MasterCard's quarterly profit rose 24 percent, beating expectations, as consumers spent more money on their credit and debit cards.
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The world's second-largest card processing network on Tuesday reported a profit of $562 million, or $4.29 per share. That compares with $455 million, or $3.46 per share, in the year-ago period.
Analysts on average had expected MasterCard to earn $4.10 per share, according to Thomson Reuters.
Revenue rose 14.8 percent from a year earlier, to $1.5 billion, slightly above expectations, as more people around the world used their MasterCards. The company said that worldwide purchase volume during the quarter rose 12.9 percent on a local currency basis.
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