MasterCard Usage Rose Over 11 Percent in 2005
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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.
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