banking

RBI To Banks: Limit Ownership Stake In Insurers At 20%!

The Reserve Bank of India wants banks to limit their ownership in insurance companies! According to three sources in the know, RBI has unofficially directed Indian banks to cap their maximum threshold limit for holding ownership in capital intensive insurance...

Mastercard Quarterly Revenue by Segment

The above graph represents the Mastercard quarterly revenue by segment, starting from fiscal Q1 2008 to the recently completed quarter. The company's net revenue is classified into five categories: domestic assessments, cross-border volume fees, transaction processing, other revenues and...

Mastercard Quarterly Expenses by Type

The above graph represents the Mastercard quarterly expenses by type, starting from fiscal Q1 2002 to the recently completed quarter. Mastercard's total operating expenses amounted to $1,798 million in Q1 2020, representing 44.8% of the company's total revenue. The...

Mastercard Revenue vs Net Income by Quarter

The above graph represents the Mastercard revenue vs net income by quarter, starting from fiscal Q1 2001 to the recently completed quarter. Mastercard global revenue and net profit, both declined a notable 9.2% QoQ and 19.4% QoQ in Q1...

Mastercard Net Income by Quarter: Q1 2001 – Q2 2020

The above graph represents the Mastercard net income by quarter, starting from Q1 2001 to the recently completed quarter. Globally, Mastercard net profit amounted to $1,693 million in Q1 2020, representing a notable decline of 19.4% QoQ and 9.1%...

Fintech Startups Hit By Outages Post Yes Bank’s Moratorium

As the central bank placed Yes Bank under moratorium till April 3rd, several startups including the digital payment firms PhonePe and BharatPe, which relied on Yes Bank as their banking partner seemed to face outages. It has been reported...

Global Online Payment Frauds: Over $200 Billon Would Go Down The Drain In The Next 5 Years [REPORT]

The online payment frauds are becoming a new nightmare for digital users and authorities as well. It has been estimated that a whopping $200 billion will be lost globally by businesses whose primary domain happen to be e-commerce, airline...

Number of Aadhaar Enabled Transactions in India, by Month

The above graph represents the growth in the number of Aadhaar based transactions in India by month. AePS (Aadhaar enabled payment system) is a bank led model which allows online interoperable financial transactions at PoS or MicroATM through the...

NEFT Transactions in India by Month: Volume vs Value

The above graph represents the monthly distribution of the total NEFT transactions in India in terms of value and volume. In October 2019, the NEFT system registered the highest-ever 242.4 million transactions valued at Rs 18,607.90 billion in India....

Mastercard Net Income by Year: FY 2001 – 2019

The above graph represents Mastercard net income by year, starting from 2001 to the most recent;y completed year. Mastercard posted an impressive $5,859 million as net income in 2018. This happens to be the first instance when the company's...

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Bitcoin Bounces Back: Could reach Record High By End of 2021

The value of Bitcoin touched a six-month high on Friday as traders were more confident that U.S. regulators will...