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The Latest Breaking News from Mastercard

Philip Belamant net worth | Evening Standard Tech Rich List

A serial fintech entrepreneur, the Rand Afrikaans University IT graduate set up and sold on two other payment companies before founding Zilch in 2018. It raced to a $2 billion valuation in just two years, offering a transparent approach to buy-now-pay later services. Belamant’s experience in providing payment platforms in…

Evening Standard

Virtual card option for Google Wallet

TrueMoney, a leading e-payment and financial service provider, has joined forces with Mastercard and Google to enable users to add TrueMoney Mastercard virtual prepaid card, previously known as WeCard, to Google Wallet.

Bangkok Post

Ex-Mastercard CEO Ajay Banga confirmed as World Bank leader

Former Mastercard CEO Ajay Banga, an Indian army officer’s son with decades of corporate experience, has been confirmed to lead the World Bank for a five-year term that starts next month

The Independent UK

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Reverse ATMs take bills, dispense cards as stores go cashless

Sports stadiums and amusement parks are all shunning cash — but often required to take it

Axios

CBI suspends policy and membership activities after exodus

A second unnamed employee alleged that she had been raped by a colleague in an article on Friday

Insider UK

List of companies and organisations which have left the CBI

The trade body claims to represent around 190,000 businesses across the UK.

The Independent UK

New India-born World Bank chief: Real change or rebranding?

The incoming president of the World Bank was born in India and had his early success in business there

The Independent UK

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Inside the struggles of Summit Powder Mountain and its ill-fated tech utopia

It was designed to be a haven for techies and billionaires. Instead, ten years on, it’s a “9,000-foot monument to the hubris of Silicon Valley’s big ideas.”

Fortune

Saudi Fintech Sector Sees Unprecedented Growth

A report by the Washington-based Saudi-American Business Council pointed to an “unprecedented” growth in the field of startup investments. Saudi Arabia has one of the most developed financial services sectors in the Middle East and North Africa region. The report indicated that during August 2022, the Kingdom witnessed a 79…

Asharq Al-Awsat

Biden pick Ajay Banga cleared to take top job at World Bank

The Biden administration’s choice to run the World Bank — former Mastercard CEO Ajay Banga — appears to have a lock on the job

The Independent UK

Can this former CEO fix the World Bank and solve the world's climate finance and debt crises as the institution's next president?

Over the past two years, a drumbeat of calls for reforming the World Bank has pushed its way onto the front pages of major newspapers and the agenda of heads of state.

The Conversation

Apple rolls out buy now, pay later service, with guardrails

Apple is getting into the buy now, pay later space with a few tweaks to the existing model, including no option to pay with a credit card

The Independent UK

Caught in the FTX storm: how a crypto high-flyer fell to Earth

The Maps payments app run by British-educated cryptocurrency tycoon Alex Grebnev, who was backed by Sam Bankman-Fried, has lost its Mastercard partnership amid a row over Russian users

The Guardian - UK

Asda shopper furious after £99 blocked from her account when she bought petrol

The idea of the pre-authorisation check at petrol pumps is that it blocks out money from your account - £99 at Asda, but at other supermarkets it is £120 - so the store knows you can afford to pay for your fuel

Daily Mirror

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Barchart

Mastercard Stock Option Trade: An Easy Way to Boost Your Trading Profits

Mastercard (MA) stock is sitting above the 200-day moving average and is rated a 40% Buy according to the Barchart Technical Opinion. The following trade will do well if the stock stays above 335 between now and April 6th.

TechRadar

I tested the Stripe Terminal - read what I thought of this POS solution

Stripe offers a versatile solution that works for different business niches. However, I recommend it mainly for medium and large-scale enterprises, not small businesses.

The Money Edit

Paying at the pump: why is my payment card pre-authorised for up to £120 when I fill up?

If you choose to ‘pay at the pump’ when filling up with fuel, your payment card could be pre-authorised for up to £120. We explain why this happens and what it means for motorists

Reuters

French minister to raise protection of minors with Pornhub's new owners

A French government minister will meet the new owners of the pornography website Pornhub to ensure minors are protected and that the site does not break any laws, he said on his Twitter account on Friday.

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The Guardian - UK

Pornhub owner MindGeek sold to private equity firm

Buyer Ethical Capital Partners targets industries requiring ‘principled ethical leadership’

Wales Online

Drivers confused as petrol pumps freeze £120 in account no matter what you spend

The money never actually leaves your account

Manchester Evening News

Why £120 is being taken from drivers' accounts at petrol stations in Greater Manchester as customers outraged

It comes after drivers told the M.E.N they were 'absolutely fuming' about the new rule

The Guardian - US

‘The story is really complicated’: inside the controversial world of Pornhub

A Netflix documentary aims to show all sides of a politicized battle between protecting and destroying a long-running porn site and its many workers

Chronicle Live

Tesco shoppers 'gobsmacked' at policy that sees £120 taken from bank accounts at petrol station

Motorists were left 'absolutely fuming' after noticing the charge, which has been introduced at the forecourts in a bid to stop customers driving off without paying

Nottingham Post

Motorists angry with Tesco for taking 'crazy' amount from their bank accounts

£120 taken from driver who paid at pump, despite putting in only £15 of petrol

Daily Mirror

Tesco charges every driver £120 when they fill up for fuel - and motorists are furious

The new policy is being rolled out on Tesco forecourts across the UK due to the rising cost of fuel, and is intended to stop people driving off without paying for fuel

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