Revenue miss for MasterCard

Marion Dakers
SHARES in MasterCard fell yesterday as the US card provider said global purchasing growth had slowed to its lowest pace in more than a year.

The firm reported a 15 per cent jump in net income for the three months to the end of June, while revenues rose nine per cent to $1.82bn (£1.17bn), missing forecasts.

Cardholders made $661bn of purchases worldwide, on a local currency basis, during the second quarter, up 13 per cent, the company said in a statement.