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MasterCard profit rises 3 pct

Friday, 31 Jan 2014 | 8:06 AM ET

Jan 31 (Reuters) - MasterCard Inc, the world's No.2 credit and debit card company, reported a 3 percent rise in quarterly profit as more people across the world used plastic instead of cash.

MasterCard's net income rose to $623 million, or 52 cents per share, in the fourth quarter from $605 million, or 49 cents per share, a year earlier.

Adjusted earnings were 57 cents per share.

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