Apple announced that Apple Pay will be available for U.S. consumers via the iOS 8.1 update on Monday, October 20th. With 8.1, Apple Pay will be available to MasterCard cardholders on their iPhone 6, iPhone 6 Plus, iPad Air 2 and iPad mini 3. The MasterCard Digital Enablement Service (MDES) enables MasterCard consumer credit or
Compass Plus, an international provider of retail banking and electronic payments software to processors and financial institutions, has announced that with its technological assistance, Kenya Commercial Bank is now able to offer acceptance of contactless cards based on MasterCard PayPass technology. The certification process was completed in less than a month making the bank one
Habib Bank Limited, Pakistan’s largest commercial bank, and MasterCard announced a partnership which will pave the way for the introduction of MasterCard’s innovative payment tools in Pakistan that will provide a safe, simple and secure payment experience to cardholders. The announcement was made during a signing ceremony held at the MasterCard’s office in Dubai between
South African small and mid-sized merchants cite cost (34 percent), data security concerns (23 percent) and lack of know how (21 percent) as the greatest barriers to technology adoption, according to the new MasterCard Merchant Scope study. The study investigates how small and mid-sized merchants from the retail, services, restaurant and hospitality industries use technology,
HomeSend, a joint venture between MasterCard , eServGlobal, and BICS, announced an agreement with Indosat to make remittance services available to the company’s 60 million subscribers in Indonesia. Through Indosat’s Dompetku Mobile Money platform, users can safely send and receive funds across Indonesia’s largest mobile money network. HomeSend will also be the first international remittance
MasterCard Incorporated has announced financial results for the second quarter of 2014. The company reported net income of $931 million, up 10%, or 9% adjusted for currency, and earnings per diluted share of $0.80, up 14%, in each case versus the year-ago period. Acquisitions had no impact on earnings per diluted share. Net revenue for
Econet’s Mobile Money service,EcoCash, has announced a landmark agreement with MasterCard that will significantly assist in reducing cash dependence and increase financial inclusion through the provision of electronic payments in Zimbabwe. The collaboration will result in more than three million MasterCard debit cards being issued to mobile money provider EcoCash’s customers in the next five
In an ongoing process geared at setting the pace for the full scale rollout of the Equity 3.0 strategy aimed at facilitating a cash lite economy in East Africa, Equity Bank has now confirmed its partnership with some of the world’s leading merchant business and payment processing firms. The Bank, which reported a 58% growth
MasterCard and Guaranty Trust Bank Gambia (GTBank Gambia) have announced a collaboration that will broaden the acceptance of MasterCard payment cards in The Gambia. Consumers can now use their MasterCard prepaid, credit and debit cards at GTBank Gambia ATMs and Point of Sale (POS) terminals including hotels, restaurants and retailers. “Tourists and business travelers carrying
Following the successful acquisition of ElectraCard Services Private Limited, (“ECS”), MasterCard has announced that it has appointed Ram Chari as Chief Executive Officer of ECS. Based in Pune, India, Mr. Chari will lead the electronic payments solution provider in delivering the full spectrum of processing solutions and services to enhance MasterCard’s offerings across Asia/Pacific, Middle
