Mastercard profit rises 25% on higher transactions

[January 29, 2020]  (Reuters) - Mastercard Inc <MA.N> reported a 25% jump in adjusted quarterly profit on Wednesday as customers spent more on its cards to shop and pay bills, boosting fees for the world's second-largest payment processor.

 Mastercard Inc. credit cards are displayed in this picture illustration taken December 8, 2017. REUTERS/Benoit Tessier/Illustration/File Photo

Adjusted net income rose to $2.0 billion, or $1.96 per share, in the fourth quarter ended Dec. 31 from $1.6 billion, or $1.55 per share, a year earlier. (https://mstr.cd/36wyQag)

(Reporting by Bharath Manjesh in Bengaluru; Editing by Krishna Chandra Eluri)

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