Hear from Ari Sarker, President, Asia Pacific
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David Mann, Chief Economist, Asia Pacific, speaks with CNBC Squawk Box about Asia’s healthy travel recovery and the ongoing upside for China’s tourism spending that is expected to remain through 2024.
Hundreds of people are killed each year as elephants lose their natural migratory corridors and must roam farther afield for food.
New insights from the Mastercard Economics Institute reveal that consumers are taking advantage of a more traditional travel ecosystem in 2023, prioritizing leisure travel and pioneering new corridors around the world.
With merchants estimated to suffer more than US$48 billion in eCommerce fraud globally in 2023 – 22% of that in Asia – Mastercard today announced the expansion of its partnership with Vesta, the global leader in payment fraud protection.
Mastercard has partnered with Maldives Transport & Contracting Company (MTCC) and Bank of Maldives (BML) to roll out the first multi-model, open loop transit payment and digital ticketing system in South Asia.
Mastercard today hosted Fahmi Fadzil, Malaysia’s Minister of Communications and Digital, for the opening of its new office and launch of its Data & Services (D&S) Hub in Kuala Lumpur, which will serve clients across the Asia Pacific region with a suite of offerings beyond transactions.
Wakayama Prefecture, The Kiyo Bank, Ltd., The Kiyo Card DC Co., Ltd., Mitsubishi UFJ NICOS Co., Ltd., and Mastercard have agreed to jointly discuss and develop potential solutions with the aim of upgrading the spending process for municipal goods and services procurement, utility bills, and business trips by optimizing payment methods with a view to introducing card programs.
Mastercard announced it is accelerating efforts to remove first–use, PVC plastics from payment cards on its network by 2028. This initiative further reinforces the company’s sustainability commitments and scales the accessibility of more sustainable card offerings for consumers seeking a way to reduce the environmental impact of their wallet.
Music fans can now get their hands on the limited release Mastercard Music Pass NFT, which unlocks access to exclusive content and experiences from the Mastercard Artist Accelerator. The unique program will prepare five emerging musical artists from around the world with the tools and skills to harness Web3 technologies to reimagine their creative processes and grow their careers in the digital economy.
Mastercard, in collaboration with the Indonesian National Council for Financial Inclusion (DNKI) and Mercy Corps Indonesia, launched Mastercard Strive Indonesia, a three-year initiative that aims to empower 300,000 Indonesian small businesses to succeed in the digital economy.
LUBUDS and Mastercard announced a new partnership that will see the two companies co-creating tantalizing offerings for diners. Cardholders will enjoy priceless experiences and exclusive privileges at restaurants across Hong Kong.
Mastercard is conducting a pilot with Service NSW and Tipple to allow consumers to verify their age securely and seamlessly in the digital and physical world.
Checkout.com and Mastercard announced that they will make Mastercard Send™ available to more Checkout.com customers in the Asia Pacific region, starting in Australia and Hong Kong SAR later this year.
Mastercard announced an industry-leading partnership with Universiti Teknologi Malaysia (UTM) to build a Cyber Innovation Hub. The facility aims to build a cyber-ready workforce in Malaysia, expanding industry expertise while strengthening the country’s cyber resilience capabilities to future proof its digital economy.
Mastercard and end-to-end fraud protection platform Vesta have partnered to deliver state-of-the art fraud management solutions for merchants in Asia Pacific. The partnership will involve the integration of Mastercard’s Cyber & Intelligence (C&I) products and solutions into Vesta’s transaction guarantee platform, and will allow merchants to eliminate online fraud and grow their business.
Mastercard has been approved as an unrestricted Accredited Data Recipient (ADR) by the Australian Competition and Consumer Commission (ACCC), under the Consumer Data Right (CDR). The accreditation will enable Mastercard to unlock the potential of open banking for more Australian businesses and consumers, as it has in the U.S. and Europe.
Web3 tech innovator, Immersve has partnered with Mastercard to give consumers the ability to use cryptocurrency directly from their web3 wallet to make digital, physical or even metaverse purchases, wherever Mastercard is accepted.
General Incorporated Foundation KANSAI Tourism Bureau and Mastercard have agreed to form an alliance to expand and promote tourism in the Kansai region. This includes working towards promoting tourism in relation to the Expo 2025 Osaka, Kansai, and drive a shift to a digital economy.
New research from Mastercard reveals an organization’s performance in diversity, equity and inclusion (DE&I), security and sustainability play a critical role in consumer purchasing decisions.
New research commissioned by Mastercard in partnership with Blind Sports Australia (BSA) revealed seven in ten Australians agree the sports industry has made progress to be more diverse, however there is still work to be done to ensure everyone feels like they belong.
ATX Fintech Holding Sdn. Bhd. (ATX) announced a partnership with Mastercard to launch Mastercard® Bill Pay, a new bill management tool that combines electronic bill presentment and payment in one place. The platform transforms the way bills are presented and makes the payments experience secure, more efficient and seamless.
Mastercard today announced the appointment of Gautam Aggarwal as Division President for South Asia & Country Corporate Officer, India, effective January 1. With his new remit, Gautam will oversee all of Mastercard’s activities across South Asia and India, including product management, engagements with customers and regulators, marketing and more.