Visa registers new trademarks in Russia, signalling potential return
Visa's trademark applications in Russia could be interpreted as part of a long-term strategy to retain its brand presence, despite the ongoing geopolitical tensions.
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Indian visa centres in Dhaka and Sathkira closed following protests over delays
The closures in Dhaka and Sathkira, which took effect today, come in the wake of significant unrest among visa applicants frustrated by prolonged waiting times and bureaucratic hurdles.
Mastercard beats quarterly profit estimates on robust spending
Mastercard’s Q2 profit exceeded estimates, driven by strong consumer spending and a 17% increase in cross-border volume. The company’s shares rose nearly 3% in pre-market trading. Despite slowing growth in some rivals, Mastercard's robust performance highlights its strong market position.
Reserve Bank of India fines Visa $288,000 for unauthorized payment method
The Reserve Bank of India has fined Visa $288,000 for using an unauthorized payment method without regulatory approval. This penalty follows an earlier order for Visa to halt the use of the unapproved payment route. The RBI's move reflects its push for stricter scrutiny of fintech practices.
China and North Korea to implement mutual visa exemption for diplomatic, service, and official passport holders
China and North Korea have announced a significant development in their bilateral relations with a mutual visa exemption agreement set to take effect on July 26, 2024.
Chinese ambassador highlights sharp decline in tourist arrivals to Philippines
"We are pleased to see that people-to-people exchanges have rapidly recovered following the pandemic. But there is still room for improvement compared to pre-pandemic levels," Ambassador Huang remarked.
China eases visa restrictions on U.S. visitors
China's decision to ease visa restrictions on U.S. visitors reflects a strategic effort to revitalize its tourism sector and foster global connections.