Источник актуальной информации – для профессионалов

Cards, Electronic, Internet and Mobile Payments. ID, NFC, FRID Technologies. IT, CRM, ERP Solutions. Innovations. Experience. Business. Social Projects.

Sunday, 21 July 2019

NBU currency exchange rates


29 June 2011

Visa and Master Card results show positive progress

Judging by the latest set of financial results from Visa and MasterCard, 2011 looks like being a very profitable year indeed, with revenues and card volumes having recovered strongly after two years of stagnation.

MasterCard's Q1 2011 results show that spending volume growth is in double-digit territory, with the network reporting net income of $562 million, a rise of 23.6% compared to the same period a year-ago, while net revenue for Q1 of 2011 was $1.5 billion, a 14.8% increase versus the same period in 2010.

The major highlights for MasterCard included a 12.8% increase in gross dollar volume (GDV) on a local currency basis to $728 billion, and an increase in cross-border volumes of 18.5%. However, the network noted that these factors were partially offset by an increase in rebates and incentives pri­marily due to new and renewed agreements and increased volumes.

MasterCard's worldwide purchase vol­ume during the quarter was up 12.9% on a local currency basis versus Q1 of 2010, to $545 billion. The number of processed transactions increased 11.1% compared to the same period in 2010, to 6 billion. As of 31 March, 2011, the company's customers had issued 1.7 billion MasterCard and Maestro-branded cards worldwide.

Meanwhile, Visa's fiscal Q2 results included net income on a GAAP (Generally Accepted Accounting Principals) basis rising to $881 million, while net operating revenue was $2.2 billion, an increase of 15% from the same period a year-ago, which the net­work attributed to strong growth in service revenues, data processing revenues and international transaction revenues.

Visa's payments volume growth on a constant dollar basis for the three months ended 31 December, 2010, on which fiscal Q2 service revenue is recognised, was a positive 15% over the prior year at $897 billion, while payments volume for the quarter ended 31 March, 2011 grew by 13% from the year-ago period to $861 bil­lion. Cross-border volume growth rose by 13%, while processed transac­tions amounted to 12 billion, a rise of 13% from the year-ago period. For the fiscal second quarter 2011, service revenues were $1.1 billion, an increase of 24%. Data processing rev­enues rose 13% to $823 million   while international transaction revenues, which are driven by cross-border payments volume, grew 14% to $624 million.

An indication of the networks' optimism in the continuing growth of its cards world­wide came with the announcement that Visa has authorised a new $1 billion class A share repurchase program. During the quar­ter, Visa also repurchased approximately 8.7 million class A shares on an as-converted basis, at an average price of $72.58 per share, for a total cost of $630 million. Of the $630 million, $400 million of class B shares were effectively repurchased through the March funding of the litigation escrow account previously established under the network's retrospective responsibility plan, representing 5.4 million class A shares on an as-converted basis at an average price of $73.81 per share.

Meanwhile, during the reported quarter, MasterCard repurchased about 2.6 million shares of class A common stock for $654 million under its $1 billion share repurchase program, which was sanctioned on 14 September, 2010.

On 12 April, 2011, MasterCard approved and authorised the extension of its stock repurchase program to $2 billion from $1 billion. Although the approval is effective immediately, the buyback of its class A shares will be held periodically through open market operations, depending on the

Q1 2011 Visa and Master Card financial statistics

                                          Visa                Master Card

Net revenue ($ billions)               2,2               1,5

Net income ($ millions)               881              562

Total assets ($ billions)              34,4              8,5

Total liabilities($ billions)            8,2               3,3


 Q1 2011 Visa and Master Card operational statistics  ($ millions)

 Visa                                    Total volume     Pmnts volume   Pmnts trns.  Cash trns.                                   

                                            ($ millions)        ($ millions)        (billions)       (billions)

Credit program                     572                     516                    6,08            0,174

Debit program                       806                     345                    8,73            3,01


Master Card                          GDV             Purchase volume  Pmnts trns.  Cash trns.                                    

                                       ($ millions)      ($ millions)             (billions)       (billions)

Credit/charge programmes         459             401                       4,65              0,222

Debit programmes                       270           143                       3,16              0,946

 Source: Payments cards and mobile, May-June,2011

Mobile and Internet Payments
16 July 2014
11 December 2013
Contactles and ID Technology
16 July 2014
16 July 2014