May 1, 2013 / 12:05 PM / 4 years ago

MasterCard profit rises 12 pct

May 1 (Reuters) - MasterCard Inc, the world’s second-largest credit and debit card network, reported a 12 percent rise in quarterly profit as more people used credit and debit cards instead of cash.

Net income rose to $766 million, or $6.23 per share, in the first quarter, from $682 million, or $5.36 per share, a year earlier.

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