During the B20 Summit 2023 the official G20 dialogue forum for the global business community, Michael Miebach, the CEO of Mastercard, said digital transformation has emerged as a driving force for India's economic growth. The country has harnessed the potential of digital public infrastructure to bring people into the digital...
U.S. Commerce Launches IPEF Upskilling Initiative to Train 7 million women
The U.S. Department of Commerce and the Office of the U.S. Trade Representative (USTR) launched the IPEF Upskilling Initiative, in support of the objectives of the Indo-Pacific Economic Framework (IPEF). The Initiative will be a public-private endeavor to support sustainable and inclusive economic growth by providing primarily women and girls in...
India’s Central Bank Lifts Business Restrictions on Mastercard
The Reserve Bank of India (RBI) lifted restrictions imposed on Mastercard Asia/ Pacific Pte Ltd., regarding on-boarding new domestic customers, with immediate effect. Per the RBI circular on Storage of Payment System Data dated April 6, 2018, all system providers were directed to ensure that within six months the full...
American Companies Jump in to Help India
Corporate America has sprung into action to help the people of India grapple with the devastating second wave in the Covid-19 pandemic. Here is a small sample of announcements from the last 24 hours: Air Products is allocating resources and assets from its operations around the world to support and maximize...
Mastercard to Invest $1 Billion in India
Keeping pace with the growth of India's digital payments market, Purchase, New York-based Mastercard announced a fresh investment of $1 billion over the next five years to increase its infrastructure in the country. The company expects to double its existing headcount from 2,000 to 4,000 during that period. Rajeev Kumar...
U.S., India, Form a New Strategic Partnership
On August 1, a powerful strategic partnership between the U.S. and India was officially launched in New Delhi by India's Finance and Defense Minister Arun Jaitley . The U.S.-India Strategic Partnership Forum (USISPF), a nonprofit corporation, will focus on stimulating business relations between the U.S. and India, and enhance the...