Sunday, May 05, 2024
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RBI, however, did not name the card network but said that only one card network has operationalised this arrangement of enabling businesses to make card payments through certain intermediaries to entities that do not accept card payments.

The development comes on the heels of the RBI initiating regulatory actions against Paytm Payments Bank.

It enhances cardholders' safety during online transactions by providing an option to complete the payment process as a guest and avoid saving card details

ALT ID is a custom-made capability developed by Mastercard to create an alternate identifier for the real card numbers provided by cardholders during guest checkout transactions on e-commerce platforms

In its first phase, this initiative will enable 100,000 women-owned small businesses in Rajasthan and Uttar Pradesh

The Kotak Myntra credit card will be available on MasterCard and RuPay networks

New updates are available as Xsolla partners with Mastercard, digital distribution hub continues to expand its solution offering