MasterCard income up on international growth
NEW YORK MasterCard's (MA) net income rose strongly in the third quarter as its overseas business thrived, the company said Wednesday. The payments company's business grew by virtually every measure. It processed 8. 7 billion transactions, an increase of 24 percent over last year. Excluding the U.S., people spent 15 percent more money using MasterCard-branded cards on a local-currency basis. Americans spent about 7 percent more using MasterCard plastic. MasterCard's business grew as it won new partnerships overseas and acquired a loyalty reward provider in the U.S. The company "won significant business in Europe this quarter with Nordea, Credit Agricole and CSOB in the Czech Republic," president and CEO Ajay Banga said in a statement. Banga said there are plenty more opportunities to grow in emerging markets. The largest supermarket chain in East Africa is expected to deliver more than a million prepaid loyalty cards to customers, he noted.
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CEO Ajay Banga
Overall Sentiment: 0.0616668
Relevance: 0.311843
| Sentiment | Quote |
|---|---|
| 0.0850425 | "won significant business in Europe this quarter with Nordea, Credit Agricole and CSOB in the Czech Republic," president and CEO Ajay Banga said |
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Credit Agricole
Overall Sentiment: 0.0822225
Relevance: 0.173646
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Additional Info:
Company: MasterCard
Overall Sentiment: 0.235527
Relevance: 0.819101
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MasterCard income up on international growth
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Payments company's business grew by virtually every measure
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