PURCHASE, N.Y.—Mastercard is reporting its profits rose 6% in 2022 over the year prior.
In terms of revenue, this was up by well over 10% on an annual basis and reached $5.8 billion, the company said – something it attributed to cross-border “payments spikes.”
“While macroeconomic and geopolitical uncertainty persists, consumer spending has been remarkably resilient. We are well prepared to adjust our investment profile quickly if needed,” stated a senior figure at the company, according to an FXcompared report.
Mastercard CEO Michael Miebach said there had been some “notable wins” throughout the year.
“We closed out the year with strong financial results and notable wins, which will help us capitalize on the tremendous secular shift to digital payments,” he said.
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