MasterCard’s Latin America and Caribbean region has announced its operating results for the second quarter 2009.
Reportedly, during the second quarter of 2009, MasterCard cardholders in the Latin America and Caribbean region used their MasterCard branded cards (excluding Cirrus and Maestro) for 603 million purchase and cash transactions, generating gross dollar volume (GDV) of $41 billion, up 7% on a local currency basis, over the same period in 2008. Additionally, purchase volume in Latin America and the Caribbean region reached $22 billion in the second quarter of 2009, increasing 11.2% on a local currency basis, compared to the same period in 2008.
The number of MasterCard-branded cards in the region increased 11.3% in the second quarter of 2009, to 118 million cards. MasterCard’s global PIN-based debit program, which includes both Maestro, and MasterCard’s ATM-only brand Cirrus, also posted positive results in the second quarter of 2009. In the Latin America and the Caribbean region, the Maestro brand mark appeared on 131 million cards, up 10.4% compared to the second quarter of 2008.
