Mastercard introduces contactless payment on SBI Card App



a hand holding an object in his hand: To use this feature, SBI Card Mastercard cardholders will have to do a one-time registration of their card on the latest version of their mobile app. Once registered, they can complete payments simply by unlocking their phone screen and bringing the mobile near the contactless PoS terminal.


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To use this feature, SBI Card Mastercard cardholders will have to do a one-time registration of their card on the latest version of their mobile app. Once registered, they can complete payments simply by unlocking their phone screen and bringing the mobile near the contactless PoS terminal.

Mastercard and SBI Cards today announced the launch of their contactless payments on the SBI Card app. SBI card claims to be the first app of a credit card issuer in India to use Mastercard’s tokenization platform, Mastercard Digital Enablement Service (MDES), that allows payment credentials to be securely tokenized and stored in mobile devices.

With this service, SBI Card Mastercard cardholders will not be needed to carry physical cards and can transact at any contactless point of sale terminal using their mobile. So, the cardholders can pay up to Rs 2,000 with just a tap on

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SBI Credit Card users alert! Tap and go! Mastercard introduces this new feature on app



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Ever since the outbreak of Covid-19, contactless payments have emerged as the safest way of making payments as they are more secure and require minimum physical contact between the merchant and customer. Now, Mastercard and SBI Cards & Payment Services Ltd. (SBI Card) on Wednesday announced the launch of contactless payments on the SBI Card app. This is the first-ever app of a credit card issuer in India to use Mastercard’s tokenization platform, Mastercard Digital Enablement Service (MDES), that allows payment credentials to be securely tokenized and stored in mobile devices.

What are the benefits for SBI Credit Card users?

– With this service in place, SBI Card Mastercard cardholders need not carry physical cards and can transact at any contactless point of sale terminal using their mobile.

-So, the cardholders enjoy the benefit of paying upto INR 2,000 with just a tap on their

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Mastercard Incorporated Publishes Updated Fourth-Quarter 2020 Operating Metrics on Company’s Website

The MarketWatch News Department was not involved in the creation of this content.

Mastercard Incorporated (NYSE: MA) today published updated operating metrics for its fourth quarter through the week ending November 21, 2020. The metrics are available on the company’s Investor Relations website at investor.mastercard.com and have also been filed with the Securities and Exchange Commission (SEC) on a Form 8-K.

About Mastercard Incorporated (NYSE: MA), www.mastercard.com

Mastercard is a global technology company in the payments industry. Our mission is to connect and power an inclusive, digital economy that benefits everyone, everywhere by making transactions safe, simple, smart and accessible. Using secure data and networks, partnerships and passion, our innovations and solutions help individuals, financial institutions, governments and businesses realize their greatest potential. Our decency quotient, or DQ, drives our culture and everything we do inside and outside of our company. With connections across more than 210 countries and territories,

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Mastercard Incorporated Publishes Updated Fourth-Quarter 2020 Operating Metrics on Company’s Website

Mastercard Incorporated (NYSE:MA) today published updated operating metrics for its fourth quarter through the week ending November 21, 2020. The metrics are available on the company’s Investor Relations website at investor.mastercard.com and have also been filed with the Securities and Exchange Commission (SEC) on a Form 8-K.

About Mastercard Incorporated (NYSE:MA), www.mastercard.com

Mastercard is a global technology company in the payments industry. Our mission is to connect and power an inclusive, digital economy that benefits everyone, everywhere by making transactions safe, simple, smart and accessible. Using secure data and networks, partnerships and passion, our innovations and solutions help individuals, financial institutions, governments and businesses realize their greatest potential. Our decency quotient, or DQ, drives our culture and everything we do inside and outside of our company. With connections across more than 210 countries and territories, we are building a sustainable world that unlocks priceless possibilities for all.

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Surge in e-commerce seen in Qatar, post-pandemic: Mastercard

Mastercard has been working with businesses, financial institutions and other stakeholders to advance digital payments in Qatar, even as the global technology company in the payments industry sees a surge in online shopping, post-pandemic.
According to Mastercard, the pandemic has reinforced the necessity to continue evolving the safe and secure consumer payment experience. From a simplified online checkout experience to an in-store tap on a contactless terminal, it is evident that being able to respond to the rapidly evolving consumer expectations is a critical priority.
“As a trusted payments partner to the State’s retail sector, we continue to work with them in response to evolving consumer needs. Consumers in Qatar today are enjoying the benefits and convenience of online shopping and are seeking virtual experiences unlike ever before. This in turn makes cybersecurity all the more important and through technologies such as tokenisation, we are ensuring that in addition to

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Mastercard (MA) Ties Up for Improved Payment Service in Singapore

Mastercard Incorporated MA recently inked a deal with Sokin, which makes the latter the principal member and card issuer for Mastercard in Singapore. Notably, Sokin, which was founded in 2019, has emerged as a leading financial service provider that offers seamless international payments devoid of commission at a fixed monthly fee. In fact via reliable partners, Sokin not only aids businesses and customers in making payments across more than 200 countries but also enables foreign exchange services across more than 150 countries and in more than 35 various currencies.

Shares of Mastercard have lost 0.6% in the last two day’s trading.

The new deal further adds to the benefit offered by Sokin’s newly introduced subscription-based payment service, which is expected to be available in the first quarter of next year.

The new offering is likely to pave the way for improved payment services as the proprietary technology of Sokin facilitates

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77% of KSA consumers are shopping more online since the start of pandemic, reveals Mastercard study

According to the survey, groceries, healthcare, apparel and banking have seen the highest surge of online activity.

More than 68% of Saudi consumers said they had shopped online for groceries, 73% for clothing, and over 65% of respondents said they had purchased medicine online. And, as e-commerce increasingly becomes a part of everyday life, consumers are moving other aspects of their financial management to digital, with 64% of respondents having started banking online.

The research also reveals the rising impact of social media on consumer spending habits, with 58% and 61% of respondents saying they had discovered new sellers through Facebook and Instagram respectively.

Mastercard has been working with businesses, financial institutions and other stakeholders to advance digital payments in the Kingdom, and the pandemic has reinforced the necessity to continue evolving the safe and secure consumer payment experience. From a simplified online checkout experience to an in-store tap on

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UNICEF, MasterCard Foundation launch Coronavirus Education Recovery and Resilience Programme

General News of Monday, 23 November 2020

Source: GNA

2020-11-23

Madam Anne-Claire Dufay, UNICEF Representative in GhanaMadam Anne-Claire Dufay, UNICEF Representative in Ghana

The United Nations Children’s Fund (UNICEF) in collaboration with the Government of Ghana and MasterCard Foundation has launched the COVID-19 Education Recovery and Resilience Programme.

The virtual launch was addressed by Madam Anne-Claire Dufay, UNICEF Representative in Ghana; Madam Nathalie Akon Gabala, Mastercard Foundation’s Regional Head for Western, Central and Northern Africa, and Professor Kwasi Opoku-Amankwa, Director-General of Ghana Education Service.

This initiative is supporting efforts of the Ministry of Education and the Ghana Education Service to ensure that children had access to quality continuous education opportunities through the radio, while they were at home due to school closures.

The programme will also support back to school efforts to ensure that all children, and especially girls, returned to a safe environment to learn and remedial/differentiated teaching and learning to enable learners to catch

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SA Fintech, Ukheshe to acquire Oltio from Mastercard

Africa’s leading fintech platform provider, Ukheshe, announced it has entered into an agreement to acquire Oltio.



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Oltio developed Masterpass, which is Mastercard’s QR payment service in South Africa. 

In the wake of the coronavirus pandemic, people are rarely exchanging cash for goods and rather tap their cards to pay so as to avoid unnecessary contact.

Masterpass is a step up from this and allows people to pay for their items with their bank card by scanning a QR code with their mobile phone. 

Ukheshe has an established partnership with Mastercard, as it is a participant in Mastercard’s Accelerate programme –including Start Path and Fintech Express. 

The programme offers an access point to tap into Mastercard’s technology, data, expertise and global network of corporates and fintechs to help scale its operations globally.

Clayton Hayward, CEO, Ukheshe says Oltio is a natural fit for the company given

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Ukheshe set to acquire Oltio from Mastercard

By Floyd Matlala Time of article published1h ago

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One of Africa’s groundbreaking digital fintech companies Ukheshe is set to acquire Oltio from Mastercard. The digital payments platform which supports Masterpass and Mastercard’s QR payment service in South Africa enables people to safely pay for a wide variety of purchases with their bank card by scanning a QR code with their mobile phone.

The emerging tech platform which seeks to help banks & telcos provide SMME’s affordable digital Banking & Payment services has recently announced the new deal, saying it will strengthen its partnership with Mastercard.

Ukheshe CEO Clayton Hayward said Oltio is a natural fit for the company given its proven track record of developing mobile-centred solutions and the fintech’s strong existing partnership with Mastercard.

“Digital-first solutions for consumers remain a key priority and by enabling different customer segments as part of our

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