Mastercard's net revenue grew by 16% YoY to $4.4 billion, while net income grew to 134% to $2.1 billion in Q4 2019. The company's gross dollar volume increased 12% YY, and cross-border volume increased 16%. In India, MasterCard signed a co-brand deal with Vistara Airlines, and renewed debit deals with HDFC Bank and SBI. The company has also entered into a partnership with Pine Labs, that provides PoS and prepaid services to merchants in India, Southeast Asia, and Middle East. In a blow to the digital payments industry, the Indian government last month disallowed businesses with annual turnover of over Rs 50 crore to levy merchant discount rate (MDR) on either customers or merchants for RuPay and UPI transactions. Mastercard president and CEO Ajay Banga said the company is monitoring "a number of economic and geopolitical factors as well as the potential effects of the corona virus that could impact results". It's early days for the Coronavirus, "fortunately, a decent portion of our inbound and outbound cross border from China is e-com related. So it provides some level of a hedge. And we will continue to monitor the environment. It's too early to tell at this point in time, how this thing plays out," CFO Sachin Mehra said. If the coronavirus epidemic becomes bigger, more urgent and immediate crsis across many parts of the world, then "we'll take a look at those numbers once again. But you're going to take this as it comes, one step at a time, and…
