MasterCard Inc, the world's second-largest debit and credit card company, posted a 15.5 percent rise in quarterly profit as more customers used its cards to make purchases.
Continue Reading Below
The company's net income rose to $1.02 billion, or 87 cents per share, in the third quarter ended Sept. 30 from $879 million, or 73 cents per share, a year earlier.
Net revenue rose 12.8 percent to $2.5 billion.
(Reporting by Amrutha Gayathri in Bangalore; Editing by Sriraj Kalluvila)