Oct 31 (Reuters) - Mastercard Inc, the world’s second-biggest payments network, reported a 21 percent rise in quarterly profit on Tuesday as consumers spent more globally and it fought for market share over other payment channels.
Net income rose to $1.43 billion or $1.34 per share in the third quarter ended Sept 30, from $1.18 billion or $1.08 per share. mstr.cd/2gYxlhy
Analysts on average were looking for $1.23 per share, according to Thomson Reuters I/B/E/S. It was not immediately clear if the numbers were comparable.
Net revenue rose 18 percent to $3.40 billion.
Mastercard’s bigger rival Visa Inc posted a rise in quarterly profit that beat estimates, fuelled by higher spending.
Reporting By Aparajita Saxena in Bengaluru; Editing by Bernard Orr