MasterCard Reports Strong Third Quarter Growth in the Asia/Pacific, Middle East & Africa Region
Singapore, 3 November 2011 – MasterCard today announced strong third quarter 2011 results for the Asia/Pacific, Middle East & Africa (APMEA) region. For the quarter ending 30 September 2011, the region registered growth in gross dollar volume (GDV) (25.0%), purchase volume (27.2%), purchase transactions (19.7%), cash transactions (20.7%) and cards issued (10.9%) versus the same period in 2010.
As of 30 September 2011, 320 million MasterCard cards (excluding Maestro® and Cirrus®) had been issued by MasterCard customer financial institutions across APMEA. Cardholders in the region made 1,483 million purchase transactions in the third quarter of 2011 and are able to use their MasterCard cards at 32.9 million acceptance locations worldwide.
At the end of the third quarter, the Maestro® brand mark appeared on 228 million cards in APMEA. Consumers can now make debit point-of-sale purchases with their Maestro-branded cards at 2.4 million merchant locations in the APMEA region.
“We had a strong third quarter and continue to see healthy numbers throughout our markets, generated by significant contribution from core credit and debit products. The number of debit cards in APMEA is now well over 300 million, giving us yet another reason to celebrate,” said Vicky Bindra, president, Asia/Pacific, Middle East & Africa, MasterCard Worldwide. “As innovation and changes in our business environment hasten, our success will depend on meeting the needs of consumers and giving them even more convenience and security when paying whether through traditional credit, debit and prepaid cards or mobile devices and e-Commerce platforms.”
In addition to the performance highlights, MasterCard APMEA also reported a number of significant achievements for the quarter ending 30 September 2011.
MasterCard (NYSE: MA) is a global payments and technology company. It operates the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard’s products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Learn more at www.mastercard.com, follow us on Twitter @mastercardnews or join the conversation on The Heart of Commerce Blog.
Georgette Tan, email@example.com, (65) 6390-5971
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 continued improvement in MasterCard’s performance, MasterCard’s business model and value in advancing the way commerce is conducted. Such forward-looking statements include, without limitation, statements related to:
- Contributions to MasterCard APMEA’s performance from its credit and debit products and
- Providing convenience and security to consumers through MasterCard products.
In addition, 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, 2010 and the company’s Quarterly Reports on Form 10-Q and Current Reports on Form 8-K that have been filed with the SEC during 2011, 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.
 Includes Asia/Pacific (A/P) and South Asia, Middle East Africa (SAMEA) regions collectively.
 Growth in gross dollar volume and purchase volume are calculated on a local currency basis.