Mastercard declares support of Rs 250 crore to small businesses hit by coronavirus: CAIT

Global digital payment and technology firm Mastercard has committed Rs 250 crore (USD 33 million) to help reboot Indian SMBs and enable business recovery from the impact of COVID-19 pandemic, industry body CAIT said on Tuesday. These new initiatives build on Mastercard's multi-year partnership with the Confederation of All India Traders (CAIT) to grow digital payments awareness and support merchant on-boarding for digital commerce will help to large extent the Indian traders to overcome from the set back due to COVID-19, the industry body said.

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