MasterCard registers boost with regained consumer confidence

Friday 31 October 2014 13:01 CET | News

MasterCard has reported a 15.5% jump in quarterly profit due to a boost in consumer confidence.

According to a survey by global information company Nielsen, consumer confidence in the Q3 2014 improved globally as concerns about the economy and job prospects eased. US consumer confidence also rose in August 2014 to its highest level since October 2007.

MasterCards cross-border volume fees rose 14% to USD 835 million in Q3 2014. Worldwide purchase volume, or the total amount of purchases made with MasterCard-branded cards, increased 11% to USD 843 billion in local currency terms.

The company also declared that the US purchase volume rose 8.2% to USD 288 billion.

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Keywords: MasterCard, Q3 2014, US consumer confidence, purchase volume, cards
Categories: Payments & Commerce
Countries: World
This article is part of category

Payments & Commerce