ArabianBusiness.com - Middle East Business News
Sunday, 05 July 2009 07:19 UAE time

YOUR DIRECTORY /

| Share |

Mastercard posts big Q3 growth in Middle East

by This email address is being protected from spam bots, you need Javascript enabled to view it  on Tuesday, 25 November 2008
CARD GROWTH: Mastercard International achieved growth in the Middle East region despite the global credit crisis.

MasterCard Incorporated has announced major iincreases in its third quarter results for the Asia/Pacific, Middle East & Africa region, compared to the same period in 2007.

For the quarter ending September, the region registered growth in gross dollar volume (22.7 percent), purchase volume (24.6 percent), purchase transactions (20.9 percent), cash transactions (29.1 percent) and cards issued (16.9 percent).

A total of 232 million MasterCard cards had been issued across the region by the end of September, company chiefs said.

Story continues below
advertisement

Cardholders in the region made 901 million purchase transactions in the third quarter of 2008.

Andre Sekulic, president, Asia/Pacific, Middle East & Africa, MasterCard, said: “I am pleased with our third quarter results. Despite unprecedented economic turmoil, MasterCard was able to achieve growth in the region."


For news updates sign up for our newsletter
| Share |


READERS' COMMENTS

Disclaimer: The views expressed here by our readers are not necessarily shared by ArabianBusiness.com or its employees.

Click here to post a comment


Add your Comment
All posts are sent to the administrator for review and are published only after approval. ArabianBusiness.com reserves the right to remove any comment at any time for any reason. Please keep your responses appropriate and on topic.
Name *
Remember me on this computer
Email *
(Your email address will not be published)
City
Country
Subject *
Comment *
Notify me of further comments


Please click post only once - your comment will not be published immediately.


MORE FROM ARABIANBUSINESS.COM

SHARE PRICE CHECK

 EMAIL ALERTS

  1. Mastercard

  2. Personal Finance



MOST POPULAR PERSONAL FINANCE STORIES

ArabianBusiness.com Most Read

    No stories found.

READER COMMENTS

Read all user comments >

MORE FROM ARABIANBUSINESS.COM