Mastercard Inc

Mastercard Inc reported a steep drop in overseas spending on its cards due to the pandemic that overshadowed a first-quarter profit beat, sending the payments processor's shares down more than 2%.

Mastercard Inc reported a nearly 6% drop in first-quarter profit on Thursday, mainly driven by a steep decline in cross-border spending on its cards because of a slump in international travel due to the COVID-19 pandemic.

Mastercard Inc reported a 5.6% drop in first-quarter profit on Thursday, mainly driven by a steep decline in cross-border spending on its cards because of a slump in international travel due to the COVID-19 pandemic.

Mastercard Inc and U.S. cryptocurrency exchange Gemini will launch the first credit card that gives users digital currency "rewards" on purchases this year, deepening the involvement of major payment firms in the emerging asset class.

Mastercard Inc said on Monday it would acquire digital identity verification company Ekata in a deal valued at $850 million. (Reporting by Niket Nishant in Bengaluru; Editing by Shinjini Ganguli)

Brazilian payments firm Elo has chosen six banks to manage its initial public offering, four sources close to the matter said, in the first concrete sign it is proceeding with a move first proposed by shareholders in August.

Mastercard Inc will invest $100 million in Airtel Africa's mobile money operations valuing the business at $2.65 billion, the London-listed company said on Thursday.

Global payment processor Mastercard Inc will invest $100 million in Airtel Africa's mobile money operations, valuing the business at $2.65 billion, the London-listed company said on Thursday.

Mastercard is among five companies which broke the law for cartel behaviour when offering pre-paid cards to vulnerable members of society, Britain's Payment Systems Regulator said on Wednesday.

Brazil's central bank on Tuesday cleared the way for Facebook's WhatsApp messaging service to let its users send each other funds using the Visa Inc and Mastercard card networks, months after vetoing WhatsApp's initial attempt.

Mastercard, a global payment processor, is battling attempts to add about 14 million deceased people to a 14 billion pound-plus ($19.3 billion) British class action in an effort to limit the scope of the historic case.

Mastercard Inc on Thursday pushed back against attempts to add compound interest to a 14 billion-pound ($19.2 billion) British consumer class action during a specialist court hearing to certify and agree the scope of the historic case.

* Former ombudsman says 46 million adult Britons were overcharged

Mastercard will link bonuses for its senior executives to environmental, social and corporate-governance initiatives, Chief Executive Officer Michael Miebach said in a note on the payment processor's website on Wednesday.

Mastercard Inc and Visa Inc on Tuesday postponed plans to raise the fees U.S. merchants pay when customers use cards online until April next year, as businesses continue to struggle during the COVID-19 pandemic.

Mastercard Inc has postponed plans for changes in interchange fee until April next year, the payments processor said in an emailed statement on Tuesday.

A Mastercard Inc executive said on Wednesday that the payment network's decision to prohibit merchants from handling marijuana transactions was motivated by its concerns with legal and reputational risk during his testimony at a bank fraud trial in Manhattan of two men accused...

Deutsche Bank and Mastercard said on Wednesday they would deepen their collaboration as the German lender aims for a greater share of the payments business.

The Swiss Competition Commission (COMCO) has opened an investigation of Mastercard Inc into possible obstruction of SIX's National Cash Scheme (NCS), a set of rules for withdrawals and other transactions at banks' cash machines, the watchdog said on Tuesday.