MasterCard profit rises 17 percent

[April 29, 2015] (Reuters) - MasterCard Inc, the world's No. 2 debit and credit card company, reported a 17 percent rise in quarterly profit as more people used its cards worldwide.

The company's net income rose to $1.02 billion, or 89 cents per share, in the first quarter ended March 31 from $870 million, or 73 cents per share, a year earlier.

Net revenue rose 2.7 percent to $2.23 billion.

(Reporting by Neha Dimri in Bengaluru; Editing by Joyjeet Das)

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