• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
PublishDashboard
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlertsPublish with Us
    Company
    AboutQuantisnow PlusContactJobsAI employees
    Legal
    Terms of usePrivacy policyCookie policy

    Mastercard Selects India for the Global Launch of Its Payment Passkey Service, Accelerating Secure Online Checkout for Millions of Shoppers

    8/29/24 12:00:00 AM ET
    $MA
    Business Services
    Consumer Discretionary
    Get the next $MA alert in real time by email

    Payment passkeys speed up transactions using biometrics, enhancing security and convenience for consumers and businesses

    During a keynote presentation at Global Fintech Fest in Mumbai, Mastercard announced the worldwide launch of its new Payment Passkey Service to make online shopping more secure and easier than ever. Debuting first in India as a pilot with some of the nation's largest payments players, including payment aggregators such as Juspay, Razorpay and PayU, online merchants such as bigbasket and leading banks such as Axis Bank, the service will give millions of consumers more control and peace of mind when checking out online.

    Despite the rising popularity of one-time passwords (OTPs) due to their ease of use, they are increasingly vulnerable to online scams such as phishing, SIM swapping and message interception. In India, the incidence of fraud cases has surged by nearly 300% in the last two years, as reported by the Reserve Bank of India's Annual Report for 2023-2024.

    Enter payment passkeys. They use device-based biometric authentication methods such as fingerprints or facial scans, but for an entirely new purpose: to streamline online shopping experiences. By replacing traditional passwords and OTPs, the Mastercard Payment Passkey Service makes transactions not only faster, but also more secure against fraud and scams. With payment passkeys, consumers can say goodbye to the hassle of forgetting or accidentally sharing their passwords or OTPs.

    The service leverages passkeys and tokenization to secure a consumer's online checkout interaction, ensuring that the transaction is secure and no financial account data is shared with third parties – rendering it useless to fraudsters and scammers. The Mastercard Payment Passkey Service is a game changer for online commerce:

    1. Shoppers choose their Mastercard when checking out as a guest or select a card already stored securely on file with a merchant.
    2. To confirm the payment, users can use the biometric authentication mechanism features on their device – whether it's a fingerprint, face scan or PIN.
    3. Upon successful authentication, the payment is instantly completed.

    "By introducing the Mastercard Payment Passkey Service in India, we're advancing secure online checkout and our vision for a token economy," said Jorn Lambert, chief product officer at Mastercard. "Through innovative technology that enhances security and convenience, we're creating a more transparent commerce ecosystem for all. As we continue to lead the way in digital payments, our commitment to achieving a tokenized future is stronger than ever."

    India, with its rapidly expanding payment ecosystem and advanced tokenization market, is embracing payment passkeys and enhanced biometric authentication in line with the Reserve Bank of India's goal for a safer, more resilient payment system. Payment passkeys aren't just about speed and convenience — they're about safety and enhancing a user's shopping experience. For businesses, it means fewer abandoned carts and less fraud. For consumers, it means faster checkouts and peace of mind.

    The Mastercard Payment Passkey Service is built for online or remote tokenized transactions, which today help significantly reduce fraud and increase approval rates. By combining the tokenization of payment credentials with seamless biometric authentication, Mastercard is bringing EMVCo, World Wide Web Consortium and the FIDO Alliance industry standards together to speed and secure the checkout experience.

    Following the initial pilot program in India, the company is set to roll out the Mastercard Payment Passkey Service to more consumers and financial institutions around the world over the coming months.

    Hear from our partners:

    "We are excited to be partnering with Mastercard to pilot its Payment Passkey Service as an alternate transaction authentication method and provide our customers a non-OTP-based solution for transaction management," said Sanjeev Moghe, president and head, Cards & Payments, at Axis Bank. "This will allow us to provide more engaging usage and in-app experience for customers who desire enhanced security and frictionless payments."

    "Enabling this industry-first proof of concept underscores Juspay's commitment to empower merchants with innovation and technology that improves the e-commerce experience," said Sheetal Lalwani, chief operating officer and co-founder of Juspay. "We believe this solution will help our merchant customers improve payment success rates and overall sales. With this pilot, merchants can significantly improve the payment experience for end consumers, allowing them to make payments easily, without multiple redirects, in a safe and secure way using device biometrics. We are working with Mastercard in shaping a future where digital payments are seamless and accessible to all, enabling merchants to better serve their customers."

    "As the country's payment ecosystem matures, the demand for advanced and secure payment solutions is greater than ever," said Manas Mishra, PayU's chief product officer. "At PayU, we are relentlessly focused on pushing the boundaries of payment security and user experience as a resiliently progressive payments platform. Integrating the Mastercard Payment Passkey Service is a pivotal step in that direction. This partnership reflects our commitment to embracing cutting-edge payment technologies and reinforces our role in setting new benchmarks for security and efficiency in digital transactions."

    "We are thrilled to join forces with Mastercard to introduce its Payment Passkey Service in India, a groundbreaking initiative that enhances transaction security and user experience in remote commerce, leveraging the power of biometric authentication," said Arif Khan, chief innovation officer of Razorpay. "At Razorpay, our focus is on the 3 's's — safety, simplification and success rate — to ensure seamless and secure online payments. We strive to stay ahead of the curve by integrating advanced technologies that not only safeguard our merchants and their customers but also streamline the payment process."

    About Mastercard (NYSE:MA)

    Mastercard is a global technology company in the payments industry. Our mission is to connect and power an inclusive, digital economy that benefits everyone, everywhere by making transactions safe, simple, smart and accessible. Using secure data and networks, partnerships and passion, our innovations and solutions help individuals, financial institutions, governments and businesses realize their greatest potential. With connections across more than 210 countries and territories, we are building a sustainable world that unlocks priceless possibilities for all.

    www.mastercard.com

    View source version on businesswire.com: https://www.businesswire.com/news/home/20240828688022/en/

    Get the next $MA alert in real time by email

    Chat with this insight

    Save time and jump to the most important pieces.

    Recent Analyst Ratings for
    $MA

    DatePrice TargetRatingAnalyst
    6/2/2025$640.00Buy
    Truist
    4/9/2025Buy → Neutral
    Monness Crespi & Hardt
    2/4/2025$620.00Hold → Buy
    DZ Bank
    1/31/2025$640.00Neutral → Buy
    Monness Crespi & Hardt
    1/14/2025Buy → Neutral
    Seaport Research Partners
    10/1/2024$591.00Outperform
    Oppenheimer
    9/4/2024$525.00Neutral
    Compass Point
    9/3/2024$470.00Outperform → Neutral
    Exane BNP Paribas
    More analyst ratings

    $MA
    SEC Filings

    See more
    • SEC Form PX14A6G filed by Mastercard Incorporated

      PX14A6G - Mastercard Inc (0001141391) (Subject)

      6/5/25 10:01:01 AM ET
      $MA
      Business Services
      Consumer Discretionary
    • SEC Form IRANNOTICE filed by Mastercard Incorporated

      IRANNOTICE - Mastercard Inc (0001141391) (Filer)

      5/1/25 10:20:53 AM ET
      $MA
      Business Services
      Consumer Discretionary
    • SEC Form 10-Q filed by Mastercard Incorporated

      10-Q - Mastercard Inc (0001141391) (Filer)

      5/1/25 10:14:31 AM ET
      $MA
      Business Services
      Consumer Discretionary

    $MA
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    See more
    • Truist initiated coverage on Mastercard with a new price target

      Truist initiated coverage of Mastercard with a rating of Buy and set a new price target of $640.00

      6/2/25 8:52:53 AM ET
      $MA
      Business Services
      Consumer Discretionary
    • Mastercard downgraded by Monness Crespi & Hardt

      Monness Crespi & Hardt downgraded Mastercard from Buy to Neutral

      4/9/25 7:43:22 AM ET
      $MA
      Business Services
      Consumer Discretionary
    • Mastercard upgraded by DZ Bank with a new price target

      DZ Bank upgraded Mastercard from Hold to Buy and set a new price target of $620.00

      2/4/25 7:03:57 AM ET
      $MA
      Business Services
      Consumer Discretionary

    $MA
    Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • Director Matsumoto Oki covered exercise/tax liability with 86 shares, decreasing direct ownership by 1% to 7,725 units (SEC Form 4)

      4 - Mastercard Inc (0001141391) (Issuer)

      6/23/25 4:36:19 PM ET
      $MA
      Business Services
      Consumer Discretionary
    • Chief Commercial Pmts Officer Seshadri Raj sold $508,474 worth of shares (949 units at $535.80), decreasing direct ownership by 6% to 14,021 units (SEC Form 4)

      4 - Mastercard Inc (0001141391) (Issuer)

      6/23/25 4:31:09 PM ET
      $MA
      Business Services
      Consumer Discretionary
    • Chief Services Officer Vosburg Craig exercised 9,428 shares at a strike of $227.25 and sold $3,328,528 worth of shares (9,428 units at $353.05), increasing direct ownership by 0.00% to 58,451 units (SEC Form 4)

      4 - Mastercard Inc (0001141391) (Issuer)

      6/23/25 4:25:14 PM ET
      $MA
      Business Services
      Consumer Discretionary

    $MA
    Insider Purchases

    Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • Davis Richard K bought $390,960 worth of shares (1,000 units at $390.96), increasing direct ownership by 11% to 9,743 units (SEC Form 4)

      4 - Mastercard Inc (0001141391) (Issuer)

      11/9/23 4:51:48 PM ET
      $MA
      Business Services
      Consumer Discretionary

    $MA
    Press Releases

    Fastest customizable press release news feed in the world

    See more
    • Mastercard Announces Annual Meeting Results

      Mastercard Incorporated (NYSE:MA) announced the results of its annual meeting of stockholders, held today. At the meeting: The full slate of 12 directors was elected for a one-year term to expire at the next annual meeting of stockholders The compensation for the company's executive officers was approved on an advisory basis The appointment of PricewaterhouseCoopers, LLP as the company's independent registered public accounting firm for 2025 was ratified The three amendments to the Certificate of Incorporation were approved Neither of the two stockholder proposals were approved by the voters When final voting results are available, they will be filed with the Securities

      6/24/25 4:15:00 PM ET
      $MA
      Business Services
      Consumer Discretionary
    • Mastercard Board of Directors Announces Quarterly Dividend

      Mastercard Incorporated (NYSE:MA) today announced that its Board of Directors has declared a quarterly cash dividend of 76 cents per share. The cash dividend will be paid on August 8, 2025 to holders of record of its Class A common stock and Class B common stock as of July 9, 2025. About Mastercard (NYSE:MA) Mastercard powers economies and empowers people in 200+ countries and territories worldwide. Together with our customers, we're building a resilient economy where everyone can prosper. We support a wide range of digital payments choices, making transactions secure, simple, smart and accessible. Our technology and innovation, partnerships and networks combine to deliver a unique set of

      6/24/25 4:05:00 PM ET
      $MA
      Business Services
      Consumer Discretionary
    • Chainlink and Mastercard Partner to Enable Over 3 Billion Cardholders to Purchase Crypto Directly Onchain

      Chainlink and Mastercard are connecting the offchain payments world directly to the onchain DeFi world in close partnership with zerohash, Swapper Finance, Shift4 Payments, and XSwap, while leveraging the Uniswap protocol. SAN FRANCISCO, June 24, 2025 /PRNewswire/ -- Chainlink today announced a new partnership with Mastercard to securely enable payment cardholders worldwide to easily purchase crypto assets directly onchain through a secure fiat-to-crypto conversion. This breakthrough is powered by Chainlink's secure interoperability infrastructure and Mastercard's trusted global payments network, removing long-standing barriers that have kept mainstream users from accessing the onchain econo

      6/24/25 10:00:00 AM ET
      $MA
      Business Services
      Consumer Discretionary

    $MA
    Financials

    Live finance-specific insights

    See more
    • Mastercard Board of Directors Announces Quarterly Dividend

      Mastercard Incorporated (NYSE:MA) today announced that its Board of Directors has declared a quarterly cash dividend of 76 cents per share. The cash dividend will be paid on August 8, 2025 to holders of record of its Class A common stock and Class B common stock as of July 9, 2025. About Mastercard (NYSE:MA) Mastercard powers economies and empowers people in 200+ countries and territories worldwide. Together with our customers, we're building a resilient economy where everyone can prosper. We support a wide range of digital payments choices, making transactions secure, simple, smart and accessible. Our technology and innovation, partnerships and networks combine to deliver a unique set of

      6/24/25 4:05:00 PM ET
      $MA
      Business Services
      Consumer Discretionary
    • Mastercard Incorporated First Quarter 2025 Financial Results Available on Company's Website

      Mastercard Incorporated (NYSE:MA) today announced its first quarter 2025 financial results through an earnings release available on the company's Investor Relations website at investor.mastercard.com. The earnings release will be furnished with the Securities and Exchange Commission (SEC) on a Form 8-K and available here. At 9:00 a.m. ET today, the company will host a conference call to discuss these financial results. Conference Call Details: Toll-free dial-in: 1-888-330-2508 Toll dial-in: 1-240-789-2735 Conference ID: 6451878 A replay of the call will be available for 30 days using the following dial-in: Toll-free dial-in: 1-800-770-2030 Toll dial-in: 1-647-362-9199 Conference ID: 6451

      5/1/25 8:01:00 AM ET
      $MA
      Business Services
      Consumer Discretionary
    • Mastercard Incorporated to Host Conference Call on First Quarter 2025 Financial Results

      On Thursday, May 1, 2025, Mastercard Incorporated (NYSE:MA) will release its first quarter 2025 financial results. The company will host a conference call to discuss these results at 9:00 a.m. Eastern Time. The financial results will be posted on the company's website at investor.mastercard.com. The company will issue an alert over a news wire when the earnings materials are publicly available, including a link to those documents. Conference Call Details: Toll-free dial-in: 1-888-330-2508 Toll dial-in: 1-240-789-2735 Conference ID: 6451878 A replay of the call will be available for 30 days and can be accessed below: Toll-free dial-in: 1-800-770-2030 Toll dial-in: 1-647-362-9199 Conferenc

      4/10/25 4:10:00 PM ET
      $MA
      Business Services
      Consumer Discretionary

    $MA
    Leadership Updates

    Live Leadership Updates

    See more
    • Mastercard Announces Annual Meeting Results

      Mastercard Incorporated (NYSE:MA) announced the results of its annual meeting of stockholders, held today. At the meeting: The full slate of 12 directors was elected for a one-year term to expire at the next annual meeting of stockholders The compensation for the company's executive officers was approved on an advisory basis The appointment of PricewaterhouseCoopers, LLP as the company's independent registered public accounting firm for 2025 was ratified The three amendments to the Certificate of Incorporation were approved Neither of the two stockholder proposals were approved by the voters When final voting results are available, they will be filed with the Securities

      6/24/25 4:15:00 PM ET
      $MA
      Business Services
      Consumer Discretionary
    • Mastercard and PayPal to Partner on Mastercard One Credential to Supercharge Choice at Checkout

      Companies to co-develop new features using Mastercard One Credential, giving consumers multiple ways to pay Mastercard (NYSE:MA): What we are saying Mastercard and PayPal are teaming up to offer shoppers more choice and control over how they check out. Mastercard has innovated One Credential so that consumers can use a single credential that delivers multiple ways to pay and tailor their payment preferences. Whether shopping online or in store, shoppers will be able to use a single credential – no more juggling between multiple cards or payment methods. Now, Mastercard and PayPal will have the opportunity to codevelop new features utilizing Mastercard's One Credential and br

      6/4/25 4:20:00 AM ET
      $MA
      Business Services
      Consumer Discretionary
    • Susan Muigai Joins Mastercard as Chief People Officer

      Mastercard (NYSE:MA) announced today that Susan Muigai will join the company as Chief People Officer, effective April 7, 2025. Michael Fraccaro, the current Chief People Officer, will serve as an advisor until he leaves Mastercard at the end of the year. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250204051965/en/Susan Muigai (Photo: Business Wire) Susan will lead Mastercard's human resources strategy and function, focusing on all aspects of the organization, from culture to learning & development to talent acquisition and engagement to compensation and benefits. She will report to Michael Miebach, Mastercard's Chief Executiv

      2/4/25 9:31:00 AM ET
      $MA
      Business Services
      Consumer Discretionary

    $MA
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    See more
    • SEC Form SC 13G/A filed by Mastercard Incorporated (Amendment)

      SC 13G/A - Mastercard Inc (0001141391) (Subject)

      2/13/24 5:09:38 PM ET
      $MA
      Business Services
      Consumer Discretionary
    • SEC Form SC 13G/A filed by Mastercard Incorporated (Amendment)

      SC 13G/A - Mastercard Inc (0001141391) (Subject)

      2/12/24 8:25:46 AM ET
      $MA
      Business Services
      Consumer Discretionary
    • SEC Form SC 13G filed by Mastercard Incorporated

      SC 13G - Mastercard Inc (0001141391) (Subject)

      2/7/24 5:20:23 PM ET
      $MA
      Business Services
      Consumer Discretionary