MasterCard posts solid second quarter growth

MANILA, Philippines - MasterCard Inc. announced solid second quarter 2010 results for the Asia/Pacific, Middle East & Africa (APMEA) region.

For the quarter ending June 30, 2010, the region witnessed growth in gross dollar volume (17.8 percent), purchase volume (14.5 percent), purchase transactions (16.4 percent), cash transactions (32.1 percent) and cards issued (10 percent) versus the same period in 2009.  

As of June 30, 2010, 281 million MasterCard cards (excluding Maestro and Cirrus) had been issued by MasterCard customer financial institutions across APMEA. Cardholders in the region made 1,173 million purchase transactions in the second quarter of 2010 and could use their MasterCard cards at 30.6 million acceptance locations worldwide.

“We are pleased with our region’s second quarter results,” said Vicky Bindra, president, Asia/Pacific, Middle East & Africa, MasterCard Worldwide. “We understand that to successfully compete in today’s business environment, we must cater to customers and markets that exhibit unique needs and wants. Our market segmentation strategy has strengthened MasterCard’s competitive position to serve the needs of our customers.”

For the quarter ending June 30, 2010, the Maestro brand mark appeared on 206 million cards in APMEA. Consumers can now make debit point of sale purchases with their Maestro cards at 1.3 million merchant locations in APMEA.

In addition to the performance highlights, MasterCard in the APMEA region also reported a number of significant achievements for the quarter ending June 30, 2010.

MasterCard Worldwide advances global commerce by providing a critical economic link among financial institutions, businesses, cardholders and merchants worldwide. As a franchisor, processor and advisor, MasterCard develops and markets payment solutions, processes over 22 billion transactions each year, and provides industry-leading analysis and consulting services to financial-institution customers and merchants. Powered by the MasterCard Worldwide Network and through its family of brands, including MasterCard, Maestro and Cirrus®, MasterCard serves consumers and businesses in more than 210 countries and territories.