Mastercard

Mastercard will require, starting February 2027, that newly issued credit and debit cards in Europe support offline payments, and by May 2027 new payment terminals must also enable the feature. Offline transactions are authorized locally by storing spending limits on the card chip; individual transactions may not exceed €200 and the specific limits are set by the issuing bank. The feature is intended to ensure payments work during network or power outages at supermarkets, petrol stations, pharmacies and ticket machines; Visa offers similar offline options and Girocard solutions are only available within the German Girocard network. » Altro su heise.de

At the Goldman Sachs conference Mastercard CFO Ling Hai said revenue growth is the top priority and is being supported by organic investments, targeted acquisitions and a strong balance sheet. The services business now accounts for about 40% of net revenue and drives operating leverage, while cybersecurity, stablecoins and domestic payment systems are new strategic focuses. Mastercard sees big opportunities in China, the UAE, Southeast Asia, Africa and Eastern Europe; in the UAE an on‑shore switch was highlighted as a model for sovereign payment infrastructures. The company expects stable demand, a further rise in the services share and strengthened cross‑border as well as domestic relevance. » Altro su de.investing.com

Mastercard has introduced Wallet Pay, a solution portfolio for interoperability of digital wallets across contactless, QR-code and online payments. The platform supports numerous payment providers (including AlipayHK, GCash, KakaoPay, TenPay) and offers global access to acceptance points, card issuance support and merchant acceptance for cards and wallets. Wallet Pay enables money transfers to over 200 countries in 150 currencies, promotes connecting consumers without bank accounts and can link more than 3.7 billion Mastercard cards to digital wallets. » Altro su de.investing.com