MasterCard Europe Reports Growth for 2009 First Quarter
MasterCard Europe announced its first quarter 2009 operating results
for the Europe region. Despite challenging economic circumstances at
the close of 2008, a focus on innovation and customer service has
helped to deliver growth for MasterCard Europe.
Javier Perez, president, MasterCard Europe said: “2009 is set to be another eventful year as the world continues to chart its course through a challenging and shifting financial landscape. The emergence of the ‘new European consumer’ – for whom a card programme is an important gateway to money management, requires participants in the payments and retailing industry to focus on the new consumers’ key watchwords: Security, stability, value for money.”
“Our first quarter activity has underscored this approach. Innovation continues to be key – especially technology-led innovation, such as mobile payments, contactless payments and secure online payments with further adoption of PayPass and mobile payments across the region.”
“In April, we also reached an arrangement with the European Commission on interim interchange fees for cross-border consumer payments within the European Economic Area (EEA). The Commission acknowledges the legitimacy of interchange fees in open four-party payment systems, and provides a degree of clarity for our customers while we pursue our appeal of the Commission’s decision on these interchange fees.”
For the first quarter 2009, the European region reported growth in MasterCard gross euro volume (3.9%), purchase volume (4.2%), purchase transactions (6.4%) and cash transactions (4.3%), compared to the first quarter 2008. In the first three months of 2009 European cardholders made over 1.5 billion purchase transactions with their MasterCard cards, including e-commerce.
As of 31 March 2009, 195 million MasterCard cards (excluding Maestro and Cirrus) had been issued by MasterCard customer financial institutions across Europe, up 7.0 % compared to the same quarter in 2008. European cardholders could use their MasterCard cards at 8.4 million acceptance locations in the region.
In addition, the Maestro brand mark appeared on 312 million cards, up 4.4% compared to the same quarter in 2008. Consumers can now make point of sale purchases with their Maestro cards at over 7.1 million merchant locations throughout Europe.