Mastercard profit rises 11% on higher transactions

[October 29, 2019]  (Reuters) - Mastercard Inc <MA.N> reported an 11% rise in third-quarter profit on Tuesday as more transactions were made on its network, boosting fees for the world's second-largest payment processor.

The company's net income rose to $2.11 billion, or $2.07 per share, in the third quarter ended Sept. 30 from $1.9 billion, or $1.82 per share, a year earlier. [https://s2.q4cdn.com/242125233/files/
doc_financials/2019/q3/3Q'19-Earnings-Release.pdf]

(Reporting by Bharath Manjesh and Ayanti Bera in Bengaluru; Editing by Anil D'Silva)

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