Business & Tech
MasterCard Continues International Growth
With an operations headquarters in O'Fallon, MasterCard has continued to grow overseas with revenue rising 5 percent in September.
Business continues to grow for MasterCard.
The St. Louis Post-Dispatch reported on Wednesday that business increased in each area of the third quarter of business. The company's revenue grew by 5 percent from 2011, as of September.
MasterCard has its global operations center in O'Fallon, near the intersection of Winghaven Boulevard and Highway 40. The center employes thousands of area residents.
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From the article:
"(MasterCard) processed 8.7 billion transactions, an increase of 24 percent over last year. Excluding the U.S., people spent 15 percent more money using MasterCard-branded cards on a local-currency basis. Americans spent about 7 percent more using MasterCard plastic. The overall volume of purchases rose 12 percent on a local currency basis to $676 billion."
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According to the article, this quarter MasterCard partnered with businesses in Europe and the Czech Republic and there are still more opportunities for expanision.
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