Browsing: Mastercard

Shailendra Naidu, CEO, Obopay, said, “Digital payments can be a game changer for farmers in today’s technologically driven ecosystem. We are proud to collaborate with Mastercard and develop solutions that will empower farmers in a commercially sustainable way by helping them access online payments and credit.”

Around 80% of monthly active users on PhonePe have tokenized their cards following RBI’s tokenisation guideline and nearly 100% of eligible transactions on the app are securely processed via tokens now, PhonePe said.

On July 14, 2021, RBI had imposed restrictions on Mastercard to onboard new customer over lapses found in compliance with RBI’s 2018 circular on Storage of Payment System Data.