MasterCard Inc the world’s second-largest debit and credit card company, posted a 29 percent rise in quarterly profit as customers swiped their cards more often.
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The company’s net income rose to $801 million, or 69 cents per share, in the fourth quarter ended Dec. 31 from $623 million, or 52 cents per share, a year earlier.
Net revenue rose 14 percent to $2.42 billion.
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