Strong Finish to 2011 for MasterCard in the Asia/Pacific, Middle East & Africa Region
Singapore, 6 February 2012 – MasterCard Incorporated today announced fourth quarter and full-year results for the Asia/Pacific, Middle East & Africa (APMEA) region. For the quarter ending 31 December 2011, the region drove strong growth in gross dollar volume (21.8%), purchase volume (23.5%), purchase transactions (18.2%), cash transactions (18.4%) and cards issued (12.3%), versus the same period in 2010. Growth in gross dollar volume and purchase volume are calculated on a local currency basis.
As of 31 December 2011, 330 million MasterCard cards (excluding Maestro® and Cirrus®) had been issued by MasterCard customers in APMEA. Cardholders in the region made almost 1.6 billion purchase transactions in the fourth quarter of 2011 and cardholders could use their MasterCard cards at 33.3 million acceptance locations worldwide as of the end of the quarter.
For the year ended 31 December 2011, the APMEA region saw growth in gross dollar volume (22.9%), purchase volume (24.9%), purchase transactions (18.3%) and cash transactions (19.7%) versus 2010. For the quarter ending 31 December 2011, the Maestro® brand mark appeared on 237 million cards in APMEA. Consumers can now make debit point of sale purchases with their Maestro cards at 2.5 million merchant locations in APMEA.
“We had a strong fourth quarter and a successful 2011 driving momentum across all our markets in APMEA,” said Vicky Bindra, president, Asia/Pacific, Middle East & Africa, MasterCard Worldwide. “This was driven by new deals with industry leaders to develop innovative payment solutions for the benefit of consumers including the roll out of the contactless Absa OneTouch card in South Africa, the OneSmart PayPass card with Air New Zealand, and an agreement with Etisalat and Research in Motion in the United Arab Emirates. As MasterCard moves into 2012, we have tremendous opportunities in the APMEA region and are well positioned for the future.”
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 mastercard.com or follow us on Twitter @mastercardnews or join the conversation on The Heart of Commerce Blog.
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: continuing momentum across the region and APMEA being positioned to realize future opportunities.
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 and 2012, 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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Georgette Tan, firstname.lastname@example.org, (65) 6390-5971
Vasundhara Subrahmanian, vsubrahmanian@ webershandwick.com, (65) 6825-8054