MasterCard Announces 1Q2010 Financial Results
MasterCard this morning has announced financial results for the first quarter 2010. The company reported gross dollar volume increased 8.3% on a local currency basis to $631 billion, cross border volumes increased 10.9% and processed transactions increased 4.6%. A press release, supplemental operating results, and an accompanying presentation are available on the MasterCard web site.
MasterCard president and chief operating officer, Ajay Banga, said: “We’re making important investments in innovation, like MasterCard Marketplace, our eCommerce shopping portal, and the launch of MasterCard Labs, a critical component of our global research and development efforts. We are committed to play a significant role in the evolution of payments to better meet the needs of consumers, merchants, businesses and governments around the world, and look forward to bringing even more developments to the market.”
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