MasterCard’s net income rose strongly in the third quarter as its overseas business thrived, the company said Wednesday.
The company’s business grew by nearly every measure. It processed 8.7 billion transactions, an increase of 24 percent over last year. Excluding the U.S., people spent 15 percent more money using MasterCard-branded cards on a local-currency basis. Americans spent about 7 percent more using MasterCard plastic. The volume of purchases rose 12 percent on a local currency basis to $676 billion. MasterCard’s business grew as it won new partnerships overseas and acquired a loyalty reward provider in the U.S. The payments network said that its net income rose to $772 million from $717 million in the same period a year earlier.
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