Latest news with #Mastercard
Business Insider
16 minutes ago
- Business
- Business Insider
Visa (V) & Mastercard (MA) Shares Slip as Gamers Retaliate Over Censorship
Visa (V) and Mastercard (MA) shares were down on Tuesday as the payment processing companies faced backlash from gamers. A recent push from payment companies has resulted in the removal of several games with adult and mature themes from digital storefronts Steam and This prompted a response from gamers, who have created online petitions and started calling the support lines for Visa and Mastercard to complain about this. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. While the changes at Steam and initially focused on games with adult content, that has spread to include other titles with mature themes. One example of this is the removal of Mouthwashing from search results to comply with payment processors' demands. Mouthwashing is an award-nominated indie horror game that tackles serious subject matter, causing its inclusion in the recent censorship. Steam directly addressed the issue, saying, 'We were recently notified that certain games on Steam may violate the rules and standards set forth by our payment processors and their related card networks and banks. As a result, we are retiring those games from being sold on the Steam Store, because loss of payment methods would prevent customers from being able to purchase other titles and game content on Steam.' V and MA Stock Movements Today Visa and Mastercard shares were both down roughly half a percent on Tuesday. However, V stock remained up 12.25% year-to-date and was up 7.88% over that same period. While it's possible additional pressure from gamers could harm its services, it's unclear how significantly it could do so. Visa vs. Mastercard: Which Stock Do Analysts Prefer? Using the TipRanks stock comparison tool, traders can see which of the two payment processors analysts favor. Both Visa and Mastercard have Strong Buy ratings and similar price target upsides. The P/E ratios for the two stocks are also comparable.
Fintech News ME
2 hours ago
- Business
- Fintech News ME
UAE Banks to Raise Foreign Transaction Fees to 3.14% in September
Travellers using UAE-issued credit and debit cards overseas will soon face higher costs, as banks across the country prepare to increase the foreign transaction fee to 3.14% starting 22 September 2025. The revised fee will apply to all international purchases and ATM withdrawals. As reported by Time Out Dubai, the new total fee includes a 1% currency conversion charge by global card networks such as Visa, Mastercard, or American Express, alongside a 2.14% bank processing fee. This marks a significant jump from the current 2.09%. The adjustment affects any foreign transaction, including online purchases from international merchants and payments made during travel. For instance, spending AED 5,000 abroad would result in an added AED 157 in fees under the new structure. Travellers are also advised to avoid Dynamic Currency Conversion (DCC), a service offered by some foreign merchants to convert transactions into dirhams at the point of sale. While it may seem convenient, DCC often applies inflated exchange rates and does not exempt users from the foreign transaction fee. To minimise these charges, consumers may consider using cards that waive foreign transaction fees, limiting ATM withdrawals to fewer, larger amounts, declining DCC by opting to pay in the local currency, or exploring multicurrency prepaid cards offered by UAE-based fintechs. The UAE's domestic Jaywan card is expected to be introduced internationally later this year. While not yet globally available, it may offer a lower-cost alternative for international payments once launched. Travellers are encouraged to check their bank's fee schedules and available card options ahead of travel to avoid unexpected charges.
Biz Bahrain
3 hours ago
- Business
- Biz Bahrain
EazyPay brings Mastercard Receivables Manager to Bahrain to streamline B2B virtual card payments
Eazy Financial Services (EazyPay) has announced the launch of Mastercard Receivables Manager in Bahrain. EazyPay has become the first acquirer in the market to adopt the innovative solution that enhances virtual card payment processing for businesses. Mastercard Receivables Manager enables EazyPay to support merchants in automating their business-to-business (B2B) virtual card receivables. By eliminating manual processes, the solution helps improve efficiency, working capital and cash flow. With minimal integration and no need for application programming interface (API) implementation, the customizable platform streamlines the capture of virtual card payments, processes them straight through, and delivers remittance data directly to merchants' accounting systems. 'EazyPay supports businesses with digital payment solutions designed to simplify operations and elevate the customer experience. As virtual cards gain traction for supplier payments, Mastercard Receivables Manager empowers us to strengthen the B2B payments ecosystem across key industries and large market segments,' said Nayef Tawfeeq Al Alawi, founder, managing director and CEO, EazyPay. 'At Mastercard, we are committed to delivering value-added services that help acquirers and their merchants operate more efficiently. Receivables Manager addresses a critical challenge for suppliers managing high volumes of virtual card payments by automating processing, reducing time and boosting efficiency. We are proud to collaborate with EazyPay to bring this transformative solution to Bahrain's dynamic business landscape,' said Saud Swar, country manager, Saudi Arabia, Bahrain, Jordan and other Levant, Mastercard. The total value of B2B transactions worldwide is expected to more than double over the next seven years, reaching over $213 trillion by 2032. Virtual card payments are playing a key role in this growth, with B2B virtual card spend forecasted to exceed $14 trillion by 2029. This surge reflects a growing demand among businesses for digital solutions that enhance payment processing efficiency, automate receivables, and strengthen cash flow management.
Zawya
3 hours ago
- Business
- Zawya
EazyPay brings Mastercard Receivables Manager to Bahrain
Eazy Financial Services (EazyPay) has announced that it has entered into a deal with Mastercard for the launch of Mastercard Receivables Manager in Bahrain in bid to elevate the customer experience. With this, EazyPay has become the first acquirer in the market to adopt the innovative solution that enhances virtual card payment processing for businesses. Mastercard Receivables Manager enables EazyPay to support merchants in automating their business-to-business (B2B) virtual card receivables. By eliminating manual processes, the solution helps improve efficiency, working capital and cash flow, said the statement. With minimal integration and no need for application programming interface (API) implementation, the customisable platform streamlines the capture of virtual card payments, processes them straight through, and delivers remittance data directly to merchants' accounting systems, it stated. Virtual card payments are playing a key role in this growth, with B2B virtual card spend forecasted to exceed $14 trillion by 2029. This surge reflects a growing demand among businesses for digital solutions that enhance payment processing efficiency, automate receivables, and strengthen cash flow management. On the key partnership, Founder, Managing Director and CEO Nayef Tawfeeq Al Alawi, said: "EazyPay supports businesses with digital payment solutions designed to simplify operations and elevate the customer experience. As virtual cards gain traction for supplier payments, Mastercard Receivables Manager empowers us to strengthen the B2B payments ecosystem across key industries and large market segments." "At Mastercard, we are committed to delivering value-added services that help acquirers and their merchants operate more efficiently. Receivables Manager addresses a critical challenge for suppliers managing high volumes of virtual card payments by automating processing, reducing time and boosting efficiency," he stated. Saud Swar, the country manager, Saudi Arabia, Bahrain, Jordan and other Levant, Mastercard, expressed delight at collaboration with EazyPay to bring this transformative solution to Bahrain's dynamic business landscape. The total value of B2B transactions worldwide is expected to more than double over the next seven years, reaching over $213 trillion by 2032, he added. Copyright 2025 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Mid East Info
6 hours ago
- Business
- Mid East Info
EazyPay brings Mastercard Receivables Manager to Bahrain to streamline B2B virtual card payments - Middle East Business News and Information
Manama, Bahrain;July 2025: Eazy Financial Services EazyPay has announced the launch of Mastercard Receivables Manager in Bahrain. EazyPay has become the first acquirer in the market to adopt the innovative solution that enhances virtual card payment processing for businesses. Mastercard Receivables Manager enables EazyPay to support merchants in automating their business-to-business (B2B) virtual card receivables. By eliminating manual processes, the solution helps improve efficiency, working capital and cash flow. With minimal integration and no need for application programming interface (API) implementation, the customizable platform streamlines the capture of virtual card payments, processes them straight through, and delivers remittance data directly to merchants' accounting systems. 'EazyPay supports businesses with digital payment solutions designed to simplify operations and elevate the customer experience. As virtual cards gain traction for supplier payments, Mastercard Receivables Manager empowers us to strengthen the B2B payments ecosystem across key industries and large market segments,' said Nayef Tawfeeq Al Alawi, founder, managing director and CEO, EazyPay. 'At Mastercard, we are committed to delivering value-added services that help acquirers and their merchants operate more efficiently. Receivables Manager addresses a critical challenge for suppliers managing high volumes of virtual card payments by automating processing, reducing time and boosting efficiency. We are proud to collaborate with EazyPay to bring this transformative solution to Bahrain's dynamic business landscape,' said Saud Swar, country manager, Saudi Arabia, Bahrain, Jordan and other Levant, Mastercard. The total value of B2B transactions worldwide is expected to more than double over the next seven years, reaching over $213 trillion by 2032. Virtual card payments are playing a key role in this growth, with B2B virtual card spend forecasted to exceed $14 trillion by 2029. This surge reflects a growing demand among businesses for digital solutions that enhance payment processing efficiency, automate receivables, and strengthen cash flow management.
