mastercard

Pine Labs aims to take Indian fintech global even as it cuts valuation for IPO

Fintech /

Pine Labs, an Indian merchant-commerce startup backed by PayPal and Mastercard, is going public this week at a valuation about 40% lower than its last private round — even as it doubles down on plans to take its fintech platform global. The Gurugram-based fintech has set a price band of ₹210–₹221 (about $2.00–$2.50) a share, […]

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Mastercard denies pressuring game platforms, Valve tells a different story

Media & Entertainment /

The outcry after a recent marketplace crackdown on games with adult content, seemingly due to pressure from payment processors, prompted Mastercard to release a brief statement Friday pushing back against recent headlines. “Mastercard has not evaluated any game or required restrictions of any activity on game creator sites and platforms, contrary to media reports and

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Itch.io is the latest marketplace to crack down on adult games

Commerce /

Indie video game marketplace Itch.io announced this week that it has “deindexed” adult and not-safe-for-work games, removing them from its browse and search pages. The move, the company said, was in response to a campaign by Collective Shout (an advocacy group that has previously criticized video games, rap music, and lingerie commercials) targeting both Itch.io

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India’s payment push is cutting out Visa and Mastercard

Government & Policy /

As global regulators increase their scrutiny on Visa and Mastercard over merchant fees, India has chosen a different path: creating rival payment networks that are increasingly sidelining international card networks. The strategy builds on India’s Unified Payments Interface, known as UPI, a nine-year-old system that now processes more than 13 billion real-time transactions monthly, or

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