A MasterCard logo is seen on a door outside a restaurant in New York, February 3, 2010. REUTERS/Shannon Stapleton

MasterCard profit rises 15 percent
MasterCard profit rises 15 percent
Posted : Wednesday, 01 August 2012 08:10AM

(Reuters) - MasterCard Inc <MA.N>, the world's second-largest credit and debit card network, reported a 15 percent rise in quarterly profit as more people across the globe used cards.

Net income rose to $700 million, or $5.55 per share, from $608 million, or $4.76 per share, a year earlier.

Revenue rose 9 percent to $1.82 billion.

Cardholders made $661 billion of purchases worldwide, on a local currency basis, during the second quarter, up 13 percent.

Shares of the company, which has a market value of over $55 billion, closed at $436.57 on Tuesday on the New York Stock Exchange.

(Reporting by Jochelle Mendonca in Bangalore; Editing by Supriya Kurane)

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