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Beyond the Transaction: Every Transaction Has a Story

Earnings Review: Delivering on Strategy, Partnerships

Earlier today, Mastercard reported our financial results for the third quarter.

If you read the press release or listened to the call, you heard that we delivered another a strong performance this quarter. Our net revenue growth of 14% was driven by double-digit increases in both volume and transaction levels.

During our recent annual Investor Day – and again this morning – we shared that our full-year business outlook remains consistent. We continue to expect 2016 revenue growth in the low double digits on a currency-neutral basis.

As our perspective on the global economy remains unchanged, so too does our focus on delivering against our strategy. We are winning deals, executing our investment strategy and delivering value to our customers, merchants and consumers. During our call this morning, we shared three such examples:

Partnerships – We are deepening relationships with customers in a way that makes progress against our goals in areas like commercial, our U.S. consumer business and in China. In the U.S., we’re building on our recent momentum in debit through deeper relationships with US Bank and Regions Bank. We are also making some progress in our Chinese cross-border business with a number of new, single-branded credit deals in the country’s growing affluent segment.

Services – Services continue to be a strategic differentiator for us. From data analytics to safety and security to loyalty solutions, our services continue to drive value for our customers and for Mastercard. In Europe, we’re building on a number of deals that we announced with Poste Italiane, such as expanding into their prepaid portfolio and adding more Advisors services to drive innovation and financial inclusion.

Digital – Our digital-by-default approach enables issuers to auto-enroll cardholders through their online banking apps and helps drive scale, while keeping issuers at the center of their consumer relationships. In addition, our Masterpass digital payment service is growing acceptance and convenience everywhere and every way people want to shop.

For example, in South Africa, telecom customers can now securely pay for airtime minutes from their mobile device by using Masterpass. In partnership with Ecobank, Masterpass QR will be rolled out across 33 African countries to help both consumers and micro and small merchants pay safely from their mobile banking platform or accept payments in a secure manner without the need of a traditional POS terminal.

And, this week’s announcement of the integration of Samsung Pay, Android Pay and Microsoft Wallet with Masterpass will significantly expand the availability of easy online and in-app payments – a win-win for issuers, merchants and consumers.

The year is quickly coming to a close and the holidays will be here before we know it. We have a long runway driven by strong secular growth opportunities and we are extremely well-positioned to execute against our strategy and drive performance. Be sure to tune in again next quarter for another update on our global efforts.