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MasterCard International Reports Double Digit Growth in 2005 as Gross Dollar Volume Increases 11.9% Worldwide
Thursday February 2, 5:07 pm ET

PURCHASE, N.Y.--(BUSINESS WIRE)--Feb. 2, 2006--MasterCard International today announced operating results for the fourth quarter and full-year 2005, with double-digit growth in both gross dollar volume (GDV) and purchase volume. In 2005, cardholders worldwide used 749.3 million MasterCard-branded cards for more than 19.1 billion transactions, generating gross dollar volume (GDV) of $1.7 trillion, an increase of 11.9 percent over 2004.

"Innovations like our PayPass contactless payments technology, combined with the global strength of our brand and ability to provide our customers with leading-edge processing services and industry expertise continue to resonate around the world," said MasterCard Chief Operating Officer Alan Heuer.

MasterCard's strong performance in 2005 was fueled by growth in both credit and debit programs. GDV for worldwide credit and charge programs grew 9.2 percent to more than $1.3 trillion, while GDV for offline debit programs rose 23.6 percent to $347.3 billion.

Performance highlights for 2005 include:

  • Cardholders across the globe used MasterCard-branded cards (excluding Maestro® and Cirrus®) for more than 19.1 billion transactions, generating GDV of $1.7 trillion, an increase of 11.9 percent over 2004. GDV includes both purchase and cash volume.
  • At year-end, MasterCard's almost 25,000 customer financial institutions around the world had issued 749.3 million MasterCard-branded cards, a 10.5 percent increase over 2004.
  • The value of purchases on MasterCard-branded cards showed strong growth worldwide, rising 13.7 percent to nearly $1.2 trillion.

The performance breakdown by region is as follows:
                          For the Year ended December 31, 2005
                    --------------------------------------------------
All Programs except                     Purchase            Purchase
On-Line Debit          GDV     Growth    Volume   Growth  Transactions
 Programs           (Billions) (Local) (Billions) (Local)  (Millions)
                    --------------------------------------------------
South Asia/
 Middle East
  Africa            $    21.8    40.8% $    14.4    28.3%       227.5
Asia/Pacific            261.7     7.7%     139.2    14.2%     1,726.7
Europe                  452.8    13.5%     333.9    13.7%     4,528.7
Latin America            98.0    32.5%      44.6    31.9%     1,075.5
Canada                   61.2    13.7%      52.1    16.0%       683.9
United States           765.1     9.5%     589.0    11.9%     8,360.3
Worldwide             1,660.6    11.9%   1,173.3    13.7%    16,602.6

Credit Programs
United States           575.7     5.1%     472.2     9.1%     5,597.7
Worldwide             1,313.3     9.2%     989.9    12.5%    12,625.1

Off-Line Debit
 Programs
United States           189.4    25.4%     116.8    25.2%     2,762.6
Worldwide               347.3    23.6%     183.4    20.3%     3,977.4


                 
All Programs     -----------------------------------------------------
except              Cash                Cash
On-Line Debit      Volume   Growth  Transactions  Accounts    Cards
Programs         (Billions) (Local)  (Millions)  (Millions) (Millions)
                 -----------------------------------------------------
                 
South Asia/
 Middle East
  Africa         $     7.4    73.6%        59.2       15.8       18.6
Asia/Pacific         122.5     1.2%       477.7      131.6      144.2
Europe               118.9    12.8%       794.8      116.6      129.5
Latin America         53.4    33.0%       397.0       61.6       74.1
Canada                 9.1     1.7%        18.7       25.7       31.3
United States        176.0     2.2%       764.9      301.0      351.6
Worldwide            487.4     7.8%     2,512.2      652.3      749.3

Credit Programs
United States        103.5    -9.7%        66.8      231.7      277.0
Worldwide            323.5    -0.1%     1,070.0      545.0      630.9

Off-Line Debit
 Programs
United States         72.6    25.8%       698.1       69.3       74.5
Worldwide            163.9    27.6%     1,442.2      107.3      118.3


                     


                    For the 3 Months ended December 31, 2005
All      -------------------------------------------------------------
Programs                    
except     
On-Line                      Purchase            Purchase      Cash
Debit       GDV     Growth    Volume   Growth  Transactions   Volume
Programs (Billions) (Local) (Billions) (Local)  (Millions)  (Billions)
         -------------------------------------------------------------
South Asia/
 Middle East
  Africa      $6.7    56.5%      $4.2    33.8%        66.6       $2.5
Asia/
Pacific       68.3     8.9%      37.3    15.1%       466.8       31.0
Europe       119.0    14.4%      88.0    13.2%     1,212.0       31.1
Latin
 America      29.5    27.2%      13.8    30.6%       309.4       15.7
Canada        17.3    12.7%      14.9    14.8%       185.5        2.4
United
 States      204.9     8.5%     160.1    11.7%     2,258.4       44.8
Worldwide    445.8    11.9%     318.3    13.6%     4,498.7      127.5

Credit
 Programs
United
 States      154.4     5.1%     128.0     9.0%     1,511.1       26.4
Worldwide    352.0    10.1%     268.7    12.7%     3,426.8       83.3

Off-Line
 Debit
 Programs
United
 States       50.5    20.3%      32.1    23.6%       747.3       18.4
Worldwide     93.7    19.1%      49.6    18.5%     1,071.9       44.2


                             
All Programs    ------------------------------------------------------
except                       Cash                           Acceptance
On-Line Debit    Growth  Transactions  Accounts    Cards    Locations
Programs         (Local)  (Millions)  (Millions) (Millions) (Millions)
                ------------------------------------------------------
South Asia/
 Middle East
  Africa          117.1%        20.2       15.8       18.6        0.6
Asia/Pacific        2.2%       130.8      131.6      144.2        7.6
Europe             18.1%       207.9      116.6      129.5        7.8
Latin America      24.3%       107.3       61.6       74.1        2.0
Canada              1.0%         4.6       25.7       31.3        0.8
United States      -1.6%       187.2      301.0      351.6        6.0
Worldwide           7.8%       658.0      652.3      749.3       24.7

Credit Programs
United States     -10.6%        16.7      231.7      277.0
Worldwide           2.4%       282.8      545.0      630.9

Off-Line Debit
 Programs
United States      15.0%       170.5       69.3       74.5
Worldwide          19.7%       375.2      107.3      118.3

Note to Editors:

Online debit activity, which includes MasterCard's online debit program, Maestro, and MasterCard's ATM-only brand, Cirrus, will be available at a later date.

The data in this press release is provided by the member financial institutions of MasterCard International Incorporated and its affiliates ("MasterCard") and is subject to revision and amendment by such members subsequent to the date of its release which revisions and amendments may be material. A portion of the data relating to accounts and cards reflects the impact of routine portfolio changes among members and other practices that may lead to over counting of the underlying data in certain circumstances. Information with respect to gross dollar volumes ("GDV") includes the impact of balance transfers and convenience checks. The number of cards includes virtual cards, which are MasterCard-branded payment accounts in connection with which functional cards are not generally issued.

Information denominated in U.S. dollars is calculated by applying an established U.S. dollar/local currency exchange rate for each local currency in which MasterCard volumes are reported.

Period-over-period rates of change in volume-based information are provided on a local-currency basis. Accordingly, the period-over-period rates of change in this press release cannot be extrapolated directly by reference to the U.S. dollar volume information presented for the current and historical periods.

MasterCard-branded data regarding GDV, purchase volume, purchase transactions, cash volume and cash transactions is derived from information provided by MasterCard members that is subject to verification by MasterCard and partial cross-checking against information provided by MasterCard's transaction processing systems. MasterCard-branded data concerning accounts, cards and acceptance locations is derived from information provided by MasterCard members that is subject to certain limited verification by MasterCard. Certain information with respect to acceptance locations is provided by third parties and has not been independently verified by MasterCard.

The data in this press release includes information with respect to MasterCard-branded transactions that are not processed by MasterCard and transactions for which MasterCard does not earn significant revenues. Accordingly, the data in this press release cannot be taken as a direct indication of the financial performance of MasterCard International or its parent company, MasterCard Incorporated. Cash volumes for the periods indicated in the tables above for MasterCard-branded debit programs in the U.S. region and credit programs in the Asia/Pacific region are higher due to expanded data collection and stricter enforcement of reporting requirements during these periods. Some of the data in the Asia/Pacific region for the periods prior to the three months ended September 30, 2004 have been estimated in order to conform to current presentation standards and ensure comparable statistics. In addition, a change in methodology for characterizing volumes for certain transactions in China, the United Kingdom and the United States have lowered purchase volume and increased cash volume in the Asia/Pacific, Europe and the United States regions.

About MasterCard International

MasterCard Incorporated is a leading global payments solutions company that provides a broad variety of innovative services in support of our global members' credit, deposit access, electronic cash, business-to-business and related payment programs. MasterCard, through its principal operating subsidiary, MasterCard International Incorporated, manages a family of well-known, widely accepted payment card brands including MasterCard®, Maestro® and Cirrus® and serves financial institutions, consumers and businesses in over 210 countries and territories. The MasterCard award-winning Priceless® advertising campaign is now seen in 105 countries and in 48 languages, giving the MasterCard brand a truly global reach and scope. For more information go to www.mastercardinternational.com.

Contact:

MasterCard International
Sharon Gamsin, 1-914-249-5622
sgamsin@mastercard.com
or
Jessica Antle, 1-914-249-5632
jessica_antle@mastercard.com

--------------------------------------------------------------------------------
Source: MasterCard International