Mastercard reported better-than-expected quarterly results on Wednesday, boosted by an increase in transactions by its credit card customers.

The US group's net profit rose by 17% to $3 billion in the fourth quarter, or $3.18 per share, against analysts' expectations of $2.84 per share.

The payment card specialist's sales rose by 13% to $6.5 billion, ahead of the $6 billion expected by analysts.

Despite this better-than-expected performance, Mastercard shares were losing 0.8% on Wednesday morning in pre-market trading on Wall Street. At yesterday's closing price, its capitalization exceeded $417 billion.

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