US Holiday Retail Sales Grow 3.1%
Mastercard SpendingPulse estimated that this year’s holiday in-store and online retail sales grew 3.1% year over year.
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Alchemy Pay Partners With Worldpay to Enhance On & Off-Ramp Payments
Alchemy Pay has entered into a strategic partnership with Worldpay acquirer to enhance its fiat-crypto payment gateway with credit and debit card functionality.
UK Regulator Proposes Cap on Mastercard, Visa Interchange Fees
A proposed cap on cross-border interchange fees charged by Visa and Mastercard aims to avoid businesses overpaying after Brexit eliminated fee limitations applied in the EU.
Payment Ring Users Won’t Replace It With Another Payment Method
Nine in ten European payment ring users prefer this payment method to all others, according to a recent survey.
Mastercard Unveils Gen-AI Assistant Shopping Muse
Advanced generative AI tool by Mastercard reimagines the search and discovery of products in retailers’ digital catalogues.
Mastercard JV to Process Domestic Payments in China
Mastercard joint entity in China received formal approval from the People’s Bank of China and the National Administration of Financial Regulation to start processing domestic payments in the country.
Mastercard to Use AI for Crypto Fraud Monitoring
Mastercard has partnered with the Feedzai technology platform to improve the monitoring and blocking of fraud activities across transactions from over 6,000 crypto exchanges with the help of AI.
Mastercard and CARE Launch Strive Women for Female Entrepreneurs
Mastercard Strive Women aims to strengthen the financial well-being of small businesses in the APEC economies, focusing on female-led enterprises.
Kazakhstan Welcomes CBDC-Linked Debit Card
The first CBDC debit card transaction in Kazakhstan was performed using the Digital Tenge Card on the 30th anniversary of the Tenge, Kazakhstan’s national currency.
Mastercard Launches Partnership With NEC in Biometric Payments
Mastercard announced the start of NEC’s partnership to introduce biometric control in the Asia-Pacific region.
Mastercard and Remitly Integrate Solutions to Expand Remittance Access
With the new integration of Send and Cross-Border Services by Mastercard, the Remitly platform will offer its customers more choices in remittance methods.
Mastercard Reports on Wrapped CBDC Solution Success
Mastercard has participated in the Reserve Bank of Australia (RBA) and the Digital Finance Cooperative Research Centre’s (DFCRC) central bank digital currency (CBDC) pilot project, showing positive results.
Mercedes Pay+ Introduces In-Car Biometric Payments
The partnership between Mercedes and Mastercard enables embedded in-car payments via fingerprint sensor
Mastercard Declares Disagreement With Credit Card Competition Act
Mastercard has sent a letter to several members of the United States Congress stating its disagreement with the provisions of the Credit Card Competition Act.
XBox and Mastercard Launch Co-Branded Credit Card
The Xbox Mastercard has no annual fee and offers numerous rewards to qualified Xbox Insiders
Travelex Launches Multi-Currency Travel Money Card in Japan
A foreign exchange company Travelex has introduced its prepaid foreign multi-currency card, accepted in more than 210 counties and regions worldwide, to the Asian market of Japan
