India is more optimistic than APAC about normalcy post Covid-19: Mastercard Survey
MasterCard | Asia - Pacific Hub
by Barkha Patel
3y ago
81% of Indians believe that contactless payments are here to stay Across categories, 90% of Indians have increased online purchases or purchased online for the first time; 64% of Indians feel secure while doing that 71% of Indians want to travel for leisure in 2021 More Indian respondents are optimistic about their financial situation reaching normalcy within 6 months as compared to the respondents from rest of APAC   New Delhi – March 22, 2021 – As India undertakes the world’s largest vaccination program to counter Covid-19 and more business places open up, the Indian consumers ar ..read more
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Mastercard and Razorpay join hands to make digital payments more accessible for MSMEs and startups
MasterCard | Asia - Pacific Hub
by Barkha Patel
3y ago
India – February 16, 2021 – To drive digital payments acceptance by small businesses and startups in India, Mastercard and Razorpay have launched a strategic partnership that combines Razorpay’s payment processing capabilities with Mastercard’s trusted and secure digital banking solutions and card services. The partnership will empower Indian micro, small and medium enterprises (MSMEs) in digitizing their operations, maintaining business continuity in the challenging environment and preparing for the future beyond cash. Before the outbreak of COVID-19, around 90 per cent of India’s retail ..read more
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Open to the Future – 58% of Aussie SMEs optimistic for future of business despite ongoing uncertainty
MasterCard | Asia - Pacific Hub
by Barkha Patel
3y ago
Innovation the bright spot of the pandemic, with 70% of businesses now more comfortable pivoting or launching new products or services Seven in 10 SMEs believe they will come back stronger in 2021, with more than half forecasting an increase in revenue of at least 10% during the next 12 months Mastercard’s Getting Back to Small Business program has released a raft of new resources in 2021 to support Aussie small businesses   SYDNEY – FEBRUARY 11, 2021 – Small and medium sized businesses (SMEs) across Australia have faced significant challenges amid COVID-19. Despite this, new research b ..read more
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Mastercard launches Priceless™ India to showcase country’s rich heritage to domestic and global travelers
MasterCard | Asia - Pacific Hub
by Barkha Patel
3y ago
Cardholders can avail Priceless™ experiences in India’s most iconic cities including Jaipur, Mumbai, Delhi, Agra, Banaras, Cochin, Backwaters of Kerala, and many more      India – 9th February 2021: Mastercard today announced the launch of its flagship Priceless™ program in India. The program – known as Priceless™ India – will enable domestic and global travellers who are Mastercard cardholders to attain unique insights and exclusive access to several unparalleled experiences in the country. The program will roll out in two phases. In the first phase, Mastercard will launch ..read more
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Mastercard partners with SAP Concur to deliver automated expense and invoice management for businesses in Asia Pacific
MasterCard | Asia - Pacific Hub
by Barkha Patel
3y ago
SINGAPORE – FEBRUARY 5, 2021 – Mastercard has partnered with SAP Concur to deliver a faster and more efficient expense and invoice management process to banks, companies and government agencies in Asia Pacific for transactions with corporate cards. As businesses and governments seek to increase visibility across payments, optimize credit lines and leverage data to strengthen supplier relationships, the partnership offers best-in-class transaction  solutions along with closer alignment between commercial card providers and their clients. “This powerful pairing offers the best of both world ..read more
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Sokin announces partnership with Mastercard in South Asia to expand fixed-price payments service and cost-effective currency exchange
MasterCard | Asia - Pacific Hub
by Barkha Patel
3y ago
LONDON/NEW DELHI – JANUARY 29, 2021 – Sokin, the new generation fintech payment firm, has signed a partnership agreement with Mastercard in South Asia to provide its fixed-price payment services in India, Sri Lanka, Bangladesh, Nepal and the Maldives. Sokin is the only global payments provider that will provide a fixed-fee subscription-based payment service for fast and cost-effective currency exchange with no hidden charges. Mastercard’s global network and extensive reach in South Asia will allow millions of people to access Sokin’s instant payment network using Mastercard’s trusted and secur ..read more
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Aussie businesses quickly shift operations to digital to mitigate impact of COVID-19 on bottom line
MasterCard | Asia - Pacific Hub
by Barkha Patel
3y ago
Of the 52% of Australian businesses that accelerated their shift to ecommerce, 68% did so within just one week of exploring the option, while one in five (20%) did so within 24 hours New report suggests 62% of local businesses have adopted strategies to rebuild sales, with customer discounts and personalised shopping experiences among the most popular Mastercard has added new tools to its Getting Back to Small Business support program, including the Small Business Digital Readiness Diagnostic to help SMEs go digital   SYDNEY – JANUARY 18, 2021 – Small businesses have been among the hard ..read more
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Mastercard launches one-stop resource site to support digital transformation of SMEs in Asia Pacific
MasterCard | Asia - Pacific Hub
by Barkha Patel
3y ago
SINGAPORE – JANUARY 18, 2021 – To help small and medium enterprises (SMEs) recover from the pandemic and prepare for the future, Mastercard has launched the Digital Acceleration for Small Businesses microsite across most of its Asia Pacific websites with information and resources on how to digitalize and run businesses more efficiently. As COVID-19 drives a rapid and lasting shift to e-commerce and contactless payments, the one-stop center features guides on digital transformation, e-learning courses, information about Mastercard products and services for SMEs, cyber security insights and too ..read more
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Mastercard pioneers Cloud Tap on Phone, its first pilot of Cloud Point of Sale (POS) acceptance technology
MasterCard | Asia - Pacific Hub
by Barkha Patel
3y ago
Mastercard and its partners move services to the Cloud, democratizing access to payments technologies Move unlocks opportunities for partners worldwide to enable contactless payments acceptance via a mobile phone   Purchase, NY – January 11, 2021 – Mastercard has partnered with NMI and Global Payments Inc. to launch its first live Cloud Tap on Phone pilot with Computer Engineering Group (CEG), a California-based independent IT services provider. Cloud Tap on Phone is one of Mastercard’s innovative next generation acceptance products, with the software hosted on Microsoft’s Azure Cloud p ..read more
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Mastercard Partners with Sri Lanka Tourism Promotion Bureau to Help Revive Tourism
MasterCard | Asia - Pacific Hub
by Barkha Patel
3y ago
Kimarli Fernando, Chairperson, Sri Lanka Tourism Promotion Bureau (left) and Rajesh Mani, Country Manager, Sri Lanka & Maldives, Mastercard (right) COLOMBO – December 21, 2020 – Expanding on its longstanding partnership with the Sri Lanka Tourism Promotion Bureau (SLTPB), Mastercard today announced that it has entered into an agreement with the SLTPB to offer Mastercard’s Tourism Insights platform, as well as consulting services at no cost to the Government to support the revival of the island nation’s tourism sector. This is part of Mastercard’s ongoing efforts to assist the Government ..read more
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