News

MasterCard ups LatAm billing 27% in Q2

Bnamericas Published: Monday, August 14, 2006
US card issuer MasterCard (NYSE: MA) saw second quarter gross billing rise 26.9% in Latin America and the Caribbean to US$29bn compared to 2Q05, the company said in a press release. Worldwide, MasterCard's gross billing increased 16.4% in the second quarter to US$485bn due to strong performance in emerging markets such as Latin America and the Caribbean, South Asia and Middle East Africa. Purchase volume in Latin America and the Caribbean increased 30.6% in Q2 to US$14bn. The number of Maestro cards grew 17.6% in the region, reaching 97 million at the end of June, the company said. Last year, MasterCard's gross billing in Latin America and the Caribbean grew 32.5% to US$98bn compared to 2004.

To continue reading, subscribe to BNamericas to get all the information in this article and access to related news items and reports.

Subscribe to BNamericas and gain access to thousands of project profiles, key contacts and news.

Other projects

Get key information on thousands of projects in Latin America, from current stage, to capex, related companies, key contacts and more.

  • Project: Pilar
  • Current stage: Blurred
  • Updated: 17 hours ago
  • Project: Cabaçal
  • Current stage: Blurred
  • Updated: 20 hours ago
  • Project: Plomosas
  • Current stage: Blurred
  • Updated: 20 hours ago

Other companies

Get key information on thousands of companies in Latin America, from projects, to contacts, shareholders, related news and more.

  • Company: Kaizen Discovery Inc.  (Kaizen Discovery)
  • Canadian mineral exploration company Kaizen Discovery Inc., controlled by High Power Exploration Inc. (HPX), is focused on projects in Canada and Peru. It is part of the 90/10 j...
  • Company: Empresa Eólica Tablaruca S.A.  (Tablaruca)
  • Empresa Eólica Tablaruca S.A. is pursuing the development, construction and operation of the Tablaruca wind project, which involves the construction and operation of a 260MW win...