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MA MasterCard Incorporated

443.58
2.48 (0.56%)
04 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
MasterCard Incorporated NYSE:MA NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  2.48 0.56% 443.58 445.26 436.90 444.85 3,711,007 01:00:00

U.S. Lobbied Indonesia Into Easing Payments Rules for Visa, Mastercard -Reuters

04/10/2019 10:29am

Dow Jones News


MasterCard (NYSE:MA)
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--At the request of Mastercard (MA) and Visa (V), U.S. trade officials in 2018 successfully lobbied Indonesia to ease rules that would have required the companies to seek local partners under the country's new domestic payment network, Reuters reported, citing Indonesian sources and emails between U.S. officials and the companies.

--Partnering with local companies would have reduced Visa and Mastercard's earnings in Indonesia, the report said.

--The U.S. secured the changes in part by allowing Indonesia to retain a privileged trade status under the U.S.'s Generalized System of Preferences, Reuters reported.

 

Full story: https://reut.rs/31H9btQ

 

Write to Singapore editors at singaporeeditors@dowjones.com

 

(END) Dow Jones Newswires

October 04, 2019 05:14 ET (09:14 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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