Credit, debit and prepaid cards issued in the Asia–Pacific region carrying the UnionPay, Mastercard, Visa, JCB, American Express and Diners Club brands generated $19.701 trillion in purchase volume for goods and services in 2022, a decrease of 1.4% on a local currency basis from 2021. The combination of purchase volume and cash volume (credit card […]
Mastercard introduced Multi-Token Network, a service intended to scale and secure digital transactions. It will incorporate previously announced products like Mastercard Crypto Credential. The company says a beta version of Multi-Token Network will be available in the UK this summer. The Bank for International Settlements collaborated with the Bank of England to build a […]
Total volume—purchases of goods and services combined with cash advances and withdrawals—was $40.645 trillion in 2022, a local currency percentage increase of 4.4% over 2021.
Beginning January 1, 2028, card manufacturers worldwide will be required to produce new Mastercard brand cards from recycled or bio-sourced materials.
The range of services available from Kount 360 help identify, prevent and respond to attempted fraudulent transactions.
Stables, an Australia-based digital wallet provider, has partnered with Marqeta to offer a Mastercard prepaid card. Users can convert digital assets into fiat currency for retail spending. TBD, a Block-owned developer platform focused on digital currencies, has partnered with Yellow Card, a digital currency exchange that operates in 16 African countries. In March, the companies […]
There were 54 acquisitions and financing deals in payment cards last year in 13 countries.
The company is a direct member of Visa and Mastercard
in the European Union, the UK, Singapore, New Zealand
and Australia.
The OpenWallet Foundation wants to change the status quo by facilitating global interoperability for digital wallets through creation of open-source software.
Brazil’s central bank announced it would launch a CBDC pilot, with public testing taking place at the end of 2024. Bybit, a digital currency exchange, launched a Mastercard debit card for customers in Europe. Users will be able to spend from several digital currencies with automatic conversion to fiat at the point of sale, as […]
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