In a significant move to address past financial discrepancies, Visa and Mastercard have unveiled a refund program aimed at returning $197 million to affected users. This initiative comes as a relief during challenging economic times,

Shares in payments groups Visa (V) and Mastercard (MA) were lower in value today on concerns that they could both face regulatory action in the

Mastercard and Visa are under scrutiny for reportedly allowing transactions on illegal gambling websites that have defrauded UK customers. According to an investigation by Investigate Europe, the payment giants have failed to prevent their networks from being used for transactions on unlicensed sites, despite a previous pledge to do so.

Visa and Mastercard are leading payment network providers with numerous services revolving around these networks. Explore why V and MA stocks have strong growth.

Mastercard is a long-term compounder with strong growth potential, wide moat, and high profitability. Read more about MA stock here.

Mastercard appeared to be down with users in the US, UK, France and elsewhere reporting problems with payments.

The UK payments regulator has warned Visa and Mastercard it will introduce “remedies” to tackle a lack of competition and transparency in the card payments market that it said was costing British businesses millions of pounds a year.

Stablecoins are solving a very real problem across Africa: currency instability and banking inefficiencies. Nigeria: After the naira devalued by 30%, stablecoin transactions surged as people sought refuge in USD-backed tokens. Ethiopia: When the birr lost value in 2023, stablecoin use jumped 180% YoY.

Revolut and Visa have launched legal challenges against the UK’s Payment Systems Regulator (PSR) over its decision to impose caps

The Payment Systems Regulator (PSR) has said its review into Mastercard and Visa has found that the companies hiked their processing fees by at least 25 per cent between 2017 and 2023.