Mastercard registers 14% growth in net revenue for Q1 2014

Tuesday 6 May 2014 14:30 CET | News

Mastercard has announced a 14% increase in revenues for Q1 2014 and a growth of 18% in earnings per share.

The growth was driven by an increase in both USD gross volume and processed transactions. Worldwide purchase volume during the period under review was up 13% on a local currency basis versus Q1 2013, to USD 759 billion.

As of March 31, 2014, the company’s customers had issued just over 2 billion MasterCard and Maestro-branded cards.

During this time frame, Mastercard focused on building and expanding issuer and merchant relationships, including those with Sweden’s Handelsbanken, Kenya Commercial Bank and also on co-brand programs with Wal-Mart and Sam’s Club across several countries.

Moreover, the company has expanded the EMV chip and pin card standard technology to the US merchants.

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Keywords: MasterCard, growth, cards, earning per share, gross volume, EMV, revenue
Categories: Payments & Commerce
Countries: World
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