DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister ...
Read More »Credit card spending soars as US consumers battle inflation
Bloomberg Mastercard Inc. said spending on its network jumped 18% as US consumers battle once-in-a-generation levels of inflation. Payment volume soared to $1.65 trillion in the second quarter, topping the $1.64 trillion average of analyst estimates in a Bloomberg survey. The company boosted its forecast for revenue growth for the year after it reported a 58% surge in overseas payments ...
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