• Number of MasterCard-branded cards up 11.3%
• MasterCard®-branded cards gross dollar volume (GDV) up 7.0%
Miami, FL, August 05, 2009 - MasterCard’s Latin America and Caribbean region announced its operating results for the second quarter 2009, posting growth in both MasterCard® and Maestro® programs.
During the second quarter of 2009, MasterCard cardholders in the Latin America and Caribbean region used their MasterCard® branded cards (excluding Cirrus® and Maestro®) for 603 million purchase and cash transactions, generating gross dollar volume (GDV) of US $41 billion, up 7.0% on a local currency basis, over the same period in 2008. Additionally, purchase volume in Latin America and the Caribbean region reached US $22 billion in the second quarter of 2009, increasing 11.2% on a local currency basis, compared to the same period in 2008. GDV represents purchase volume, plus cash volume and includes the impact of balance transfers and convenience checks.
The number of MasterCard-branded cards in the region increased 11.3% in the second quarter of 2009, to 118 million cards, and MasterCard cardholders could use their cards at 29.4 million acceptance locations worldwide.
MasterCard’s global PIN-based debit program, which includes both Maestro, and MasterCard’s ATM-only brand Cirrus, also demonstrated positive results in the second quarter of 2009. In the Latin America and the Caribbean region, the Maestro brand mark appeared on 131 million cards, up 10.4% compared to the second quarter of 2008.
"Despite being faced with ongoing economic uncertainty, we were able to achieve solid growth in the region in the second-quarter of 2009. These results are an indication that consumers, while prudently managing their personal finances, continue to utilize MasterCard payment cards due to their convenience, safety and ease of use,” said Richard Hartzell, president, MasterCard Latin America and Caribbean Region. “Our results reflect the value we continue to provide our customer financial institutions in the region."
About MasterCard Incorporated
MasterCard Incorporated advances global commerce by providing a critical economic link among financial institutions, businesses, cardholders and merchants worldwide. As a franchisor, processor and advisor, MasterCard develops and markets payment solutions, processes approximately 21 billion transactions each year, and provides industry-leading analysis and consulting services to financial-institution customers and merchants. Powered by the MasterCard Worldwide Network and through its family of brands, including MasterCard®, Maestro® and Cirrus®, MasterCard serves consumers and businesses in more than 210 countries and territories. For more information go to www.mastercard.com.
Forward-Looking Statements>
Statements in this press release which are not historical facts, including statements about MasterCard’s plans, strategies, beliefs and expectations, are forward-looking and subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements speak only as of the date they are made. Accordingly, except for the company’s ongoing obligations under the U.S. federal securities laws, the company does not intend to update or otherwise revise the forward-looking information to reflect actual results of operations, changes in financial condition, changes in estimates, expectations or assumptions, changes in general economic or industry conditions or other circumstances arising and/or existing since the preparation of this press release or to reflect the occurrence of any unanticipated events. Such forward-looking statements include, without limitation:
The number of MasterCard-branded cards in the region increased 11.3% in the second quarter of 2009, to 118 million cards, and MasterCard cardholders could use their cards at 29.4 million acceptance locations worldwide.
MasterCard’s global PIN-based debit program, which includes both Maestro, and MasterCard’s ATM-only brand Cirrus, also demonstrated positive results in the second quarter of 2009. In the Latin America and the Caribbean region, the Maestro brand mark appeared on 131 million cards, up 10.4% compared to the second quarter of 2008.
"Despite being faced with ongoing economic uncertainty, we were able to achieve solid growth in the region in the second-quarter of 2009. These results are an indication that consumers, while prudently managing their personal finances, continue to utilize MasterCard payment cards due to their convenience, safety and ease of use,” said Richard Hartzell, president, MasterCard Latin America and Caribbean Region. “Our results reflect the value we continue to provide our customer financial institutions in the region."
About MasterCard Incorporated
MasterCard Incorporated advances global commerce by providing a critical economic link among financial institutions, businesses, cardholders and merchants worldwide. As a franchisor, processor and advisor, MasterCard develops and markets payment solutions, processes approximately 21 billion transactions each year, and provides industry-leading analysis and consulting services to financial-institution customers and merchants. Powered by the MasterCard Worldwide Network and through its family of brands, including MasterCard®, Maestro® and Cirrus®, MasterCard serves consumers and businesses in more than 210 countries and territories. For more information go to www.mastercard.com.
Forward-Looking Statements>
Statements in this press release which are not historical facts, including statements about MasterCard’s plans, strategies, beliefs and expectations, are forward-looking and subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements speak only as of the date they are made. Accordingly, except for the company’s ongoing obligations under the U.S. federal securities laws, the company does not intend to update or otherwise revise the forward-looking information to reflect actual results of operations, changes in financial condition, changes in estimates, expectations or assumptions, changes in general economic or industry conditions or other circumstances arising and/or existing since the preparation of this press release or to reflect the occurrence of any unanticipated events. Such forward-looking statements include, without limitation:
- Consumers continuing to utilize MasterCard payment cards; and
- MasterCard’s ability to continue to provide value to its customer financial institutions in the region.
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