MasterCard will change conversion rules for non-cash transactions


The payment system introduces a single rate to clear authorities and settlements

MasterCard will change the conversion rules for non-cash transactions. Photo:

The MasterCard payment system will change the rules for currency conversion rates for non-cash transactions. Innovation will come into effect from August 11.

The authority stated that the introduction of a single rate for the authority and clearing of settlements will help Master Card partner banks to simplify and improve the financial management of card accounts, as well as to avoid financial risks associated with currency conversion. Can.

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Earlier it was reported that American Express, Discover, MasterCard and Visa, the world’s leading payment systems, announced the launch of online one-click payment technology, click to pay in new markets – Australia, Brazil, Canada, Hong Kong, Ireland, Kuwait, Malaysia, Mexico. New Zealand, Qatar, Saudi Arabia, Singapore, UAE and UK. A click to pay solution has been designed to make payments on the Internet easier and more secure for online shoppers and on websites, mobile applications and Internet-connected devices.

Later, Visa announced the launch of the Click to Pay service in Ukraine, which would further simplify the payment process on various Internet platforms.

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