MasterCard Europe

MasterCard Incorporated disclosed its full-year and fourth-quarter 2008 operating results for Europe. According to the results the company has shown a double-digit growth in spite of hard economic situation throughout the world.

For the full-year 2008, the European region reported double-digit growth in company gross euro volume with 15.5 %, purchase volume with 15.7 %, purchase transactions with 13.2 % and cash transactions with 10.5 %, against 2007. European customers made 6.4 billion purchase transactions using MasterCard cards in 2008.

MasterCard Europe announced the appointment of Hany Fam to the position of Group General Manager, UK & Ireland Markets and Global Accounts. Fam will be reporting to Javier Perez, President of MasterCard Europe.

Fam will be responsible for overall management and strategic direction of the UK and Ireland, and driving business globally for MasterCard's UK-based Global Accounts.