 "Visa, Mastercard and American Express miss RBI's data localisation deadline")
Mastercard, the global payments industry major, will invest Rs 250 crore in India over five years to help reboot Indian Small Micro Enterprises (SMEs) and enable business recovery.
SMEs' dependence on the cash-economy and supply chain disruptions have made India’s small and medium businesses among the hardest hit from the Covid-19 pandemic.
To address these challenges, Mastercard will roll out initiatives to improve digital payments awareness among small businesses. It will provide low-cost online and offline acceptance solutions that are simple, safe and secure.
