UK credit card Keebo launches for “credit invisibles” in “passion economy”
Keebo tackles financial exclusion in the “passion economy” – an economy built around “creators with a purpose”.
Mastercard
UK’s Payment Systems Regulator fines Mastercard £31.5m for competition law violations
Five prepaid card companies admitted to cartel behaviour while supplying local authorities.
Reach, inclusivity and global impact – the cross-border payments opportunity
G20’s “Roadmap for Enhancing Cross-border Payments” – a landmark priority project.
Jeeves and Mastercard partner in Mexico for physical and virtual business cards
Tie-up follows $188m funding for Jeeves, which launched at the start of 2021.
Mastercard acquires Latin American Start Path protégé Arcus
The payments specialist will aid introduction of Mastercard Bill Pay to Latin America.
New UK fintech Cleva launches money management platform for carers
Carers can make purchases using a Mastercard-enabled card from selected digital wallets.
Mastercard partners digital asset platform Bakkt to offer ‘Crypto-as-a-Service’
Partnership forms part of Mastercard’s broader crypto strategy.
Zolve launches immigrant-focused banking products
The neobank’s new suite of products will help new arrivals to the US build credit.
Video: fintech news pick of the week – Mastercard, Papaya Global & more
Our top pick of news from the world of finance and tech in bitesize video format, every week.
Mastercard acquires blockchain security start-up CipherTrace
Payments giant aims to integrate CipherTrace’s crypto security and fraud detection capabilities.
Video: fintech news pick of the week – PayPal, Standard Chartered, Mastercard & more
Our top pick of news from the world of finance and tech in bitesize video format, every week.
Mastercard grows open banking offering with Aiia buy
The acquisition of the European open banking provider marks the latest move by Mastercard in the space.
CIBC acquires Costco’s Canadian credit card portfolio
CIBC will also become the exclusive issuer of Costco Mastercards in Canada.
Video: fintech news pick of the week – Mastercard, Ramp, PayPal & more
Our top pick of news from the world of finance and tech in bitesize video format, every week.
Mastercard confirms timescale for phasing out magnetic stripe
Stripe-less cards will be issued from 2024 for selected regions.
Lloyds and Mastercard sign open banking payments partnership
The new platform, PayFrom Bank, utilises Mastercard’s Payment Gateway technology.
Verizon and Mastercard forge partnership to bring 5G capabilities to payments
Internet of Things (IoT) sensor connectivity will be combined with near real-time edge computing.
Reserve Bank of India blocks Mastercard from onboarding new domestic customers
RBI claims Mastercard Asia/Pacific has failed to comply with an earlier directive on data storage.
Afterpay hires Mastercard exec Khoja to lead North American expansion
Zahir Khoja joins at a time of “rapid market expansion” for Afterpay.
Video: fintech news pick of the week – Klarna, Mastercard & BBVA
Our top pick of news from the world of finance and tech in bitesize video format, twice a week.
Mastercard and Visa pick new partnerships to drive biometric payments
Mastercard partners with FinGo following Visa’s deal with ADIB.
Telkom launches Africa’s first virtual card for transacting on WhatsApp
Telkom Pay users can now use WhatsApp to pay any merchant that accepts Mastercard.
Mastercard launches new initiative to support minority-owned fintech start-ups
The Start Path programme aims to support traditionally underrepresented fintech founders.
Nedbank and Mastercard launch WhatsApp payments with Money Message
South African bank aims to provide easy payments to small businesses.
Saudi Arabia launches new real-time payments system with IBM and Mastercard
The kingdom enlisted the help of IBM and Mastercard for the roll-out.
Hi55 Ventures, NTT DATA, Railsbank and Mastercard team up to reinvent payroll
The Hi card will give employees direct access to money they’ve earned in real-time, free of charge.
Mastercard acquires digital identity firm Ekata in $850m deal
Payments giant to combine Ekata with its own fraud and identity platforms.
Airtel Africa sells 25% stake in mobile money arm to Mastercard for $100m
Airtel Africa hopes to list the mobile money business as a separate entity.
US retail trade groups ask to join $5.54bn Visa and Mastercard lawsuit
The two bodies want permission to become parties in the lawsuit.
Pension builder Vantik signs card partnership with Mastercard
German fintech to issue new debit card for users in 2021.
ACI and Mastercard partner to provide Peruvian real-time payments
Peruvian clearing house CCE is deploying a collection of systems from the two companies.
Mastercard nabs UK market share with NatWest debit deal
Card issuer will now account for one in three debit cards in the UK.
Mastercard plans to raise fees for UK purchases from EU
“This smacks of opportunism,” says Kevin Hollinrake, chair of Fair Business Banking.
Mastercard makes undisclosed investment in Form3
The additional undisclosed funding follows its $33 million raised in August this year.
Mastercard faces UK’s largest ever £14bn class action lawsuit
“Businesses and consumers simply cannot afford to continue paying sky-high rates.”
South African BaaS provider Ukheshe to acquire local fintech Oltio
Oltio is a smaller South African firm which hosts QR code payments for Mastercard.
On-demand payment innovation at the heart of digital “new normal”
The COVID-19 pandemic has delivered industry changes in rapid time.
Supporting a changing workforce: real-time payments and the gig economy
Instant access by gig workers to their pay will create a healthier and more sustainable gig economy in the long-term.
Visa and Mastercard abusing UK duopoly, say retail groups
The major card schemes are accused using their position to charge increased fees.
Global card spend grows 13% in 2019, mostly down to China’s UnionPay
That’s according to a new report by Retail Banking Research (RBR).
