Tag: Transactions

Mastercard (MA) to Spur Digital Transactions in Sri Lanka

Mastercard Incorporated MA recently extended its alliance with Central Bank of Sri Lanka (CBSL) in a bid to accelerate digital transactions across Sri Lanka. A case in point is Mastercard’s extension of support to the ‘Cash Wade’ campaign rolled out by CBSL in March. Notably, shares of Mastercard gained 1.1% in the last day’s trading as of Sep 24.

In addition to supporting the campaign that demonstrates the advantages of digital transactions over physical handling of cash, Mastercard has commenced another initiative for backing consumers and businesses across Sri Lanka in adopting digital transactions.

It has rolled out a cashback rewards promotion, which can be availed at the time of utility bill payments. Payments of INR 1,000 and above to selected utility service providers made by cardholders will be entitled to a cashback benefit of INR 250. To name a few, Ceylon Electricity Board (CEB) and Sri Lanka Telecom are

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Mastercard announces support for CBSL’s ‘Cash Wade’ campaign to expand digital transactions

Launches rewards offer for online utility payments

COLOMBO – September 23, 2020 – Mastercard today announced its support for the Central Bank of Sri Lanka’s (CBSL) ‘Cash Wade’ campaign which aims to increase the adoption of digital transactions in Sri Lanka.

The global technology company is set to embark on several initiatives aimed at encouraging consumers and businesses around Sri Lanka to enjoy the convenience and security offered by its digital payments solutions.

As part of this endeavor, Mastercard has launched a cashback rewards promotion on utility bill payments. Cardholders can avail a cashback of Rs.250 on payments of Rs.1,000 and above to utility service providers such as Ceylon Electricity Board (CEB) and Sri Lanka Telecom as well as other select partners. The offer is applicable to all payments made on the partner merchant’s website or mobile app using any Mastercard debit or credit card issued in Sri Lanka.

Commenting

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Google Pay ties up with Visa to enable digital token transactions, NFC payments

Users can use their debit or credit card to make payments through a secure digital token attached to their phone.

New Delhi: Google Pay on Monday announced the rollout of tokenisation across its platform that will enable users to safely transact with their debit or credit cards. Through tokenisation, Google Pay Android users can use their debit or credit card to make payments through a secure digital token attached to their phone without having to physically share their credit or debit card details.

The feature will also facilitate use of tap-to-pay feature on near-field communications (NFC)-enabled point of sale (PoS) terminals and online merchants, a statement said.

 

“Working in close partnership with Visa and banking partners, this feature is now available to all users of Axis and SBI Card, with Kotak and more banks expected to follow suit very soon,” it added.

The feature also works with online merchants, delivering

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No need to share Visa card details, Google Pay introduces digital token transactions

New Delhi: Google Pay on Monday announced the rollout of tokenisation across its platform that will enable users to safely transact with their debit or credit cards. Through tokenisation, Google Pay Android users can use their debit or credit card to make payments through a secure digital token attached to their phone without having to physically share their credit or debit card details.

The feature will also facilitate use of tap-to-pay feature on near-field communications (NFC)-enabled point of sale (PoS) terminals and online merchants, a statement said.

 

“Working in close partnership with Visa and banking partners, this feature is now available to all users of Axis and SBI Card, with Kotak and more banks expected to follow suit very soon,” it added.

The feature also works with online merchants, delivering more native and seamless OTP experiences without any redirects to 3D secure sites, the statement said.

To enable the tap

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Handling Card Debt And Disputed Transactions During The Pandemic

Know Your Rights Regarding Chargebacks, Covid-19 Travel Cancellations

As the Covid-19 pandemic swept the globe, it caused an immediate and massive disruption to the travel industry, and consumers everywhere began to panic. A flood of demands for refunds on prepaid airline, hotel and tour reservations overwhelmed companies. Many mitigated the damage by offering flexible rebooking options or vouchers for future travel, some with adding incentives, to avoid paying back so much of their capital to confused and frustrated customers. All kinds of hospitality providers now face the possibility of a huge volume of chargebacks being demanded due to Covid-caused cancellations. [Travel Pulse]

Struggling with Credit Card Debt? Here’s What You Can Do with Them During Covid-19

You may be focused on what the coronavirus pandemic means for going to work, sending your children to school, or enjoying

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Should You Take Comfort From Insider Transactions At Alpha Financial Markets Consulting plc (LON:AFM)?

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Goldman Sachs: These 3 Stocks Are Poised to Surge by at Least 40%

Is the market’s recent run of record high levels another bubble? And is the recent retreat the beginning of a burst, or just a correction? Will investors take heart from the strong August jobs report? And what about the election – how will the nation’s unstable political scene impact the financial markets? These are just a few of the questions that investors must answer as September heats up.Two strategists from investment giant Goldman Sachs have weighed in on market prospects in recent days, and have published diverging opinions. For the bulls, Jan Hatzius sees the employment numbers as the key data point, saying that even if growth has slowed from its breakneck pace in the immediate aftermath of the economic reopenings, it should remain strong in the coming months.Equity strategist Christian Mueller-Glissman, however, sees the current

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