Science and technology, explained simply
At the end of last week, the Antimonopoly Committee of Ukraine (AMCU) allowed payment companies Mastercard and Visa to reduce the level of domestic interbank fees. This was reported by the press service of the department. The rate cut applies to domestic interbank fees for consumer payment details. The relevant amendments are made to the […]
Visa Inc. and Mastercard Inc. are planning to increase the commission paid by many retailers when accepting credit and debit cards. Bloomberg reports. According to the publication, Visa will start charging additional fees in October for online transactions, and in April for commercial credit, debit, and payment cards, as well as for prepaid payments. According […]
Mastercard and Visa have decided to suspend their cooperation with Binance, a major cryptocurrency exchange that is facing problems due to international regulations. Companies obviously want to distance themselves from cryptocurrency markets. This was reported by Bloomberg. Starting in July, Viza stopped issuing new joint cards with Binance in Europe. Mastercard will also terminate all […]
International payment systems Visa and MasterCard plan to increase the interchange rate* to 0.9% starting July 1, 2023. Accordingly, the acquiring fee paid by businesses for each non-cash transaction to banks and payment systems will increase. This will entail hundreds of millions of hryvnias of additional costs for Ukrainian businesses per year. Ukrainian retailers are […]
Visa has announced the launch of She’s Next, a digital community platform for women entrepreneurs from Eastern and South Eastern Europe, Central Asia and the Caucasus, created in partnership with Emerging Europe, a respected business and community development platform specializing in the region. The purpose of the platform is to bring together entrepreneurs from different […]
Fintech startup “Online Kasa” and Visa have launched a service that allows you to use a smartphone as a platform for accepting contactless card payments. This was reported by Forbes with reference to Visa’s press release. The new tool will be useful for micro and small businesses (beauty salons, service stations, convenience stores, etc.) that […]
Since the start of the full-scale Russian-Ukrainian war, the Bolt and Visa regional teams have joined forces to help the civilian population. They are currently continuing to work on assistance and implementing new initiatives. Since the beginning of March, Bolt and Bolt Food, with the support of Visa in Ukraine, have already allocated over one […]