Fintech and Visa vs. Mastercard
Visa and Mastercard remain the giants in the payments industry despite having different business models, but with the evolving financial landscape, will they be able to maintain this?
Latest Mastercard News
Mastercard AI chatbot to guide online shoppers through digital catalogs
Mastercard's Shopping Muse seeks to transform e-commerce with AI, offering personalized recommendations and recreating in-store experiences.
BIS urges central banks to move fast on CBDC as Visa stablecoin threat looms
The Bank for International Settlements general manager and the governor of South Korea’s central bank talked about the need for CBDCs, with both voicing concerns about Visa and Mastercard stablecoin.
Mastercard turns to AI for digital currency fraud crackdown
Mastercard and Feedzai team up against money laundering and digital currency fraud, using real-time alerts and advanced AI for robust consumer protection, saving billions and addressing fraud detection tool gaps.
Mastercard pilot in Australia demonstrates how CBDC could wipe out stablecoins
Mastercard demonstrated how a digital Australian dollar can be “wrapped” and deployed on various public blockchains, competing with existing stablecoins.
Sealed SEC filing has Binance bracing for US criminal charges
The SEC's filing against Binance could lead to one of two things if disclosed to the public: a criminal investigation or putting a company or witness at risk.
Uzbekistan: 2 banks approved to transact digital currency cards
Uzbekistan has allowed Kapital and Ravnaq Bank to pilot the release of the digital asset card UzNEX, which will test the integration of automated banking system with Mastercard's payment system and more.
Mastercard AI-powered tool seeks to assist financial institution crackdown fraud
Mastercard stated that combining its AI capabilities and "unique network view of account-to-account payments" will be a game-changer in cracking down on scams.
Nigeria leads the world in digital asset awareness at 99%: report
The report says 67% of internet users want to own their data, and 4 in 5 want control over their online identity, with Nigeria, South Africa, and Brazil leading in awareness.
Mastercard applies for new blockchain tools trademarks
Intellectual property lawyer Michael Kondoudis revealed that Mastercard’s latest filing focuses on providing VASPs with downloadable application programming interfaces (APIs) for several uses.
Mastercard accelerator program for musicians is powered by NFTs
As disclosed in Mastercard's blog post, music and Web3 fans have until the end of the month to redeem digital collectibles via Mastercard Music Pass NFT.
Public blockchains—the other option
Public blockchains also provide enterprise solutions despite its issue in scalability, and despite the popularity of private blockchains in businesses, it also has its fair share of woes.