and play. Open banking is democratizing financial services by putting consumers at…
Mastercard announced a strategic investment in Bengaluru-based Instamojo, a digital solutions provider for micro, small and medium enterprises (MSMEs). The investment will be utilised in digitising and scaling millions of MSMEs and gig workers by helping them set up online stores, accept digital payments and reach out to customers. Recently, Instamojo forayed into online commerce after acquiring GetMeAShop, an…
Mastercard has announced its strategic equity investment in Instamojo, a payments and online selling company, to help small businesses go digital. CEO and Co-founder of Instamojo – Sampad Swain, said, “We are focussed on the larger picture of providing the small businesses with a platform, which helps them to start, manage and grow their business online. It…
Mastercard has announced the appointment of Nikhil Sahni as its new Division President, South Asia & Country Corporate Officer, India, taking over from Porush Singh. Porush Singh will be relocating to Singapore and assuming a new role within the company. Nikhil joins Mastercard with nearly 25 years of experience across strategy, investment banking, corporate, commercial,…
COVID-19 has taken its toll in every region, every country and every community. The accessibility of vaccines and therapeutics are not ubiquitous across the globe, leaving vulnerable populations disadvantaged. Mastercard announced a commitment of $25 million to help secure equitable access to and distribution of vaccines across the world. Today’s philanthropic commitment builds on the…
Mastercard announced a US$10 million (approximately 75 crore rupees) commitment to directly address critical Covid-related needs in India. Over the past few weeks, the country has seen a spike in both Covid diagnoses and deaths, with the healthcare system being stretched to its limits as more than 350,000 new cases are identified each day. The…