MasterCard income rises in third quarter

MASTERCARD says its net income rose strongly in the third quarter as its overseas business thrived.

The payments network, based in Purchase, New York, said on Wednesday that its net income rose to $US772 million ($A748.17 million), or $6.17 per share, from $717 million, or $5.63 per share, in the same period a year earlier.

Much of the gain came from growth overseas.

Excluding the US, the amount people spent on MasterCard-branded cards rose 15 per cent on a local-currency basis. That's more than twice the rate of growth in the US.

Revenue rose 5 per cent to $1.92 billion in the three months ending on September 30 from $1.82 billion a year ago.

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