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MasterCard Usage Rose Over 11 Percent in 2005

by Peter Andrew

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MasterCard

Usage Rose Over 11 Percent in 2005

MasterCard International reported an 11.9% increase in dollar

volume on its branded credit cards and debit cards for the year

2005 in its year-end operating results released yesterday.

In

2005, cardholders worldwide used 749.3 million MasterCard-branded

cards for more than 19.1 billion transactions. While credit

cards make up the bulk of those figures, the results showed

that use of debit cards is increasing significantly. Gross dollar

volume for worldwide credit and charge cards grew 9.2 percent

to more than $1.3 trillion, but gross dollar volume for debit

programs rose 23.6 percent to $347.3 billion.

Worldwide,

financial institutions issued 749.3 million MasterCard-branded

cards in 2005, a 10.5 percent increase over 2004.

 

Published 02/03/06 (Modified 05/07/12)


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