MasterCard continues to Wage War on Cash with Healthy Volume Growth in the Asia/Pacific, Middle East & Africa Region（ APMEA ）版
Singapore, 04 November 2010 - MasterCard today announced third quarter 2010 results for the Asia/Pacific, Middle East & Africa (APMEA)1 region. For the quarter ending 30 September 2010, the region registered growth in gross dollar volume (GDV) (17.5%), purchase volume2(15.7%), purchase transactions (14.8%), cash transactions (28.3%) and cards issued (10.2%) versus the same period in 2009.
［ 1 Includes Asia/Pacific (A/P) and South Asia, Middle East Africa (SAMEA) regions collectively. ］
［ 2 Growth in gross dollar volume and purchase volume are calculated on a local currency basis. ］
As of 30 September 2010, 289 million MasterCard cards (excluding Maestro® and Cirrus®) had been issued by MasterCard customer financial institutions across APMEA. Cardholders in the region made 1,239 million purchase transactions in the third quarter of 2010 and could use their MasterCard cards at 30.9 million acceptance locations worldwide.
As at the end of the third quarter, the Maestro® brand mark now appears on 209 million cards in APMEA. Consumers can now make debit point of sale purchases with their MasterCard- or Maestro-branded cards at 1.5 million merchant locations in the APMEA region.
“Our growth momentum has continued into the third quarter. This healthy growth validates our strategy to provide a broad suite of products and services which cater to the needs of our customer banks, merchants and cardholders,” said Vicky Bindra, President, Asia/Pacific, Middle East & Africa, MasterCard Worldwide. “As MasterCard continues to wage the war on cash, we will work closely with our customers to leverage new technologies and innovative payment methods to enable safe, easy and convenient ways to pay for cardholders.”
In addition to the performance highlights, MasterCard in the APMEA region also reported a number of significant achievements for the quarter ending 30 September 2010.
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About MasterCard Worldwide
As a leading global payments company, MasterCard Worldwide prides itself on being at the heart of commerce, helping to make life easier and more efficient for everyone, everywhere. MasterCard serves as a franchisor, processor and advisor to the payments industry, and makes commerce happen by providing a critical economic link among financial institutions, governments, businesses, merchants, and cardholders worldwide. In 2009, $2.5 trillion in gross dollar volume was generated on its products by consumers around the world. Powered by the MasterCard Worldwide Network － the fastest payment processing network in the world － MasterCard processes over 22 billion transactions each year and has the capacity to handle 140 million transactions per hour, with an average network response time of 140 milliseconds and with 99.99 percent reliability. MasterCard advances global commerce through its family of brands, including MasterCard®, Maestro®, and Cirrus®; its suite of core products such as credit, debit, and prepaid; and its innovative platforms and functionalities, such as MasterCard PayPass™ and MasterCard inControl™. MasterCard serves consumers, governments, and businesses in more than 210 countries and territories. For more information, please visit us at www.mastercard.com. Follow us on Twitter: @mastercardnews.
Forward-Looking Statements
Statements in this press release which are not historical facts, including statements about MasterCard’s plans, strategies, beliefs and expectations, are forward-looking and subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements speak only as of the date they are made. Accordingly, except for the company’s ongoing obligations under the U.S. federal securities laws, the company does not intend to update or otherwise revise the forward-looking information to reflect actual results of operations, changes in financial condition, changes in estimates, expectations or assumptions, changes in general economic or industry conditions or other circumstances arising and/or existing since the preparation of this press release or to reflect the occurrence of any unanticipated events. Such forward-looking statements include, without limitation, statements related to:
- the company’s ability to provide a broad suite of products and services to meet the needs of its customers;
- the company’s ability to work with customers to leverage new technologies and innovative payment methods for the benefits of cardholders
Actual results may differ materially from such forward-looking statements for a number of reasons, including those set forth in the company’s filings with the Securities and Exchange Commission (SEC), including the company’s Annual Report on Form 10-K for the year ended December 31, 2009, the company’s Quarterly Report on Form 10-Q and Current Reports on Form 8-K that have been filed with the SEC during 2010, as well as reasons including difficulties, delays or the inability of the company to achieve its strategic initiatives set forth above. Factors other than those listed above could also cause the company’s results to differ materially from expected results.
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