Mastercard Inc on Tuesday beat Wall Street estimates for quarterly profit as cus...
FILE PHOTO: A Mastercard logo is seen on a credit card in this picture illustration August 30, 2017. REUTERS/Thomas White/Illustration/File Photo
- Mastercard Inc on Tuesday beat Wall Street estimates for quarterly profit as customers shrugged off fears of an economic slowdown and spent more with their credit and debit cards, boosting fees for the world’s second-largest payment processor. The company’s gross dollar volume, the dollar value of transactions processed, rose 12.4% to $1.65 trillion in the third quarter.
Around 28.2 billion transactions were processed, up about 22% from a year earlier. The gain was led by a near 12% rise in the United States and a 31.4% jump in Europe.
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