MasterCard Defies Debt Crisis as Europeans Boost Card Spend
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MasterCard Inc., which is under pressure from France to cut card payment fees, said European consumers are increasingly using credit and debit cards for purchases, dismissing the region’s sovereign debt crisis.
“Our business in Europe has been growing really well,” Ann Cairns, president of international markets at the company, said in an interview in Dubai. “The sovereign debt issue isn’t affecting consumer confidence in the way that it might.”