|Marcus Molina MasterCard Worldwide 305-539-2320|
|Janet Rivera MasterCard Worldwide 305-539-2304|
MasterCard Latin America and Caribbean Region Purchase Volume up 20.7% in the First Quarter 2010
Purchase volume growth for the Latin America & Caribbean region was the highest for MasterCard globally
For the first quarter ending March 31, 2010, MasterCard cardholders in the LAC region used their MasterCard®-branded cards (excluding Cirrus® and Maestro®) for 641 million purchase and cash transactions, up 8.5% versus the same period of 2009. The 641 million transactions generated a total gross dollar volume (GDV)1 of US $49 billion, up 16.2% on a local currency basis, over the same period in 2009. Additionally, purchase volume reached US $27 billion in the first quarter of 2010, increasing 20.7% on a local currency basis, compared to the same period in 2009. Processed transaction growth for the LAC region continued to grow at double digit rates in the first quarter of 2010.
The number of MasterCard-branded cards in the LAC region increased 5.1% for the quarter ending March 31, 2010 totaling 122 million cards, and MasterCard cardholders could use their cards at 30.2 million acceptance locations worldwide, including 3.3 million locations in the LAC region. MasterCard’s global PIN-based debit program, which includes Maestro, also demonstrated positive results in the first quarter 2010, posting a 2.0% growth in the number of cards issued, totaling over 130 million cards in the LAC region. The total number of MasterCard-branded and Maestro cards in the LAC region reached 252 million in the first quarter.
“We are pleased to start the year off with solid double-digit growth in the LAC region and to report the highest purchase volume growth for the organization. In addition, the region continues to be an important contributor to MasterCard’s processing volume,” said Richard Hartzell, president, MasterCard Worldwide, Latin America and Caribbean Region. ”Our strong results were fueled by our ability to deliver innovative products and solutions that add value to our customers while providing flexibility and convenience to the consumer.”
During the first quarter, MasterCard made several global and regional announcements that position MasterCard well for continued success, including:
- Signing a long-term agreement for HSBC’s global mass affluent Premier credit business. In Mexico, HSBC’s Premier Accountholders now use MasterCard World Elite for their payment needs.
- The launch of MasterCard Labs, a new global Research & Development arm dedicated to bringing innovative payment solutions to market with greater speed than ever before.
- The launch of MasterCard MarketPlace™ and strategic alliance with NextJump, to accelerate advances in e-commerce and fuel consumer-focused innovation.
- The addition of Santander as an acquirer of MasterCard transactions in the Brazilian market.
- The launch of MasterCard Black in Peru with BBVA Banco Continental and in Argentina with Banco Entre Rios.
- Signing a long-term agreement with Mexican insurance company, MAPFRE-Tepeyac to promote recurring payments with MasterCard cards.
About MasterCard Incorporated
MasterCard Incorporated advances global commerce by providing a critical economic link among financial institutions, businesses, cardholders and merchants worldwide. As a franchisor, processor and advisor, MasterCard develops and markets payment solutions, processes over 22 billion transactions each year, and provides industry-leading analysis and consulting services to financial-institution customers and merchants. Powered by the MasterCard Worldwide Network and through its family of brands, including MasterCard®, Maestro® and Cirrus®, MasterCard serves consumers and businesses in more than 210 countries and territories. For more information go to www.mastercard.com.
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:
- MasterCard’s Latin America & Caribbean region’s ability to continue to be an important contributor to MasterCard’s processed transactions.
- MasterCard’s ability to continue to deliver solutions for cardholders, while driving value and growth for its customers and merchants.
1GDV represents purchase volume plus cash volume and includes the impact of balance transfers and convenience checks.