The MCC loophole: How it grew into a Rs 3,000 crore problem
The story behind ICICI Bank's interchange recovery effort starts with merchant category codes and the economics they shape.
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The story behind ICICI Bank's interchange recovery effort starts with merchant category codes and the economics they shape.
Some payment aggregator companies have faced penalties by card networks for misclassifying merchants under the utility merchant category codes.
We looked at Suresh Sethi's appointment at Visa; Razorpay's repositioning ahead of IPO; and how partnerships with players like OpenAI are helping Indian IT firms stay in the game...
Sethi succeeds Sandeep Ghosh, who spent over four years in the position before departing to explore other opportunities.
The startup is building an AI-native mobility infrastructure designed to eliminate friction in cross-border travel.
The RBI has directed payment aggregators to stop the misuse of education merchant category codes (MCC)...
Two years after the RBI halted commercial card-based vendor payments, the regulator has now turned its attention to another 'corporate credit card' structure.
A quick update on Visa’s move to discontinue the special pricing for utilities; and why TPG's JV with TCS to build AI data centres is not a mere coincidence.
Khilan Haria, CPO, Razorpay, said in the statement that early results have shown a 3x higher usage of saved cards and improved retention.
One of the sources told The Head and Tale that out the Rs 1,013 crore raised by PayU from its parent entity Prosus recently, a little over Rs 500 crore has been used to...
Visa has sent out a communication to its fintech partners asking them to stop Business Payment Service Provider (BPSP) transactions.