MasterCard reports strong second quarter growth in the Asia/Pacific, Middle East & Africa Region

Press release
Published August 7th, 2011 - 10:06 GMT

Al Bawaba
Al Bawaba

MasterCard on 4 August 2011 announced second quarter 2011 results for the Asia/Pacific, Middle East & Africa (APMEA) region. For the quarter ending 30 June 2011, the region registered growth in gross dollar volume (GDV) (24.7%), purchase volume (27.2%), purchase transactions (18.8%), cash transactions (21.3%) and cards issued (11.1%)versus the same period in 2010.

As of 30 June 2011, 313 million MasterCard cards (excluding Maestro and Cirrus) had been issued by MasterCard customer financial institutions across APMEA. Cardholders in the region made 1,395 million purchase transactions in the secondquarter of 2011and are able to use their MasterCard cards at 32.7million acceptance locations worldwide.

At the end of the second quarter, the Maestro brand mark appeared on 220 million cards in APMEA. Consumers can now make debit point of sale purchases with their Maestro-branded cards at 2.2 million merchant locations in the APMEA region.

“Our results for the second quarter reflect continued improvement in our performance,” said Vicky Bindra, president, APMEA, MasterCard Worldwide. “Despite the aftermathof natural disasters in Australia, Japan and New Zealand as well as unrest in the Middle East and North Africa earlier in the year, MasterCard hascontinued to forge ahead with double-digit growth. The strong performance is indicative of our sound business model andthe value we bring to our partners and consumers in advancing the way commerce is conducted.”

In addition to the performance highlights, MasterCard APMEA also reported a number of significant achievements for the quarter ending 30 June 2011.

Background Information

MasterCard

Electronic payments have the ability to create a world with greater opportunities for all. To take us beyond borders, to new markets. Beyond mere moments, to meaningful experiences. That's the power of a World Beyond Cash®. And that's Priceless®.

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