Credit card is seen in front of displayed Master Card logo in this illustration taken, July 15, 2021.
REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsOct 26 (Reuters) - Mastercard (MA.N) on Thursday reported a rise in third-quarter profit, as consumer spent on travel and entertainment.
The company reported a profit of $3.2 billion, or $3.39 per share, for the three months ended Sept. 30, compared with $2.5 billion, or $2.58 per share, a year earlier.
Wage growth has helped customers persist with their spending habits on travel, shopping and entertainment despite still high inflation.
Reporting by Niket Nishant in Bengaluru; Editing by Shinjini GanguliOur Standards: The Thomson Reuters Trust Principles.
Persons:
Dado Ruvic, Niket, Shinjini
Organizations:
REUTERS, Mastercard, U.S . Federal, Thomson
Locations:
Bengaluru