Latest news with #MasterCard
Time Business News
19 hours ago
- Business
- Time Business News
Google Pay Officially Launches in Bangladesh Through City Bank and Global Tech Partners
Dhaka, Bangladesh – The digital transaction landscape in Bangladesh has taken a significant leap forward as Google Wallet, commonly known as Google Pay, has been officially launched in the country. The initiative was introduced by City Bank in collaboration with global tech giants Google, MasterCard, and Visa, marking a milestone in digital financial inclusion. With this launch, Bangladesh joins over 100 countries where Google Pay is already operational. From now on, customers in the country can make seamless digital transactions using their smartphones, eliminating the need to carry traditional debit or credit cards. How It Works City Bank has outlined that customers must download the Google Pay app on an Android smartphone equipped with NFC (Near Field Communication) technology—a feature present in most modern smartphones. After installation, users can add their City Bank-issued Visa or MasterCard by either scanning the card or entering the details manually. Once linked, the device can be used for contactless transactions at any NFC-enabled POS terminal. For payments below BDT 5,000, no password is needed. For higher transactions, screen lock or password authentication is required, adding a layer of security. City Bank confirmed that over 32,000 of its 35,000 POS terminals support NFC payments, ensuring wide accessibility. Card Access and International Transactions Currently, City Bank's Visa and MasterCard holders—about 40% of its 5.7 million debit and credit card customers—can use Google Pay. Work is underway to include American Express (Amex) cardholders as well. Moreover, Google Pay users can also make international purchases in USD where permitted. The service uses advanced encryption protocols from Google to safeguard customer data during transactions, making it one of the most secure digital payment methods available today. Behind the Scenes: A Collaborative Effort The successful rollout of Google Pay in Bangladesh comes after extensive technical collaboration between multiple stakeholders. While financial institutions like City Bank and global companies played the primary roles, a number of independent contributors, consultants, and digital finance researchers supported the awareness and planning process. Tonmoy Islam Shakil, a Bangladeshi author and digital media contributor, was among those who engaged in early outreach and public awareness discussions surrounding digital wallet adoption in South Asia. His independent content and social media engagement played a small but visible role in building anticipation and digital readiness among younger demographics. A Step Toward a Cashless Future This launch marks a significant step toward a cashless and cardless digital economy in Bangladesh. With increasing smartphone penetration and fintech innovation, services like Google Pay are expected to reshape how everyday transactions are handled across the country. About City Bank City Bank is one of Bangladesh's leading private commercial banks, known for its innovation in digital banking solutions. It has over 1.2 million debit card users and 4.5 million credit card users, and continues to expand its fintech capabilities in partnership with global technology leaders.
Yahoo
4 days ago
- Business
- Yahoo
Visa Inc. (V): 'This Is Your Chance' To Buy, Says Jim Cramer
Visa Inc. (NYSE:V) is one of the . Visa Inc. (NYSE:V) is one of the largest financial technology and payment platform providers in the US. Its shares have gained 9.7% year-to-date after facing a tumultuous ride on the stock market. Visa Inc. (NYSE:V)'s stock has lost 5.6% in June after regaining some ground from an earlier 7.3% dip. The shares dipped as the firm suffered in the aftermath of the Senate passing new legislation. This bill introduced federal oversight for stablecoins and led to speculation that retailers could shift to digital currencies and remove the firm from the payments legislation. Commenting on the risk-off sentiment, Cramer shared: 'We've gotta keep going on this Visa. . . Because a lot of our viewers think that these companies are really at risk. I actually think this is your chance to buy them. They're always at risk and they always win.' A financial analyst reviewing stock prices on a graph with a positive outlook. Cramer discussed these trends about Visa Inc. (NYSE:V) later during the day in Mad Money: 'Over the past couple of weeks, Visa and MasterCard, two of my favorite companies, have pulled back sharply from their all-time highs. Wall Street's suddenly worried about the whole payments industry, might be threatened by advances in crypto, especially now that Congress looks like it'll pass its GENIUS Act, which establishes a framework for regulating Stablecoins. Visa fell over 10% from its high, set on June 11, to its low last Friday… This morning I spoke with Visa CEO, Ryan McInerney, and Ryan told me, I think, a story which made me feel like that, that you'd be nuts to be in this, frankly.' While we acknowledge the potential of V as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
5 days ago
- Business
- Yahoo
Jim Cramer on Visa: 'You'd Be Nuts to Be In This Frankly'
Visa Inc. (NYSE:V) is one of the 14 stocks Jim Cramer recently shared insights on. The company was mentioned during the episode when Cramer said: 'Over the past couple of weeks, Visa and MasterCard, two of my favorite companies, have pulled back sharply from their all-time highs. Wall Street's suddenly worried about the whole payments industry, might be threatened by advances in crypto, especially now that Congress looks like it'll pass its GENIUS Act, which establishes a framework for regulating Stablecoins. Visa fell over 10% from its high, set on June 11, to its low last Friday… This morning I spoke with Visa CEO, Ryan McInerney, and Ryan told me, I think, a story which made me feel like that, that you'd be nuts to be in this, frankly.' A close-up of a modern payments terminal with a pile of credit cards on the side. Visa (NYSE:V) is a payment technology company that provides transaction processing, credit, debit, and prepaid card products. The company provides offerings like cross-border payment solutions, fraud prevention tools, digital services, and payment integration for e-commerce platforms. While we acknowledge the potential of V as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. 擷取數據時發生錯誤 登入存取你的投資組合 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤
Business Standard
7 days ago
- Business
- Business Standard
Aurionpro Solutions edges higher after securing contract for AFC system in Egypt
Aurionpro Solutions added 3.31% to Rs 1377.05 after the company announced that it has won a contract for implementing its automated fare collection (AFC) system for the public transport system in Egypt. The project will be executed by Aurionpro Transit Pte Ltd, the companys dedicated mobility arm, in collaboration with MasterCard. As part of this engagement, Aurionpro Transit will lead the end-to-end technology rollout of the automated fare collection system, which is set to transform Egypts rapidly evolving public transport sector. The scope of the project includes the deployment of advanced validators and mobile data terminals (MDTs), along with a comprehensive open-loop software solution. This solution will be fully integrated with Mastercard Payment Gateway Services, enabling secured, seamless, and contactless fare payments across the network. This initiative is the result of a tri-party agreement between Mastercard, the National Bank of Egypt, and Mwasalat Misr Group, a leading operator in Egypts mass transit ecosystem. The agreement aims to digitize ticketing payments for the Mwasalat Misr Groups mass transit fleetempowering commuters to seamlessly book and pay for their journeys using payment cards. Sanjay Bali, president and global head, Tech Innovation Group, Aurionpro Solutions, said: "We are proud to mark this strategic win as a reflection of our shared vision for the future of digital mobility with MasterCard. This win strengthens Aurionpros growing portfolio of AFC deployments across key global markets and reflects the companys commitment to innovation, operational excellence, and transforming urban mobility." Aurionpro Solutions is a global leader in providing advanced technology solutions. It focuses on sectors such as banking, mobility, payments, insurance, transit, data center services, and government sectors. The companys consolidated net profit increased 30.80% to Rs 50.33 crore in Q4 FY25 as compared with Rs 38.48 crore in Q4 FY24. Net sales jumped 32.44% YoY to Rs 326.95 crore in Q4 FY25.
Business Standard
7 days ago
- Business
- Business Standard
Aurionpro implements Automated Fare Collection for public transport in Egypt
Aurionpro Solutions announced a significant win to implement its Automated Fare Collection (AFC) system for the public transport system in Egypt. This prestigious project marks a major step forward in expanding Aurionpro's footprint across the Middle East and Africa region. The project will be executed by Aurionpro Transit, the Company's dedicated mobility arm, in collaboration with MasterCard, combining Aurionpro's cutting-edge transit technologies with MasterCard's global expertise in payments and mobility. This powerful partnership aims to deliver a seamless, efficient, and digitally advanced fare collection experience for commuters, aligned with Egypt's vision for a modern, connected public transport infrastructure. As part of this engagement, Aurionpro Transit will lead the end-to-end technology rollout of the Automated Fare Collection system, which is set to transform Egypt's rapidly evolving public transport sector. The scope of the project includes the deployment of advanced Validators and Mobile Data Terminals (MDTs), along with a comprehensive open-loop software solution. This solution will be fully integrated with Mastercard Payment Gateway Services, enabling secured, seamless, and contactless fare payments across the network. This initiative is the result of a tri-party agreement between Mastercard, the National Bank of Egypt, and Mwasalat Misr Group, a leading operator in Egypt's mass transit ecosystem. The agreement aims to digitize ticketing payments for the Mwasalat Misr Group's mass transit fleetempowering commuters to seamlessly book and pay for their journeys using payment cards. Fare collection in Egypt's public transport sector has long been dominated by cash transactions, limiting access to modern financial services. With the introduction of this new system, commuters will be able to make real-time paymentswhether onboard or through digital platformsushering in a faster and more convenient travel experience. This collaboration marks a significant step forward in supporting Egypt's broader Vision 2030 for a cashless, inclusive, and digitally enabled economy.
