Rise in card use lifts Mastercard

Mastercard has seen its quarterly profits jump by 82% thanks to increased credit card usage around the world.

Reporting its results for the third quarter to 30 September, the US giant's net profit increased to $193m (£101m), from $106m a year earlier.

Mastercard, which listed on the New York Stock Exchange in May, said its quarterly revenues rose 19% to $902m.

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