MasterCard Inc said on Tuesday it had expanded its deal with payment processor PayPal Holdings Inc, which would allow customers to use PayPal's payment services in stores.
China is to allow foreign payment card companies to operate in the country, potentially giving groups like Visa Inc and MasterCard access to its 55-trillion-yuan ($8.4-trillion) card payment
Strong online sales and demand for furniture and women's apparel helped U.S. retail sales grow by a "solid" 7.9% this holiday season, according to MasterCard Advisors SpendingPulse.
MasterCard’s quarterly revenue missed Wall Street estimates as worldwide purchase volume growth slowed to its lowest level in five quarters, sending the credit and debit card network’s shares down.
