January 29, 2020 / 1:07 PM / 25 days ago

Mastercard profit rises 25% on higher transactions

Jan 29 (Reuters) - Mastercard Inc reported a 25% jump in adjusted quarterly profit on Wednesday as customers spent more on its cards to shop and pay bills, boosting fees for the world’s second-largest payment processor.

Adjusted net income rose to $2.0 billion, or $1.96 per share, in the fourth quarter ended Dec. 31 from $1.6 billion, or $1.55 per share, a year earlier. (mstr.cd/36wyQag) (Reporting by Bharath Manjesh in Bengaluru; Editing by Krishna Chandra Eluri)

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