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MasterCard's quarterly profit rises 33 percent


(Reuters) - MasterCard Inc, the world's second-largest payments processor, reported a 33 percent rise in quarterly profit as customers spent more using its network on the back of a strengthening U.S. economy.MasterCard's net income rose to $1.57 billion, or $1.50 per share, in the second quarter ended June 30, from $1.18 billion, or $1.10 per share, a year earlier.The Purchase, New York-based company's total revenue rose 20 percent to $3.67 billion. (Reporting by Nikhil Subba in Bengaluru; Editing by Maju Samuel)(This story has not been edited by Business Standard staff and is ...

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First Published: Thu, July 26 2018. 17:41 IST