Master Card expects revenue to double in Latin America during next 4-5 years

brecorder.com reported MasterCard Inc, the world’s second-largest debit and credit card company, expects net revenue to double in Latin America over the next four to five years on strong consumer spending and a shift to electronic payment from cash, a leading executive told Reuters. In recent years, a growing middle class has driven a boom in consumer spending in Latin America and helped sustain economic growth. “There’s much more growth here in Latin America in terms of percentage growth year over year than you have in places like the US or Europe,” Ann Cairns, the president of MasterCard. Read Article