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MasterCard profits up six per cent in Q4

MasterCard profits up six per cent in Q4 Share whatsapp Tuesday 31 January 2017 6:02 pm MasterCard, the world’s second largest payments processor, saw revenues decline but profits increase during the final quarter of last year.Net income rose by 4.8 per cent to $933m, compared to $890m 12 months ago. Revenue fell slightly short of analysts’ estimates of $2.79bn, coming in at $2.76bn. whatsapp Ashley Coates Quarterly profits for the three months to December were six per cent up on the same period in the previous year.MasterCard deals with a total of 150 currencies across its systems. The company told investors that cross-border volumes had increased by 13 per cent in Q4, driven by users making payments on their cards from outside of their home country.MasterCard’s shares have increased in value by 22 per cent in 2016, reaching an all time intraday high of $111.07 on January 25th.The New York based firm processes around 65,000 transactions every minute, with $1.2 trillion in gross dollar volumes processed in the fourth quarter of 2016. The United States was the largest market for MasterCard last year, accounting for one third of gross dollar volumes.Visa Inc is the world’s largest payments processor and will report its own results on Thursday. Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorUndoMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoUnify Health LabsRandy Jackson: This 3 Minute Routine Transformed My HealthUnify Health LabsUndoWarped SpeedCan You Name More State Capitals Than A 5th Grader? Find Out Now!Warped SpeedUndo2021 Buicks | Search AdsIntroducing The Head Turning 2021 Buicks!2021 Buicks | Search AdsUndoLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search AdsUndoLiver Health1 Bite of This Melts Belly And Arm Fat (Take Before Bed)Liver HealthUndoFactablePut Baking Soda Around The Base Of A Tomato Plant, Here’s WhyFactableUndo Read This NextIf You’re Losing Hair in This Specific Spot, It Might Be a Thyroid IssueVegamourTop 5 Tips If You’re Losing Your EyebrowsVegamour20 Stars Who’ve Posted Nude Selfies, From Lizzo to John Legend (Photos)The WrapMore People Now Use YouTube Than Facebook or Instagram – What Happened?The WrapNFL nixes Pittsburgh Steelers’ training camp plan; team to train inSportsnautRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapWhat Causes Hair Loss? Every Trigger ExplainedVegamourHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapSmoking and Hair Loss: Are They Connected?Vegamour read more

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