October 29, 2019 / 12:05 PM / 21 days ago

Mastercard profit rises 11% on higher transactions

Oct 29 (Reuters) - Mastercard Inc reported an 11% rise in third-quarter profit on Tuesday as more transactions were made on its network, boosting fees for the world’s second-largest payment processor.

The company's net income rose to $2.11 billion, or $2.07 per share, in the third quarter ended Sept. 30 from $1.9 billion, or $1.82 per share, a year earlier. [mstr.cd/2MU7DYs ] (Reporting by Bharath Manjesh and Ayanti Bera in Bengaluru; Editing by Anil D'Silva)

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