Tag Archives: Mastercard


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Facebook’s Libra currency abandoned by major financial companies

10 October, 2019 9:00 am 9:00 am

CALIFORNIA (Reuters) – Facebook Inc’s ambitious efforts to establish a global digital currency called Libra suffered severe setbacks as major payment companies including Mastercard and Visa Inc quit the group behind the project. The two companies announced they would leave the association Friday afternoon, as did EBay Inc, Stripe Inc. and Latin American payments company … Read More


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PayPal becomes first member to exit Facebook’s Libra Association

10 October, 2019 9:43 am 9:43 am

WASHINGTON (Reuters) – US payments processor PayPal Holdings Inc said it was leaving Libra Association, the entity managing the Facebook-led effort to build global digital currency Libra, making it the first member to exit the group. PayPal said it would forgo any further participation in the group and would instead focus on its own core … Read More


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Visa, Mastercard reconsider backing Facebook’s Libra: WSJ

10 October, 2019 9:42 am 9:42 am

(Reuters) – Visa (VN), Mastercard Inc (MA.N), Visa and other key financial partners may reconsider their involvement in Facebook Inc’s (FB.O) cryptocurrency, Libra, the Wall Street Journal reported on Tuesday, citing people familiar with the matter. The financial backers to Libra did not want to attract regulatory scrutiny and declined Facebook’s requests to publicly support … Read More


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India to impose retaliatory tariffs on 28 US goods

06 June, 2019 12:43 pm 12:43 pm

NEW DELHI (Reuters) – India will impose higher retaliatory tariffs on 28 US products including almonds, apples and walnuts from Sunday, following Washington’s withdrawal of key trade privileges for New Delhi. The new duties take effect from Sunday, a government notification said, in the latest trade row since US President Donald Trump took office in … Read More


Interior Minister Ch Nisar orders suspension of NADRA-Mastercard agreement

01 January, 2017 7:04 pm 7:04 pm

ISLAMABAD (92 News) – Interior Minister Ch Nisar has taken notice of an agreement signed between the NADRA and Master Card for financial transactions, ordering its immediate suspension. Addressing a press conference on Thursday, he said that the agreement was signed without written permission. “Neither the stakeholders were consulted nor security issues kept in the … Read More