Mastercard - Contactless Payments Now 50% Of Global In-person Transactions

Mastercard’s latest earnings results show double-digit gains in debit and credit spending, a rebound in cross-border activity — and contactless payments, increasingly, becoming the preferred way to pay. In terms of headline numbers, the adjusted earnings per share came to $2.35, topping consensus at $2.19. Revenues of $5.2 billion, up 27%, were a bit better than the $5.1 billion that Wall Street had expected. Drilling down into the data, the company said that gross dollar volumes were up 23% to $2.1 trillion. Cross-border volumes, on a currency neutral basis, were up 53%.