This digital payments solution enables Airtel Payments Bank customers to make secure and convenient digital payments at over 1,00,000 ecommerce websites and other online portals, Mastercard said in a statement.
More than 600 participants from public and private sector as well as civil society are expected to participate in the India forum that would be hosted along with industry body CII.
"To date, there are more than 300,000 merchants who have deployed Bharat QR, the world's first globally inter-operable payments solution," said Ajay Bhalla, President of Global Enterprise Risk & Security at MasterCard.
Apart from allowing users to simply tap and pay on the go using their registered cards, the service, Samsung Pay, has integrated Paytm as well as the government's Unified Payments Interface (UPI) into the application, the South Korean giant said in a statement here.
At a time when players in the BFSI space are battling attrition, global payments technology company Mastercard has managed to keep attrition under 5 percent with a mix of steps to encourage innovation and inclusive career development.
Soon paying for your cinema ticket or buying prescription pills over the counter will become easier and less time conusming. In a move to make retail payments seamless, the RBI today introduced BharatQR or quick response platform.
"India is one of the top priorities in the region. We have increased our investments in India by over 30 percent in the last two years and we are going to increase it even more," Sam Ahmed, Mastercard's senior vice-president of marketing for Asia Pacific, told PTI here.
Mastercard, one of the largest financial transaction firms, which currently sponsors sports like Golf and Football in India, is in talks to finalise the details that is expected to further enhance its presence in the country.
The collaboration comes amid the government's all out efforts to make a large part of the domestic economy cashless.
Nadella has been ranked fifth among 50 global corporate heads by Fortune Magazine in its annual 'Businessperson of the Year' compilation, followed by CEO of Milwaukee-based maker of water heaters A O Smith Ajita Rajendra on the 34th spot, HDFC Bank's Managing Director Aditya Puri on the 36th position and Banga on 40th.
More than 60,000 retailers across India depend on Pine Labs to securely and reliably manage their Payment Acceptance.
RBL Bank becomes the first bank to integrate the Masterpass QR service into the OnGo digital wallet, its mobile platform powered in conjunction with India Transact Services, Mastercard said in a statement.
Speaking to CNBC-TV8 AP Hota of National Payments Corporation of India said that in September a number of complaints came forth from banks indicating their customer cards were being used in China when they were in India.
India's Economic Times newspaper, which first reported the news, said the bank filed a preliminary report about the breach to the regulator, Reserve Bank of India, and that it had hired EY to carry out an investigation.
A security breach in ATM provider Hitachi, giving fraudsters access to personal bank information, will see lenders replacing as many as 3.2 million debt cards, reports The Economic Times.
"USD 19 million capital has been committed into Zeta in two rounds. We have planned a serious push as far as marketing is concerned," Zeta CEO and co-founder Bhavin Turakhia said.
Some 46 million people in Britain could potentially benefit from a legal case brought against Mastercard demanding 14 billion pounds (USD 19 billion) in damages for allegedly charging excessive fees, according to court documents filed in London.
India needs to keep its smart city vision in mind while it addresses issues such as sanitation and transport, in order to achieve its 100 Smart City goal.
Ranked 7th, HDFC is the only Indian company in top-ten in this category, where others include Capital One, Visa and MasterCard.
Ajay Banga is one of the nine members of the Commission on Enhancing National Cybersecurity appointed by Obama, a White House announcement said.
The deal comprises end-to-end production, supply and personalisation services of Visa, MasterCard and RuPay branded EMV debit cards along with Personal Identification Number (PIN).
Ajay Banga, Board Member & CEO, MasterCard and John Chambers, Executive Chairman, CISCO are bullish on India and expect investments of around USD 40 billion in two-three years.
The latest index on consumer confidence covering Asian markets released today said that India stayed stable, with consumers maintaining their extremely optimistic outlook.
"India is sitting on the cusp of a digital revolution," the Union Minister for Communications and IT Ravi Shankar Prasad on Friday told executives of top American IT firms in a round table here.