Mastercard's fourth-quarter profit jumps on buoyant spending
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Jan 31 (Reuters) - Payments processor Mastercard on Wednesday reported an 11% jump in fourth-quarter profit, driven by resilient consumer spending during the holiday season as labor markets remained strong and fears of a recession eased.
The company reported a profit of $2.8 billion, or $2.97 per share, for the three months ended Dec. 31, compared with $2.5 billion, or $2.62 per share, a year earlier.
(Reporting by Niket Nishant and Jaiveer Singh Shekhawat in Bengaluru)
