MasterCard 2005 Annual Report Download - page 17

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Please find page 17 of the 2005 MasterCard annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

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15
eret around the globe
No payment brand is better known, trusted or accepted globally than
M
asterCard. As “intelligent” systems of commerce spread, particularly in emerging
markets, card use is accelerating worldwide. In India, for example, card penetration
is growing at a signifi cant rate among consumers with a rising appetite for payment
alternatives. In the Middle East, we experienced double-digit growth in 2005. In
China, growth opportunities continue to fl ourish, with pent-up demand for payment
solutions among consumers and businesses. In Russia, where credit and debit are
relatively new, we are building merchant acceptance and cardholder usage through
educational efforts. Meanwhile, in Latin America, we are offering benefi ts beyond
Platinum, targeting the super affl uent with our MasterCard Black™ card.