Mastercard and Visa Deny Reports of Credit Card Fee Increases
In a recent development, Mastercard has vehemently denied media reports suggesting that it is planning to increase credit card fees later this year. This comes in response to a Wall Street Journal article that claimed fee hikes were scheduled for October and April at Mastercard, as well as its rival, Visa. The reported fee increases […]
Mastercard and Geidea Forge Strategic Partnership to Revolutionize FinTech in Saudi Arabia
Mastercard, a globally recognized leader in payment solutions, has entered into a strategic partnership with Geidea, the foremost FinTech innovator in Saudi Arabia. The primary objective of this partnership is to enhance consumer and business access to world-class card and payment solutions, aiming to revolutionize the financial landscape in the region. Geidea, the largest FinTech […]
Mastercard taps into buy now, pay later
Mastercard Inc launched a buy now, pay later service. This taps into a market that is threatening to chip away at the dominance of credit cards as a main source of payments. During this pandemic, the buy now, pay later sector got a boost. This is because of the ease of making part-payments for products […]
Will MasterCard permanently shift to digital methods in 2021?
Monetary impact of COVID-19, along with enduring fluctuations in digital client spending habits, online banking progress, FinTech disruption and prospects to bolster financial inclusion are analysed comprehensively by The MasterCard Economics Institute and has released Economy 2021, a global outlook report. This institute was launched preceding year to analyse macroeconomic trends through the lens of […]