http://www1.mastercard.com/content/intelligence/en/research/press-release2019-03-15T22:09:54.676ZPress ReleaseAdobe Experience ManagerSingle and Young Consumers in Asia/Pacific Plan to Save More: MasterCard Survey Market Highlights (Asia/Pacific)<p><b>Australia</b><br> </p> <ul> <li>Female consumers (53%) in Australia are planning to save more compared to their male counterparts (50%) in the next six months.</li> <li>Younger consumers between the ages of 18 to 29 years old (66%) are planning to save more in the next six months compared to their older counterparts – 30 to 44 years (48%), 45 to 54 years (51%) and 55 years and above (33%).</li> <li>The economic uncertainty has caused 47% of Australian consumers to either maintain or increase their level of savings in preparation for unforeseen emergency expenditures. 53% of Australian consumers however, do not see this as the main reason for saving more/same in the next six months. Among the different age groups, those in the 18-29 age bracket (52%) are most concerned about saving for a rainy day. When compared with last year’s findings, this highlights a shift in concern about economic uncertainty from the 30-44 age bracket to their younger counterparts.</li> <li>Consistent with our previous survey (in January 2010), Australian consumers are once again also saving for buying or upgrading property (39%), international personal air travel (37%) and investments (29%). However from being the third highest reason why Australian consumers were saving more this time last year, retirement (21%) is influencing consumer to save less this year.</li> <li>The majority of Australian consumers (29%) plan to save between 1-10% of their income in the next six months.</li> </ul> <p><b>China</b><br> </p> <ul> <li>A greater proportion of male consumers (43%) surveyed in China are planning to save more compared to their female counterparts (42%) in the next six months. This is a drastic increase from this time last year where only 15% of male consumers and 7% of female consumers planned to save more in the next six months.</li> <li>Younger consumers between the ages of 18 to 29 years old (51%) are planning to save more in the next six months compared to their older counterparts – 30 to 44 years (44%), 45 to 54 years (23%) and 55 years and above (15%). Compared to this time last year, this is an increase across the board for China consumers.</li> <li>The economic uncertainty has caused 80% of Chinese consumers to either maintain or increase their level of savings in preparation for unforeseen emergency expenditures. Among the different age groups, those in the 45-54 age bracket (86%) are most concerned about saving for a rainy day.</li> <li>Chinese consumers are also saving for investments (37%), buying or upgrading property (35%), and consumer electronics (20%).</li> <li>The majority of Chinese consumers (20%) plan to save between 21-30 % of their income in the next six months.<br> </li> </ul> <div><b>Hong Kong</b></div> <div><b><br type="_moz"> </b></div> <ul> <li>A similar proportion of male consumers (42%) and female consumers (41%) surveyed in Hong Kong are planning to save more in the next six months. This is more than a 15% increase from this time last year.</li> <li>Younger consumers between the ages of 18 to 29 years old (57%) are planning to save more in the next six months compared to their older counterparts – 30 to 44 years (37%), 45 to 54 years (35%) and 55 years and above (31%).</li> <li>The economic uncertainty has caused 66% of consumers from Hong Kong to either maintain or increase their level of savings in preparation for unforeseen emergency expenditures. Among the different age groups, those above 55 years and above (73%) are most concerned about saving for a rainy day.</li> <li>Consumers from Hong Kong are also saving for investments (59%), retirement (51%) and international personal air travel (50%).</li> <li>The majority of consumers from Hong Kong (26%) plan to save between 11-20% of their income in the next six months. This is an increase from last year, where the majority of consumers from Hong Kong (26%) planned to save between 1-10% of their income in the next six months.<br> </li> </ul> <div><b>India</b></div> <div><b><br type="_moz"> </b></div> <ul> <li>Female consumers (38%) in India are planning to save more compared to their male counterparts (34%) in the next six months.</li> <li>Younger consumers between the ages of 18 to 29 years old (40%) and consumers between the ages of 30 to 44 years (36%) are planning to save more in the next six months compared to their older counterparts – 45 to 54 years (31%) and 55 years and above (31%).</li> <li>The economic uncertainty has caused 96% of Indian consumers to either maintain or increase their level of savings in preparation for unforeseen emergency expenditures. This is an increase of over 10% of consumers. Among the different age groups, those in the 55 years and above bracket (98%) are most concerned about saving for a rainy day, taking over those in the 18-29 age bracket who were the most concerned about this last time. However all of the other age groups are also concerned about saving for a rainy day 18-29 years old (55%), 30 to 44 years old (44%), and 45 to 54 years old (44%).</li> <li>Indian consumers are also saving for investments (59%), buying or upgrading property (44%), consumer electronics (33%) and retirement (33%).</li> <li>The majority of Indian consumers (41%) plan to save between 1-10% of their income in the next six months. This is a move towards a lower percentage of saving compared to last year, where 39% of Indian consumers planned to save between 11-20% of their income in the next 6 months.<br> </li> </ul> <div><b>Indonesia</b></div> <div><b><br type="_moz"> </b></div> <ul> <li>A greater proportion of female consumers (51%) surveyed in Indonesia are planning to save more compared to their male counterparts (42%) in the next six months.</li> <li>Younger consumers between the ages of 18 to 29 years old (55%) are planning to save more in the next six months compared to their older counterparts – 30 to 44 years (44%), 45 to 54 years (44%) and 55 years and above (22%).</li> <li>The economic uncertainty has caused 75% of Indonesian consumers to either maintain or increase their level of savings in preparation for unforeseen emergency expenditures. Among the different age groups, those in the 55 years and above (79%) and the 18-29 age bracket (78%) are most concerned about saving for a rainy day.</li> <li>Indonesian consumers are also saving for investments (70%), personal or children’s education (30%), retirement (24%) and buying property (24%). Compared to last year, personal or children’s education is a new addition to the list of top reasons why Indonesian consumers are saving.</li> <li>The majority of Indonesian consumers (44%) plan to save between 1-10% of their income in the next six months.</li> </ul> <div><b>Japan</b></div> <div><b><br type="_moz"> </b></div> <ul> <li>A similar proportion of male consumers (29%) and female consumers (28%) surveyed in Japan are planning to save more in the next six months.</li> <li>Consumers between the ages of 18 to 29 years old (44%) are planning to save more in the next six months compared to their older counterparts – 30 to 44 years (34%), 45 to 54 years (13%) and 55 years and above (18%). Since last year, the percentage of Japanese consumers aged 18-29 who planned to save more in the next 6 months has more than doubled.</li> <li>The economic uncertainty has caused 78% of Japanese consumers to either maintain or increase their level of savings in preparation for unforeseen emergency expenditures. Among the different age groups, those in the 30-44 age bracket (85%) are most concerned about saving for a rainy day.</li> <li>Japanese consumers are also saving for retirement (51%), consumer electronics (32%), buying or upgrading property (29%) and international personal air travel (29%).</li> <li>The majority of Japanese consumers (26%) plan to save between 1-10% of their income in the next six months.</li> </ul> <div><b>Korea</b></div> <div><b><br type="_moz"> </b></div> <ul> <li>A similar proportion of female consumers (42%) and male consumers (43%) surveyed in Korea are planning to save more in the next six months. This is almost double of last year’s Korean consumers who planned to save more.</li> <li>Younger consumers between the ages of 18 to 29 years old (58%) are planning to save more in the next six months compared to their older counterparts – 30 to 44 years (46%), 45 to 54 years (29%) and 55 years and above (17%).</li> <li>The economic uncertainty has caused 80% of Korean consumers to either maintain or increase their level of savings in preparation for unforeseen emergency expenditures. This is more than a 30% increase since last year. Among the different age groups, those in the 55 years and above bracket (87%) are most concerned about saving for a rainy day. This is a shift from last year, where those in the 30-44 age bracket were most concerned about saving for a rainy day.</li> <li>Korean consumers are also saving for retirement (55%), buying property (52%) and investments (38%).</li> <li>The majority of Korean consumers (28%) plan to save between 11-20% of their income in the next six months. This is a decrease in planned savings compared to last year where the majority of Korean consumers planned to save between 21-30% of their income.</li> </ul> <div><b>Malaysia</b></div> <div><b><br type="_moz"> </b></div> <ul> <li>Female consumers (51%) surveyed in Malaysia are planning to save more compared to their male counterparts (49%) in the next six months. Both of these figures are more than double those of last year.</li> <li>Younger consumers between the ages of 18 to 29 years old (66%) are planning to save more in the next six months compared to their older counterparts – 30 to 44 years (49%), 45 to 54 years (34%) and 55 years and above (33%). Compared to this time last year, the percentages have increased across the board, but most significantly for the 18-29 age bracket, which increase 36%.</li> <li>The economic uncertainty has caused 50% of Malaysian consumers to either maintain or increase their level of savings in preparation for unforeseen emergency expenditures. Among the different age groups, those in the 55 years and above bracket (90%) are most concerned about saving for a rainy day.</li> <li>Malaysian consumers are also saving for retirement (63%), investments (42%) and buying or upgrading property (32%).</li> <li>The majority of Malaysian consumers (31%) plan to save between 1-10% of their income in the next six months.</li> </ul> <div><b>New Zealand</b></div> <div><b><br type="_moz"> </b></div> <ul> <li>An equal proportion of female consumers (50%) and male consumers (50%) surveyed in New Zealand are planning to save more in the next six months.</li> <li>Younger consumers between the ages of 18 to 29 years old (66%) are planning to save more in the next six months compared to their older counterparts – 30 to 44 years (55%), 45 to 54 years (34%) and 55 years and above (41%).</li> <li>The economic uncertainty has caused 40% of New Zealander consumers to either maintain or increase their level of savings in preparation for unforeseen emergency expenditures. 60% of New Zealander consumers however, do not see this as the main reason for saving more/same in the next six months. Among the different age groups, those in the 45-54 age bracket (55%) are most concerned about saving for a rainy day.</li> <li>New Zealander consumers are also saving for international personal air travel (45%), retirement (36%) and buying or upgrading property (35%).</li> <li>The majority of New Zealander consumers (40%) plan to save between 1-10% of their income in the next six months.</li> </ul> <div><b>Philippines</b></div> <div><b><br type="_moz"> </b></div> <ul> <li>A greater proportion of male consumers (78%) surveyed in the Philippines are planning to save more compared to their female counterparts (69%) in the next six months.</li> <li>Younger consumers between the ages of 18 to 29 years old (91%) are planning to save more in the next six months compared to their older counterparts – 30 to 44 years (73%), 45 to 54 years (70%) and 55 years and above (35%).</li> <li>The economic uncertainty has caused 82% of Filipino consumers to either maintain or increase their level of savings in preparation for unforeseen emergency expenditures. Among the different age groups, those in the 45-54 age bracket (86%) are most concerned about saving for a rainy day.</li> <li>Filipino consumers are also saving for investments (59%), buying or upgrading property (55%) and retirement (45%).</li> <li>The majority of Filipino consumers (30%) plan to save between 1-10% of their income in the next six months.</li> </ul> <div><b>Singapore</b></div> <div><b><br type="_moz"> </b></div> <ul> <li>A greater proportion of male consumers (54%) surveyed in Singapore are planning to save more compared to their female counterparts (48%) in the next six months.</li> <li>Younger consumers between the ages of 18 to 29 years old (69%) are planning to save more in the next six months compared to their older counterparts – 30 to 44 years (48%), 45 to 54 years (41%) and 55 years and above (20%).</li> <li>The economic uncertainty has caused 67% of Singaporean consumers to either maintain or increase their level of savings in preparation for unforeseen emergency expenditures. Among the different age groups, those in the 30-44 (70%) and 45-54 age brackets (70%) are most concerned about saving for a rainy day.</li> <li>Singaporean consumers are also saving for retirement (57%), investments (48%) and buying or upgrading property (42%)</li> <li>The majority of Singaporean consumers (29%) plan to save between 11-20% of their income in the next six months. This is a lower percentage of saving than this time last year, when the majority of Singaporean consumers planned to save between 21%-30% of their income in the next six months.</li> </ul> <div><b>Taiwan</b></div> <div><b><br type="_moz"> </b></div> <ul> <li>A greater proportion of female consumers (49%) surveyed in Taiwan are planning to save more compared to their male counterparts (38%) in the next six months.</li> <li>Younger consumers between the ages of 18 to 29 years old (63%) are planning to save more in the next six months compared to their older counterparts – 30 to 44 years (35%), 45 to 54 years (34%) and 55 years and above (37%).</li> <li>The economic uncertainty has caused 78% of Taiwanese consumers to either maintain or increase their level of savings in preparation for unforeseen emergency expenditures. Among the different age groups, those in the 30-44 age bracket (81%) are most concerned about saving for a rainy day.</li> <li>Taiwanese consumers are also saving for retirement (55%), investments (55%) and buying or upgrading property (48%).</li> <li>The majority of Taiwanese consumers (24%) plan to save between 11-20% of their income in the next six months.</li> </ul> <div><b>Thailand</b></div> <div><b><br type="_moz"> </b></div> <ul> <li>A greater proportion of male consumers (55%) surveyed in Thailand are planning to save more compared to their female counterparts (49%) in the next six months.</li> <li>Younger consumers between the ages of 18 to 29 years old (69%) are planning to save more in the next six months compared to their older counterparts – 30 to 44 years (53%), 45 to 54 years (41%) and 55 years and above (29%).</li> <li>The economic uncertainty has caused 91% of Thai consumers to either maintain or increase their level of savings in preparation for unforeseen emergency expenditures. Among the different age groups, those in the 18-29 age bracket (94%) are most concerned about saving for a rainy day.</li> <li>Thai consumers are also saving for retirement (40%), investments (38%) and buying or upgrading property (24%).</li> <li>The majority of Thai consumers (42%) plan to save between 1-10% of their income in the next six months.</li> </ul> <div><b>Vietnam</b></div> <div><b><br type="_moz"> </b></div> <ul> <li>A greater proportion of female consumers (45%) surveyed in Vietnam are planning to save more compared to their male counterparts (43%) in the next six months.</li> <li>Consumers between the ages of 45 to 54 years old (48%) are planning to save more in the next six months compared to their counterparts – 18 to 29 years (42%), 30 to 44 years (44%) and 55 years and above (41%).</li> <li>The economic uncertainty has caused 82% of Vietnamese consumers to either maintain or increase their level of savings in preparation for unforeseen emergency expenditures. Among the different age groups, those in the 55 years and above age bracket (91%) are most concerned about saving for a rainy day. This is a dramatic shift from last year, where those in the 18-30 age bracket (90%)were the most concerned about saving for a rainy day</li> <li>Vietnamese consumers are also saving for consumer electronics (39%), buying or upgrading property (32%) and purchase of white goods (25%)</li> <li>The majority of Vietnamese consumers (33%) plan to save between 11-20% of their income in the next six months. This is an increase from last year when the majority of Vietnamese consumers (30%) plan to save between 1-10% of their income in the next six months</li> </ul> MasterCard and its Suite of Research Properties <p>MasterCard puts out a series of ongoing consumer surveys and research Indices in the Asia/Pacific, Middle East and Africa. These include the MasterCard Survey on Consumer Purchasing Priorities, the MasterCard Worldwide Index of Consumer Purchasing Resilience, the MasterCard Worldwide Index of Consumer Confidence and MasterCard Worldwide Index of Women’s Advancement.</p> <p>Besides these, MasterCard also regularly releases its Insights reports; the series is part its ongoing research and analysis of business dynamics, financial policies and regulatory activities in the Asia/Pacific, Middle East and Africa region. Over 70 Insights reports have been produced since 2004. MasterCard has also released a series of four books on Asian consumer insights, authored by its Asia/Pacific economist, Dr. Yuwa Hedrick-Wong and published by John Wiley &amp; Sons.</p> <p>The MasterCard Indexes and Insights reports are available at <a href="http://www.masterintelligence.com">www.masterintelligence.com</a></p> About MasterCard Worldwide <p>MasterCard Worldwide advances global commerce by providing a critical economic link among financial institutions, businesses, cardholders and merchants worldwide. As a franchisor, processor and advisor, MasterCard develops and markets payment solutions, processes over 22 billion transactions each year, and provides industry-leading analysis and consulting services to financial-institution customers and merchants. Powered by the MasterCard Worldwide Network and through its family of brands, including MasterCard®, Maestro® and Cirrus®, MasterCard serves consumers and businesses in more than 210 countries and territories. For more information, go to www.mastercard.com. Follow us on Twitter: @mastercardnews. </p> Contacts<p><b>Linda Lee</b>,<br> Weber Shandwick Worldwide <br> <a href="mailto:linlee@webershandwick.com" target="_blank">linlee@webershandwick.com</a><br> (65) 6825- 8016</p> <p><b>Vani Viswanathan<br> </b>Weber Shandwick Worldwide<br> <a href="mailto:vviswanathan@webershandwick.com" target="_blank">vviswanathan@webershandwick.com</a><br> (65) 6825- 8053</p> <p>&nbsp;</p> The MasterCard survey on Consumer Purchasing Priorities – Money Management helps us to understand consumers’ saving and spending priorities. This survey was conducted between mid March and April 2010 and involved 10,920 consumers in 24 markets across Asia/Pacific, Middle East and Africa.http://www1.mastercard.com/content/intelligence/en/research/press-release/2010/single-and-young-consumers-in-asia-pacific-plan-to-save-more--ma2010-07-22T16:00:00.000Z2010-07-22T16:00:00.000ZTravel Bug Bites One in Four Consumers in Asia/Pacific: MasterCard Survey MasterCard and its Suite of Research Properties<p>MasterCard puts out a series of ongoing consumer surveys and research Indices in the Asia/Pacific, Middle East and Africa. These include the MasterCard Survey on Consumer Purchasing Priorities, the MasterCard Worldwide Index of Consumer Purchasing Resilience, the MasterCard Worldwide Index of Consumer Confidence and MasterCard Worldwide Index of Women’s Advancement.</p> <p>Besides these, MasterCard also regularly releases its Insights reports; the series is part its ongoing research and analysis of business dynamics, financial policies and regulatory activities in the Asia/Pacific, Middle East and Africa region. Over 70 Insights reports have been produced since 2004. MasterCard has also released a series of four books on Asian consumer insights, authored by its Asia/Pacific economist, Dr. Yuwa Hedrick-Wong and published by John Wiley &amp; Sons.</p> <p>The MasterCard Indexes and Insights reports are available at <a href="http://www.masterintelligence.com/">www.masterintelligence.com</a></p> <p></p> About MasterCard Worldwide<p>MasterCard Worldwide advances global commerce by providing a critical economic link among financial institutions, businesses, cardholders and merchants worldwide. As a franchisor, processor and advisor, MasterCard develops and markets payment solutions, processes over 22 billion transactions each year, and provides industry-leading analysis and consulting services to financial-institution customers and merchants. Powered by the MasterCard Worldwide Network and through its family of brands, including MasterCard®, Maestro® and Cirrus®, MasterCard serves consumers and businesses in more than 210 countries and territories. For more information, go to www.mastercard.com. Follow us on Twitter: @mastercardnews.</p> Contacts<p><b>Eugenia Koh<br> </b>Weber Shandwick Worldwide,<br> <a href="mailto:ekoh@webershandwick.com">ekoh@webershandwick.com</a>,<br> (65) 6825- 8029</p> <p><b>Vani Viswanathan<br> </b>Weber Shandwick Worldwide,<br> <a href="mailto:vviswanathan@webershandwick.com">vviswanathan@webershandwick.com</a>,<br> (65) 6825- 8053</p> <p></p> The MasterCard Survey on Consumer Purchasing Priorities – Travel provides valuable insights into the Asia/Pacific consumers’ travel preferences and habits. The survey was conducted from 15 March to 12 April 2010 and involved 10,503 consumers from 24 markets.http://www1.mastercard.com/content/intelligence/en/research/press-release/2010/travel-bug-bites-one-in-four-consumers-in-asia-pacific--masterca2010-05-31T16:00:00.000Z2010-05-31T16:00:00.000ZMasterCard Survey: Consumers continue to Embrace Ethical Shopping in Asia/Pacific MasterCard and its Suite of Research Properties<p>MasterCard puts out a series of ongoing consumer surveys and research Indices in the Asia/Pacific, Middle East and Africa. These include the MasterCard Survey on Consumer Purchasing Priorities, the MasterCard Worldwide Index of Consumer Purchasing Resilience, the MasterCard Worldwide Index of Consumer Confidence and MasterCard Worldwide Index of Women’s Advancement.</p> <p>Besides these, MasterCard also regularly releases its Insights reports; the series is part its ongoing research and analysis of business dynamics, financial policies and regulatory activities in the Asia/Pacific, Middle East and Africa region. Over 70 Insights reports have been produced since 2004. MasterCard has also released a series of four books on Asian consumer insights, authored by its Asia/Pacific economist, Dr. Yuwa Hedrick-Wong and published by John Wiley &amp; Sons.</p> <p>The MasterCard Indexes and Insights reports are available at <a href="http://www.masterintelligence.com">www.masterintelligence.com</a></p> MasterCard and Corporate Social Responsibility <p>MasterCard’s corporate social responsibility platform (CSR) in Asia/Pacific, Middle East and Africa (APMEA) is focused primarily on bettering the quality of life for women and children by providing them educational opportunities. MasterCard does this by supporting a broad range of women’s and children’s causes through scholarships, financial assistance, educational programs and various sustainability programs, helping provide them with the skills required to stand on their own feet and support themselves and their families. Apart from the educational aspects of MasterCard’s CSR programs in APMEA, consumer education is an important area of consideration for MasterCard given the significance of financial know-how in improving lives and the socioeconomic standing of families throughout the region.</p> <p>A key component of MasterCard’s social responsibility and citizenship efforts across the region is the MasterCard Purchase with Purpose™ platform. Based on the concept of transactional philanthropy, it is at the heart of a drive by MasterCard to encourage responsible spending and make a difference in someone else's life. Across APMEA, MasterCard Purchase with Purpose initiatives involve cardholders in the company’s efforts to give back to the community whenever they use their MasterCard cards. More information on MasterCard Purchase with Purpose in the region is available at <i><a href="http://www.mastercard.com/sea/purchasewithpurpose" target="_blank">www.mastercard.com/sea/purchasewithpurpose</a></i></p> About MasterCard Worldwide <p>As a leading global payments company, MasterCard Worldwide prides itself on being at the heart of commerce, helping to make life easier and more efficient for everyone, everywhere.&nbsp; MasterCard serves as a franchisor, processor and advisor to the payments industry, and makes commerce happen by providing a critical economic link among financial institutions, governments, businesses, merchants, and cardholders worldwide.&nbsp; In 2009, $2.5 trillion in gross dollar volume was generated on its products by consumers around the world.&nbsp; Powered by the MasterCard Worldwide Network – the fastest payment processing network in the world – MasterCard processes over 22 billion transactions each year,&nbsp; has the capacity to handle 140 million transactions per hour, with an average network response time of 140 milliseconds and with 99.99 percent reliability.&nbsp; MasterCard advances global commerce through its family of brands, including MasterCard®, Maestro®, and Cirrus®; its suite of core products such as credit, debit, and prepaid; and its innovative platforms and functionalities, such as <i>MasterCard PayPass</i>™ and <i>MasterCard inControl</i>™.&nbsp; MasterCard serves consumers, governments, and businesses in more than 210 countries and territories. For more information, please visit us at <a href="http://www.mastercard.com" target="_blank">www.mastercard.com</a>. Follow us on Twitter: @mastercardnews.</p> Contacts<p><b>Georgette Tan</b><br> MasterCard Worldwide,<br> <a target="_blank" href="mailto:georgette_tan@mastercard.com">georgette_tan@mastercard.com</a>, <br> (65) 6390-5971</p> <p><b>FangTing Zheng</b><br> Weber Shandwick Worldwide<br> <a target="_blank" href="mailto:fzheng@webershandwick.com">fzheng@webershandwick.com</a><br> (65) 6825-8031</p> This survey on Ethical Spending from MasterCard is used to examine the spending habits and motivations of consumers. The survey was conducted online from 3 September to 1 October 2010 and involved 8,500 consumers from 15 markets across Asia/Pacific, Middle East and Africa.http://www1.mastercard.com/content/intelligence/en/research/press-release/2010/mastercard-survey--consumers-continue-to-embrace-ethical-shoppin2010-12-07T16:00:00.000Z2010-12-07T16:00:00.000ZMore Consumers Shopping Online Across Asia/Pacific, Middle East and Africa’s Emerging Markets Index on Online Shopping<p>This year MasterCard has released its first Index on Online Shopping. The Index serves as a benchmark that measures consumers’ propensity to shop online, and based on the following factors and questions:</p> <ul> <li>For what purposes do you usually use the Internet?&nbsp;&nbsp;&nbsp; </li> <li>How likely is it that you will make an online purchase in the next 6 months?</li> <li>Proportion of those <u>who did not state</u>: ‘prefer to shop in-store, to look at the physical product’ as a reason for not purchasing anything online in the past 3 months. </li> <li>To what extent do you agree or disagree with each of the following statements:<br> (1) It is convenient to shop online<br> (2) I do not feel secure shopping online&nbsp;</li> </ul> <p>The scores are compiled based on the factors or questions listed above, offering a regional Index ranking of markets with consumers who are most likely to shop online. According to the scores from the 2010 MasterCard Index on Online Shopping, South Korea tops the Index rankings with a score of 63 in 2010. Japan is ranked second this year with a score of 57, followed by New Zealand (54), Australia (52) and Taiwan (51). Emerging markets have also gained ground with the U.A.E. coming in at 6<sup>th</sup> with a score of 47 then Malaysia (44), Singapore (40) and China (38). Thailand is closely on par with India with scores of 34 and 32, respectively, ahead of Hong Kong (29). Indonesia rounds the bottom three markets on the Index with a score of 17, Philippines (12) and South Africa (8).</p> Online Shopping Survey Findings <p>The most active consumers are from South Korea (85%), China (84%) and Japan (75%), according to respondents who are most likely to access the Internet for shopping. Shoppers in these markets also purchased the most items online within recent months (approximately from June to September 2010) with Chinese consumers averaging 5.6 items, up from 5.1 items in 2009. Number of purchases by consumers in South Korea &amp; Japan remained steady from 2009 with 5.9 items and 5.1 items respectively.</p> <p>“We’re seeing more people in the region go online for lifestyle purchases as well as day-to-day household items. This shift in consumer behavior really shows that today’s shoppers are diversifying not only what they buy, but how and where. This is marked by a growing trend of mobile Internet access among consumers in APMEA as they proactively seek better and more personal ways to shop online,” said Yunsok Chang, group executive, Global Products and Solutions, Asia/Pacific, Middle East &amp; Africa, MasterCard Worldwide. “In this connected world, all kinds of people are shopping online for the best deals regardless of where they live - from tech savvy youth in China to business travellers from Korea to active young professionals in India.”</p> <p>Additional highlights from the online shopping survey include:</p> <p>·&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Substantial Market Growth (Emerging):</b> According to the 2009 survey findings, consumers in the U.A.E. and Malaysia were the least likely to shop online. This year’s results reported a substantial increase among consumers accessing the Internet to shop online in both markets:</p> <p>o&nbsp;&nbsp; Malaysia is up to 55% in 2010, from 33% in 2009<br> o&nbsp;&nbsp; U.A.E. is up to 42% in 2010, from 29% in 2009</p> <p>·&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Stabilizing Market Growth (Emerging):</b> Markets like India and Thailand, which reported major spikes in online shopping from 2008 to 2009, are still registering relatively high numbers. However, there are signs of a slight decline or slowing growth among consumers in India and Thailand who access the Internet to shop online.</p> <p>o&nbsp;&nbsp; India has dipped slightly to 67% in 2010 from 72% in 2009<br> o&nbsp;&nbsp; Thailand has grown incrementally to 67% in 2010 from 63% in 2009</p> <p>·&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Slowing Market Growth (Mature): </b>Mature markets like Australia and South Korea have reported a decline while Japan is reporting minimal growth according to consumers who access the Internet to shop:</p> <p>o&nbsp;&nbsp; Australia is at 58% in 2010 from 63% in 2009<br> o&nbsp;&nbsp; South Korea has dropped to 85% in 2010 from 87% in 2009<br> o&nbsp;&nbsp; Japan is now reporting 75% from 74% in 2009&nbsp;&nbsp;</p> <p><b><i>NOTE TO EDITORS: </i></b><i>More information and previously released MasterCard survey results can be found at </i><i><u><a href="http://www.masterintelligence.com">www.masterintelligence.com</a>.<b> </b></u></i><b><i></i></b></p> MasterCard and its Suite of Research Properties<p>MasterCard puts out a series of ongoing consumer surveys and research Indices in the Asia/Pacific, Middle East and Africa. These include the MasterCard Survey on Consumer Purchasing Priorities, the MasterCard Worldwide Index of Consumer Purchasing Resilience, the MasterCard Worldwide Index of Consumer Confidence and MasterCard Worldwide Index of Women’s Advancement.</p> <p>Besides these, MasterCard also regularly releases its Insights reports; the series is part of its ongoing research and analysis of business dynamics, financial policies and regulatory activities in the Asia/Pacific, Middle East and Africa region. Over 70 Insights reports have been produced since 2004. MasterCard has also released a series of four books on Asian consumer insights, authored by its Asia/Pacific economist, Dr. Yuwa Hedrick-Wong and published by John Wiley &amp; Sons.</p> <p>The MasterCard Indexes and Insights reports are available at <a href="http://www.masterintelligence.com">www.masterintelligence.com</a></p> About MasterCard Worldwide <p>As a leading global payments company, MasterCard Worldwide prides itself on being at the heart of commerce, helping to make life easier and more efficient for everyone, everywhere.&nbsp; MasterCard serves as a franchisor, processor and advisor to the payments industry, and makes commerce happen by providing a critical economic link among financial institutions, governments, businesses, merchants, and cardholders worldwide.&nbsp; In 2009, $2.5 trillion in gross dollar volume was generated on its products by consumers around the world.&nbsp; Powered by the MasterCard Worldwide Network – the fastest payment processing network in the world – MasterCard processes over 22 billion transactions each year,&nbsp; has the capacity to handle 140 million transactions per hour, with an average network response time of 140 milliseconds and with 99.99 percent reliability.&nbsp; MasterCard advances global commerce through its family of brands, including MasterCard®, Maestro®, and Cirrus®; its suite of core products such as credit, debit, and prepaid; and its innovative platforms and functionalities, such as <i>MasterCard PayPass</i>™ and <i>MasterCard inControl</i>™.&nbsp; MasterCard serves consumers, governments, and businesses in more than 210 countries and territories. For more information, please visit us at <a href="http://www.mastercard.com" target="_blank">www.mastercard.com</a>. Follow us on Twitter: @mastercardnews.&nbsp; </p> Contacts<p>Georgette Tan,<br> MasterCard Worldwide,<br> <a href="mailto:georgette_tan@mastercard.com">georgette_tan@mastercard.com</a><br> (65) 6390-5971</p> <p>Tim Inthirakoth,<br> Weber Shandwick,<br> <a href="mailto:tim.inthirakoth@webershandwick.com">tim.inthirakoth@webershandwick.com</a><br> (65) 6825-8030</p> <p>Cindy Choo,<br> Weber Shandwick,<br> <a href="mailto:cchoo@webershandwick.com">cchoo@webershandwick.com</a><br> (65) 6825-8035</p> MasterCard’s Online Shopping Survey is an annual survey which serves as a benchmark that measures consumers’ propensity to shop online.http://www1.mastercard.com/content/intelligence/en/research/press-release/2010/more-consumers-shopping-online-across-asia-pacific--middle-east-2010-12-26T16:00:00.000Z2010-12-26T16:00:00.000Z1/3 of Shoppers Updating their Wardrobes during Major Sales: MasterCard Survey About MasterCard Worldwide <p>MasterCard Worldwide advances global commerce by providing a critical economic link among financial institutions, businesses, cardholders and merchants worldwide. &nbsp;As a franchisor, processor and advisor, MasterCard develops and markets payment solutions, processes over 22 billion transactions each year, and provides industry-leading analysis and consulting services to financial-institution customers and merchants. &nbsp;Powered by the MasterCard Worldwide Network and through its family of brands, including MasterCard®, Maestro® and Cirrus®, MasterCard serves consumers and businesses in more than 210 countries and territories. &nbsp;For more information go to <a href="http://www.mastercard.com" target="_blank">www.mastercard.com</a>. &nbsp;Follow us on Twitter:<a href="http://twitter.com/mastercardnews" target="_blank">@mastercardnews</a>.<b></b></p> Media contacts<p>Eugenia Koh,<br> Weber Shandwick,<br> +65 6825 8029,<br> <a target="_blank" href="mailto:ekoh@webershandwick.com">ekoh@webershandwick.com</a></p> <p>Vani Viswanathan,<br> Weber Shandwick,<br> +65 6825 8053, <a target="_blank" href="mailto:vviswanathan@webershandwick.com"><br> vviswanathan@webershandwick.com</a></p> MasterCard’s Online Shopping Survey is an annual survey which serves as a benchmark that measures consumers’ propensity to shop online.http://www1.mastercard.com/content/intelligence/en/research/press-release/2010/1-3-of-shoppers-updating-their-wardrobes-during-major-sales--mas2010-04-11T16:00:00.000Z2010-04-11T16:00:00.000ZConsumers across Asia/Pacific Continue to Remain Cautiously Optimistic: MasterCard Survey <p><b><i>Singapore, 01 December 2010</i></b> – Consumers continue to be optimistic in their sentiments, though cautiously so, according to the results of the latest MasterCard Worldwide Index of Consumer Confidence. Although experiencing a marginal dip from the last survey, the latest Index score for consumer confidence is the second highest across the region in the last two years.</p> <p>Now in its 18<sup>th</sup> year, the MasterCard Worldwide Index of Consumer Confidence is the region’s most comprehensive and longest running consumer confidence survey. Released twice a year, the Index is based on a survey which measures consumer confidence on prevailing expectations in the market for the next six months based on five economic indicators: Economy, Employment, Stock Market, Regular Income and Quality of Life. The Index score is calculated with zero as the most pessimistic, 100 as most optimistic and 50 as neutral.&nbsp; The latest survey was conducted from 13 September to 11 November 2010 and involved 10,502 consumers from 24 markets<a href="#_ftn1" name="_ftnref1"></a><sup>[1]</sup>. Data collection was via internet surveys, personal, telephone and Computer Aided Telephone interviews, with the questionnaire translated to the local language wherever appropriate and necessary.&nbsp; <i>The Index and its accompanying reports do not represent MasterCard financial performance.</i></p> <p>Across Asia/Pacific, which comprises 14 markets, overall consumer confidence remained modestly optimistic with an Index score of 68, marginally lower than six months ago (69.1) but higher than a year ago (66.3), when the region was beginning to recover from the effects of the global financial crisis. Among the five survey indicators, respondents seemed most optimistic about Regular Income (71.6), less so than six months ago (73.5) but more than a year ago (65.5). They were least optimistic about Quality of Life (64.7), although this is the highest score the indicator has received in over two years, indicating a gradual return to pre-crisis levels (66.7 for the survey of late 2007).</p> <p>Consumers’ perceptions about the Economy (70.6) have become marginally less positive compared to six months ago (72.6) and a year ago (71.4), but these scores above 70 are still the highest the region has seen in over five years. Similarly, the current score for the Employment indicator (67.5) is the second highest score the region has seen in the last five years. With regard to the Stock Market performance (65.8), consumers’ outlook is less positive than six months ago (68.3) and a year ago (67.5).</p> <p>“The scores indicate that while consumers may perceive the worst of the crisis as behind them, they are still wary in their outlook for the months ahead,” said Yvette Oh, group executive, Market Development, Asia/Pacific, Middle East &amp; Africa, MasterCard Worldwide. “This perception could be in large part due to the uncertainties caused by inflation, the various tightening measures that governments across the region are implementing, and the general slowdown in growth that the region is seeing post-crisis. Nevertheless, it is encouraging to see that consumer perceptions about the Economy, Employment and Quality of Life are among the most positive in recent years.”</p> <p>Respondents from Vietnam are the most optimistic (90.3) in the region, followed by those from Singapore (86.1) and the Philippines (80.1). Respondents from Japan (20.2) continue to look at the months ahead with pessimism, even more so than six months ago (27.8) and a year ago (24.4). Consumer sentiment in New Zealand, although marginally optimistic (53.3), has taken a turn for the worse after two consecutive waves of higher optimism (65.9 six months ago and 69.7 a year ago).</p> <p>Growth engines of the region China (79.4) and India (73.0) continue to remain positive in their outlook, although scores for China are lower than six months ago (83.0) and a year ago (85.3). This decrease is influenced by lower scores across all five indicators, with the Employment indicator seeing the highest drop in scores (71.2 vs. 79.8 six months ago). Scores in India, on the other hand, have risen (68.2 six months ago and 68.8 a year ago), bolstered by an increase in optimism across all five indicators measured.</p> <p>Consumer sentiment in Thailand is at its most positive (57.3) in the last four years, while in the Philippines (80.1), this is the most positive consumers have been since 1997. Filipino respondents’ outlook on their Quality of Life (80.5) and the Economy (83.6) are the highest ever scores recorded since the Philippines was included in the survey in 1995.</p> <p>Elsewhere, the MasterCard Worldwide Index of Consumer Confidence in the Middle East and Africa showed increases in scores compared to six months ago. Across the Middle East, overall consumer confidence has gone up marginally (71.6 vs. 69.2 six months ago). Respondents were most optimistic about Regular Income (83.0) and least optimistic about the Stock Market (63.2). At a market level, Saudi Arabia (95.1) and Qatar (83.6) top list in overall Consumer Confidence, with Saudi Arabia seeing the highest score in three years.</p> <p>The overall consumer confidence score across the four Africa markets surveyed increased to 79 from 73.7 six months ago, bolstered primarily by substantial increase in optimism in Nigeria (94.3 vs. 83.2 six months ago) and Kenya (87.3 vs. 73.5). Morocco (65.3), however, saw a significant drop in it consumer confidence score from six months ago (78.2), while the score for South Africa dipped to 54.7, the lowest in the market ever since it was incorporated into the survey in 2003.<br> </p> <ul> <li><b><i>More information on the Index can be found at the website <a href="http://www.masterintelligence.com">www.masterintelligence.com</a></i></b></li> </ul> <p></p> <p></p> <p><a href="#_ftnref1" name="_ftn1"></a><b><i><sup>[1]</sup></i></b><i>Asia/Pacific: Australia, China, Hong Kong, India, Indonesia, Japan, South Korea, Malaysia, New Zealand, Philippines, Singapore, Taiwan, Thailand,&nbsp; and Vietnam<br> Middle East:&nbsp; Egypt, Kuwait, Lebanon, Qatar, Saudi Arabia, United Arab Emirates<br> Africa: Kenya, Morocco, Nigeria, South Africa</i></p> <table cellspacing="0" cellpadding="1" border="1"> <tbody><tr><th class="table-description">MARKETS</th> <th class="table-description">1H 2011</th> <th class="table-description">2H 2010</th> <th class="table-description">1H 2010</th> <th class="table-description">2H 2009</th> </tr><tr><td>Australia</td> <td>63.0</td> <td>74.1</td> <td>69.5</td> <td>24.1</td> </tr><tr><td>China</td> <td>79.4</td> <td>83.0</td> <td>85.3</td> <td>60.8</td> </tr><tr><td>Hong Kong</td> <td>74.7</td> <td>76.6</td> <td>60.0</td> <td>24.7</td> </tr><tr><td>India</td> <td>73.0</td> <td>68.2</td> <td>68.8</td> <td>68.0</td> </tr><tr><td>Indonesia</td> <td>56.1</td> <td>61.4</td> <td>67.0</td> <td>49.2</td> </tr><tr><td>Japan</td> <td>20.2</td> <td>27.8</td> <td>24.4</td> <td>21.5</td> </tr><tr><td>South Korea</td> <td>55.7</td> <td>54.1</td> <td>59.8</td> <td>28.8</td> </tr><tr><td>Malaysia</td> <td>66.2</td> <td>67.9</td> <td>66.3</td> <td>27.8</td> </tr><tr><td>New Zealand</td> <td>53.3</td> <td>65.9</td> <td>69.7</td> <td>21.5</td> </tr><tr><td>Philippines</td> <td>80.1</td> <td>59.3</td> <td>49.7</td> <td>40.5</td> </tr><tr><td>Singapore</td> <td>86.1</td> <td>86.6</td> <td>79.4</td> <td>31.2</td> </tr><tr><td>Taiwan</td> <td>62.5</td> <td>65.7</td> <td>56.5</td> <td>39.4</td> </tr><tr><td>Thailand</td> <td>57.3</td> <td>50.6</td> <td>55.3</td> <td>23.0</td> </tr><tr><td>Vietnam</td> <td>90.3</td> <td>93.7</td> <td>90.0</td> <td>60.9</td> </tr><tr><td><b>Total Asia/Pacific</b></td> <td>68.0</td> <td>69.1</td> <td>66.3</td> <td>38.7</td> </tr><tr><td>Egypt</td> <td>47.7</td> <td>45.5</td> <td>59.5</td> <td>32.3</td> </tr><tr><td>Kuwait</td> <td>80.4</td> <td>96.9</td> <td>70.9</td> <td>49.5</td> </tr><tr><td>Lebanon</td> <td>54.3</td> <td>44.6</td> <td>55.4</td> <td>64.4</td> </tr><tr><td>Qatar</td> <td>83.6</td> <td>65.8</td> <td>89.2</td> <td>71.4</td> </tr><tr><td>Saudi Arabia</td> <td>95.1</td> <td>85.0</td> <td>83.2</td> <td>67.1</td> </tr><tr><td>U.A.E.</td> <td>73.6</td> <td>82.4</td> <td>86.1</td> <td>29.6</td> </tr><tr><td><b>Total Middle East</b></td> <td>71.6</td> <td>69.2</td> <td>74.5</td> <td>49.9</td> </tr><tr><td>Kenya</td> <td>87.3</td> <td>73.5</td> <td>47.9</td> <td>-</td> </tr><tr><td>Morocco</td> <td>65.3</td> <td>78.2</td> <td>66.1</td> <td>-</td> </tr><tr><td>Nigeria</td> <td>94.3</td> <td>83.2</td> <td>89.4</td> <td>-</td> </tr><tr><td>South Africa</td> <td>54.7</td> <td>58.6</td> <td>59.8</td> <td>67.3</td> </tr><tr><td><b>Total Africa</b></td> <td>79.0</td> <td>73.7</td> <td>66.4</td> <td>-</td> </tr></tbody></table> <p><i>&nbsp;</i></p> <p></p> <p></p> About the MasterCard Worldwide Index™ of Consumer Confidence<p>The MasterCard Worldwide Index™ of Consumer Confidence survey has an 18-year track record of consumer confidence indices collected from over 200,000 interviews, unequalled both in scope and history across Asia/Pacific.</p> <p>The MasterCard Worldwide Index of Consumer Confidence is the most comprehensive and longest running survey of its kind in the region.&nbsp; In June 1997, the Index revealed a decline in consumer confidence – one month prior to the devaluation of the Thai baht that triggered the regional economic crisis. In June 2003, the Index score for Employment in Hong Kong dropped to a low of 20.0. This was subsequently reflected in Hong Kong’s unemployment rate, which peaked just before September 2003 at eight percent.</p> <p>The survey comprising the Asia/Pacific markets began in the first half of 1993 and has been conducted twice yearly since. Markets from the Middle East and Africa were included in the Index from 2004. Twenty-four markets now participate in the survey: Australia, China, Egypt, Hong Kong, India, Indonesia, Japan, Kenya, Kuwait, Lebanon, Malaysia, Morocco, New Zealand, Nigeria, Philippines, Qatar, Saudi Arabia, South Korea, South Africa, Singapore, Taiwan, Thailand, United Arab Emirates and Vietnam. The last MasterCard Worldwide Index of Consumer Confidence survey was conducted from 13 September to 11 November 2010. A total of 10,502 qualified respondents were surveyed in the 24 markets with the sample being representative of the middle and upper income groups in each market.&nbsp; In each market except China and India, 400 or more people were surveyed.&nbsp; A minimum sample size of 800 was collected from China and India.</p> <p>The Index is calculated based with zero as the most pessimistic, 100 as most optimistic and 50 as neutral.&nbsp; Five economic factors are measured: Employment, the Economy, Regular Income, Stock Market and Quality of Life. The responses are consumers' thoughts on the six months ahead. Data collection was via internet surveys, personal, telephone and Computer Aided Telephone interviews, with the questionnaire translated to the local language wherever appropriate and necessary.&nbsp; The survey has a margin of sampling error of plus or minus four percentage points at the 90 percent confidence level, except China and India where because of the larger sample, the margin of sampling error is plus or minus three percentage points.</p> MasterCard and its Suite of Research Properties<p>The MasterCard Worldwide Index suite of research products in Asia/Pacific, Middle East and Africa includes the flagship MasterCard Worldwide Index of Consumer Confidence, and the MasterCard Worldwide Index of Consumer Purchasing Resilience, both of which are released six monthly, and the MasterCard Worldwide Index of Women’s Advancement and the MasterCard Worldwide Index of Online Shopping, which are released annually. In addition to the Index properties, MasterCard’s suite of research properties includes the MasterCard Worldwide Survey on Consumer Purchasing Priorities, released six monthly, and the MasterCard Worldwide Survey on Ethical Spending Behavior, released annually.</p> <p>Besides these, MasterCard also regularly releases Insights reports; the series represents in part its ongoing research and analysis of business dynamics, financial policies and regulatory activities in the Asia/Pacific, Middle East and Africa region. Over 70 Insights reports have been produced since 2004. MasterCard has also released a series of four books on Asian consumer insights, authored by its Asia/Pacific economist, Dr. Yuwa Hedrick-Wong and published by John Wiley &amp; Sons.</p> <p>The MasterCard Indexes and Insights reports are available at <a href="http://www.masterintelligence.com/">www.masterintelligence.com</a></p> About MasterCard Worldwide <p>As a leading global payments company, MasterCard Worldwide prides itself on being at the heart of commerce, helping to make life easier and more efficient for everyone, everywhere.&nbsp; MasterCard serves as a franchisor, processor and advisor to the payments industry, and makes commerce happen by providing a critical economic link among financial institutions, governments, businesses, merchants, and cardholders worldwide.&nbsp; In 2009, $2.5 trillion in gross dollar volume was generated on its products by consumers around the world.&nbsp; Powered by the MasterCard Worldwide Network – the fastest payment processing network in the world – MasterCard processes over 22 billion transactions each year,&nbsp; has the capacity to handle 140 million transactions per hour, with an average network response time of 140 milliseconds and with 99.99 percent reliability.&nbsp; MasterCard advances global commerce through its family of brands, including MasterCard®, Maestro®, and Cirrus®; its suite of core products such as credit, debit, and prepaid; and its innovative platforms and functionalities, such as <i>MasterCard PayPass</i>™ and <i>MasterCard inControl</i>™.&nbsp; MasterCard serves consumers, governments, and businesses in more than 210 countries and territories. For more information, please visit us at www.mastercard.com. Follow us on Twitter: @mastercardnews.&nbsp; </p> Contact<p>Georgette Tan,<br> MasterCard Worldwide,<br> +65 6390 5971, <a target="_blank" href="mailto:georgette_tan@mastercard.com"><br> georgette_tan@mastercard.com</a></p> <p>Cindy Choo,<br> Weber Shandwick,<br> +65 6825 8035, <br> <a target="_blank" href="mailto:cchoo@webershandwick.com">cchoo@webershandwick.com</a>&nbsp; </p> MASTERCARD WORLDWIDE INDEX OF CONSUMER CONFIDENCE 1H 2011 MARKET FINDINGS <p><b><u>ASIA/PACIFIC MARKETS</u></b></p> <p><b>AUSTRALIA (63.0)</b><br> Australians have become less optimistic about the next six months compared to six months ago (74.1) as well as a year ago (69.5).</p> <p>Consumer sentiments for all indicators – Quality of Life (45.8 vs. 55.8 six months ago), Stock Market (65.4 vs. 82.1), Regular Income (66.4 vs. 77.3), Economy (66.7 vs. 76.9) and Employment (70.7 vs. 78.2) have declined significantly from six months ago.</p> <p><b>CHINA (79.4)</b><br> Consumer in China are slightly less optimistic than they were six months ago (83.0) but significantly more optimistic than the Asia/Pacific region average of 68.0.</p> <p>Consumer sentiments are less positive than they were six months ago towards Quality of Life (88.4 vs. 89.2 six months ago), Stock Market (65.5 vs. 67.9), Regular Income (85.1 vs. 88.0), Economy (86.8 vs. 90.3) and Employment (71.2 vs. 79.8).&nbsp; Although consumers are less optimistic, the Index scores are considerably higher than those recorded in the first half of 2009 during the global economic slowdown.</p> <p><b>HONG KONG (74.7)</b><br> Consumers in Hong Kong have become slightly less optimistic in their outlook for the next six months (74.7 vs. 76.6 six months ago). However, they continue to remain more optimistic than a year ago (60.0).</p> <p>Consumers are more optimistic than they were six months ago about the Regular Income (83.2 vs. 75.0 six months ago), the highest score recorded since 4H 2008. Conversely, the index scores for other indicators have dwindled when compared to six month ago –&nbsp; Quality of Life (57.7 vs. 61.7), Stock Market (74.1 vs. 79.2), Economy (77.9 vs. 83.8) and Employment (80.4 vs. 83.3).</p> <p><b>INDIA (73.0)</b><br> Consumer confidence in India has increased, with consumers becoming more positive in their outlook than six months ago (68.2) and a year ago (68.8). The latest survey result records the country’s highest Index score since the global economic downturn in the last quarter of 2008.</p> <p>Consumers are more optimistic than they were six months ago about the Quality of Life (71.3 vs. 67.3 six months ago), Stock Market (75.1 vs. 70.2), Regular Income (75.4 vs. 74.0), Economy (72.2 vs. 64.5) and Employment (70.8 vs. 65.0).</p> <p><b>INDONESIA (56.1)</b><br> Indonesian consumers have become less optimistic about the next six months compared to six months ago (61.4) and a year ago (67.0).</p> <p>The drop in the Index score is attributed by the less positivity displayed by the consumers in their outlook towards Quality of Life (51.9 vs. 59.7 six months ago), Stock Market (62.7 vs. 68.4), Economy (46.0 vs. 56.6) and Employment (41.3 vs. 49.0). Consumer confidence for Regular Income on the other hand, has increased from 73.5 six months ago to 78.8 for the next six months.&nbsp; Nevertheless, the scores are noticeably higher than those tabulated in 4H 2008 for Employment (41.3 vs. 24.5 4H 2008), Economy (46.0 vs. 22.6), Stock Market (62.7 vs. 37.4) and Quality of Life (51.9 vs. 27.5), except for the slight decrease in Regular Income (78.8 vs. 79.7).</p> <p><b>JAPAN (20.2)</b><br> Consumer confidence in Japan has taken a dip as compared to six months ago (27.8). The country’s index score remains significantly lower than the Asia/Pacific region average Index score (68.0), and is the lowest score recorded in the past one year.</p> <p>Consumer sentiments towards the Stock Market (29.2 vs. 44.1 six months ago), Regular Income (16.3 vs. 17.4), Economy (20.6 vs. 37.0) and Employment (21.8 vs. 29.7) have declined from six months ago. Consumers are slightly more optimistic about the Quality of Life (13.0 vs. 11.0).</p> <p><b>KOREA (55.7)</b><br> Korean consumers have become slightly more optimistic in their outlook compared to six months ago (54.1) but are less positive than a year ago (59.8).</p> <p>Consumer are more optimistic than they were six months ago about the Quality of Life (48.6 vs. 44.9 six months ago), Regular Income (61.3 vs. 59.7), Employment (52.1 vs. 44.3). Consumer sentiment about the Stock Market (62.7 vs. 63.5 six months ago) and Economy (53.8 vs. 58.2) have become less positive than six months ago.</p> <p><b>MALAYSIA (66.2)</b><br> Consumer confidence in Malaysia for the next six months has slightly edged down compared to six months ago (66.2 vs. 67.9 six months ago). Despite the minute decrease, the country’s outlook for the next six months is significantly higher than the Index score recorded for the first half of 2009 (27.8).</p> <p>Consumer are less optimistic than they were six months ago about the Stock Market (66.2 vs 68.6 six months ago), Regular Income (62.9 vs.71.7) and Economy (66.2 vs. 69.6). With regard to the current score for Employment, consumers in Malaysia are marginally positive in their outlook than they were six months ago (65.9 vs. 64.8). Similarly, Malaysians are becoming more optimistic about the Quality of Life for the next six months (70.0) than six months ago (64.7).</p> <p><b>NEW ZEALAND (53.3)</b><br> Consumer confidence in New Zealand continues to drop from one year ago (69.7) and six months ago (65.9). Nonetheless, consumers in New Zealand are found to be more positive than they were in the first half of 2009.</p> <p>Consumers are substantially less optimistic in all five economic indicators than they were six months ago about the Quality of Life (38.8 vs. 48.0 six months ago), Stock Market (53.8 vs. 65.9), Regular Income (66.9 vs. 71.3), Economy (53.1 vs. 70.2) and Employment (53.8 vs. 74.1).</p> <p><b>PHILIPPINES (80.1)</b><br> Consumer confidence in the Philippines has jumped to 80.1 from 59.3 six months ago, the highest score recorded since the global economic crisis in 1997 (42.0, 4H 1997).</p> <p>The surge in the latest Consumer Confidence Index score is also reflected in the optimism reflected in Filipinos’ outlook on their Quality of Life (80.5 vs. 50.2 six months ago), Stock Market (75.0 vs. 50.0), Economy (83.6 vs. 58.0) and Employment (80.0 vs. 53.7). On the contrary, consumer sentiment toward Regular Income for the next six months slide marginally compared to six months ago (81.5 vs. 84.6).</p> <p><b>SINGAPORE (86.1)</b><br> Consumer sentiment in Singapore has become marginally less positive about the next six months than six months ago (86.1 vs. 86.6 six months ago), although respondents still remain strongly optimistic.</p> <p>Perceptions of Singaporeans have become slightly more positive about their Quality of life (77.7 vs. 75.8 six months ago) and Regular Income (86.2 vs. 84.3). Regarding the other three economic indicators, consumers are marginally less optimistic about the next six months than they were six months ago – Stock Market (82.5 vs. 83.2 six months ago), Economy (92.5 vs. 95.5) and Employment (91.5 vs. 94.0).</p> <p><b>TAIWAN (62.5)</b><br> Taiwanese are less optimistic about the next six months compared to six months ago (65.7), but are more optimistic than one year ago (56.5).</p> <p>While consumers perceptions are more optimistic towards the Quality of Life (57.6 vs. 49.2 six months ago) for the next six months, their confidence for Economy (65.3 vs. 73.5), Stock Market (65.4 vs. 69.6), Regular Income (61.9 vs. 64.3) and Employment (62.4 vs. 72.1) become more pessimistic than six months ago.</p> <p><b>THAILAND (57.3)</b><br> Consumer sentiment in Thailand has become more positive than six months ago (50.6), and a year ago (55.3), achieving its most positive score (57.3) in the last four years.</p> <p>Consumers responded with more positivity for the next six months towards their outlook for Quality of Life (48.4 vs. 36.7 six months ago), Stock Market (58.3 vs. 51.8), Economy (64.4 vs. 52.3) and Employment (56.7 vs. 49.5) compared to the last six months. Thai consumers are less optimistic about Regular Income for the next six months than they were six months ago (58.6 vs. 62.7).</p> <p><b>VIETNAM (90.3)</b><br> Although consumers are slightly less optimistic in their outlook for the next six months (90.3) than six months ago (93.7), they remain as the most positive consumers in the region.</p> <p>Consumer confidence in Thailand for Quality of Life (93.8 vs. 95.7 six months ago), Stock Market (81.7 vs. 83.6), Economy (88.4 vs. 96.2) and Employment (91.1 vs. 97.0) have decreased compared to six months ago. Regarding Regular income, Vietnamese consumers are slightly more optimistic the six months ahead than they were six months ago (96.3 vs. 96.0).</p> <p>&nbsp;</p> <p><b><u>MIDDLE EAST MARKETS</u></b></p> <p><b>EGYPT (47.7)</b><br> Consumers in Egypt are marginally more optimistic about the next six months ahead compared to six months ago (45.5), however less optimistic than they were one year ago (59.5). Their latest consumer confidence Index score is the lowest amongst the six countries in Middle East.</p> <p>Consumers are becoming more positive than they were six months ago about the Regular Income (83.7 vs. 65.3). Despite this, consumers are less optimistic in their outlook towards Quality of Life (38.7 vs. 39.0 six months ago), Stock Market (37.2 vs. 39.8), Economy (39.7 vs. 41.9) and Employment (38.9 vs. 41.5) six months ahead.</p> <p><b>KUWAIT (80.4)</b><br> Kuwaitis are less optimistic in their outlook for the next six months, compared to six months ago (96.9), but they remain more optimistic than they were a year ago (70.9).</p> <p>Consumer sentiments towards the Quality of Life (86.4 vs. 97.3 six months ago), Stock Market (67.8 vs. 94.8), Regular Income (81.9 vs. 98.9), Economy (82.7 vs. 97.5) and Employment (83.2 vs. 96.2) for the next six months have decreased significantly compared to six months ago.</p> <p><b>LEBANON (54.3)</b><br> Consumers sentiment in Lebanon has swung back to positive sentiment (54.3) from 44.6 six months ago, at a level similar to where it was a year ago (55.4).</p> <p>Consumer sentiments for the next six months towards Quality of Life (45.8 vs. 43.6 six months ago), Stock Market (60.6 vs. 45.4), Regular Income (79.2 vs. 49.8) and Employment (53.6 vs. 41.8) have become more positive compared to six months ago, except Economy which has dropped from six months ago (32.1 vs. 42.6).</p> <p><b>QATAR (83.6)</b><br> Consumer confidence in Qatar has increased notably compared to six months ago (65.8), though not as optimistic as they were one year ago (89.2). Despite this, the significant spike in confidence could indicate a rebound in the economy.</p> <p>Consumer confidence for all five indicators for the next six months, Quality of Life (89.6 vs. 57.5 six months ago), Stock Market (60.9 vs. 49.6), Regular Income (86.4 vs. 47.1) and Employment (92.1 vs. 85.5), have all increased significantly compared to six months ago. Consumer sentiment towards the Economy has edged down from six months ago (89.1 vs. 89.3).</p> <p><b>SAUDI ARABIA (95.1)</b><br> Saudi Arabians are becoming more positive in their outlook for the next six months than they were six months ago (85.0), and a year ago (83.2). Further, the overall consumer confidence Index is the highest score the country scores in the last three years as well as the highest score among all the 24 markets surveyed.</p> <p>Consumer perception across all five economic indicators for the next six months has increased significantly compared to six months ago – Quality of Life&nbsp; (97.6 vs. 86.0 six months ago), Stock Market (83.4 vs. 66.7), Regular Income (96.8 vs. 93.3), Economy (98.5 vs. 86.9) and&nbsp; Employment (99.2&nbsp; vs. 92.2).</p> <p><b>UNITED ARAB EMIRATES (73.6)</b><br> Consumers in the United Arab Emirates are less confident about the next six months than they were six months ago (82.4) and a year ago (86.1). Despite the decrease in the Index score, consumers remain more optimistic than they were in the first half of 2009 (29.6).</p> <p>Consumer sentiment is becoming less positive about the next six months towards Quality of Life (77.0 vs. 87.5 six months ago), Regular Income (69.8 vs. 86.8), Economy (76.0 vs. 83.0) and Employment (71.9 vs. 82.4).&nbsp; Regarding the Stock Market, consumers in United Arab Emirates are more confident about the next six months compared to six months ago (73.0 vs. 72.6).</p> <p>&nbsp;</p> <p><b><u>AFRICAN MARKETS</u></b></p> <p><b>KENYA (87.3)</b><br> Kenyans are more confident about the next six months compared to six months ago (73.5), and a year ago (47.9) recording the highest score of the country since it is included in the survey.</p> <p>Consumer perception for the next six months about the Quality of Life (85.7 vs. 67.0 six months ago), Stock Market (89.5 vs. 73.9), Economy (89.3 vs. 72.6) and Employment (83.7 vs. 65.6) are significantly more positive than six months ago. The Index score for Regular Income for the next six months remains the same as six months ago at 88.5.</p> <p><b>MOROCCO (65.3)</b><br> Moroccans are notably less optimistic about the next six months compared to six months ago (78.2).</p> <p>Consumers in Morocco hold a less positive outlook for the next six months about Quality of Life (64.4 vs. 72.9 six months ago), Stock Market (55.0 vs. 71.9), Regular Income (81.3 vs. 90.9), Economy (64.8 vs. 78.3) and Employment (61.3 vs. 77.2) than six months ago.</p> <p><b>NIGERIA (94.3)</b><br> Consumer confidence in Nigeria posts a steady increase from 83.2 six months ago, and 89.4 a year ago.</p> <p>Consumer sentiment about the five economic indicators six months ahead have become more positive than six months ago – Quality of Life (99.2 vs. 85.0), Stock Market (80.8 vs. 74.4), Regular Income (98.4 vs. 95.6), Economy (97.3 vs. 79.4) and Employment (95.7 vs. 81.7).</p> <p><b>SOUTH AFRICA (54.7)</b><br> South Africans are more pessimistic in their outlook for the next six months compared to six months ago (58.6) and one year ago (59.8).</p> <p>Four out five economic indicators have reflected a less positive perception of the consumers for the next six months than six months ago – Quality of Life (54.7 vs. 55.8 six months ago), Stock Market (49.4 vs. 55.2), Economy (51.8 vs. 60.4) and Employment (48.6 vs. 53.2). Consumer sentiment about the Regular Income six months ahead is slightly more positive than six months ago (69.2 vs. 68.3).</p> Launched in 1993, the MasterCard Index of Consumer Confidence has proven to be an excellent barometer of general consumer pulse in Asia/Pacific. The twice annual survey analyzes prevailing consumer perceptions of economic conditions for the next six-months.http://www1.mastercard.com/content/intelligence/en/research/press-release/2010/consumers-across-asia-pacific-continue-to-remain-cautiously-opti2010-11-30T16:00:00.000Z2010-11-30T16:00:00.000Z1 in 4 across Asia/Pacific Looking to Hop on a Plane for a Getaway: MasterCard Survey MasterCard and its Suite of Research Properties<p>The MasterCard Worldwide Index suite of research products in Asia/Pacific, Middle East and Africa includes the flagship MasterCard Worldwide Index of Consumer Confidence, and the MasterCard Wo<b>r</b>ldwide Index of Consumer Purchasing Resilience, both of which are released six monthly, and MasterCard Worldwide Index of Women’s Advancement, which is released annually.</p> <p>Besides these, MasterCard also regularly releases Insights reports; the series represents in part its ongoing research and analysis of business dynamics, financial policies and regulatory activities in the Asia/Pacific, Middle East and Africa region. Over 70 Insights reports have been produced since 2004. MasterCard has also released a series of four books on Asian consumer insights, authored by its Asia/Pacific economist, Dr. Yuwa Hedrick-Wong and published by John Wiley &amp; Sons.</p> <p>The MasterCard Indexes and Insights reports are available at <u><a href="www.masterintelligence.com">www.masterintelligence.com</a></u></p> <p></p> About MasterCard Worldwide<p>As a leading global payments company, MasterCard Worldwide prides itself on being at the heart of commerce, helping to make life easier and more efficient for everyone, everywhere.&nbsp; MasterCard serves as a franchisor, processor and advisor to the payments industry, and makes commerce happen by providing a critical economic link among financial institutions, governments, businesses, merchants, and cardholders worldwide.&nbsp; In 2009, $2.5 trillion in gross dollar volume was generated on its products by consumers around the world.&nbsp; Powered by the MasterCard Worldwide Network – the fastest payment processing network in the world – MasterCard processes over 22 billion transactions each year,&nbsp; has the capacity to handle 140 million transactions per hour, with an average network response time of 140 milliseconds and with 99.99 percent reliability.&nbsp; MasterCard advances global commerce through its family of brands, including MasterCard®, Maestro®, and Cirrus®; its suite of core products such as credit, debit, and prepaid; and its innovative platforms and functionalities, such as <i>MasterCard PayPass</i>™ and <i>MasterCard inControl</i>™.&nbsp; MasterCard serves consumers, governments, and businesses in more than 210 countries and territories. For more information, please visit us at www.mastercard.com. Follow us on Twitter: @mastercardnews.&nbsp;</p> Contacts<p>Vani Viswanathan,<br> +65 6825 8053,<br> <a href="mailto:vviswanathan@webershandwick.com">vviswanathan@webershandwick.com</a>&nbsp;&nbsp;</p> <p>Vasundhara Subrahmanian,<br> +65 6825 8054,<br> <a href="mailto:vsubrahmanian@webershandwick.com">vsubrahmanian@webershandwick.com</a></p> <p></p> The MasterCard Survey on Consumer Purchasing Priorities – Travel provides valuable insights into the Asia/Pacific consumers’ travel preferences and habits. The survey was conducted from 13 September to 11 November 2010 and involved 10,502 consumers from 24 markets across Asia/Pacific, Middle East and Africa.http://www1.mastercard.com/content/intelligence/en/research/press-release/2010/1-in-4-across-asia-pacific-looking-to-hop-on-a-plane-for-a-getaw2010-11-23T16:00:00.000Z2010-11-23T16:00:00.000ZOptimistic Outlook Holds Steady Amongst Respondents in Asia/Pacific Region: MasterCard About the MasterCard Worldwide Index™ of Consumer Confidence<p>The MasterCard Worldwide Index™ of Consumer Confidence survey has a 17-year track record of consumer confidence indices collected from over 200,000 interviews, unequalled both in scope and history across Asia/Pacific.</p> <p>The MasterCard Worldwide Index of Consumer Confidence is the most comprehensive and longest running survey of its kind in the region. &nbsp;In June 1997, the Index revealed a decline in consumer confidence – one month prior to the devaluation of the Thai baht that triggered the regional economic crisis. In June 2003, the Index score for Employment in Hong Kong dropped to a low of 20.0. This was subsequently reflected in Hong Kong’s unemployment rate, which peaked just before September 2003 at eight percent.</p> <p>The survey comprising the Asia/Pacific markets began in the first half of 1993 and has been conducted twice yearly since. Markets from the Middle East and Africa were included in the Index from 2004. Twenty-four markets now participate in the survey: Australia, China, Egypt, Hong Kong, India, Indonesia, Japan, Kenya, Kuwait, Lebanon, Malaysia, Morocco, New Zealand, Nigeria, Philippines, Qatar, Saudi Arabia, South Korea, South Africa, Singapore, Taiwan, Thailand, United Arab Emirates and Vietnam. The last MasterCard Worldwide Index of Consumer Confidence survey was conducted from 15 March to 12 April 2010. A total of 10,503 qualified respondents were surveyed in the 24 markets with the sample being representative of the middle and upper income groups in each market.&nbsp; In each market except China and India, 400 or more people were surveyed.&nbsp; A minimum sample size of 800 was collected from China and India.</p> <p>The Index is calculated based with zero as the most pessimistic, 100 as most optimistic and 50 as neutral.&nbsp; Five economic factors are measured: Employment, the Economy, Regular Income, Stock Market and Quality of Life. The responses are consumers' thoughts on the six months ahead. Data collection was via personal, telephone and Computer Aided Telephone interviews with the questionnaire translated to the local language wherever appropriate and necessary. The survey has a margin of sampling error of plus or minus four percentage points at the 90 percent confidence level, except China and India where because of the larger sample, the margin of sampling error is plus or minus three percentage points.</p> MasterCard and its Suite of Research Properties <p>The MasterCard Worldwide Index suite of research products in Asia/Pacific, Middle East and Africa includes the flagship MasterCard Worldwide Index of Consumer Confidence, and the MasterCard Worldwide Index of Consumer Purchasing Resilience, both of which are released six monthly, and MasterCard Worldwide Index of Women’s Advancement, which is released annually.</p> <p>Besides these, MasterCard also regularly releases Insights reports; the series represents in part its ongoing research and analysis of business dynamics, financial policies and regulatory activities in the Asia/Pacific, Middle East and Africa region. Over 70 Insights reports have been produced since 2004. MasterCard has also released a series of four books on Asian consumer insights, authored by its Asia/Pacific economist, Dr. Yuwa Hedrick-Wong and published by John Wiley &amp; Sons.</p> <p>The MasterCard Indexes and Insights reports are available at <a href="http://www.masterintelligence.com/">www.masterintelligence.com</a></p> About MasterCard Worldwide<p>MasterCard Worldwide advances global commerce by providing a critical economic link among financial institutions, businesses, cardholders and merchants worldwide. &nbsp;As a franchisor, processor and advisor, MasterCard develops and markets payment solutions, processes over 22 billion transactions each year, and provides industry-leading analysis and consulting services to financial-institution customers and merchants. &nbsp;Powered by the MasterCard Worldwide Network and through its family of brands, including MasterCard®, Maestro® and Cirrus®, MasterCard serves consumers and businesses in more than 210 countries and territories. &nbsp;For more information go to <a href="http://www.mastercard.com/">www.mastercard.com</a>. &nbsp;Follow us on Twitter:<a href="http://twitter.com/mastercardnews">@mastercardnews</a>.</p> Contact<p>Dhania Nair,<br> <u>dnair@webershandwick.com</u>,<br> 65 6825 8035</p> <p>Eugenia Koh,<br> <u>ekoh@webershandwick.com</u>,<br> 65 6825 8029</p> MASTERCARD WORLDWIDE INDEX OF CONSUMER CONFIDENCE 2H 2010 MARKET FINDINGS: <p><b><u>ASIA/PACIFIC MARKETS</u></b></p> <p><b>AUSTRALIA (74.1)</b></p> <p>Australians are optimistic in their outlook for the next six months. Their Index score is higher than that of six months ago (69.5) and much higher than a year ago (24.1).</p> <p>Consumers are more optimistic than they were six months ago about the Stock Market (82.1 vs. 79.9 six months ago), Regular Income (77.3 vs. 68.0) and Employment (78.2 vs. 65.2). Outlook on the other indicators have declined from six months ago: Quality of Life (55.8 vs 56.2) and the Economy (76.9 vs 78.3).</p> <p><b>CHINA (83.0)</b></p> <p>Consumers in China are slightly less optimistic about the next six months than they were six months ago (85.3) but more optimistic than a year ago (60.8). However, this is significantly higher than the Asia/Pacific region average (69.1).</p> <p>Consumers are more optimistic than they were six months ago about Regular Income (88.0 vs. 87.5). However, the outlook on the other indicators have declined from six months ago: Quality of Life (89.2 vs 92.4), the Stock Market (67.9 vs. 74.2), the Economy (90.3 vs 92.5).The outlook on Employment remained the same as six months ago, at 79.8.</p> <p><b>HONG KONG (76.6)</b></p> <p>Consumers in Hong Kong have become much more optimistic, registering a hike in consumer confidence scores from six months ago (60.0) and a year ago (24.7).</p> <p>Consumer sentiment is optimistic for the Economy (83.8 vs 68.3 six months ago), Employment (83.3 vs 67.4), the Stock Market (79.2 vs 63.2), Regular Income (75.0 vs 53.2) and Quality of Life (61.7 vs 48.0).</p> <p><b>INDIA (68.2)</b></p> <p>Consumers in India are slightly less optimistic than six months ago (68.8) and slightly more optimistic than a year ago (68.0).</p> <p>Consumers are more optimistic than they were six months ago about the Stock Market (70.2 vs. 70.0) and Regular Income (74.0 vs 70.5). However, the outlook on the other indicators has declined slightly from six months ago: Quality of Life (67.3 vs 69.8), the Economy (64.5 vs 66.7) and Employment (65.0 vs 66.9).</p> <p><b>INDONESIA (61.4)</b></p> <p>Indonesian consumers have become less optimistic about the next six months compared to six months ago (67.0) but are more optimistic than a year ago (49.2).</p> <p>Consumers are more optimistic than they were six months ago about the Stock Market (68.4 vs. 64.4). However, the outlook on the other indicators has declined from six months ago: Quality of Life (59.7 vs. 61.7), Regular Income (73.5 vs. 74.3), Economy (56.6 vs 69.9) and Employment (49.0 vs. 64.4).</p> <p><b>JAPAN (27.8)</b></p> <p>Japanese consumers are less pessimistic than they were six months ago (27.8 vs. 24.4). However, their index score continued to be significantly lower than the Asia/Pacific region average (69.1).</p> <p>Consumer sentiments towards the Stock Market (44.1 vs. 36.6), Regular Income (17.4 vs. 13.5), Economy (37.0 vs. 34.2) and Employment (29.7 vs 23.6) have improved from six months ago. Consumers are less optimistic about the Quality of Life (11.0 vs. 14.3).</p> <p><b>KOREA (54.1)</b></p> <p>Korean consumers have become less optimistic in their outlook compared to six months ago (59.8) but are much more optimistic than a year ago (28.8).</p> <p>Consumer are less optimistic than they were six months ago about the Quality of Life (44.9 vs. 52.2), Stock Market (63.5 vs. 64.0), Regular Income (59.7 vs. 70.5), Economy (58.2 vs 63.5) and Employment (44.3 vs 48.6).</p> <p><b>MALAYSIA (67.9)</b></p> <p>Malaysians are more optimistic in their outlook for the next six months. Their Index score is slightly higher than that of six months ago (66.3) and much higher than a year ago (27.8).</p> <p>Consumer sentiments towards the Stock Market (68.6 vs. 64.9) and Regular Income (71.7 vs. 63.5) have improved from six months ago. Consumers are less optimistic about the Quality of Life (64.7 vs. 66.0), Economy (69.6 vs. 70.0) and Employment (64.8 vs. 67.0).</p> <p><b>NEW ZEALAND (65.9)</b></p> <p>Consumer confidence in New Zealand has decreased, with consumers becoming less optimistic in their outlook compared to six months ago (69.7). However, they continue to remain much more optimistic than a year ago (21.5).</p> <p>Consumer sentiments towards Regular Income (71.3 vs. 66.7) and Employment (74.1 vs. 72.6) have improved from six months ago. Consumers are less optimistic about the Quality of Life (48.0 vs 51.1), the Stock Market (65.9 vs 76.6) and the Economy (70.2 vs 81.4).</p> <p><b>PHILIPPINES (59.3)</b></p> <p>Consumer confidence in the Philippines has improved from six months ago (49.7) and a year ago (40.5).</p> <p>Consumers have become more optimistic in their outlook towards Regular Income (84.6 vs. 69.9 six months ago), the Stock Market (50.0 vs. 47.3), the Economy (58.0 vs. 46.4), Employment (53.7 vs. 43.4) and Quality of Life (50.2 vs. 41.8).</p> <p><b>SINGAPORE (86.6)</b></p> <p>Singaporean consumers have become more optimistic compared to six months ago (79.4) and a year ago (31.2).</p> <p>Consumers are optimistic with improvements in all five indicators compared to six months ago. They are more optimistic in their outlook towards the Economy (95.5 vs. 89.7), Employment (94.0 vs. 86.5), the Stock Market (83.2 vs. 80.6), Quality of Life (75.8 vs. 72.7) and Regular Income (84.3 vs. 67.5).</p> <p><b>TAIWAN (65.7)</b></p> <p>Taiwanese consumers have become less pessimistic compared to six months ago (56.5) and a year ago (39.4).</p> <p>Consumer sentiments have become more optimistic in almost all indicators compared to six months ago: Economy (73.5 vs. 60.5), Employment (72.1 vs. 57.0), Regular Income (64.3 vs. 47.2) and Quality of Life (49.2 vs. 43.1). They are, however, more pessimistic about the Stock Market (69.6 vs. 74.7).</p> <p><b>THAILAND (50.6)</b></p> <p>Thai consumers have become more pessimistic compared to the last six months (55.3), but still more optimistic than a year ago (23.0).</p> <p>Sentiments towards the Economy (52.3 vs. 61.9), Stock Market (51.8 vs. 59.8), Employment (49.5 vs. 56.1) and Quality of Life (36.7 vs. 47.6) have worsened from six months ago, except for Regular Income (62.7 vs. 51.2), which has become more positive.</p> <p><b>VIETNAM (93.7)</b></p> <p>The Index score for Vietnam is slightly higher than six months ago (90.0) and significantly so one year ago (60.9). They are the most optimistic across all markets in the Asia/Pacific region.</p> <p>Consumers have become more optimistic across all five indicators compared to six months ago: Quality of Life (95.7 vs. 92.5), Economy (96.2 vs. 92.3), Regular Income (96.0 vs. 91.9), Employment (97.0 vs. 91.3) and the Stock Market (83.6 vs. 82.1).</p> <p><b><u>MIDDLE EAST MARKETS</u></b></p> <p><b>EGYPT (45.5)</b></p> <p>Consumers in Egypt have become more pessimistic compared to the last six months (59.5) but are still more optimistic than a year ago (32.3).</p> <p>Consumer confidence in Egypt has worsened across all economic indicators in terms of outlook towards Regular Income (65.3 vs. 78.1 six months ago), Economy (41.9 vs. 58.1), Quality of Life (39.0 vs. 56.4), the Stock Market (39.8 vs. 54.5) and Employment (41.5 vs. 50.6).</p> <p><b>KUWAIT (96.9)</b></p> <p>Consumers in Kuwait have become much more optimistic, with a significant increase in consumer confidence scores from six months ago (70.9) and a year ago (49.5).</p> <p>Consumers have become much more optimistic compared with six months ago in the areas of Regular Income (98.9 vs. 82.0), the Stock Market (94.8 vs. 71.2), Employment (96.2 vs. 71.0), Economy (97.5 vs. 69.4) and Quality of Life (97.3 vs. 61.0).</p> <p><b>LEBANON (44.6)</b></p> <p>Lebanese consumers have become increasingly pessimistic compared to six months ago (55.4) and a year ago (64.4).</p> <p>Consumers are more pessimistic in their outlook towards Quality of Life (43.6 vs. 57.5 six months ago), the Stock Market (45.4 vs. 56.5), Regular Income (49.8 vs. 54.7), Economy (42.6 vs. 54.5) and Employment (41.8 vs. 54.0).</p> <p><b>QATAR (65.8)</b></p> <p>Consumers in Qatar have become much less optimistic than six months ago (89.2) and a year ago (71.4).</p> <p>Compared to six months ago, consumer confidence has improved slightly only towards Employment (85.5 vs. 85.2). On the other hand, consumers are much more pessimistic about the Quality of Life (57.5 vs. 91.8), the Stock Market (49.6 vs. 86.3), Regular Income (47.1 vs. 91.8) and the Economy (89.3 vs. 90.8),</p> <p><b>SAUDI ARABIA (85.0)</b></p> <p>Saudi Arabia’s Index score has increased from six months ago (83.2) and a year ago (67.1).</p> <p>Consumer confidence in the areas of Regular Income (93.3 vs. 92.3), Economy (86.9 vs. 85.7), Employment (92.2 vs. 85.0) and the Stock Market (66.7 vs. 63.0) has improved from the last six months, except for a decrease in the Quality of Life categrory (86.0 vs. 90.1).</p> <p><b>UNITED ARAB EMIRATES (82.4)</b></p> <p>Consumers in the UAE have become more pessimistic compared to the last six months (86.1), but still much more optimistic than a year ago (29.6).</p> <p>Consumer sentiments toward the Quality of Life (87.5 vs. 83.7) and Regular Income (86.8 vs. 81.9) have increased compared to six months ago but have decreased for the remaining three economic indicators: the Stock Market (72.6 vs. 89.6), Economy (83.0 vs. 89.4) and Employment (82.4 vs. 86.0).</p> <p><b><u>AFRICA MARKETS</u></b></p> <p><b>KENYA (73.5)</b></p> <p>Consumers in Kenya have become much more optimistic, with a significant increase in consumer confidence scores from six months ago (47.9), when the survey was first conducted in Kenya.</p> <p>Consumer confidence about Regular Income (88.5 vs. 61.7 six months ago), the Stock Market (73.9 vs. 51.4), the Economy (72.6 vs. 43.5), Employment (65.6 vs. 42.7) and Quality of Life (67.0 vs. 40.1) have all increased.</p> <p><b>MOROCCO (78.2)</b></p> <p>Consumers in Morocco have become optimistic in the next six months when compared to six months ago (66.1), when the survey was first conducted in Morocco.</p> <p>Moroccan consumers are generally more optimistic across all five economic indicators, Regular Income (90.9 vs. 80.7), the Stock Market (71.9 vs. 64.0), Economy (78.3 vs. 63.1), Quality of Life (72.9 vs. 61.8) and Employment (77.2 vs. 60.8).</p> <p><b>NIGERIA (83.2)</b></p> <p>Nigerian consumers are more pessimistic when compared to the last six months (89.4) when they survey was first conducted in Nigeria.</p> <p>Consumers in Nigeria have become less optimistic across all five economic indicators, Regular Income (95.6 vs. 96.6), Quality of Life (85.0 vs. 93.8), Economy (79.4 vs. 90.2), Employment (81.7 vs. 90.0) and the Stock Market (74.4 vs. 76.6).</p> <p><b>SOUTH AFRICA (58.6)</b></p> <p>Consumers in South Africa are less confident about the next six months than they were six months ago (59.8) and a year ago (67.3).</p> <p>South African consumers are less optimistic than six months ago across three economic indicators: Quality of Life (55.8 vs. 56.9 six months ago), Employment (53.2 vs. 53.7) and the Stock Market (55.2 vs. 62.6). The remaining two economic indications, Regular Income (68.3 vs. 66.8) and the Economy (60.4 vs. 59.0), saw slight spikes in confidence.</p> Launched in 1993, the MasterCard Index of Consumer Confidence has proven to be an excellent barometer of general consumer pulse in Asia/Pacific. The twice annual survey analyzes prevailing consumer perceptions of economic conditions for the next six-months.http://www1.mastercard.com/content/intelligence/en/research/press-release/2010/optimistic-outlook-holds-steady-amongst-respondents-in-asia-paci2010-05-17T16:00:00.000Z2010-05-17T16:00:00.000ZMore Women Perceiving themselves as holding the household’s purse strings: MasterCard NOTE TO EDITORS<p><b><i>This news release is distributed with the table below that shows the MasterCard Worldwide Index of Women’s Advancement by market. The full report can be found at the website <a href="http://www.mastercard-masterindex.com/">www.masterintelligence.com</a></i></b></p> <p><b><i>Slides on the report can be found at </i></b><b><i><a href="http://www.slideshare.net/MasterCardNews" target="_blank">http://www.slideshare.net/MasterCardNews</a> </i></b><b><u></u></b></p> MasterCard Worldwide Index of Women’s Advancement <p><b><u>Asia/Pacific</u></b></p> <table cellspacing="0" cellpadding="1" border="1"> <tbody><tr><th class="table-description">Market</th> <th class="table-description">2007</th> <th class="table-description">2008</th> <th class="table-description">2009</th> <th class="table-description">2010</th> </tr><tr><td><b>Australia </b></td> <td>85.05</td> <td>78.47</td> <td>99.45</td> <th class="table-description">87.50</th> </tr><tr><td><b>China </b></td> <td>89.85</td> <td>79.15</td> <td>93.44</td> <th class="table-description">90.88</th> </tr><tr><td><b>Hong Kong </b></td> <td>86.86</td> <td>87.82</td> <td>84.42</td> <th class="table-description">80.62</th> </tr><tr><td><b>India </b></td> <td>54.05</td> <td>57.02</td> <td>70.12</td> <th class="table-description">81.46</th> </tr><tr><td><b>Indonesia </b></td> <td>77.78</td> <td>79.62</td> <td>75.29</td> <th class="table-description">96.79</th> </tr><tr><td><b>Japan </b></td> <td>70.75</td> <td>72.40</td> <td>72.19</td> <th class="table-description">66.26</th> </tr><tr><td><b>South Korea </b></td> <td>68.36</td> <td>62.63</td> <td>69.95</td> <th class="table-description">81.09</th> </tr><tr><td><b>Malaysia </b></td> <td>70.30</td> <td>71.80</td> <td>66.96</td> <th class="table-description">93.51</th> </tr><tr><td><b>New Zealand </b></td> <td>103.52</td> <td>83.79</td> <td>96.30</td> <th class="table-description">97.37</th> </tr><tr><td><b>Philippines </b></td> <td>100.83</td> <td>95.87</td> <td>72.04</td> <th class="table-description">86.15</th> </tr><tr><td><b>Singapore </b></td> <td>88.23</td> <td>86.51</td> <td>102.21</td> <th class="table-description">79.11</th> </tr><tr><td><b>Taiwan </b></td> <td>88.30</td> <td>81.91</td> <td>71.40</td> <th class="table-description">75.65</th> </tr><tr><td><b>Thailand </b></td> <td>82.89</td> <td>82.62</td> <td>97.91</td> <th class="table-description">97.36</th> </tr><tr><td><b>Vietnam </b></td> <td>88.19</td> <td>88.67</td> <td>86.69</td> <th class="table-description">76.59</th> </tr><tr><td><b>Asia/Pacific </b></td> <td>83.72</td> <td>79.24</td> <td>84.47</td> <th class="table-description">85.57</th> </tr></tbody></table> <p><i>The Index figure shows how close or how far women in each market are achieving socioeconomic parity with men. A score under 100 indicates gender inequality in favor of males while a score above 100 indicates inequality in favor of females. A score of 100 indicates equality between the sexes. </i><b><u></u></b></p> MasterCard and Women <p>MasterCard is committed to empowering women through initiatives such as its U21 Global Scholarship for Women in Travel and Tourism, which was launched in 2006 to provide working women professionals a program to develop their leadership skills and realize their full potential in the area of travel and tourism. The program comprises scholarships given out for the U21Global Executive Diploma of Business Administration that can articulate into The University of Nottingham MSc in Tourism and Travel Management.</p> <p>MasterCard has also devoted extensive resources to developing a deeper understanding of the women's segment in Asia/Pacific, Middle East and Africa. It regularly releases consumer insights and trend research on women. These can be accessed at its online repository of proprietary research www.masterintelligence.com</p> MasterCard and its Suite of Research Properties <p>The MasterCard Worldwide Index of Women’s Advancement is part of the MasterCard Worldwide Index suite of research products in Asia/Pacific, Middle East and Africa. The others include the MasterCard Worldwide Index of Consumer Confidence and MasterCard Worldwide Index of Consumer Purchasing Resilience.</p> <p>Besides these, MasterCard also regularly releases its Insights reports; the series is part its ongoing research and analysis of business dynamics, financial policies and regulatory activities in the Asia/Pacific, Middle East and Africa region. Over 60 Insights reports have been produced since 2004. MasterCard has also released a series of four books on Asian consumer insights, authored by its Asia/Pacific economist, Dr. Yuwa Hedrick-Wong and published by John Wiley &amp; Sons.</p> <p>The MasterCard Indexes and Insights reports are available at <a href="http://www.masterintelligence.com">www.masterintelligence.com</a></p> About MasterCard Worldwide <p>MasterCard Worldwide advances global commerce by providing a critical economic link among financial institutions, businesses, cardholders and merchants worldwide. &nbsp;As a franchisor, processor and advisor, MasterCard develops and markets payment solutions, processes over 22 billion transactions each year, and provides industry-leading analysis and consulting services to financial-institution customers and merchants. &nbsp;Powered by the MasterCard Worldwide Network and through its family of brands, including MasterCard®, Maestro® and Cirrus®, MasterCard serves consumers and businesses in more than 210 countries and territories. &nbsp;For more information go to <a href="http://www.mastercard.com" target="_blank">www.mastercard.com</a>. &nbsp;Follow us on Twitter:<a href="http://twitter.com/mastercardnews" target="_blank">@mastercardnews</a>.</p> Contacts<p>Eugenia Koh,<br> Weber Shandwick,<br> <a target="_blank" href="mailto:ekoh@webershandwick.com">ekoh@webershandwick.com</a><br> (65) 6825-8029</p> <p>Vani Viswanathan,<br> Weber Shandwick, <a target="_blank" href="mailto:vviswanathan@webershandwick.com"><br> vviswanathan@webershandwick.com</a><br> (65) 6825-8053</p> The MasterCard Worldwide Index of Women’s Advancement is part of a sustained effort by MasterCard to measure the socioeconomic standing of women across Asia/Pacific, Middle East and Africa.http://www1.mastercard.com/content/intelligence/en/research/press-release/2010/more-women-perceiving-themselves-as-holding-the-households-purse2010-03-01T16:00:00.000Z2010-03-01T16:00:00.000ZMasterCard Launches Inaugural Index of Financial Literacy in Asia/Pacific Georgette Tan, Mei Yu Hong MasterCard Worldwide Index of Financial Literacy (Women)<table border="1" cellspacing="0" cellpadding="0"> <tbody><tr><th class="table-description" colspan="2" rowspan="3"><b>Ranking</b></th> <th class="table-description" colspan="4"><b>Scores</b></th> </tr><tr><th class="table-description" rowspan="2"><b>Overall Financial Literacy Index</b></th> <th class="table-description" colspan="3"><b>Components of Financial Literacy Index</b></th> </tr><tr><th class="table-description"><b>Basic Money Management</b></th> <th class="table-description"><b>Financial Planning</b></th> <th class="table-description"><b>Investment</b></th> </tr><tr><th class="table-description" colspan="2"><b><i>Asia/Pacific </i></b></th> <td><i>65.7</i></td> <td><i>63.9</i></td> <td><i>74.6</i></td> <td><i>56.7</i></td> </tr><tr><td><b>1</b></td> <td>Thailand</td> <td>73.9</td> <td>67.9</td> <td>87.0</td> <td>69.3</td> </tr><tr><td><b>2</b></td> <td>New Zealand</td> <td>71.3</td> <td>76.7</td> <td>72.9</td> <td>55.2</td> </tr><tr><td><b>3</b></td> <td>Australia</td> <td>70.2</td> <td>75.8</td> <td>69.0</td> <td>58.3</td> </tr><tr><td><b>4</b></td> <td>Vietnam</td> <td>70.1</td> <td>65.4</td> <td>82.8</td> <td>62.7</td> </tr><tr><td><b>5</b></td> <td>Singapore</td> <td>69.4</td> <td>70.0</td> <td>80.4</td> <td>51.5</td> </tr><tr><td><b>6</b></td> <td>Taiwan</td> <td>68.7</td> <td>63.4</td> <td>82.4</td> <td>61.3</td> </tr><tr><td><b>7</b></td> <td>Philippines</td> <td>68.2</td> <td>66.6</td> <td>79.2</td> <td>55.6</td> </tr><tr><td><b>8</b></td> <td>Hong Kong</td> <td>68.0</td> <td>71.0</td> <td>67.8</td> <td>60.9</td> </tr><tr><td><b>9</b></td> <td>Indonesia</td> <td>66.5</td> <td>62.1</td> <td>79.1</td> <td>58.6</td> </tr><tr><td><b>10</b></td> <td>Malaysia</td> <td>66.0</td> <td>64.3</td> <td>75.0</td> <td>56.6</td> </tr><tr><td><b>11</b></td> <td>India</td> <td>61.4</td> <td>58.8</td> <td>67.6</td> <td>58.9</td> </tr><tr><td><b>12</b></td> <td>China</td> <td>60.1</td> <td>54.4</td> <td>73.3</td> <td>54.4</td> </tr><tr><td><b>13</b></td> <td>Japan</td> <td>59.9</td> <td>61.7</td> <td>71.2</td> <td>38.4</td> </tr><tr><td><b>14</b></td> <td>Korea</td> <td>55.9</td> <td>51.1</td> <td>65.7</td> <td>53.1</td> </tr></tbody></table> MasterCard and its Suite of Research Properties <p>The MasterCard Worldwide Index suite in Asia/Pacific, Middle East and Africa includes the long-running MasterCard Worldwide Index of Consumer Confidence, as well as the&nbsp;MasterCard Worldwide Index of Women’s Advancement, Online Shopping,&nbsp;Index of Financial Literacy, and the&nbsp;<a href="http://newsroom.mastercard.com/digital-press-kits/mastercard-global-destination-cities-index-2013/" target="_blank"><b>Index of Global Destination Cities</b></a>. In addition to the Indices, MasterCard’s research properties also include a range of consumer surveys including Ethical Spending&nbsp;and a series on&nbsp;Consumer Purchasing Priorities&nbsp;(covering&nbsp;Travel,&nbsp;Dining &amp; Entertainment, Education,&nbsp;Money Management,&nbsp;Luxury&nbsp;and General Shopping).</p> <p>MasterCard also regularly releases Insights reports providing analysis of business dynamics, financial policies and regulatory activities in the Asia/Pacific, Middle East and Africa region. Over 80 Insights reports have been produced since 2004.</p> <p>The MasterCard Indexes and Insights reports are available at <a href="http://www.masterintelligence.com/"><b>www.masterintelligence.com</b></a></p> <p></p> About MasterCard Worldwide<p><a href="http://www.mastercard.com/index.html" target="_blank"><b>MasterCard</b></a>&nbsp;(NYSE: MA),&nbsp;<a href="http://www.mastercard.com/" target="_blank"><b>www.mastercard.com</b></a>,<b>&nbsp;</b>is a technology company in the global payments industry. We operate&nbsp;the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard’s products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter <a href="https://twitter.com/#!/MasterCardNews" target="_blank"><b>@MasterCardNews</b></a><b>,&nbsp;</b>join the discussion on the&nbsp;<a href="http://newsroom.mastercard.com/blog/" target="_blank"><b>Cashless Conversations Blog</b></a>&nbsp;and&nbsp;<a href="http://newsroom.mastercard.com/subscribe/" target="_blank"><b>subscribe</b></a>&nbsp;for the latest <a href="http://newsroom.mastercard.com/" target="_blank"><b>news</b></a>.</p> The MasterCard Worldwide Index of Financial Literacy is based on a survey conducted between 13 September 2010 and 11 November 2010 in 24 Asia/Pacific countries. This survey will continue to be conducted on an annual basis.http://www1.mastercard.com/content/intelligence/en/research/press-release/2011/mastercard-launches-inaugural-index-of-financial-literacy-in-asia-pacific2011-02-28T16:00:00.000Z2011-02-28T16:00:00.000ZEmerging Markets to Drive Global Economy in Huge Consumption Shift: New MasterCard Report Georgette Tan, Robert O’Brien The MasterCard Worldwide Knowledge Platform<p>The MasterCard Worldwide Knowledge Platform develops and shares new perspectives on the dynamics of global economic growth and the evolution of consumer markets across the world through its research properties and advisory services.</p> <p>MasterCard’s suite of research properties includes its Insights series of reports, its family of consumer market Indexes, and a range of consumer spending surveys. The Insights reports focus on analysis of economic dynamics, business conditions, and government policies at the regional and global levels.&nbsp; The consumer market indexes include the long-running MasterCard Worldwide Index of Consumer Confidence as well as the MasterCard Worldwide Index of Global Destination Cities launched in 2011. Also, MasterCard regularly conducts surveys examining economic and consumer trends – including seasonal consumer spending, consumer purchasing priorities, and consumer adoption of emerging payment products and services.</p> <p>MasterCard Advisors, the professional services arm of MasterCard Worldwide, provides payments consultancy services to financial institutions and merchant partners worldwide. MasterCard Advisors regularly issues SpendingPulse reports, a macro-economic indicator tracking national retail and service sales, across all payment forms including cash and check.&nbsp; SpendingPulse reports are currently available in the U.S. and UK.</p> <p>Serving as MasterCard’s Global Economic Advisor, Dr. Yuwa Hedrick-Wong carries 25 years of international experience gained in over 30 countries. As economic advisor, he serves as author and chief editor of MasterCard’s Insights series of reports; and chairs a MasterCard Knowledge Panel comprising leading economists, policy advisors, academics and business strategists for regular discussions, debates, and knowledge sharing.</p> <p></p> About MasterCard <p><a href="http://www.mastercard.com/index.html" target="_blank"><b>MasterCard</b></a>&nbsp;(NYSE: MA),&nbsp;<a href="http://www.mastercard.com/" target="_blank"><b>www.mastercard.com</b></a>,<b>&nbsp;</b>is a technology company in the global payments industry. We operate&nbsp;the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard’s products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter <a href="https://twitter.com/#!/MasterCardNews" target="_blank"><b>@MasterCardNews</b></a><b>,&nbsp;</b>join the discussion on the&nbsp;<a href="http://newsroom.mastercard.com/blog/" target="_blank"><b>Cashless Conversations Blog</b></a>&nbsp;and&nbsp;<a href="http://newsroom.mastercard.com/subscribe/" target="_blank"><b>subscribe</b></a>&nbsp;for the latest <a href="http://newsroom.mastercard.com/" target="_blank"><b>news</b></a>.</p> <p></p> The latest Index from MasterCard is a new approach to understanding the global economy and the dynamic flow of commerce across the world. It ranks cities by their total international visitor arrivals and the cross-border spending by these same visitors in the destination cities, and gives visitor and passenger growth forecasts for 2011.http://www1.mastercard.com/content/intelligence/en/research/press-release/2011/emerging-markets-to-drive-global-economy-in-huge-consumption-shift2011-12-12T16:00:00.000Z2011-12-12T16:00:00.000ZEarthquake Effect Bites as Consumer Confidence Wanes in Asia/Pacific: New MasterCard Index Georgette Tan, Robert O’Brien Asia/Pacific rocked by Japan, NZ earthquakes<p>Overall confidence in the Economy in the Asia/Pacific region fell from 70.6 to 59.1, with Employment down from 67.5 to 59.9. Confidence also fell among consumers on the key indicator of Quality of Life (from 64.7 to 57.0) and the Stock Market (from 65.8 to 58.1), but increased slightly on Regular Income (from 71.6 to 73.1).</p> <p>Japan and New Zealand, both still recovering from devastating earthquakes this year, experienced declines in consumer confidence across most key indicators, with New Zealand’s overall confidence falling from a positive 53.3 in the previous six months to a pessimistic 42.2, with a strong decline in confidence in the Economy (from 53.1 to 35.1). Japan’s overall consumer confidence was at its lowest since 2002, with confidence in the Economy falling from 20.6 six months ago to 12.3 and confidence in Employment down from 21.8 to 13.3.</p> <p>Steep falls in consumer confidence were found in the Philippines, where optimism fell from 80.1 to 53.6 over the last six months, and across all key indicators, most dramatically in Employment (80.0 to 45.3), Qualify of Life (80.5 to 46.7) and the Economy (83.6 to 54.0).</p> <p>“While consumer attitudes remain overwhelmingly positive across this Index there is clearly a perception that the recovery from the financial crisis is not going as smoothly as people would like,” said Yuwa Hedrick-Wong, global economic advisor for MasterCard Worldwide.</p> <p>“Consumers are fantastic barometers of economic performance. As parts of the world have endured six very difficult months dealing with natural disasters, political instability and with ongoing financial uncertainty across the Eurozone, it is no surprise to see consumer sentiment declining across some of these markets.” &nbsp;&nbsp;</p> <table width="571" cellspacing="0" cellpadding="0" border="0"> <tbody><tr><th class="table-description"><b>MARKETS</b></th> <th class="table-description"><b>2H2011</b></th> <th class="table-description"><b>1H2011</b></th> <th class="table-description"><b>2H 2010</b></th> <th class="table-description"><b>1H 2010</b></th> <th class="table-description"><b>2H 2009</b></th> </tr><tr><td>Australia</td> <td>63.1</td> <td>63.0</td> <td>74.1</td> <td>69.5</td> <td>24.1</td> </tr><tr><td>China</td> <td>78.3</td> <td>79.4</td> <td>83.0</td> <td>85.3</td> <td>60.8</td> </tr><tr><td>Hong Kong</td> <td>69.9</td> <td>74.7</td> <td>76.6</td> <td>60.0</td> <td>24.7</td> </tr><tr><td>India</td> <td>75.2</td> <td>73.0</td> <td>68.2</td> <td>68.8</td> <td>68.0</td> </tr><tr><td>Indonesia</td> <td>58.0</td> <td>56.1</td> <td>61.4</td> <td>67.0</td> <td>49.2</td> </tr><tr><td>Japan</td> <td>15.9</td> <td>20.2</td> <td>27.8</td> <td>24.4</td> <td>21.5</td> </tr><tr><td>South Korea</td> <td>51.8</td> <td>55.7</td> <td>54.1</td> <td>59.8</td> <td>28.8</td> </tr><tr><td>Malaysia</td> <td>64.9</td> <td>66.2</td> <td>67.9</td> <td>66.3</td> <td>27.8</td> </tr><tr><td>New Zealand</td> <td>42.2</td> <td>53.3</td> <td>65.9</td> <td>69.7</td> <td>21.5</td> </tr><tr><td>Philippines</td> <td>53.6</td> <td>80.1</td> <td>59.3</td> <td>49.7</td> <td>40.5</td> </tr><tr><td>Singapore</td> <td>77.9</td> <td>86.1</td> <td>86.6</td> <td>79.4</td> <td>31.2</td> </tr><tr><td>Taiwan</td> <td>67.6</td> <td>62.5</td> <td>65.7</td> <td>56.5</td> <td>39.4</td> </tr><tr><td>Thailand</td> <td>46.1</td> <td>57.3</td> <td>50.6</td> <td>55.3</td> <td>23.0</td> </tr><tr><td>Vietnam</td> <td>77.1</td> <td>90.3</td> <td>93.7</td> <td>90.0&nbsp;&nbsp;<br> </td> <td>60.9</td> </tr><tr><td>Total Asia/Pacific</td> <td>61.5</td> <td>68.0</td> <td>69.1</td> <td>66.3</td> <td>38.7</td> </tr></tbody></table> About the MasterCard Worldwide Index™ of Consumer Confidence<p>The MasterCard Worldwide Index™ of Consumer Confidence survey has an 19-year track record of consumer confidence indices collected from over 200,000 interviews, unequalled both in scope and history across Asia/Pacific.</p> <p>The MasterCard Worldwide Index of Consumer Confidence is the most comprehensive and longest running survey of its kind in the region.&nbsp; In June 1997, the Index revealed a decline in consumer confidence – one month prior to the devaluation of the Thai baht that triggered the regional economic crisis. In June 2003, the Index score for Employment in Hong Kong dropped to a low of 20.0. This was subsequently reflected in Hong Kong’s unemployment rate, which peaked just before September 2003 at eight percent.</p> <p>The survey comprising the Asia/Pacific markets began in the first half of 1993 and is now conducted annually. Markets from the Middle East and Africa were included in the Index from 2004. Twenty five markets now participate in the survey: Australia, China, Egypt, Hong Kong, India, Indonesia, Japan, Kenya, Kuwait, Lebanon, Malaysia, Morocco, New Zealand, Nigeria, Oman, Philippines, Qatar, Saudi Arabia, South Korea, South Africa, Singapore, Taiwan, Thailand, United Arab Emirates and Vietnam. The last MasterCard Worldwide Index of Consumer Confidence survey was conducted from 15 March to 27 April 2011. A total of 17,620 qualified respondents were surveyed in the 25 markets with the sample being representative of the middle and upper income groups in each market.&nbsp; In each market except China and India, 400 or more people were surveyed.&nbsp; A minimum sample size of 800 was collected from China and India.</p> <p>The Index is calculated based with zero as the most pessimistic, 100 as most optimistic and 50 as neutral.&nbsp; Five economic factors are measured: Employment, the Economy, Regular Income, Stock Market and Quality of Life. The responses are consumers' thoughts on the six months ahead. Data collection was via internet surveys, personal, telephone and Computer Aided Telephone interviews, with the questionnaire translated to the local language wherever appropriate and necessary.&nbsp; The survey has a margin of sampling error of plus or minus four percentage points at the 90 percent confidence level, except China and India where because of the larger sample, the margin of sampling error is plus or minus three percentage points.</p> <p></p> MasterCard and its Suite of Research Properties<p>The MasterCard Worldwide Index suite in Asia/Pacific, Middle East and Africa includes the long-running MasterCard Worldwide Index of Consumer Confidence, as well as the&nbsp;MasterCard Worldwide Index of Women’s Advancement, Online Shopping,&nbsp;Index of Financial Literacy, and the&nbsp;<a href="http://newsroom.mastercard.com/digital-press-kits/mastercard-global-destination-cities-index-2013/" target="_blank"><b>Index of Global Destination Cities</b></a>. In addition to the Indices, MasterCard’s research properties also include a range of consumer surveys including Ethical Spending&nbsp;and a series on&nbsp;Consumer Purchasing Priorities&nbsp;(covering&nbsp;Travel,&nbsp;Dining &amp; Entertainment, Education,&nbsp;Money Management,&nbsp;Luxury&nbsp;and General Shopping).</p> <p>MasterCard also regularly releases Insights reports providing analysis of business dynamics, financial policies and regulatory activities in the Asia/Pacific, Middle East and Africa region. Over 80 Insights reports have been produced since 2004.</p> <p>MasterCard has also released a series of four books on Asian consumer insights, authored by&nbsp;<a href="http://newsroom.mastercard.com/people/dyuwa/" target="_blank"><b>Dr. Yuwa Hedrick-Wong</b></a>, Global Economic Advisor for MasterCard Worldwide and published by John Wiley &amp; Sons.</p> <p></p> About MasterCard Worldwide<p><a href="http://www.mastercard.com/index.html" target="_blank"><b>MasterCard</b></a>&nbsp;(NYSE: MA),&nbsp;<a href="http://www.mastercard.com/" target="_blank"><b>www.mastercard.com</b></a>,<b>&nbsp;</b>is a technology company in the global payments industry. We operate&nbsp;the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard’s products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter <a href="https://twitter.com/#!/MasterCardNews" target="_blank"><b>@MasterCardNews</b></a><b>,&nbsp;</b>join the discussion on the&nbsp;<a href="http://newsroom.mastercard.com/blog/" target="_blank"><b>Cashless Conversations Blog</b></a>&nbsp;and&nbsp;<a href="http://newsroom.mastercard.com/subscribe/" target="_blank"><b>subscribe</b></a>&nbsp;for the latest <a href="http://newsroom.mastercard.com/" target="_blank"><b>news</b></a>.</p> <p></p> <p></p> Launched in 1993, the MasterCard Index of Consumer Confidence has proven to be an excellent barometer of general consumer pulse in Asia/Pacific. The twice annual survey analyzes prevailing consumer perceptions of economic conditions for the next six-months.http://www1.mastercard.com/content/intelligence/en/research/press-release/2011/earthquake-effects-bites-as-consumer-confidence-wanes-in-asia-pacific2011-06-22T16:00:00.000Z2011-06-22T16:00:00.000ZSingapore, India Top List of Region’s Big Spenders: MasterCard Survey Georgette Tan, Robert O’Brien MasterCard and its Suite of Research Properties<p>The MasterCard Worldwide Index suite in Asia/Pacific, Middle East and Africa includes the long-running MasterCard Worldwide Index of Consumer Confidence, as well as the MasterCard Worldwide Index of Women’s Advancement, Online Shopping, Index of Financial Literacy, and the Index of Global Destination Cities. In addition to the Indices, MasterCard’s research properties also include a range of consumer surveys including Ethical Spending and a series on Consumer Purchasing Priorities (covering Travel, Dining &amp; Entertainment, Education, Money Management, Luxury and General Shopping).</p> <p>MasterCard also regularly releases Insights reports providing analysis of business dynamics, financial policies and regulatory activities in the Asia/Pacific, Middle East and Africa region. Over 80 Insights reports have been produced since 2004.</p> <p>MasterCard has also released a series of four books on Asian consumer insights, authored by Dr. Yuwa Hedrick-Wong, Global Economic Advisor for MasterCard Worldwide and published by John Wiley &amp; Sons.&nbsp;</p> <p></p> About MasterCard Worldwide<p><a href="http://www.mastercard.com/index.html" target="_blank"><b>MasterCard</b></a>&nbsp;(NYSE: MA),&nbsp;<a href="http://www.mastercard.com/" target="_blank"><b>www.mastercard.com</b></a>,<b>&nbsp;</b>is a technology company in the global payments industry. We operate&nbsp;the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard’s products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter <a href="https://twitter.com/#!/MasterCardNews" target="_blank"><b>@MasterCardNews</b></a><b>,&nbsp;</b>join the discussion on the&nbsp;<a href="http://newsroom.mastercard.com/blog/" target="_blank"><b>Cashless Conversations Blog</b></a>&nbsp;and&nbsp;<a href="http://newsroom.mastercard.com/subscribe/" target="_blank"><b>subscribe</b></a>&nbsp;for the latest <a href="http://newsroom.mastercard.com/" target="_blank"><b>news</b></a>.</p> The MasterCard Survey on Consumer Purchasing Priorities, released twice yearly, provides valuable insights into consumers’ discretionary spending priorities for the six months ahead. The latest survey was conducted from March to April 2011 and involved 6,022 consumers from 8 markets. http://www1.mastercard.com/content/intelligence/en/research/press-release/2011/singapore-india-top-list-of-regions-big-spenders-mastercard-survery2011-09-25T16:00:00.000Z2011-09-25T16:00:00.000ZDining and Entertainment Tops Purchasing Priorities List for Third Year Running: MasterCard Survey Sumana Rajarethnam, Vani Viswanathan Additional Key Highlights: Asia/Pacific<ul> <li>Vietnam had the highest percentages across the region for each of their three top spending categories of Dining &amp; Entertainment (89%), Fashion &amp; Accessories (78%) and Fitness &amp; Wellness (69%).</li> <li>Children’s Education was in the top three spending categories for India (53%), Indonesia (49%), Malaysia (39.8%) and Thailand (37%).</li> <li>The most resilient category in Malaysia (79.7), Taiwan (78.2), the Philippines (76.7) and Hong Kong (76.7) was on continuing education for self-improvement, according to the MasterCard Worldwide Index of Consumer Purchasing Resilience&nbsp;</li> </ul> <p></p> Middle East and Levant (MEL)<ul> <li>Dining and entertainment is the highest spending category for next 6 months across all 6 markets in the Middle East. Some 98% of consumers in Egypt said they would consider spending on dining and entertainment in the next six months.</li> <li>For the region, the highest spending category is Dining &amp; Entertainment (76%), followed by Fashion &amp; Accessories (51%) and Children’s Education (41%).</li> <li>Some 63% of respondents across Middle East said they would keep their level of discretionary spending the same. Reflected across markets, the majority of respondents in all six markets said they would keep the same level of discretionary spending. Saudi Arabia stood out because it had the lowest percentage of respondents in the region (6%) saying they plan to decrease their level of discretionary spending, and the highest (41%) saying they plan to increase their level of discretionary spending.</li> <li>Children’s Education was the most resilient category in Egypt (99.3), Qatar (97.7) and Lebanon (95.2)</li> </ul> <p></p> Africa<ul> <li>Spending priorities in Africa are highest for Fashion &amp; Accessories (63%), Dining &amp; Entertainment (48%) and Children’s Education (35%).</li> <li>In Africa, the highest percentage of consumers who said they would spend on Fashion and Accessories (90%) and Dining and Entertainment (70%) came from Morocco. The highest percentage who said they would spend on Children’s Education was Kenya (58%).</li> <li>Some 42% of respondents in Africa said they would keep the same level of discretionary spending while 35% of respondents in Africa said they would increase their level of discretionary spending. The percentage of consumers who said they would increase the level of discretionary spending in Africa (35%) was higher than consumers who said the same in Asia/Pacific (19%), but lower than consumers in the Middle East (41%).</li> <li>The highest percentage of consumers in the region who said they would maintain their level of discretionary spending were in Morocco (81%). Some 64% of consumers in Nigeria said they would increase their level of discretionary spending, the highest in the region, while only 7% of consumers in Morocco said they would decrease their level of discretionary spending, the lowest in the region.</li> <li>Nigeria (98.4) had the highest resilience score for the Africa region in the Children’s Education category, according to the MasterCard Worldwide Index of Consumer Purchasing Resilience</li> </ul> <p></p> MasterCard and its Suite of Research Properties<p>The MasterCard Worldwide Index suite in Asia/Pacific, Middle East and Africa includes the long-running MasterCard Worldwide Index of Consumer Confidence, as well as the&nbsp;MasterCard Worldwide Index of Women’s Advancement, Online Shopping,&nbsp;Index of Financial Literacy, and the&nbsp;<a href="http://newsroom.mastercard.com/digital-press-kits/mastercard-global-destination-cities-index-2013/" target="_blank"><b>Index of Global Destination Cities</b></a>. In addition to the Indices, MasterCard’s research properties also include a range of consumer surveys including Ethical Spending&nbsp;and a series on&nbsp;Consumer Purchasing Priorities&nbsp;(covering&nbsp;Travel,&nbsp;Dining &amp; Entertainment, Education,&nbsp;Money Management,&nbsp;Luxury&nbsp;and General Shopping).</p> <p>MasterCard also regularly releases Insights reports providing analysis of business dynamics, financial policies and regulatory activities in the Asia/Pacific, Middle East and Africa region. Over 80 Insights reports have been produced since 2004.</p> <p>MasterCard has also released a series of four books on Asian consumer insights, authored by&nbsp;<a href="http://newsroom.mastercard.com/people/dyuwa/" target="_blank"><b>Dr. Yuwa Hedrick-Wong</b></a>, Global Economic Advisor for MasterCard Worldwide and published by John Wiley &amp; Sons.</p> About MasterCard Worldwide <p><a href="http://www.mastercard.com/index.html" target="_blank"><b>MasterCard</b></a>&nbsp;(NYSE: MA),&nbsp;<a href="http://www.mastercard.com/" target="_blank"><b>www.mastercard.com</b></a>,<b>&nbsp;</b>is a technology company in the global payments industry. We operate&nbsp;the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard’s products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter <a href="https://twitter.com/#!/MasterCardNews" target="_blank"><b>@MasterCardNews</b></a><b>,&nbsp;</b>join the discussion on the&nbsp;<a href="http://newsroom.mastercard.com/blog/" target="_blank"><b>Cashless Conversations Blog</b></a>&nbsp;and&nbsp;<a href="http://newsroom.mastercard.com/subscribe/" target="_blank"><b>subscribe</b></a>&nbsp;for the latest <a href="http://newsroom.mastercard.com/" target="_blank"><b>news</b></a>.</p> Contacts<p>Sumana Rajarethnam<br> +65 6825 8064<br> <a href="mailto:srajarethnam@webershandwick.com">srajarethnam@webershandwick.com</a><br> <br> Vani Viswanathan<br> +65 6825 8053<br> <a href="mailto:vviswanathan@webershandwick.com">svviswanathan@webershandwick.com </a></p> The MasterCard Survey on Consumer Purchasing Priorities, released twice yearly, provides valuable insights into consumers’ discretionary spending priorities for the six months ahead. The latest survey was conducted from 13 September to 11 November 2010 and involved 10,502 consumers from 24 markets across Asia/Pacific, Middle East and Africa.http://www1.mastercard.com/content/intelligence/en/research/press-release/2011/dining-and-entertainment-tops-purchasing-priorities-list-for-third-year-running2011-01-20T16:00:00.000Z2011-01-20T16:00:00.000ZFood Courts, Cinemas and Gyms Get Asia/Pacific Consumers’ Time and Dollar: MasterCard Survey Georgette Tan, Vasundhara Subrahmanian Chart 1: Outlook for dining out in the six months ahead compared to the last six months (as percentage of respondents)<p><img src="/content/dam/intelligence/content-assets/chart1.jpg"></p> Chart 2: Intention to step up visits to the gym in the six months ahead (as percentage of respondents)<p><img height="287" width="578" src="/content/dam/intelligence/content-assets/chart2.jpg"></p> <p>&nbsp;</p> MasterCard and its Suite of Research Properties Asia/Pacific, Middle East & Africa <p>The MasterCard Worldwide Index suite in Asia/Pacific, Middle East and Africa includes the long-running MasterCard Worldwide Index of Consumer Confidence, as well as the MasterCard Worldwide Index of Women’s Advancement, Online Shopping, Index of Financial Literacy, and the Index of Global Destination Cities. In addition to the Indices, MasterCard’s research properties also include a range of consumer surveys including Ethical Spending and a series on Consumer Purchasing Priorities (covering Travel, Dining &amp; Entertainment, Education, Money Management, Luxury and General Shopping).</p> <p>MasterCard also regularly releases Insights reports providing analysis of business dynamics, financial policies and regulatory activities in the Asia/Pacific, Middle East and Africa region. Over 80 Insights reports have been produced since 2004.</p> <p>MasterCard has also released a series of four books on Asian consumer insights, authored by Dr. Yuwa Hedrick-Wong, Global Economic Advisor for MasterCard Worldwide and published by John Wiley &amp; Sons.</p> <p></p> About MasterCard<p><a href="http://www.mastercard.com/index.html" target="_blank"><b>MasterCard</b></a>&nbsp;(NYSE: MA),&nbsp;<a href="http://www.mastercard.com/" target="_blank"><b>www.mastercard.com</b></a>,<b>&nbsp;</b>is a technology company in the global payments industry. We operate&nbsp;the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard’s products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter <a href="https://twitter.com/#!/MasterCardNews" target="_blank"><b>@MasterCardNews</b></a><b>,&nbsp;</b>join the discussion on the&nbsp;<a href="http://newsroom.mastercard.com/blog/" target="_blank"><b>Cashless Conversations Blog</b></a>&nbsp;and&nbsp;<a href="http://newsroom.mastercard.com/subscribe/" target="_blank"><b>subscribe</b></a>&nbsp;for the latest <a href="http://newsroom.mastercard.com/" target="_blank"><b>news</b></a>.</p> Contacts: <p><b>Georgette Tan</b><br> MasterCard Worldwide<br> <a href="mailto:georgette_tan@mastercard.com">georgette_tan@mastercard.com</a>,<br> +65 6390 5971<br> <br> <b>Vasundhara Subrahmanian</b><br> Weber Shandwick<br> <a href="mailto:vsubrahmanian@webershandwick.com">vsubrahmanian@webershandwick.com</a>,<br> +65 6825 8054<br> </p> The MasterCard Survey on Consumer Purchasing Priorities, released twice yearly, provides valuable insights into consumers’ discretionary spending priorities for the six months ahead. The latest survey was conducted from 15 March to 27 April 2011 and involved 10,374 consumers from 14 markets.http://www1.mastercard.com/content/intelligence/en/research/press-release/2011/food-courts-cinemas-and-gyms-get-asia-paific-consumers-time-and-dollar2011-10-30T16:00:00.000Z2011-10-30T16:00:00.000ZBusiness, Leisure Travelers Unfazed by Economic Uncertainty: MasterCard Survey Georgette Tan, Vasundhara SubrahmanianLooking Towards the Next 12 Months<p>Overall, a majority of respondents are likely to travel for business the same as or more than in the past 12 months. Out of the Asia/Pacific markets, South Korea (27%), Singapore (23%) and Hong Kong (19%) display significantly higher propensity to travel more for business in the next 12 months.</p> <p>The same applies for leisure travel, with a majority of respondents looking to travel the same as or more than in the past 12 months. For markets in the Asia/Pacific region, South Korea (40%) and Australia (32%) show highest interest to travel more for leisure over the coming year.</p> <p>Other key findings from the survey include:</p> <ul> <li>Alongside New Zealand, which also saw an earthquake earlier this year, Japan showed the lowest intention to travel more - either for leisure or business purposes - among more developed nations in Asia/Pacific.</li> <li>International business trips are scarce in India and Indonesia, with less than 2% of the respondents there having made any international business trips in the past 12 months.</li> <li>South Koreans, Taiwanese, and Thais are relatively more skewed to making domestic leisure trips, with more than 80% of their respondents said to have made at least one domestic leisure trip in the past 12 months.</li> <li>Domestic leisure travelers in Taiwan travel most frequently with nearly half of them (44%) having travelled more than 3 trips in past 12 months.</li> </ul> <p>For the full report go to: <a href="http://www.masterintelligence.com/"><b>www.masterintelligence.com</b></a></p> <p></p> MasterCard and its Suite of Research Properties Asia/Pacific, Middle East & Africa<p>The MasterCard Worldwide Index suite in Asia/Pacific, Middle East and Africa includes the long-running MasterCard Worldwide Index of Consumer Confidence, as well as the MasterCard Worldwide Index of Women’s Advancement, Online Shopping, Index of Financial Literacy, and the Index of Global Destination Cities. In addition to the Indices, MasterCard’s research properties also include a range of consumer surveys including Ethical Spending and a series on Consumer Purchasing Priorities (covering Travel, Dining &amp; Entertainment, Education, Money Management, Luxury and General Shopping).</p> <p>MasterCard also regularly releases Insights reports providing analysis of business dynamics, financial policies and regulatory activities in the Asia/Pacific, Middle East and Africa region. Over 80 Insights reports have been produced since 2004.</p> <p>MasterCard has also released a series of four books on Asian consumer insights, authored by Dr. Yuwa Hedrick-Wong, Global Economic Advisor for MasterCard Worldwide and published by John Wiley &amp; Sons.&nbsp;</p> <p></p> About MasterCard Worldwide<p><a href="http://www.mastercard.com/index.html" target="_blank"><b>MasterCard</b></a>&nbsp;(NYSE: MA),&nbsp;<a href="http://www.mastercard.com/" target="_blank"><b>www.mastercard.com</b></a>,<b>&nbsp;</b>is a technology company in the global payments industry. We operate&nbsp;the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard’s products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter <a href="https://twitter.com/#!/MasterCardNews" target="_blank"><b>@MasterCardNews</b></a><b>,&nbsp;</b>join the discussion on the&nbsp;<a href="http://newsroom.mastercard.com/blog/" target="_blank"><b>Cashless Conversations Blog</b></a>&nbsp;and&nbsp;<a href="http://newsroom.mastercard.com/subscribe/" target="_blank"><b>subscribe</b></a>&nbsp;for the latest <a href="http://newsroom.mastercard.com/" target="_blank"><b>news</b></a>.</p> The MasterCard Survey on Consumer Purchasing Priorities, released twice yearly, provides valuable insights into consumers’ discretionary spending priorities for the six months ahead. The latest survey was conducted from 15 March to 27 April 2011 and involved 10,374 consumers from 14 markets.http://www1.mastercard.com/content/intelligence/en/research/press-release/2011/business-leisure-travelers-unfazed-by-economic-uncertainty2011-07-31T16:00:00.000Z2011-07-31T16:00:00.000ZEmerging Markets to Drive Global Economy in Huge Shift in Consumption: MasterCard Worldwide Georgette Tan, Robert O’Brien About MasterCard <p><a href="http://www.mastercard.com/index.html" target="_blank"><b>MasterCard</b></a>&nbsp;(NYSE: MA),&nbsp;<a href="http://www.mastercard.com/" target="_blank"><b>www.mastercard.com</b></a>,<b>&nbsp;</b>is a technology company in the global payments industry. We operate&nbsp;the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard’s products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter <a href="https://twitter.com/#!/MasterCardNews" target="_blank"><b>@MasterCardNews</b></a><b>,&nbsp;</b>join the discussion on the&nbsp;<a href="http://newsroom.mastercard.com/blog/" target="_blank"><b>Cashless Conversations Blog</b></a>&nbsp;and&nbsp;<a href="http://newsroom.mastercard.com/subscribe/" target="_blank"><b>subscribe</b></a>&nbsp;for the latest <a href="http://newsroom.mastercard.com/" target="_blank"><b>news</b></a>.</p> The latest Index from MasterCard is a new approach to understanding the global economy and how consumers in emerging markets will drive value creation and growth in the global economy over the coming five years.http://www1.mastercard.com/content/intelligence/en/research/press-release/2011/emerging-markets-to-drive-global-economy-in-huge-shift-in-consumption2011-05-31T16:00:00.000Z2011-05-31T16:00:00.000ZWomen Trump Men in Basic Money Management: MasterCard Survey in Asia/Pacific Georgette Tan, Vasundhara SubrahmanianOther highlights from the survey include: <ul> <li>While women are also more conscious about where their dollars go – and are better at keeping track of their spending regularly (63% of women versus 60% of men across all seven markets), more men regularly monitor their investments than women (62% of women versus 69% of men across all seven markets) .&nbsp;</li> <li>&nbsp;Across the region men are more cognizant of how much funds they will need at retirement (36% of women versus 40% of men across all seven markets) though both genders are strongly in favor of having a financial plan (78% across all seven markets for both genders)</li> </ul> <p>For the full report, please visit <a href="http://www.masterintelligence.com/"><b>www.masterintelligence.com</b></a></p> <p></p> MasterCard and its Suite of Research Properties Asia/Pacific, Middle East & Africa <p>The MasterCard Worldwide Index suite in Asia/Pacific, Middle East and Africa includes the long-running MasterCard Worldwide Index of Consumer Confidence, as well as the&nbsp;MasterCard Worldwide Index of Women’s Advancement, Online Shopping,&nbsp;Index of Financial Literacy, and the&nbsp;<a href="http://newsroom.mastercard.com/digital-press-kits/mastercard-global-destination-cities-index-2013/" target="_blank"><b>Index of Global Destination Cities</b></a>. In addition to the Indices, MasterCard’s research properties also include a range of consumer surveys including Ethical Spending&nbsp;and a series on&nbsp;Consumer Purchasing Priorities&nbsp;(covering&nbsp;Travel,&nbsp;Dining &amp; Entertainment, Education,&nbsp;Money Management,&nbsp;Luxury&nbsp;and General Shopping).</p> <p>MasterCard also regularly releases Insights reports providing analysis of business dynamics, financial policies and regulatory activities in the Asia/Pacific, Middle East and Africa region. Over 80 Insights reports have been produced since 2004.</p> <p>MasterCard has also released a series of four books on Asian consumer insights, authored by&nbsp;<a href="http://newsroom.mastercard.com/people/dyuwa/" target="_blank"><b>Dr. Yuwa Hedrick-Wong</b></a>, Global Economic Advisor for MasterCard Worldwide and published by John Wiley &amp; Sons.</p> About MasterCard <p><a href="http://www.mastercard.com/index.html" target="_blank"><b>MasterCard</b></a>&nbsp;(NYSE: MA),&nbsp;<a href="http://www.mastercard.com/" target="_blank"><b>www.mastercard.com</b></a>,<b>&nbsp;</b>is a technology company in the global payments industry. We operate&nbsp;the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard’s products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter <a href="https://twitter.com/#!/MasterCardNews" target="_blank"><b>@MasterCardNews</b></a><b>,&nbsp;</b>join the discussion on the&nbsp;<a href="http://newsroom.mastercard.com/blog/" target="_blank"><b>Cashless Conversations Blog</b></a>&nbsp;and&nbsp;<a href="http://newsroom.mastercard.com/subscribe/" target="_blank"><b>subscribe</b></a>&nbsp;for the latest <a href="http://newsroom.mastercard.com/" target="_blank"><b>news</b></a>.</p> The survey polled consumers on various aspects of financial literacy such as their basic money management skills, investment knowledge and financial planning. It was conducted from 15 March to 27 April 2011 and involved 4,359 consumers from the seven markets.http://www1.mastercard.com/content/intelligence/en/research/press-release/2011/women-trump-men-in-basic-money-management2011-12-01T16:00:00.000Z2011-12-01T16:00:00.000ZWomen’s Socio-economic Advancement Shows Steady Increase in 11 of 14 Asia/Pacific Markets According to Latest MasterCard Index Vani Viswanathan, Nabila AdnanBusiness ownership shows room for growth<p>Female business ownership in Asia still has a long way to go. Twelve of the 14 markets included in the research had fewer than 50 female business owners for every 100 male business owners.</p> <p>Australia (63.3) and India (61.1) scored high in this category, while Japan (28.7), Hong Kong (30) and Taiwan (30.2) had less women for every 100 men owning businesses in their country.&nbsp;</p> <p></p> Philippines most encouraging for women business/government leaders<p>Few markets were encouraging to women business and government leaders, with only six markets having at least 50 women business/government leaders for every 100 male business/government leaders.</p> <p>Across the 14 Asia/Pacific markets, Philippines was the only market that had achieved gender parity in business or government leadership. New Zealand (76.6), Australia (74.1) and Singapore (67.0) also had a reasonably high proportion of women to men in business/government leadership positions, while Japan (14.6), Korea (18.9) and China (24.1) scored especially low in this category.&nbsp;</p> <p></p> Healthy workforce participation and regular employment opportunities<p>Workforce participation rates for women were healthy across most markets, with nine markets averaging over 70 women for every 100 men in the workforce. India ranked poorly in this category, with only 40 women in the workforce for every 100 men, as did Malaysia (56.6), Indonesia (60.6) and Philippines (63.3).</p> <p>Ten of the 14 markets included in the research offered equal opportunity in regular employment for men and women. The exceptions were India, where women have the lowest regular employment opportunities to men (63.4) of the Asia/Pacific markets, followed by Vietnam (71.9), China (82.7) and Indonesia (88.8).&nbsp;</p> <p></p> Women well represented in tertiary institutions <p>Enrollment rates for women in tertiary institutions are on par with men across most Asia/Pacific markets, with the exception of Japan (89.6), Korea (72.2) and India (72.1).</p> <p>In fact, in many markets, women are better represented in tertiary institutions than their male counterparts. This is the case in New Zealand (143.2), Malaysia (136.2), Australia (130.1), Thailand (125.8), Philippines (120.8), China (116.1), Vietnam (109.9), Taiwan (106.1), Hong Kong (105.1).</p> <p>Georgette Tan, vice president, Communications, Asia/Pacific, Middle East &amp; Africa, said: “The research paints a very interesting picture of the socio-economic status of women across Asia/Pacific. Overall, it is good to see that the scores have been rising for women in many markets across the region, showing that they are receiving the opportunities to advance themselves.</p> <p>“While women in many markets have equal access to job opportunities and tertiary education, this is not the case when it comes to top positions in government or business, and few of them are business owners themselves. This indicates that culture still plays a massive role in offering women the environment and opportunities to break the glass ceiling and rise to leadership positions.</p> <p>“That being said, we have come a long way by giving women access to education and regular employment opportunities, which are essential building blocks to further empowerment, financial independence and leadership.”</p> <table width="649" cellspacing="0" cellpadding="0" border="1"> <tbody><tr><th class="table-description" colspan="7"><b>MasterCard Worldwide Index of Women’s Advancement</b></th> </tr><tr><th class="table-description" rowspan="2"><b>Market</b></th> <th class="table-description" rowspan="2"><b>Overall</b> <b>Score</b></th> <th class="table-description" colspan="5"><b>Five Indicator Scores</b></th> </tr><tr><th class="table-description"><b>Tertiary Education</b></th> <th class="table-description"><b>Business Owners</b></th> <th class="table-description"><b>Business &amp; Government Leaders</b></th> <th class="table-description"><b>Workforce Participation</b></th> <th class="table-description"><b>Regular Employment Opportunities</b></th> </tr><tr><td>Australia</td> <td>83.8</td> <td>130.1</td> <td>63.3</td> <td>74.1</td> <td>81.4</td> <td>105.5</td> </tr><tr><td>Philippines</td> <td>81.5</td> <td>120.8</td> <td>47.4</td> <td>187.8</td> <td>63.3</td> <td>96.8</td> </tr><tr><td>New Zealand</td> <td>81.0</td> <td>143.2</td> <td>46.3</td> <td>76.6</td> <td>82.1</td> <td>109.6</td> </tr><tr><td>Singapore</td> <td>76.8</td> <td>97.2</td> <td>48.3</td> <td>67.0</td> <td>71.7</td> <td>109.9</td> </tr><tr><td>Hong Kong</td> <td>71.2</td> <td>105.1</td> <td>30.0</td> <td>49.5</td> <td>76.6</td> <td>110.1</td> </tr><tr><td>Thailand</td> <td>70.0</td> <td>125.8</td> <td>35.3</td> <td>36.3</td> <td>81.3</td> <td>97.0</td> </tr><tr><td>Malaysia</td> <td>69.8</td> <td>136.2</td> <td>33.7</td> <td>58.9</td> <td>56.6</td> <td>111.4</td> </tr><tr><td>Taiwan</td> <td>68.5</td> <td>106.1</td> <td>30.2</td> <td>33.6</td> <td>78.7</td> <td>109.3</td> </tr><tr><td>Indonesia</td> <td>67.0</td> <td>99.3</td> <td>40.7</td> <td>45.5</td> <td>60.6</td> <td>88.8</td> </tr><tr><td>China</td> <td>66.7</td> <td>116.1</td> <td>42.6</td> <td>24.1</td> <td>84.2</td> <td>82.7</td> </tr><tr><td>Vietnam</td> <td>66.1</td> <td>109.9</td> <td>35.0</td> <td>34.3</td> <td>89.3</td> <td>71.9</td> </tr><tr><td>Korea</td> <td>60.9</td> <td>72.2</td> <td>43.3</td> <td>18.9</td> <td>69.9</td> <td>103.8</td> </tr><tr><td>Japan</td> <td>60.1</td> <td>89.6</td> <td>28.7</td> <td>14.6</td> <td>67.4</td> <td>102.3</td> </tr><tr><td>India</td> <td>59.6</td> <td>72.1</td> <td>61.1</td> <td>61.1</td> <td>40.4</td> <td>63.4</td> </tr></tbody></table> <p><i>The scores above show the proportion of women to every 100 men for each category. Scores of over 100 are truncated to 100 when the overall Index score is derived, so as to ensure one component does not skew the overall Index score.</i></p> <p><i></i>The full set of results on the MasterCard Worldwide Index of Women’s Advancement can be found at <a target="_blank" href="http://www.slideshare.net/MasterCardNews"><b>http://www.slideshare.net/MasterCardNews</b></a></p> <p></p> MasterCard and Women <p>MasterCard is committed to empowering women through its corporate social responsibility platform (CSR) in Asia/Pacific, Middle East and Africa which is focused primarily on bettering the quality of life for women and children. MasterCard does this by supporting a broad range of women’s and children’s causes through scholarships, financial assistance, educational programs and various sustainability programs, helping provide them with the skills required to stand on their own feet and support themselves and their families.</p> <p>MasterCard has also devoted extensive resources to developing a deeper understanding of the women's segment in Asia/Pacific, Middle East and Africa. It regularly releases consumer insights and trend research on women. These can be accessed at its online repository of proprietary research <a href="http://www.masterintelligence.com/"><b>www.masterintelligence.com</b></a></p> <p></p> About MasterCard Worldwide<p><a href="http://www.mastercard.com/index.html" target="_blank"><b>MasterCard</b></a>&nbsp;(NYSE: MA),&nbsp;<a href="http://www.mastercard.com/" target="_blank"><b>www.mastercard.com</b></a>,<b>&nbsp;</b>is a technology company in the global payments industry. We operate&nbsp;the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard’s products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter <a href="https://twitter.com/#!/MasterCardNews" target="_blank"><b>@MasterCardNews</b></a><b>,&nbsp;</b>join the discussion on the&nbsp;<a href="http://newsroom.mastercard.com/blog/" target="_blank"><b>Cashless Conversations Blog</b></a>&nbsp;and&nbsp;<a href="http://newsroom.mastercard.com/subscribe/" target="_blank"><b>subscribe</b></a>&nbsp;for the latest <a href="http://newsroom.mastercard.com/" target="_blank"><b>news</b></a>.</p> The MasterCard Worldwide Index of Women’s Advancement measures the socioeconomic standing of women across Asia/Pacific, Middle East and Africa. http://www1.mastercard.com/content/intelligence/en/research/press-release/2011/women-socio-economic-advancement-shows-steady-increase-in-11-out-of-14--asia-pacific-markets2011-03-07T16:00:00.000Z2011-03-07T16:00:00.000ZSpending Powerhouse Sydney Sixth in Global Index Georgette TanSydney – Key Spending Destination<p>Australian holiday hotspot, Sydney, did not feature in the top twenty for visitor arrivals, but ranked highly on visitor expenditure, ranking sixth in the Index with international visitors expected to spend US$13.8 billion (A$14.05 billion)<sup>[1]</sup>&nbsp;in the city in 2011.</p> <p>MasterCard Australia Country Manager, Andrew Cartwright said, &quot;Analysts and business owners in Australia have expressed concern over recent months about the impact that the continued strength of the Australian Dollar will have on visitors looking to travel to our shores, but it is heartening to see that, not only are our cities as popular as ever, visitors plan to spend more when they get here.</p> <p>&quot;What is really encouraging for our travel and tourism sector is that Sydney performs particularly well globally in terms of international visitor expenditure, coming in ahead of renowned shopping and entertainment destinations Los Angeles, Madrid and Singapore.”</p> <p></p> Australia – Top ten internationally for visitor expenditure growth<p>The Index also looked at the growth rates of visitor expenditure in destination cities and found Melbourne, which ranks lower than Sydney in terms of overall visitor expenditure, ranked eighth in the world for predicted growth, with visitor spending expected to grow by 19% this year (see table 1).</p> <p>&quot;Melbourne is proving itself as a future hotspot for international travellers with growth in visitor expenditure expected to be almost one fifth higher this year than it was for the same period in 2010. The real winners will be the businesses that seize the opportunity this presents and prepare themselves for the expected growth in spending over the next twelve months.”</p> <p>Andrew Cartwright adds: &quot;These results should ease some concerns by those polled in the recent Tourism and Transport Forum/MasterCard survey which found that the Australian travel industry were concerned by the continued dominance of the Dollar and the detrimental impact it could have on inbound travel to Australia.</p> <p>Placing these Australian results in a global context, the research showed that last year across all 132 cities, cross border spending and outbound departures were up significantly – with growth of 14.6% and 9.2% respectively, well surpassing world GDP figures.</p> <p>In 2011 some destination cities are expecting visitor expenditure growth to increase up to 30% and visitor arrivals up 24%.</p> <p>&quot;Until now there has been little analysis of the impact that travel and cross border expenditure between cities has on the economies of prospering markets and historically more developed nations. The Index offers an analysis of the powerful financial flows between existing commercial powerhouses and the emerging markets, and provides a revealing insight into how these relationships may develop in the future,” said Mr. Cartwright.</p> <p></p> Asia/Pacific Performance <p>Within the Asia/Pacific region Sydney again features predominantly in terms of visitor expenditure, ranking second only to Bangkok (US$14.4 billion). The other Australian city included in the Index, Melbourne, ranks eighth ahead of regional business hubs Kuala Lumpur (US$6 billion) and Shanghai (US$6 billion).</p> <p>In terms of growth rates of visitor expenditures in the Asia/Pacific region, both Australian cities feature in the top ten, with Sydney in tenth position at 12.1% and Melbourne in seventh position at 19% (table 2).</p> <p>&quot;As the global economic centre continues to shift and with visitor arrivals and expenditure on arrival continuing to increase, the Asia/Pacific region is continuing to emerge as an integral area for the future of global commerce,” said Mr. Cartwright.</p> <p></p> Additional Global Highlights<p><b><u>London tops Index with over 20 million inbound travellers</u></b><br> Overall London topped the Index with 20.1 million inbound passengers expected in 2011, due to Heathrow’s role as a key international airport and transfer hub and the low interest rates which are attracting tourists and encouraging businesses to invest in the city. Paris is second with 18.1 million, followed by Bangkok, Singapore and Hong Kong.</p> <p><b><u>London ranks first on cross-border expenditure</u></b><br> New York is in second place with Paris in third. Estimated expenditures in these cities for 2011 amounted to US$25.6 billion, US$20.3 billion and US$14.6 billion respectively. Bangkok ranks fourth with visitor expenditures estimated at US$14.4 billion, followed by Frankfurt in fifth rank with US$14 billion.</p> <p></p> Table 1: Top 10 Destination Cities by International Visitor Expenditure in 2011<table border="1" cellspacing="0" cellpadding="0" width="580"> <tbody><tr><th class="table-description"><b>Destination Cities</b></th> <th class="table-description"><b>2011 Rank</b></th> <th class="table-description"><b>2011 Visitor Expenditure</b></th> </tr><tr><td>London</td> <td>1</td> <td>US$25.6 billion,</td> </tr><tr><td>New York</td> <td>2</td> <td>US$20.3 billion</td> </tr><tr><td>Paris</td> <td>3</td> <td>US$14.6 billion,</td> </tr><tr><td>Bangkok</td> <td>4</td> <td>US$14.4 billion,</td> </tr><tr><td>Frankfurt</td> <td>5</td> <td>US$14 billion</td> </tr><tr><td>Sydney</td> <td>6</td> <td>US$13.8 billion</td> </tr><tr><td>Los Angeles</td> <td>7</td> <td>US$12.5 billion</td> </tr><tr><td>Madrid</td> <td>8</td> <td>US$11.8 billion</td> </tr><tr><td>Singapore</td> <td>9</td> <td>US$10.8 billion</td> </tr><tr><td>Hong Kong</td> <td>10</td> <td>US$10.4 billion</td> </tr></tbody></table> Table 2: Growth Rates of Visitor Expenditures in Top 10 Destination Cities in Asia/Pacific in 2011<table border="1" cellspacing="0" cellpadding="0" width="580"> <tbody><tr><th class="table-description"><b>Destination Cities</b></th> <th class="table-description"><b>2011 Rank</b></th> <th class="table-description"><b>2010 to 2011 Growth Rate</b></th> </tr><tr><td>Kuala Lumpur</td> <td>9</td> <td>31.0%</td> </tr><tr><td>Shanghai</td> <td>10</td> <td>24.3%</td> </tr><tr><td>Singapore</td> <td>3</td> <td>23.9%</td> </tr><tr><td>Hong Kong</td> <td>4</td> <td>23.6%</td> </tr><tr><td>Tokyo</td> <td>6</td> <td>20.8%</td> </tr><tr><td>Taipei</td> <td>7</td> <td>20.3%</td> </tr><tr><td>Melbourne</td> <td>8</td> <td>19.0%</td> </tr><tr><td>Seoul</td> <td>5</td> <td>18.6%</td> </tr><tr><td>Bangkok</td> <td>1</td> <td>18.6%</td> </tr><tr><td>Sydney</td> <td>2</td> <td>12.1%</td> </tr></tbody></table> Methodology<p>The MasterCard Worldwide Index of Global Destination Cities is compiled using international flight and flight capacity information purchased from OAG Global, a provider of international aviation data. Flight schedules are also used for calculating flight frequency between pairs of cities. Airlines also publish on a regular basis their historical load factor, and advance flight schedules, which are then used to estimate the actual outbound passenger departures, and for forecasting outbound passenger departures in the coming year.</p> <p>For every city pair, data from the UN World Tourism Organization that document on an annual basis total numbers of outbound air passengers that travel between the two respective countries are used to create a &quot;ratio” of outbound versus inbound air passengers between two countries.</p> <p>A margin of error is unavoidable in this calculation as not every outbound passenger would return as in the case of immigration, and not all return in the same year.</p> <p>On a country level, the UN Database of &quot;Trade in Service” in the &quot;Travel Component” provides estimates of how much each year residents spend abroad (air fare paid in home country not included). An algorithm is applied to this total outbound expenditure and estimated total number of outbound passengers to derive an estimate of average per outbound passenger’s expenditure overseas.</p> <p>A margin of error is also unavoidable in such estimates, as not all outbound trips are of equal length, and the cost of living varies a great deal between arrival cities such that even if each trip of equal length, expenditure per passenger between different arrival cities would still be very different.</p> <p>This margin of error is reduced significantly by imposing a minimum of expenditures in the algorithm, after a number of iterative testing (US$500 per trip for bordering arrival country and US$700 per trip for non-bordering arrival country).</p> <p></p> About MasterCard Worldwide<p><a href="http://www.mastercard.com/index.html" target="_blank"><b>MasterCard</b></a>&nbsp;(NYSE: MA),&nbsp;<a href="http://www.mastercard.com/" target="_blank"><b>www.mastercard.com</b></a>,<b>&nbsp;</b>is a technology company in the global payments industry. We operate&nbsp;the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard’s products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter <a href="https://twitter.com/#!/MasterCardNews" target="_blank"><b>@MasterCardNews</b></a><b>,&nbsp;</b>join the discussion on the&nbsp;<a href="http://newsroom.mastercard.com/blog/" target="_blank"><b>Cashless Conversations Blog</b></a>&nbsp;and&nbsp;<a href="http://newsroom.mastercard.com/subscribe/" target="_blank"><b>subscribe</b></a>&nbsp;for the latest <a href="http://newsroom.mastercard.com/" target="_blank"><b>news</b></a>.</p> This is the inaugural edition of the MasterCard Global Destination Cities Index, which is used as a barometer for understanding the global economy and the dynamic flow of commerce across the world.http://www1.mastercard.com/content/intelligence/en/research/press-release/2011/spening-powerhouse-sydney-sixth-in-global-index2011-06-01T16:00:00.000Z2011-06-01T16:00:00.000ZConsumer Confidence Significantly Down in 2011 Julia RoganNatural Disasters and Wider Economic Trends Impact Consumer Perceptions <p><b><i>Sydney, 4 July 2011 </i></b>– The <i>MasterCard Worldwide Index of Consumer Confidence </i>which depicts consumer confidence in Australia reveals overall optimism has fallen considerably since March 2010, from 74.1 points to 63.1 points in March 2011.</p> <p>The <i>MasterCard Worldwide Index of Consumer Confidence </i>is conducted annually, with the latest research undertaken in March and April, prior to the release of the Australian Economy performance statistics for the first three months of the year.&nbsp; <i>The Index and its accompanying reports do not represent MasterCard financial performance.</i></p> <p><i></i>MasterCard Australia Country Manager, Andrew Cartwright said: “As the March ABS retail statistics indicate<sup>[<a href="#1">1</a>]</sup>, households are keeping their wallets closed and are adopting a ‘wait and see’ approach, in particular keeping a close eye on RBA rate announcements, before making large scale purchases. This behaviour is mirrored through the slight softening of the growth of credit cards purchases, yet continued double digit growth in debit card usage where consumers are using their own funds.<sup>[<a href="#2">2</a>]</sup>”</p> <p>Australians are more pessimistic across two of the key metrics of consumer confidence – with notable drops from 66.7 points to 61.8 points for confidence in the economy, and 70.7 to 65.9 points for confidence in employment in the last six months.</p> <p>The research also demonstrates that opinion over the fate of the economy is divided. Whilst one in five (19%) consumers were ahead of the market in stating that Australia’s economic performance would slow down in the first six months of 2011, half (50%) thought it would remain the same and a third (31%) thought it would improve.</p> <p>Andrew Cartwright added: “Australian consumers are clearly concerned about how changes in economic trends and the subsequent impact the growth and contraction of the market will have on their pockets. It is no surprise that recent disasters including the Queensland floods and Cyclone Yasi have had an impact on consumer confidence. Australians have simply tailored their spending and saving accordingly.”</p> <p>Generational and gender differences also impact consumer optimism scores. Respondents aged 30 and under have an average Index score of 73.1 compared to a far lower Index score of 51.8 for the older generations. The difference between men and women is also notable – with an average Index score of 67.3 for men compared with 58.3 for women.</p> <p>“Australians moving into their retirement years are understandably concerned with their financial future and the impact interest rate shifts will have on their nest eggs, which means they are more cautious with their money,” said Mr Cartwright.</p> <p>Now in its 19<sup>th</sup> year, the <i>MasterCard Worldwide Index of Consumer Confidence</i> is Australia’s most comprehensive and longest running consumer confidence survey. The latest survey was conducted from March to April 2011 and involved 647 consumers within the Australian market.</p> <p>The Index is based on a survey that measures consumer confidence on five economic indicators: Economy, Employment, Stock Market, Regular Income and Quality of Life. The Index score is calculated with zero as the most pessimistic, 100 as most optimistic and 50 as neutral.</p> <p>For the full report go to: <a href="http://www.masterintelligence.com/"><b>www.masterintelligence.com</b></a></p> <p><i><a name="1"></a>[1] March key figures from the Australian Bureau of Statistics, <a href="http://abs.gov.au/AUSSTATS/abs@.nsf/allprimarymainfeatures/E69B37031D9359FFCA2578A200147AD4?opendocument" target="_blank"><b>http://abs.gov.au/AUSSTATS/abs@.nsf/allprimarymainfeatures/E69B37031D9359FFCA2578A200147AD4?opendocument</b></a></i></p> <p></p> <p></p> <p><i><a name="2"></a>[2] March key figures from the monthly Reserve Bank Bulletin&nbsp;<b><a href="http://www.rba.gov.au/statistics/tables/index.html#money_credit" target="_blank">http://www.rba.gov.au/statistics/tables/index.html#money_cred</a></b><a href="http://www.rba.gov.au/statistics/tables/index.html#money_credit" target="_blank"><b>it</b></a></i></p> <p></p> <p></p> <p></p> <p></p> MasterCard Research <p>The MasterCard Worldwide Index suite in Asia/Pacific, Middle East and Africa includes the long-running MasterCard Worldwide Index of Consumer Confidence, as well as the&nbsp;MasterCard Worldwide Index of Women’s Advancement, Online Shopping,&nbsp;Index of Financial Literacy, and the&nbsp;<a href="http://newsroom.mastercard.com/digital-press-kits/mastercard-global-destination-cities-index-2013/" target="_blank"><b>Index of Global Destination Cities</b></a>. In addition to the Indices, MasterCard’s research properties also include a range of consumer surveys including Ethical Spending&nbsp;and a series on&nbsp;Consumer Purchasing Priorities&nbsp;(covering&nbsp;Travel,&nbsp;Dining &amp; Entertainment, Education,&nbsp;Money Management,&nbsp;Luxury&nbsp;and General Shopping).</p> <p>MasterCard also regularly releases Insights reports providing analysis of business dynamics, financial policies and regulatory activities in the Asia/Pacific, Middle East and Africa region. Over 80 Insights reports have been produced since 2004.</p> <p>MasterCard has also released a series of four books on Asian consumer insights, authored by&nbsp;<a href="http://newsroom.mastercard.com/people/dyuwa/" target="_blank"><b>Dr. Yuwa Hedrick-Wong</b></a>, Global Economic Advisor for MasterCard Worldwide and published by John Wiley &amp; Sons.</p> About MasterCard Worldwide<p><a href="http://www.mastercard.com/index.html" target="_blank"><b>MasterCard</b></a>&nbsp;(NYSE: MA),&nbsp;<a href="http://www.mastercard.com/" target="_blank"><b>www.mastercard.com</b></a>,<b>&nbsp;</b>is a technology company in the global payments industry. We operate&nbsp;the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard’s products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter <a href="https://twitter.com/#!/MasterCardNews" target="_blank"><b>@MasterCardNews</b></a><b>,&nbsp;</b>join the discussion on the&nbsp;<a href="http://newsroom.mastercard.com/blog/" target="_blank"><b>Cashless Conversations Blog</b></a>&nbsp;and&nbsp;<a href="http://newsroom.mastercard.com/subscribe/" target="_blank"><b>subscribe</b></a>&nbsp;for the latest <a href="http://newsroom.mastercard.com/" target="_blank"><b>news</b></a>.</p> Launched in 1993, the MasterCard Index of Consumer Confidence has proven to be an excellent barometer of general consumer pulse in Asia/Pacific. The twice annual survey analyzes prevailing consumer perceptions of economic conditions for the next six-months.http://www1.mastercard.com/content/intelligence/en/research/press-release/2011/consumer-confidence-significantl-down-in-20112011-07-03T16:00:00.000Z2011-07-03T16:00:00.000ZConsumer Confidence Wanes in Hong Kong: MasterCard Survey Catherine Yuen, Gloria Lai Local consumers less optimistic in Economy, Employment, and Regular Income; with a gloomy outlook towards Quality of Life<p><b><i>Hong Kong, July 19 2011 </i></b>– Consumer confidence in Hong Kong has dipped over the last six months, according to the latest MasterCard Worldwide Index<sup>TM</sup> of Consumer Confidence, released today. Though consumers remain cautiously optimistic with an overall Index score of 69.9, the latest Index score for Hong Kong is lower than previous surveys conducted six months (74.7) and a year ago (76.6) respectively.</p> <p>Hong Kong respondents feel less optimistic in their expectations of the Economy (69.4 vs. 77.9 six months ago), Employment (71.5 vs. 80.4) and Regular Income (81.4 vs. 83.2). Their confidence in Quality of Life even fell from a positive 57.7 in the previous six months to a pessimistic 49.9.&nbsp; However, they seem more confident in the Stock Market as it is the only indicator that increased slightly (77.6 vs. 74.1).</p> <p>Amongst the Hong Kong respondents, those under the age of 30 are more optimistic than their older counterparts (71.2 for those below 30 vs. 68.9 for those above 30). These results mark a dramatic reversal compared to six months ago when the consumer sentiment of those aged 30 and above was more positive than those who were younger (75.9 vs. 71.4).</p> <p>Now in its 19<sup>th</sup> year, the MasterCard Worldwide Index of Consumer Confidence is the region’s most comprehensive and longest running consumer confidence survey. The Index is based on a survey which measures consumer confidence on prevailing expectations in the market for the next six months based on five economic indicators: Economy, Employment, Stock Market, Regular Income and Quality of Life. The Index score is calculated with zero as the most pessimistic, 100 as most optimistic and 50 as neutral.</p> <p>The latest survey was conducted from 15 March to 27 April 2011 and involved 10,374 consumers from 14 markets. Data collection was via internet surveys, personal, telephone and Computer Aided Telephone interviews, with the questionnaire translated to the local language wherever appropriate and necessary. <i>The Index and its accompanying reports do not represent MasterCard financial performance.</i></p> <p><i></i>“Though Hong Kong records a decline in optimism, consumer attitudes remain positive. There is clearly a perception that the recovery from the financial crisis is not going as smoothly as people would like,” said Jeroen van Son, Head of Hong Kong and Macau, MasterCard Worldwide.</p> <p>“Local consumers are still wary in their outlook for the months ahead due to the uncertainties caused by issues such as rising commodity and property prices, natural disasters and political instability in other markets and ongoing financial uncertainty across the Eurozone. Nevertheless, it is encouraging to see that consumer perceptions across most of the indicators continue to be optimistic.”</p> <p>In Asia/Pacific, consumers are concerned at the slow pace of the global economic recovery with a dip in optimism recorded over the last six months (61.5 vs. 68.0). Ten out of the 14 Asia/Pacific markets, such as China, Hong Kong and Singapore, recorded an overall decline in consumer confidence. Japan and New Zealand, both still recovering from devastating earthquakes this year, were the least confident nations. Taiwan is one of only four markets that saw consumer sentiment moved upwards. &nbsp;</p> <table width="571" cellspacing="0" cellpadding="0" border="0"> <tbody><tr><th class="table-description"><b>MARKETS</b></th> <th class="table-description"><b>2H2011</b></th> <th class="table-description"><b>1H2011</b></th> <th class="table-description"><b>2H 2010</b></th> <th class="table-description"><b>1H 2010</b></th> <th class="table-description"><b>2H 2009</b></th> </tr><tr><td>Australia</td> <td>63.1</td> <td>63.0</td> <td>74.1</td> <td>69.5</td> <td>24.1</td> </tr><tr><td>China</td> <td>78.3</td> <td>79.4</td> <td>83.0</td> <td>85.3</td> <td>60.8</td> </tr><tr><td>Hong Kong</td> <td>69.9</td> <td>74.7</td> <td>76.6</td> <td>60.0</td> <td>24.7</td> </tr><tr><td>India</td> <td>75.2</td> <td>73.0</td> <td>68.2</td> <td>68.8</td> <td>68.0</td> </tr><tr><td>Indonesia</td> <td>58.0</td> <td>56.1</td> <td>61.4</td> <td>67.0</td> <td>49.2</td> </tr><tr><td>Japan</td> <td>15.9</td> <td>20.2</td> <td>27.8</td> <td>24.4</td> <td>21.5</td> </tr><tr><td>South Korea</td> <td>51.8</td> <td>55.7</td> <td>54.1</td> <td>59.8</td> <td>28.8</td> </tr><tr><td>Malaysia</td> <td>64.9</td> <td>66.2</td> <td>67.9</td> <td>66.3</td> <td>27.8</td> </tr><tr><td>New Zealand</td> <td>42.2</td> <td>53.3</td> <td>65.9</td> <td>69.7</td> <td>21.5</td> </tr><tr><td>Philippines</td> <td>53.6</td> <td>80.1</td> <td>59.3</td> <td>49.7</td> <td>40.5</td> </tr><tr><td>Singapore</td> <td>77.9</td> <td>86.1</td> <td>86.6</td> <td>79.4</td> <td>31.2</td> </tr><tr><td>Taiwan</td> <td>67.6</td> <td>62.5</td> <td>65.7</td> <td>56.5</td> <td>39.4</td> </tr><tr><td>Thailand</td> <td>46.1</td> <td>57.3</td> <td>50.6</td> <td>55.3</td> <td>23.0</td> </tr><tr><td>Vietnam</td> <td>77.1</td> <td>90.3</td> <td>93.7</td> <td>90.0&nbsp;<br> </td> <td>60.9</td> </tr><tr><td>Total Asia/Pacific</td> <td>61.5</td> <td>68.0</td> <td>69.1</td> <td>66.3</td> <td>38.7</td> </tr></tbody></table> About the MasterCard Worldwide Index™ of Consumer Confidence<p>The MasterCard Worldwide Index™ of Consumer Confidence survey has a 19-year track record of consumer confidence indices collected from over 200,000 interviews, unequalled both in scope and history across Asia/Pacific.</p> <p>The MasterCard Worldwide Index of Consumer Confidence is the most comprehensive and longest running survey of its kind in the region.&nbsp; In June 1997, the Index revealed a decline in consumer confidence – one month prior to the devaluation of the Thai baht that triggered the regional economic crisis. In June 2003, the Index score for Employment in Hong Kong dropped to a low of 20.0. This was subsequently reflected in Hong Kong’s unemployment rate, which peaked just before September 2003 at eight percent.</p> <p>The survey comprising the Asia/Pacific markets began in the first half of 1993 and has been conducted twice yearly since. Markets from the Middle East and Africa were included in the Index from 2004. Twenty five markets now participate in the survey: Australia, China, Egypt, Hong Kong, India, Indonesia, Japan, Kenya, Kuwait, Lebanon, Malaysia, Morocco, New Zealand, Nigeria, Oman, Philippines, Qatar, Saudi Arabia, South Korea, South Africa, Singapore, Taiwan, Thailand, United Arab Emirates and Vietnam. The last MasterCard Worldwide Index of Consumer Confidence survey was conducted from 15 March to 27 April 2011. A total of 17,620 qualified respondents were surveyed in the 25 markets with the sample being representative of the middle and upper income groups in each market.&nbsp; In each market except China and India, 400 or more people were surveyed.&nbsp; A minimum sample size of 800 was collected from China and India.</p> <p>The Index is calculated based with zero as the most pessimistic, 100 as most optimistic and 50 as neutral.&nbsp; Five economic factors are measured: Employment, the Economy, Regular Income, Stock Market and Quality of Life. The responses are consumers' thoughts on the six months ahead. Data collection was via internet surveys, personal, telephone and Computer Aided Telephone interviews, with the questionnaire translated to the local language wherever appropriate and necessary.&nbsp; The survey has a margin of sampling error of plus or minus four percentage points at the 90 percent confidence level, except China and India where because of the larger sample, the margin of sampling error is plus or minus three percentage points.</p> <p><b>&nbsp;</b></p> <p></p> MasterCard and its Suite of Research Properties<p>The MasterCard Worldwide Index suite in Asia/Pacific, Middle East and Africa includes the long-running MasterCard Worldwide Index of Consumer Confidence, as well as the&nbsp;MasterCard Worldwide Index of Women’s Advancement, Online Shopping,&nbsp;Index of Financial Literacy, and the&nbsp;<a href="http://newsroom.mastercard.com/digital-press-kits/mastercard-global-destination-cities-index-2013/" target="_blank"><b>Index of Global Destination Cities</b></a>. In addition to the Indices, MasterCard’s research properties also include a range of consumer surveys including Ethical Spending&nbsp;and a series on&nbsp;Consumer Purchasing Priorities&nbsp;(covering&nbsp;Travel,&nbsp;Dining &amp; Entertainment, Education,&nbsp;Money Management,&nbsp;Luxury&nbsp;and General Shopping).</p> <p>MasterCard also regularly releases Insights reports providing analysis of business dynamics, financial policies and regulatory activities in the Asia/Pacific, Middle East and Africa region. Over 80 Insights reports have been produced since 2004.</p> <p>MasterCard has also released a series of four books on Asian consumer insights, authored by&nbsp;<a href="http://newsroom.mastercard.com/people/dyuwa/" target="_blank"><b>Dr. Yuwa Hedrick-Wong</b></a>, Global Economic Advisor for MasterCard Worldwide and published by John Wiley &amp; Sons.</p> About MasterCard Worldwide<p><a href="http://www.mastercard.com/index.html" target="_blank"><b>MasterCard</b></a>&nbsp;(NYSE: MA),&nbsp;<a href="http://www.mastercard.com/" target="_blank"><b>www.mastercard.com</b></a>,<b>&nbsp;</b>is a technology company in the global payments industry. We operate&nbsp;the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard’s products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter <a href="https://twitter.com/#!/MasterCardNews" target="_blank"><b>@MasterCardNews</b></a><b>,&nbsp;</b>join the discussion on the&nbsp;<a href="http://newsroom.mastercard.com/blog/" target="_blank"><b>Cashless Conversations Blog</b></a>&nbsp;and&nbsp;<a href="http://newsroom.mastercard.com/subscribe/" target="_blank"><b>subscribe</b></a>&nbsp;for the latest <a href="http://newsroom.mastercard.com/" target="_blank"><b>news</b></a>.</p> Launched in 1993, the MasterCard Index of Consumer Confidence has proven to be an excellent barometer of general consumer pulse in Asia/Pacific. The twice annual survey analyzes prevailing consumer perceptions of economic conditions for the next six-months.http://www1.mastercard.com/content/intelligence/en/research/press-release/2011/consumer-confidence-wanes-in-hongkong2011-07-18T16:00:00.000Z2011-07-18T16:00:00.000ZConsumer Confidence in India at the Highest Level since 2008: MasterCard Index Manibalan ManoharanChennai and Bangalore Continue to Display High Levels Of Consumer Optimism in India<p><b><i>Mumbai, September 13 2011 </i></b>– Consumer confidence in India has risen to the highest level since H2 2008 according to the latest MasterCard Worldwide Index<sup>TM</sup> of Consumer Confidence. However, consumers across Asia/Pacific displayed concern at the slow pace of the global economic recovery with a dip in optimism recorded over the last six months.</p> <p>As the global economy continues its slow recovery, 11 out of the 14 Asia/Pacific markets<sup>[<a href="#1">1</a>]</sup> polled for the Index recorded positive consumer sentiment with stable optimism recorded in emerging and established markets including China (78.3), Singapore (77.9), Vietnam (77.1), India (75.2), Hong Kong (69.9), Taiwan (67.6), Malaysia (64.9) and Australia (63.1).</p> <p>However, 10 out of the 14 Asia/Pacific markets experienced an overall decline in consumer confidence when compared to the previous six months, with three markets - Thailand (46.1), New Zealand (42.2) and Japan (15.9) - showing widespread pessimism across the five key indicators. Overall Asia/ Pacific recorded a drop in consumer confidence from 68.0 to 61.5.</p> <p>Consumers in India are slightly more optimistic than they were six months ago (73.0) and a year ago (68.2). Indian consumers are optimistic across most of the key indicators with Quality of Life up from 71.3 six months ago to 77.4, Regular Income up from 75.4 to 82.0, the Economy up from 72.2 to 73.3 and Employment up from 70.8 to 72.7. However, they displayed less optimism about the Stock Market indicator than six months ago (75.1 vs. 70.8).</p> <p>Amongst the Indian cities, Chennai and Bangalore continue to display highest levels of consumer optimism with scores of 87.4 and 82.9 respectively. However, there is a minor dip in the levels of optimism as compared to previous round (90.7 and 85.6 respectively). Consumers in Mumbai have maintained healthy optimism with an improvement in index scores (82.8 vs. 76.6). Consumers in Delhi are less pessimistic about the upcoming six months with a score of 46.1 vs 38.0 six months ago.</p> <p>Now in its 19<sup>th</sup> year, the MasterCard Worldwide Index of Consumer Confidence is the region’s most comprehensive and longest running consumer confidence survey. The Index is based on a survey which measures consumer confidence on prevailing expectations in the market for the next six months based on five economic indicators: Economy, Employment, Stock Market, Regular Income and Quality of Life. The Index score is calculated with zero as the most pessimistic, 100 as most optimistic and 50 as neutral.</p> <p>The latest survey was conducted from 15 March to 27 April 2011 and involved 10,374 consumers from 14 markets. Data collection was via internet surveys, personal, telephone and Computer Aided Telephone interviews, with the questionnaire translated to the local language wherever appropriate and necessary. <i>The Index and its accompanying reports do not represent MasterCard financial performance.</i></p> <p><i></i>“Consumers across India are confident on most of the critical parameters of the MasterCard Index. However, they are becoming more cautious about the stock market, which is consistent with global trends,” says T.V. Seshadri, general manager and country president, India, MasterCard Worldwide.</p> <p>“The optimism seen in key indicators such as the Economy, Employment and Quality of Life shows that consumers are still generally confident in the Indian growth story,” he added.</p> <p><i><a name="1"></a>[1] Asia/Pacific: Australia, China, Hong Kong, India, Indonesia, Japan, South Korea, Malaysia, New Zealand, Philippines, Singapore, Taiwan, Thailand, and Vietnam&nbsp;</i></p> <p></p> MasterCard Index of Consumer Confidence –2H 2011 - India<table border="0" cellspacing="0" cellpadding="0" width="638"> <tbody><tr><th class="table-description"><b>Cities</b></th> <th class="table-description"><b>MWICC 2H 2011</b></th> <th class="table-description"><b>Employment</b></th> <th class="table-description"><b>Economy</b></th> <th class="table-description"><b>Regular Income</b></th> <th class="table-description"><b>Stock Market</b></th> <th class="table-description"><b>Quality of Life</b></th> </tr><tr><td>Chennai</td> <td>87.4</td> <td>85.1</td> <td>84.0</td> <td>89.7</td> <td>87.7</td> <td>90.5</td> </tr><tr><td>Bangalore</td> <td>82.9</td> <td>90.0</td> <td>88.0</td> <td>92.1</td> <td>57.4</td> <td>86.9</td> </tr><tr><td>Mumbai</td> <td>82.8</td> <td>80.3</td> <td>85.0</td> <td>84.7</td> <td>82.9</td> <td>81.0</td> </tr><tr><td>Delhi</td> <td>46.1</td> <td>35.3</td> <td>38.2</td> <td>58.1</td> <td>56.1</td> <td>43.0</td> </tr></tbody></table> MasterCard Index of Consumer Confidence –APMEA <table border="0" cellspacing="0" cellpadding="0" width="577"> <tbody><tr><th class="table-description"><b>MARKETS</b></th> <th class="table-description"><b>2H2011</b></th> <th class="table-description"><b>1H2011</b></th> <th class="table-description"><b>2H 2010</b></th> <th class="table-description"><b>1H 2010</b></th> <th class="table-description"><b>2H 2009</b></th> </tr><tr><td>Australia</td> <td>63.1</td> <td>63.0</td> <td>74.1</td> <td>69.5</td> <td>24.1</td> </tr><tr><td>China</td> <td>78.3</td> <td>79.4</td> <td>83.0</td> <td>85.3</td> <td>60.8</td> </tr><tr><td>Hong Kong</td> <td>69.9</td> <td>74.7</td> <td>76.6</td> <td>60.0</td> <td>24.7</td> </tr><tr><td>India</td> <td>75.2</td> <td>73.0</td> <td>68.2</td> <td>68.8</td> <td>68.0</td> </tr><tr><td>Indonesia</td> <td>58.0</td> <td>56.1</td> <td>61.4</td> <td>67.0</td> <td>49.2</td> </tr><tr><td>Japan</td> <td>15.9</td> <td>20.2</td> <td>27.8</td> <td>24.4</td> <td>21.5</td> </tr><tr><td>South Korea</td> <td>51.8</td> <td>55.7</td> <td>54.1</td> <td>59.8</td> <td>28.8</td> </tr><tr><td>Malaysia</td> <td>64.9</td> <td>66.2</td> <td>67.9</td> <td>66.3</td> <td>27.8</td> </tr><tr><td>New Zealand</td> <td>42.2</td> <td>53.3</td> <td>65.9</td> <td>69.7</td> <td>21.5</td> </tr><tr><td>Philippines</td> <td>53.6</td> <td>80.1</td> <td>59.3</td> <td>49.7</td> <td>40.5</td> </tr><tr><td>Singapore</td> <td>77.9</td> <td>86.1</td> <td>86.6</td> <td>79.4</td> <td>31.2</td> </tr><tr><td>Taiwan</td> <td>67.6</td> <td>62.5</td> <td>65.7</td> <td>56.5</td> <td>39.4</td> </tr><tr><td>Thailand</td> <td>46.1</td> <td>57.3</td> <td>50.6</td> <td>55.3</td> <td>23.0</td> </tr><tr><td>Vietnam</td> <td>77.1</td> <td>90.3</td> <td>93.7</td> <td>90.0</td> <td>60.9</td> </tr><tr><td>Total Asia/Pacific</td> <td>61.5</td> <td>68.0</td> <td>69.1</td> <td>66.3</td> <td>38.7</td> </tr></tbody></table> About the MasterCard Worldwide Index™ of Consumer Confidence<p>The MasterCard Worldwide Index™ of Consumer Confidence survey has an 19-year track record of consumer confidence indices collected from over 200,000 interviews, unequalled both in scope and history across Asia/Pacific.</p> <p>The MasterCard Worldwide Index of Consumer Confidence is the most comprehensive and longest running survey of its kind in the region. In June 1997, the Index revealed a decline in consumer confidence – one month prior to the devaluation of the Thai baht that triggered the regional economic crisis. In June 2003, the Index score for Employment in Hong Kong dropped to a low of 20.0. This was subsequently reflected in Hong Kong’s unemployment rate, which peaked just before September 2003 at eight percent.</p> <p>The survey comprising the Asia/Pacific markets began in the first half of 1993 and is now conducted annually. Markets from the Middle East and Africa were included in the Index from 2004. Twenty five markets now participate in the survey: Australia, China, Egypt, Hong Kong, India, Indonesia, Japan, Kenya, Kuwait, Lebanon, Malaysia, Morocco, New Zealand, Nigeria, Oman, Philippines, Qatar, Saudi Arabia, South Korea, South Africa, Singapore, Taiwan, Thailand, United Arab Emirates and Vietnam. The last MasterCard Worldwide Index of Consumer Confidence survey was conducted from 15 March to 27 April 2011. A total of 17,620 qualified respondents were surveyed in the 25 markets with the sample being representative of the middle and upper income groups in each market.&nbsp; In each market except China and India, 400 or more people were surveyed.&nbsp; A minimum sample size of 800 was collected from China and India.</p> <p>The Index is calculated based with zero as the most pessimistic, 100 as most optimistic and 50 as neutral.&nbsp; Five economic factors are measured: Employment, the Economy, Regular Income, Stock Market and Quality of Life. The responses are consumers' thoughts on the six months ahead. Data collection was via internet surveys, personal, telephone and Computer Aided Telephone interviews, with the questionnaire translated to the local language wherever appropriate and necessary.&nbsp; The survey has a margin of sampling error of plus or minus four percentage points at the 90 percent confidence level, except China and India where because of the larger sample, the margin of sampling error is plus or minus three percentage points.</p> <p></p> MasterCard and its Suite of Research Properties<p>The MasterCard Worldwide Index suite in Asia/Pacific, Middle East and Africa includes the long-running MasterCard Worldwide Index of Consumer Confidence, as well as the&nbsp;MasterCard Worldwide Index of Women’s Advancement, Online Shopping,&nbsp;Index of Financial Literacy, and the&nbsp;<a href="http://newsroom.mastercard.com/digital-press-kits/mastercard-global-destination-cities-index-2013/" target="_blank"><b>Index of Global Destination Cities</b></a>. In addition to the Indices, MasterCard’s research properties also include a range of consumer surveys including Ethical Spending&nbsp;and a series on&nbsp;Consumer Purchasing Priorities&nbsp;(covering&nbsp;Travel,&nbsp;Dining &amp; Entertainment, Education,&nbsp;Money Management,&nbsp;Luxury&nbsp;and General Shopping).</p> <p>MasterCard also regularly releases Insights reports providing analysis of business dynamics, financial policies and regulatory activities in the Asia/Pacific, Middle East and Africa region. Over 80 Insights reports have been produced since 2004.</p> <p>MasterCard has also released a series of four books on Asian consumer insights, authored by&nbsp;<a href="http://newsroom.mastercard.com/people/dyuwa/" target="_blank"><b>Dr. Yuwa Hedrick-Wong</b></a>, Global Economic Advisor for MasterCard Worldwide and published by John Wiley &amp; Sons.</p> About MasterCard <p><a href="http://www.mastercard.com/index.html" target="_blank"><b>MasterCard</b></a>&nbsp;(NYSE: MA),&nbsp;<a href="http://www.mastercard.com/" target="_blank"><b>www.mastercard.com</b></a>,<b>&nbsp;</b>is a technology company in the global payments industry. We operate&nbsp;the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard’s products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter <a href="https://twitter.com/#!/MasterCardNews" target="_blank"><b>@MasterCardNews</b></a><b>,&nbsp;</b>join the discussion on the&nbsp;<a href="http://newsroom.mastercard.com/blog/" target="_blank"><b>Cashless Conversations Blog</b></a>&nbsp;and&nbsp;<a href="http://newsroom.mastercard.com/subscribe/" target="_blank"><b>subscribe</b></a>&nbsp;for the latest <a href="http://newsroom.mastercard.com/" target="_blank"><b>news</b></a>.</p> Launched in 1993, the MasterCard Index of Consumer Confidence has proven to be an excellent barometer of general consumer pulse in Asia/Pacific. The twice annual survey analyzes prevailing consumer perceptions of economic conditions for the next six-months.http://www1.mastercard.com/content/intelligence/en/research/press-release/2011/consumer-confidence-in-india-at-the-highest-level-since-20082011-09-12T16:00:00.000Z2011-09-12T16:00:00.000ZPositive Consumer Confidence Maintained in Malaysia: New MasterCard Index Kashini Krishnamurthy, Nabila AdnanPositive Consumer Confidence Maintained in Malaysia: New MasterCard Index<p><b><i>Kuala Lumpur, 1 August 2011 </i></b>– Consumers across Asia/Pacific are concerned at the slow pace of the global economic recovery with a dip in optimism recorded over the last six months, according to the latest MasterCard Worldwide Index<sup>TM</sup> of Consumer Confidence.</p> <p>As the global economy continues its slow recovery, 11 out of the 14 Asia/Pacific markets<sup>[<a href="#1">1</a>]</sup> polled for the Index recorded positive consumer sentiment with stable optimism recorded in emerging and established markets including China (78.3), Singapore (77.9), Vietnam (77.1), India (75.2), Hong Kong (69.9), Taiwan (67.6), Malaysia (64.9) and Australia (63.1).</p> <p>In Malaysia, the index score was a positive 64.9, a slight drop from 66.2 six months ago. Consumer sentiments towards Regular Income (70.4 vs. 62.9) have improved from six months ago, but consumers are less optimistic about Employment (64.6 vs. 65.9), the Economy (64.9 vs 66.2), Quality of Life (65.9 vs. 70.0) and the Stock Market (58.4 vs. 66.2).</p> <p>However, 10 out of the 14 Asia/Pacific markets experienced an overall decline in consumer confidence when compared to the previous six months, with three markets - Thailand (46.1), New Zealand (42.2) and Japan (15.9) - showing widespread pessimism across the five key indicators. Overall Asia/ Pacific recorded a drop in consumer confidence from 68.0 to 61.5.</p> <p>Now in its 19<sup>th</sup> year, the MasterCard Worldwide Index of Consumer Confidence is the region’s most comprehensive and longest running consumer confidence survey. The Index is based on a survey which measures consumer confidence on prevailing expectations in the market for the next six months based on five economic indicators: Economy, Employment, Stock Market, Regular Income and Quality of Life. The Index score is calculated with zero as the most pessimistic, 100 as most optimistic and 50 as neutral.</p> <p>The latest survey was conducted from 15 March to 27 April 2011 and involved 10,374 consumers from 14 markets. Data collection was via internet surveys, personal, telephone and Computer Aided Telephone interviews, with the questionnaire translated to the local language wherever appropriate and necessary. <i>The Index and its accompanying reports do not represent MasterCard financial performance.</i></p> <p><i></i><i><a name="1"></a>[1] Asia/Pacific: Australia, China, Hong Kong, India, Indonesia, Japan, South Korea, Malaysia, New Zealand, Philippines, Singapore, Taiwan, Thailand, and Vietnam&nbsp;</i></p> <p></p> Asia/Pacific rocked by Japan, NZ earthquakes<p>Overall confidence in the Economy in the Asia/Pacific region fell from 70.6 to 59.1, with Employment down from 67.5 to 59.9. Confidence also fell among consumers on the key indicator of Quality of Life (from 64.7 to 57.0) and the Stock Market (from 65.8 to 58.1), but increased slightly on Regular Income (from 71.6 to 73.1).</p> <p>Japan and New Zealand, both still recovering from devastating earthquakes this year, experienced declines in consumer confidence across most key indicators, with New Zealand’s overall confidence falling from a positive 53.3 in the previous six months to a pessimistic 42.2, with a strong decline in confidence in the Economy (from 53.1 to 35.1). Japan’s overall consumer confidence was at its lowest since 2002, with confidence in the Economy falling from 20.6 six months ago to 12.3 and confidence in Employment down from 21.8 to 13.3.</p> <p>Steep falls in consumer confidence were found in the Philippines, where optimism fell from 80.1 to 53.6 over the last six months, and across all key indicators, most dramatically in Employment (80.0 to 45.3), Qualify of Life (80.5 to 46.7) and the Economy (83.6 to 54.0).</p> <p>“While consumer attitudes remain overwhelmingly positive across this Index there is clearly a perception that the recovery from the financial crisis is not going as smoothly as people would like,” said Yuwa Hedrick-Wong, global economic advisor for MasterCard Worldwide.</p> <p>“Consumers are fantastic barometers of economic performance. As parts of the world have endured six very difficult months dealing with natural disasters, political instability and with ongoing financial uncertainty across the Eurozone, it is no surprise to see consumer sentiment declining across some of these markets.” &nbsp;</p> <table width="571" cellspacing="0" cellpadding="0" border="0"> <tbody><tr><th class="table-description"><b>MARKETS</b></th> <th class="table-description"><b>2H2011</b></th> <th class="table-description"><b>1H2011</b></th> <th class="table-description"><b>2H 2010</b></th> <th class="table-description"><b>1H 2010</b></th> <th class="table-description"><b>2H 2009</b></th> </tr><tr><td>Australia</td> <td>63.1</td> <td>63.0</td> <td>74.1</td> <td>69.5</td> <td>24.1</td> </tr><tr><td>China</td> <td>78.3</td> <td>79.4</td> <td>83.0</td> <td>85.3</td> <td>60.8</td> </tr><tr><td>Hong Kong</td> <td>69.9</td> <td>74.7</td> <td>76.6</td> <td>60.0</td> <td>24.7</td> </tr><tr><td>India</td> <td>75.2</td> <td>73.0</td> <td>68.2</td> <td>68.8</td> <td>68.0</td> </tr><tr><td>Indonesia</td> <td>58.0</td> <td>56.1</td> <td>61.4</td> <td>67.0</td> <td>49.2</td> </tr><tr><td>Japan</td> <td>15.9</td> <td>20.2</td> <td>27.8</td> <td>24.4</td> <td>21.5</td> </tr><tr><td>South Korea</td> <td>51.8</td> <td>55.7</td> <td>54.1</td> <td>59.8</td> <td>28.8</td> </tr><tr><td>Malaysia</td> <td>64.9</td> <td>66.2</td> <td>67.9</td> <td>66.3</td> <td>27.8</td> </tr><tr><td>New Zealand</td> <td>42.2</td> <td>53.3</td> <td>65.9</td> <td>69.7</td> <td>21.5</td> </tr><tr><td>Philippines</td> <td>53.6</td> <td>80.1</td> <td>59.3</td> <td>49.7</td> <td>40.5</td> </tr><tr><td>Singapore</td> <td>77.9</td> <td>86.1</td> <td>86.6</td> <td>79.4</td> <td>31.2</td> </tr><tr><td>Taiwan</td> <td>67.6</td> <td>62.5</td> <td>65.7</td> <td>56.5</td> <td>39.4</td> </tr><tr><td>Thailand</td> <td>46.1</td> <td>57.3</td> <td>50.6</td> <td>55.3</td> <td>23.0</td> </tr><tr><td>Vietnam</td> <td>77.1</td> <td>90.3</td> <td>93.7</td> <td>90.0&nbsp;&nbsp;&nbsp;<br> </td> <td>60.9</td> </tr><tr><td>Total Asia/Pacific</td> <td>61.5</td> <td>68.0</td> <td>69.1</td> <td>66.3</td> <td>38.7</td> </tr></tbody></table> About the MasterCard Worldwide Index™ of Consumer Confidence<p>The MasterCard Worldwide Index™ of Consumer Confidence survey has an 19-year track record of consumer confidence indices collected from over 200,000 interviews, unequalled both in scope and history across Asia/Pacific.</p> <p>The MasterCard Worldwide Index of Consumer Confidence is the most comprehensive and longest running survey of its kind in the region.&nbsp; In June 1997, the Index revealed a decline in consumer confidence – one month prior to the devaluation of the Thai baht that triggered the regional economic crisis. In June 2003, the Index score for Employment in Hong Kong dropped to a low of 20.0. This was subsequently reflected in Hong Kong’s unemployment rate, which peaked just before September 2003 at eight percent.</p> <p>The survey comprising the Asia/Pacific markets began in the first half of 1993 and has been conducted twice yearly since. Markets from the Middle East and Africa were included in the Index from 2004. Twenty five markets now participate in the survey: Australia, China, Egypt, Hong Kong, India, Indonesia, Japan, Kenya, Kuwait, Lebanon, Malaysia, Morocco, New Zealand, Nigeria, Oman, Philippines, Qatar, Saudi Arabia, South Korea, South Africa, Singapore, Taiwan, Thailand, United Arab Emirates and Vietnam. The last MasterCard Worldwide Index of Consumer Confidence survey was conducted from 15 March to 27 April 2011. A total of 17,620 qualified respondents were surveyed in the 25 markets with the sample being representative of the middle and upper income groups in each market.&nbsp; In each market except China and India, 400 or more people were surveyed.&nbsp; A minimum sample size of 800 was collected from China and India.</p> <p>The Index is calculated based with zero as the most pessimistic, 100 as most optimistic and 50 as neutral.&nbsp; Five economic factors are measured: Employment, the Economy, Regular Income, Stock Market and Quality of Life. The responses are consumers' thoughts on the six months ahead. Data collection was via internet surveys, personal, telephone and Computer Aided Telephone interviews, with the questionnaire translated to the local language wherever appropriate and necessary.&nbsp; The survey has a margin of sampling error of plus or minus four percentage points at the 90 percent confidence level, except China and India where because of the larger sample, the margin of sampling error is plus or minus three percentage points.</p> <p></p> MasterCard and its Suite of Research Properties<p>The MasterCard Worldwide Index suite in Asia/Pacific, Middle East and Africa includes the long-running MasterCard Worldwide Index of Consumer Confidence, as well as the&nbsp;MasterCard Worldwide Index of Women’s Advancement, Online Shopping,&nbsp;Index of Financial Literacy, and the&nbsp;<a href="http://newsroom.mastercard.com/digital-press-kits/mastercard-global-destination-cities-index-2013/" target="_blank"><b>Index of Global Destination Cities</b></a>. In addition to the Indices, MasterCard’s research properties also include a range of consumer surveys including Ethical Spending&nbsp;and a series on&nbsp;Consumer Purchasing Priorities&nbsp;(covering&nbsp;Travel,&nbsp;Dining &amp; Entertainment, Education,&nbsp;Money Management,&nbsp;Luxury&nbsp;and General Shopping).</p> <p>MasterCard also regularly releases Insights reports providing analysis of business dynamics, financial policies and regulatory activities in the Asia/Pacific, Middle East and Africa region. Over 80 Insights reports have been produced since 2004.</p> <p>MasterCard has also released a series of four books on Asian consumer insights, authored by&nbsp;<a href="http://newsroom.mastercard.com/people/dyuwa/" target="_blank"><b>Dr. Yuwa Hedrick-Wong</b></a>, Global Economic Advisor for MasterCard Worldwide and published by John Wiley &amp; Sons.</p> About MasterCard Worldwide<p><a href="http://www.mastercard.com/index.html" target="_blank"><b>MasterCard</b></a>&nbsp;(NYSE: MA),&nbsp;<a href="http://www.mastercard.com/" target="_blank"><b>www.mastercard.com</b></a>,<b>&nbsp;</b>is a technology company in the global payments industry. We operate&nbsp;the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard’s products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter <a href="https://twitter.com/#!/MasterCardNews" target="_blank"><b>@MasterCardNews</b></a><b>,&nbsp;</b>join the discussion on the&nbsp;<a href="http://newsroom.mastercard.com/blog/" target="_blank"><b>Cashless Conversations Blog</b></a>&nbsp;and&nbsp;<a href="http://newsroom.mastercard.com/subscribe/" target="_blank"><b>subscribe</b></a>&nbsp;for the latest <a href="http://newsroom.mastercard.com/" target="_blank"><b>news</b></a>.</p> Launched in 1993, the MasterCard Index of Consumer Confidence has proven to be an excellent barometer of general consumer pulse in Asia/Pacific. The twice annual survey analyzes prevailing consumer perceptions of economic conditions for the next six-months.http://www1.mastercard.com/content/intelligence/en/research/press-release/2011/positive-consumer-confidence-maintained-in-malaysia2011-07-31T16:00:00.000Z2011-07-31T16:00:00.000ZNigerian Consumer Confidence Remains Highly Optimistic – MasterCard Index Aderayo BankoleNigeria ranks as most optimistic market surveyed in Africa<p>Lagos, 18 August 2011 – Results of the latest MasterCard Worldwide Index of Consumer Confidence survey for the first half of 2011 have revealed that Nigerian consumer confidence remains highly optimistic.</p> <p>The MasterCard Index recorded a notable 12.7% year-on-year increase from a score of 83.2 a year ago, to a very positive current score of 93.8.</p> <p>Now in its third year in Nigeria, the MasterCard Worldwide Index of Consumer Confidence is the region’s most comprehensive consumer confidence survey. The Index is based on a survey which measures consumer confidence on prevailing expectations in the market for the next six months based on five economic indicators: Economy, Employment, Stock market, Regular income and Quality of life. The Index score is calculated with zero as the most pessimistic, 100 as most optimistic and 50 as neutral.</p> <p>The latest survey was conducted from the 15<sup>th</sup> March to 27<sup>th</sup> April 2011 and involved 17,620 consumers from 24 markets across the Asia/Pacific, Middle East and Africa regions <sup>[<a href="#1">1</a>]</sup>. Data collection was via Internet surveys, personal, telephone and Computer Aided Telephone interviews, with the questionnaire translated to the local language wherever appropriate and necessary.&nbsp; <i>The Index and its accompanying reports do not represent MasterCard financial performance.</i></p> <p><i></i>“The notable increase of nearly 13% compared to the 83.2 that the market scored a year ago clearly indicates that Nigerians are approaching the next six months with a strong sense of optimism,” says Daniel Monehin, Area Head, East &amp; West Africa and Indian Ocean Islands, MasterCard Worldwide.</p> <p>“Nigeria is predicted to overtake South Africa as the largest economy on the continent by as soon as 2023,”says Dr. Roelof Botha, independent economic analyst. “This forecast has been widely publicised in Nigeria, and along with several other noteworthy developments in the market, has undoubtedly contributed to a new sense of national pride as Nigerians anticipate their status as a regional and global economic force in the years to come. The MasterCard Index of Consumer Confidence is clearly reflecting this, as are other studies conducted by the World Bank, Morgan Stanley and the Africa Business Panel.”</p> <p>Compared to Nigeria’s Index results six months ago, two of the five indicators - Regular Income and Employment - increased marginally by 0.6 points each, while consumer sentiment on the Economy remained unchanged. However, these gains were offset by the Quality of Life and Stock Market indicators that both declined by 1.7 points.</p> <p>Regular income at 99.0 points was the most optimistic of the five indicators for Nigerians, followed by Quality of Life with a score of 97.5.</p> <p>When asked whether they were expecting their regular income to either increase, remain the same or decrease over the next six months, nearly 93% of Nigerian respondents said that they were expecting it to increase, 7% said they were expecting it to remain the same and only 1% said that they were expecting it to decrease.”</p> <p>These responses are based on two strong contributing factors, Botha points out. “The Nigerian government recently legislated that the market’s minimum wage should increase by 140%. While there were initially some concerns at the inflationary impact of this increase, Nigeria’s consumer price index (CPI) has been lowered over the last two years, while food price inflation has been curbed by a rise in agricultural output.”</p> <p>Furthermore, substantial investment from several multinational companies has boosted employment prospects, with several more companies seeking to introduce or expand their production facilities in Nigeria in the coming months.</p> <p>“The government has also reduced the tax burden placed on Nigerians, with the ratio of taxes having dropped from 38% in 2005 to an estimated 26% at the time of the survey,” he adds.</p> <p>Botha said that while the slight decline in the Quality of Life indicator should not be ignored with respect to the identification of consumer confidence trends over time, it was less than a 2% decline compared to the previous Index which indicates that consumers remain firmly positive about their general quality of life in Nigeria.</p> <p>Consumer sentiment on the Economy and Employment indicators remained exceptionally positive with scores of 97.3 and 96.3 respectively.</p> <p>“Inflation is close to single digits, after hovering close to the 20% level in 2005 and the market’s currency has been relatively stable, which has in turn prevented an escalation in the price of imported goods,” says Botha. “The Nigerian government has implemented and maintained prudent macroeconomic policies over the last four years, strengthened financial institutions and made progress in addressing the market’s infrastructure deficiencies. Along with a surge in the oil price and an increase in production, these elements continue to give Nigerians a high level of future confidence.”</p> <p>The Stock Market indicator, while still in optimistic territory with a score of 79.1, was the least positive of the five indicators and showed a decline of 1.7 points compared to the previous Index.</p> <p>When asked whether they thought the local stock market index would go up, remain the same, or go down over the next six months, nearly 65% of Nigerian respondents said that they were expecting it to go up, however 35% expected it to either remain the same or go down.</p> <p>Although still in very optimistic territory, the Nigerian consumer confidence level is off its historical high of 94.3 points recorded in the second half of 2010. However, it remains above Nigeria’s historical average of 90.2 since the survey was first conducted in the second half of 2009.</p> <p>“Nigeria’s economy is significantly more diversified, with retail trade becoming more vibrant and financial markets deepening,” says Botha. “This diversification has been fuelled by increased urbanisation, a growing population, access to technology, and a sustained rise in real per capita income levels. Increased spending on education (from 0.2% of the CPI basket to 4%) is particularly encouraging, as a market’s development path is traditionally closely correlated with the level of education and vocational attainment.”</p> <p>An interesting contributor to sentiment in the market is the success of the Niger Delta Amnesty programme, through which tens of thousands of armed agitators have surrendered their weapons in return for rehabilitation and reintegration into Nigerian society. Apart from returning dissidents to the economic landscape, this initiative has reduced violence in the oil-rich region, leading analysts to be confident that oil production will more than double to 2.3 million barrels a day by 2012.</p> <p>From an African perspective, amongst the four additional African markets included in the survey – South Africa, Kenya, Egypt and Morocco – Nigeria was the most optimistic market, 5.8 points higher than the next most optimistic market – Morocco.</p> <p>“It’s very encouraging to see that Nigerian consumer confidence continues to be strong, steady and positive, and currently higher than Nigeria’s historical average since the survey was first conducted in 2009, ” concludes Monehin</p> <p><b><i><a name="1"></a>[1]</i></b><b><i>Asia/Pacific</i></b><i>: Australia, China, Hong Kong, India, Indonesia, Japan, South Korea, Malaysia, New Zealand, Philippines, Singapore, Taiwan, Thailand, and Vietnam. <b>Middle East</b>: Egypt, Kuwait, Lebanon, Qatar, Saudi Arabia, United Arab Emirates. <b>Africa</b>: Kenya, Morocco, Nigeria, South Africa</i></p> <p><img width="571" height="356" src="/content/dam/intelligence/content-assets/nigeria.jpg"></p> <p><img width="574" height="357" src="/content/dam/intelligence/content-assets/morocco.jpg"><img width="576" height="359" src="/content/dam/intelligence/content-assets/egypt.jpg"><img width="574" height="358" src="/content/dam/intelligence/content-assets/kenya.jpg"></p> <p><img width="520" height="388" src="/content/dam/intelligence/content-assets/south%20africa.jpg1.jpg"></p> <p></p> <p></p> <p><b></b></p> <p></p> <p></p> <p></p> About the MasterCard Worldwide Index™ of Consumer Confidence<p>The MasterCard Worldwide Index™ of Consumer Confidence survey has a 19-year track record of consumer confidence indices collected from over 200,000 interviews, unequalled both in scope and history across Asia/Pacific.</p> <p>The MasterCard Worldwide Index of Consumer Confidence is the most comprehensive and longest running survey of its kind in the region.&nbsp; In June 1997, the Index revealed a decline in consumer confidence – one month prior to the devaluation of the Thai baht that triggered the regional economic crisis. In June 2003, the Index score for Employment in Hong Kong dropped to a low of 20.0. This was subsequently reflected in Hong Kong’s unemployment rate, which peaked just before September 2003 at eight percent.</p> <p>The survey comprising the Asia/Pacific markets began in the first half of 1993 and has been conducted twice yearly since. Markets from the Middle East and Africa were included in the Index from 2004. Twenty-four markets now participate in the survey: Australia, China, Egypt, Hong Kong, India, Indonesia, Japan, Kenya, Kuwait, Lebanon, Malaysia, Morocco, New Zealand, Nigeria, Philippines, Qatar, Saudi Arabia, South Korea, South Africa, Singapore, Taiwan, Thailand, United Arab Emirates and Vietnam. The last MasterCard Worldwide Index of Consumer Confidence survey was conducted from 13 September to 11 November 2010. A total of 10,502 qualified respondents were surveyed in the 24 markets with the sample being representative of the middle and upper income groups in each market.&nbsp; In each market except China and India, 400 or more people were surveyed.&nbsp; A minimum sample size of 800 was collected from China and India.</p> <p>The Index is calculated based with zero as the most pessimistic, 100 as most optimistic and 50 as neutral.&nbsp; Five economic factors are measured: Employment, the Economy, Regular Income, Stock Market and Quality of Life. The responses are consumers' thoughts on the six months ahead. Data collection was via internet surveys, personal, telephone and Computer Aided Telephone interviews, with the questionnaire translated to the local language wherever appropriate and necessary.&nbsp; The survey has a margin of sampling error of plus or minus four percentage points at the 90 percent confidence level, except China and India where because of the larger sample, the margin of sampling error is plus or minus three percentage points.</p> <p>&nbsp;</p> <p></p> MasterCard and its Suite of Research Properties <p>The MasterCard Worldwide Index suite of research products in Asia/Pacific, Middle East and Africa includes the flagship MasterCard Worldwide Index of Consumer Confidence, and the MasterCard Worldwide Index of Consumer Purchasing Resilience, both of which are released six monthly, and the MasterCard Worldwide Index of Women’s Advancement and the MasterCard Worldwide Index of Online Shopping, which are released annually. In addition to the Index properties, MasterCard’s suite of research properties includes the MasterCard Worldwide Survey on Consumer Purchasing Priorities, released six monthly, and the MasterCard Worldwide Survey on Ethical Spending Behavior, released annually.</p> <p>Besides these, MasterCard also regularly releases Insights reports; the series represents in part its ongoing research and analysis of business dynamics, financial policies and regulatory activities in the Asia/Pacific, Middle East and Africa region. Over 70 Insights reports have been produced since 2004. MasterCard has also released a series of four books on Asian consumer insights, authored by its Asia/Pacific economist, Dr. Yuwa Hedrick-Wong and published by John Wiley &amp; Sons.</p> <p>The MasterCard Indexes and Insights reports are available at <a href="http://www.masterintelligence.com/"><b>www.masterintelligence.com</b></a></p> <p></p> About MasterCard Worldwide <p><a href="http://www.mastercard.com/index.html" target="_blank"><b>MasterCard</b></a>&nbsp;(NYSE: MA),&nbsp;<a href="http://www.mastercard.com/" target="_blank"><b>www.mastercard.com</b></a>,<b>&nbsp;</b>is a technology company in the global payments industry. We operate&nbsp;the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard’s products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter <a href="https://twitter.com/#!/MasterCardNews" target="_blank"><b>@MasterCardNews</b></a><b>,&nbsp;</b>join the discussion on the&nbsp;<a href="http://newsroom.mastercard.com/blog/" target="_blank"><b>Cashless Conversations Blog</b></a>&nbsp;and&nbsp;<a href="http://newsroom.mastercard.com/subscribe/" target="_blank"><b>subscribe</b></a>&nbsp;for the latest <a href="http://newsroom.mastercard.com/" target="_blank"><b>news</b></a>.</p> Launched in 1993, the MasterCard Index of Consumer Confidence has proven to be an excellent barometer of general consumer pulse in Asia/Pacific. The twice annual survey analyzes prevailing consumer perceptions of economic conditions for the next six-months.http://www1.mastercard.com/content/intelligence/en/research/press-release/2011/nigerian-consumer-confidence-remains-highly-optimistic2011-08-17T16:00:00.000Z2011-08-17T16:00:00.000ZSignificant Rise in South African Consumer Confidence – MasterCard Index Nicky James, Birgit Deibele Consumer confidence rebounds to highest level since 2009<p><b><i>Johannesburg, 28<sup>th</sup> July 2011</i></b> – South African consumer confidence has rebounded from historic lows to its highest level since 2009 according to the latest MasterCard Worldwide Index of Consumer Confidence, released today.</p> <p>The survey recorded an overall increase of 10.8 points in South African consumer confidence from a low of 54.7 only six months ago to a current optimistic score of 65.5.</p> <p>Now in its seventh year in South Africa, the MasterCard Worldwide Index of Consumer Confidence is the Asia/Pacific, Middle East and Africa (APMEA) region’s most comprehensive consumer confidence survey. Released twice a year, the Index is based on a survey which measures consumer confidence on prevailing expectations in the market for the next six months based on five economic indicators: Economy, Employment, Stock market, Regular income and Quality of life. The Index score is calculated with zero as the most pessimistic, 100 as most optimistic and 50 as neutral.</p> <p>The latest survey was conducted from the 15<sup>th</sup> March to 27<sup>th</sup> April 2011 and involved 17,620 consumers from 24 markets <sup>[<a href="#1">1</a>]</sup> across the APMEA region. Data collection was via internet surveys, personal, telephone and Computer Aided Telephone interviews, with the questionnaire translated to the local language wherever appropriate and necessary.&nbsp; <i>The Index and its accompanying reports do not represent MasterCard financial performance.</i></p> <p><i></i>“South Africa’s optimistic score of 65.5 is a jump of nearly 20% compared to the 54.7 that the market scored in the previous six months, with all five of the key indicators that make up the overall consumer confidence score seeing increases. This indicates that South Africans are feeling strongly positive about the next six months,” says Anna Jones, Area Head for MasterCard Worldwide: Southern Africa.</p> <p>“The increase in the overall MasterCard Confidence Index score to its highest level since 2009 is not surprising when viewed against the fact that South Africa emerged from the global recession as early as the third quarter of 2009. During the first quarter of 2011, South Africa recorded its seventh successive quarter of positive real GDP growth, rising to an impressive 4.8%. Furthermore, real disposable income levels of households have increased to an all-time high during early 2011 - close to R33,000 in annual <i>per capita</i> terms” says independent economic advisor, Dr. Roelof Botha.</p> <p>The most significant increase in optimism compared to the previous Index came from the Employment indicator which saw a jump of 15.2 points from a score of 48.6 six months ago to a current score of 63.8.</p> <p>“The accuracy of the survey results for Employment is supported by data from Statistics South Africa that confirms a return to formal sector employment creation since the fourth quarter of 2010,” he added.</p> <p>Other indicators that saw noteworthy increases were the Economy, Quality of Life and Stock Market with increases of 11.4, 11.2 and 10.2 points respectively.</p> <p>Although it had the smallest increase of the five indicators in comparison to the previous Index, Regular Income still saw a notable increase from an already moderately optimistic score of 69.2 six months ago to a current score of 75.3. Regular income was the most optimistic of the five indicators for South Africans, 9.4 points higher than the next most optimistic indicator - Quality of Life - that had a score of 65.9.</p> <p>When asked whether they are expecting their regular income to either increase, remain the same or decrease over the next six months, nearly 45% of South African respondents said that they were expecting it to increase, 40% said they were expecting it to remain the same and only 15% said that they expected it to decrease.</p> <p>“The rise of over six points in consumers’ already-high confidence in Regular Income is correlated to consistent increases in average remuneration levels since the end of the recession. According to Statistics South Africa, the average nominal salary in the formal sectors of the economy was more than 27% higher in the first quarter of 2011 than two years earlier. Salary increases have also outstripped inflation by a margin of close to 9% over the past two years. ” says Botha.</p> <p>Although in a very optimistic space, the South African consumer confidence level is still off its historical peak of 91.1 points from the second half of 2006, and is below South Africa’s historical average of 73.2 since the survey was first conducted in the first half of 2004.</p> <p>In summary, the strong improvement in the overall MasterCard Index of Consumer Confidence in South Africa can be viewed against the backdrop of sound increases in the levels of household consumption expenditure as well as increases in disposable incomes.</p> <p>“During the first quarter of this year, household consumption expenditure on durable goods was more than 22% higher than a year earlier, signalling a renewed appetite amongst consumers for credit-related spending. Fortunately, the purchasing power of South African households reached a new record high this year and it is clear from the MasterCard Survey that consumer sentiment is following suit,” Botha concludes.</p> <p>“It is encouraging to see that not only has consumer confidence rebounded to its highest level since 2009, but that increases were recorded across all five indicators. This has resulted in South African consumer confidence outperforming all of the non-oil producing markets in the APMEA region,” concludes Jones.</p> <p><i><a name="1"></a>[1]</i><i> <b>Africa</b>: Kenya, Morocco, Nigeria, South Africa. <b>Middle East</b>: Egypt, Kuwait, Lebanon, Qatar, Saudi Arabia, United Arab Emirates. <b>Asia/Pacific:</b> Australia, China, Hong Kong, India, Indonesia, Japan, South Korea, Malaysia, New Zealand, Philippines, Singapore, Taiwan, Thailand, and Vietnam.</i></p> <p></p> <p></p> <p><i></i></p> <p><a href="/content/dam/intelligence/content-assets/south%20africa.jpg1.jpg" target="_blank"><img width="429" height="321" src="/content/dam/intelligence/content-assets/south%20africa.jpg1.jpg"></a></p> <p></p> <p></p> <p></p> About the MasterCard Worldwide Index™ of Consumer Confidence<p>The MasterCard Worldwide Index™ of Consumer Confidence survey has a 19-year track record of consumer confidence indices collected from over 200,000 interviews, unequalled both in scope and history across Asia/Pacific.</p> <p>The MasterCard Worldwide Index of Consumer Confidence is the most comprehensive and longest running survey of its kind in the region.&nbsp; In June 1997, the Index revealed a decline in consumer confidence – one month prior to the devaluation of the Thai baht that triggered the regional economic crisis. In June 2003, the Index score for Employment in Hong Kong dropped to a low of 20.0. This was subsequently reflected in Hong Kong’s unemployment rate, which peaked just before September 2003 at eight percent.</p> <p>The survey comprising the Asia/Pacific markets began in the first half of 1993 and has been conducted twice yearly since. Markets from the Middle East and Africa were included in the Index from 2004. Twenty-four markets now participate in the survey: Australia, China, Egypt, Hong Kong, India, Indonesia, Japan, Kenya, Kuwait, Lebanon, Malaysia, Morocco, New Zealand, Nigeria, Philippines, Qatar, Saudi Arabia, South Korea, South Africa, Singapore, Taiwan, Thailand, United Arab Emirates and Vietnam. The last MasterCard Worldwide Index of Consumer Confidence survey was conducted from 13 September to 11 November 2010. A total of 10,502 qualified respondents were surveyed in the 24 markets with the sample being representative of the middle and upper income groups in each market.&nbsp; In each market except China and India, 400 or more people were surveyed.&nbsp; A minimum sample size of 800 was collected from China and India.</p> <p>The Index is calculated based with zero as the most pessimistic, 100 as most optimistic and 50 as neutral.&nbsp; Five economic factors are measured: Employment, the Economy, Regular Income, Stock Market and Quality of Life. The responses are consumers' thoughts on the six months ahead. Data collection was via internet surveys, personal, telephone and Computer Aided Telephone interviews, with the questionnaire translated to the local language wherever appropriate and necessary.&nbsp; The survey has a margin of sampling error of plus or minus four percentage points at the 90 percent confidence level, except China and India where because of the larger sample, the margin of sampling error is plus or minus three percentage points.</p> <p></p> MasterCard and its Suite of Research Properties Asia/Pacific, Middle East & Africa<p>The MasterCard Worldwide Index suite in Asia/Pacific, Middle East and Africa includes the long-running MasterCard Worldwide Index of Consumer Confidence, as well as the&nbsp;MasterCard Worldwide Index of Women’s Advancement, Online Shopping,&nbsp;Index of Financial Literacy, and the&nbsp;<a href="http://newsroom.mastercard.com/digital-press-kits/mastercard-global-destination-cities-index-2013/" target="_blank"><b>Index of Global Destination Cities</b></a>. In addition to the Indices, MasterCard’s research properties also include a range of consumer surveys including Ethical Spending&nbsp;and a series on&nbsp;Consumer Purchasing Priorities&nbsp;(covering&nbsp;Travel,&nbsp;Dining &amp; Entertainment, Education,&nbsp;Money Management,&nbsp;Luxury&nbsp;and General Shopping).</p> <p>MasterCard also regularly releases Insights reports providing analysis of business dynamics, financial policies and regulatory activities in the Asia/Pacific, Middle East and Africa region. Over 80 Insights reports have been produced since 2004.</p> <p>MasterCard has also released a series of four books on Asian consumer insights, authored by&nbsp;<a href="http://newsroom.mastercard.com/people/dyuwa/" target="_blank"><b>Dr. Yuwa Hedrick-Wong</b></a>, Global Economic Advisor for MasterCard Worldwide and published by John Wiley &amp; Sons.</p> About MasterCard Worldwide<p><a href="http://www.mastercard.com/index.html" target="_blank"><b>MasterCard</b></a>&nbsp;(NYSE: MA),&nbsp;<a href="http://www.mastercard.com/" target="_blank"><b>www.mastercard.com</b></a>,<b>&nbsp;</b>is a technology company in the global payments industry. We operate&nbsp;the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard’s products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter <a href="https://twitter.com/#!/MasterCardNews" target="_blank"><b>@MasterCardNews</b></a><b>,&nbsp;</b>join the discussion on the&nbsp;<a href="http://newsroom.mastercard.com/blog/" target="_blank"><b>Cashless Conversations Blog</b></a>&nbsp;and&nbsp;<a href="http://newsroom.mastercard.com/subscribe/" target="_blank"><b>subscribe</b></a>&nbsp;for the latest <a href="http://newsroom.mastercard.com/" target="_blank"><b>news</b></a>.</p> Launched in 1993, the MasterCard Index of Consumer Confidence has proven to be an excellent barometer of general consumer pulse in Asia/Pacific. The twice annual survey analyzes prevailing consumer perceptions of economic conditions for the next six-months.http://www1.mastercard.com/content/intelligence/en/research/press-release/2011/significant-rise-in-south-african-consumer-confidence2011-07-27T16:00:00.000Z2011-07-27T16:00:00.000ZClose to 70% of Singaporeans intend to spend the same or more on luxury goods in the coming months: MasterCard survey Wendy Toh, FangTing Zheng Close to 70% of Singaporeans intend to spend the same or more on luxury goods in the coming months: MasterCard survey<p><b><i>Singapore, </i></b><b><i>8 November 2011 </i></b>– Shoppers in Singapore are looking to maintain or increase spend on luxury items<sup>[<a href="#1">1</a>]</sup> in the coming months<sup>[<a href="#2">2</a>]</sup>, according to findings from the latest MasterCard survey on Consumer Purchasing Priorities – Luxury Shopping.</p> <p>Survey results show that 68% of Singaporeans who currently own a luxury item valued at US$1,000 or more, plan to spend the same or more, on luxury items in the coming months.</p> <p>While this number indicates that Singapore is trending a keen preference for luxury items, the other results reflect that they are also exhibiting prudence in their decision-making process and the choice of luxury item acquired.</p> <p>More than one in four (26%) of Singaporeans polled tend to research extensively about a luxury item and will make the purchase within two to six months of first deciding on the item. Meanwhile, 45% of respondents tend to mull over whether to purchase a luxury item, but buy it within a month or so of first deciding on the item.</p> <p>Conversely, only 17% of respondents say that they tend to buy on impulse, on the spot, while 12% tend to decide on the item on the spot but wait for a sale before buying it.</p> <p>Categories of luxury items worth more than US$1,000 that Singaporeans covet in the coming months are watches (30%), jewellery (24%) and quality/designer clothes &amp; leather goods (22%).</p> <p>In contrast, Singaporeans appear to be less keen on purchasing these particular luxury items at a lower value – a smaller margin of Singaporean respondents are keen on watches (9%) and jewellery (19%) worth US$500 or less.</p> <p>In favouring higher value watches and jewellery over lower-priced items of the same categories, it seems that Singaporeans appreciate goods with higher intrinsic worth and understand that the value of these goods increase with time.</p> <p>“The strength of the luxury market in Singapore reflects the country’s growing affluent population, as well as the growing array of international luxury brands in our local retail landscape,” said Julienne Loh, vice president and country manager, Singapore, MasterCard Worldwide. “The survey results show that Singaporeans are savvy luxury shoppers, who try to strike a balance between seeking the highest quality luxury goods and getting the most value out of their purchases.”</p> <p>Other highlights from the survey:&nbsp;</p> <ul> <li>Singaporeans mostly purchase luxury items for themselves to celebrate special occasions like birthdays, anniversaries and promotions (54%) or for no special reason at all (48%).</li> <li>Self-reward (29%), brand reputation of luxury product (24%) and feeling special in owning a luxury item (19%) are the three main motivations behind the purchase of luxury items for Singaporeans.</li> <li>Advertising on media outlets (47%) overrides recommendation from friends and relatives (43%), brand catalogues (38%), online shopping sites (33%) and online blogs/forums/reviews (31%) as the source of information that consumers rely on before making a purchase. Celebrity endorsements (16%) are the least effective in impacting Singaporeans’ decisions to purchase luxury items.</li> <li>Credit card (79%) is the top payment method for Singaporeans for the purchases of luxury items.</li> </ul> <p>The latest survey was conducted from March to April 2011 and involved 191 Singaporean consumers who currently own at least one luxury item that is at least US$1,000 and above in value. Data collection was via internet surveys, personal, telephone and Computer Aided Telephone interviews, with the questionnaire translated to the local language wherever appropriate and necessary. <i>The Index and its accompanying reports do not represent MasterCard financial performance.</i></p> <p>For the full report go to: <a href="http://www.masterintelligence.com/"><b>www.masterintelligence.com</b></a></p> <p><i><a name="1"></a>[1] Value definition of luxury item is US$1,000 or more.</i></p> <p></p> <p></p> <p><i><a name="2"></a>[2] The survey was conducted from March to April 2011 and asked respondents on their intentions to own luxury goods in the next 12 months.&nbsp;</i></p> <p></p> <p></p> <p></p> MasterCard and its Suite of Research Properties<p>The MasterCard Worldwide Index suite in Asia/Pacific, Middle East and Africa includes the long-running MasterCard Worldwide Index of Consumer Confidence, as well as the&nbsp;MasterCard Worldwide Index of Women’s Advancement, Online Shopping,&nbsp;Index of Financial Literacy, and the&nbsp;<a href="http://newsroom.mastercard.com/digital-press-kits/mastercard-global-destination-cities-index-2013/" target="_blank"><b>Index of Global Destination Cities</b></a>. In addition to the Indices, MasterCard’s research properties also include a range of consumer surveys including Ethical Spending&nbsp;and a series on&nbsp;Consumer Purchasing Priorities&nbsp;(covering&nbsp;Travel,&nbsp;Dining &amp; Entertainment, Education,&nbsp;Money Management,&nbsp;Luxury&nbsp;and General Shopping).</p> <p>MasterCard also regularly releases Insights reports providing analysis of business dynamics, financial policies and regulatory activities in the Asia/Pacific, Middle East and Africa region. Over 80 Insights reports have been produced since 2004.</p> <p>MasterCard has also released a series of four books on Asian consumer insights, authored by&nbsp;<a href="http://newsroom.mastercard.com/people/dyuwa/" target="_blank"><b>Dr. Yuwa Hedrick-Wong</b></a>, Global Economic Advisor for MasterCard Worldwide and published by John Wiley &amp; Sons.</p> About MasterCard Worldwide<p><a href="http://www.mastercard.com/index.html" target="_blank"><b>MasterCard</b></a>&nbsp;(NYSE: MA),&nbsp;<a href="http://www.mastercard.com/" target="_blank"><b>www.mastercard.com</b></a>,<b>&nbsp;</b>is a technology company in the global payments industry. We operate&nbsp;the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard’s products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter <a href="https://twitter.com/#!/MasterCardNews" target="_blank"><b>@MasterCardNews</b></a><b>,&nbsp;</b>join the discussion on the&nbsp;<a href="http://newsroom.mastercard.com/blog/" target="_blank"><b>Cashless Conversations Blog</b></a>&nbsp;and&nbsp;<a href="http://newsroom.mastercard.com/subscribe/" target="_blank"><b>subscribe</b></a>&nbsp;for the latest <a href="http://newsroom.mastercard.com/" target="_blank"><b>news</b></a>.</p> The MasterCard Survey on Consumer Purchasing Priorities, released twice yearly, provides valuable insights into consumers’ discretionary spending priorities for the six months ahead. The latest survey was conducted from March to April 2011 and involved 191 Singaporeans.http://www1.mastercard.com/content/intelligence/en/research/press-release/2011/close-to-70-of-singaporeans-intend-to-spend-the-same-or-more-on-luxury-goods-in-coming-months2011-11-07T16:00:00.000Z2011-11-07T16:00:00.000ZDining Out, Cinemas and KTV Are Top Priorities for Chinese Consumers: MasterCard Survey Huanyu Wu, Du Yanyan / Edward Guo Chinese Consumers Set Aside Average of 18% of Their Income for Leisure Activities; Highest in Asia/Pacific Region alongside Respondents from Hong Kong<p><b><i>Beijing, 17 October 2011</i></b> – Dining out is very popular amongst the Chinese, while going to the movies or to a karaoke lounge are their preferred forms of entertainment, according to findings from the latest MasterCard survey on Consumer Purchasing Priorities – Dining &amp; Entertainment.</p> <p>The survey showed that the average amount spent on dining out each month by Chinese consumers was US$135. This compares to US$213 in Japan, US$212 in Singapore, US$195 in Hong Kong and US$165 in Taiwan. In terms of the ratio of monthly average dining out expenses to monthly income, China (9.1%) was second only to Vietnam (9.2%), with Thailand (6.8%) coming in third. Looking ahead, 20% of respondents said they plan to eat out more in the coming months.</p> <p>The latest survey was conducted from 15 March to 27 April 2011 and involved 10,374 consumers from 14 markets. Data collection was via internet surveys, personal, telephone and Computer Aided Telephone interviews, with the questionnaire translated to the local language wherever appropriate and necessary. The Index and its accompanying reports do not represent MasterCard’s financial performance.</p> <p>In their leisure time, cinemas (57%) and karaoke lounges (50%) are popular forms of entertainment amongst those surveyed, with many making three trips to the cinema a month and at least one to two to KTV lounges. &nbsp;The survey also noted that a similar trend occurs in other Asian countries.&nbsp; Cinema-going is the preferred leisure activity amongst the majority in Singapore (75%), Hong Kong (74%), Korea (74%), Taiwan (65%) and the Philippines (61%).</p> <p>The average proportion of monthly income set aside for hobbies and leisure activities amongst Chinese respondents was 18%, with 55% spending more than 10% of their monthly income on these activities. Hong Kong’s ratio of spending to monthly income was also 18%, the highest in the region, alongside mainland China. The average proportion of monthly income set aside for leisure activities across the Asia-Pacific region was 13%.</p> <p>“The MasterCard survey results are interesting because they show that dining out and entertainment are actually areas where consumption levels relative to income in China are above average,” said Ling Hai, division president of Greater China for MasterCard Worldwide. “With the rapid growth in the number of movie theatres in China, going to the cinema will continue to be a very popular entertainment option. It’s also encouraging – particularly for us at MasterCard – to see that around 45% of fine dining visits are paid for using a credit card. I’m confident that this number will continue to grow.”</p> <p>Below are additional key findings from the MasterCard survey:</p> <p></p> Dining<ul> <li>Food courts and fast-food restaurants are the most popular types of dining outlets for Chinese consumers, followed by mid-range family restaurants. 82% of respondents said they eat at food courts on an average of eight times a month. Meanwhile, 81% said they went to fast-food restaurants nine times a month</li> </ul> <ul> <li>The frequency of visits to fine dining restaurants was not surprisingly lower than the number of visits to mid-priced restaurants. 66% of the respondents said they go to mid-range family restaurants on average five times a month</li> </ul> <ul> <li>The survey also split fine dining into two categories: standalone restaurants and hotels, which were respectively frequented by 23% and 17% of the respondents. In both cases, those surveyed had dined out at these locations twice a month on average</li> </ul> <ul> <li>The survey showed that respondents visited bars for dining just slightly more than they visited fine dining restaurants. Only 28% of respondents said they go to bars – and on average only three times a month</li> </ul> <p></p> Leisure Activities<ul> <li>Coming in behind cinema-going and karaoke, the survey indicated that amusement parks (39%) and arcades (34%) were popular as well. Although the latter attracted fewer respondents, the frequency of visits was actually higher than for cinemas and KTV lounges. Respondents visited theme parks five times a month and amusement arcades were usually visited three times a month</li> </ul> <ul> <li>For entertainment, just over a fifth of respondents went to bars or nightclubs (21%), and normally three times a month, while museums and art galleries (11%) had less appeal and were normally visited once a month</li> </ul> <ul> <li>Again, possibly because of expense or a lack of availability, few of the respondents (3%) participated in sports club activities, such as golf or team sports. However, more respondents (12%) said they go to health and fitness clubs on a regular basis – on average, seven times a month</li> </ul> <p>For the full report in English, go to: <a href="http://www.masterintelligence.com/"><b>www.masterintelligence.com</b></a></p> <p></p> MasterCard and its Suite of Research Properties Asia/Pacific, Middle East & Africa<p>The MasterCard Worldwide Index suite in Asia/Pacific, Middle East and Africa includes the long-running MasterCard Worldwide Index of Consumer Confidence, as well as the&nbsp;MasterCard Worldwide Index of Women’s Advancement, Online Shopping,&nbsp;Index of Financial Literacy, and the&nbsp;<a href="http://newsroom.mastercard.com/digital-press-kits/mastercard-global-destination-cities-index-2013/" target="_blank"><b>Index of Global Destination Cities</b></a>. In addition to the Indices, MasterCard’s research properties also include a range of consumer surveys including Ethical Spending&nbsp;and a series on&nbsp;Consumer Purchasing Priorities&nbsp;(covering&nbsp;Travel,&nbsp;Dining &amp; Entertainment, Education,&nbsp;Money Management,&nbsp;Luxury&nbsp;and General Shopping).</p> <p>MasterCard also regularly releases Insights reports providing analysis of business dynamics, financial policies and regulatory activities in the Asia/Pacific, Middle East and Africa region. Over 80 Insights reports have been produced since 2004.</p> <p>MasterCard has also released a series of four books on Asian consumer insights, authored by&nbsp;<a href="http://newsroom.mastercard.com/people/dyuwa/" target="_blank"><b>Dr. Yuwa Hedrick-Wong</b></a>, Global Economic Advisor for MasterCard Worldwide and published by John Wiley &amp; Sons.</p> About MasterCard <p><a href="http://www.mastercard.com/index.html" target="_blank"><b>MasterCard</b></a>&nbsp;(NYSE: MA),&nbsp;<a href="http://www.mastercard.com/" target="_blank"><b>www.mastercard.com</b></a>,<b>&nbsp;</b>is a technology company in the global payments industry. We operate&nbsp;the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard’s products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter <a href="https://twitter.com/#!/MasterCardNews" target="_blank"><b>@MasterCardNews</b></a><b>,&nbsp;</b>join the discussion on the&nbsp;<a href="http://newsroom.mastercard.com/blog/" target="_blank"><b>Cashless Conversations Blog</b></a>&nbsp;and&nbsp;<a href="http://newsroom.mastercard.com/subscribe/" target="_blank"><b>subscribe</b></a>&nbsp;for the latest <a href="http://newsroom.mastercard.com/" target="_blank"><b>news</b></a>.</p> The MasterCard Survey on Consumer Purchasing Priorities, released twice yearly, provides valuable insights into consumers’ discretionary spending priorities for the six months ahead. The latest survey was conducted from 15 March to 27 April 2011 and involved 10,374 consumers from 14 markets across Asia/Pacific.http://www1.mastercard.com/content/intelligence/en/research/press-release/2011/dining-out-cinemas-and-ktv-are-top-priories-for-chinese-consumers2011-10-16T16:00:00.000Z2011-10-16T16:00:00.000ZLocal Consumers’ Spend on Dining and Entertainment Continues to Thrive Despite Inflation: MasterCard Survey Catherine Yuen, Gloria Lai Hongkongers Spend at Least HK$1,500 on Eating Out Every Month, and One in Four Plan to Dine More, Play More in the Next Six Months<p><b><i>Hong Kong, 15 September 2011 </i></b>– Hong Kong’s spending on dining and entertainment was one of the highest in Asia/Pacific, according to findings from the latest MasterCard survey on Consumer Purchasing Priorities – Dining and Entertainment.</p> <p>On average local respondents claimed to set aside 18% of their monthly personal income to be spent on leisure and entertainment activities, the highest – along with China (18%) – across all 14 markets<sup>[<a href="#1">1</a>]</sup> in the region. They also spend approximately HK$1,520 (US$195) per month on eating out, ranked third in the region after Japan (US$213) and Singapore (US$212).</p> <p>One in four (26%) respondents from Hong Kong plan to dine out more and spend more time on leisure and entertainment activities in the coming six months, making it the second most optimistic market in Asia/Pacific after India for dining and South Korea for entertainment.</p> <p>“While it is no surprise that dining and entertainment are at the top of consumer spending priorities, Hong Kong is after all famed for its culinary excellence, it is encouraging to see local consumers are one of the most optimistic in the region despite inflation and economic uncertainty,” said Jeroen van Son, Head of Hong Kong and Macau, MasterCard Worldwide.</p> <p>In Asia/Pacific, the majority of respondents (17%) expect to eat out&nbsp; more in the coming six months. India (27%), Hong Kong (26%) and Singapore (23%) rank well above the Asia/Pacific average with the strongest intention to eat out more often; while Philippines (45%), Malaysia and Thailand (both 39%) saw the highest proportions of respondents who plan to eat out less in the next six months.</p> <p>Overall outlook for time spent on leisure is optimistic for respondents from South Korea (33%), Hong Kong and Singapore (both 26%) compared to other markets. 20% of respondents in the region plan to spend more time in the next six months on leisure and entertainment activities.</p> <p>Other interesting findings about Hong Kong consumers include:&nbsp;</p> <ul> <li>Mid-range family restaurants (82%), fast food restaurants (81%), and food courts (80%) are the most popular among local diners. Most respondents visited each place approximately nine times every month.</li> <li>Watching movies at the cinema is the most popular leisure activity in Hong Kong, with three quarters (74%) of respondents having been to a movie in the past six months. These respondents had on average gone to a cinema 3 times a month.</li> <li>Interestingly, karaoke lounges are the third most popular entertainment outlet. Nearly one in two (43%) respondents went for karaoke in the past six months.</li> <li>Older and more affluent consumers were more likely to go to live performances and sporting events than their counterparts.</li> </ul> <p>The latest survey was conducted from 15 March to 27 April 2011 and involved 10,374 consumers from 14 markets. Data collection was via internet surveys, personal, telephone and Computer Aided Telephone interviews, with the questionnaire translated to the local language wherever appropriate and necessary. <i>The Index and its accompanying reports do not represent MasterCard financial performance.</i></p> <p></p> <p></p> <p></p> <p><i><a name="1"></a>[1] Australia, China, Hong Kong, India, Indonesia, Japan, Malaysia, New Zealand, Philippines, Singapore, South Korea, Taiwan, Thailand, Vietnam&nbsp;</i></p> <p></p> <p></p> <p></p> Top Five Dining & Entertainment Outlets in Hong Kong<table border="1" cellspacing="0" cellpadding="0" width="100%"> <tbody><tr><th class="table-description" colspan="2"><b><u>Dining </u></b></th> <th class="table-description" colspan="2"><b><u>Entertainment</u></b></th> </tr><tr><td><b>1</b></td> <td>Mid-Range Family Restaurant</td> <td><b>1</b></td> <td>Cinema</td> </tr><tr><td><b>2</b></td> <td>Quick Serve/ Fast Food Restaurant</td> <td><b>2</b></td> <td>Amusement/ Theme Park</td> </tr><tr><td><b>3</b></td> <td>Food Court</td> <td><b>3</b></td> <td>Karaoke Lounge</td> </tr><tr><td><b>4</b></td> <td>Fine Dining Restaurant (Standalone)</td> <td><b>4</b></td> <td>Live Performance</td> </tr><tr><td><b>5</b></td> <td>Fine Dining Restaurant (Within hotel)</td> <td><b>5</b></td> <td>Video Arcade</td> </tr></tbody></table> <p><i><br type="_moz"> </i></p> MasterCard and its Suite of Research Properties Asia/Pacific, Middle East & Africa<p>The MasterCard Worldwide Index suite in Asia/Pacific, Middle East and Africa includes the long-running MasterCard Worldwide Index of Consumer Confidence, as well as the MasterCard Worldwide Index of Women’s Advancement, Online Shopping, Index of Financial Literacy, and the Index of Global Destination Cities. In addition to the Indices, MasterCard’s research properties also include a range of consumer surveys including Ethical Spending and a series on Consumer Purchasing Priorities (covering Travel, Dining &amp; Entertainment, Education, Money Management, Luxury and General Shopping).&nbsp;</p> <p>MasterCard also regularly releases Insights reports providing analysis of business dynamics, financial policies and regulatory activities in the Asia/Pacific, Middle East and Africa region. Over 80 Insights reports have been produced since 2004.</p> <p>MasterCard has also released a series of four books on Asian consumer insights, authored by Dr. Yuwa Hedrick-Wong, Global Economic Advisor for MasterCard Worldwide and published by John Wiley &amp; Sons.&nbsp;</p> <p></p> About MasterCard <p><a href="http://www.mastercard.com/index.html" target="_blank"><b>MasterCard</b></a>&nbsp;(NYSE: MA),&nbsp;<a href="http://www.mastercard.com/" target="_blank"><b>www.mastercard.com</b></a>,<b>&nbsp;</b>is a technology company in the global payments industry. We operate&nbsp;the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard’s products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter <a href="https://twitter.com/#!/MasterCardNews" target="_blank"><b>@MasterCardNews</b></a><b>,&nbsp;</b>join the discussion on the&nbsp;<a href="http://newsroom.mastercard.com/blog/" target="_blank"><b>Cashless Conversations Blog</b></a>&nbsp;and&nbsp;<a href="http://newsroom.mastercard.com/subscribe/" target="_blank"><b>subscribe</b></a>&nbsp;for the latest <a href="http://newsroom.mastercard.com/" target="_blank"><b>news</b></a>.</p> The MasterCard Survey on Consumer Purchasing Priorities, released twice yearly, provides valuable insights into consumers’ discretionary spending priorities for the six months ahead. The latest survey was conducted from 15 March to 27 April 2011 and involved 10,374 consumers from 14 markets.http://www1.mastercard.com/content/intelligence/en/research/press-release/2011/local-consumers-spend-on-dining-and-entertainment-continue-to-thrive-despite-inflaton2011-09-14T16:00:00.000Z2011-09-14T16:00:00.000ZMovies and Eating Out Top Malaysians’ Reasons to Spend: MasterCard Survey Kashini Krishnamurthy, Nabila AdnanMovies and Eating Out Top Malaysians’ Reasons to Spend: MasterCard Survey <p><b><i>Kuala Lumpur, 1 November 2011: </i></b>Consumers across Asia/Pacific continue to plan to eat out and have a good time despite the global economic uncertainty. According to the results of the latest MasterCard Survey on Consumer Purchasing Priorities – Dining and Entertainment, nearly 80% of respondents among the Asia/Pacific markets surveyed want to spend more than or the same amount of time on dining out and leisure activities in the coming months as they are currently doing.<b><i></i></b></p> <p>Quick serve/fast-food restaurants (71%), mid-range family restaurants and cafés (68%), and food courts (66%) came up as the most popular dining outlets visited by respondents across Asia/Pacific in the past six months. In terms of the frequency of visit, though, the most favored were food courts, seeing an average of six visits a month by those respondents across Asia/Pacific who had visited a food court in the last six months. Topping the list were the Singaporean (16 times a month), Malaysian and Hong Kong (9 times each) and China (8 times) respondents. Next on the list was the quick-serve/fast-food restaurants category, led by Hong Kong (10 times a month) and China (9 times).</p> <p>In terms of the amount spent on eating out each month, the most lavish spenders in Asia/Pacific would be the Japanese (USD213 a month), Singaporeans (USD212) and Hong Kong consumers (USD195).&nbsp;&nbsp; On the other hand of the spectrum were the respondents from India and Indonesia – less than USD40 a month – a reflection of their relatively low average monthly income compared to the other markets surveyed.</p> <p>Malaysians most frequently visited food courts and quick serve/fast-food restaurants—73% of respondents said to have visited a food court at least 9 times in the past six months, while 65% had dined at quick serve/fast food restaurants at least 4 times. The remaining respondents opted for fine dining within hotels (17%), fine dining standalone restaurants (17%) as well as pubs/bars (12%). Nine percent of the respondents said they plan to eat out more in the coming months than in the past six months. The survey results also revealed that Malaysian respondents spent an average of US$120 on eating out every month.</p> <p>It appears that catching a movie is the most preferred activity for most respondents after a good meal: cinemas were the top entertainment outlet visited in the last six months for 12 of the 14 markets surveyed, led by Australia and Singapore (75%) and South Korea (74%). Amusement and theme parks came in second, especially preferred by the Indonesia (65%) and Hong Kong (59%) respondents. Karaoke lounges and KTV seem to be popular with the China (50%), Hong Kong (43%) and Taiwan (44%) respondents.</p> <p>For Malaysian respondents, going to the cinema is by far the most popular choice for entertainment, with 45% of the respondents visiting the cinema twice per month on an average. Other options respondents looked to go for entertainment were amusement/theme park (15%) and karaoke lounge/KTV (16%), with an average of two and three visits per month respectively. Looking ahead, Malaysian respondents (38%) picked cinemas as the key entertainment outlet of choice.</p> <p>The pattern remains more or less unchanged when respondents were asked about their intention to visit these entertainment outlets in the near future, with cinemas and amusements parks taking the lead as popular venues. Interestingly, however, more respondents across all markets surveyed intend to visit gyms and health clubs in the next few months, led by Thailand, where 44% intend to visit in the months ahead compared to 26% who went in the last six months, and the Philippines (from 20% to 32%). Also, in 9 of the 14 markets surveyed, consumers want to cut down on their visits to pubs and nightclubs, especially in South Korea (from 46% to 32%) and Japan (from 46% to 40%).</p> <p>In comparison to dining and entertainment activities, what people spend their leisure time on is more varied across the region. Food (cooking or wine) ranks number one for respondents from Australia (61%), Japan (67%), New Zealand (69%), Singapore (68%), South Korea (52%), Taiwan (64%) and Vietnam (50%). Browsing the Internet is preferred by respondents from China (43%), Malaysia (45%), Hong Kong (70%), the Philippines (73%) and Thailand (72%). Indians (68%) love to shop and Indonesians prefer to sweat it out with a sport (35%), while Malaysians (47%) like to curl up with a book and read.</p> <p>Most markets have nearly 50% of respondents claiming to set aside less than 10% of their personal monthly income for leisure activities. Respondents from Vietnam (51%), Hong Kong (48%) and China (43%) however set aside 11-30% of their monthly income for leisure activities.</p> <p>Nagesh Devata, vice president, Market Development, Asia/Pacific, Middle East &amp; Africa, MasterCard Worldwide said, “It is interesting to see the resilience of dining out across all the markets surveyed; cooking, and wining and dining even come up as a top-ranked leisure activity for most consumers. What the latest MasterCard survey shows is that despite the current unsettled economic climate, people continue to set aside valuable time and money for their favorite activities, be it dining out, going to the gym or watching a movie.”</p> <p>The latest survey was conducted from 15 March to 27 April 2011 and involved 10,374 consumers from 14 markets<sup><sup>[<a href="#1">1</a>]</sup></sup>. Data collection was via internet surveys, personal, telephone and Computer Aided Telephone interviews, with the questionnaire translated to the local language wherever appropriate and necessary. <i>The Index and its accompanying reports do not represent MasterCard financial performance.</i></p> <p>For the full report, please visit <a href="http://www.masterintelligence.com/"><b>www.masterintelligence.com</b></a></p> <p></p> <p></p> <p></p> <p><i><a name="1"></a>[1]Australia, China, Hong Kong, India, Indonesia, Japan, Malaysia, New Zealand, Philippines, Singapore, South Korea, Taiwan, Thailand, Vietnam</i></p> <p></p> <p></p> <p></p> Chart 1: Outlook for dining out in the six months ahead compared to the last six months (as percentage of respondents) <p><a href="/content/dam/intelligence/content-assets/Outlookfordiningoutinthesixmonthsaheadcomparedtothelastsixmonths.JPG" target="_blank"><img width="511" height="383" src="/content/dam/intelligence/content-assets/Outlookfordiningoutinthesixmonthsaheadcomparedtothelastsixmonths.JPG"></a></p> <p></p> Chart 2: Intention to step up visits to the gym in the six months ahead (as percentage of respondents)<p><a href="/content/dam/intelligence/content-assets/Intentiontostepupvisitstothegyminthesixmonthsahead.JPG" target="_blank"><img width="457" height="220" src="/content/dam/intelligence/content-assets/Intentiontostepupvisitstothegyminthesixmonthsahead.JPG"></a></p> <p></p> MasterCard and its Suite of Research Properties Asia/Pacific, Middle East & Africa <p>The MasterCard Worldwide Index suite in Asia/Pacific, Middle East and Africa includes the long-running MasterCard Worldwide Index of Consumer Confidence, as well as the&nbsp;MasterCard Worldwide Index of Women’s Advancement, Online Shopping,&nbsp;Index of Financial Literacy, and the&nbsp;<a href="http://newsroom.mastercard.com/digital-press-kits/mastercard-global-destination-cities-index-2013/" target="_blank"><b>Index of Global Destination Cities</b></a>. In addition to the Indices, MasterCard’s research properties also include a range of consumer surveys including Ethical Spending&nbsp;and a series on&nbsp;Consumer Purchasing Priorities&nbsp;(covering&nbsp;Travel,&nbsp;Dining &amp; Entertainment, Education,&nbsp;Money Management,&nbsp;Luxury&nbsp;and General Shopping).</p> <p>MasterCard also regularly releases Insights reports providing analysis of business dynamics, financial policies and regulatory activities in the Asia/Pacific, Middle East and Africa region. Over 80 Insights reports have been produced since 2004.</p> <p>MasterCard has also released a series of four books on Asian consumer insights, authored by&nbsp;<a href="http://newsroom.mastercard.com/people/dyuwa/" target="_blank"><b>Dr. Yuwa Hedrick-Wong</b></a>, Global Economic Advisor for MasterCard Worldwide and published by John Wiley &amp; Sons.</p> About MasterCard<p><a href="http://www.mastercard.com/index.html" target="_blank"><b>MasterCard</b></a>&nbsp;(NYSE: MA),&nbsp;<a href="http://www.mastercard.com/" target="_blank"><b>www.mastercard.com</b></a>,<b>&nbsp;</b>is a technology company in the global payments industry. We operate&nbsp;the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard’s products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter <a href="https://twitter.com/#!/MasterCardNews" target="_blank"><b>@MasterCardNews</b></a><b>,&nbsp;</b>join the discussion on the&nbsp;<a href="http://newsroom.mastercard.com/blog/" target="_blank"><b>Cashless Conversations Blog</b></a>&nbsp;and&nbsp;<a href="http://newsroom.mastercard.com/subscribe/" target="_blank"><b>subscribe</b></a>&nbsp;for the latest <a href="http://newsroom.mastercard.com/" target="_blank"><b>news</b></a>.</p> The MasterCard Survey on Consumer Purchasing Priorities, released twice yearly, provides valuable insights into consumers’ discretionary spending priorities for the six months ahead. The latest survey was conducted from 15 March to 27 April 2011 and involved 10.374 consumers from 14 markets. http://www1.mastercard.com/content/intelligence/en/research/press-release/2011/movies-and-eating-out-top-malaysians-reasons-to-spend2011-10-31T16:00:00.000Z2011-10-31T16:00:00.000ZDining and Entertainment Tops Koreans’ Purchasing Priorities: MasterCard Survey IW Cho, MH Kim Dining and Entertainment Tops Koreans’ Purchasing Priorities: MasterCard Survey<p><b><i>S</i></b><b><i>eoul</i></b><b><i>, </i></b><b><i>7</i></b><b><i> </i></b><b><i>March </i></b><b><i>2011</i></b>: Consumers in Korea said Dining and Entertainment (78%) would be their top purchasing priority for the next six months, according to the MasterCard Survey on Consumer Purchasing Priorities. Besides Dining and Entertainment, Korean consumers responded that Fashion and Accessories (56%), Consumer Electronics (48%), Continuing Education for Self-Improvement (42%), Children’s Education (38%), Fitness and Wellness (37%), and Personal Air Travel (31%) are their top spending priorities in the next six months.</p> <p>Among Korean respondents, 18% of consumers plan to increase their discretionary spending, 59% of them plan to maintain their level of discretionary spending, and the remaining 23% of consumers plan to decrease their discretionary spending.</p> <p></p> <p>The MasterCard Survey on Consumer Purchasing Priorities, released twice yearly, provides valuable insights into consumers’ discretionary spending priorities for the six months ahead. The latest survey was conducted from 13 September to 11 November 2010 and involved 10,502 consumers from 24 markets<sup>[<a href="#1">1</a>]</sup> across Asia/Pacific, Middle East and Africa. Data collection was via internet surveys, personal, telephone and Computer Aided Telephone interviews, with the questionnaire translated to the local language wherever appropriate and necessary. <i>The Survey and its accompanying reports do not represent MasterCard financial performance.</i><i></i></p> <p></p> <p>Similarly, consumers across the Asia/Pacific region expect Dining and Entertainment to be their top spending priority for the next six months. 69% of consumers in Asia/Pacific said they would spend on Dining and Entertainment in the next six months, just a percentage point shy of the highest indicated level since the survey began, representing a growth of four points from six months ago.</p> <p>In all but one of the Asia/Pacific markets included in the survey, Dining and Entertainment was the top spending priority. The top three markets in the region were Vietnam (89%), Korea (78%) and Hong Kong (75%).</p> <p>The percentage of consumers in Asia/Pacific going to spend on Fashion and Accessories has increased by 6 percentage points to 50% from six months ago. The category is second only to Dining and Entertainment in Australia (50%), New Zealand (53%), Singapore (58%), China (64%) and Vietnam (78%). Another category that grew was Consumer Electronics. Some 43% of consumers surveyed across Asia/Pacific plan to spend on consumer electronics in the next six months, up 6 points from the second half of 2010.</p> <p>The growth trend in Asia/Pacific for spending priorities in the Dining and Entertainment, Fashion and Accessories and Consumer Electronics categories is supported by the fact that most consumers are planning to maintain the same level of discretionary spending for the first half of 2011 as six months ago. Some 52% of consumers in Asia/Pacific are planning to maintain the same level of discretionary spending, while 19% intend to increase their spending and 29% are planning to decrease their spending. Taken together, these numbers represent the most favorable sentiment in terms of discretionary spending intentions since the survey started collecting this data.</p> <p>In Asia/Pacific, China (31%), Hong Kong (29%) and India (26%) have the highest percentage of consumers planning to increase their discretionary spending in the next six months while countries with the highest percentage of consumers planning to maintain their level of discretionary spending are Vietnam (62%), Australia (59%) and Korea (59%).</p> <p>Derived from data in the survey, the MasterCard Worldwide Index of Consumer Purchasing Resilience measures how resilient the categories in the survey are to unexpected cutbacks in planned expenditure. A scale of 0 to 100 is used for the Index, with 100 being the most resilient. The more resilient a category is, the less likely there will be a reduction in spending for that category in the event of an unexpected shock to expenditure.</p> <p>According to the MasterCard Worldwide Index of Consumer Purchasing Resilience, the most resilient category for discretionary spending is private tuition and extracurricular activities for one’s children. The category was the most resilient in half of the markets surveyed, with the highest Index scores for the Asia/Pacific in India (95.7), Vietnam (92.7) and Indonesia (88.9).</p> <p>Personal Air Travel is the most resilient category in Australia (72.8) and Singapore (64.4). Consumer electronics tops the Index in Japan (68.5), Fitness and Wellness in New Zealand (76.7) while Fashion and Accessories is the most resilient category in Morocco (85.4).</p> <p>Yunsok Chang, group executive, Global Products and Solutions, Asia/Pacific, Middle East &amp; Africa, MasterCard Worldwide, said “While it is no surprise that dining and entertainment is at the top of consumers priorities again, it is interesting to see continued positive movement in terms of priorities for the three top categories for the third year running – this is in line with regional economic sentiment and growth over the last six months. Combined with the data on discretionary spending, which are at the highest levels since the survey began, the latest findings show strong consumer sentiment for private consumption over the first half of 2011.”</p> <p><a name="1"></a>[1] <i>Markets surveyed include Australia, China, Egypt, Hong Kong, India, Indonesia, Japan, Kenya, Kuwait, Lebanon, Malaysia, Morocco, New Zealand, Nigeria, Philippines, Qatar, Saudi Arabia, South Africa, South Korea, Singapore, Taiwan, Thailand, United Arab Emirates and Vietnam.&nbsp;</i></p> <p></p> MasterCard and its Suite of Research Properties <p>The MasterCard Worldwide Index suite in Asia/Pacific, Middle East and Africa includes the long-running MasterCard Worldwide Index of Consumer Confidence, as well as the&nbsp;MasterCard Worldwide Index of Women’s Advancement, Online Shopping,&nbsp;Index of Financial Literacy, and the&nbsp;<a href="http://newsroom.mastercard.com/digital-press-kits/mastercard-global-destination-cities-index-2013/" target="_blank"><b>Index of Global Destination Cities</b></a>. In addition to the Indices, MasterCard’s research properties also include a range of consumer surveys including Ethical Spending&nbsp;and a series on&nbsp;Consumer Purchasing Priorities&nbsp;(covering&nbsp;Travel,&nbsp;Dining &amp; Entertainment, Education,&nbsp;Money Management,&nbsp;Luxury&nbsp;and General Shopping).</p> <p>MasterCard also regularly releases Insights reports providing analysis of business dynamics, financial policies and regulatory activities in the Asia/Pacific, Middle East and Africa region. Over 80 Insights reports have been produced since 2004.</p> <p>MasterCard has also released a series of four books on Asian consumer insights, authored by&nbsp;<a href="http://newsroom.mastercard.com/people/dyuwa/" target="_blank"><b>Dr. Yuwa Hedrick-Wong</b></a>, Global Economic Advisor for MasterCard Worldwide and published by John Wiley &amp; Sons.</p> About MasterCard Worldwide<p><a href="http://www.mastercard.com/index.html" target="_blank"><b>MasterCard</b></a>&nbsp;(NYSE: MA),&nbsp;<a href="http://www.mastercard.com/" target="_blank"><b>www.mastercard.com</b></a>,<b>&nbsp;</b>is a technology company in the global payments industry. We operate&nbsp;the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard’s products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter <a href="https://twitter.com/#!/MasterCardNews" target="_blank"><b>@MasterCardNews</b></a><b>,&nbsp;</b>join the discussion on the&nbsp;<a href="http://newsroom.mastercard.com/blog/" target="_blank"><b>Cashless Conversations Blog</b></a>&nbsp;and&nbsp;<a href="http://newsroom.mastercard.com/subscribe/" target="_blank"><b>subscribe</b></a>&nbsp;for the latest <a href="http://newsroom.mastercard.com/" target="_blank"><b>news</b></a>.</p> The MasterCard Survey on Consumer Purchasing Priorities, released twice yearly, provides valuable insights into consumers’ discretionary spending priorities for the six months ahead. The latest survey was conducted from 13 September to 11 November 2010 and involved 10,502 consumers from 24 markets across Asia/Pacific, Middle East and Africa.http://www1.mastercard.com/content/intelligence/en/research/press-release/2011/dining-and-entertainment-tops-koreans-purchasing-piorities2011-03-06T16:00:00.000Z2011-03-06T16:00:00.000ZDining out Still on the Menu for Cautious Consumers Julia RoganMasterCard Survey: Debit a Popular Payment Option for Gen <p><b><i>Sydney, 10 November 2011:</i></b> Despite continuing caution among consumers, Australians are still prepared to reward themselves through discretionary spending on entertainment and leisure activities, according to the latest MasterCard survey on Consumer Purchasing Priorities – Dining and Entertainment.</p> <p>Even though the latest ABS retail statistics show retail spending is experiencing some small growth<sup>[<a href="#1">1</a>]</sup>, overall Australian purse strings remain tight and the November RBA interest rate cut (of 0.25% to 4.50%) will provide welcome relief to households.</p> <p>This wave of research, which surveyed 647 Australians, highlights that consumers are still prepared to selectively spend on leisure and entertainment, although the proportion varies greatly amongst generation groups – with 12% of Gen Y allocating more than 30% of their monthly income; falling to 3% for Gen X and 1% for baby boomers. <i>The Index and its accompanying reports do not represent MasterCard financial performance.</i></p> <p></p> <p>Overall one in five Australians (22%) are setting aside 11-20 per cent of their monthly income for leisure and personal entertainment, with one in ten allocating as much as 21 to 30 per cent.</p> <p>However, personal entertainment falls low on the list of priorities for over a third of Australians when it comes to their expenditure, with almost one third (29%) spending less than six per cent of their monthly income on leisure activities. On average, 13 per cent of monthly income is dedicated to entertainment spend, which is below the Asia Pacific regional average of 14%.</p> <p>MasterCard Australia Country Manager Andrew Cartwright says: “Whilst the latest ABS statistics suggest small growth, overall Australians are keeping a watchful eye on the ever changing economic situation and are mindful of their outgoings. This means choices on non essential spending, such as leisure and entertainment, will be more carefully made with a sharper focus on value and satisfaction.”</p> <p><i><a name="1"></a>[1] September key retail trade figures from the Australian Bureau of Statistics,</i></p> <p></p> <p></p> <p><a href="http://www.abs.gov.au/AUSSTATS/abs@.nsf/mf/8501.0" target="_blank"><b>http://www.abs.gov.au/AUSSTATS/abs@.nsf/mf/8501.0</b></a></p> <p></p> <p></p> <p></p> Spending on Debit<p>Australians are also continuing to spend on dining out with friends and family and, on average, set aside US$136 on eating out each month. When it comes to footing the bill, all generations are recognising the benefits of paying on debit and accessing only the money available in their bank accounts, with Gen Y (18-29 year olds) most likely to use debit cards across all dining categories, from food courts to fine dining restaurants.</p> <p>MasterCard Australia Country Manager, Andrew Cartwright said this demonstrates the decline in the reliance on cash among younger consumers.</p> <p>“Gen Y is leading the charge when it comes to embracing a cashless society, through convenient payment technologies like <i>PayPass</i>. MasterCard’s research further highlights this trend alongside the rapid uptake and growth in <i>PayPass</i> transactions,[1] which this year exceeded one million transactions a month in Australia for the first time since its launch here.</p> <p>[1] MasterCard announced in March this year with the launch of Roadmap, that <i>PayPass</i> will be a standard feature on all newly issued MasterCard’s from October 2012</p> <p></p> Live Entertainment<p>When it comes to choosing where to spend their monthly entertainment budget, consumers vary greatly, with more than one third (34%) planning to attend live sporting events and almost half (48%) intending to go to a live performance over a six month period.</p> <p>In addition, Australians still clearly love a night out at the movies, with three quarters (75%) visiting the cinema over a six month period and almost a quarter (24%) going to the movies, two to three times a month.&nbsp;</p> <p></p> Other Key Research Findings:<ul> <li>42% of Australians plan to visit a pub or nightclub in the coming months</li> <li>Of those who visit pubs or bars, one third (33%) visit two to three times a month</li> <li>31% of Australians are looking to visit an amusement/theme park in the near future</li> <li>Nearly one third (32%) visit fine dining restaurants once per month</li> </ul> <p>&nbsp;For the full report go to: <a href="http://www.masterintelligence.com/"><b>www.masterintelligence.com</b></a></p> <p></p> MasterCard and its Suite of Research Properties Asia/Pacific, Middle East & Africa<p>The MasterCard Worldwide Index suite in Asia/Pacific, Middle East and Africa includes the long-running MasterCard Worldwide Index of Consumer Confidence, as well as the&nbsp;MasterCard Worldwide Index of Women’s Advancement, Online Shopping,&nbsp;Index of Financial Literacy, and the&nbsp;<a href="http://newsroom.mastercard.com/digital-press-kits/mastercard-global-destination-cities-index-2013/" target="_blank"><b>Index of Global Destination Cities</b></a>. In addition to the Indices, MasterCard’s research properties also include a range of consumer surveys including Ethical Spending&nbsp;and a series on&nbsp;Consumer Purchasing Priorities&nbsp;(covering&nbsp;Travel,&nbsp;Dining &amp; Entertainment, Education,&nbsp;Money Management,&nbsp;Luxury&nbsp;and General Shopping).</p> <p>MasterCard also regularly releases Insights reports providing analysis of business dynamics, financial policies and regulatory activities in the Asia/Pacific, Middle East and Africa region. Over 80 Insights reports have been produced since 2004.</p> <p>MasterCard has also released a series of four books on Asian consumer insights, authored by&nbsp;<a href="http://newsroom.mastercard.com/people/dyuwa/" target="_blank"><b>Dr. Yuwa Hedrick-Wong</b></a>, Global Economic Advisor for MasterCard Worldwide and published by John Wiley &amp; Sons.</p> About MasterCard Worldwide<p><a href="http://www.mastercard.com/index.html" target="_blank"><b>MasterCard</b></a>&nbsp;(NYSE: MA),&nbsp;<a href="http://www.mastercard.com/" target="_blank"><b>www.mastercard.com</b></a>,<b>&nbsp;</b>is a technology company in the global payments industry. We operate&nbsp;the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard’s products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter <a href="https://twitter.com/#!/MasterCardNews" target="_blank"><b>@MasterCardNews</b></a><b>,&nbsp;</b>join the discussion on the&nbsp;<a href="http://newsroom.mastercard.com/blog/" target="_blank"><b>Cashless Conversations Blog</b></a>&nbsp;and&nbsp;<a href="http://newsroom.mastercard.com/subscribe/" target="_blank"><b>subscribe</b></a>&nbsp;for the latest <a href="http://newsroom.mastercard.com/" target="_blank"><b>news</b></a>.</p> The MasterCard Survey on Consumer Purchasing Priorities, released twice yearly, provides valuable insights into consumers’ discretionary spending priorities for the six months ahead.http://www1.mastercard.com/content/intelligence/en/research/press-release/2011/dining-out-still-on-the-menu-for-cautious-consumers2011-11-09T16:00:00.000Z2011-11-09T16:00:00.000ZDining and Entertainment is Top Priority Amongst Taiwanese: MasterCard Survey Mark LaiDining and Entertainment is Top Priority Amongst Taiwanese: MasterCard Survey<p><b><i>Taipei, 01 Oct 2011 </i></b>– Consumers from Taiwan continue to prioritize Dining &amp; Entertainment as an important part of their lives, with an optimistic outlook towards the coming months. The results of the latest MasterCard Worldwide Index of Consumer Purchasing Priorities - Dining and Entertainment, reflect that 89% of respondents from Taiwan plan to eat out more than or the same amount moving forward compared to what as they are currently doing.</p> <p>The latest survey was conducted from 15 March to 27 April 2011 and involved 10,374 consumers from 14 markets. Data collection was via internet surveys, personal, telephone and Computer Aided Telephone interviews, with the questionnaire translated to the local language wherever appropriate and necessary. <i>The Index and its accompanying reports do not represent MasterCard financial performance.</i></p> <p>Taiwanese consumers rank within the top 4 markets in Asia/Pacific for average spending on dining per month, at US$165 (almost NT $4785). This is behind respondents from Japan (US $213), Singapore (US $212) and Hong Kong (US $195).</p> <p>Spend on dining out as a percentage of monthly household income is 5.1% for Taiwanese respondents, slightly above the Asia/Pacific average of 4.9%. The top three markets spending the largest proportion of monthly household income on dining out were Vietnam (9.2%), China (9.1%) and Thailand (6.8%).</p> <p>Food courts came up as the most favored dining outlet amongst Taiwanese, receiving an average of six visits a month. Given the popularity of food courts, cash is the most preferred way of payment, however a strong 72% of Taiwanese respondents used a credit card when they visit fine dining restaurants.</p> <p>Looking towards the coming months, Taiwanese consumers are relatively stable in their intention to dine out, with 70% expecting to eat out the same as in the past 6 months, and only 17% anticipating that they will be eating out more. India (27%), Hong Kong (26%) and Singapore (23%) ranked as the top three countries in Asia/Pacific anticipating to eat out more.</p> <p>The MasterCard survey also revealed that shopping (50%) is the leisure activity of choice for people in Asia/Pacific. Dining out ranked second (46%), with surfing the internet chosen as the third most preferred activity (42%). In Taiwan however, the most popular leisure activity was dining out (64%), followed by surfing the internet (57%) and shopping (54%).</p> <p>The survey also revealed that the ratio of spending on leisure activities to monthly income in Taiwan is 13%, in line with the Asia/Pacific average.&nbsp; The top three markets spending on leisure as a proportion of their monthly household income are Hong Kong (18%), China (18%) and Thailand (17%). Looking ahead, 70% of Taiwanese respondents anticipate they will spend the same amount of time on leisure. South Korea (33%), Hong Kong (26%), and Singapore (26%) were more optimistic regarding expectations for leisure activities, their ratios all being over or near 30%.</p> <p>“The latest survey from MasterCard shows that Taiwanese respondents view dining and entertainment as an integral part of their daily lives, setting aside time and money to enjoy the finer things in life. However, with the state of the current global economic climate the way it is, it’s no surprise that consumers appear to be taking a conservative stance towards spending on entertainment when planning for the future, “said Julie Yang, head of Taiwan MasterCard Worldwide.</p> <p>Other key findings from the survey include:</p> <ul> <li>Going to the cinemas is a popular activity amongst Taiwanese with two-thirds of respondents planning to watch a movie at a cinema in the near future. This is followed by visiting a theme park (43%) and going to video arcades (42%).</li> <li>Taiwanese appear to be conscious about their fitness, with gyms being the most frequented recreational places (6 times/month) followed by sports bars (4 times/month) and nightclubs (3 times/month).</li> </ul> <p>For the full report go to: <a href="http://www.masterintelligence.com/"><b>www.masterintelligence.com</b></a></p> <p></p> MasterCard and its Suite of Research Properties Asia/Pacific, Middle East & Africa<p>The MasterCard Worldwide Index suite in Asia/Pacific, Middle East and Africa includes the long-running MasterCard Worldwide Index of Consumer Confidence, as well as the&nbsp;MasterCard Worldwide Index of Women’s Advancement, Online Shopping,&nbsp;Index of Financial Literacy, and the&nbsp;<a href="http://newsroom.mastercard.com/digital-press-kits/mastercard-global-destination-cities-index-2013/" target="_blank"><b>Index of Global Destination Cities</b></a>. In addition to the Indices, MasterCard’s research properties also include a range of consumer surveys including Ethical Spending&nbsp;and a series on&nbsp;Consumer Purchasing Priorities&nbsp;(covering&nbsp;Travel,&nbsp;Dining &amp; Entertainment, Education,&nbsp;Money Management,&nbsp;Luxury&nbsp;and General Shopping).</p> <p>MasterCard also regularly releases Insights reports providing analysis of business dynamics, financial policies and regulatory activities in the Asia/Pacific, Middle East and Africa region. Over 80 Insights reports have been produced since 2004.</p> <p>MasterCard has also released a series of four books on Asian consumer insights, authored by&nbsp;<a href="http://newsroom.mastercard.com/people/dyuwa/" target="_blank"><b>Dr. Yuwa Hedrick-Wong</b></a>, Global Economic Advisor for MasterCard Worldwide and published by John Wiley &amp; Sons.</p> About MasterCard Worldwide<p><a href="http://www.mastercard.com/index.html" target="_blank"><b>MasterCard</b></a>&nbsp;(NYSE: MA),&nbsp;<a href="http://www.mastercard.com/" target="_blank"><b>www.mastercard.com</b></a>,<b>&nbsp;</b>is a technology company in the global payments industry. We operate&nbsp;the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard’s products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter <a href="https://twitter.com/#!/MasterCardNews" target="_blank"><b>@MasterCardNews</b></a><b>,&nbsp;</b>join the discussion on the&nbsp;<a href="http://newsroom.mastercard.com/blog/" target="_blank"><b>Cashless Conversations Blog</b></a>&nbsp;and&nbsp;<a href="http://newsroom.mastercard.com/subscribe/" target="_blank"><b>subscribe</b></a>&nbsp;for the latest <a href="http://newsroom.mastercard.com/" target="_blank"><b>news</b></a>.</p> The MasterCard Survey on Consumer Purchasing Priorities, released twice yearly, provides valuable insights into consumers’ discretionary spending priorities for the six months ahead.The research is based on a survey conducted between 15 March to 27 April 2011 and involved 10,374 respondents from 14 markets. The survey findings are part of MasterCard’s suite of research into Consumer Purchasing Priorities in the Asia/Pacific region.http://www1.mastercard.com/content/intelligence/en/research/press-release/2011/dining-and-entertainment-is-top-priority-amongst-taiwanese2011-09-30T16:00:00.000Z2011-09-30T16:00:00.000ZDining and Entertainment Tops Purchasing Priorities List for Third Year Running in Singapore: MasterCard Survey Ashwin Seshadri, Linda Lee Top spend category amongst MasterCard cardholders in Singapore in 2010 was Restaurants/Bars <p><b><i>Singapore, 7 February 2011</i></b>: Consumers in Singapore are living up to their food-lovers reputation as they continue to make Dining and Entertainment their top spending priority for the next six months. According to the MasterCard Survey on Consumer Purchasing Priorities released today, 74% of consumers in Singapore said they would spend on Dining and Entertainment in the next six months, the highest indicated level since the survey began, representing a growth of four points from six months ago. This is behind four other markets - Vietnam (89%), Korea (78%), India (75%) and Hong Kong (75%) – in the Asia/Pacific region. Dining and Entertainment has topped Singaporeans’ list of purchasing priorities for three years running.</p> <p>Meanwhile, Consumer Electronics ties with Fashion &amp; Accessories in second place at 58%, with International Personal Air Travel placing third on Singaporeans’ purchasing priorities at 45%.</p> <p>The MasterCard Survey on Consumer Purchasing Priorities provides valuable insights into consumers’ discretionary spending priorities for the six months ahead. The latest survey was conducted from 13 September to 11 November 2010 and involved 10,502 consumers from 24 markets<sup>[<a href="#1">1</a>]</sup> across Asia/Pacific, Middle East and Africa. In Singapore, 401 consumers were polled in this survey. Data collection was via internet surveys, personal, telephone and computer aided telephone interviews. <i>The Survey and its accompanying reports do not represent MasterCard financial performance.</i></p> <p><i></i>The survey also shows that over half (58%) of consumers in Singapore plan to maintain the same level of discretionary spending in the next six months, a slight dip from 60% six months ago. Meanwhile, 19% of Singaporeans intend to increase their spending, compared to 16% six months ago and 23% are planning to decrease their spending, down one percentage point from the second half of 2010.</p> <p></p> <p>In Asia/Pacific, Vietnam (62%), Australia (59%) and Korea (59%) have the highest percentage of consumers planning to maintain their level of discretionary spending, while countries with the highest percentage of consumers planning to increase their level of discretionary spending in the next six months are China (31%), Hong Kong (29%) and India (26%).</p> <p>In 2010, the top spend category amongst MasterCard cardholders in Singapore was Restaurants/Bars. This is in line with what Singaporeans indicated would be their top spending priority – Dining and Entertainment – in the MasterCard Survey on Consumer Purchasing Priorities in 2010. Other top spend categories in 2010 include Airlines, Healthcare, Clothing Stores and Food Stores.</p> <p>Julienne Loh, vice president and country manager, Singapore, MasterCard Worldwide, said, “Singaporeans have once again put dining and entertainment at the top of their spending priorities, reflecting the local culture behind Singapore’s reputation as one of Asia’s leading hotspots for food and fun. It is also encouraging to note that there is significant upward movement for the top three spending priorities. These are the key contributing factors pointing to an expected increase in discretionary spending by Singapore consumers in the coming months.''</p> <p><a name="1"></a>[1] <i>Markets surveyed include Australia, China, Egypt, Hong Kong, India, Indonesia, Japan, Kenya, Kuwait, Lebanon, Malaysia, Morocco, New Zealand, Nigeria, Philippines, Qatar, Saudi Arabia, South Africa, South Korea, Singapore, Taiwan, Thailand, United Arab Emirates and Vietnam.&nbsp;</i></p> <p></p> MasterCard and its Suite of Research Properties<p>The MasterCard Worldwide Index suite in Asia/Pacific, Middle East and Africa includes the long-running MasterCard Worldwide Index of Consumer Confidence, as well as the&nbsp;MasterCard Worldwide Index of Women’s Advancement, Online Shopping,&nbsp;Index of Financial Literacy, and the&nbsp;<a href="http://newsroom.mastercard.com/digital-press-kits/mastercard-global-destination-cities-index-2013/" target="_blank"><b>Index of Global Destination Cities</b></a>. In addition to the Indices, MasterCard’s research properties also include a range of consumer surveys including Ethical Spending&nbsp;and a series on&nbsp;Consumer Purchasing Priorities&nbsp;(covering&nbsp;Travel,&nbsp;Dining &amp; Entertainment, Education,&nbsp;Money Management,&nbsp;Luxury&nbsp;and General Shopping).</p> <p>MasterCard also regularly releases Insights reports providing analysis of business dynamics, financial policies and regulatory activities in the Asia/Pacific, Middle East and Africa region. Over 80 Insights reports have been produced since 2004.</p> <p>MasterCard has also released a series of four books on Asian consumer insights, authored by&nbsp;<a href="http://newsroom.mastercard.com/people/dyuwa/" target="_blank"><b>Dr. Yuwa Hedrick-Wong</b></a>, Global Economic Advisor for MasterCard Worldwide and published by John Wiley &amp; Sons.</p> About MasterCard Worldwide <p><a href="http://www.mastercard.com/index.html" target="_blank"><b>MasterCard</b></a>&nbsp;(NYSE: MA),&nbsp;<a href="http://www.mastercard.com/" target="_blank"><b>www.mastercard.com</b></a>,<b>&nbsp;</b>is a technology company in the global payments industry. We operate&nbsp;the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard’s products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter <a href="https://twitter.com/#!/MasterCardNews" target="_blank"><b>@MasterCardNews</b></a><b>,&nbsp;</b>join the discussion on the&nbsp;<a href="http://newsroom.mastercard.com/blog/" target="_blank"><b>Cashless Conversations Blog</b></a>&nbsp;and&nbsp;<a href="http://newsroom.mastercard.com/subscribe/" target="_blank"><b>subscribe</b></a>&nbsp;for the latest <a href="http://newsroom.mastercard.com/" target="_blank"><b>news</b></a>.</p> The MasterCard Survey on Consumer Purchasing Priorities, released twice yearly, provides valuable insights into consumers’ discretionary spending priorities for the six months ahead. The latest survey was conducted from 13 September to 11 November 2010 and involved 10,502 consumers from 24 markets across Asia/Pacific, Middle East and Africa.http://www1.mastercard.com/content/intelligence/en/research/press-release/2011/dining-and-entertainment-tops-purchasing-priorities-list-for-third-year-running02011-02-06T16:00:00.000Z2011-02-06T16:00:00.000ZStrong Aussie Dollar Influences One in Four Travel Plans Julia RoganMasterCard Research: Soaring Dollar Spurs Aussies to Travel Further <p><b><i>Sydney, 3 August 2011:</i></b> The strength of the Australian dollar compared to other currencies is boosting Australians’ ability and desire to travel further, according to the findings from the latest MasterCard survey on Consumer Purchasing Priorities - Travel.</p> <p>The annual research, which was conducted from March to April 2011 and involved 647 Australians, highlights the continued strength of the Australian dollar in influencing consumers’ decision to travel overseas. The findings reveal the continuing extent of the currency influence; with one in four (25%) respondents stating that they would not have made plans to travel overseas this year if the exchange rate was not as favourable. <i>This Index and the accompanying reports are not based on MasterCard volumes or transactional data.</i></p> <p><i></i>MasterCard Australia Country Manager, Andrew Cartwright said: “The tourism industry in Australia has had a difficult start to 2011 – with the natural disasters in the first three months of the year and the knock-on implications on holiday numbers in the hardest hit areas.</p> <p>“These occurrences, alongside the strength of the dollar, have meant that many Australian travellers are looking overseas for their holiday destinations – a trend which is impacting heavily on the domestic tourism sector as highlighted in the findings of the Tourism and Transport Forum/MasterCard survey<sup>[<a href="#1">1</a>]</sup>, issued last month.”</p> <p>The strong Australian Dollar could also be impacting Australians’ travel plans over the next 12 months – with almost a third (32%) intent on travelling more frequently for leisure purposes in 2012.</p> <p><i><a name="1"></a>[1] Quarter 2, TTF – MasterCard Tourism Sentiment Survey&nbsp;</i></p> <p></p> Destination Hotspots <p>The favourable exchange rate between the Australian and American dollars has made the USA the most popular destination for Australian tourists, with close to one in four (22%) intent on holidaying in the States during the year. </p> <p>With the Australian dollar continuing to increase in value against the Euro and British Pound in particular, holidaymakers have identified several European countries as destination hotspots.</p> <p>The United Kingdom tops the European destination list with close to one in five (18%) Australians planning to travel to the UK this year closely followed by France (12%), with Germany and Italy both on 10%.</p> <p>New Zealand remains a prime location for holidaymakers due to its close proximity to Australia and relatively short flight time – nearly one in five (19%) intend to travel to the country at some point during the year. &nbsp;</p> <p></p> Holiday Spending <p>The research also highlights that the majority of Australians save for their holidays throughout the course of the year (67%), but one in six (16%) plan holidays when they need them and pay with either a credit card or loan.</p> <p>Whilst on holiday Australian’s are also mindful of their finances&nbsp; – with 21% opting to stay with friends and family and 16% staying in budget accommodation – only one in ten (11%) stay in luxury or five-star hotels.</p> <p>When it comes to booking accommodation or transport for holidays, Australians recognise the benefit of booking with credit and debit cards – 58% book accommodation and 53% book airline travel with their credit cards.</p> <p></p> Australia - Popular with International Travellers <p>Whilst the research indicates Australians’ plan to travel abroad this year, it is not all doom and gloom for the domestic tourism industry, which will be boosted by the expected arrival of international tourists who plan to spend $13.8 billion in Sydney and $7.5 billion in Melbourne during 2011[1].</p> <p>Andrew Cartwright adds: “It is clear that many Australians intend to take advantage of the favourable exchange rate and head to Europe or the USA this year. What is encouraging is that despite the exchange rate making a visit to Australia more expensive, international tourists are still intent on travelling here, which will be a real boost for our domestic tourism sector at a time when it is really needed.”</p> <p>For the full report go to: <a href="http://www.masterintelligence.com/"><b>www.masterintelligence.com</b></a></p> <p></p> <p></p> MasterCard and its Suite of Research Properties Asia/Pacific, Middle East & Africa<p>The MasterCard Worldwide Index suite in Asia/Pacific, Middle East and Africa includes the long-running MasterCard Worldwide Index of Consumer Confidence, as well as the&nbsp;MasterCard Worldwide Index of Women’s Advancement, Online Shopping,&nbsp;Index of Financial Literacy, and the&nbsp;<a href="http://newsroom.mastercard.com/digital-press-kits/mastercard-global-destination-cities-index-2013/" target="_blank"><b>Index of Global Destination Cities</b></a>. In addition to the Indices, MasterCard’s research properties also include a range of consumer surveys including Ethical Spending&nbsp;and a series on&nbsp;Consumer Purchasing Priorities&nbsp;(covering&nbsp;Travel,&nbsp;Dining &amp; Entertainment, Education,&nbsp;Money Management,&nbsp;Luxury&nbsp;and General Shopping).</p> <p>MasterCard also regularly releases Insights reports providing analysis of business dynamics, financial policies and regulatory activities in the Asia/Pacific, Middle East and Africa region. Over 80 Insights reports have been produced since 2004.</p> <p>MasterCard has also released a series of four books on Asian consumer insights, authored by&nbsp;<a href="http://newsroom.mastercard.com/people/dyuwa/" target="_blank"><b>Dr. Yuwa Hedrick-Wong</b></a>, Global Economic Advisor for MasterCard Worldwide and published by John Wiley &amp; Sons.</p> About MasterCard Worldwide<p><a href="http://www.mastercard.com/index.html" target="_blank"><b>MasterCard</b></a>&nbsp;(NYSE: MA),&nbsp;<a href="http://www.mastercard.com/" target="_blank"><b>www.mastercard.com</b></a>,<b>&nbsp;</b>is a technology company in the global payments industry. We operate&nbsp;the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard’s products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter <a href="https://twitter.com/#!/MasterCardNews" target="_blank"><b>@MasterCardNews</b></a><b>,&nbsp;</b>join the discussion on the&nbsp;<a href="http://newsroom.mastercard.com/blog/" target="_blank"><b>Cashless Conversations Blog</b></a>&nbsp;and&nbsp;<a href="http://newsroom.mastercard.com/subscribe/" target="_blank"><b>subscribe</b></a>&nbsp;for the latest <a href="http://newsroom.mastercard.com/" target="_blank"><b>news</b></a>.</p> The latest MasterCard survey on Consumer Purchasing Priorities – Travel was conducted from March to April 2011 and involved 647 Australianshttp://www1.mastercard.com/content/intelligence/en/research/press-release/2011/strong-aussie-dollar-influences-one-in-four-travel-plans2011-08-02T16:00:00.000Z2011-08-02T16:00:00.000ZNigerians Place Education as their Top Spending Priority in the Next Six Months: MasterCard Survey Nicky James, Birgit DeibeleNigerians Place Education as their Top Spending Priority in the Next Six Months: MasterCard Survey <p><b><i>Lagos, 13 April 2011</i></b><i>: </i>According to the MasterCard’s latest survey on Consumer Purchasing Priorities, Nigerian respondents have revealed that they would spend on Tuition (58%) and Education (49%) over the next six months.&nbsp; Both of these categories see a significant increase compared to last year’s results, from 18% and 6% respectively.</p> <p>Consumers in Nigeria ranked Fashion and Accessories (46%) as their third top spending priorities, up 6% from a year ago. Conversely, Nigerians are looking to spend the least on Car/Motorcycle (36% vs. 33% a year ago), Dining and Entertainment (30% vs. 25% a year ago) and Household Electrical Appliances (25% vs. 18% a year ago) in the next six months.</p> <p>The MasterCard Survey on Consumer Purchasing Priorities, released twice yearly, provides valuable insights into consumers’ discretionary spending priorities for the six months ahead. The latest survey was conducted from 13 September to 11 November 2010 and involved 10,502 consumers from 24 markets<sup>[<a href="#1">1</a>]</sup> across Asia/Pacific, Middle East and Africa. Data collection was via internet surveys, personal, telephone and Computer Aided Telephone interviews, with the questionnaire translated to the local language wherever appropriate and necessary. <i>The Survey and its accompanying reports do not represent MasterCard financial performance.</i></p> <p><i></i>In the survey, 64% of the respondents, compared to 55% a year ago, said that they plan to increase their discretionary spending for the first half of 2011. Only 19% of them are expecting to maintain their discretionary spending, a noticeable decrease from 30% a year ago. While 17% of the consumers in Nigeria are planning to decrease their discretionary spending, a marginal increase from 16% a year ago.</p> <p>While discretionary spending forms a large part of this MasterCard survey, savings patterns also play a significant role in determining how consumers look to utilise their disposable income.</p> <p>The survey found that the majority of the Nigerians plan to increase their savings in the coming six months, with a substantial 91% of the respondents saying so - an increase from 85% a year ago. Citing uncertainty over the economic climate, Nigerians are expecting to save more than they had in the previous six months as they saw a need to be prepared for unforeseen emergency expenditures.</p> <p>Only 5% of those surveyed plan on maintaining their current savings level, a slight decrease from 8% a year ago. The remaining 4%compared to 7% a year ago) said they planned on saving less.</p> <p>Also included in the survey were questions about the charitable habits of Nigerians. It was found that a substantial 70% of Nigerians are planning on making a donation to a charity, with 21% of the respondents saying that they will dedicate more than 5% of their annual income to charity, while the majority (56%) plan to pledge 1% – 5% of their annual income.</p> <p>From an African perspective, consumers in Kenya (49% compared to 21% a year ago) intend on increasing their discretionary spending, while Moroccans indicated otherwise, with the score decreasing slightly from 13% a year ago to 12%. In South Africa, only 15% of consumers intend to increase their spending while the majority plan on maintaining or decreasing their spending (49% and 37% respectively).</p> <p>For Kenyans, the top three purchasing priorities over the next six months are consumer electronics (61%), continuing education (60%) and tuition (58%). These differ slightly from a year ago, where Kenyans selected tuition (49%), continuing education (46%) and buying or upgrading a home (44%) as their top three priorities.</p> <p>Moroccans plan to spend on fashion and accessories (90% compared to 52% a year ago), dining and entertainment (70% compared to 61%) or fitness and wellness (24% compared to 40%) , while those in South Africa plan to spend their money on, fashion and accessories, (up 32% to 59% - from 27% a year ago),&nbsp; followed by dining and entertainment (up 14% to 38% - from 24% a year ago) and consumer electronics (24% versus 21% a year ago). &nbsp;</p> <p>“These results reflect the fact that Africa is full of diverse markets and reinforces the importance of ensuring that companies doing business in Africa must recognise and understand these differences and adapt and customise their approaches to each market appropriately,” says Daniel Monehin, area head, East &amp; West Africa and Indian Ocean Islands, MasterCard Worldwide</p> <p>“The majority of the markets surveyed in the African region expect savings to either remain the same or increase over the next six months; however, Kenya and Nigeria have a significantly higher disposition for saving more compared to South Africa and Morocco.</p> <p>“South Africans and Moroccans seem to be in the same boat when it comes to savings, with more consumers from these markets (38% in South Africa and 64% in Morocco) planning to keep their savings the same rather than making any increases,” Monehin concludes</p> <p><a name="1"></a>[1] <i>Markets surveyed include Australia, China, Egypt, Hong Kong, India, Indonesia, Japan, Kenya, Kuwait, Lebanon, Malaysia, Morocco, New Zealand, Nigeria, Philippines, Qatar, Saudi Arabia, South Africa, South Korea, Singapore, Taiwan, Thailand, United Arab Emirates and Vietnam.&nbsp;</i></p> <p></p> MasterCard and its Suite of Research Properties <p>The MasterCard Worldwide Index suite of research products in Asia/Pacific, Middle East and Africa includes the flagship MasterCard Worldwide Index of Consumer Confidence, and the MasterCard Worldwide Index of Consumer Purchasing Resilience, both of which are released six monthly, and the MasterCard Worldwide Index of Women’s Advancement and the MasterCard Worldwide Index of Online Shopping, which are released annually. In addition to the Index properties, MasterCard’s suite of research properties includes the MasterCard Worldwide Survey on Consumer Purchasing Priorities, released six monthly, and the MasterCard Worldwide Survey on Ethical Spending Behavior, released annually.</p> <p>Besides these, MasterCard also regularly releases Insights reports; the series represents in part its ongoing research and analysis of business dynamics, financial policies and regulatory activities in the Asia/Pacific, Middle East and Africa region. Over 70 Insights reports have been produced since 2004. MasterCard has also released a series of four books on Asian consumer insights, authored by its Asia/Pacific economist, Dr. Yuwa Hedrick-Wong and published by John Wiley &amp; Sons.</p> <p>The MasterCard Indexes and Insights reports are available at <a href="http://www.masterintelligence.com/"><b>www.masterintelligence.com</b></a></p> <p></p> About MasterCard Worldwide <p><a href="http://www.mastercard.com/index.html" target="_blank"><b>MasterCard</b></a>&nbsp;(NYSE: MA),&nbsp;<a href="http://www.mastercard.com/" target="_blank"><b>www.mastercard.com</b></a>,<b>&nbsp;</b>is a technology company in the global payments industry. We operate&nbsp;the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard’s products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter <a href="https://twitter.com/#!/MasterCardNews" target="_blank"><b>@MasterCardNews</b></a><b>,&nbsp;</b>join the discussion on the&nbsp;<a href="http://newsroom.mastercard.com/blog/" target="_blank"><b>Cashless Conversations Blog</b></a>&nbsp;and&nbsp;<a href="http://newsroom.mastercard.com/subscribe/" target="_blank"><b>subscribe</b></a>&nbsp;for the latest <a href="http://newsroom.mastercard.com/" target="_blank"><b>news</b></a>.</p> The MasterCard Survey on Consumer Purchasing Priorities, released twice yearly, provides valuable insights into consumers’ discretionary spending priorities for the six months ahead. The latest survey was conducted from 13 September to 11 November 2010 and involved 10,502 consumers from 24 markets across Asia/Pacific, Middle East and Africa.http://www1.mastercard.com/content/intelligence/en/research/press-release/2011/nigerians-place-education-as-their-top-spending-priority-in-the-next-six-months2011-05-12T16:00:00.000Z2011-05-12T16:00:00.000ZMasterCard Launches Inaugural Index of Financial Literacy in Asia/Pacific Catherine Yuen, Gloria Lai Hong Kong Women Rank High in Investment and Basic Money Management Components<p><b><i>Hong Kong, 7 March 2011</i></b>: Women in Hong Kong ranked in the top five for Investment and Basic Money Management across Asia/Pacific, however they were outshined by their counterparts in terms of Financial Planning skills, according to MasterCard Worldwide’s inaugural Index of Financial Literacy released today.</p> <p>The MasterCard Index of Financial Literacy is based on a survey of consumers from 24 markets<sup>[<a href="#1">1</a>]</sup> across Asia/Pacific Middle East Africa (APMEA). It comprises three major components: Basic Money Management, which examines the respondents’ skills in terms of budgeting, savings and responsibility of credit usage; Financial Planning, which assesses their knowledge of financial products, services, concepts and ability to make long-term plans for financial needs; and Investment, which indicates their basic understanding of the various investment risks and different investment products, and if they have the necessary skills.</p> <p>Hong Kong women had the third and fourth highest scores in Basic Money Management (71.0) and Investment (60.9) respectively across Asia/Pacific. However, they were particularly weak in Financial Planning as indicated by their score of 67.8, which is near the bottom of the ranking for that component in Asia/Pacific and below the regional average (74.6). They ranked eighth in the overall Financial Literacy Index with an Index score of 68.0.</p> <p>In Asia/Pacific, women scored the best in Financial Planning (74.6), followed by Basic Money Management (63.9) and Investment (56.7). They are financially savvy to some extent, in particular among the over-30, married, working group, but the level of financial literacy in women can be raised further, especially among the younger generation.</p> <p>“With the financial world becoming increasingly complex, there is a compelling need for women to be more financially confident and competent,” observed Jeroen van Son, Head of Hong Kong &amp; Macau, MasterCard Worldwide.&nbsp; “This new MasterCard Index has certainly provided us with fresh insights into women’s aptitude for, and knowledge of, managing their finances. It is encouraging to see that women in Hong Kong scored high in basic money management and investment, reinforcing Hong Kong as an international finance hub,”</p> <p>The MasterCard Index of Financial Literacy is calculated from the weighted sum of the three components (Basic Money Management, Financial Planning and Investment), with 100 as the maximum score in financial literacy and zero as the lowest possible score. The survey was conducted between 13 September and 11 November 2010 and will continue to be conducted on an annual basis.</p> <p><a name="1"></a>[1] <i>Markets surveyed include Australia, China, Egypt, Hong Kong, India, Indonesia, Japan, Kenya, Kuwait, Lebanon, Malaysia, Morocco, New Zealand, Nigeria, Philippines, Qatar, Saudi Arabia, South Africa, South Korea, Singapore, Taiwan, Thailand, United Arab Emirates and Vietnam.</i></p> <p></p> Additional Key Highlights<ul> <li>China (60.1) reflected a lower Financial Literacy score among women. Chinese women were particularly weak in Basic Money Management and Investment (both 54.4), near the bottom of the ranking for these two components in Asia/Pacific.</li> <li>Taiwan (68.7) in sixth place did relatively well in terms of Financial Planning (82.4) and Investment (61.3) – it ranked third in Asia/Pacific for both components.</li> <li>Thai women topped the Financial Literacy Index with an Index score of 73.9. They had the highest scores in Financial Planning (87.0) and Investment (69.3), outshining their peers in the other 13 Asia/Pacific markets surveyed.</li> <li>Also noteworthy were Vietnamese women, who took fourth place, with an overall Index score of 70.1.</li> </ul> <p></p> MasterCard Worldwide Index of Financial Literacy (Women)<table border="1" cellspacing="0" cellpadding="0"> <tbody><tr><th class="table-description" colspan="2" rowspan="3"><b>Ranking</b></th> <th class="table-description" colspan="4"><b>Scores</b></th> </tr><tr><th class="table-description" rowspan="2"><b>Overall Financial Literacy Index</b></th> <th class="table-description" colspan="3"><b>Components of Financial Literacy Index</b></th> </tr><tr><th class="table-description"><b>Basic Money Management</b></th> <th class="table-description"><b>Financial Planning</b></th> <th class="table-description"><b>Investment</b></th> </tr><tr><th class="table-description" colspan="2"><b><i>Asia/Pacific </i></b></th> <td><i>65.7</i></td> <td><i>63.9</i></td> <td><i>74.6</i></td> <td><i>56.7</i></td> </tr><tr><td><b>1</b></td> <td>Thailand</td> <td>73.9</td> <td>67.9</td> <td>87.0</td> <td>69.3</td> </tr><tr><td><b>2</b></td> <td>New Zealand</td> <td>71.3</td> <td>76.7</td> <td>72.9</td> <td>55.2</td> </tr><tr><td><b>3</b></td> <td>Australia</td> <td>70.2</td> <td>75.8</td> <td>69.0</td> <td>58.3</td> </tr><tr><td><b>4</b></td> <td>Vietnam</td> <td>70.1</td> <td>65.4</td> <td>82.8</td> <td>62.7</td> </tr><tr><td><b>5</b></td> <td>Singapore</td> <td>69.4</td> <td>70.0</td> <td>80.4</td> <td>51.5</td> </tr><tr><td><b>6</b></td> <td>Taiwan</td> <td>68.7</td> <td>63.4</td> <td>82.4</td> <td>61.3</td> </tr><tr><td><b>7</b></td> <td>Philippines</td> <td>68.2</td> <td>66.6</td> <td>79.2</td> <td>55.6</td> </tr><tr><td><b>8</b></td> <td>Hong Kong</td> <td>68.0</td> <td>71.0</td> <td>67.8</td> <td>60.9</td> </tr><tr><td><b>9</b></td> <td>Indonesia</td> <td>66.5</td> <td>62.1</td> <td>79.1</td> <td>58.6</td> </tr><tr><td><b>10</b></td> <td>Malaysia</td> <td>66.0</td> <td>64.3</td> <td>75.0</td> <td>56.6</td> </tr><tr><td><b>11</b></td> <td>India</td> <td>61.4</td> <td>58.8</td> <td>67.6</td> <td>58.9</td> </tr><tr><td><b>12</b></td> <td>China</td> <td>60.1</td> <td>54.4</td> <td>73.3</td> <td>54.4</td> </tr><tr><td><b>13</b></td> <td>Japan</td> <td>59.9</td> <td>61.7</td> <td>71.2</td> <td>38.4</td> </tr><tr><td><b>14</b></td> <td>Korea</td> <td>55.9</td> <td>51.1</td> <td>65.7</td> <td>53.1</td> </tr></tbody></table> MasterCard and its Suite of Research Properties <p>The MasterCard Worldwide Index suite in Asia/Pacific, Middle East and Africa includes the long-running MasterCard Worldwide Index of Consumer Confidence, as well as the&nbsp;MasterCard Worldwide Index of Women’s Advancement, Online Shopping,&nbsp;Index of Financial Literacy, and the&nbsp;<a href="http://newsroom.mastercard.com/digital-press-kits/mastercard-global-destination-cities-index-2013/" target="_blank"><b>Index of Global Destination Cities</b></a>. In addition to the Indices, MasterCard’s research properties also include a range of consumer surveys including Ethical Spending&nbsp;and a series on&nbsp;Consumer Purchasing Priorities&nbsp;(covering&nbsp;Travel,&nbsp;Dining &amp; Entertainment, Education,&nbsp;Money Management,&nbsp;Luxury&nbsp;and General Shopping).</p> <p>MasterCard also regularly releases Insights reports providing analysis of business dynamics, financial policies and regulatory activities in the Asia/Pacific, Middle East and Africa region. Over 80 Insights reports have been produced since 2004.</p> <p>MasterCard has also released a series of four books on Asian consumer insights, authored by&nbsp;<a href="http://newsroom.mastercard.com/people/dyuwa/" target="_blank"><b>Dr. Yuwa Hedrick-Wong</b></a>, Global Economic Advisor for MasterCard Worldwide and published by John Wiley &amp; Sons.</p> About MasterCard Worldwide<p><a href="http://www.mastercard.com/index.html" target="_blank"><b>MasterCard</b></a>&nbsp;(NYSE: MA),&nbsp;<a href="http://www.mastercard.com/" target="_blank"><b>www.mastercard.com</b></a>,<b>&nbsp;</b>is a technology company in the global payments industry. We operate&nbsp;the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard’s products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter <a href="https://twitter.com/#!/MasterCardNews" target="_blank"><b>@MasterCardNews</b></a><b>,&nbsp;</b>join the discussion on the&nbsp;<a href="http://newsroom.mastercard.com/blog/" target="_blank"><b>Cashless Conversations Blog</b></a>&nbsp;and&nbsp;<a href="http://newsroom.mastercard.com/subscribe/" target="_blank"><b>subscribe</b></a>&nbsp;for the latest <a href="http://newsroom.mastercard.com/" target="_blank"><b>news</b></a>.</p> The MasterCard Index of Financial Literacy is based on a survey of consumers from 24 markets across Asia/Pacific Middle East Africa (APMEA).http://www1.mastercard.com/content/intelligence/en/research/press-release/2011/mastercard-launches-inaugural-index-of-financial-literacy-in-asia-pacific02011-03-06T16:00:00.000Z2011-03-06T16:00:00.000ZMasterCard Launches Inaugural Index of Financial Literacy in Asia/Pacific Eva Lee, Esther Lin Taiwanese Women Rank Sixth on Financial Literacy Index, topping Hong Kong and China<p><b><i>Taiwan, </i></b><b><i>7 March 2011</i></b>: Just how much do women across Asia/Pacific know about managing finances? MasterCard Worldwide’s inaugural Index of Financial Literacy released today highlights that women across Asia/Pacific are financially savvy to some extent, in particular among the over-30, married, working group, but that the level of financial literacy in women can be raised further, especially among the younger generation.</p> <p>Taiwanese women ranked sixth in the MasterCard Worldwide’s Index of Financial Literacy among 14 markets surveyed in Asia/Pacific. Women in Taiwan had an index score of 68.7which is higher than that of Hong Kong’s 68.0 and China’s 60.1. At the same time, Taiwan also outshined counterparts in developed markets like Korea (55.9) and Japan (59.9) which makes up the lower spectrum of the Index.</p> <p>The MasterCard Index of Financial Literacy is based on a survey of consumers from 24 markets<sup>[<a href="#1">1</a>]</sup> across Asia/Pacific Middle East Africa (APMEA). It comprises three major components: Basic Money Management, which examines the respondents’ skills in terms of budgeting, savings and responsibility of credit usage; Financial Planning, which assesses their knowledge of financial products, services, concepts and ability to make long-term plans for financial needs; and Investment, which indicates their basic understanding of the various investment risks, different investment products and if they have the necessary skills.</p> <p>The Index score is calculated from the weighted sum of the three components, with 100 as the maximum score in financial literacy and zero as the lowest possible score. The survey was conducted between 13 September and 11 November 2010 and will continue to be conducted on an annual basis.</p> <p>Of the three components that make up the survey, women across Asia/Pacific as a whole scored the best in Financial Planning 74.6), followed by Basic Money Management (63.9) and Investment (56.7).</p> <p>Taiwanese women were ahead of their peers in Hong Kong and China given that the survey results reflected that the respondents held a higher level of knowledge relating to financial services, products and investments in a recovering global economy. Taiwan ranked third in both Financial Planning (82.4) and Investments (61.3) across Asia/Pacific, trailing&nbsp; Thailand and Vietnam. Women in Hong Kong had however scored better in Basic Money Management as compared to women in Taiwan and China.</p> <p>“The survey results have provided insights to the level of financial literacy in Taiwanese women and also pointed to the fact that financial knowledge in women is not to be overlooked especially when the economy is improving. At MasterCard we believe in the empowerment of women and part of our efforts on that front is encouraging women to manage their finances in a smart way,” said Julie Yang, Head of Taiwan, MasterCard Worldwide.</p> <p><a name="1"></a>[1] <i>Markets surveyed include Australia, China, Egypt, Hong Kong, India, Indonesia, Japan, Kenya, Kuwait, Lebanon, Malaysia, Morocco, New Zealand, Nigeria, Philippines, Qatar, Saudi Arabia, South Africa, South Korea, Singapore, Taiwan, Thailand, United Arab Emirates and Vietnam.</i></p> <p></p> Project Inspire: 5 Minutes to Change the World<p>Separately, Singapore National Committee for UN Women (UN Women Singapore) and MasterCard have joint hands to launch <i>Project Inspire: 5 Minutes to Change the World</i> as the world commemorates 100 years of International Women’s Day.<b> </b>This year-long digital and social media driven initiative aims to connect and inspire young people across the world to share their life-changing ideas and fulfill their visions of a better world for disadvantaged women and children.</p> <p>The initiative supports the heightened need to devote resources to the empowerment of women. Despite great strides in their socio-economic standing over the past 100 years, statistics show that women account for 70% of the world’s poor. They work two-thirds of the world’s working hours but earn only 10% of the income and own 1% of the world’s property. Giving these disadvantaged women more opportunities to stand on their own feet has enormous socio-economic ramifications, as empowering women fuels economies, spurring productivity and growth.</p> <p>Project Inspire presents 18-35 year olds with a 5-minute platform to pitch their inspired idea to the world and win a US$25,000 grant. The grant will be used to bring to life the winning idea and empower disadvantaged women or children in Asia/Pacific, Middle East and Africa through education, skills training, financial inclusion or social entrepreneurship. In addition, special recognition will be given to the best Financial Literacy/Livelihood proposal, which will be awarded a US$10,000 start-up grant.</p> <p>People with a passion to make a difference will be encouraged to visit</p> <p><a target="_blank" href="http://www.5minutestochangetheworld.org/"><b>www.5minutestochangetheworld.org</b></a> to submit a 5-minute video or written pitch articulating their idea and how they will use the grant to implement it. A shortlist of 10 finalists will have to convince a global voting audience of the merits of their proposal, and present live in Singapore to an expert judging panel at the end of August 2011, when the winner will be announced.</p> <p>Finalists will also get the opportunity to attend a workshop on sustainable social entrepreneurship and hone their presentation skills through a training session with professional consultants.&nbsp;</p> <p></p> MasterCard Worldwide Index of Financial Literacy (Women)<table border="1" cellspacing="0" cellpadding="0"> <tbody><tr><th class="table-description" colspan="2" rowspan="3"><b>Ranking</b></th> <th class="table-description" colspan="4"><b>Scores</b></th> </tr><tr><th class="table-description" rowspan="2"><b>Overall Financial Literacy Index</b></th> <th class="table-description" colspan="3"><b>Components of Financial Literacy Index</b></th> </tr><tr><th class="table-description"><b>Basic Money Management</b></th> <th class="table-description"><b>Financial Planning</b></th> <th class="table-description"><b>Investment</b></th> </tr><tr><th class="table-description" colspan="2"><b><i>Asia/Pacific </i></b></th> <td><i>65.7</i></td> <td><i>63.9</i></td> <td><i>74.6</i></td> <td><i>56.7</i></td> </tr><tr><td><b>1</b></td> <td>Thailand</td> <td>73.9</td> <td>67.9</td> <td>87.0</td> <td>69.3</td> </tr><tr><td><b>2</b></td> <td>New Zealand</td> <td>71.3</td> <td>76.7</td> <td>72.9</td> <td>55.2</td> </tr><tr><td><b>3</b></td> <td>Australia</td> <td>70.2</td> <td>75.8</td> <td>69.0</td> <td>58.3</td> </tr><tr><td><b>4</b></td> <td>Vietnam</td> <td>70.1</td> <td>65.4</td> <td>82.8</td> <td>62.7</td> </tr><tr><td><b>5</b></td> <td>Singapore</td> <td>69.4</td> <td>70.0</td> <td>80.4</td> <td>51.5</td> </tr><tr><td><b>6</b></td> <td>Taiwan</td> <td>68.7</td> <td>63.4</td> <td>82.4</td> <td>61.3</td> </tr><tr><td><b>7</b></td> <td>Philippines</td> <td>68.2</td> <td>66.6</td> <td>79.2</td> <td>55.6</td> </tr><tr><td><b>8</b></td> <td>Hong Kong</td> <td>68.0</td> <td>71.0</td> <td>67.8</td> <td>60.9</td> </tr><tr><td><b>9</b></td> <td>Indonesia</td> <td>66.5</td> <td>62.1</td> <td>79.1</td> <td>58.6</td> </tr><tr><td><b>10</b></td> <td>Malaysia</td> <td>66.0</td> <td>64.3</td> <td>75.0</td> <td>56.6</td> </tr><tr><td><b>11</b></td> <td>India</td> <td>61.4</td> <td>58.8</td> <td>67.6</td> <td>58.9</td> </tr><tr><td><b>12</b></td> <td>China</td> <td>60.1</td> <td>54.4</td> <td>73.3</td> <td>54.4</td> </tr><tr><td><b>13</b></td> <td>Japan</td> <td>59.9</td> <td>61.7</td> <td>71.2</td> <td>38.4</td> </tr><tr><td><b>14</b></td> <td>Korea</td> <td>55.9</td> <td>51.1</td> <td>65.7</td> <td>53.1</td> </tr></tbody></table> MasterCard and its Suite of Research Properties <p>The MasterCard Worldwide Index suite in Asia/Pacific, Middle East and Africa includes the long-running MasterCard Worldwide Index of Consumer Confidence, as well as the&nbsp;MasterCard Worldwide Index of Women’s Advancement, Online Shopping,&nbsp;Index of Financial Literacy, and the&nbsp;<a href="http://newsroom.mastercard.com/digital-press-kits/mastercard-global-destination-cities-index-2013/" target="_blank"><b>Index of Global Destination Cities</b></a>. In addition to the Indices, MasterCard’s research properties also include a range of consumer surveys including Ethical Spending&nbsp;and a series on&nbsp;Consumer Purchasing Priorities&nbsp;(covering&nbsp;Travel,&nbsp;Dining &amp; Entertainment, Education,&nbsp;Money Management,&nbsp;Luxury&nbsp;and General Shopping).</p> <p>MasterCard also regularly releases Insights reports providing analysis of business dynamics, financial policies and regulatory activities in the Asia/Pacific, Middle East and Africa region. Over 80 Insights reports have been produced since 2004.</p> <p>MasterCard has also released a series of four books on Asian consumer insights, authored by&nbsp;<a href="http://newsroom.mastercard.com/people/dyuwa/" target="_blank"><b>Dr. Yuwa Hedrick-Wong</b></a>, Global Economic Advisor for MasterCard Worldwide and published by John Wiley &amp; Sons.</p> About MasterCard Worldwide<p><a href="http://www.mastercard.com/index.html" target="_blank"><b>MasterCard</b></a>&nbsp;(NYSE: MA),&nbsp;<a href="http://www.mastercard.com/" target="_blank"><b>www.mastercard.com</b></a>,<b>&nbsp;</b>is a technology company in the global payments industry. We operate&nbsp;the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard’s products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter <a href="https://twitter.com/#!/MasterCardNews" target="_blank"><b>@MasterCardNews</b></a><b>,&nbsp;</b>join the discussion on the&nbsp;<a href="http://newsroom.mastercard.com/blog/" target="_blank"><b>Cashless Conversations Blog</b></a>&nbsp;and&nbsp;<a href="http://newsroom.mastercard.com/subscribe/" target="_blank"><b>subscribe</b></a>&nbsp;for the latest <a href="http://newsroom.mastercard.com/" target="_blank"><b>news</b></a>.</p> The MasterCard Index of Financial Literacy is based on a survey of consumers from 24 markets across Asia/Pacific Middle East Africa (APMEA).http://www1.mastercard.com/content/intelligence/en/research/press-release/2011/mastercard-launches-inaugural-index-of-financial-literacy-in-asia-pacific12011-03-06T16:00:00.000Z2011-03-06T16:00:00.000ZCautious Kiwis Keen to Save More Emma Mellow , Tiana Miocevich Cautious Kiwis Keen to Save More <p><i><b>Auckland, 01 August 2011</b></i><i>- </i>New research of consumer sentiment in New Zealand has revealed that Kiwis have become consciously cautious about retaining adequate savings for a rainy day and are actively monitoring their personal finances.</p> <p>In an annual survey of 626 consumers conducted on behalf of MasterCard, 78 per cent of respondents said they believed that they should keep between 3 months and 6 months of personal savings on hand in case of emergencies or unexpected events, such as job loss.</p> <p>The finding suggests that consumers are taking a closer interest in their financial wellbeing and becoming&nbsp;more prudentially cautious against a backdrop of locally subdued economic conditions and economic volatility in the US and Europe.</p> <p><i>MasterCard’s New Zealand country manager, Albert Naffah says the findings showed many Kiwis highly rated their own level of financial literacy. Of those surveyed, 88 per cent agreed it was never too early to have a financial plan and that regular savings were important.</i></p> <p><i></i><i>“Most people (81%) in our survey reported they understood the information provided in financial statements and regularly compared financial products to select the best one for them.</i></p> <p><i></i><i>“This shows a high number of people are thinking about their financial futures and actively managing their money - taking the time to learn about where their money is going. These results are a positive sign that New Zealanders are taking responsibility for understanding their financial positions.”</i></p> <p><i></i><i>This cautious behavior is also exhibited in the latest edition of the MasterCard Papers series derived from </i>Statistics NZ and the RBNZ payments data that shows <i>that the percentage of New Zealand credit card balances accruing interest are at their lowest levels seen since 2008.</i></p> <p><i></i><i>“KiwiSaver may have also had a positive influence on long-term financial planning with just over quarter (28%) of our sample saying they had calculated how much money they’d need to retire. However, on the flip side this means just under three quarters of respondents could be entering their retirement years without adequate resources to fund their desired retirement lifestyles.”</i></p> <p><i></i><i>Mr Naffah says he was also encouraged at how savvy people perceived they were with not just long-term financial planning, but also day-to-day money management </i>—<i> although he cautioned that there is sometimes a gap between how financially literate people think they are versus reality.</i></p> <p><i></i><i>“Most people in our survey understand the need to budget their day-to-day finances and to actively keep track of their spending on a weekly or monthly basis. However, there is still a gap between those who understand the need to budget, versus those who actually do so. The good news is that the availability of up-to-date information through internet banking makes budgeting and financial management more clearly visible and easier to manage, and this may be a reflection on why more than half our respondents now choose to do almost all of their banking exclusively online.</i></p> <p><i></i><i>“Our survey shows New Zealanders are becoming increasingly active and savvy financial planners. Comparing products, monitoring investments and planning ahead will stand people in good stead for their financial futures.</i></p> <p><i></i><i>“Getting the right financial advice for individual circumstances is also an important factor. I encourage people to seek qualified, independent financial advice or to visit online financial planning resources such as the Sorted.org.nz website to help them manage their finances.”</i></p> <p><i></i></p> <p></p> Key findings:<ul> <li><i>88 per cent of people surveyed said it was never too early to have a financial plan</i></li> <li><i>92 per cent agreed that regular monthly savings are important</i></li> <li><i>81 per cent reported they understood most of the information provided in financial statements</i></li> <li><i>78 per cent said they compare financial products to select the best one for their circumstances</i></li> <li><i>55 per cent said they regularly monitor their investments</i></li> <li><i>28 per cent said they had calculated the amount of retirement funds they will need at retirement age</i></li> <li><i>88 per cent of people surveyed agreed that they had the ability and understanding to budget their day-to-day finances</i></li> <li><i>76 per cent of people surveyed say they keep track of their spending on weekly or monthly basis</i></li> <li><i>77 per cent said they understand the concept of how interest is compounded</i></li> <li><i>60 per cent of people surveyed do 81-100 per cent of their banking online.</i></li> </ul> <p></p> About MasterCard <p><a href="http://www.mastercard.com/index.html" target="_blank"><b>MasterCard</b></a>&nbsp;(NYSE: MA),&nbsp;<a href="http://www.mastercard.com/" target="_blank"><b>www.mastercard.com</b></a>,<b>&nbsp;</b>is a technology company in the global payments industry. We operate&nbsp;the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard’s products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter <a href="https://twitter.com/#!/MasterCardNews" target="_blank"><b>@MasterCardNews</b></a><b>,&nbsp;</b>join the discussion on the&nbsp;<a href="http://newsroom.mastercard.com/blog/" target="_blank"><b>Cashless Conversations Blog</b></a>&nbsp;and&nbsp;<a href="http://newsroom.mastercard.com/subscribe/" target="_blank"><b>subscribe</b></a>&nbsp;for the latest <a href="http://newsroom.mastercard.com/" target="_blank"><b>news</b></a>.</p> The MasterCard Index of Financial Literacy is based on a survey of consumers from 24 markets across Asia/Pacific Middle East Africa (APMEA). http://www1.mastercard.com/content/intelligence/en/research/press-release/2011/cautious-kiwis-keen-to-save-more2011-07-31T16:00:00.000Z2011-07-31T16:00:00.000ZAustralian Women Top Three in Money Matters in Asia Pacific Georgette TanTop Tips on Managing Finances from MasterCard<p><b><i>Sydney, 8 March 2011</i></b>&nbsp;-- In celebration of the 100th anniversary of International Women’s Day (8 March), research conducted by MasterCard reveals Australian women possess high levels of financial literacy knowledge compared to the rest of region, with a sound understanding of basic money management and experience with budgeting and responsible credit usage.</p> <p>The MasterCard Index of Financial Literary, which surveyed consumers across 24 markets in the Asia / Pacific region, shows that Australian women have an overall financial literary index of 70.2, third overall in the table.&nbsp;<i>The Index and its accompanying reports do not represent MasterCard’s financial performance</i>.</p> <p>The Index consists of three separate components, Basic Money Management, Financial Planning and Investment. Australian women were particularly well versed in Basic Money Management, second in this category only to New Zealand, with a score of 75.8. This category looks at budgeting, savings and responsibility of credit usage. They also performed well with Financial Planning, 69 index points, which assesses their knowledge of financial products and services and ability to make long-term financial plans. Index points across all countries are lower in the Investment category, which indicates a basic understanding of investment risks and products, with Australia coming seventh in this area.</p> <table border="1" cellspacing="0" cellpadding="0"> <tbody><tr><th class="table-description" colspan="2" rowspan="3"><b>Ranking</b></th> <th class="table-description" colspan="4"><b>Scores</b></th> </tr><tr><th class="table-description" rowspan="2"><b>Overall Financial Literacy Index</b></th> <th class="table-description" colspan="3"><b>Components of Financial Literacy Index</b></th> </tr><tr><th class="table-description"><b>Basic Money Management</b></th> <th class="table-description"><b>Financial Planning</b></th> <th class="table-description"><b>Investment</b></th> </tr><tr><th class="table-description" colspan="2"><b><i>Asia/Pacific </i></b></th> <td><i>65.7</i></td> <td><i>63.9</i></td> <td><i>74.6</i></td> <td><i>56.7</i></td> </tr><tr><td><b>1</b></td> <td>Thailand</td> <td>73.9</td> <td>67.9</td> <td>87.0</td> <td>69.3</td> </tr><tr><td><b>2</b></td> <td>New Zealand</td> <td>71.3</td> <td>76.7</td> <td>72.9</td> <td>55.2</td> </tr><tr><td><b>3</b></td> <td>Australia</td> <td>70.2</td> <td>75.8</td> <td>69.0</td> <td>58.3</td> </tr><tr><td><b>4</b></td> <td>Vietnam</td> <td>70.1</td> <td>65.4</td> <td>82.8</td> <td>62.7</td> </tr><tr><td><b>5</b></td> <td>Singapore</td> <td>69.4</td> <td>70.0</td> <td>80.4</td> <td>51.5</td> </tr><tr><td><b>6</b></td> <td>Taiwan</td> <td>68.7</td> <td>63.4</td> <td>82.4</td> <td>61.3</td> </tr><tr><td><b>7</b></td> <td>Philippines</td> <td>68.2</td> <td>66.6</td> <td>79.2</td> <td>55.6</td> </tr><tr><td><b>8</b></td> <td>Hong Kong</td> <td>68.0</td> <td>71.0</td> <td>67.8</td> <td>60.9</td> </tr><tr><td><b>9</b></td> <td>Indonesia</td> <td>66.5</td> <td>62.1</td> <td>79.1</td> <td>58.6</td> </tr><tr><td><b>10</b></td> <td>Malaysia</td> <td>66.0</td> <td>64.3</td> <td>75.0</td> <td>56.6</td> </tr><tr><td><b>11</b></td> <td>India</td> <td>61.4</td> <td>58.8</td> <td>67.6</td> <td>58.9</td> </tr><tr><td><b>12</b></td> <td>China</td> <td>60.1</td> <td>54.4</td> <td>73.3</td> <td>54.4</td> </tr><tr><td><b>13</b></td> <td>Japan</td> <td>59.9</td> <td>61.7</td> <td>71.2</td> <td>38.4</td> </tr><tr><td><b>14</b></td> <td>Korea</td> <td>55.9</td> <td>51.1</td> <td>65.7</td> <td>53.1</td> </tr></tbody></table> <p>To coincide with International Women’s Day, MasterCard provides top tips for managing your finances. Whilst spending within your means is a great way to manage day to day finances, understanding the fundamentals of credit and banking, means better financial decisions can be made.</p> <ul> <li>For those looking to spend only what is available to them in their account at any given time, likewise more convenience and control over their finances, debit cards come with the same level of security and acceptance as credit cards, whilst still maintaining control on spending limits. There are a range of Debit MasterCards available on the market from a variety of banks and the global acceptance of MasterCard means it can be used online, over the phone and at the point of sale at over 31 million locations around the world</li> <li>It’s important to manage your money and funds available responsibly to build a better financial future:</li> <li>To keep on top of your spending, set a monthly budget with incoming and outgoing spend and monitor your progress in order to keep within your limits</li> <li>Charges on credit cards should be paid back in a timely fashion, to avoid interest charges on the remaining balance</li> <li>Always check your card statements carefully and on a regular basis</li> <li>Using your credit or debit card to pay for purchases and make payments will help you to keep track on all of your spending and monitoring your progress will also makes it easier to spot any irregular entries on your monthly statement</li> <li>Make sure you update your personal details when you move address – ensuring your financial information doesn’t fall into the wrong hands</li> <li>Credit cards provide you with a line of credit, as purchases are made, the available credit line decreases until you reach the maximum amount you can charge to that card. Credit cards provide greater flexibility in planning payments and the choice to repay the whole amount or part of the amount at the end of the interest free period. Credit cards also come with additional security over paying with cash</li> <li>With the growth of online shopping, consumers need to remain alert when shopping online and the security of their payment card details when making a purchase:</li> <li>Always purchase from reputable retailers</li> <li>Avoid giving out too much information</li> <li>Where possible use MasterCard SecureCode when making a purchase, it provides enhanced protection when buying online</li> <li>In the event something unfortunate does happen, MasterCard cardholders are protected by MasterCard’s Zero Liability policy for any unauthorized transactions on their accounts</li> </ul> <p>*&nbsp;<i>More information on conditions and exclusions to MasterCard’s Zero Liability policy can be found at:<a target="_blank" href="http://www.mastercard.com/au/personal/en/zeroliability/index.html"><b>http://www.mastercard.com/au/personal/en/zeroliability/index.html</b></a><br> Further hints and tips on money management can be found on the Budget Basics section of the MasterCard website&nbsp;<a target="_blank" href="http://www.mastercard.com/au/personal/en/education/budgetbasics/index.html"><b>http://www.mastercard.com/au/personal/en/education/budgetbasics/index.html</b></a></i></p> <p></p> MasterCard and its Suite of Research Properties<p>The MasterCard Worldwide Index suite in Asia/Pacific, Middle East and Africa includes the long-running MasterCard Worldwide Index of Consumer Confidence, as well as the&nbsp;MasterCard Worldwide Index of Women’s Advancement, Online Shopping,&nbsp;Index of Financial Literacy, and the&nbsp;<a href="http://newsroom.mastercard.com/digital-press-kits/mastercard-global-destination-cities-index-2013/" target="_blank"><b>Index of Global Destination Cities</b></a>. In addition to the Indices, MasterCard’s research properties also include a range of consumer surveys including Ethical Spending&nbsp;and a series on&nbsp;Consumer Purchasing Priorities&nbsp;(covering&nbsp;Travel,&nbsp;Dining &amp; Entertainment, Education,&nbsp;Money Management,&nbsp;Luxury&nbsp;and General Shopping).</p> <p>MasterCard also regularly releases Insights reports providing analysis of business dynamics, financial policies and regulatory activities in the Asia/Pacific, Middle East and Africa region. Over 80 Insights reports have been produced since 2004.</p> <p>MasterCard has also released a series of four books on Asian consumer insights, authored by&nbsp;<a href="http://newsroom.mastercard.com/people/dyuwa/" target="_blank"><b>Dr. Yuwa Hedrick-Wong</b></a>, Global Economic Advisor for MasterCard Worldwide and published by John Wiley &amp; Sons.</p> About MasterCard Worldwide<p><a href="http://www.mastercard.com/index.html" target="_blank"><b>MasterCard</b></a>&nbsp;(NYSE: MA),&nbsp;<a href="http://www.mastercard.com/" target="_blank"><b>www.mastercard.com</b></a>,<b>&nbsp;</b>is a technology company in the global payments industry. We operate&nbsp;the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard’s products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter <a href="https://twitter.com/#!/MasterCardNews" target="_blank"><b>@MasterCardNews</b></a><b>,&nbsp;</b>join the discussion on the&nbsp;<a href="http://newsroom.mastercard.com/blog/" target="_blank"><b>Cashless Conversations Blog</b></a>&nbsp;and&nbsp;<a href="http://newsroom.mastercard.com/subscribe/" target="_blank"><b>subscribe</b></a>&nbsp;for the latest <a href="http://newsroom.mastercard.com/" target="_blank"><b>news</b></a>.</p> The MasterCard Worldwide Index of Financial Literacy is based on a survey conducted across 24 Asia/Pacific countries. This survey will continue to be conducted on an annual basis.http://www1.mastercard.com/content/intelligence/en/research/press-release/2011/australian-women-top-three-in-money-matters-in-asia-pacific2011-03-07T16:00:00.000Z2011-03-07T16:00:00.000ZSingaporean Women Rank Highly in Money Management and Financial Planning: Inaugural MasterCard Worldwide Index of Financial Literacy Ashwin Seshadri, Zheng FangTing Singaporean Women Rank Highly in Money Management and Financial Planning: Inaugural MasterCard Worldwide Index of Financial Literacy <p><b><i>Singapore, 1 March 2011</i></b>: Women in Singapore hold their own when it comes to being financially savvy, according to the results of the inaugural MasterCard Worldwide Index of Financial Literacy which were released today.</p> <p>The Index ranked Singaporean women fifth out of 14 countries in the Asia/Pacific region. Thai women topped the Financial Literacy Index with an aggregate score of 73.9 followed closely by New Zealand (71.3), Australia (70.2), Vietnam (70.1) and Singapore (69.4). In contrast, developed markets Korea (55.9) and Japan (59.9) made up the lower spectrum of the Index.</p> <p>The MasterCard Index is based on a survey of consumers from 24 markets<sup>[<a href="#1">1</a>]</sup> across Asia/Pacific Middle East Africa (APMEA). It comprises three major components: Basic Money Management, which examines the respondents’ skills in terms of budgeting, savings and responsibility of credit usage; Financial Planning, which assesses their knowledge of financial products, services, concepts and ability to make long-term plans for financial needs; and Investment, which gauges their basic understanding of the various investment risks, different investment products and if they have the necessary skills.</p> <p>The Index score is calculated from the weighted sum of the three components, with 100 as the maximum score in financial literacy and zero as the lowest possible score. The survey was conducted between 13 September and 11 November 2010 and will continue to be conducted on an annual basis.</p> <p>Of the three components that make up the survey, women in Singapore ranked highly in the Basic Money Management (ranked 4<sup>th</sup>) and Financial (ranked 4<sup>th</sup>) portions with composite scores of 70.0 and 80.4 in these sections. Their scores in the Investment section of the survey however indicate room for improvement in investment skills and knowledge, with the score of 51.5 bringing down the overall ranking.</p> <p>When it comes to basic money management, 71% of those surveyed in Singapore say they do not have problems staying on top of their bills and credit commitments while the same number also said that they understand the concept of compound interest. 33% of women surveyed however, admitted that they often have problems with setting money aside for big purchases.</p> <p>When it comes to financial planning, Singaporean women appear to be well in control with 90% of those surveyed stating that they feel it is never too early to have a financial plan. 97% of those surveyed also believed that one should regularly save a portion of their monthly income and 92% of women surveyed believe they should have 3 - 6 months of cash savings to meet their emergency needs, such as illness or job losses.</p> <p>Overall, Singaporean women stacked up well against their counterparts in developed markets, where New Zealand and Australia had the second (71.3) and third (70.2) highest overall Index scores. These markets also led in Basic Money Management with scores of 76.7 and 75.8 respectively. They did not perform as strongly in Financial Planning, coming in under the 14 market average, and Investment (58.3 and 55.2 respectively).</p> <p>The most populous developing markets in the world, India (61.4) and China (60.1) reflected a relatively low Financial Literacy score among women. Chinese and Indian women are particularly weak in Basic Money Management (54.4 and 58.8), near the bottom of the ranking for that component in Asia/Pacific. While, Japan and Korea are the only two markets in Asia/Pacific with a Women’s Financial Literacy Index score that falls below 60.</p> <p>Korean women are bottom of the rankings in two of the Index components: Basic Money Management (51.1) and Financial Planning (65.7), while Japanese women have the lowest investment score (38.4).</p> <p>“It is clear from the findings of MasterCard’s first ever regional study on financial literacy, that women in Singapore have an appreciation for managing their personal finances. Saving, budgeting and investing are all important aspects of financial management, and while a majority of Singapore women are well-educated, there are still opportunities for them to enhance their knowledge of financial investment tools and strategies”, said Julienne Loh, vice president and Country Manager, Singapore, MasterCard Worldwide.</p> <p><b><u>MasterCard Worldwide Index of Financial Literacy (Women)</u></b></p> <table border="1" cellspacing="0" cellpadding="0"> <tbody><tr><th class="table-description" colspan="2" rowspan="3"><b>Ranking</b></th> <th class="table-description" colspan="4"><b>Scores</b></th> </tr><tr><th class="table-description" rowspan="2"><b>Overall Financial Literacy Index</b></th> <th class="table-description" colspan="3"><b>Components of Financial Literacy Index</b></th> </tr><tr><th class="table-description"><b>Basic Money Management</b></th> <th class="table-description"><b>Financial Planning</b></th> <th class="table-description"><b>Investment</b></th> </tr><tr><th class="table-description" colspan="2"><b><i>Asia/Pacific </i></b></th> <td><i>65.7</i></td> <td><i>63.9</i></td> <td><i>74.6</i></td> <td><i>56.7</i></td> </tr><tr><td><b>1</b></td> <td>Thailand</td> <td>73.9</td> <td>67.9</td> <td>87.0</td> <td>69.3</td> </tr><tr><td><b>2</b></td> <td>New Zealand</td> <td>71.3</td> <td>76.7</td> <td>72.9</td> <td>55.2</td> </tr><tr><td><b>3</b></td> <td>Australia</td> <td>70.2</td> <td>75.8</td> <td>69.0</td> <td>58.3</td> </tr><tr><td><b>4</b></td> <td>Vietnam</td> <td>70.1</td> <td>65.4</td> <td>82.8</td> <td>62.7</td> </tr><tr><td><b>5</b></td> <td>Singapore</td> <td>69.4</td> <td>70.0</td> <td>80.4</td> <td>51.5</td> </tr><tr><td><b>6</b></td> <td>Taiwan</td> <td>68.7</td> <td>63.4</td> <td>82.4</td> <td>61.3</td> </tr><tr><td><b>7</b></td> <td>Philippines</td> <td>68.2</td> <td>66.6</td> <td>79.2</td> <td>55.6</td> </tr><tr><td><b>8</b></td> <td>Hong Kong</td> <td>68.0</td> <td>71.0</td> <td>67.8</td> <td>60.9</td> </tr><tr><td><b>9</b></td> <td>Indonesia</td> <td>66.5</td> <td>62.1</td> <td>79.1</td> <td>58.6</td> </tr><tr><td><b>10</b></td> <td>Malaysia</td> <td>66.0</td> <td>64.3</td> <td>75.0</td> <td>56.6</td> </tr><tr><td><b>11</b></td> <td>India</td> <td>61.4</td> <td>58.8</td> <td>67.6</td> <td>58.9</td> </tr><tr><td><b>12</b></td> <td>China</td> <td>60.1</td> <td>54.4</td> <td>73.3</td> <td>54.4</td> </tr><tr><td><b>13</b></td> <td>Japan</td> <td>59.9</td> <td>61.7</td> <td>71.2</td> <td>38.4</td> </tr><tr><td><b>14</b></td> <td>Korea</td> <td>55.9</td> <td>51.1</td> <td>65.7</td> <td>53.1</td> </tr></tbody></table> <p><a name="1"></a>[1] <i>Markets surveyed include Australia, China, Egypt, Hong Kong, India, Indonesia, Japan, Kenya, Kuwait, Lebanon, Malaysia, Morocco, New Zealand, Nigeria, Philippines, Qatar, Saudi Arabia, South Africa, South Korea, Singapore, Taiwan, Thailand, United Arab Emirates and Vietnam.</i></p> <p></p> MasterCard and its Suite of Research Properties <p>The MasterCard Worldwide Index suite in Asia/Pacific, Middle East and Africa includes the long-running MasterCard Worldwide Index of Consumer Confidence, as well as the&nbsp;MasterCard Worldwide Index of Women’s Advancement, Online Shopping,&nbsp;Index of Financial Literacy, and the&nbsp;<a href="http://newsroom.mastercard.com/digital-press-kits/mastercard-global-destination-cities-index-2013/" target="_blank"><b>Index of Global Destination Cities</b></a>. In addition to the Indices, MasterCard’s research properties also include a range of consumer surveys including Ethical Spending&nbsp;and a series on&nbsp;Consumer Purchasing Priorities&nbsp;(covering&nbsp;Travel,&nbsp;Dining &amp; Entertainment, Education,&nbsp;Money Management,&nbsp;Luxury&nbsp;and General Shopping).</p> <p>MasterCard also regularly releases Insights reports providing analysis of business dynamics, financial policies and regulatory activities in the Asia/Pacific, Middle East and Africa region. Over 80 Insights reports have been produced since 2004.</p> <p>MasterCard has also released a series of four books on Asian consumer insights, authored by&nbsp;<a href="http://newsroom.mastercard.com/people/dyuwa/" target="_blank"><b>Dr. Yuwa Hedrick-Wong</b></a>, Global Economic Advisor for MasterCard Worldwide and published by John Wiley &amp; Sons.</p> About MasterCard Worldwide<p><a href="http://www.mastercard.com/index.html" target="_blank"><b>MasterCard</b></a>&nbsp;(NYSE: MA),&nbsp;<a href="http://www.mastercard.com/" target="_blank"><b>www.mastercard.com</b></a>,<b>&nbsp;</b>is a technology company in the global payments industry. We operate&nbsp;the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard’s products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter <a href="https://twitter.com/#!/MasterCardNews" target="_blank"><b>@MasterCardNews</b></a><b>,&nbsp;</b>join the discussion on the&nbsp;<a href="http://newsroom.mastercard.com/blog/" target="_blank"><b>Cashless Conversations Blog</b></a>&nbsp;and&nbsp;<a href="http://newsroom.mastercard.com/subscribe/" target="_blank"><b>subscribe</b></a>&nbsp;for the latest <a href="http://newsroom.mastercard.com/" target="_blank"><b>news</b></a>.</p> The MasterCard Worldwide Index of Financial Literacy is based on a survey conducted between 13 September 2010 and 11 November 2010 in 24 Asia/Pacific countries. http://www1.mastercard.com/content/intelligence/en/research/press-release/2011/singapore-women-rank-highly-in-money-management-and-financial-planning2011-02-28T16:00:00.000Z2011-02-28T16:00:00.000ZChinese Cities Expecting to See Growth in Visitor Arrivals and Expenditure: New MasterCard Index Georgette TanBeijing, Shanghai Rank among Top Three Cities in Asia/Pacific Region by Visitor Growth<p><b><i>Beijing</i></b><b><i>, </i></b><b><i>9 June,</i></b><b><i> 2011: </i></b>Beijing and Shanghai, already leading global and regional destination cities, will see their number of visitors grow significantly in 2011, according to MasterCard Worldwide’s Index of Global Destination Cities.</p> <p>The MasterCard Worldwide Index of Global Destination Cities ranks 132 selected cities around the world by their total international visitor arrivals, along with their cross-border spending in those cities. The Index offers a different approach to understanding the global economy and the dynamic flow of commerce around the world.</p> <p>Among the global top 20 destination cities by visitor arrivals, London tops the world’s cities with 20.1 million inbound passengers expected in 2011, ahead of Paris in second place with 18.1 million and Bangkok in third with 11.5 million. Shanghai ranks No. 18 with 5.5 million visitors. Growth rates of visitor arrivals for the top 20 destination cities in 2011 show Shanghai to rank No. 4 at 18.6%.&nbsp; Among the top 10 destination cities in the Asia/Pacific region, Bangkok ranks No.1, while Shanghai and Beijing rank No. 6 and No. 9 respectively.</p> <p>According to the Index, in 2010 the overall total outbound air passenger departures and outbound expenditure grew by 9.2% and 14.6% year-on-year, respectively. This reflects a recovery in global tourism following the global economic crisis. Of all the top-ranked destination cities reviewed in the report, only three had a decline in visitor arrivals and two show declining visitor expenditures.</p> <p></p> Chinese cities show prominent visitor growth <p>Thirteen Chinese cities were included in the Index rankings of the 132 cities. Beijing and Shanghai rank second and third regionally in terms of visitor growth, with growth rates estimated at 20.2% and 18.6% respectively, reflecting their rising prominence as China’s most important destination cities.&nbsp; Shanghai also ranks No. 2 in the region for growth in visitor expenditure with 24.3%, second to Kuala Lumpur, Malaysia, with 31.0%</p> <p></p> Hong Kong leads the Greater China region<p>The Index shows Hong Kong is still the most dynamic business and travel center in the Greater China region. Hong Kong ranks No. 5 among the global top 20 destination cities by international visitors, Shanghai ranks No. 18 and Taipei ranks No.19. Among the top 20 destination cities by visitor spending, only Hong Kong and Taipei are on the list, with rankings of No. 10 and No. 17 respectively.&nbsp; In terms of growth rates of visitor expenditures for the top 20 destination cities in 2011, Taipei and Hong Kong both have a growth rate of over 20%.</p> <p>Ling Hai, MasterCard Worldwide’s Division President for Greater China, said: “This kind of growth pattern suggests that destination cities in emerging markets like China will continue to grow in importance and play a much greater role in the global economy. MasterCard understands these travel growth trends and will continue to help build upon the profiles of these cities through programs that will increase the attractiveness of the travel experience into China.”</p> <p></p> Bangkok ahead among Asia/Pacific cities<p>The Index shows there are eight Asia/Pacific cities ranking among the global top 20 destination cities by visitor arrival and seven cities ranking among the global top 20 destination cities by international visitor spending. In terms of both visitor arrivals and international spending, Bangkok ranks No. 1, illustrating that it has become a mature international destination in Asia/Pacific. Singapore is second to Bangkok by visitor arrivals, followed by Hong Kong. By visitor expenditure, Singapore ranks No.3 and Hong Kong No. 4. Other Asia/Pacific cities ranking in the global top 20 destinations include Shanghai, Taipei, Tokyo, Seoul and Kuala Lumpur.</p> <p></p> Methodology <p>The MasterCard Worldwide Index of Global Destination Cities is compiled using international flight and flight capacity information purchased from OAG Global, a provider of international aviation data. Flight schedules are also used for calculating flight frequency between pairs of cities.&nbsp; Airlines also publish on a regular basis their historical load factor, and advance flight schedules, which are then used to estimate the actual outbound passenger departures, and for forecasting outbound passenger departures in the coming year. On a country level, the UN Database of “Trade in Service” in the “Travel Component” provides estimates of how much each year residents spend abroad (air fare paid in home country not included).&nbsp; An algorithm is applied to this total outbound expenditure and estimated total number of outbound passengers to derive an estimate of average per outbound passenger’s expenditure overseas.&nbsp;</p> <p></p> Graphics<p><a href="/content/dam/intelligence/content-assets/chart1top20destinations.jpg" target="_blank"><img src="/content/dam/intelligence/content-assets/chart1top20destinations.jpg"></a><a href="/content/dam/intelligence/content-assets/table2growthrates.jpg" target="_blank"><img src="/content/dam/intelligence/content-assets/table2growthrates.jpg"></a><a href="/content/dam/intelligence/content-assets/chart2top20destinations.jpg" target="_blank"><img src="/content/dam/intelligence/content-assets/chart2top20destinations.jpg"></a><a href="/content/dam/intelligence/content-assets/chart5top20.jpg" target="_blank"><img src="/content/dam/intelligence/content-assets/chart5top20.jpg"></a><a href="/content/dam/intelligence/content-assets/table7growthrates.jpg" target="_blank"><img src="/content/dam/intelligence/content-assets/table7growthrates.jpg"></a><a href="/content/dam/intelligence/content-assets/chart6top10.jpg" target="_blank"><img src="/content/dam/intelligence/content-assets/chart6top10.jpg"></a><a href="/content/dam/intelligence/content-assets/table8growthrates.jpg" target="_blank"><img src="/content/dam/intelligence/content-assets/table8growthrates.jpg"></a></p> <p></p> About MasterCard Worldwide<p><a href="http://www.mastercard.com/index.html" target="_blank"><b>MasterCard</b></a>&nbsp;(NYSE: MA),&nbsp;<a href="http://www.mastercard.com/" target="_blank"><b>www.mastercard.com</b></a>,<b>&nbsp;</b>is a technology company in the global payments industry. We operate&nbsp;the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard’s products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter <a href="https://twitter.com/#!/MasterCardNews" target="_blank"><b>@MasterCardNews</b></a><b>,&nbsp;</b>join the discussion on the&nbsp;<a href="http://newsroom.mastercard.com/blog/" target="_blank"><b>Cashless Conversations Blog</b></a>&nbsp;and&nbsp;<a href="http://newsroom.mastercard.com/subscribe/" target="_blank"><b>subscribe</b></a>&nbsp;for the latest <a href="http://newsroom.mastercard.com/" target="_blank"><b>news</b></a>.</p> This is the inaugural edition of the MasterCard Global Destination Cities Index, which is used as a barometer for understanding the global economy and the dynamic flow of commerce across the world.http://www1.mastercard.com/content/intelligence/en/research/press-release/2011/chinese-cities-expecting-to-see-growth-in-visitor-arrivals-and-expenditure2011-06-08T16:00:00.000Z2011-06-08T16:00:00.000ZTaipei Expecting Growth in International Arrivals and Expenditure: MasterCard Index Iris Lin, Mark Lai Research on 132 Destination Cities Reveals Year-on-Year Growth in International Visitor Arrivals and Expenditure Led by Asian Cities, with Taipei Ranking Highly on Both <p><b><i>Taipei, 1 Jun 2011: </i></b>The world’s most dynamic cities, including Taipei, are leading the global financial recovery through their connectivity and as destination cities for international visitors, according to the MasterCard Worldwide Index of Global Destination Cities released today.</p> <p>The MasterCard Index of Global Destination Cities is a new approach to understanding the global economy from the perspective of connectivity between global cities, especially in terms of international travel and cross-border expenditures.</p> <p>The Index ranks cities in terms of the number of their total international visitor arrivals and the cross-border spending by these same visitors in the destination cities, and gives visitor and passenger growth forecasts for 2011. The Index shows total outbound air passenger departures and expenditures across 132 global cities grew by 9.2% and 14.6% year-on-year respectively, surpassing world GDP growth.</p> <p>Cities in Asia/Pacific account for eight of the top twenty<sup>[<a href="#1">1</a>]</sup>cities globally in terms of visitor arrivals by air with Bangkok ranked third, projected to have 11.5 million visitors this year, followed by Singapore with 11.4 million and Hong Kong with 10.9 million visitors.</p> <p>Overall, Taipei ranked 19<sup>th</sup> in the world in terms of international visitors with 5.4 million people expected this year, and 17<sup>th</sup> globally by cross border expenditure with inbound passengers spending $8.5 billion on their travels.</p> <p>However, the city features prominently as a high growth destination, ranking 7<sup>th</sup> in the world in terms of both its growth rates for international visitor arrivals (16.9%) and visitor expenditures (20.3%), showing its huge potential as a commercial hub and a global city.</p> <p><i><a name="1"></a>[1] All estimates for Tokyo in this report will be subject to change as the impacts of earthquake and tsunami evolve going forward. &nbsp;</i></p> <p></p> <p></p> <p></p> Greater China Region Boasts Visitor Growth<p>Beijing and Shanghai are ranked second and third in the Asia/ Pacific region, with visitor growth rates estimated at 20.2% and 18.6% respectively, reflecting their rising attraction as China’s most important destination cities. Overall, four out of the top five high growth Asia/Pacific destination cities by international arrivals herald from the Greater China region with Hong Kong ranked fourth with a growth rate of 17.4%.&nbsp;<i></i></p> Asian Cities’ to Experience Rise in Spending <p>Asian cities also ranked highly on visitor spending with Bangkok ranked fourth globally with US$14.4 billion<b> </b>expected to be spent by inbound passengers in 2011; Sydney ranked sixth with US$13.8 billion, Singapore ranked ninth US$10.8 billion and Hong Kong tenth with US$10.4 billion. The region dominated in terms of expenditure growth rates with Shanghai (24.3%), Singapore (23.9%), Hong Kong (23.6%) and Tokyo (20.8%) leading the charge.</p> <p>Julie Yang, Head of Taiwan, MasterCard Worldwide, said: “The solid growth in international arrivals and cross border spending in both business travel and tourism shows the huge potential of Taipei as a commercial hub and a global city. With its Top 20 ranking globally and double-digit growth forecasts, it is clearly a rising star among the world’s leading cities.”&nbsp;</p> <p></p> About MasterCard Worldwide<p><a href="http://www.mastercard.com/index.html" target="_blank"><b>MasterCard</b></a>&nbsp;(NYSE: MA),&nbsp;<a href="http://www.mastercard.com/" target="_blank"><b>www.mastercard.com</b></a>,<b>&nbsp;</b>is a technology company in the global payments industry. We operate&nbsp;the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard’s products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter <a href="https://twitter.com/#!/MasterCardNews" target="_blank"><b>@MasterCardNews</b></a><b>,&nbsp;</b>join the discussion on the&nbsp;<a href="http://newsroom.mastercard.com/blog/" target="_blank"><b>Cashless Conversations Blog</b></a>&nbsp;and&nbsp;<a href="http://newsroom.mastercard.com/subscribe/" target="_blank"><b>subscribe</b></a>&nbsp;for the latest <a href="http://newsroom.mastercard.com/" target="_blank"><b>news</b></a>.</p> This is the inaugural edition of the MasterCard Global Destination Cities Index, which is used as a barometer for understanding the global economy and the dynamic flow of commerce across the world.http://www1.mastercard.com/content/intelligence/en/research/press-release/2011/taipei-expecting-growth-in-international-arrivals-and-expenditure2011-06-07T16:00:00.000Z2011-06-07T16:00:00.000ZAsian Cities Leading the Charge as Global Destinations: New MasterCard Index Georgette Tan, Robert O’BrienRegion’s Cities Record Strong Growth in Passenger Arrivals; International Visitor Expenditure Set to Jump by More Than 20% in Singapore, Tokyo, Hong Kong and Taipei<p><b><i>Singapore, 1 June 2011: </i></b>Destinations in Asia/Pacific are key players in the movement of the world economy in favor of emerging market cities, according to the MasterCard Index of Global Destination Cities released today.</p> <p>The latest Index from MasterCard is a new approach to understanding the global economy and the dynamic flow of commerce across the world. It ranks cities by their total international visitor arrivals and the cross-border spending by these same visitors in the destination cities, and gives visitor and passenger growth forecasts for 2011.</p> <p>The Index results show that many emerging market cities are showing robust growth with increases in both visitor arrivals and cross-border expenditures, with many showing growth rates exceeding 20%.</p> <p>Cities in Asia/Pacific led the charge globally having eight of the top twenty<sup>[<a href="#1">1</a>]</sup>cities by international arrivals, with Bangkok ranked third, projected to have 11.5 million visitors this year, followed by Singapore in fourth rank with 11.4 million visitors and Hong Kong fifth with 10.9 million visitors. Asia also displayed strong visitor growth for 2011 with Kuala Lumpur ranked second in the world with a 21.8% growth forecast, only behind Barcelona which led with an impressive 24.3%. Istanbul ranked third with 20.4%, followed by Shanghai (18.6%) and Hong Kong (17.4%).</p> <p>The region also ranked highly on visitor spending with Bangkok ranked fourth globally with US$14.4 billion expected to be spent by inbound passengers in 2011; Sydney ranked sixth with US$13.8 billion, Singapore ranked ninth US$10.8 billion and Hong Kong tenth with US$10.4 billion. Asian cities dominate in terms of expenditure growth rates too, with seven of the top twenty high growth cities in the world heralding from the region, including Singapore (23.9%), Hong Kong (23.6%), Tokyo (20.8%) and Taipei (20.3%).</p> <p>“This kind of growth pattern strongly suggests that destination cities in emerging markets in Asia will continue to grow in importance,” observed Dr. Yuwa Hedrick-Wong, global economic advisor, MasterCard Worldwide.</p> <p>Overall London topped the world’s cities by visitor numbers with 20.1 million inbound passengers expected in 2011, ahead of Paris in second with 18.1 million. Only one city in North America is in the top twenty, New York, which is ranked twelfth with 7.6 million inbound passengers expected. &nbsp; &nbsp;</p> <p>London also ranked first on cross-border expenditure, ahead of New York in second place, and Paris in third. Estimated expenditures in these cities for 2011 amounted to US$25.6 billion, US$20.3 billion and US$14.6 billion respectively.</p> <p>While cities in Europe and the US still ranked highly in the MasterCard Index of Global Destination Cities, Dr. Hedrick-Wong said that emerging market cities in Asia were shaping to play a much greater role in the global economy.</p> <p>“Growth of outbound travel and expenditures is clearly a resilient secular trend that will continue to shape the future of globalization,” he said.</p> <p>“As the global center of economic gravity shifts inexorably to the dynamic emerging markets in Asia, Latin America, Central and Eastern Europe, and Africa, cities there will correspondingly play ever bigger roles in knitting the world together.”</p> <p><a name="1"></a>[1] <i>All figures for Tokyo estimated in this Index will be subject to change as the impacts of earthquake and tsunami evolve going forward.</i> &nbsp;&nbsp;</p> <p></p> Additional Highlights<p><b>Kuala Lumpur records huge spending growth</b></p> <p>The Malaysian capital is ranked number one in the region for growth in cross border visitor expenditure with an expected growth rate of 30.1%.</p> <p><b>Chinese cities show prominent visitor growth</b></p> <p>Beijing and Shanghai are ranked second and third regionally in terms of visitor growth, with growth rates estimated at 20.2% and 18.6% respectively, reflecting their rising attraction as China’s most important destination cities.&nbsp; Shanghai also ranks second in the region for growth in visitor expenditures with 24.3%.</p> <p><b>Philippines boosted by Manila’s continued growth</b></p> <p>Manila is ranked 10<sup>th</sup> in the Asia/Pacific region with 3 million visitors for 2011, but the city is forecasted to grow significantly: it is ranked sixth in the region with visitor growth of 15.3%.</p> <p></p> Top 10 Destination Cities in Asia/Pacific by Visitor Arrivals<p><a href="/content/dam/intelligence/content-assets/top10destinations.jpg" target="_blank"><img width="376" height="238" src="/content/dam/intelligence/content-assets/top10destinations.jpg"></a></p> <p></p> Top 10 Destination Cities in Asia/Pacific by Visitor Expenditures <p><a href="/content/dam/intelligence/content-assets/top10destinations2.jpg" target="_blank"><img width="393" height="241" src="/content/dam/intelligence/content-assets/top10destinations2.jpg"></a></p> <p></p> Methodology<p>The MasterCard Worldwide Index of Global Destination Cities is compiled using international flight and flight capacity information purchased from OAG Global, a provider of international aviation data. Flight schedules are also used for calculating flight frequency between pairs of cities.&nbsp; Airlines also publish on a regular basis their historical load factor, and advance flight schedules, which are then used to estimate the actual outbound passenger departures, and for forecasting outbound passenger departures in the coming year.</p> <p>On any given flight there are visitors from the departure country, returning residents of the destination city after visiting the departure country, and a third group: non-residents connecting through the departure country to the destination city on their way to a second destination city. This group can be a low proportion of the passengers for typically non-hub cities, but very high for destination cities that are “hubs” such as Singapore, Amsterdam, and Frankfurt.</p> <p>On a country level, the UN Database of “Trade in Service” in the “Travel Component” provides estimates of how much each year residents spend abroad (air fare paid in home country not included).&nbsp; An algorithm is applied to this total outbound expenditure and estimated total number of outbound passengers to derive an estimate of average per outbound passenger’s expenditure overseas. </p> <p>A margin of error is also unavoidable in such estimates, as not all outbound trips are of equal length, and the cost of living varies a great between arrival cities such that even if each trip of equal length, expenditure per passenger between different arrival cities would still be very different.&nbsp;</p> <p>This margin of error is reduced significantly by imposing a minimum of expenditures in the algorithm, after a number of iterative testing (US$500 per trip for bordering arrival country and US$700 per trip for non-bordering arrival country).&nbsp;&nbsp;</p> <p></p> About MasterCard Worldwide<p><a href="http://www.mastercard.com/index.html" target="_blank"><b>MasterCard</b></a>&nbsp;(NYSE: MA),&nbsp;<a href="http://www.mastercard.com/" target="_blank"><b>www.mastercard.com</b></a>,<b>&nbsp;</b>is a technology company in the global payments industry. We operate&nbsp;the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard’s products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter <a href="https://twitter.com/#!/MasterCardNews" target="_blank"><b>@MasterCardNews</b></a><b>,&nbsp;</b>join the discussion on the&nbsp;<a href="http://newsroom.mastercard.com/blog/" target="_blank"><b>Cashless Conversations Blog</b></a>&nbsp;and&nbsp;<a href="http://newsroom.mastercard.com/subscribe/" target="_blank"><b>subscribe</b></a>&nbsp;for the latest <a href="http://newsroom.mastercard.com/" target="_blank"><b>news</b></a>.</p> This is the inaugural edition of the MasterCard Global Destination Cities Index, which is used as a barometer for understanding the global economy and the dynamic flow of commerce across the world.http://www1.mastercard.com/content/intelligence/en/research/press-release/2011/asian-cities-leading-the-charge-as-global-destinations2011-05-31T16:00:00.000Z2011-05-31T16:00:00.000ZLos Angeles’ Sunset Strip Lures Melbourne Travellers Julia RoganOutbound Travellers Expected to Spend US$585 million in the City of Angels<p><b><i>Melbourne, 5 September 2011: </i></b>With the Australian dollar reaching record highs against its US equivalent, Melburnians are seizing the opportunity to use local currency strength to their advantage by jetting overseas.</p> <p>In a result likely to raise eyebrows, Los Angeles has topped the list as the city of choice for Melburnians to head to and spend money against stiff competition from other international destinations.</p> <p>According to new research from the MasterCard Index of Global Destination Cities,<i> </i>more than 1.6 million Australian travellers departing from Melbourne will spend in excess of US$2.6 billion across 10 cities in 2011.</p> <p>MasterCard Australia Country Manager, Andrew Cartwright said: “The Australian dollar is continuing to climb against the US dollar, reaching its highest level since it was floated in the 1970s.</p> <p>“This, combined with increasing competition and capacity amongst the airline industry on Australian – American routes, has ensured that Los Angeles is top choice for people flying from Melbourne looking to get the most value for their money.”</p> <p>“Despite the popularity of long haul European destinations, Melbourne holidaymakers are also taking short breaks to cities which are closer to home – with Auckland, Wellington and Christchurch in the top ten destinations – all of which are popular trips which can be reached with a short flight.”</p> <p>The research reveals that the top spending destinations for Australians are now a mixture of cities in Asia Pacific and the USA.</p> <p>While London remains the most popular destination on a global basis in terms of visitation and visitor spending, the city is now ranks outside of the top ten places to fly to for Australians.</p> <p>More than 104,000 people flying from Melbourne are predicted to visit Los Angeles this year and spend in excess of US$585 million dollars, according to the <i>MasterCard Index of Global Destination Cities</i>.</p> <p>Los Angeles was closely followed by Auckland, New Zealand with 241,000 visitors from Melbourne expected to spend $425 million.</p> <p>Kuala Lumpur is third on the list with 297,000 visitors expected to spend US$334 million on travel, accommodation, dining and entertainment in the area during the course of the year.</p> <p>The figures come as MasterCard launched the <a href="http://cities.masterintelligence.com/"><b>cities.masterintelligence.com</b></a> website – which outlines visitor number and cross border expenditure in to and out of 132 cities across five regions.&nbsp;</p> <p></p> Destination Hotspots – Outbound Travel ex-Melbourne ranked by Spend<p>Cities in the top ten list are:</p> <ul> <li>Los Angeles,&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 104,000 visitors,&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; US$585 million</li> <li>Auckland, &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 241,000 visitors, &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; US$425 million. </li> <li>Kuala Lumpur, &nbsp; 297,000 visitors,&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; US$334 million</li> <li>Bangkok, &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 176,000 visitors, &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; US$274 million</li> <li>Singapore, &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 258,000 visitors, &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; US$230 million</li> <li>Hong Kong, &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 184,000 visitors, &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; US$216 million</li> <li>Denpasar, &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 115,000 visitors, &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; US$193 million</li> <li>Christchurch, &nbsp;&nbsp;&nbsp; 92,000 visitors, &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; US$160 million</li> <li>Wellington, &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 58,000 visitors, &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; US$103 million</li> <li>Doha, &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 75,000 visitors, &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; US$84 million&nbsp;</li> </ul> <p></p> Asia Pacific Cities – Significant Contribution to Melbourne Tourism <p>The research also reveals the holidaymakers and the cities where they originate who are visiting Melbourne in large numbers this year, as well as the amount of money that they are expected to invest in the Australian tourism sector.</p> <p>Five cities in the Asia Pacific region featured in the top ten for both inbound visitor numbers and visitor expenditure in Melbourne, with Hong Kong topping the list for the highest level of visitor expenditure – 168,000 visitors are expected to spend in excess of US$1.7 billion in the city in 2011.</p> <p>This is closely followed by Singapore with 416,000 visitors expected to spend US$1.39 billion and Bangkok with 83,000 visitors expected to spend US$837 million.&nbsp;</p> <p></p> Inbound Visitors to Melbourne and Expenditure Figures <ul> <li>Hong Kong, &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 168,000 visitors,&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; US$1.7 billion </li> <li>Singapore,&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 416,000 visitors &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; US$1.39 billion </li> <li>Bangkok,&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 83,000 visitors, &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; US$837 million</li> <li>Kuala Lumpur, &nbsp; 105,000 visitors, &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; US$704 million</li> <li>Auckland, &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 294,000 visitors, &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; US$555 million</li> <li>Dubai, &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 105,000 visitors, &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; US$459 million</li> <li>Shanghai, &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 40,000 visitors, &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; US$330 million</li> <li>Los Angeles, &nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 69,000 visitors, &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; US$268 million</li> <li>Abu Dhabi, &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 50,000 visitors, &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; US$219 million</li> <li>Christchurch, &nbsp;&nbsp;&nbsp; 57,000 visitors, &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; US$108 million</li> </ul> <p>Andrew Cartwright adds: “Whilst Australians are taking advantage of the competitive air fares and strong dollar, it is great to see that visitors from destination hotpots are reciprocating and visiting Melbourne in such large numbers. These visitors will provide a much needed cash injection for the domestic tourism industry following the natural disasters earlier in the year.”&nbsp;</p> <p></p> About MasterCard Worldwide <p>MasterCard (NYSE: MA) is a global payments and technology company.&nbsp; It operates the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard’s products and solutions make everyday commerce<b> </b>activities—such as shopping, traveling, running a business and managing finances - easier, more secure and more efficient for everyone. Learn more at mastercard.com or follow us on Twitter @mastercardnews</p> Methodology<p>The MasterCard Worldwide Index of Global Destination Cities is compiled using international flight and flight capacity information purchased from OAG Global, a provider of international aviation data. Flight schedules are also used for calculating flight frequency between pairs of cities.&nbsp; Airlines also publish on a regular basis their historical load factor, and advance flight schedules, which are then used to estimate the actual outbound passenger departures, and for forecasting outbound passenger departures in the coming year.</p> <p>For every city pair, data from the UN World Tourism Organization that document on an annual basis total numbers of outbound air passengers that travel between the two respective countries are used to create a “ratio” of outbound versus inbound air passengers between two countries.</p> <p>A margin of error is unavoidable in this calculation as not every outbound passenger would return as in the case of immigration, and not all return in the same year.</p> <p>On a country level, the UN Database of “Trade in Service” in the “Travel Component” provides estimates of how much each year residents spend abroad (air fare paid in home country not included).&nbsp; An algorithm is applied to this total outbound expenditure and estimated total number of outbound passengers to derive an estimate of average per outbound passenger’s expenditure overseas. </p> <p>A margin of error is also unavoidable in such estimates, as not all outbound trips are of equal length, and the cost of living varies a great deal between arrival cities such that even if each trip of equal length, expenditure per passenger between different arrival cities would still be very different. </p> <p>This margin of error is reduced significantly by imposing a minimum of expenditures in the algorithm, after a number of iterative testing (US$500 per trip for bordering arrival country and US$700 per trip for non-bordering arrival country). &nbsp;</p> <p></p> abuout mastercard worldwide<p><a href="http://www.mastercard.com/index.html" target="_blank"><b>MasterCard</b></a>&nbsp;(NYSE: MA),&nbsp;<a href="http://www.mastercard.com/" target="_blank"><b>www.mastercard.com</b></a>,<b>&nbsp;</b>is a technology company in the global payments industry. We operate&nbsp;the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard’s products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter <a href="https://twitter.com/#!/MasterCardNews" target="_blank"><b>@MasterCardNews</b></a><b>,&nbsp;</b>join the discussion on the&nbsp;<a href="http://newsroom.mastercard.com/blog/" target="_blank"><b>Cashless Conversations Blog</b></a>&nbsp;and&nbsp;<a href="http://newsroom.mastercard.com/subscribe/" target="_blank"><b>subscribe</b></a>&nbsp;for the latest <a href="http://newsroom.mastercard.com/" target="_blank"><b>news</b></a>.</p> This is the inaugural edition of the MasterCard Global Destination Cities Index, which is used as a barometer for understanding the global economy and the dynamic flow of commerce across the world.http://www1.mastercard.com/content/intelligence/en/research/press-release/2011/los-angeles-sunset-strip-lures-melbourne-travellers2011-09-04T16:00:00.000Z2011-09-04T16:00:00.000ZSingapore Sees Strong Growth in International Visitors’ Spending: New MasterCard Index Ashwin Seshadri, Zheng Fang Ting City-State to be Among Top Ten Global Destinations by Visitor Arrival Numbers and Expenditures in 2011 <p><b><i>Singapore, 1 June 2011: </i></b>A high volume of international visitor arrivals, coupled with significant visitor expenditures has placed Singapore among the world’s top ten destination cities on both counts, according to the MasterCard Index of Global Destination Cities released today.</p> <p>The latest Index from MasterCard is a new approach to understanding the global economy and the dynamic flow of commerce across the world. It examines 132 global cities across five continents by visitor arrival and cross border spending in the destination city, and gives growth forecasts for 2011.</p> <p>With an estimated 11.4 million visitor arrivals in 2011, the Index places Singapore second only to Bangkok (11.5 million) in the Asia-Pacific region. Overall, London topped the world’s cities by visitor numbers with 20.1 million inbound passengers expected in 2011, ahead of Paris in second with 18.1 million. Only one city in North America is in the top twenty, New York, which is ranked twelfth with 7.6 million inbound passengers expected. &nbsp; &nbsp;</p> <p>While cities in Europe and the US still ranked highly in the MasterCard Index on Global Destination Cities, results point towards many emerging market cities that are showing robust growth with increases in both visitor arrival and cross-border expenditure, and growth rates exceeding 20% in several cities.</p> <p>Cities in Asia/Pacific led the charge globally having eight of the top twenty<sup>[<a href="#1">1</a>]</sup>cities by international arrivals, with Hong Kong (fifth with 10.9 million visitors) and Seoul (eleventh with 7.9 million visitors) among the other cities performing well. Asia also displayed strong visitor growth for 2011<b> </b>with Kuala Lumpur ranked second in the world with a 21.8% growth forecast, only behind Barcelona which led with an impressive 24.3%. Istanbul ranked third with 20.4%, followed by Shanghai (18.6%) and Hong Kong (17.4%). Singapore had a lower growth rate of visitor arrivals over 2010 with an expected increase of 14.5% this year.</p> <p>London also ranked highest globally on cross-border expenditure, ahead of New York in second place, and Paris in third. Estimated expenditures in these cities for 2011 amounted to US$25.6 billion, US$20.3 billion and US$14.6 billion respectively.</p> <p>Singapore performs strongly in this category as well, ranking ninth globally and third in Asia-Pacific with US$10.8 billion, behind Bangkok (US$ 14.4 million and fourth overall) and Sydney (US$ 13.8 billion and sixth overall). Visitor spending helped Hong Kong to tenth overall with US$10.4 billion and Seoul eleventh with US$10.2 billion.</p> <p>Overall, Asian cities dominate in terms of expenditure growth with seven of the top twenty high growth cities in the world heralding from the region. Kuala Lumpur tops this list as well, as<b> t</b>he Malaysian capital ranked number one in the region with an expected growth rate of 30.1%. Singapore (23.9%), Hong Kong (23.6%), Tokyo (20.8%) and Taipei (20.3%) follow behind.</p> <p>“Singapore’s status as one of Asia’s premier destinations for travelers from all over the world is confirmed by the findings of the new MasterCard Index of Global Destination Cities,” said Ms Julienne Loh, vice president and country manager, Singapore, MasterCard Worldwide. “With a host of options for dining, entertainment and leisure, the city represents a high-value city destination for all types of travelers. Through this index we can now see that other cities in the region, such as Kuala Lumpur and Shanghai, are rising in popularity and Singapore must see this as an opportunity to maintain its attractiveness to travelers.”</p> <p><a name="1"></a>[1] <i>All estimates for Tokyo in this Index will be subject to change as the impacts of earthquake and tsunami evolve going forward. &nbsp;</i></p> <p></p> Additional Highlights<p><b>European capitals low on visitor growth</b></p> <p>Seven out of the top ten European capital cities – behind Amsterdam (ranked 3<sup>rd</sup>) – record visitor growth in the single digits percentages. By comparison, out of the top ten Asia/Pacific cities by visitor growth, none falls below 10%.&nbsp;</p> <p><b>Dubai – a destination on the rise</b></p> <p>While cities from the Middle East did not feature prominently on the list, the capital of the U.A.E. is ranked ninth in the world by visitor arrivals and eighteenth by expenditures, growing by 17.3% and 24.0% respectively.</p> <p><b>Chinese cities show prominent visitor growth</b></p> <p>Beijing and Shanghai are ranked second and third regionally in terms of visitor growth, with growth rates estimated at 20.2% and 18.6% respectively, reflecting their rising attraction as China’s most important destination cities.&nbsp; Shanghai also ranks second in the region for growth in visitor expenditures with 24.3%.</p> <p><b>Philippines boosted by Manila’s continued growth</b></p> <p>Manila is ranked 10<sup>th</sup> in the Asia/Pacific region with 3 million visitors for 2011, but the city is forecasted to grow significantly: it is ranked sixth in the region with visitor growth of 15.3%.</p> <p></p> Top 10 Destination Cities in Asia/Pacific by Visitor Arrivals <p><a href="/content/dam/intelligence/content-assets/top10destinations.jpg" target="_blank"><img width="429" height="271" src="/content/dam/intelligence/content-assets/top10destinations.jpg"></a></p> <p>&nbsp;</p> Top 10 Destination Cities in Asia/Pacific by Visitor Expenditures <p><a href="/content/dam/intelligence/content-assets/top10destinations2.jpg" target="_blank"><img width="430" height="264" src="/content/dam/intelligence/content-assets/top10destinations2.jpg"></a></p> <p></p> Methodology<p>The MasterCard Worldwide Index of Global Destination Cities is compiled using international flight and flight capacity information purchased from OAG Global, a provider of international aviation data. Flight schedules are also used for calculating flight frequency between pairs of cities.&nbsp; Airlines also publish on a regular basis their historical load factor, and advance flight schedules, which are then used to estimate the actual outbound passenger departures, and for forecasting outbound passenger departures in the coming year.</p> <p>On any given flight there are visitors from the departure country, returning residents of the destination city after visiting the departure country, and a third group: non-residents connecting through the departure country to the destination city on their way to a second destination city. This group can be a low proportion of the passengers for typically non-hub cities, but very high for destination cities that are “hubs” such as Singapore, Amsterdam, and Frankfurt.</p> <p>On a country level, the UN Database of “Trade in Service” in the “Travel Component” provides estimates of how much each year residents spend abroad (air fare paid in home country not included).&nbsp; An algorithm is applied to this total outbound expenditure and estimated total number of outbound passengers to derive an estimate of average per outbound passenger’s expenditure overseas.&nbsp;</p> <p>A margin of error is also unavoidable in such estimates, as not all outbound trips are of equal length, and the cost of living varies a great between arrival cities such that even if each trip of equal length, expenditure per passenger between different arrival cities would still be very different.&nbsp;</p> <p>This margin of error is reduced significantly by imposing a minimum of expenditures in the algorithm, after a number of iterative testing (US$500 per trip for bordering arrival country and US$700 per trip for non-bordering arrival country).&nbsp;</p> <p></p> About MasterCard Worldwide<p><a href="http://www.mastercard.com/index.html" target="_blank"><b>MasterCard</b></a>&nbsp;(NYSE: MA),&nbsp;<a href="http://www.mastercard.com/" target="_blank"><b>www.mastercard.com</b></a>,<b>&nbsp;</b>is a technology company in the global payments industry. We operate&nbsp;the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard’s products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter <a href="https://twitter.com/#!/MasterCardNews" target="_blank"><b>@MasterCardNews</b></a><b>,&nbsp;</b>join the discussion on the&nbsp;<a href="http://newsroom.mastercard.com/blog/" target="_blank"><b>Cashless Conversations Blog</b></a>&nbsp;and&nbsp;<a href="http://newsroom.mastercard.com/subscribe/" target="_blank"><b>subscribe</b></a>&nbsp;for the latest <a href="http://newsroom.mastercard.com/" target="_blank"><b>news</b></a>.</p> This is the inaugural edition of the MasterCard Global Destination Cities Index, which is used as a barometer for understanding the global economy and the dynamic flow of commerce across the world.http://www1.mastercard.com/content/intelligence/en/research/press-release/2011/singapore-sees-strong-growth-in-international-visitors-spending-new-mastercard-index2011-05-31T16:00:00.000Z2011-05-31T16:00:00.000ZTwo in Three Consumers in Thailand Looking to Shop Online: MasterCard Survey Elizabeth Wongwasin, Eakkapop Phanturat Consumers in Thailand are Most Likely to Shop Via Mobile Internet <p><b><i>Bangkok, 1 February 2011:</i></b> The latest survey on online shopping habits by MasterCard Worldwide revealed that 67% of Thai respondents access the internet for online shopping, slightly higher than the average across the 15 markets<sup>[<a href="#1">1</a>]</sup> surveyed (61%). The findings also revealed that women and consumers aged between 25 - 34 years old are more likely to shop online than their counterparts. Thai consumers topped the survey for mobile shopping with 34% of respondents purchasing items through their mobile phones during the past three months and 30% of the respondents looking to do so in the next six months.</p> <p>This year MasterCard has released its first Index on Online Shopping. The index serves as a benchmark that measures consumers’ propensity to shop online. The survey was conducted from 3 September to 1 October 2010 and covered 8,500 respondents across 15 markets: Australia, China, Hong Kong, India, Indonesia, Japan, Malaysia, New Zealand, Philippines, Singapore, South Africa, South Korea, Taiwan, Thailand and the UAE. <i>The survey and the accompanying Insights Report do not represent MasterCard financial performance.</i></p> <p><i></i>“Online shopping, especially making purchases via mobile phones have become significantly more popular in Thailand. This shift in consumer behavior indicates that shoppers in Thailand have become more IT savvy and diversified, not only in what they buy, but how and where they make their purchases. It is also encouraging to see Thai consumers having more positive attitudes towards online shopping – with 92% of the respondents feeling that payment facilities are more secured,&quot; said Eileen Wee, vice president and senior country manager, Thailand, MasterCard Worldwide. &nbsp; &nbsp;</p> <p>The top five items purchased online are airline tickets (33%), ladies clothing and accessories (32%), CDs/DVDs/VCDs (29%), hotel accommodation (27%) and cosmetics (25%). The top five mobile shopping items are health and fitness products (24%), ready to eat / home delivery meals (22%), movie/concert tickets (20%), phone application/software (19%) and cosmetics (17%)</p> <p>It has been another big year for Thailand’s e-commerce industry, with increased availability of high speed internet connections. The increase in online shopping was driven by key factors including, site offers secure payment facility (92%), convenient payment methods (89%), price/value of the items (86%), good exchange or return policy (85%), speed of transaction (85%) and website being user-friendly (84%).</p> <p>Among APMEA markets, Korea scored the highest accessing rate for online shopping (85%) followed by China (84%), Japan (75%, India (67%) and Thailand (67%). For mobile shopping during the past three months, consumers in Thailand are most likely to shop via mobile Internet (34%) followed by Indonesia (29%), India (28%), China (23%) and South Korea (19%).</p> <p>Amongst the total respondents, 500 consumers surveyed were Thais between the ages of 18 and 64 years with personal bank accounts and who accessed the internet at least once a week.</p> <p>Other highlights for Thailand:</p> <ul> <li>67% of the Thai respondents tend to browse online but would only purchase online occasionally, 22% tend to browse and then purchase online, 8% tend to browse online but would only make the purchase through offline channels and 3% tend to browse and purchase through offline channels only.</li> <li>Top factors that trigger impulse online shopping included low price/substantial discount on pries compared to offline channels (67%), advertisements and promotions (56%), unique products only available online (52%), items available online faster than in any of the stores in their cities (38%) and just felt like buying in general when browsing online (29%)</li> <li>Top five items that trigger impulse shopping are CDs/DVDs/VCDs (40%), Airline tickets (39%), personal care and beauty (36%), hotel accommodation (35%) and cosmetics (33%)</li> <li>Top five most visited category websites include music download e.g. iTunes (51%), cinemas (50%), retailers for clothing and accessories (45%), books/CDs/DVDs (44%) and restaurants/home delivery of meals (38%) &nbsp;</li> </ul> <p></p> <p></p> <p></p> <p><a name="1"></a>[1] <i>The markets surveyed include Australia, China, Hong Kong, India, Indonesia, Japan, Malaysia, New Zealand, Philippines Singapore, South Africa, South Korea, Taiwan, Thailand, and the UAE.</i></p> <p><b>NOTE TO EDITORS: </b><i>More information and previously released MasterCard survey results can be found at <a href="http://www.masterintelligence.com/"><b>www.masterintelligence.com</b></a></i></p> <p></p> <p></p> <p></p> Accessing the Internet for Online Shopping<table border="1" cellspacing="0" cellpadding="0"> <tbody><tr><th class="table-description"><b>Market</b></th> <th class="table-description"><b>2010 </b></th> <th class="table-description"><b>2009</b></th> <th class="table-description"><b>2008</b></th> </tr><tr><td>South Korea</td> <td>85%</td> <td>87%</td> <td>80%</td> </tr><tr><td>China</td> <td>84%</td> <td>80%</td> <td>82%</td> </tr><tr><td>Japan</td> <td>75%</td> <td>74%</td> <td>84%</td> </tr><tr><td>India</td> <td>67%</td> <td>72%</td> <td>54%</td> </tr><tr><td>Thailand</td> <td>67%</td> <td>63%</td> <td>43%</td> </tr><tr><td>Taiwan</td> <td>66%</td> <td>66%</td> <td>-</td> </tr><tr><td>Singapore</td> <td>64%</td> <td>56%</td> <td>54%</td> </tr><tr><td>New Zealand</td> <td>59%</td> <td>63%</td> <td>-</td> </tr><tr><td>Australia</td> <td>58%</td> <td>63%</td> <td>66%</td> </tr><tr><td>Malaysia</td> <td>55%</td> <td>33%</td> <td>-</td> </tr><tr><td>South Africa</td> <td>51%</td> <td>42%</td> <td>50%</td> </tr><tr><td>Hong Kong</td> <td>49%</td> <td>47%</td> <td>45%</td> </tr><tr><td>Indonesia</td> <td>44%</td> <td>-</td> <td>-</td> </tr><tr><td>U.A.E.</td> <td>42%</td> <td>29%</td> <td>34%</td> </tr><tr><td>Philippines</td> <td>27%</td> <td>30%</td> <td>-</td> </tr><tr><td>Total</td> <td>61%</td> <td>60%</td> <td>59%</td> </tr></tbody></table> State of Mobile Shopping<table border="1" cellspacing="0" cellpadding="0"> <tbody><tr><th class="table-description"><b>Market</b></th> <th class="table-description"><b>Last 3 months</b></th> <th class="table-description"><b>Next 6 months</b></th> </tr><tr><td>Thailand</td> <td>34%</td> <td>30%</td> </tr><tr><td>Indonesia</td> <td>29%</td> <td>16%</td> </tr><tr><td>India</td> <td>28%</td> <td>32%</td> </tr><tr><td>China</td> <td>23%</td> <td>33%</td> </tr><tr><td>South Korea</td> <td>19%</td> <td>25%</td> </tr><tr><td>Taiwan</td> <td>16%</td> <td>19%</td> </tr><tr><td>Hong Kong</td> <td>15%</td> <td>16%</td> </tr><tr><td>Malaysia</td> <td>15%</td> <td>22%</td> </tr><tr><td>U.A.E.</td> <td>12%</td> <td>25%</td> </tr><tr><td>Singapore</td> <td>12%</td> <td>20%</td> </tr><tr><td>Japan</td> <td>11%</td> <td>4%</td> </tr><tr><td>South Africa</td> <td>11%</td> <td>13%</td> </tr><tr><td>Philippines</td> <td>7%</td> <td>20%</td> </tr><tr><td>Australia</td> <td>6%</td> <td>4%</td> </tr><tr><td>New Zealand</td> <td>5%</td> <td>4%</td> </tr></tbody></table> MasterCard and its Suite of Research Properties<p>The MasterCard Worldwide Index suite in Asia/Pacific, Middle East and Africa includes the long-running MasterCard Worldwide Index of Consumer Confidence, as well as the&nbsp;MasterCard Worldwide Index of Women’s Advancement, Online Shopping,&nbsp;Index of Financial Literacy, and the&nbsp;<a href="http://newsroom.mastercard.com/digital-press-kits/mastercard-global-destination-cities-index-2013/" target="_blank"><b>Index of Global Destination Cities</b></a>. In addition to the Indices, MasterCard’s research properties also include a range of consumer surveys including Ethical Spending&nbsp;and a series on&nbsp;Consumer Purchasing Priorities&nbsp;(covering&nbsp;Travel,&nbsp;Dining &amp; Entertainment, Education,&nbsp;Money Management,&nbsp;Luxury&nbsp;and General Shopping).</p> <p>MasterCard also regularly releases Insights reports providing analysis of business dynamics, financial policies and regulatory activities in the Asia/Pacific, Middle East and Africa region. Over 80 Insights reports have been produced since 2004.</p> <p>MasterCard has also released a series of four books on Asian consumer insights, authored by&nbsp;<a href="http://newsroom.mastercard.com/people/dyuwa/" target="_blank"><b>Dr. Yuwa Hedrick-Wong</b></a>, Global Economic Advisor for MasterCard Worldwide and published by John Wiley &amp; Sons.</p> About MasterCard Worldwide <p><a href="http://www.mastercard.com/index.html" target="_blank"><b>MasterCard</b></a>&nbsp;(NYSE: MA),&nbsp;<a href="http://www.mastercard.com/" target="_blank"><b>www.mastercard.com</b></a>,<b>&nbsp;</b>is a technology company in the global payments industry. We operate&nbsp;the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard’s products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter <a href="https://twitter.com/#!/MasterCardNews" target="_blank"><b>@MasterCardNews</b></a><b>,&nbsp;</b>join the discussion on the&nbsp;<a href="http://newsroom.mastercard.com/blog/" target="_blank"><b>Cashless Conversations Blog</b></a>&nbsp;and&nbsp;<a href="http://newsroom.mastercard.com/subscribe/" target="_blank"><b>subscribe</b></a>&nbsp;for the latest <a href="http://newsroom.mastercard.com/" target="_blank"><b>news</b></a>.</p> MasterCard’s Online Shopping Survey is an annual survey which serves as a benchmark that measures consumers’ propensity to shop online.The survey was conducted from 3 September to 1 October 2010 and reached 8,500 consumers from 15 markets across APMEA.http://www1.mastercard.com/content/intelligence/en/research/press-release/2011/two-in-three-consumers-in-thailand-looking-to-shop-online2011-01-31T16:00:00.000Z2011-01-31T16:00:00.000ZMasterCard Survey: Nearly One in Two Hong Kong Respondents Access the Internet to Shop Norris Lo, Bonnie Lo Respondents Aged 18-24 the Keenest in Shopping Online<p><b><i>Hong Kong, 13 January 2011:</i></b> The Internet has taken on an indispensable role in the everyday life of many Hong Kong consumers as access becomes ever more pervasive and convenient. The latest survey on online shopping conducted by MasterCard shows that nearly one in two Hong Kong respondents access the Internet to shop.&nbsp; Moreover, about two-thirds of consumers said they expect to shop online in the next six months.</p> <p>The survey was conducted from 3 September to 1 October 2010 and reached 8,500 consumers from 15 markets<sup>[<a href="#1">1</a>]</sup> across APMEA. <i>The survey and its accompanying reports do not represent MasterCard financial performance.</i></p> <p><i></i>Nearly half (49%) of all respondents in Hong Kong indicated they used the internet for online shopping. Of those who have made online purchases in the past 3 months, the average number of items purchased was 4.3, compared to 3.9 items six months ago. The younger generation in Hong Kong is more likely to engage in online shopping as 73% of respondents aged 18-24 accessed the internet to purchase products. In Hong Kong, 35% of respondents chose “movie/concert tickets” as their favorite category for purchases. “Hotel accommodations” came in second at 32% and “airline tickets” was third at 31%. Over two-thirds (69%) of respondents in Hong indicated they were satisfied with online shopping, compared to 63% in 2009.</p> <p>The MasterCard survey also uncovered a growing trend among APMEA consumers using their mobile phones to access the Internet, represented by 19% of respondents in 2010 versus 8% in 2009. In Greater China, 15% of respondents in Hong Kong said they have made purchases using the mobile phones, compared to 23% in China and 16% in Taiwan.</p> <p>Jeroen van Son, Head of Hong Kong and Macau, MasterCard Worldwide, said, “The findings of the latest online shopping survey by MasterCard revealed nearly one in two respondents in Hong Kong are shopping online. Further, 72% of respondents said that they consider whether a site offers secure payment facility to be extremely or somewhat important, the highest percentage among a list of ten factors. Catering to the needs’ of the growing numbers of online shoppers, MasterCard offers secured, convenient and varied payment methods for our cardholders. Combining the ease of use with convenience, we will continue to innovate and foster a dynamic e-commerce environment for MasterCard cardholders.”</p> <p><a name="1"></a>[1] <i>The markets surveyed include Australia, China, Hong Kong, India, Indonesia, Japan, Malaysia, New Zealand, Philippines Singapore, South Africa, South Korea, Taiwan, Thailand, and the UAE.</i></p> <p></p> Index on Online Shopping<p>This year MasterCard has released the first Index on Online Shopping. The Index serves as a benchmark (including scores from 2009 and 2008) that measures consumers’ propensity to shop online, and based on the following factors and questions:</p> <ul> <li>For what purposes do you usually use the Internet?&nbsp;&nbsp;&nbsp;</li> <li>How likely is it that you will make an online purchase in the next 6 months?</li> <li>Proportion of those who did not state ‘prefer to shop in-store, to look at the physical product’ as a reason for not purchasing anything online in the past 3 months.</li> <li>To what extent do you agree or disagree with each of the following statements:</li> </ul> <p>(1) It is convenient to shop online</p> <p>(2) I do not feel secure shopping online&nbsp;</p> <p>The scores are compiled based on the factors or questions listed above, offering a regional Index ranking of markets with consumers who are most likely to shop online.&nbsp;</p> <table width="536" cellspacing="0" cellpadding="0" border="1"> <tbody><tr><th class="table-description"><i>&nbsp; <b>Market</b></i><b></b></th> <th class="table-description"><b><i>2010</i></b><b></b></th> <th class="table-description"><b><i>2009</i></b><b></b></th> <th class="table-description"><b><i>2008</i></b><b></b></th> </tr><tr><td>South Korea</td> <td>63</td> <td>65</td> <td>65</td> </tr><tr><td>Japan</td> <td>57</td> <td>62</td> <td>70</td> </tr><tr><td>New Zealand</td> <td>54</td> <td>55</td> <td>-</td> </tr><tr><td>Australia</td> <td>52</td> <td>51</td> <td>51</td> </tr><tr><td>Taiwan</td> <td>51</td> <td>52</td> <td>-</td> </tr><tr><td>UAE</td> <td>47</td> <td>44</td> <td>43</td> </tr><tr><td>Malaysia</td> <td>44</td> <td>33</td> <td>-</td> </tr><tr><td>Singapore</td> <td>40</td> <td>40</td> <td>36</td> </tr><tr><td>China</td> <td>38</td> <td>30</td> <td>25</td> </tr><tr><td>Thailand</td> <td>34</td> <td>33</td> <td>25</td> </tr><tr><td>India</td> <td>32</td> <td>31</td> <td>21</td> </tr><tr><td>Hong Kong</td> <td>29</td> <td>30</td> <td>25</td> </tr><tr><td>Indonesia</td> <td>17</td> <td>-</td> <td>-</td> </tr><tr><td>Philippines</td> <td>12</td> <td>12</td> <td>-</td> </tr><tr><td>South Africa</td> <td>8</td> <td>8</td> <td>8</td> </tr><tr><td>GLOBAL INDEX</td> <td>36</td> <td>33</td> <td>28</td> </tr></tbody></table> Online Shopping Survey Findings <p>The most active consumers are from South Korea (85%), China (84%) and Japan (75%), according to respondents who are most likely to access the Internet for shopping. Shoppers in these markets also purchased the most items online within recent months (approximately from June to September 2010) with Chinese consumers averaging 5.6 items, up from 5.1 items in 2009. Number of purchases by consumers in South Korea &amp; Japan remained steady from 2009 with 5.9 items and 5.1 items respectively.</p> <p><b><i>NOTE TO EDITORS: </i></b><i>More information and previously released MasterCard survey results can be found at </i><i><u><b><a href="http://www.masterintelligence.com/">www.masterintelligence.com</a>.</b></u></i></p> <p></p> MasterCard and its Suite of Research Properties<p>The MasterCard Worldwide Index suite in Asia/Pacific, Middle East and Africa includes the long-running MasterCard Worldwide Index of Consumer Confidence, as well as the&nbsp;MasterCard Worldwide Index of Women’s Advancement, Online Shopping,&nbsp;Index of Financial Literacy, and the&nbsp;<a href="http://newsroom.mastercard.com/digital-press-kits/mastercard-global-destination-cities-index-2013/" target="_blank"><b>Index of Global Destination Cities</b></a>. In addition to the Indices, MasterCard’s research properties also include a range of consumer surveys including Ethical Spending&nbsp;and a series on&nbsp;Consumer Purchasing Priorities&nbsp;(covering&nbsp;Travel,&nbsp;Dining &amp; Entertainment, Education,&nbsp;Money Management,&nbsp;Luxury&nbsp;and General Shopping).</p> <p>MasterCard also regularly releases Insights reports providing analysis of business dynamics, financial policies and regulatory activities in the Asia/Pacific, Middle East and Africa region. Over 80 Insights reports have been produced since 2004.</p> <p>MasterCard has also released a series of four books on Asian consumer insights, authored by&nbsp;<a href="http://newsroom.mastercard.com/people/dyuwa/" target="_blank"><b>Dr. Yuwa Hedrick-Wong</b></a>, Global Economic Advisor for MasterCard Worldwide and published by John Wiley &amp; Sons.</p> About MasterCard Worldwide <p><a href="http://www.mastercard.com/index.html" target="_blank"><b>MasterCard</b></a>&nbsp;(NYSE: MA),&nbsp;<a href="http://www.mastercard.com/" target="_blank"><b>www.mastercard.com</b></a>,<b>&nbsp;</b>is a technology company in the global payments industry. We operate&nbsp;the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard’s products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter <a href="https://twitter.com/#!/MasterCardNews" target="_blank"><b>@MasterCardNews</b></a><b>,&nbsp;</b>join the discussion on the&nbsp;<a href="http://newsroom.mastercard.com/blog/" target="_blank"><b>Cashless Conversations Blog</b></a>&nbsp;and&nbsp;<a href="http://newsroom.mastercard.com/subscribe/" target="_blank"><b>subscribe</b></a>&nbsp;for the latest <a href="http://newsroom.mastercard.com/" target="_blank"><b>news</b></a>.</p> MasterCard’s Online Shopping Survey is an annual survey which serves as a benchmark that measures consumers’ propensity to shop online.The survey was conducted from 3 September to 1 October 2010 and reached 8,500 consumers from 15 markets across APMEA.http://www1.mastercard.com/content/intelligence/en/research/press-release/2011/mastercard-survery-nearly-one-in-two-hong-kong-respondents-access-the-internee-to-shop2011-01-12T16:00:00.000Z2011-01-12T16:00:00.000ZSouth Africans Highly Satisfied with Online Shopping Experience: MasterCard Survey Birgit Deibele, Nicky James South Africans Find Online Shopping Convenient and User-Friendly<p><b><i>Johannesburg,&nbsp; 27 January 2011 </i></b>– According to the latest survey on online shopping habits from MasterCard Worldwide, 51% of South Africans who have access to the Internet are shopping online and 75% of those have done so in the past three months.</p> <p>While the number of South Africans accessing the Internet to shop online is up 9% from the previous survey, the number of those who made purchases in the last three months has decreased by a marginal 2% from 77% a year ago.</p> <p>The survey was conducted from 3 September to 1 October 2010 and reached 8,500 consumers from 15 markets<sup>[<a href="#1">1</a>]</sup> across APMEA.<i> The survey and its accompanying reports do not represent MasterCard financial performance.</i></p> <p><i></i>In early 2010, South African research company World Wide Work reported that the number of South Africans with access to the Internet grew by 15% between 2009 and the beginning of 2010 from 4.6m user to 5.3m users with similar growth predicted for the remainder of 2010..</p> <p>According to the latest survey by MasterCard, a majority (89% )of South African online shoppers are satisfied with their overall online shopping experience and 73% of active online shoppers intend to make an online purchase in the next six months. Both these figures have shown improvements over the previous year, where satisfaction was 83%, with the likelihood of continued online shopping at 72%.</p> <p>South Africans who shop online also feel that making purchases on the Internet is more convenient, user-friendly and easier than walking into a store or ordering from a catalogue or via a call centre.</p> <p>“Those who shop online are largely satisfied with their experiences with just over half of South Africa’s Internet-connected population logging on to shop online. This presents a great opportunity for MasterCard to leverage on this Internet revolution to bring more people into the online shopping fray,” says Dougie Henderson, VP Product Delivery, MasterCard Worldwide in the Middle East &amp; Africa</p> <p>The survey revealed that more people are making use of broadband access technologies. ADSL usage has increased from 55% to 60% while 3G/HSDPA usage increased from 49% to 63%.</p> <p>Conversely, the number of users who said that they utilise dial-up dropped substantially from 16% in 2009 to just 6% in 2010.</p> <p>Interestingly, respondents who said they use their mobile phones to access the Internet has shown significant growth, climbing from 13% in 2009 to 39% in 2010 – which is the highest score for mobile phone Internet usage across the APMEA region. Singapore follows at 33%, India (25%), Malaysia (20%), Thailand (20%), and UAE (20%)</p> <p>This corresponds with extensive changes and upgrades that have been apparent in the South African mobile broadband market throughout much of 2009 and 2010, including increased price competition between the cellular operators, vastly upgraded networks and the growth in smart phones as a handset category.</p> <p>This is according to a research study released by World Wide Worx, which revealed that three quarters of South African companies have deployed smart phones within their organisations, compared to almost none two years ago.</p> <p>That said, MasterCard survey found that just 11% of online shoppers actually made purchases using their mobile phones and only 13% intend on doing so in the next six months.</p> <p>When asked for what purposes respondents accessed the Internet, sending or receiving e-mail (95%) topped the list, followed by browsing for materials for study purposes (74%), checking their bank balance (73%), browsing for leisure (73%) and reading the news (70%). Online shopping was cited by 51% of users.</p> <p>According to the latest MasterCard survey, South African online shoppers prefer to plan and research their online purchases in advance, and fewer people are making impulse purchases online.&nbsp; The number of online impulse shoppers dropped substantially from 22% to just 8%.</p> <p>The majority of those shopping online (84%) conduct research about their purchases on the Internet before buying, 69% use the merchant or company’s website for their research and 57% speak to family or friends beforehand.</p> <p>CDs and DVDs are still what South Africa’s online shoppers seek out most on the Web with 50% citing so. Closely following CDs and DVDs is the purchase of books and art by 45% of respondents. Airline tickets saw a 1% decline to 43% of online purchases, while movie/concert tickets shot past home appliances and electronics to tie third place with 43%. Home appliances and electronics dropped a substantial 14% to just 29% of online purchases from last year’s level of 43%.</p> <p>When it comes to payment for online purchases, credit cards are the most widely-preferred payment method online with just under half of the respondents (48%) using this payment method.&nbsp; Paying using a debit card (29%) is the second most preferred payment method.</p> <p>Increasing from 2% to 11%, PayPal leapfrogged electronic transfers for the third most popular online payment method, corresponding with the service’s launch in South Africa in 2010.&nbsp; Electronic transfers declined from 10% to just 4% in 2010.</p> <p>According to 55% of the respondents not shopping online, the number one reason was that they prefer to shop in-store in order to look at the physical product.</p> <p>Encouragingly, fears about online safety and security have decreased substantially, dropping to second position from 63% in 2009 to 51% in 2010, while 44% of respondents reported not having a credit card as their reason for not shopping online.</p> <p>Interestingly, there was a significant jump from 24% to 41% in the number of respondents who cited “additional administration and delivery charges” as their reasons for not shopping online, while there was also an increase in people who said that they did not find anything online that interested them.</p> <p>South Africans who do shop online are quick to offer advice on how online stores can improve their current offerings, and potentially attract new customers.</p> <p>At the top of their list of recommendations were:</p> <p>1. Continue to enhance payment security and improve users’ confidence in online transactions,</p> <p>2. Don’t charge additional service charges on purchases and</p> <p>3. Make websites easier to use.</p> <p>“Online shopping has come a long way in South Africa. Access to the Internet is becoming easier and more cost effective, the overall online shopping experience is viewed positively and people are gaining trust in online security.</p> <p>“However, online retailers also need to be cognisant of the concerns of and feedback from their customers and continue to improve their offerings to further enhance the overall online shopping experience in order to attract new customers and retain existing ones.,” Henderson concludes.</p> <p><a name="1"></a>[1] <i>The markets surveyed include Australia, China, Hong Kong, India, Indonesia, Japan, Malaysia, New Zealand, Philippines Singapore, South Africa, South Korea, Taiwan, Thailand, and the UAE.</i></p> <p></p> Additional highlights from the online shopping survey include:<ul> <li>Substantial Market Growth (Emerging): According to the 2009 survey findings, consumers in the U.A.E. and Malaysia were the least likely to shop online. This year’s results reported a substantial increase among consumers accessing the Internet to shop online in both markets:<ul> <li>Malaysia is up to 55% in 2010, from 33% in 2009</li> <li>U.A.E. is up to 42% in 2010, from 29% in 2009</li> </ul> </li> <li>Stabilising Market Growth (Emerging): Markets like India and Thailand, which reported major spikes in online shopping from 2008 to 2009, are still registering relatively high numbers. However, there are signs of a slight decline or slowing growth among consumers in India and Thailand who access the Internet to shop online.<ul> <li>India has dipped slightly to 67% in 2010 from 72% in 2009</li> <li>Thailand has grown incrementally to 67% in 2010 from 63% in 2009</li> </ul> </li> <li>Slowing Market Growth (Mature): Mature markets like Australia and South Korea have reported a decline while Japan is reporting minimal growth according to consumers who access the Internet to shop:<ul> <li>Australia is at 58% in 2010 from 63% in 2009</li> <li>South Korea has dropped to 85% in 2010 from 87% in 2009</li> <li>Japan is now reporting 75% from 74% in 2009</li> </ul> </li> </ul> <p></p> MasterCard and its Suite of Research Properties <p>The MasterCard Worldwide Index suite in Asia/Pacific, Middle East and Africa includes the long-running MasterCard Worldwide Index of Consumer Confidence, as well as the&nbsp;MasterCard Worldwide Index of Women’s Advancement, Online Shopping,&nbsp;Index of Financial Literacy, and the&nbsp;<a href="http://newsroom.mastercard.com/digital-press-kits/mastercard-global-destination-cities-index-2013/" target="_blank"><b>Index of Global Destination Cities</b></a>. In addition to the Indices, MasterCard’s research properties also include a range of consumer surveys including Ethical Spending&nbsp;and a series on&nbsp;Consumer Purchasing Priorities&nbsp;(covering&nbsp;Travel,&nbsp;Dining &amp; Entertainment, Education,&nbsp;Money Management,&nbsp;Luxury&nbsp;and General Shopping).</p> <p>MasterCard also regularly releases Insights reports providing analysis of business dynamics, financial policies and regulatory activities in the Asia/Pacific, Middle East and Africa region. Over 80 Insights reports have been produced since 2004.</p> <p>MasterCard has also released a series of four books on Asian consumer insights, authored by&nbsp;<a href="http://newsroom.mastercard.com/people/dyuwa/" target="_blank"><b>Dr. Yuwa Hedrick-Wong</b></a>, Global Economic Advisor for MasterCard Worldwide and published by John Wiley &amp; Sons.</p> About MasterCard Worldwide <p><a href="http://www.mastercard.com/index.html" target="_blank"><b>MasterCard</b></a>&nbsp;(NYSE: MA),&nbsp;<a href="http://www.mastercard.com/" target="_blank"><b>www.mastercard.com</b></a>,<b>&nbsp;</b>is a technology company in the global payments industry. We operate&nbsp;the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard’s products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter <a href="https://twitter.com/#!/MasterCardNews" target="_blank"><b>@MasterCardNews</b></a><b>,&nbsp;</b>join the discussion on the&nbsp;<a href="http://newsroom.mastercard.com/blog/" target="_blank"><b>Cashless Conversations Blog</b></a>&nbsp;and&nbsp;<a href="http://newsroom.mastercard.com/subscribe/" target="_blank"><b>subscribe</b></a>&nbsp;for the latest <a href="http://newsroom.mastercard.com/" target="_blank"><b>news</b></a>.</p> MasterCard’s Online Shopping Survey is an annual survey which serves as a benchmark that measures consumers’ propensity to shop online. The survey was conducted from 3 September to 1 October 2010 and reached 8,500 consumers from 15 markets across APMEA.http://www1.mastercard.com/content/intelligence/en/research/press-release/2011/south-africans-highly-satisfied-with-online-shopping-experience2011-01-26T16:00:00.000Z2011-01-26T16:00:00.000ZMasterCard Survey Reveals Korean Consumers Are Most Active Online Shoppers IW Cho,MH KimKorea Tops Rankings for 2010 MasterCard Index on Online Shopping<p><b><i>Seoul, 25 January </i></b><b><i>201</i></b><b><i>1 </i></b><b>–<i> </i></b>A recent MasterCard survey on online shopping revealed that Korea has the most active consumers, according to 85%, respondents who are most likely to access the Internet for shopping. China (84%) and Japan (75%) followed with the second and third most active online shoppers, respectively.</p> <p>Consumers in these markets also purchased the most items online within recent months (approximately from June to September 2010) with Chinese consumers averaging 5.6 items, up from 5.1 items in 2009. Number of purchases by consumers in Korea &amp; Japan remained steady from 2009 with 5.9 items and 5.1 items respectively.&nbsp;</p> <p></p> Index on Online Shopping<p>This year MasterCard has released its first Index on Online Shopping. The scores are compiled based on the factors or questions listed below, offering a regional Index ranking of markets with consumers who are most likely to shop online. According to the scores from the 2010 MasterCard Index on Online Shopping, Korea tops the Index rankings with a score of 63 in 2010. Japan is ranked second this year with a score of 57, followed by New Zealand (54), Australia (52) and Taiwan (51). Emerging markets have also gained ground with the U.A.E. coming in at 6th with a score of 47 then Malaysia (44), Singapore (40) and China (38). Thailand is closely on par with India with scores of 34 and 32, respectively, ahead of Hong Kong (29). Indonesia rounds the bottom three markets on the Index with a score of 17, Philippines (12) and South Africa (8).</p> <p>The Index serves as a benchmark that measures consumers’ propensity to shop online, and based on the following factors and questions:</p> <ul> <li>For what purposes do you usually use the Internet?&nbsp;</li> <li>How likely is it that you will make an online purchase in the next 6 months?</li> <li>Proportion of those who did not state: ‘prefer to shop in-store, to look at the physical product’ as a reason for not purchasing anything online in the past 3 months.</li> <li>To what extent do you agree or disagree with each of the following statements:</li> </ul> <p>(1) It is convenient to shop online</p> <p>(2) I do not feel secure shopping online&nbsp;&nbsp;</p> <p></p> Online Shopping Survey Findings<p>The MasterCard survey also revealed that online shopping is gaining popularity in emerging markets across Asia/Pacific, Middle East and Africa (AMPEA), according to the results of the MasterCard survey on online shopping. Results of the fourth survey on online shopping conducted by MasterCard revealed a narrowing gap between emerging and mature markets in APMEA with consumers turning to online shopping sites for event tickets, online gaming, downloading music, purchasing books, and for travel (airline websites).</p> <p>The survey was conducted from 3 September to 1 October 2010 and reached 8,500 consumers from 15 markets[1] across APMEA. The survey and its accompanying reports do not represent MasterCard financial performance.</p> <p>The MasterCard survey also uncovered a growing trend among APMEA consumers using their mobile phones to access the Internet, represented by 19% of respondents in 2010 versus 8% in 2009. Leading the trend of mobile Internet access in APMEA are 39% of consumers in South Africa, 33% in Singapore, 25% in India, 25% in Indonesia, 20% in Malaysia, 20% in Thailand and 20% in the United Arab Emirates (U.A.E.).</p> <p>&nbsp;Online shopping is growing in emerging markets like Malaysia (55% in 2010 from 33% in 2009), which is now comparable to Australia (58% in 2010 from 63% in 2009), according to respondents who access the Internet to shop. The report also indicated an increase in the U.A.E. (42% in 2010 from 29% in 2009) among the percentage of respondents accessing the Internet for shopping.</p> <p>“We’re seeing more consumers in Korea go online for lifestyle purchases as well as day-to-day household items. This shift in consumer behavior shows that today’s shoppers are diversifying not only what they buy, but how and where,&quot; said Dongchun Choi, division president, Korea, MasterCard Worldwide, and added, &quot;It’s clear more people are&nbsp;proactively seeking better and more personal ways to shop online.”</p> <p><b><i>NOTE TO EDITORS: </i></b><i>More information and previously released MasterCard survey results can be found at </i><i><u><b><a href="http://www.masterintelligence.com/">www.masterintelligence.com</a>.</b></u></i><b><i></i></b></p> <p></p> MasterCard and its Suite of Research Properties<p>MasterCard puts out a series of ongoing consumer surveys and research Indices in the Asia/Pacific, Middle East and Africa. These include the MasterCard Survey on Consumer Purchasing Priorities, the MasterCard Worldwide Index of Consumer Purchasing Resilience, the MasterCard Worldwide Index of Consumer Confidence and MasterCard Worldwide Index of Women’s Advancement.</p> <p>Besides these, MasterCard also regularly releases its Insights reports; the series is part of its ongoing research and analysis of business dynamics, financial policies and regulatory activities in the Asia/Pacific, Middle East and Africa region. Over 70 Insights reports have been produced since 2004. MasterCard has also released a series of four books on Asian consumer insights, authored by its Asia/Pacific economist, Dr. Yuwa Hedrick-Wong and published by John Wiley &amp; Sons.</p> <p>The MasterCard Indexes and Insights reports are available at <a href="http://www.masterintelligence.com/"><b>www.masterintelligence.com</b></a></p> <p></p> About MasterCard Worldwide <p><a href="http://www.mastercard.com/index.html" target="_blank"><b>MasterCard</b></a>&nbsp;(NYSE: MA),&nbsp;<a href="http://www.mastercard.com/" target="_blank"><b>www.mastercard.com</b></a>,<b>&nbsp;</b>is a technology company in the global payments industry. We operate&nbsp;the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard’s products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter <a href="https://twitter.com/#!/MasterCardNews" target="_blank"><b>@MasterCardNews</b></a><b>,&nbsp;</b>join the discussion on the&nbsp;<a href="http://newsroom.mastercard.com/blog/" target="_blank"><b>Cashless Conversations Blog</b></a>&nbsp;and&nbsp;<a href="http://newsroom.mastercard.com/subscribe/" target="_blank"><b>subscribe</b></a>&nbsp;for the latest <a href="http://newsroom.mastercard.com/" target="_blank"><b>news</b></a>.</p> MasterCard’s Online Shopping Survey is an annual survey which serves as a benchmark that measures consumers’ propensity to shop online.The survey was conducted from 3 September to 1 October 2010 and reached 8,500 consumers from 15 markets across APMEA.http://www1.mastercard.com/content/intelligence/en/research/press-release/2011/mastercard-survery-reveals-korean-consumers-are-most-active-online-shoppers2011-01-24T16:00:00.000Z2011-01-24T16:00:00.000ZNearly 2 in 3 Singaporeans Shop Online: MasterCard Survey Zheng Fang Ting, Linda LeeOpportunities for Growth in Mobile Shopping in Singapore<p><b><i>Singapore, 10 Jan 2011: </i></b>Online shopping has gained popularity in Singapore, as nearly two-thirds (64%) of respondents in a MasterCard survey said they now access the internet for online shopping. This represents a ten percent increase in just two years, with 56% and 54% of the respondents shopping online in 2009 and 2008 respectively.</p> <p>This is the fourth MasterCard survey on online shopping habits and was conducted from 3 September to 1 October 2010. The survey covered 8,500 respondents across 15 markets: Australia, China, Hong Kong, India, Indonesia, Japan, Malaysia, New Zealand, Philippines, Singapore, South Africa, South Korea, Taiwan, Thailand, and the UAE.&nbsp; The inaugural survey was conducted in December 2007. <i>The survey does not represent MasterCard financial performance.</i></p> <p><i></i>Singaporean women continue to out-shop their male counterparts with 68% of female respondents surveyed shopping online, compared to only 60% of males. Female online shoppers also tend to be more active as they purchased an average of 5 items online in the last three months, whereas male shoppers purchased an average of 4.2 items each in the same period.</p> <p>Overall satisfaction with online shopping remains high as 83% of respondents in Singapore who made a purchase in the last three months were satisfied with their experience. This is a small drop from previous years’ scores though as satisfaction levels were at 86% in 2009 and 84% in 2008. Three-quarters of those surveyed in this category also stated that they are likely to make another purchase in the next six months.</p> <p>At the other end of the spectrum, consumers in Singapore who did not make any purchases online in the last three months cited a preference to shop in-store (59%) with physical products as the primary reason for not shopping online.</p> <p>The availability of convenient payment methods (92%), secure payment facilities (91%) and price and value (91%) of the items being purchased are the top three most important factors influencing Singaporean respondents’ online shopping experience.</p> <p>For the first time, respondents were also surveyed on their online shopping habits through mobile phones. Only 12% of respondents in Singapore made purchases on their mobile phones in the last three months. Of the rest, 80% also indicated that they were unlikely to do so in the next six months.</p> <p>“The steady increase in the popularity of online shopping is backed by high levels of broadband and mobile connectivity in Singapore as consumers proactively seek more personal and convenient ways to shop,&quot; said Julienne Loh, vice president and country manager, Singapore, MasterCard Worldwide. “As the use of smart phones proliferates in Singapore, there will be more opportunities in the mobile space for retailers who can offer customers a fast, convenient and safe way to make purchases through smart phones.” </p> <p>The most common items purchased online remained the same as previous years and they include airline tickets (52%), hotel accommodations (43%), movie or concert tickets (41%), ladies’ clothing and accessories (36%) and books &amp; art (25%).</p> <p>Singaporeans tend to plan their online purchases in advance with nearly 80% of respondents doing research before making a purchase. Research methods included browsing the internet in general as well as specific merchants’ websites.</p> <p>The most common items that trigger impulse shopping online though are ladies’ clothing or accessories and airline tickets. Medical or pharmaceutical and insurance products were the least likely to sway customers to buy impulsively.&nbsp;</p> <p></p> Index on Online Shopping<p>This year MasterCard has released the first Index on Online Shopping. The Index serves as a benchmark (including scores from 2009 and 2008) that measures consumers’ propensity to shop online, and based on the following factors and questions:</p> <ul> <li>For what purposes do you usually use the Internet?&nbsp;&nbsp;&nbsp;</li> <li>How likely is it that you will make an online purchase in the next 6 months?</li> <li>Proportion of those who did not state ‘prefer to shop in-store, to look at the physical product’ as a reason for not purchasing anything online in the past 3 months.</li> <li>To what extent do you agree or disagree with each of the following statements:</li> </ul> <p>(1) It is convenient to shop online</p> <p>(2) I do not feel secure shopping online&nbsp;</p> <p>The scores are compiled based on the factors or questions listed above, offering a regional Index ranking of markets with consumers who are most likely to shop online. According to the scores from the 2010 MasterCard Index on Online Shopping, South Korea tops the Index rankings with a score of 63 in 2010 (compared to 65 in 2009 where South Korea also ranked number one on the Index). Japan is ranked second this year with a score of 57, followed by New Zealand (54), Australia (52) and Taiwan (51). Emerging markets have also gained ground with the U.A.E. coming in at 6<sup>th</sup> with a score of 47 then Malaysia (44), Singapore (40) and China (38). Thailand is closely on par with India with scores of 34 and 32, respectively, ahead of Hong Kong (29). Indonesia rounds the bottom three markets on the Index with a score of 17, Philippines (12) and South Africa (8).</p> <p><b><i>NOTE TO EDITORS: </i></b><i>More information and previously released MasterCard survey results can be found at </i><i><u><b><a href="http://www.masterintelligence.com/">www.masterintelligence.com</a>.</b></u></i></p> <p>&nbsp;</p> <p></p> MasterCard and its Suite of Research Properties<p>MasterCard puts out a series of ongoing consumer surveys and research Indices in the Asia/Pacific, Middle East and Africa. These include the MasterCard Survey on Consumer Purchasing Priorities, the MasterCard Worldwide Index of Consumer Purchasing Resilience, the MasterCard Worldwide Index of Consumer Confidence and MasterCard Worldwide Index of Women’s Advancement.</p> <p>Besides these, MasterCard also regularly releases its Insights reports; the series is part of its ongoing research and analysis of business dynamics, financial policies and regulatory activities in the Asia/Pacific, Middle East and Africa region. Over 70 Insights reports have been produced since 2004. MasterCard has also released a series of four books on Asian consumer insights, authored by its Asia/Pacific economist, Dr. Yuwa Hedrick-Wong and published by John Wiley &amp; Sons.</p> <p>The MasterCard Indexes and Insights reports are available at <a href="http://www.masterintelligence.com/"><b>www.masterintelligence.com</b></a></p> <p></p> About MasterCard Worldwide <p><a href="http://www.mastercard.com/index.html" target="_blank"><b>MasterCard</b></a>&nbsp;(NYSE: MA),&nbsp;<a href="http://www.mastercard.com/" target="_blank"><b>www.mastercard.com</b></a>,<b>&nbsp;</b>is a technology company in the global payments industry. We operate&nbsp;the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard’s products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter <a href="https://twitter.com/#!/MasterCardNews" target="_blank"><b>@MasterCardNews</b></a><b>,&nbsp;</b>join the discussion on the&nbsp;<a href="http://newsroom.mastercard.com/blog/" target="_blank"><b>Cashless Conversations Blog</b></a>&nbsp;and&nbsp;<a href="http://newsroom.mastercard.com/subscribe/" target="_blank"><b>subscribe</b></a>&nbsp;for the latest <a href="http://newsroom.mastercard.com/" target="_blank"><b>news</b></a>.</p> MasterCard’s Online Shopping Survey is an annual survey which serves as a benchmark that measures consumers’ propensity to shop online.The survey was conducted from 3 September to 1 October 2010 and reached 8,500 consumers from 15 markets across APMEA.http://www1.mastercard.com/content/intelligence/en/research/press-release/2011/nearly-2-in-3-singaporeans-shop-online-mastercard-survery2011-01-09T16:00:00.000Z2011-01-09T16:00:00.000ZThe Arab Spring Effect – Consumer Confidence Soars in Parts of Middle East and North Africa May Ng, Nadia EjazSix Out of Eight MENA Markets Show Dramatic Increase in Optimism<p><b>13 September 2011: </b>Despite the ongoing recession and political instability which has rocked the Arab world, consumers in the Middle East and North Africa are more optimistic now about the future than ever before, according to the latest MasterCard Worldwide Index<sup>TM</sup> of Consumer Confidence.</p> <p>The survey, conducted between 15 March and 27 April this year with 17,620 consumers from 25 markets, recorded an 11.8 point rise in consumer confidence from the previous six month period, bringing the Middle East index to 83.4<sup>[<a href="#1">1</a>]</sup>, significantly higher than consumers in Africa (73.8) and Asia Pacific (61.5). This figure is the highest recorded since the first half of 2007 when the Middle East index recorded a score of 83.6.</p> <p>With a cheerful index of 99, first time participant Oman recorded the highest score amongst the 25 countries involved in the survey, followed by oil rich Saudi Arabia (98.6) and Qatar (95.7), the world’s largest exporter of liquefied natural gas in the world. Nigeria (93.8) proved to be the most optimistic nation in Africa, whilst economic powerhouse China (78.3) was the high scorer for Asia Pacific, followed closely by Singapore (77.9).</p> <p>Now in its 19<sup>th</sup> year overall and 8<sup>th</sup> year in the Middle East and Africa, the MasterCard Worldwide Index of Consumer Confidence is the region’s most comprehensive and longest running consumer confidence survey. The Index is based on a survey which measures consumer confidence on prevailing expectations in the market for the next six months based on five economic indicators: Economy, Employment, Stock Market, Regular Income and Quality of Life. The Index score is calculated with zero as the most pessimistic, 100 as most optimistic and 50 as neutral.</p> <p>This latest survey involved data collection via internet surveys, personal, telephone and Computer Aided Telephone interviews, with the questionnaire translated to the local language wherever appropriate and necessary. <i>The Index and its accompanying reports do not represent MasterCard financial performance.</i></p> <p></p> <p></p> <p></p> <p><i><a name="1"></a>[1] Middle East average does not include Morocco, which is counted as part of African region</i></p> <p></p> <p></p> <p></p> Political change breeds hope for a brighter future<p>Surprisingly, the wave of change which has swept through the Middle East and North Africa since January this year has resulted in a dramatic increase in economic optimism amongst residents of the Arab world. Middle Eastern markets<sup>[<a href="#2">1</a>]</sup> polled for the index showed a marked improvement in consumer sentiment with increases in the key indicators of quality of life (70.7 to 81.9), stock market (63.2 to 81.5), regular income (83.0 to 86.8), economy (69.7 to 83.0) and employment (71.4 to 83.5).</p> <p>Post-revolutionary Egypt showed the most dramatic change, moving from an overall index of 47.7 to 78.2. The study recorded significant increases in Egyptian’s expectations of quality of life (from 38.7 to 76.8), stock market performance (from 37.2 to 75.4), economic outlook (from 39.7 to 76.5) and employment prospects (from 38.9 to 76.5).</p> <p>Morocco, which was grouped as part of the African region, also boasted a spike in results across all key indicators, bringing the overall consumer confidence figure to 88.5, up from 65.3 in the second half of 2010.</p> <p></p> <p></p> <p></p> <p><i><a name="2"></a>[1] Egypt, Kuwait, Lebanon, KSA, Oman, UAE and Qatar</i></p> <p></p> <p></p> <p></p> Evidence of economic recovery<p>The second largest increase in optimism in the MENA region came from the UAE, one the markets hardest hit by the economic downturn. After a deep slump in consumer confidence in the first half of 2009 (29.6), the UAE experienced a resurgence in hope in the later part of 2009 which again declined in the second half of 2010 (73.6). This latest study shows once more a striking resurgence in consumer confidence, reaching 95.6, the highest on record since 2004.</p> <p>This phenomenon perhaps mirrors the positive economic effect of the rising price of oil and the increase in household disposable income brought about by the falling cost of rental.&nbsp;</p> <p>Kuwait, Qatar and KSA also experienced an increase in consumer optimism, albeit to a lesser extent. Qatar recorded a consumer confidence index of 95.7, another record high for an Arab nation.</p> <table cellspacing="0" cellpadding="0" border="1"> <tbody><tr><th class="table-description"><b>Market</b><b></b></th> <th class="table-description"><b>H1 2011</b></th> <th class="table-description"><b>H2 2010</b></th> <th class="table-description"><b>H12010</b></th> <th class="table-description"><b>H2 2009</b></th> <th class="table-description"><b>H1 2009</b></th> <th class="table-description"><b>H2 2008</b></th> </tr><tr><td>Egypt</td> <td>78.2</td> <td>47.7</td> <td>45.5</td> <td>59.5</td> <td>32.3</td> <td>55.6</td> </tr><tr><td>Kuwait</td> <td>90.8</td> <td>80.4</td> <td>96.9</td> <td>70.9</td> <td>49.5</td> <td>96.6</td> </tr><tr><td>Lebanon</td> <td>15.0</td> <td>54.3</td> <td>44.6</td> <td>55.4</td> <td>64.4</td> <td>69.1</td> </tr><tr><td>Oman</td> <td>99.0</td> <td>*</td> <td><br type="_moz"> </td> <td><br type="_moz"> </td> <td><br type="_moz"> </td> <td><br type="_moz"> </td> </tr><tr><td>Qatar</td> <td>95.7</td> <td>83.6</td> <td>65.8</td> <td>89.2</td> <td>71.4</td> <td>76.2</td> </tr><tr><td>Saudi Arabia</td> <td>98.6</td> <td>95.1</td> <td>85.0</td> <td>83.2</td> <td>67.1</td> <td>72.4</td> </tr><tr><td>UAE</td> <td>95.6</td> <td>73.6</td> <td>82.4</td> <td>86.1</td> <td>29.6</td> <td>75.4</td> </tr><tr><td>Morocco[1]</td> <td>88.5</td> <td>65.3</td> <td>78.2</td> <td>66.1</td> <td>N/A</td> <td>N/A</td> </tr><tr><td>Total Middle East</td> <td>83.4</td> <td>71.6</td> <td>69.2</td> <td>74.5</td> <td>49.9</td> <td>72.7</td> </tr></tbody></table> <p>*Survey series started in H1 2011</p> <p></p> <p></p> <p></p> <p><i>[1] Not included in Middle East region summary</i></p> <p></p> <p></p> About the MasterCard Worldwide Index™ of Consumer Confidence<p>The MasterCard Worldwide Index™ of Consumer Confidence survey has a 19-year track record of consumer confidence indices collected from over 200,000 interviews, unequalled both in scope and history across Asia/Pacific.</p> <p>The MasterCard Worldwide Index of Consumer Confidence is the most comprehensive and longest running survey of its kind in the region.&nbsp; In June 1997, the Index revealed a decline in consumer confidence – one month prior to the devaluation of the Thai baht that triggered the regional economic crisis. In June 2003, the Index score for Employment in Hong Kong dropped to a low of 20.0. This was subsequently reflected in Hong Kong’s unemployment rate, which peaked just before September 2003 at eight percent.</p> <p>The survey comprising the Asia/Pacific markets began in the first half of 1993 and has been conducted twice yearly since. Markets from the Middle East and Africa were included in the Index from 2004. Twenty five markets now participate in the survey: Australia, China, Egypt, Hong Kong, India, Indonesia, Japan, Kenya, Kuwait, Lebanon, Malaysia, Morocco, New Zealand, Nigeria, Oman, Philippines, Qatar, Saudi Arabia, South Korea, South Africa, Singapore, Taiwan, Thailand, United Arab Emirates and Vietnam. The last MasterCard Worldwide Index of Consumer Confidence survey was conducted from 15 March to 27 April 2011. A total of 17,620 qualified respondents were surveyed in the 25 markets with the sample being representative of the middle and upper income groups in each market.&nbsp; In each market except China and India, 400 or more people were surveyed.&nbsp; A minimum sample size of 800 was collected from China and India.</p> <p>The Index is calculated based with zero as the most pessimistic, 100 as most optimistic and 50 as neutral.&nbsp; Five economic factors are measured: Employment, the Economy, Regular Income, Stock Market and Quality of Life. The responses are consumers' thoughts on the six months ahead. Data collection was via internet surveys, personal, telephone and Computer Aided Telephone interviews, with the questionnaire translated to the local language wherever appropriate and necessary.&nbsp; The survey has a margin of sampling error of plus or minus four percentage points at the 90 percent confidence level, except China and India where because of the larger sample, the margin of sampling error is plus or minus three percentage points.</p> <p></p> MasterCard and its Suite of Research Properties<p>The MasterCard Worldwide Index suite in Asia/Pacific, Middle East and Africa includes the long-running MasterCard Worldwide Index of Consumer Confidence, as well as the&nbsp;MasterCard Worldwide Index of Women’s Advancement, Online Shopping,&nbsp;Index of Financial Literacy, and the&nbsp;<a href="http://newsroom.mastercard.com/digital-press-kits/mastercard-global-destination-cities-index-2013/" target="_blank"><b>Index of Global Destination Cities</b></a>. In addition to the Indices, MasterCard’s research properties also include a range of consumer surveys including Ethical Spending&nbsp;and a series on&nbsp;Consumer Purchasing Priorities&nbsp;(covering&nbsp;Travel,&nbsp;Dining &amp; Entertainment, Education,&nbsp;Money Management,&nbsp;Luxury&nbsp;and General Shopping).</p> <p>MasterCard also regularly releases Insights reports providing analysis of business dynamics, financial policies and regulatory activities in the Asia/Pacific, Middle East and Africa region. Over 80 Insights reports have been produced since 2004.</p> <p>MasterCard has also released a series of four books on Asian consumer insights, authored by&nbsp;<a href="http://newsroom.mastercard.com/people/dyuwa/" target="_blank"><b>Dr. Yuwa Hedrick-Wong</b></a>, Global Economic Advisor for MasterCard Worldwide and published by John Wiley &amp; Sons.</p> About MasterCard <p><a href="http://www.mastercard.com/index.html" target="_blank"><b>MasterCard</b></a>&nbsp;(NYSE: MA),&nbsp;<a href="http://www.mastercard.com/" target="_blank"><b>www.mastercard.com</b></a>,<b>&nbsp;</b>is a technology company in the global payments industry. We operate&nbsp;the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard’s products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter <a href="https://twitter.com/#!/MasterCardNews" target="_blank"><b>@MasterCardNews</b></a><b>,&nbsp;</b>join the discussion on the&nbsp;<a href="http://newsroom.mastercard.com/blog/" target="_blank"><b>Cashless Conversations Blog</b></a>&nbsp;and&nbsp;<a href="http://newsroom.mastercard.com/subscribe/" target="_blank"><b>subscribe</b></a>&nbsp;for the latest <a href="http://newsroom.mastercard.com/" target="_blank"><b>news</b></a>.</p> Launched in 1993, the MasterCard Index of Consumer Confidence has proven to be an excellent barometer of general consumer pulse in Asia/Pacific, Middle East and Africa. The twice annual survey analyzes prevailing consumer perceptions of economic conditions for the next six-months.http://www1.mastercard.com/content/intelligence/en/research/press-release/2011/the-arab-spring-effect-consumer-confidence-soars-in-parts-of-middle-east-and-north-africa2011-09-12T16:00:00.000Z2011-09-12T16:00:00.000ZMasterCard Survey Reveals Jump in Online Shopping in the UAE in 2010 Mobile Shopping in the UAE Shows Strong Potential to Grow <p><b><i>Dubai, UAE, 17 March 2011:</i></b> The percentage of respondents in the UAE accessing the Internet for shopping increased from 29% in 2009 to 42% in 2010 according to the results of a recent MasterCard survey on online shopping. Results of the fourth survey on online shopping conducted by MasterCard also revealed that growth in the UAE is led by consumers within the age group of 25-44 years, while those in the 35-44 years age group also purchased more items and more frequently than others. Involvement with online shopping also increased among women in the UAE, with 40% of respondents accessing the internet for online shopping in 2010, compared to 33% in 2011.&nbsp;</p> <p>The survey was conducted from 3 September to 1 October 2010 and reached 8,500 consumers from 15 markets<sup>[<a href="#1">1</a>]</sup> across APMEA.<i> The survey and its accompanying reports do not represent MasterCard financial performance.</i></p> <p>Categories leading the growth in the UAE in 2010 include airline tickets (74%) and hotel bookings (66%), followed by home appliances and electronic products (32%), clothing &amp; accessories (34%), restaurants/home delivery of food (32%) and supermarkets/superstores (32%). Notably, convenience shopping such as restaurants/ home delivery of food and supermarkets/superstores grew to a third from about a fifth during last year. In addition, the proportion of online spend rose quite sharply for cinema (48% in 2010 versus 26% in 2009) and music concert/performing arts tickets (61% in 2010 versus 47% in 2009) while it fell sharply for music downloads (55% in 2010 versus 74% in 2009) and online gaming (60% in 2010 versus 74% in 2009).</p> <p>In terms of attitudes towards online shopping, 64% of respondents in the UAE stated that when they shop online, they would prefer to have a hotline number for enquiry versus 55% in 2009. Additionally, 48% of the respondents stated that most goods are much cheaper online than they are offline, versus 37% in 2009. The perception of online shopping as fun also continues to increase (46% in 2010 versus 39% in 2009). However, 45% of UAE consumers still do not feel secure shopping online.</p> <p>Amongst the top factors impacting online shopping, respondents chose price/value of the items (84% in 2010 from 68% in 2009), secure payment facility offered by site (81% in 2010 from 72% in 2009), convenient payment methods (79% in 2010 from 70% in 2009), reputation of the website/merchant (78% in 2010 from 68% in 2009) and speed of transaction (77% in 2010 from 68% in 2009). In terms of barriers to online shopping a preference to shop in-store/to look at the physical product and security concerns continue to dominate. However, interestingly, the concern with security has declined (49% in 2010 from 67% in 2009) and it is no longer the biggest barrier.</p> <p>Not having additional service charges and enhancement of payment security continue to be suggested by two thirds of the UAE consumers as ways to improve online shopping in future.</p> <p>In terms of mobile shopping trends, the survey indicates strong potential for growth in the UAE. Only about 1 in 8 individuals made purchases through their mobile phones in the past three months; however, among those who did not purchase through their mobile phone recently, about one-fourth are likely to do so over the next six months. Airline tickets (31%), phone applications/software (24%) and products/services in online games/virtual world (18%) were the top three categories purchased by UAE consumers through their mobile phones.&nbsp;</p> <p>Eyad Al-Kourdi, vice president and country manager, UAE, MasterCard Worldwide said: “It is encouraging to see the positive trends in online and mobile shopping in the UAE. MasterCard is committed to contribute towards the development of the UAE as a leading global hub for retail and the latest MasterCard findings emphasize the market’s growing retail sophistication”.</p> <p>“We are seeing more UAE consumers go online for lifestyle purchases as well as day-to-day household items. This trend in consumer behavior shows that today’s tech savvy shoppers are diversifying not only what they buy, but how and where. A desire for convenience and value for money continue to be important to UAE consumers as they proactively seek better and more personal ways to shop online.”</p> <p>According to the MasterCard survey, online shopping is also gaining popularity in emerging markets across Asia/Pacific, Middle East and Africa (AMPEA). The survey revealed a narrowing gap between emerging and mature markets in APMEA with consumers turning to online shopping sites for event tickets, online gaming, downloading music, purchasing books, and for travel (airline websites). For instance, the percentage of respondents accessing the Internet for shopping in Malaysia increased to 55% in 2010 from 33% in 2009, which is now comparable to Australia (58% in 2010 from 63% in 2009).</p> <p>The MasterCard survey also uncovered a growing trend among APMEA consumers using their mobile phones to access the Internet, represented by 19% of respondents in 2010 versus 8% in 2009. Leading the trend of mobile Internet access in APMEA are 39% of consumers in South Africa, 33% in Singapore, 25% in India, 25% in Indonesia, 20% in Malaysia, 20% in Thailand and 20% in the United Arab Emirates (U.A.E.).<br> </p> <p></p> <p></p> <p><a name="1"></a>[1] <i>The markets surveyed include Australia, China, Hong Kong, India, Indonesia, Japan, Malaysia, New Zealand, Philippines Singapore, South Africa, South Korea, Taiwan, Thailand, and the UAE.</i></p> <p></p> <p></p> Index on Online Shopping<p>This year MasterCard has released its first Index on Online Shopping. The Index serves as a benchmark that measures consumers’ propensity to shop online, and based on the following factors and questions:</p> <ul> <li>For what purposes do you usually use the Internet?&nbsp;&nbsp;&nbsp;</li> <li>How likely is it that you will make an online purchase in the next 6 months?</li> <li>Proportion of those who did not state: ‘prefer to shop in-store, to look at the physical product’ as a reason for not purchasing anything online in the past 3 months.</li> <li>To what extent do you agree or disagree with each of the following statements:</li> </ul> <p>(1) It is convenient to shop online</p> <p>(2) I do not feel secure shopping online&nbsp;</p> <p>The scores are compiled based on the factors or questions listed above, offering a regional Index ranking of markets with consumers who are most likely to shop online. According to the scores from the 2010 MasterCard Index on Online Shopping, South Korea tops the Index rankings with a score of 63 in 2010. Japan is ranked second this year with a score of 57, followed by New Zealand (54), Australia (52) and Taiwan (51). Emerging markets have also gained ground with the U.A.E. coming in at 6<sup>th</sup> with a score of 47 then Malaysia (44), Singapore (40) and China (38). Thailand is closely on par with India with scores of 34 and 32, respectively, ahead of Hong Kong (29). Indonesia rounds the bottom three markets on the Index with a score of 17, Philippines (12) and South Africa (8).</p> <p>Additional highlights from the online shopping survey include:</p> <ul> <li><b>Stabilizing Market Growth (Emerging):</b> Markets like India and Thailand, which reported major spikes in online shopping from 2008 to 2009, are still registering relatively high numbers. However, there are signs of a slight decline or slowing growth among consumers in India and Thailand who access the Internet to shop online.<ul> <li>India has dipped slightly to 67% in 2010 from 72% in 2009</li> <li>Thailand has grown incrementally to 67% in 2010 from 63% in 2009</li> </ul> </li> <li><b>Slowing Market Growth (Mature): </b>Mature markets like Australia and South Korea have reported a decline while Japan is reporting minimal growth according to consumers who access the Internet to shop:<ul> <li>Australia is at 58% in 2010 from 63% in 2009</li> <li>South Korea has dropped to 85% in 2010 from 87% in 2009</li> <li>Japan is now reporting 75% from 74% in 2009&nbsp;&nbsp;</li> </ul> </li> </ul> <p><b><i>NOTE TO EDITORS: </i></b><i>More information and previously released MasterCard survey results can be found at <u><b><a href="http://www.masterintelligence.com">www.masterintelligence.com</a>. </b></u></i></p> MasterCard and its Suite of Research Properties<p>MasterCard puts out a series of ongoing consumer surveys and research Indices in the Asia/Pacific, Middle East and Africa. These include the MasterCard Survey on Consumer Purchasing Priorities, the MasterCard Worldwide Index of Consumer Purchasing Resilience, the MasterCard Worldwide Index of Consumer Confidence and MasterCard Worldwide Index of Women’s Advancement.</p> <p>Besides these, MasterCard also regularly releases its Insights reports; the series is part of its ongoing research and analysis of business dynamics, financial policies and regulatory activities in the Asia/Pacific, Middle East and Africa region. Over 70 Insights reports have been produced since 2004. MasterCard has also released a series of four books on Asian consumer insights, authored by its Asia/Pacific economist, Dr. Yuwa Hedrick-Wong and published by John Wiley &amp; Sons.</p> <p>The MasterCard Indexes and Insights reports are available at <a href="http://www.masterintelligence.com"><b>www.masterintelligence.com</b></a></p> About MasterCard Worldwide <p><a href="http://www.mastercard.com/index.html" target="_blank"><b>MasterCard</b></a>&nbsp;(NYSE: MA),&nbsp;<a href="http://www.mastercard.com/" target="_blank"><b>www.mastercard.com</b></a>,<b>&nbsp;</b>is a technology company in the global payments industry. We operate&nbsp;the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard’s products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter <a href="https://twitter.com/#!/MasterCardNews" target="_blank"><b>@MasterCardNews</b></a><b>,&nbsp;</b>join the discussion on the&nbsp;<a href="http://newsroom.mastercard.com/blog/" target="_blank"><b>Cashless Conversations Blog</b></a>&nbsp;and&nbsp;<a href="http://newsroom.mastercard.com/subscribe/" target="_blank"><b>subscribe</b></a>&nbsp;for the latest <a href="http://newsroom.mastercard.com/" target="_blank"><b>news</b></a>.</p> MasterCard’s Online Shopping Survey is an annual survey which serves as a benchmark that measures consumers’ propensity to shop online.The survey was conducted from 3 September to 1 October 2010 and reached 8,500 consumers from 15 markets across APMEA.http://www1.mastercard.com/content/intelligence/en/research/press-release/2011/mastercard-survey-reveals-jump-in-online-shopping-in-the-uae-in-20102011-03-16T16:00:00.000Z2011-03-16T16:00:00.000ZInternational Visitor Spend in Beirut to Grow by 20% in 2011: New MasterCard Index Lebanon’s Capital to See International Visitors Spend US$ 6.5 Billion in 2011 <p><b>Beirut<i>, 14 September 2011 - </i></b>The world’s most prominent cities, including those hit hardest by the financial crisis, are leading global recovery through their connectivity and as destination cities for international visitors, according to the inaugural MasterCard Worldwide Index of Global Destination Cities™ released recently. Within Middle East and Africa, Beirut featured prominently on the Index coming in second in terms of international visitor spending and ninth in terms of numbers of inbound international visitors.</p> <p>The latest Index from MasterCard is a new approach to understanding the global economy from the perspective of connectivity between global cities, especially in terms of international travel and cross-border expenditures. The emergent picture depicting this network of connectivity between these global destination cities can serve as a new road map for a deeper understanding of the dynamic flow of global commerce.&nbsp;&nbsp;</p> <p>The Index estimates that 1.7 million international visitors will visit Beirut in 2011 – this reflects a robust growth of 13.9% compared to 2010. Beirut is also expected to draw in an international visitor spend of US$6.5 billion in 2011, making it the second most highly ranked city in this category across the Middle East and Africa and representing an increase of 19.6% compared to 2010.</p> <p>Dubai ranked among the top 10 arrival cities for Beirut. Beirut can expect increased spending in 2011, as the outbound passenger expenditure for Dubai-Beirut is anticipated to reach US$0.6 billion. Similarly, the outflow for<b> </b>Riyadh-Beirut is expected to reach US$0.58 billion in 2011.</p> <p>Other top cities for Beirut’s inbound travel and expenditure include Paris, London and Abu Dhabi. Paris is ranked as top inbound origin market, with 188 thousand travellers expected to come to Beirut, with an estimated expenditure of US$0.63 billion. London ranks fourth for inbound cities travelling to Beirut, but is the city with the highest percentage of business travellers, with 41.22% of travellers going to Lebanon’s capital for business.<b></b></p> <p>Doha, Paris and Istanbul emerged as the top three destination cities for Beirut in terms of the number of outbound passenger departures. The highest jump for outbound destinations was witnessed for Istanbul (42%) and Abu Dhabi (29%). Correspondingly, these two destination cities also recorded the highest jump in terms of growth in expected outbound spend, registering spikes of 52% and 39% respectively.</p> <p>The MasterCard Index of Global Destination Cities ranks 132 cities in terms of the number of their total international visitor arrivals and the cross-border spending by these same visitors in the destination cities, and gives visitor and passenger growth forecasts for 2011. The Index is part of MasterCard’s rich suite of research products, which include the MasterCard Worldwide Index of Consumer Confidence, the MasterCard Worldwide Index of Women’s Advancement, as well as over 70 Insights reports to date. <i>This Index and the accompanying reports are not based on MasterCard volumes or transactional data.</i></p> <p>“The MasterCard Index of Global Destination Cities is the newest addition to our knowledge leadership platform. We continually assess and innovate our knowledge leadership platforms to&nbsp; offer relevant and updated insights that support the acceleration of business and drive real value for our customers, associates, merchants and consumers in the region,” said Shaun Rashid, area head, Northern Africa and Levant, MasterCard Worldwide.</p> <p>“We are delighted to see Beirut’s continued growth as a destination for travellers from around the globe. Lebanon is renowned for its rich history and breathtaking scenery, and has established itself as a shopping and fashion hub in recent years. The Global Cities Index is a part of MasterCard’s endeavor to understand the wider economic significance and impact of inbound travel and expenditure into cities like Beirut, and reflects a healthy predicted growth and outlook for Lebanon’s capital,” added Basel Eltell, vice president, region manager, Levant.</p> <p>Overall <b>London</b><b> topped the world’s cities by visitor numbers</b> with 20.1 million inbound passengers expected in 2011, ahead of Paris in second with 18.1 million. Cities in Asia/Pacific account for eight of the top twenty<sup>[<a href="#1">1</a>]</sup>with Bangkok ranked third globally and, projected to have 11.5 million visitors this year, followed by Singapore with 11.4 million and Hong Kong with 10.9 million visitors. Only one city in North America is in the top twenty, New York, which is ranked twelfth with 7.6 million inbound passengers expected.&nbsp;&nbsp;&nbsp;&nbsp;</p> <p>MasterCard recently launched its MasterCard Cities website (<a href="http://cities.masterintelligence.com/" target="_blank"><b>http://cities.masterintelligence.com/</b></a>), a new microsite that offers&nbsp;a unique tool to discover the results of the Index through an interactive world map of international air travel between 132 cities across the world.<br> </p> <p></p> <p></p> <p><i><a name="1"></a>[1] All figures for Tokyo estimated in this Index will be subject to change as the impacts of earthquake and tsunami evolve going forward.&nbsp;</i></p> <p></p> <p></p> Additional Highlights<p><u>Middle East &amp; Africa</u></p> <p><b><u>Riyadh</u></b><b><u>’s rise confirmed by regional rise</u></b></p> <p>Huge visitor expenditure growth is recorded for the city of Riyadh for 2011, which ranks first in the region, with an impressive growth rate of 35.5%. Dubai and Abu Dhabi in the UAE ranked third and fourth respectively, with growth rates estimated at 24% and 21.8%.&nbsp;<b></b></p> <p><b><u>Nairobi edges Johannesburg in Sub Sahara</u></b><u></u></p> <p>According to the Index, visitor expenditures are expected to grow at 20.8% in Nairobi, exceeding the growth rate of Johannesburg, the only other Sub-Sahara African destination city in the top ten.<br> &nbsp;North America</p> <p><b><u>Houston</u></b><b><u> leads US cities on visitor numbers</u></b></p> <p>Houston, Texas ranks top of the US cities with a visitor growth increase of 14.3%, followed by New York with 11.7% and Washington DC with10%.&nbsp;<u></u></p> <p><b><u>Chicago</u></b><b><u> top on cross-border expenditure</u></b></p> <p>The Index records substantial growth in visitor expenditure for 2011 with Chicago ranked first with 18.8%, followed by Toronto with 17.8% and New York closely behind with 17.3%.&nbsp;</p> <p><u>Europe</u><u></u></p> <p><b><u>Istanbul</u></b><b><u> beats Europe’s established guard</u></b></p> <p>Turkey’s largest city ranks seventh with 9.4 million visitor arrivals, and also ranks highly on visitor growth, ahead of Western European destination cities such as Frankfurt, Rome and Amsterdam.</p> <p><b><u>European capitals low on visitor growth</u></b></p> <p>Seven out of the top ten European capital cities – behind Amsterdam (ranked 3<sup>rd</sup>) – record visitor growth in the single digits percentages. By comparison, out of the top ten Asia/Pacific cities by visitor growth, none falls below 10%.&nbsp;</p> <p><u>Asia/Pacific</u></p> <p><b><u>Chinese cities top Asia-Pacific on growth</u></b></p> <p>In the Asia/Pacific region, Beijing and Shanghai are in second and third ranks with visitor growth rates for 2011 estimated at 20.2% and 18.6% respectively, reflecting their rising attraction as China’s most important destination cities.&nbsp; Shanghai also ranks second regionally on visitor expenditure with growth rates of 24.3% for 2011. Beijing also ranks third in both number of visitors to Dubai and how much they spend there.&nbsp;</p> <p><b><u>Australia</u></b><b><u>: a big spending destination</u></b></p> <p>Australia’s two most prominent cities attract very high visitor expenditures. Globally, Sydney is ranked sixth with an estimated visitor expenditure of US$13.8 billion, even though the city does not even feature in the top ten by visitor arrivals. The city of Melbourne also ranked 19<sup>th</sup> with an estimated visitor expenditure of US$7.5 billion.</p> <p><u>Latin America</u><u></u></p> <p><b><u>Latin American cities record contraction</u></b></p> <p>Of the top ten destination cities in visitor arrivals, the Venezuelan capital Caracas, Quito (Ecuador), and Santo Domingo (Dominican Republic) are expected to see a contraction in growth rates for 2011 because many of their top origin cities are seeing a reduction in outbound traveler numbers.</p> <p><b><u>Lima</u></b><b><u> signals emerging market trend</u></b></p> <p>The Index finds emerging market destination cities recording both high visitor arrival and expenditure growth. Peru’s capital, Lima, growth rates for visitor arrivals and expenditure are 20.3% and 25.7% respectively.&nbsp;</p> <p>For the full report go to: <a href="http://www.masterintelligence.com"><b>www.masterintelligence.com</b></a></p> Methodology<p>The MasterCard Worldwide Index of Global Destination Cities is compiled using international flight and flight capacity information purchased from OAG Global, a provider of international aviation data. Flight schedules are also used for calculating flight frequency between pairs of cities.&nbsp; Airlines also publish on a regular basis their historical load factor, and advance flight schedules, which are then used to estimate the actual outbound passenger departures, and for forecasting outbound passenger departures in the coming year.</p> <p>On any given flight there are visitors from the departure country, returning residents of the destination city after visiting the departure country, and a third group: non-residents connecting through the departure country to the destination city on their way to a second destination city. This group can be a low proportion of the passengers for typically non-hub cities, but very high for destination cities that are “hubs” such as Singapore, Amsterdam, and Frankfurt.</p> <p>On a country level, the UN Database of “Trade in Service” in the “Travel Component” provides estimates of how much each year residents spend abroad (air fare paid in home country not included).&nbsp; An algorithm is applied to this total outbound expenditure and estimated total number of outbound passengers to derive an estimate of average per outbound passenger’s expenditure overseas.&nbsp;</p> <p>A margin of error is also unavoidable in such estimates, as not all outbound trips are of equal length, and the cost of living varies a great between arrival cities such that even if each trip of equal length, expenditure per passenger between different arrival cities would still be very different.&nbsp;</p> <p>This margin of error is reduced significantly by imposing a minimum of expenditures in the algorithm, after a number of iterative testing (US$500 per trip for bordering arrival country and US$700 per trip for non-bordering arrival country).&nbsp; </p> About Dr Yuwa Hedrick-Wong, Ph.D., Global Economic Advisor, MasterCard Worldwide<p>Dr Yuwa Hedrick-Wong is a business strategist and economist with 25 years of experience gained in over thirty countries. He was appointed Global Economic Advisor to MasterCard Worldwide in 2009.&nbsp; Prior to this role, he was Economic Advisor to MasterCard in Asia/Pacific, a position he held since 2001. As economic advisor, he chairs a MasterCard Knowledge Panel of leading economists, policy analysts, academics and business strategists for regular exchange and knowledge sharing.&nbsp; In 2007 he was appointed Advisor at Southern Capital Group, a private equity fund; and in 2008 he was appointed to the Investment Council of ICICI, India’s largest private bank.&nbsp;&nbsp;&nbsp;</p> <p>Yuwa is also currently Adjunct Professor at the Sauder School of Business, University of British Columbia, Vancouver, B.C. Canada, and is a frequent speaker at numerous international high-profile conferences. </p> About MasterCard <p><a href="http://www.mastercard.com/index.html" target="_blank"><b>MasterCard</b></a>&nbsp;(NYSE: MA),&nbsp;<a href="http://www.mastercard.com/" target="_blank"><b>www.mastercard.com</b></a>,<b>&nbsp;</b>is a technology company in the global payments industry. We operate&nbsp;the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard’s products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter <a href="https://twitter.com/#!/MasterCardNews" target="_blank"><b>@MasterCardNews</b></a><b>,&nbsp;</b>join the discussion on the&nbsp;<a href="http://newsroom.mastercard.com/blog/" target="_blank"><b>Cashless Conversations Blog</b></a>&nbsp;and&nbsp;<a href="http://newsroom.mastercard.com/subscribe/" target="_blank"><b>subscribe</b></a>&nbsp;for the latest <a href="http://newsroom.mastercard.com/" target="_blank"><b>news</b></a>.</p> The latest MasterCard Worldwide Index of Global Destination Cities is a new approach to understanding the global economy from the perspective of connectivity between global cities, especially in terms of international travel and cross-border expenditures.http://www1.mastercard.com/content/intelligence/en/research/press-release/2011/international-visitor-spend-in-beirut-to-grow-by-20-in-2011-new-mastercard-index2011-09-13T16:00:00.000Z2011-09-13T16:00:00.000ZInternational Visitor Spend in Amman to Grow by 20% in 2011: New MasterCard Index Jordan’s Capital 8th Most Popular City for Travellers in Middle East and Africa<p><b>Amman<i>,14 September 2011 - </i></b>The world’s most prominent cities, including those hit hardest by the financial crisis, are leading global recovery through their connectivity and as destination cities for international visitors, according to the inaugural MasterCard Worldwide Index of Global Destination Cities™ released recently. Within Middle East and Africa, Amman featured prominently on the Index, coming in eighth in terms of numbers of inbound international visitors and ninth in terms of international visitor spending.</p> <p>The latest Index from MasterCard is a new approach to understanding the global economy from the perspective of connectivity between global cities, especially in terms of international travel and cross-border expenditures. The emergent picture depicting this network of connectivity between these global destination cities can serve as a new road map for a deeper understanding of the dynamic flow of global commerce.&nbsp;&nbsp;</p> <p>The Index estimates that 1.8 million international visitors will visit Amman in 2011 – this reflects a robust growth of 14.1% compared to 2010. Amman is also expected to witness international visitor spend of US$1.3 billion in 2011, making it the ninth most highly ranked city in this category across the Middle East and Africa and representing an increase of 19.9% compared to 2010.</p> <p>Top cities for Amman’s inbound travel and expenditure are London, Dubai and Abu Dhabi. London is ranked as top inbound origin market, with 137 thousand travellers expected to come to Amman, with an estimated expenditure of US$104 million. Abu Dhabi ranks third for inbound cities travelling to Amman, but is the city with the highest percentage of business travellers, with 37.61% of travellers going to Jordan’s capital for business.<b></b></p> <p>Cairo, Istanbul and Beirut emerged as the top three destination cities for Amman in terms of the number of outbound passenger departures. Beirut and Cairo recorded the highest expected outbound spend, with an estimated expenditure of US$335 million and US$177 million respectively.</p> <p>The MasterCard Index of Global Destination Cities ranks 132 cities in terms of the number of their total international visitor arrivals and the cross-border spending by these same visitors in the destination cities, and gives visitor and passenger growth forecasts for 2011. The Index is part of MasterCard’s rich suite of research products, which include the MasterCard Worldwide Index of Consumer Confidence, the MasterCard Worldwide Index of Women’s Advancement, as well as over 70 Insights reports to date. <i>This Index and the accompanying reports are not based on MasterCard volumes or transactional data.</i></p> <p>“The MasterCard Index of Global Destination Cities is the newest addition to our knowledge leadership platform. We continually assess and innovate our knowledge leadership platforms to&nbsp; offer relevant and updated insights that support the acceleration of business and drive real value for our customers, associates, merchants and consumers in the region,” said Shaun Rashid, area head, Northern Africa and Levant, MasterCard Worldwide.</p> <p>“We are delighted to see Amman’s continued growth as a destination for travellers from around the globe. Amman is renowned for its rich history, and has established itself as a key business hub in the Middle East. The Global Cities Index is a part of MasterCard’s endeavor to understand the wider economic significance and impact of inbound travel and expenditure into cities like Amman, and reflects a healthy outlook for Jordan’s capital,” added Basel Eltell, vice president, region manager, Levant.</p> <p>Overall <b>London</b><b> topped the world’s cities by visitor numbers</b> with 20.1 million inbound passengers expected in 2011, ahead of Paris in second with 18.1 million. Cities in Asia/Pacific account for eight of the top twenty<sup>[<a href="#1">1</a>]</sup>with Bangkok ranked third globally and, projected to have 11.5 million visitors this year, followed by Singapore with 11.4 million and Hong Kong with 10.9 million visitors. Only one city in North America is in the top twenty, New York, which is ranked twelfth with 7.6 million inbound passengers expected.&nbsp;&nbsp;&nbsp;&nbsp;</p> <p>MasterCard recently launched its MasterCard Cities website (<a target="_blank" href="http://cities.masterintelligence.com/"><b>http://cities.masterintelligence.com/</b></a>), a new microsite that offers&nbsp;a unique tool to discover the results of the Index through an interactive world map of international air travel between 132 cities across the world.<br> </p> <p></p> <p></p> <p><i><a name="1"></a>[1] All figures for Tokyo estimated in this Index will be subject to change as the impacts of earthquake and tsunami evolve going forward.&nbsp;</i></p> <p></p> <p></p> Additional Highlights<p><u>Middle East &amp; Africa</u></p> <p><b><u>Riyadh’s rise confirmed by regional rise</u></b></p> <p>Huge visitor expenditure growth is recorded for the city of Riyadh for 2011, which ranks first in the region, with an impressive growth rate of 35.5%. Dubai and Abu Dhabi in the UAE ranked third and fourth respectively, with growth rates estimated at 24% and 21.8%.&nbsp;<b></b></p> <p><b><u>Nairobi edges Johannesburg in Sub Sahara</u></b><u></u></p> <p>According to the Index, visitor expenditures are expected to grow at 20.8% in Nairobi, exceeding the growth rate of Johannesburg, the only other Sub-Sahara African destination city in the top ten.</p> <p>North America</p> <p><b><u>Houston</u></b><b><u> leads US cities on visitor numbers</u></b></p> <p>Houston, Texas ranks top of the US cities with a visitor growth increase of 14.3%, followed by New York with 11.7% and Washington DC with10%.&nbsp;<u></u></p> <p><b><u>Chicago</u></b><b><u> top on cross-border expenditure</u></b></p> <p>The Index records substantial growth in visitor expenditure for 2011 with Chicago ranked first with 18.8%, followed by Toronto with 17.8% and New York closely behind with 17.3%.&nbsp;</p> <p><u>Europe</u><u></u></p> <p><b><u>Istanbul</u></b><b><u> beats Europe’s established guard</u></b></p> <p>Turkey’s largest city ranks seventh with 9.4 million visitor arrivals, and also ranks highly on visitor growth, ahead of Western European destination cities such as Frankfurt, Rome and Amsterdam.</p> <p><b><u>European capitals low on visitor growth</u></b></p> <p>Seven out of the top ten European capital cities – behind Amsterdam (ranked 3<sup>rd</sup>) – record visitor growth in the single digits percentages. By comparison, out of the top ten Asia/Pacific cities by visitor growth, none falls below 10%.&nbsp;</p> <p><u>Asia/Pacific</u></p> <p><b><u>Chinese cities top Asia-Pacific on growth</u></b></p> <p>In the Asia/Pacific region, Beijing and Shanghai are in second and third ranks with visitor growth rates for 2011 estimated at 20.2% and 18.6% respectively, reflecting their rising attraction as China’s most important destination cities.&nbsp; Shanghai also ranks second regionally on visitor expenditure with growth rates of 24.3% for 2011. Beijing also ranks third in both number of visitors to Dubai and how much they spend there.&nbsp;</p> <p><b><u>Australia</u></b><b><u>: a big spending destination</u></b></p> <p>Australia’s two most prominent cities attract very high visitor expenditures. Globally, Sydney is ranked sixth with an estimated visitor expenditure of US$13.8 billion, even though the city does not even feature in the top ten by visitor arrivals. The city of Melbourne also ranked 19<sup>th</sup> with an estimated visitor expenditure of US$7.5 billion.</p> <p><u>Latin America</u><u></u></p> <p><b><u>Latin American cities record contraction</u></b></p> <p>Of the top ten destination cities in visitor arrivals, the Venezuelan capital Caracas, Quito (Ecuador), and Santo Domingo (Dominican Republic) are expected to see a contraction in growth rates for 2011 because many of their top origin cities are seeing a reduction in outbound traveler numbers.</p> <p><b><u>Lima</u></b><b><u> signals emerging market trend</u></b></p> <p>The Index finds emerging market destination cities recording both high visitor arrival and expenditure growth. Peru’s capital, Lima, growth rates for visitor arrivals and expenditure are 20.3% and 25.7% respectively.&nbsp;</p> <p>For the full report go to: <a href="http://www.masterintelligence.com"><b>www.masterintelligence.com</b></a></p> Methodology<p>The MasterCard Worldwide Index of Global Destination Cities is compiled using international flight and flight capacity information purchased from OAG Global, a provider of international aviation data. Flight schedules are also used for calculating flight frequency between pairs of cities.&nbsp; Airlines also publish on a regular basis their historical load factor, and advance flight schedules, which are then used to estimate the actual outbound passenger departures, and for forecasting outbound passenger departures in the coming year.</p> <p>On any given flight there are visitors from the departure country, returning residents of the destination city after visiting the departure country, and a third group: non-residents connecting through the departure country to the destination city on their way to a second destination city. This group can be a low proportion of the passengers for typically non-hub cities, but very high for destination cities that are “hubs” such as Singapore, Amsterdam, and Frankfurt.</p> <p>On a country level, the UN Database of “Trade in Service” in the “Travel Component” provides estimates of how much each year residents spend abroad (air fare paid in home country not included).&nbsp; An algorithm is applied to this total outbound expenditure and estimated total number of outbound passengers to derive an estimate of average per outbound passenger’s expenditure overseas.&nbsp;</p> <p>A margin of error is also unavoidable in such estimates, as not all outbound trips are of equal length, and the cost of living varies a great between arrival cities such that even if each trip of equal length, expenditure per passenger between different arrival cities would still be very different.&nbsp;</p> <p>This margin of error is reduced significantly by imposing a minimum of expenditures in the algorithm, after a number of iterative testing (US$500 per trip for bordering arrival country and US$700 per trip for non-bordering arrival country).&nbsp; </p> About Dr Yuwa Hedrick-Wong, Ph.D., Global Economic Advisor, MasterCard Worldwide<p>Dr Yuwa Hedrick-Wong is a business strategist and economist with 25 years of experience gained in over thirty countries. He was appointed Global Economic Advisor to MasterCard Worldwide in 2009.&nbsp; Prior to this role, he was Economic Advisor to MasterCard in Asia/Pacific, a position he held since 2001. As economic advisor, he chairs a MasterCard Knowledge Panel of leading economists, policy analysts, academics and business strategists for regular exchange and knowledge sharing.&nbsp; In 2007 he was appointed Advisor at Southern Capital Group, a private equity fund; and in 2008 he was appointed to the Investment Council of ICICI, India’s largest private bank.&nbsp;&nbsp;&nbsp;</p> <p>Yuwa is also currently Adjunct Professor at the Sauder School of Business, University of British Columbia, Vancouver, B.C. Canada, and is a frequent speaker at numerous international high-profile conferences. </p> About MasterCard <p><a href="http://www.mastercard.com/index.html" target="_blank"><b>MasterCard</b></a>&nbsp;(NYSE: MA),&nbsp;<a href="http://www.mastercard.com/" target="_blank"><b>www.mastercard.com</b></a>,<b>&nbsp;</b>is a technology company in the global payments industry. We operate&nbsp;the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard’s products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter <a href="https://twitter.com/#!/MasterCardNews" target="_blank"><b>@MasterCardNews</b></a><b>,&nbsp;</b>join the discussion on the&nbsp;<a href="http://newsroom.mastercard.com/blog/" target="_blank"><b>Cashless Conversations Blog</b></a>&nbsp;and&nbsp;<a href="http://newsroom.mastercard.com/subscribe/" target="_blank"><b>subscribe</b></a>&nbsp;for the latest <a href="http://newsroom.mastercard.com/" target="_blank"><b>news</b></a>.</p> The latest MasterCard Worldwide Index of Global Destination Cities is a new approach to understanding the global economy from the perspective of connectivity between global cities, especially in terms of international travel and cross-border expenditures.http://www1.mastercard.com/content/intelligence/en/research/press-release/2011/international-visitor-spend-in-amman-to-grow-by-20-in-2011-new-mastercard-index2011-09-13T16:00:00.000Z2011-09-13T16:00:00.000ZConsumer Confidence in Kuwait Highly Optimistic: MasterCard Survey Heba Hassan, Nadia EjazMasterCard Survey Shows Consumer Confidence in Middle East is Highest since 2008<p><b><i>Kuwait City, Kuwait, 13 September 2011-</i></b> Consumers in Kuwait have indicated that they are highly optimistic about the coming 6 months, according to the results of the latest MasterCard Worldwide Index of Consumer Confidence. With a score of 90.8, consumer confidence in Kuwait shows significant improvement from 6 months ago (80.4) and even 18 months (70.9) ago. In fact, the latest consumer confidence score for Kuwait is considerably higher than markets such as China (78.3), Hong Kong (69.9) and India (75.2).</p> <p>Now in its 19<sup>th</sup> year, the MasterCard Worldwide Index of Consumer Confidence is the region’s most comprehensive and longest running consumer confidence survey. The Index is based on a survey which measures consumer confidence on prevailing expectations in the market for the next six months based on five economic indicators: Economy, Employment, Stock Market, Regular Income and Quality of Life. The Index score is calculated with zero as the most pessimistic, 100 as most optimistic and 50 as neutral.</p> <p>The latest survey was conducted from March to April 2011 and involved 17,620 consumers from 25<sup>[<a href="#1">1</a>]</sup> markets. Data collection was via internet surveys, personal, telephone and Computer Aided Telephone interviews, with the questionnaire translated to the local language wherever appropriate and necessary. <i>The Index and its accompanying reports do not represent MasterCard financial performance.</i></p> <p><i></i>Consumers in Kuwait are most optimistic about Employment (96.2) and the Economy (93.6), and least optimistic about the Stock Market (83.4). However, all indicators of consumer confidence were rated as being very positive, including Regular Income (91.3) and Quality of Life (89.7).</p> <p>The survey also revealed that female consumers in Kuwait tend to be more optimistic about their prospects for the coming months as compared to male consumers, and that those under the age of 30 tend to be more positive than consumers over the age of thirty. However, it is worth noting that confidence levels for all gender and age demographics remain well above 85.</p> <p>“It is very encouraging to see that consumer sentiment in Kuwait is gaining an upward momentum and is expected to remain high in the coming months. This is, no doubt, positive news for businesses across many sectors in Kuwait,” said Sumit Mittal, vice president, Kuwait, MasterCard Worldwide.</p> <p>Overall, in the Middle East, consumer confidence has gone up significantly compared to six months ago (83.4 vs. 71.6). Respondents were most optimistic about Regular Income (86.8 vs. 83.0 six months ago) and least optimistic about the Stock Market, even though the latter indicator has increased drastically in the last six months (81.5 vs. 63.2). In fact, all five economic indicators have increased in the Middle East compared to six months ago. The Middle East’s aggregate score of 83.4 is also substantially higher than that of Asia/ Pacific (61.5) and Africa (73.8).</p> <p></p> <p></p> <p></p> <p><i><a name="1"></a>[1] Asia/Pacific: Australia, China, Hong Kong, India, Indonesia, Japan, South Korea, Malaysia, New Zealand, Philippines, Singapore, Taiwan, Thailand, and Vietnam</i></p> <p><i>Middle East: Egypt, Kuwait, Lebanon, Oman, Qatar, Saudi Arabia, United Arab Emirates</i></p> <p><i>Africa: Kenya, Morocco, Nigeria, South Africa</i></p> <p></p> <p></p> <p></p> MasterCard Worldwide Index of Consumer Confidence<p>Amongst other findings in the Middle East:</p> <ul> <li>Consumer Confidence is highest in Oman with a remarkable score of 99.0. It is worth nothing that this is the first time Oman is being included in the survey, so there are no previous comparable scores.</li> <li>The Kingdom of Saudi Arabia (the highest scoring market in the survey six months ago with a score of 95.1) further increased its score to 98.6.</li> <li>All markets surveyed across the Middle East reflected increased levels of Consumer Confidence with the exception of Lebanon, for which the score fell from 54.3 six months ago to 15.0 in the current survey.</li> </ul> <p><b><i>Consumer Confidence Results:</i></b></p> <table border="1" cellspacing="0" cellpadding="0" width="586"> <tbody><tr><th class="table-description"><b>MARKETS</b></th> <th class="table-description"><b>1H 2011</b></th> <th class="table-description"><b>2H 2010</b></th> <th class="table-description"><b>1H 2010</b></th> <th class="table-description"><b>2H 2009</b></th> <th class="table-description"><b>1H 2009</b></th> <th class="table-description"><b>2H 2008</b></th> <th class="table-description"><b>1H 2008</b></th> </tr><tr><td>Egypt</td> <td>78.2</td> <td>47.7</td> <td>45.5</td> <td>59.5</td> <td>32.3</td> <td>55.6</td> <td>32.3</td> </tr><tr><td>Kuwait</td> <td>90.8</td> <td>80.4</td> <td>96.9</td> <td>70.9</td> <td>49.5</td> <td>96.6</td> <td>89.4</td> </tr><tr><td>Lebanon</td> <td>15.0</td> <td>54.3</td> <td>44.6</td> <td>55.4</td> <td>64.4</td> <td>69.1</td> <td>32.0</td> </tr><tr><td>Oman</td> <td>99.0</td> <td>-</td> <td>-</td> <td>-</td> <td>-</td> <td>-</td> <td>-</td> </tr><tr><td>Qatar</td> <td>95.7</td> <td>83.6</td> <td>65.8</td> <td>89.2</td> <td>71.4</td> <td>76.2</td> <td>88.6</td> </tr><tr><td>Saudi Arabia</td> <td>98.6</td> <td>95.1</td> <td>85.0</td> <td>83.2</td> <td>67.1</td> <td>72.4</td> <td>80.2</td> </tr><tr><td>U.A.E.</td> <td>95.6</td> <td>73.6</td> <td>82.4</td> <td>86.1</td> <td>29.6</td> <td>75.4</td> <td>85.4</td> </tr><tr><td>Total Middle East</td> <td>83.4</td> <td>71.6</td> <td>69.2</td> <td>74.5</td> <td>49.9</td> <td>72.7</td> <td>66.4</td> </tr></tbody></table> About the MasterCard Worldwide Index™ of Consumer Confidence<p>The MasterCard Worldwide Index™ of Consumer Confidence survey has a 19-year track record of consumer confidence indices collected from over 200,000 interviews, unequalled both in scope and history across Asia/Pacific.&nbsp;</p> <p>The MasterCard Worldwide Index of Consumer Confidence is the most comprehensive and longest running survey of its kind in the region.&nbsp; In June 1997, the Index revealed a decline in consumer confidence – one month prior to the devaluation of the Thai baht that triggered the regional economic crisis. In June 2003, the Index score for Employment in Hong Kong dropped to a low of 20.0. This was subsequently reflected in Hong Kong’s unemployment rate, which peaked just before September 2003 at eight percent.</p> <p>The survey comprising the Asia/Pacific markets began in the first half of 1993 and has been conducted twice yearly since. Markets from the Middle East and Africa were included in the Index from 2004. Twenty five markets now participate in the survey: Australia, China, Egypt, Hong Kong, India, Indonesia, Japan, Kenya, Kuwait, Lebanon, Malaysia, Morocco, New Zealand, Nigeria, Oman, Philippines, Qatar, Saudi Arabia, South Korea, South Africa, Singapore, Taiwan, Thailand, United Arab Emirates and Vietnam. The last MasterCard Worldwide Index of Consumer Confidence survey was conducted from 15 March to 27 April 2011. A total of 17,620 qualified respondents were surveyed in the 25 markets with the sample being representative of the middle and upper income groups in each market.&nbsp; In each market except China and India, 400 or more people were surveyed.&nbsp; A minimum sample size of 800 was collected from China and India.</p> <p>The Index is calculated based with zero as the most pessimistic, 100 as most optimistic and 50 as neutral.&nbsp;Five economic factors are measured: Employment, the Economy, Regular Income, Stock Market and Quality of Life. The responses are consumers' thoughts on the six months ahead. Data collection was via internet surveys, personal, telephone and Computer Aided Telephone interviews, with the questionnaire translated to the local language wherever appropriate and necessary.&nbsp; The survey has a margin of sampling error of plus or minus four percentage points at the 90 percent confidence level, except China and India where because of the larger sample, the margin of sampling error is plus or minus three percentage points.</p> <p></p> MasterCard and its Suite of Research Properties<p>The MasterCard Worldwide Index suite in Asia/Pacific, Middle East and Africa includes the long-running MasterCard Worldwide Index of Consumer Confidence, as well as the&nbsp;MasterCard Worldwide Index of Women’s Advancement, Online Shopping,&nbsp;Index of Financial Literacy, and the&nbsp;<a href="http://newsroom.mastercard.com/digital-press-kits/mastercard-global-destination-cities-index-2013/" target="_blank"><b>Index of Global Destination Cities</b></a>. In addition to the Indices, MasterCard’s research properties also include a range of consumer surveys including Ethical Spending&nbsp;and a series on&nbsp;Consumer Purchasing Priorities&nbsp;(covering&nbsp;Travel,&nbsp;Dining &amp; Entertainment, Education,&nbsp;Money Management,&nbsp;Luxury&nbsp;and General Shopping).</p> <p>MasterCard also regularly releases Insights reports providing analysis of business dynamics, financial policies and regulatory activities in the Asia/Pacific, Middle East and Africa region. Over 80 Insights reports have been produced since 2004.</p> <p>MasterCard has also released a series of four books on Asian consumer insights, authored by&nbsp;<a href="http://newsroom.mastercard.com/people/dyuwa/" target="_blank"><b>Dr. Yuwa Hedrick-Wong</b></a>, Global Economic Advisor for MasterCard Worldwide and published by John Wiley &amp; Sons.</p> About MasterCard <p><a href="http://www.mastercard.com/index.html" target="_blank"><b>MasterCard</b></a>&nbsp;(NYSE: MA),&nbsp;<a href="http://www.mastercard.com/" target="_blank"><b>www.mastercard.com</b></a>,<b>&nbsp;</b>is a technology company in the global payments industry. We operate&nbsp;the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard’s products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter <a href="https://twitter.com/#!/MasterCardNews" target="_blank"><b>@MasterCardNews</b></a><b>,&nbsp;</b>join the discussion on the&nbsp;<a href="http://newsroom.mastercard.com/blog/" target="_blank"><b>Cashless Conversations Blog</b></a>&nbsp;and&nbsp;<a href="http://newsroom.mastercard.com/subscribe/" target="_blank"><b>subscribe</b></a>&nbsp;for the latest <a href="http://newsroom.mastercard.com/" target="_blank"><b>news</b></a>.</p> Launched in 1993, the MasterCard Index of Consumer Confidence has proven to be an excellent barometer of general consumer pulse in Asia/Pacific, Middle East and Africa. The twice annual survey analyzes prevailing consumer perceptions of economic conditions for the next six-months.http://www1.mastercard.com/content/intelligence/en/research/press-release/2011/consumer-confidence-in-kuwait-highly-optimistic2011-09-12T16:00:00.000Z2011-09-12T16:00:00.000ZTaiwanese Spending Less on Leisure Activities: MasterCard Survey Jonathan SeidmanMasterCard and its Suite of Research Properties<p>The MasterCard Worldwide Index suite in Asia/Pacific, Middle East and Africa includes the long-running MasterCard Worldwide Index of Consumer Confidence, as well as the&nbsp;MasterCard Worldwide Index of Women’s Advancement, Online Shopping,&nbsp;Index of Financial Literacy, and the&nbsp;<a href="http://newsroom.mastercard.com/digital-press-kits/mastercard-global-destination-cities-index-2013/" target="_blank"><b>Index of Global Destination Cities</b></a>. In addition to the Indices, MasterCard’s research properties also include a range of consumer surveys including Ethical Spending&nbsp;and a series on&nbsp;Consumer Purchasing Priorities&nbsp;(covering&nbsp;Travel,&nbsp;Dining &amp; Entertainment, Education,&nbsp;Money Management,&nbsp;Luxury&nbsp;and General Shopping).</p> <p>MasterCard also regularly releases Insights reports providing analysis of business dynamics, financial policies and regulatory activities in the Asia/Pacific, Middle East and Africa region. Over 80 Insights reports have been produced since 2004.</p> <p>MasterCard has also released a series of four books on Asian consumer insights, authored by&nbsp;<a href="http://newsroom.mastercard.com/people/dyuwa/" target="_blank"><b>Dr. Yuwa Hedrick-Wong</b></a>, Global Economic Advisor for MasterCard Worldwide and published by John Wiley &amp; Sons.</p> About MasterCard Worldwide<p><a href="http://www.mastercard.com/index.html" target="_blank"><b>MasterCard</b></a> (NYSE: MA), <a href="http://www.mastercard.com" target="_blank"><b>www.mastercard.com</b></a>,<b> </b>is a global payments and technology company. It operates the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard’s products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter <a href="https://twitter.com/#!/MasterCardNews" target="_blank"><b>@mastercardnews</b></a><b>, </b>join the conversation on <b><a href="http://newsroom.mastercard.com/blog/" target="_blank">Cashless Conversations Blog</a></b> and <a href="http://newsroom.mastercard.com/subscribe/" target="_blank"><b>subscribe</b></a> for the latest <a href="http://newsroom.mastercard.com/" target="_blank"><b>news</b></a>.</p> Contacts:<p>Jonathan Seidman,<br> (886)2722-5799 Ext.124,<br> <a href="mailto:JSeidman1@webershandwick.com">JSeidman1@webershandwick.com</a></p> The research is based on a survey conducted between 24 April 2012 and 10 June 2012 with 6904 respondents aged 18 – 64 in 14 Asia/Pacific countries. The survey findings are part of MasterCard’s suite of research into Consumer Purchasing Priorities in the Asia/Pacific region.http://www1.mastercard.com/content/intelligence/en/research/press-release/2012/taiwanese-spending-less-on-leisure-activities--mastercard-survey2012-09-27T16:00:00.000Z2012-09-27T16:00:00.000ZHong Kong Diners Top Greater China Region on Tipping: MasterCard Survey Gloria Lai, Matthew LiuMasterCard and its Suite of Research Properties<p>The MasterCard Worldwide Index suite in Asia/Pacific, Middle East and Africa includes the long-running MasterCard Worldwide Index of Consumer Confidence, as well as the&nbsp;MasterCard Worldwide Index of Women’s Advancement, Online Shopping,&nbsp;Index of Financial Literacy, and the&nbsp;<a href="http://newsroom.mastercard.com/digital-press-kits/mastercard-global-destination-cities-index-2013/" target="_blank"><b>Index of Global Destination Cities</b></a>. In addition to the Indices, MasterCard’s research properties also include a range of consumer surveys including Ethical Spending&nbsp;and a series on&nbsp;Consumer Purchasing Priorities&nbsp;(covering&nbsp;Travel,&nbsp;Dining &amp; Entertainment, Education,&nbsp;Money Management,&nbsp;Luxury&nbsp;and General Shopping).</p> <p>MasterCard also regularly releases Insights reports providing analysis of business dynamics, financial policies and regulatory activities in the Asia/Pacific, Middle East and Africa region. Over 80 Insights reports have been produced since 2004.</p> <p>MasterCard has also released a series of four books on Asian consumer insights, authored by&nbsp;<a href="http://newsroom.mastercard.com/people/dyuwa/" target="_blank"><b>Dr. Yuwa Hedrick-Wong</b></a>, Global Economic Advisor for MasterCard Worldwide and published by John Wiley &amp; Sons.</p> About MasterCard Worldwide<p><a href="http://www.mastercard.com/index.html" target="_blank"><b>MasterCard</b></a>&nbsp;(NYSE: MA),&nbsp;<a href="http://www.mastercard.com/" target="_blank"><b>www.mastercard.com</b></a>,<b>&nbsp;</b>is a technology company in the global payments industry. We operate&nbsp;the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard’s products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter <a href="https://twitter.com/#!/MasterCardNews" target="_blank"><b>@MasterCardNews</b></a><b>,&nbsp;</b>join the discussion on the&nbsp;<a href="http://newsroom.mastercard.com/blog/" target="_blank"><b>Cashless Conversations Blog</b></a>&nbsp;and&nbsp;<a href="http://newsroom.mastercard.com/subscribe/" target="_blank"><b>subscribe</b></a>&nbsp;for the latest <a href="http://newsroom.mastercard.com/" target="_blank"><b>news</b></a>.</p> <i>Contacts:</i><p>Gloria Lai<br> (852) 2533 9983,<br> <a href="mailto:glai@webershandwick.com">glai@webershandwick.com</a></p> <p>Matthew Liu<br> (852) 2533 9927,<br> <a href="mailto:mliu@webershandwick.com">mliu@webershandwick.com</a></p> The research is based on a survey conducted between 24 April 2012 and 10 June 2012 with 6904 respondents aged 18 – 64 in 14 Asia/Pacific countries. The survey findings are part of MasterCard’s suite of research into Consumer Purchasing Priorities in the Asia/Pacific region.http://www1.mastercard.com/content/intelligence/en/research/press-release/2012/hong-kong-diners-top-greater-china-region-on-tipping--mastercard2012-10-03T16:00:00.000Z2012-10-03T16:00:00.000ZEducation Remains a Top Priority in Mainland China: MasterCard Survey Huanyu Wu, Tang Fei Attitudes Towards Education Vary Greatly Across Greater China <table width="411" cellspacing="0" cellpadding="0" border="1"> <tbody><tr><th class="table-description"><b><br type="_moz"> </b></th> <th class="table-description"><b>Mainland China</b></th> <th class="table-description"><b>Hong Kong</b></th> <th class="table-description"><b>Taiwan</b></th> </tr><tr><td><b>To further my education</b></td> <td>37%</td> <td>47%</td> <td>19%</td> </tr><tr><td><b>Related to the profession I would like to be in</b></td> <td>43%</td> <td>33%</td> <td>36%</td> </tr><tr><td><b>Hobby related/ self-improvement </b></td> <td>20%</td> <td>19%</td> <td>45%</td> </tr></tbody></table> <p>Four out of 10 respondents in Mainland China plan to return to college. Of those, almost half are keen to study abroad, with the majority of respondents citing international outlook (55%) as the reason they prefer studying abroad, while 23% believe they will receive a better education overseas and 10% said they wanted to study overseas for a chance to experience a different culture.&nbsp;&nbsp;</p> <p>Most of those pursuing higher education (90%) said they would finance it themselves. A small minority of students plan to use bank loans (18%), while 14% of respondents will receive funding from their parents. Consequently, the survey recorded a notable increase (from 46% last year to 67%) in the number of overseas students choosing credit cards as the preferred payment method for tuition fees.</p> <p>Three out of four Mainland Chinese parents said they save regularly for their children’s education, with those responding in the affirmative reporting that they save an average of 13% of their income. The majority of Mainland Chinese parents (72%) spend between six and 30 percent of their income on their children’s education.</p> <p>While four out of 10 Mainland Chinese parents opt for universities in China, a significant proportion hope that their children can study abroad, favouring either the United States (38%) or Europe (35%).</p> Increasing Number of Mainland Chinese Parents Opt to send their Children to Study Overseas<table width="409" cellspacing="0" cellpadding="0" border="1"> <tbody><tr><th class="table-description"><b>Location</b></th> <th class="table-description"><b>H1 2012</b></th> <th class="table-description"><b>H1 2011</b></th> </tr><tr><td>Within China</td> <td>46%</td> <td>45%</td> </tr><tr><td>America</td> <td>38%</td> <td>5%</td> </tr><tr><td>Europe</td> <td>35%</td> <td>4%</td> </tr><tr><td>Overseas in Asia</td> <td>18%</td> <td>4%</td> </tr><tr><td>Undecided</td> <td>17%</td> <td>42%</td> </tr></tbody></table> <p>Over 80% of Mainland Chinese parents enrolled their children in extracurricular activities, with a significant proportion selecting foreign language classes (46%), music (42%) or sports (39%) courses. This is a far cry from a year ago, when just over half of the parents surveyed involved their children in extracurricular classes.</p> <p>“Chinese parents and their children continue to exhibit an insatiable thirst for knowledge, as indicated by more than four out of 10 respondents across Mainland China planning to enroll in educational programs for either personal or professional reasons,” said <a href="http://newsroom.mastercard.com/people/lhai/" target="_blank"><b>Ling Hai</b></a>, Division President, Greater China, MasterCard Worldwide. “To this end, MasterCard has recently established a strategic collaboration with the China Europe International Business School (CEIBS), which will serve to develop more talent, inspire and encourage students to contribute to the further development of the Chinese economy.”</p> <p>The latest survey, which was conducted from the end of April to early June, 2012, involved 11,376 consumers from 25 markets with 845 respondents in China, 421 in Taiwan and 409 in Hong Kong. Data was collected via online surveys, face-to-face, and Computer Assisted Telephone interviews, with the questionnaire translated to the local language wherever appropriate and necessary. <i>The Index and its accompanying reports do not represent MasterCard financial performance.</i></p> MasterCard and its Suite of Research Properties<p>The MasterCard Worldwide Index suite in Asia/Pacific, Middle East and Africa includes the long-running MasterCard Worldwide Index of Consumer Confidence, as well as the&nbsp;MasterCard Worldwide Index of Women’s Advancement, Online Shopping,&nbsp;Index of Financial Literacy, and the&nbsp;<a href="http://newsroom.mastercard.com/digital-press-kits/mastercard-global-destination-cities-index-2013/" target="_blank"><b>Index of Global Destination Cities</b></a>. In addition to the Indices, MasterCard’s research properties also include a range of consumer surveys including Ethical Spending&nbsp;and a series on&nbsp;Consumer Purchasing Priorities&nbsp;(covering&nbsp;Travel,&nbsp;Dining &amp; Entertainment, Education,&nbsp;Money Management,&nbsp;Luxury&nbsp;and General Shopping).</p> <p>MasterCard also regularly releases Insights reports providing analysis of business dynamics, financial policies and regulatory activities in the Asia/Pacific, Middle East and Africa region. Over 80 Insights reports have been produced since 2004.</p> <p>MasterCard has also released a series of four books on Asian consumer insights, authored by&nbsp;<a href="http://newsroom.mastercard.com/people/dyuwa/" target="_blank"><b>Dr. Yuwa Hedrick-Wong</b></a>, Global Economic Advisor for MasterCard Worldwide and published by John Wiley &amp; Sons.</p> About MasterCard Worldwide<p><a href="http://www.mastercard.com/index.html" target="_blank"><b>MasterCard</b></a>&nbsp;(NYSE: MA),&nbsp;<a href="http://www.mastercard.com/" target="_blank"><b>www.mastercard.com</b></a>,<b>&nbsp;</b>is a technology company in the global payments industry. We operate&nbsp;the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard’s products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter <a href="https://twitter.com/#!/MasterCardNews" target="_blank"><b>@MasterCardNews</b></a><b>,&nbsp;</b>join the discussion on the&nbsp;<a href="http://newsroom.mastercard.com/blog/" target="_blank"><b>Cashless Conversations Blog</b></a>&nbsp;and&nbsp;<a href="http://newsroom.mastercard.com/subscribe/" target="_blank"><b>subscribe</b></a>&nbsp;for the latest <a href="http://newsroom.mastercard.com/" target="_blank"><b>news</b></a>.</p> Contacts:<p>Huanyu Wu<br> MasterCard Worldwide<br> <a href="mailto:huanyu_wu@mastercard.com">huanyu_wu@mastercard.com</a><br> (86-10) 8519 9304<br> </p> <p>Tang Fei<br> Weber Shandwick Worldwide<br> <a href="mailto:ftang@webershandwick.com">ftang@webershandwick.com</a><br> (86-10) 8569-9979 / (86-10) 8569-9926<i></i></p> The MasterCard Survey on Consumer Purchasing Priorities – Education provides valuable insights into the Asia/Pacific consumers’ savings and expenditure behavior and their discretionary spending priorities on education.http://www1.mastercard.com/content/intelligence/en/research/press-release/2012/education-remains-a-top-priority-in-mainland-china--mastercard-s2012-08-29T16:00:00.000Z2012-08-29T16:00:00.000ZHong Kong Parents More Likely to Send Children to Overseas Universities: MasterCard Survey Gloria Lai, Matthew LiuMasterCard and its Suite of Research Properties<p>The MasterCard Worldwide Index suite in Asia/Pacific, Middle East and Africa includes the long-running MasterCard Worldwide Index of Consumer Confidence, as well as the&nbsp;MasterCard Worldwide Index of Women’s Advancement, Online Shopping,&nbsp;Index of Financial Literacy, and the&nbsp;<a href="http://newsroom.mastercard.com/digital-press-kits/mastercard-global-destination-cities-index-2013/" target="_blank"><b>Index of Global Destination Cities</b></a>. In addition to the Indices, MasterCard’s research properties also include a range of consumer surveys including Ethical Spending&nbsp;and a series on&nbsp;Consumer Purchasing Priorities&nbsp;(covering&nbsp;Travel,&nbsp;Dining &amp; Entertainment, Education,&nbsp;Money Management,&nbsp;Luxury&nbsp;and General Shopping).</p> <p>MasterCard also regularly releases Insights reports providing analysis of business dynamics, financial policies and regulatory activities in the Asia/Pacific, Middle East and Africa region. Over 80 Insights reports have been produced since 2004.</p> <p>MasterCard has also released a series of four books on Asian consumer insights, authored by&nbsp;<a href="http://newsroom.mastercard.com/people/dyuwa/" target="_blank"><b>Dr. Yuwa Hedrick-Wong</b></a>, Global Economic Advisor for MasterCard Worldwide and published by John Wiley &amp; Sons.</p> About MasterCard Worldwide<p><a href="http://www.mastercard.com/index.html" target="_blank"><b>MasterCard</b></a>&nbsp;(NYSE: MA),&nbsp;<a href="http://www.mastercard.com/" target="_blank"><b>www.mastercard.com</b></a>,<b>&nbsp;</b>is a technology company in the global payments industry. We operate&nbsp;the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard’s products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter <a href="https://twitter.com/#!/MasterCardNews" target="_blank"><b>@MasterCardNews</b></a><b>,&nbsp;</b>join the discussion on the&nbsp;<a href="http://newsroom.mastercard.com/blog/" target="_blank"><b>Cashless Conversations Blog</b></a>&nbsp;and&nbsp;<a href="http://newsroom.mastercard.com/subscribe/" target="_blank"><b>subscribe</b></a>&nbsp;for the latest <a href="http://newsroom.mastercard.com/" target="_blank"><b>news</b></a>.</p> Contacts:<p>Gloria Lai<br> (852) 2533 9983,<br> <a href="mailto:glai@webershandwick.com">glai@webershandwick.com</a></p> <p>Matthew Liu<br> (852) 2533 9927,<br> <a href="mailto:mliu@webershandwick.com">mliu@webershandwick.com</a></p> The MasterCard Survey on Consumer Purchasing Priorities – Education provides valuable insights into the Asia/Pacific consumers’ savings and expenditure behavior and their discretionary spending priorities on education.http://www1.mastercard.com/content/intelligence/en/research/press-release/2012/hong-kong-parents-more-likely-to-send-children-to-overseas-unive2012-08-29T16:00:00.000Z2012-08-29T16:00:00.000ZTaiwanese Parents Top Greater China Region for Income Spent on Children’s Education: MasterCard Survey Jonathan SeidmanInvestment in Children’s Education across Greater China<table width="405" cellspacing="0" cellpadding="0" border="1"> <tbody><tr><th class="table-description" colspan="2"><b>Rank</b></th> <th class="table-description"><b>Avg. Monthly Expenditure on Children's Education</b></th> <th class="table-description"><b>Avg. Monthly Savings on Children's Education</b></th> </tr><tr><th class="table-description" colspan="4"><b>2012</b></th> </tr><tr><td><b>1</b></td> <td>Taiwan</td> <td>15%</td> <td>17%</td> </tr><tr><td><b>2</b></td> <td>China</td> <td>13%</td> <td>15%</td> </tr><tr><td><b>3</b></td> <td>Hong Kong</td> <td>13%</td> <td>15%</td> </tr><tr><th class="table-description" colspan="4"><b>2011</b></th> </tr><tr><td><b>1</b></td> <td>Taiwan</td> <td>17%</td> <td>19%</td> </tr><tr><td><b>2</b></td> <td>China</td> <td>14%</td> <td>15%</td> </tr><tr><td><b>3</b></td> <td>Hong Kong</td> <td>13%</td> <td>14%</td> </tr></tbody></table> MasterCard and its Suite of Research Properties<p>The MasterCard Worldwide Index suite in Asia/Pacific, Middle East and Africa includes the long-running MasterCard Worldwide Index of Consumer Confidence, as well as the&nbsp;MasterCard Worldwide Index of Women’s Advancement, Online Shopping,&nbsp;Index of Financial Literacy, and the&nbsp;<a href="http://newsroom.mastercard.com/digital-press-kits/mastercard-global-destination-cities-index-2013/" target="_blank"><b>Index of Global Destination Cities</b></a>. In addition to the Indices, MasterCard’s research properties also include a range of consumer surveys including Ethical Spending&nbsp;and a series on&nbsp;Consumer Purchasing Priorities&nbsp;(covering&nbsp;Travel,&nbsp;Dining &amp; Entertainment, Education,&nbsp;Money Management,&nbsp;Luxury&nbsp;and General Shopping).</p> <p>MasterCard also regularly releases Insights reports providing analysis of business dynamics, financial policies and regulatory activities in the Asia/Pacific, Middle East and Africa region. Over 80 Insights reports have been produced since 2004.</p> <p>MasterCard has also released a series of four books on Asian consumer insights, authored by&nbsp;<a href="http://newsroom.mastercard.com/people/dyuwa/" target="_blank"><b>Dr. Yuwa Hedrick-Wong</b></a>, Global Economic Advisor for MasterCard Worldwide and published by John Wiley &amp; Sons.</p> About MasterCard Worldwide<p><a href="http://www.mastercard.com/index.html" target="_blank"><b>MasterCard</b></a> (NYSE: MA), <a href="http://www.mastercard.com" target="_blank"><b>www.mastercard.com</b></a>,<b> </b>is a global payments and technology company. It operates the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard’s products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter <a href="https://twitter.com/#!/MasterCardNews" target="_blank"><b>@mastercardnews</b></a><b>, </b>join the conversation on <b><a href="http://newsroom.mastercard.com/blog/" target="_blank">Cashless Conversations Blog</a></b> and <a href="http://newsroom.mastercard.com/subscribe/" target="_blank"><b>subscribe</b></a> for the latest <a href="http://newsroom.mastercard.com/" target="_blank"><b>news</b></a>.</p> Contacts:<p>Jonathan Seidman, <br> (886)2722-5799 Ext.124,<br> <a href="mailto:JSeidman1@webershandwick.com">JSeidman1@webershandwick.com</a></p> The MasterCard Survey on Consumer Purchasing Priorities – Education provides valuable insights into the Asia/Pacific consumers’ savings and expenditure behavior and their discretionary spending priorities on education.http://www1.mastercard.com/content/intelligence/en/research/press-release/2012/taiwanese-parents-top-greater-china-region-for-income-spent-on-c2012-08-29T16:00:00.000Z2012-08-29T16:00:00.000ZChinese Consumers Remain Fiscally Conservative: MasterCard Survey Huanyu Wu, Tang Fei92% of Mainland Chinese Plan to Save the Same Amount or More in the Next Six Months<p><b><i>Beijing, </i></b><b><i>16</i></b><b><i> </i></b><b><i>November,</i></b><b><i> 2012</i></b> – According to the latest <a href="http://newsroom.mastercard.com/asia-pacific/" target="_blank"><b>MasterCard</b></a> survey on Consumer Purchasing Priorities – Money Management, eight out of ten Mainland Chinese consumers plan on saving the same amount or more in the next six months for precautionary purposes, which is similar to the proportion of consumers in Taiwan (79%) and Hong Kong (71%). Interestingly, half of Mainland Chinese respondents currently own a MasterCard credit card, representing a three-fold increase compared to last year, while Hong Kong and Taiwan also witnessed a modest increase in the amount of MasterCard cardholders compared to the previous year.</p> <p>The latest survey shows that money management strategies are conservative throughout Greater China. For instance, consumers in Mainland China plan to save an average of 26% of their income in the next six months, followed closely by Taiwan (23%) and Hong Kong (21%). Interestingly, Hong Kong (94%) had the largest proportion of respondents planning to save the same amount or more in the next six months, followed by Mainland China (92%) and Taiwan (80%).</p> <p>While most respondents in Mainland China are saving for investments (59%), the majority of consumers in Hong Kong (60%) and Taiwan (51%) are setting aside a portion of their income for retirement. Interestingly, 53% of the Mainland Chinese respondents in 2012 saved for international travel, compared to 18% last year.</p> Top 7 Reasons for Saving in Greater China<table width="391" cellspacing="0" cellpadding="0" border="1"> <tbody><tr><th class="table-description"><b><br type="_moz"> </b></th> <th class="table-description"><b>Item</b></th> <th class="table-description"><b>Mainland China</b></th> <th class="table-description"><b>Hong Kong</b></th> <th class="table-description"><b>Taiwan</b></th> </tr><tr><td><b>1</b></td> <td>Investments</td> <td>59</td> <td>58</td> <td>50</td> </tr><tr><td><b>2</b></td> <td>International Travel</td> <td>53</td> <td>55</td> <td>41</td> </tr><tr><td><b>3</b></td> <td>Consumer Electronics</td> <td>51</td> <td>28</td> <td>31</td> </tr><tr><td><b>4</b></td> <td>Renovation</td> <td>48</td> <td>39</td> <td>43</td> </tr><tr><td><b>5</b></td> <td>Major Appliances</td> <td>27</td> <td>20</td> <td>16</td> </tr><tr><td><b>6</b></td> <td>Retirement</td> <td>26</td> <td>60</td> <td>51</td> </tr><tr><td><b>7</b></td> <td>Car/Motorcycle</td> <td>22</td> <td>12</td> <td>19</td> </tr></tbody></table> <p>Across Greater China, 95% of Mainland Chinese expressed confidence in their ability to personally manage their daily finances, compared to respondents in Taiwan (92%) and Hong Kong (88%). Mainland China (35%), for instance, has the highest proportion of respondents currently using mobile applications to manage their money, with Hong Kong (22%) and Taiwan (15%) trailing close behind.&nbsp;</p> <p>Moreover, Mainland Chinese are generally highly involved in investment decision making, with 83% regularly monitoring their investments and the same proportion of respondents comparing information prior to purchasing a financial product.</p> <p>“According to the latest survey, respondents across Greater China are taking a prudent financial approach by regularly monitoring their expenditures, savings and investments. We have also found an interesting fact that international travel has become one of the main reasons for Mainland Chinese consumers to save regularly,” said <b><a href="http://newsroom.mastercard.com/people/lhai/" target="_blank">Ling Hai</a>,</b> Division President, Greater China, MasterCard Worldwide. “To step into consumers’ shoes, we have taken a proactive approach. We recently collaborated with several major Chinese banks to introduce new card offers to make payments simpler, smarter and safer for our customers traveling or studying overseas. To name a few: <a href="http://www.icbc.com.cn/ICBC/Bank%20Card/Introduction/CreditCard/ICBCMultiCurrencyCreditCard/" target="_blank"><b>ICBC Multi-Currency Credit Card</b>,</a> China Everbright Bank Euro MasterCard and the <a href="https://www.citibank.com.cn/ICARD/minisite/index.html" target="_blank"><b>Citibank’s PremierMiles card</b></a>.”</p> Additional findings from the MasterCard survey on Consumer Purchasing Priorities – Money Management include:<ul> <li>Most Mainland Chinese respondents are willing to plan their finances, as nine out of 10 respondents believe that individuals should regularly save a portion of their monthly income. More than eight out of 10 respondents also believe that it is never too early to have a financial plan, and that they should take out insurance to be prepared for the unexpected.&nbsp; </li> <li>Mainland Chinese consumers spent an average of 39% of their income on household expenses. In contrast, consumers in Taiwan and Hong Kong spent 44% and 37%, respectively.</li> <li>On average, Mainland Chinese respondents believe that they can retire with sufficient financial means at 54 years old, while Hong Kong and Taiwanese respondents indicate they can retire at 62 years old and 59 years old, respectively.&nbsp;</li> </ul> <p>The latest survey, which was conducted from the end of April to early June, 2012, involved 11,376 consumers from 25 markets with 845 respondents in China, 421 in Taiwan and 409 in Hong Kong. Data was collected via online surveys, face-to-face, and Computer Assisted Telephone interviews, with the questionnaire translated to the local language wherever appropriate and necessary. <i>The Index and its accompanying reports do not represent MasterCard financial performance.</i></p> MasterCard and its Suite of Research Properties<p>The MasterCard Worldwide Index suite in Asia/Pacific, Middle East and Africa includes the long-running MasterCard Worldwide Index of Consumer Confidence, as well as the&nbsp;MasterCard Worldwide Index of Women’s Advancement, Online Shopping,&nbsp;Index of Financial Literacy, and the&nbsp;<a href="http://newsroom.mastercard.com/digital-press-kits/mastercard-global-destination-cities-index-2013/" target="_blank"><b>Index of Global Destination Cities</b></a>. In addition to the Indices, MasterCard’s research properties also include a range of consumer surveys including Ethical Spending&nbsp;and a series on&nbsp;Consumer Purchasing Priorities&nbsp;(covering&nbsp;Travel,&nbsp;Dining &amp; Entertainment, Education,&nbsp;Money Management,&nbsp;Luxury&nbsp;and General Shopping).</p> <p>MasterCard also regularly releases Insights reports providing analysis of business dynamics, financial policies and regulatory activities in the Asia/Pacific, Middle East and Africa region. Over 80 Insights reports have been produced since 2004.</p> <p>MasterCard has also released a series of four books on Asian consumer insights, authored by&nbsp;<a href="http://newsroom.mastercard.com/people/dyuwa/" target="_blank"><b>Dr. Yuwa Hedrick-Wong</b></a>, Global Economic Advisor for MasterCard Worldwide and published by John Wiley &amp; Sons.</p> About MasterCard Worldwide<p><a href="http://www.mastercard.com/index.html" target="_blank"><b>MasterCard</b></a>&nbsp;(NYSE: MA),&nbsp;<a href="http://www.mastercard.com/" target="_blank"><b>www.mastercard.com</b></a>,<b>&nbsp;</b>is a technology company in the global payments industry. We operate&nbsp;the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard’s products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter <a href="https://twitter.com/#!/MasterCardNews" target="_blank"><b>@MasterCardNews</b></a><b>,&nbsp;</b>join the discussion on the&nbsp;<a href="http://newsroom.mastercard.com/blog/" target="_blank"><b>Cashless Conversations Blog</b></a>&nbsp;and&nbsp;<a href="http://newsroom.mastercard.com/subscribe/" target="_blank"><b>subscribe</b></a>&nbsp;for the latest <a href="http://newsroom.mastercard.com/" target="_blank"><b>news</b></a>.</p> <p>For more information on the latest MasterCard activities and promotions, log on to the official MasterCard Weibo site at:&nbsp; <a href="http://weibo.com/mastercardchina"><b>http://weibo.com/mastercardchina</b></a></p> <p style="text-align: center;"># # #</p> Contacts:<p>Huanyu Wu<br> MasterCard Worldwide<br> <a href="mailto:huanyu_wu@mastercard.com">huanyu_wu@mastercard.com</a><br> (86-10) 8519 9304</p> <p>Coco Xiaoyi Ji<br> Weber Shandwick Worldwide<br> <a href="mailto:CJI@webershandwick.com">CJI@webershandwick.com</a><br> (86-10) 8569-9959 / (86-10) 8569-9926<i></i></p> According to the latest MasterCard survey on Consumer Purchasing Priorities – Money Management, eight out of ten Mainland Chinese consumers plan on saving the same amount or more in the next six months for precautionary purposes, which is similar to the proportion of consumers in Taiwan (79%) and Hong Kong (71%).http://www1.mastercard.com/content/intelligence/en/research/press-release/2012/chinese-consumers-remain-fiscally-conservative--mastercard-surve2012-11-15T16:00:00.000Z2012-11-15T16:00:00.000ZNigerians Remain Committed to Saving for their Future, MasterCard Survey Reveals Ejura AuduNigerians Remain Committed to Saving for their Future, MasterCard Survey Reveals <p><b><i>Lagos, 25 October 2012</i></b> – Results of the latest <i>MasterCard Worldwide Survey on Consumer Purchasing Priorities - Money Management</i> has revealed that Nigerians continue to understand the importance of saving their money, with 95% of respondents committing to increasing their savings in the following six months.</p> <p>Compared to the previous year’s results, this latest finding represents an 8% increase on the 87% of respondents who had similarly committed to increasing their savings in 2011.</p> <p>Now in its second year in Nigeria, the <i>MasterCard Worldwide Survey on Consumer Purchasing Priorities – Money Management </i>includes a series of questions that investigates respondents’ financial planning over the course of the following six months and seeks to determine levels of basic money management skills in terms of budgeting and savings.</p> <p>The most recent survey was conducted between 24 April and 10 June 2012, and involved 11,376 respondents aged 18 to 64 across 25 markets spanning the Asia Pacific, Middle East and Africa regions. On the African continent, the survey was conducted in Egypt, Kenya, Morocco, Nigeria and South Africa.<sup>[<a href="#1">1</a>]</sup> <i>The Index and its accompanying reports do not represent MasterCard financial performance.</i></p> <p>When respondents were questioned about their primary reason for wanting to increase their rate of saving over the subsequent six months, 84% indicated that they were wary of the impact that global economic events may have on the Nigerian market and they felt they needed to prepare for unforeseen emergency expenditure.</p> <p>The survey established that a significant 95% of respondents believed that they should regularly save a portion of their monthly income. The allocation of their total salaries that they intended to save in the following six months was diverse, with 26% saving one-tenth or less, half of all respondents saving between 11-30%, and 11% saving more than one third of their salaries.</p> <p>“It is clear that Nigerians understand the importance of setting a portion of their monthly income aside,” says Omokehinde Ojomuyide, country manager, West Africa, MasterCard Worldwide. “In fact, it is one of the most important and necessary actions that any Nigerian can take to ensure their financial security.”</p> <p>The Central Bank of Nigeria (CBN) has emphasized this with its National Financial Inclusion Strategy, through which it <a href="http://www.thisdaylive.com/articles/cbn-targets-63m-savings-accounts-by-2020/115569/" target="_blank"><b>aims to achieve a total number of 63 million users of banks’ savings account products by 2020</b></a>, from the 21 million accounts that were active last year.</p> <p>Ojomuyide adds that investments, retirement planning, and buying or upgrading a property, were the most popular reasons for saving, with a large percentage of Nigerians saving for more than one purpose.</p> <p>Reinforcing the positive results around savings were the facts that 94% of respondents believed it was never too early to have a financial plan and 81% agreed financial planning was not just for the rich.</p> <p>However, the survey revealed that while large numbers of Nigerians understand the importance of planning and saving for their retirement years, and are setting money aside for that purpose, only 37% of respondents have calculated the total amount that they would need to retire to maintain their lifestyle when the time comes for them to stop working.</p> <p>“Many people think that saving for retirement is something that can be postponed for action later in life,” says Ojomuyide. “However, one of the first steps to take towards financial independence is making adequate preparations for when a person is no longer working, whether this retirement is by choice or from ill health – and the advice of a qualified and experienced financial planner will help Nigerians take the necessary steps to provide for their future.”</p> <p>The survey also indicated that Nigerians manage their money carefully and effectively. 94% believe that they have the ability and understanding to budget their day-day finances, 78% track their spending on a weekly basis and 83% regularly monitor the progress of their investments.</p> <p>“Even though the survey shows that Nigerians lag with planning for their retirement, it reveals that they understand the importance of budgeting and saving, and more importantly, they are taking steps to include these activities in their daily lives,” Ojomuyide says. “It is this awareness of personal finances, and the knowledge of how to manage money, that will help Nigerians embrace the CBN’s National Financial Inclusion Strategy and its Cashless Policy.”</p> <p>“Understanding the importance of managing money beyond immediate daily needs is the first step towards owning a bank account, which then opens up the benefits of broader financial inclusion,” she says. “This in turn makes the appeal of a cashless economy even more clear, as the dangers and inconvenience of cash are eliminated, and electronic payments are increasingly embraced.</p> <p>“MasterCard is working closely with government, financial institutions and merchants to make the CBN’s goals for a financially secure Nigeria reality, by making it easy, safer and more convenient for Nigerians of all income groups to put their savings to good use,” she concludes.</p> <p><b><i>#ENDS#</i></b></p> <p><b><i></i></b><i>[<a name="1"></a>1]&nbsp;<b>Asia Pacific</b>: Australia, China, Hong Kong, India, Indonesia, Japan, South Korea, Malaysia, New Zealand, Phillipines, Singapore, Taiwan, Thailand and Vietnam. <b>Middle East</b>, Kuwait, Lebanon, Qatar, Saudi Arabia, United Arab Emirates. <b>Africa: </b>Egypt<b>, </b>Kenya, Morocco, Nigeria, South Africa</i></p> <p></p> <p></p> MasterCard and its Suite of Research Properties<p>The MasterCard Worldwide Index suite in Asia/Pacific, Middle East and Africa includes the long-running MasterCard Worldwide Index of Consumer Confidence, as well as the&nbsp;MasterCard Worldwide Index of Women’s Advancement, Online Shopping,&nbsp;Index of Financial Literacy, and the&nbsp;<a href="http://newsroom.mastercard.com/digital-press-kits/mastercard-global-destination-cities-index-2013/" target="_blank"><b>Index of Global Destination Cities</b></a>. In addition to the Indices, MasterCard’s research properties also include a range of consumer surveys including Ethical Spending&nbsp;and a series on&nbsp;Consumer Purchasing Priorities&nbsp;(covering&nbsp;Travel,&nbsp;Dining &amp; Entertainment, Education,&nbsp;Money Management,&nbsp;Luxury&nbsp;and General Shopping).</p> <p>MasterCard also regularly releases Insights reports providing analysis of business dynamics, financial policies and regulatory activities in the Asia/Pacific, Middle East and Africa region. Over 80 Insights reports have been produced since 2004.</p> About MasterCard Worldwide<p><a href="http://www.mastercard.com/index.html" target="_blank"><b>MasterCard</b></a>&nbsp;(NYSE: MA),&nbsp;<a href="http://www.mastercard.com/" target="_blank"><b>www.mastercard.com</b></a>,<b>&nbsp;</b>is a technology company in the global payments industry. We operate&nbsp;the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard’s products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter <a href="https://twitter.com/#!/MasterCardNews" target="_blank"><b>@MasterCardNews</b></a><b>,&nbsp;</b>join the discussion on the&nbsp;<a href="http://newsroom.mastercard.com/blog/" target="_blank"><b>Cashless Conversations Blog</b></a>&nbsp;and&nbsp;<a href="http://newsroom.mastercard.com/subscribe/" target="_blank"><b>subscribe</b></a>&nbsp;for the latest <a href="http://newsroom.mastercard.com/" target="_blank"><b>news</b></a>.</p> Contacts:<p>Ejura Audu,<br> <a href="mailto:ejura.audu@quadrantcompany.com">ejura.audu@quadrantcompany.com</a>,<br> +234 803 494 6244</p> The MasterCard Survey on Consumer Purchasing Priorities – Money Management provides valuable insights into consumers’ savings and expenditure behavior and their understanding of basic money management concepts, financial planning and investments.http://www1.mastercard.com/content/intelligence/en/research/press-release/2012/nigerians-remain-committed-to-saving-for-their-future--mastercar2012-10-24T16:00:00.000Z2012-10-24T16:00:00.000ZTaiwanese Consumers Remain Fiscally Conservative: MasterCard Survey Stephanie Yang, Claire Ke80% of Taiwanese Plan to Save the Same Amount or More in the Next Six Months<p><b><i>Taiwan</i></b><b><i>, </i></b><b><i>21</i></b><b><i> </i></b><b><i>November</i></b><b><i> 2012</i></b> – According to the latest <a href="http://newsroom.mastercard.com/asia-pacific/" target="_blank"><b>MasterCard</b></a> survey on Consumer Purchasing Priorities – Money Management, 79% of Taiwanese consumers plan on saving the same amount or more in the next six months for precautionary purposes, which is similar to the proportion of consumers in Mainland China (78%) and Hong Kong (71%).</p> <p>The latest survey shows that money management strategies are conservative throughout Greater China. For instance, consumers in Mainland China plan to save an average of 26% of their income in the next six months, followed closely by Taiwan (23%) and Hong Kong (21%).</p> <p>The survey on Taiwanese respondents showed that the number one reason for saving was for retirement (51%). The second reason for saving was for investment (50%), followed by buying or renovating a house (43%).</p> <p>Interestingly, while the majority of consumers in Hong Kong (60%) and Taiwan (51%) are setting aside a portion of their income for retirement, most respondents in Mainland China are saving for investments (59%).</p> Top 7 Reasons for Saving in Greater China<table width="402" cellspacing="0" cellpadding="0" border="1"> <tbody><tr><th class="table-description"><b><br type="_moz"> </b></th> <th class="table-description"><b>Item</b></th> <th class="table-description"><b>Taiwan</b></th> <th class="table-description"><b>Hong Kong</b></th> <th class="table-description"><b>Mainland China</b></th> </tr><tr><td><b>1</b></td> <td>Retirement</td> <td>51</td> <td>60</td> <td>26</td> </tr><tr><td><b>2</b></td> <td>Investments</td> <td>50</td> <td>58</td> <td>59</td> </tr><tr><td><b>3</b></td> <td>Buying/Renovating a House</td> <td>43</td> <td>39</td> <td>48</td> </tr><tr><td><b>4</b></td> <td>International Travel</td> <td>41</td> <td>55</td> <td>53</td> </tr><tr><td><b>5</b></td> <td>Consumer Electronics</td> <td>31</td> <td>28</td> <td>51</td> </tr><tr><td><b>6</b></td> <td>Car/Motorcycle</td> <td>19</td> <td>12</td> <td>22</td> </tr><tr><td><b>7</b></td> <td>Major Appliances</td> <td>16</td> <td>20</td> <td>27</td> </tr></tbody></table> <p>Across Greater China, 92% of Taiwanese respondents expressed confidence in their ability to personally manage their daily finances, compared to respondents in Mainland China (95%) and Hong Kong (88%). Moreover, Taiwanese are generally highly involved in investment decision making, with 77% regularly monitoring their investments and a similar proportion comparing product information prior to purchasing a financial product (81%). Respondents aged 30-64 years old tend to be more investment-savvy.</p> <p>The survey also found that that the penetration rate of mobile applications used to manage money in Taiwan is low, with only 15% currently using them, while Mainland China (35%) has the highest proportion, with Hong Kong (22%) trailing close behind.</p> <p>“The latest MasterCard survey indicates that Taiwanese consumers understand the importance of financial planning, budgeting, saving, comparing and monitoring developments in the financial environment. Taiwanese consumers also continue to show that they understand the importance of planning and saving for their retirement years and set money aside for that purpose,” said Julie Yang, head of Taiwan, MasterCard Worldwide. “To help consumers proactively monitor their expenditure and keep track of their purchases, MasterCard continues to provide a wide range of simple, smart and safe payment solutions for Taiwanese consumers.”</p> Additional findings from the MasterCard survey on Consumer Purchasing Priorities – Money Management include:<ul> <li>Most Taiwanese respondents are willing to plan their finances, as nine out of 10 respondents believe that individuals should regularly save a portion of their monthly income. More than nine out of 10 respondents also believe that it is never too early to have a financial plan, and that they should take out insurance to be prepared for the unexpected.&nbsp;</li> <li>Taiwanese consumers spent an average of 44% of their income on household expenses. In contrast, consumers in Mainland China and Hong Kong spent 39% and 37%, respectively.</li> <li>On average, Taiwanese respondents believe that they can retire with sufficient financial means at 59 years old; while Hong Kong and Mainland Chinese respondents indicate they can retire at 62 years old and 54 years old, respectively.&nbsp;</li> </ul> <p>The latest survey, which was conducted from the end of April to early June, 2012, involved 11,376 consumers from 25 markets with 845 respondents in China, 421 in Taiwan and 409 in Hong Kong. Data was collected via online surveys, face-to-face, and Computer Assisted Telephone interviews, with the questionnaire translated to the local language wherever appropriate and necessary. <i>The Index and its accompanying reports do not represent MasterCard financial performance.</i></p> MasterCard and its Suite of Research Properties<p>The MasterCard Worldwide Index suite in Asia/Pacific, Middle East and Africa includes the long-running MasterCard Worldwide Index of Consumer Confidence, as well as the&nbsp;MasterCard Worldwide Index of Women’s Advancement, Online Shopping,&nbsp;Index of Financial Literacy, and the&nbsp;<a href="http://newsroom.mastercard.com/digital-press-kits/mastercard-global-destination-cities-index-2013/" target="_blank"><b>Index of Global Destination Cities</b></a>. In addition to the Indices, MasterCard’s research properties also include a range of consumer surveys including Ethical Spending&nbsp;and a series on&nbsp;Consumer Purchasing Priorities&nbsp;(covering&nbsp;Travel,&nbsp;Dining &amp; Entertainment, Education,&nbsp;Money Management,&nbsp;Luxury&nbsp;and General Shopping).</p> <p>MasterCard also regularly releases Insights reports providing analysis of business dynamics, financial policies and regulatory activities in the Asia/Pacific, Middle East and Africa region. Over 80 Insights reports have been produced since 2004.</p> <p>MasterCard has also released a series of four books on Asian consumer insights, authored by&nbsp;<a href="http://newsroom.mastercard.com/people/dyuwa/" target="_blank"><b>Dr. Yuwa Hedrick-Wong</b></a>, Global Economic Advisor for MasterCard Worldwide and published by John Wiley &amp; Sons.</p> About MasterCard Worldwide<p><a href="http://www.mastercard.com/index.html" target="_blank"><b>MasterCard</b></a>&nbsp;(NYSE: MA),&nbsp;<a href="http://www.mastercard.com/" target="_blank"><b>www.mastercard.com</b></a>,<b>&nbsp;</b>is a technology company in the global payments industry. We operate&nbsp;the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard’s products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter <a href="https://twitter.com/#!/MasterCardNews" target="_blank"><b>@MasterCardNews</b></a><b>,&nbsp;</b>join the discussion on the&nbsp;<a href="http://newsroom.mastercard.com/blog/" target="_blank"><b>Cashless Conversations Blog</b></a>&nbsp;and&nbsp;<a href="http://newsroom.mastercard.com/subscribe/" target="_blank"><b>subscribe</b></a>&nbsp;for the latest <a href="http://newsroom.mastercard.com/" target="_blank"><b>news</b></a>.</p> Contacts:<p>Era Ogilvy Public Relations<br> Stephanie Yang <br> (886)2577-2100 Ext.602, <br> <a href="mailto:Stephaniehw.yang@eraogilvy.com">Stephaniehw.yang@eraogilvy.com</a></p> <p>Claire Ke <br> (886)2577-2100 Ext.609, <br> <a href="mailto:Clairelh.ke@eraogilvy.com">Clairelh.ke@eraogilvy.com</a></p> According to the latest MasterCard survey on Consumer Purchasing Priorities – Money Management, eight out of ten Mainland Chinese consumers plan on saving the same amount or more in the next six months for precautionary purposes, which is similar to the proportion of consumers in Taiwan (79%) and Hong Kong (71%).http://www1.mastercard.com/content/intelligence/en/research/press-release/2012/taiwanese-consumers-remain-fiscally-conservative--mastercard-sur2012-11-20T16:00:00.000Z2012-11-20T16:00:00.000ZThailand Tops the Tippers from Asia/Pacific region: MasterCard Research Georgette Tan, Robert O’BrienResearch on Purchasing Priorities Shows Which Countries Consistently Tip in Bars and Restaurants Revealing Diversity of Consumer Habits in the Region<p><b>Thailand, 26 July 2012</b> - Thai consumers are the most generous when it comes to tipping, according to research conducted across 14 Asia/Pacific markets by <a target="_blank" href="http://newsroom.mastercard.com/asia-pacific/"><b>MasterCard Worldwide</b></a>.</p> <p>The research is based on a survey conducted between 24 April 2012 and 10 June 2012 with 6904 respondents aged 18 – 64 in 14 Asia/Pacific <sup>[<a href="#1">1</a>]</sup> countries. Interviews were conducted via internet surveys, personal, telephone and Computer Aided Telephone interviews, with the questionnaire translated to the local language wherever appropriate and necessary. The survey findings are part of MasterCard’s suite of research into <b>Consumer Purchasing Priorities</b> in the Asia/Pacific region.</p> <p>A data visualization to accompany the findings can be found <a target="_blank" href="http://www-958.ibm.com/v/155562"><b>here</b></a>.</p> <p><i><a name="1"></a><a name="1"></a>[1] Australia, China, Hong Kong, India, Indonesia, Japan, Malaysia, New Zealand, Philippines, Singapore, South Korea, Taiwan, Thailand, Vietnam</i></p> <p></p> <p></p> <u>Asia/Pacific’s Consistent Tippers—Main Findings</u><ul> <li>Thailand topped the region overall with 89% of respondents claiming they would tip in a restaurant or bar, with more women (89%) and men (90%) than its regional counterparts.</li> <li>Philippines was a distant second with 75% overall (W: 78%, M: 71%) ahead of Hong Kong with 71% (W: 69%, M: 73%).</li> <li>Japan, South Korea and Taiwan propped up the table with only 3% of Japanese respondents happy to tip in restaurants, 13% of South Koreans and 17% of Taiwanese respondents.</li> </ul> <p>“The research indicates what a diverse set of markets make up the Asia/Pacific region; it is a truly remarkable mix of cultures and understanding them is a big challenge for global businesses. As a company we’re always looking to better understand our customers and their habits: this does give a useful look at how different these markets are,” said <a target="_blank" href="http://newsroom.mastercard.com/people/gtan/"><b>Georgette Tan</b></a>, group head, Communications, Asia/Pacific, Middle East and Africa, MasterCard Worldwide.</p> <p style="text-align: center;"><a href="/content/dam/intelligence/content-assets/ThailandTopstheTippers.jpg" target="_blank"><img width="320" height="251" src="/content/dam/intelligence/content-assets/ThailandTopstheTippers.jpg"></a></p> <u>Most Consistent Tippers in Asia/Pacific region</u><table width="407" cellspacing="0" cellpadding="0" border="1"> <tbody><tr><th class="table-description"><b>Country</b></th> <th class="table-description"><b>Overall (%)</b></th> <th class="table-description"><b>Women</b></th> <th class="table-description"><b>Men</b></th> </tr><tr><td>Asia Pacific</td> <td>41%</td> <td>39%</td> <td>43%</td> </tr><tr><td>Australia</td> <td>55%</td> <td>52%</td> <td>58%</td> </tr><tr><td>China</td> <td>28%</td> <td>25%</td> <td>30%</td> </tr><tr><td>Hong Kong</td> <td>71%</td> <td>69%</td> <td>73%</td> </tr><tr><td>India</td> <td>61%</td> <td>59%</td> <td>63%</td> </tr><tr><td>Indonesia</td> <td>40%</td> <td>44%</td> <td>36%</td> </tr><tr><td>Japan</td> <td>3%</td> <td>3%</td> <td>3%</td> </tr><tr><td>Malaysia</td> <td>40%</td> <td>32%</td> <td>46%</td> </tr><tr><td>New Zealand</td> <td>20%</td> <td>14%</td> <td>27%</td> </tr><tr><td>Philippines</td> <td>75%</td> <td>78%</td> <td>71%</td> </tr><tr><td>Singapore</td> <td>33%</td> <td>36%</td> <td>31%</td> </tr><tr><td>South Korea</td> <td>13%</td> <td>10%</td> <td>16%</td> </tr><tr><td>Taiwan</td> <td>17%</td> <td>14%</td> <td>20%</td> </tr><tr><td>Thailand</td> <td>89%</td> <td>89%</td> <td>90%</td> </tr><tr><td>Vietnam</td> <td>30%</td> <td>25%</td> <td>34%</td> </tr></tbody></table> The research is based on a survey conducted between 24 April 2012 and 10 June 2012 with 6904 respondents aged 18 – 64 in 14 Asia/Pacific countries. The survey findings are part of MasterCard’s suite of research into Consumer Purchasing Priorities in the Asia/Pacific region.http://www1.mastercard.com/content/intelligence/en/research/press-release/2012/thailand-tops-the-tippers-from-asia-pacific-region--mastercard-r2012-07-25T16:00:00.000Z2012-07-25T16:00:00.000ZMore Taiwanese Shop Online for Travel-Related Items: MasterCard Survey Jonathan SeidmanMore Taiwanese are Shopping Online via Mobile Phones<p><b><i>Taiwan</i></b><b><i>, </i></b><b><i>18</i></b><b><i> April 2012</i></b> – More Taiwanese are doing their travel-related shopping online, according to the latest MasterCard Worldwide Online Shopping Survey. The results show an increase in both online spending on hotels (up from 62% to 72%) and airline tickets (up from 59% to 66%), pointing to a growing trend in online versus offline travel shopping.</p> <p>The survey, which serves as a benchmark that measures consumers’ propensity to shop online, was conducted across 25 markets within Asia/Pacific, Middle East and Africa between 5 December 2011 and 6 February 2012. The report for Taiwan is based on 500 respondents who access the internet at least weekly. The data was weighted to the online population in each of those markets. Similar surveys were also carried out in China and Hong Kong. <i>The survey and its accompanying reports do not represent MasterCard’s financial performance.</i></p> <p></p> <p>The data showed that online shopping continues to be a strong trend in Taiwan, with 64% of respondents indicating that they use the internet for it. That puts the island ahead of Hong Kong (58%), but behind China (80%). Amongst those who shopped online, 82% said that they had made an online purchase in the last three months. This trend shows strong signs of continuing, with 79% of respondents saying they planned to shop online in the next six months.</p> <p></p> <p>In terms of proportion of money spent online vs. offline, mobile applications (85%), coupon deal sites (84%) and books/CDs/DVDs (81%) make up the top three categories of purchases made using the Internet. While airline tickets have the highest value of online spending, apps lead in terms of average absolute spending. The data also showed a strong increase in the percentage of respondents buying from supermarket/superstores online (up from 53% to 62%).</p> <p>“The survey results reveal that more consumers in Taiwan are purchasing travel-related items online, which reflects that travel remains attractive in spite of the weak and uncertain recovery of the global economy,&quot; said Julie Yang, head of Taiwan, MasterCard Worldwide. &quot;This also points to a growing adoption of shopping online for travel-related purchases for Taiwanese travelers. In order to better serve this group of cardholders, MasterCard will continue to foster a dynamic, secure, and convenient online payment environment that makes internet shopping enjoyable and hassle-free,” she added.&nbsp;&nbsp;</p> <p></p> Mobile Shopping<p>The MasterCard survey also pointed to a growing trend in the number of Taiwanese shopping via their mobile devices. Of the 66% of people in Taiwan who can access the internet via their mobile phones, 24% had made a mobile purchase in the past 3 months, up from 16% in 2010.</p> <p>The top three categories of items bought via mobile phone were coupon / deal sites, restaurants / home meal delivery, and retailers for clothing and accessories.&nbsp;</p> <p></p> Women in Taiwan Do More Online Shopping than Men<p>Notably, the survey uncovered that Taiwanese women (70%) go online to shop more than men (59%). Women were generally found to have a more positive attitude towards online shopping as compared to men, most thinking of it as being convenient and as a pastime activity. This shows that there is significant potential for growth in the online shopping market for men.</p> <p></p> Other Key Findings<p>The survey also showed that word of mouth and other online feedback mechanisms play a big role in increasing consumer confidence in the products they are buying online, with 73% of respondents saying that they read and consider online reviews before purchasing. Among those who have made a purchase in the last three months, 72% said that website user reviews would encourage them to shop online more.</p> <p></p> MasterCard and its Suite of Research Properties<p>The MasterCard Worldwide Index suite in Asia/Pacific, Middle East and Africa includes the long-running MasterCard Worldwide Index of Consumer Confidence, as well as the&nbsp;MasterCard Worldwide Index of Women’s Advancement, Online Shopping,&nbsp;Index of Financial Literacy, and the&nbsp;<a href="http://newsroom.mastercard.com/digital-press-kits/mastercard-global-destination-cities-index-2013/" target="_blank"><b>Index of Global Destination Cities</b></a>. In addition to the Indices, MasterCard’s research properties also include a range of consumer surveys including Ethical Spending&nbsp;and a series on&nbsp;Consumer Purchasing Priorities&nbsp;(covering&nbsp;Travel,&nbsp;Dining &amp; Entertainment, Education,&nbsp;Money Management,&nbsp;Luxury&nbsp;and General Shopping).</p> <p>MasterCard also regularly releases Insights reports providing analysis of business dynamics, financial policies and regulatory activities in the Asia/Pacific, Middle East and Africa region. Over 80 Insights reports have been produced since 2004.</p> <p>MasterCard has also released a series of four books on Asian consumer insights, authored by&nbsp;<a href="http://newsroom.mastercard.com/people/dyuwa/" target="_blank"><b>Dr. Yuwa Hedrick-Wong</b></a>, Global Economic Advisor for MasterCard Worldwide and published by John Wiley &amp; Sons.</p> <p><br type="_moz"> </p> <p></p> About Mastercard Worldwide<p><a href="http://www.mastercard.com/index.html" target="_blank"><b>MasterCard</b></a>&nbsp;(NYSE: MA),&nbsp;<a href="http://www.mastercard.com/" target="_blank"><b>www.mastercard.com</b></a>,<b>&nbsp;</b>is a technology company in the global payments industry. We operate&nbsp;the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard’s products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter <a href="https://twitter.com/#!/MasterCardNews" target="_blank"><b>@MasterCardNews</b></a><b>,&nbsp;</b>join the discussion on the&nbsp;<a href="http://newsroom.mastercard.com/blog/" target="_blank"><b>Cashless Conversations Blog</b></a>&nbsp;and&nbsp;<a href="http://newsroom.mastercard.com/subscribe/" target="_blank"><b>subscribe</b></a>&nbsp;for the latest <a href="http://newsroom.mastercard.com/" target="_blank"><b>news</b></a>.</p> Contacts:<p>Jonathan Seidman,<br> (886)2722-5799 Ext.124<br> <a href="mailto:JSeidman1@webershandwick.com">JSeidman1@webershandwick.com</a>&nbsp;&nbsp;<br> </p> The survey, which serves as a benchmark that measures consumers’ propensity to shop online, was conducted across 25 markets between 5 December 2011 and 6 February 2012. http://www1.mastercard.com/content/intelligence/en/research/press-release/2012/more-taiwanese-shop-online-for-travel-related-items2012-04-17T16:00:00.000Z2012-04-17T16:00:00.000ZEthical Shopping Across Asia/Pacific Remains Strong: MasterCard Survey Georgette Tan, Robert O’BrienSoutheast Asia Leads in Willingness to Pay More for Ethical Products; Japan Among Countries to Record a Rise of Charity Donations in 2011<p><b><i>Singapore, 17 February 2012</i></b> – Conscience shopping across Southeast Asia remains strong with a number of countries leading the region in purchasing products that are environmentally friendly and observe fair trade principles, according to the latest MasterCard survey on ethical spending.</p> <p>The survey was conducted via online interviews between 5 December 2011 and 6 January 2012 and involved 12,500 consumers from 25 markets across Asia/Pacific, Middle East and Africa.</p> <p>According to the survey Thailand, the Philippines, Vietnam, Indonesia and China have a greater willingness to pay more for items that are environmentally friendly, observe fair trade principles, or where a percentage of the item is donated to a good cause, as compared to their counterparts in New Zealand, Australia and Japan. However, between 2009 and 2011 the only increase in consumers willing to pay for a percentage of sale donated to a good cause was South Korea (7%), while drops were recorded in China (-25%), Taiwan (-19%), Japan (-18%), Hong Kong (-15%) and Singapore (-11%).</p> <p>“The latest MasterCard survey demonstrates that consumers are conscious and wary of the current economic climate, and they continue to display a sense of responsibility about the products they are purchasing,” said <a href="http://newsroom.mastercard.com/people/gtan/" target="_blank"><b>Georgette Tan</b>,</a> group head, Communications, Asia/Pacific, Middle East and Africa, MasterCard Worldwide.</p> <p>“Through initiatives such as <a href="http://www.mastercard.com/us/company/en/corporategiving/purchase_with_a_purpose_campaign.html" target="_blank"><b>MasterCard® Purchase with Purpose™</b>,</a> MasterCard’s social responsibility and citizenship efforts across the Asia/Pacific, Middle East and Africa region, we are actively encouraging shoppers to think before they buy. Through Purchase with Purpose consumers can give back to communities when they use their MasterCard cards; this is at the heart of a drive by MasterCard to encourage responsible spending and to make a difference to someone else's life.”</p> <p>Shoppers were also less willing to pay for environmentally friendly products in 2011 when compared with 2009, with Japan (-26%), China (-23%) and Hong Kong (-19%) all showing less inclination towards eco-shopping. Taiwan in particular went from 71% of respondents in 2009 saying they would purchase items because they are environmentally friendly to 40% in 2011.</p> <p>South Korea (18%) recorded the largest rise for willingness to pay for items based on fair trade principles, with Thailand (4%) the only other country to see an overall increase since 2009. Thailand (94%) consistently continues to have the highest proportion of respondents who based their purchases on fair trade principles, above China (88%) and Indonesia (87%), with Australia (37%) and New Zealand (36%) ranked lowest.</p> <p>Japan, which was impacted heavily by <a href="http://newsroom.mastercard.com/press-releases/mastercard-worldwide-waives-fees-on-donations-to-japanese-aid-efforts/" target="_blank"><b>natural disasters</b></a> in 2011, saw a rise in terms of charity <a href="http://newsroom.mastercard.com/2011/10/26/local-charities-making-a-big-difference-in-japan/" target="_blank">donations</a> – 42% indicating they were contributing to a charity as opposed to 20% in 2010. In addition, 35% said they were contributing more to charity this year compared with 2010. Thailand, which was affected by recent flooding, also shows more willingness to donate with 31% saying they would contribute more this year than last year.</p> <p>Socially responsible merchants are a big draw for respondents in the Philippines (76%), Indonesia (76%), Vietnam (78%) and Thailand (82%), when making purchases. However, this is less so for respondents in Hong Kong (45%), Japan (39%), and South Korea (46%).</p> <p>Amongst those surveyed, affinity towards social organizations that deal with children’s health and education appeared to be the strongest for respondents across Asia Pacific, and environmental organizations have risen in importance in many of the markets in the region. In emerging markets, affinity towards social organizations that deal with poverty/starvation remain highly important.</p> About MasterCard Worldwide<p><a href="http://www.mastercard.com/index.html" target="_blank"><b>MasterCard</b></a>&nbsp;(NYSE: MA),&nbsp;<a href="http://www.mastercard.com/" target="_blank"><b>www.mastercard.com</b></a>,<b>&nbsp;</b>is a technology company in the global payments industry. We operate&nbsp;the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard’s products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter <a href="https://twitter.com/#!/MasterCardNews" target="_blank"><b>@MasterCardNews</b></a><b>,&nbsp;</b>join the discussion on the&nbsp;<a href="http://newsroom.mastercard.com/blog/" target="_blank"><b>Cashless Conversations Blog</b></a>&nbsp;and&nbsp;<a href="http://newsroom.mastercard.com/subscribe/" target="_blank"><b>subscribe</b></a>&nbsp;for the latest <a href="http://newsroom.mastercard.com/" target="_blank"><b>news</b></a>.</p> Contacts:<p>Georgette Tan,<br> MasterCard Worldwide,<br> <a href="mailto:georgette_tan@mastercard.com">georgette_tan@mastercard.com</a>,<br> (65) 6390-5971</p> <p>Rob O’Brien, <br> Weber Shandwick, <br> <a href="mailto:robrien@webershandwick.com">robrien@webershandwick.com</a><br> (65) 6825 8064</p> The survey was conducted via online interviews between 5 December 2011 and 6 January 2012 and involved 12,500 consumers from 25 markets across Asia/Pacific, Middle East and Africahttp://www1.mastercard.com/content/intelligence/en/research/press-release/2012/ethical-shopping-across-asia-pacific-remains-strong--mastercard-2012-02-16T16:00:00.000Z2012-02-16T16:00:00.000ZBusiness and Leisure Travel in China Poised for Further Growth: MasterCard Survey Huanyu Wu, Tang Fei Over 80% of Respondents in Mainland China Plan to Travel as Much or More Frequently in the Next 12 Months<p><b><i>Beijing, September 1</i></b><b><i>8</i></b><b><i>, 201</i></b><b><i>2</i></b> – According to findings from the latest <b><a href="http://newsroom.mastercard.com/asia-pacific/" target="_blank">MasterCard</a> </b>survey on Consumer Purchasing Priorities – Travel, respondents from Mainland China expressed their desire to travel as much or more regularly in the coming year, both for leisure (85%) and business (80%).&nbsp;</p> <p>Across Greater China, Mainland Chinese consumers demonstrate a discernibly higher likelihood of travelling as much as or more frequently than before, compared with Hong Kong (82% for leisure; 66% for business) and Taiwan (61% for leisure; 60% for business) consumers.&nbsp;</p> <p>The latest survey, which was conducted from the end of April to early June, 2012, involved 11,376 consumers from 25 markets<a name="_Ref304300966"></a><sup>[<a href="#1">1</a>]</sup>. Data was collected via online surveys, face-to-face, and Computer Assisted Telephone interviews, with the questionnaire translated to the local language wherever appropriate and necessary. <i>The Index and its accompanying reports do not represent MasterCard financial performance</i></p> <p><i></i>According to the survey, international travel among Chinese consumers has become&nbsp;&nbsp; prevalent: 67% of respondents traveled overseas in the past 12 months for leisure, and 49% traveled abroad for business purposes. The survey also revealed that most respondents in Mainland China made at least one trip in the last 12 months, with 95% having traveled domestically for leisure and 74% for business domestically.</p> <p>Airlines remained the preferred mode of transport (77%) for those traveling domestically. When traveling by plane, more than 80% of respondents opted to fly with national airlines, while only 25% travelled by international carriers and 16% by budget carriers.&nbsp;</p> <p>Interestingly, 51% of the respondents made domestic trips by car versus 31% last year, perhaps reflecting the growing popularity of Free-Independent-Travelers (FIT) amongst the Chinese.</p> <p></p> <p></p> <p><i><b><a name="1"></a><a name="1"></a>[1]</b></i><i> Asia-Pacific: Australia, New Zealand, China, Hong Kong, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, Vietnam</i></p> <p><i>Middle East: Egypt, Kuwait, Lebanon, Oman, Qatar, Saudi Arabia, United Arab Emirates</i></p> <p><i>Africa: Kenya, Morocco, Nigeria, South Africa</i></p> <p></p> <p></p> Most Mainland Chinese Prefer Using Credit Cards to Pay for Travel Expenses<p>Overall, respondents in Mainland China said they prefer to use credit cards over cash and debit or ATM cards when paying for accommodation (69%), transportation (56%) and other expenses over US$100 (72%). On the other hand, when making purchases below US$100, respondents demonstrated an equal likelihood of using credit card and cash.&nbsp; This is a far cry from a year ago, where most consumers from Mainland China used cash when travelling. 69% of travelers, for example, now pay for accommodation with credit cards, up from 32% last year; while 56% pay for transportation with credit cards compared with just 20% last year.</p> <p>According to the survey, respondents in the 30-44 years age group are likely to use credit cards more frequently than younger consumers in the 18-24 years age group when traveling. For instance, 79% of respondents from the 30-44 years age group paid for accommodation with credit cards, compared with 31% of respondents from the younger age group.</p> <p>“It is no surprise that more Chinese consumers are traveling domestically or heading overseas for vacation, but along with this trend, we are also seeing a paradigm shift in the spending habits of Chinese travelers, who now prefer using credit cards for its added security and convenience,” said <a href="http://newsroom.mastercard.com/people/lhai/" target="_blank"><b>Ling Hai</b></a>, Division President, Greater China,&nbsp; MasterCard Worldwide.&nbsp; “To address this growing trend, MasterCard has introduced a host of travel products such as dual-currency credit cards and the Travelex Cash Passport designed with the Chinese traveler in mind.”&nbsp;</p> <p></p> Japan Ranks among the Top Three Destinations by Respondents across Greater China <p>Travel between markets in the Greater China region remains strong, with Hong Kong and Taiwanese travelers favoring Mainland China as a choice travel destination. Neighboring Japan was rated among the top three destinations by respondents throughout Greater China.</p> <p>Also topping the list of popular international destinations for Mainland Chinese travelers are Hong Kong, Australia, France and South Korea, while the domestic destinations most favored by the Chinese are Chengdu and Guilin.</p> <p></p> Most Popular Destinations for Mainland Chinese Travelers<table border="1" cellspacing="0" cellpadding="0"> <tbody><tr><th class="table-description"><b><br type="_moz"> </b></th> <th class="table-description" colspan="2"><b>International (%)</b></th> <th class="table-description" colspan="2"><b>Domestic (%)</b></th> </tr><tr><th class="table-description"><b><br type="_moz"> </b></th> <th class="table-description" colspan="4">Base (n=739)</th> </tr><tr><td><b>1</b></td> <td>Hong Kong</td> <td>60</td> <td>Chengdu</td> <td>31</td> </tr><tr><td><b>2</b></td> <td>Australia</td> <td>45</td> <td>Guilin</td> <td>26</td> </tr><tr><td><b>3</b></td> <td>Japan</td> <td>42</td> <td>Dali</td> <td>25</td> </tr><tr><td><b>4</b></td> <td>France</td> <td>35</td> <td>Chongqing</td> <td>22</td> </tr><tr><td><b>5</b></td> <td>South Korea</td> <td>33</td> <td>Hangzhou</td> <td>21</td> </tr><tr><td><b>6</b></td> <td>Singapore</td> <td>31</td> <td>Sanya</td> <td>19</td> </tr><tr><td><b>7</b></td> <td>USA</td> <td>31</td> <td>Lijiang</td> <td>18</td> </tr><tr><td><b>8</b></td> <td>Taiwan</td> <td>29</td> <td>Dalian</td> <td>17</td> </tr><tr><td><b>9</b></td> <td>Germany</td> <td>22</td> <td>Haikou</td> <td>15</td> </tr></tbody></table> Items Purchased at Airports<p>Over 90% of Mainland Chinese consumers traveling by air said they shopped at airport duty-free shops. The top five products purchased at airports are food and drinks (67%), cosmetics and personal care goods (61%), luxury goods (45%), books and magazines (42%) and electronic items (37%).</p> MasterCard and its Suite of Research Properties<p>The MasterCard Worldwide Index suite in Asia/Pacific, Middle East and Africa includes the long-running MasterCard Worldwide Index of Consumer Confidence, as well as the&nbsp;MasterCard Worldwide Index of Women’s Advancement, Online Shopping,&nbsp;Index of Financial Literacy, and the&nbsp;<a href="http://newsroom.mastercard.com/digital-press-kits/mastercard-global-destination-cities-index-2013/" target="_blank"><b>Index of Global Destination Cities</b></a>. In addition to the Indices, MasterCard’s research properties also include a range of consumer surveys including Ethical Spending&nbsp;and a series on&nbsp;Consumer Purchasing Priorities&nbsp;(covering&nbsp;Travel,&nbsp;Dining &amp; Entertainment, Education,&nbsp;Money Management,&nbsp;Luxury&nbsp;and General Shopping).</p> <p>MasterCard also regularly releases Insights reports providing analysis of business dynamics, financial policies and regulatory activities in the Asia/Pacific, Middle East and Africa region. Over 80 Insights reports have been produced since 2004.</p> <p>MasterCard has also released a series of four books on Asian consumer insights, authored by&nbsp;<a href="http://newsroom.mastercard.com/people/dyuwa/" target="_blank"><b>Dr. Yuwa Hedrick-Wong</b></a>, Global Economic Advisor for MasterCard Worldwide and published by John Wiley &amp; Sons.</p> About MasterCard Worldwide<p><b><a href="http://www.mastercard.com/index.html" target="_blank">MasterCard</a></b> (NYSE: MA), <b><a href="http://www.mastercard.com/" target="_blank">www.mastercard.com</a></b>, is a global payments and technology company. It operates the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard’s products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter <b><a href="https://twitter.com/#!/MasterCardNews" target="_blank">@mastercardnews</a></b>, join the conversation on <b><a href="http://newsroom.mastercard.com/blog/" target="_blank">Cashless Conversations Blog</a></b> and <a href="http://newsroom.mastercard.com/subscribe/" target="_blank"><b>subscribe</b></a> for the latest <a href="http://newsroom.mastercard.com/" target="_blank"><b>news</b></a>.</p> <p>For more information on the latest MasterCard activities and promotions, log on to the official MasterCard Weibo site at:&nbsp; <a href="http://weibo.com/mastercardchina" target="_blank"><b>http://weibo.com/mastercardchina</b></a></p> <p></p> Contacts:<p>Huanyu Wu<br> MasterCard Worldwide<br> <a href="mailto:huanyu_wu@mastercard.com">huanyu_wu@mastercard.com</a><br> (86-10) 8519 9304<br> <br type="_moz"> Tang Fei<br> Weber Shandwick Worldwide<br> <a href="mailto:ftang@webershandwick.com">ftang@webershandwick.com</a><br> (86-10) 8569-9979 / (86-10) 8569-9926<i></i></p> <p></p> According to findings from the latest MasterCard survey on Consumer Purchasing Priorities – Travel, respondents from Mainland China expressed their desire to travel as much or more regularly in the coming year, both for leisure (85%) and business (80%). http://www1.mastercard.com/content/intelligence/en/research/press-release/2012/business-and-leisure-travel-in-china-poised-for-further-growth-mastercard-survey2012-09-17T16:00:00.000Z2012-09-17T16:00:00.000ZTaiwan and New Zealand Top Asia/Pacific Region on Financial Literacy: MasterCard Survey Georgette Tan, Robert O’BrienResearch on Day-to-day Financial Planning Led by Mature Markets; Women in Emerging Markets Fare Better than Men on Basic Money Management<p><br> </p> <p><b><i>Singapore, 18 July 2012</i></b> – People in mature markets may prove to be better financial planners overall but it is women in emerging markets who remain dominant when it comes to basic money management, according to <b><a href="http://newsroom.mastercard.com/asia-pacific/" target="_blank">MasterCard</a>&nbsp;</b>research.<br> </p> <p>The MasterCard Worldwide Index of Financial Literacy is based on a survey conducted between 24 April 2012 and 10 June 2012 with 6904 respondents aged 18 – 64 in 14 Asia/Pacific<sup><a name="_ftnref1" href="#_ftn1"></a>[<a href="#1">1]</a></sup> countries. This is the 3rd survey of Financial Literacy conducted since 2010. The survey polled consumers on three aspects of financial literacy including their basic money management skills, investment knowledge and financial planning to determine the level of basic money management skills in terms of budgeting, savings, and responsibility of credit usage. <i>The survey and its accompanying reports do not represent MasterCard financial performance.</i></p> <p>In terms of overall financial literacy, Taiwan and New Zealand tied for first place with a score of 73 index points each, with Taiwan jumping up from 5<sup>th</sup> rank in 2010. Following close behind with 71 index points each are Hong Kong, Australia and Singapore. Notably, Hong Kong jumped up from 6<sup>th</sup> position <a href="http://www.masterintelligence.com/ViewInsights.jsp?hidReportTypeId=1&amp;hidReport=263&amp;hidSectionId=189&amp;hidUserId=null"><b>when the survey was conducted in 2010</b></a>. Thailand, first in the region two years ago, fell 10 rankings to 11<sup>th</sup> in 2012 with 65 index points. Japan and India ranked at the bottom of the financial literacy rankings with 60 index points each.</p> <p>New Zealanders (77%) fared the best when asked about basic money management skills such as day-to-day budgeting, keeping up with bills, credit commitments and setting money aside for big purchases, followed by Australia in 2<sup>nd</sup> (75%) and Hong Kong (72%) moving up one spot from 4<sup>th</sup> in 2010 to 3<sup>rd</sup> in 2012.</p> <p>Hong Kong (68%), Taiwan (67%) and China (65%) topped the investment component of the research. More respondents in these markets understood their bank statements and complex investment concepts such as diversification and inflation.</p> <p>Women showed slightly better scores than men&nbsp; in Asia/Pacific’s emerging markets with Philippines leading the region with financial literacy scores that were 9% better than men’s, followed by Vietnam (6%) and Malaysia (5%).</p> <p>Koreans proved to have the region’s most improved scores for financial planning (83%) up 12 places from the 2010 survey. Survey respondents from Taiwan (83%) and Vietnam (82%) also saved more regularly and were better prepared than their regional counterparts when it came to retirement preparations and emergency savings.</p> <p>In mature markets, respondents over 30 years of age appeared to score higher in financial literacy compared to their counterparts under the age of 30. This was especially seen in markets like New Zealand (76% vs. 65%), Australia (74% vs. 64%) and Taiwan (74% vs. 70%) where respondents over 30 years old were clearly leading the pack.</p> <p><a href="http://newsroom.mastercard.com/people/gtan/" target="_blank"><b>Georgette Tan</b></a>, group head, Communications, Asia/Pacific, Middle East &amp; Africa, MasterCard Worldwide, said: “Overall the MasterCard Worldwide Index of Financial Literacy paints a promising picture of financial understanding across the region. Households in Asia/Pacific are clearly taking responsibility when it comes to day-to-day financial planning, and it’s interesting to note that a growing proportion of women are taking the lead in financial matters. Notably, women in emerging markets continue to exhibit strong money management skills and this is a very encouraging sign.”<br> </p> <p style="text-align: center;"><a target="_blank" href="/content/dam/intelligence/content-assets/TaiwanNewZealandFinancialLiteracy.jpg"><img width="340" height="227" src="/content/dam/intelligence/content-assets/TaiwanNewZealandFinancialLiteracy.jpg"></a></p> <p></p> <p></p> <p><i><a name="_ftn1" href="#_ftnref1"></a>[1<a name="1"></a>] Australia, China, Hong Kong, India, Indonesia, Japan, Malaysia, New Zealand, Philippines, Singapore, South Korea, Taiwan, Thailand, Vietnam</i></p> <p></p> <p></p> Methodology<p>The Index is based on a survey of consumers from 25 markets across APMEA and comprises questions covering three major components:</p> <ul> <li>Basic Money Management (50% weight): To determine the level of basic money management skills in terms of budgeting, savings, and responsibility of credit usage.</li> <li>Financial Planning (30% weight): To assess level of knowledge about financial products, services, and concepts, and ability to plan for long-term financial needs.</li> <li>Investment (20% weight): To determine basic understanding of the various risks associated with investment, different investment products and skills required.</li> </ul> <p>A Financial Literacy Index Score for each market was calculated out of the weighted sum of the 3 components.</p> <p>Regional Aggregates are calculated via the average of the individual country components before applying the weights described above.<br> </p> <p>Interviews for the MasterCard Worldwide Financial Literacy Index were conducted via internet surveys, personal, telephone and Computer Aided Telephone interviews, with the questionnaire translated to the local language wherever appropriate and necessary.</p> About MasterCard Worldwide<p><a href="http://www.mastercard.com/index.html" target="_blank"><b>MasterCard</b></a>&nbsp;(NYSE: MA),&nbsp;<a href="http://www.mastercard.com/" target="_blank"><b>www.mastercard.com</b></a>,<b>&nbsp;</b>is a technology company in the global payments industry. We operate&nbsp;the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard’s products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter <a href="https://twitter.com/#!/MasterCardNews" target="_blank"><b>@MasterCardNews</b></a><b>,&nbsp;</b>join the discussion on the&nbsp;<a href="http://newsroom.mastercard.com/blog/" target="_blank"><b>Cashless Conversations Blog</b></a>&nbsp;and&nbsp;<a href="http://newsroom.mastercard.com/subscribe/" target="_blank"><b>subscribe</b></a>&nbsp;for the latest <a href="http://newsroom.mastercard.com/" target="_blank"><b>news</b></a>.</p> Contacts:<p>Georgette Tan,<br> MasterCard Worldwide,<br> <a href="mailto:georgette_tan@mastercard.com">georgette_tan@mastercard.com</a>,<br> (65) 6390-5971</p> <p>Rob O’Brien, <br> Weber Shandwick,<br> <a href="mailto:robrien@webershandwick.com">robrien@webershandwick.com</a><br> (65) 6825 8064</p> The MasterCard Worldwide Index of Financial Literacy is based on a survey conducted between 24 April 2012 and 10 June 2012 with 6904 respondents aged 18 – 64 in 14 Asia/Pacific countries. This is the 3rd survey of Financial Literacy conducted since 2010.http://www1.mastercard.com/content/intelligence/en/research/press-release/2012/taiwan-and-new-zealand-top-asia-pacific-region-on-financial-lite2012-07-17T16:00:00.000Z2012-07-17T16:00:00.000ZHong Kong Tops Asia/Pacific Region for Leisure and Business Travel: MasterCard Survey Gloria Lai, Matthew Liu Hong Kong Tops Asia/Pacific Region for Leisure and Business Travel: MasterCard Survey<p><i>Majority Intend to Travel as Much or More Frequently Over the Next 12 months</i></p> <p><b><i>Hong Kong, 13 September 2012</i></b><i> </i>– While the summer holidays have only just passed, many Hongkongers already have their eyes on their next holiday in the coming year with top of mind destinations being China, Taiwan, Japan, South Korea and Singapore, a recent <a href="http://newsroom.mastercard.com/asia-pacific/" target="_blank"><b>MasterCard Worldwide</b></a> survey reveals. They are also one of the most eager to travel in the next 12 months and the most frequent leisure and business travelers across 14 markets in Asia/Pacific.</p> <p>The latest MasterCard survey on Consumer Purchasing Priorities – Travel was conducted between April and June 2012 and involved 6,904 consumers in 14 markets in Asia/Pacific<sup>[<a href="#1">1</a>]</sup>. Data collection was via internet surveys, personal, telephone and Computer Aided Telephone interviews, with the questionnaire translated to the local language wherever appropriate and necessary. <i>The Index and its accompanying reports do not represent MasterCard financial performance.</i></p> <p>With Hongkongers’ thirst for travel, the city sees a strong outlook in both leisure and business travel compared to other markets in the coming 12 months. The majority (82%) plan to travel for leisure as much as or more frequently than last year, higher than the 2011 survey (74%). The same applies for business travel, with 66% looking to travel as much as or more frequently than last year, compared to 51% in 2011.</p> <p>In Asia/Pacific, Hongkongers ranked second and third respectively in their intention to travel for leisure and business as much as or more frequently than last year, behind China (leisure travel 85%, business travel 80%) which ranked first in both segments, but ahead of Taiwan (leisure travel 61%, business travel 60%) and the regional average (leisure travel 60%, business travel 45%).</p> <p>With their eagerness to travel, it’s no wonder passionate Hong Kong travelers top both the leisure and business travel mileage chart in the past 12 months in Asia/Pacific. Hong Kong leads the region with the highest percentage of leisure (85%) and business (51%) travelers who made international trips, ahead of China (leisure travel 67%, business travel 49%), Taiwan (leisure travel 53%, business travel 26%), and the regional average (leisure travel 42%, business travel 23%).</p> <p><b><a href="http://newsroom.mastercard.com/people/lhai/" target="_blank">Ling Hai, division president, Greater China, MasterCard Worldwide</a>,</b> said, “Hong Kong’s robust travel outlook is bolstered by an improvement in consumer sentiment as indicated in our latest <a href="http://bit.ly/OhuCXw" target="_blank"><b>MasterCard Worldwide Index™ of Consumer Confidence</b></a>, which earlier this year showed that optimism among locals has recovered from its second-lowest level since the financial crisis in 2008 to a neutral outlook with an overall score of 51.8 Index points. Local consumers are most optimistic in their outlook towards regular income (78.8 Index points), which may mean greater financial security and a rise in consumer spending.”</p> <p>&nbsp;“With China being one of Hongkongers’ favorite travel destination, MasterCard’s <a href="http://www.pricelessbeijing.com/" target="_blank"><b>Priceless Beijing</b></a> program launched earlier this year will delight cardholders from Hong Kong with one-of-a-kind experiences and privileged access to the very best that China’s capital city has to offer. ”</p> <ul> <li>Other findings about Hong Kong travelers include:Mobile phones top the list of Hong Kong people’s must-have gadgets when traveling</li> <li>Savvy Hongkongers reveal they get their best travel deals from travel agents, airline websites, online travel guides, and coupon sites or smartphone applications</li> <li>In terms of flight and accommodation, one in five prefer budget airlines while mid-range hotels remain the most popular, preferred by more than half of respondents</li> <li>While en route, four in 10 travelers will occupy themselves with watching movies or listening to music when traveling, and about one in five will usually read or rest</li> </ul> <p></p> <p></p> <p></p> <p><i><b>[1<a name="1"></a>]</b></i><i> Australia, China, Hong Kong, India, Indonesia, Japan, South Korea, Malaysia, New Zealand, Philippines, Singapore, Taiwan, Thailand, and Vietnam</i></p> <p></p> <p></p> <p></p> MasterCard and its Suite of Research Properties<p>The MasterCard Worldwide Index suite in Asia/Pacific, Middle East and Africa includes the long-running MasterCard Worldwide Index of Consumer Confidence, as well as the&nbsp;MasterCard Worldwide Index of Women’s Advancement, Online Shopping,&nbsp;Index of Financial Literacy, and the&nbsp;<a href="http://newsroom.mastercard.com/digital-press-kits/mastercard-global-destination-cities-index-2013/" target="_blank"><b>Index of Global Destination Cities</b></a>. In addition to the Indices, MasterCard’s research properties also include a range of consumer surveys including Ethical Spending&nbsp;and a series on&nbsp;Consumer Purchasing Priorities&nbsp;(covering&nbsp;Travel,&nbsp;Dining &amp; Entertainment, Education,&nbsp;Money Management,&nbsp;Luxury&nbsp;and General Shopping).</p> <p>MasterCard also regularly releases Insights reports providing analysis of business dynamics, financial policies and regulatory activities in the Asia/Pacific, Middle East and Africa region. Over 80 Insights reports have been produced since 2004.</p> <p>MasterCard has also released a series of four books on Asian consumer insights, authored by&nbsp;<a href="http://newsroom.mastercard.com/people/dyuwa/" target="_blank"><b>Dr. Yuwa Hedrick-Wong</b></a>, Global Economic Advisor for MasterCard Worldwide and published by John Wiley &amp; Sons.</p> About MasterCard Worldwide<p><a href="http://www.mastercard.com/index.html" target="_blank"><b>MasterCard</b></a>&nbsp;(NYSE: MA),&nbsp;<a href="http://www.mastercard.com/" target="_blank"><b>www.mastercard.com</b></a>,<b>&nbsp;</b>is a technology company in the global payments industry. We operate&nbsp;the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard’s products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter <a href="https://twitter.com/#!/MasterCardNews" target="_blank"><b>@MasterCardNews</b></a><b>,&nbsp;</b>join the discussion on the&nbsp;<a href="http://newsroom.mastercard.com/blog/" target="_blank"><b>Cashless Conversations Blog</b></a>&nbsp;and&nbsp;<a href="http://newsroom.mastercard.com/subscribe/" target="_blank"><b>subscribe</b></a>&nbsp;for the latest <a href="http://newsroom.mastercard.com/" target="_blank"><b>news</b></a>.</p> Contacts:<p>Gloria Lai<br> (852) 2533 9983<br> <a href="mailto:glai@webershandwick.com" target="_blank">glai@webershandwick.com</a><br> <br> Matthew Liu<br> (852) 2533 9927<br> <a href="mailto:mliu@webershandwick.com" target="_blank">mliu@webershandwick.com</a></p> According to findings from the latest MasterCard survey on Consumer Purchasing Priorities – Travel, respondents from Mainland China expressed their desire to travel as much or more regularly in the coming year, both for leisure (85%) and business (80%). http://www1.mastercard.com/content/intelligence/en/research/press-release/2012/hong-kong-tops-asia-pacific-region-for-leisure-and-business-travel-mastercard-survey2012-09-12T16:00:00.000Z2012-09-12T16:00:00.000ZOnline Shopping Increases as Price, Convenience and Security Become Paramount – MasterCard Survey Nicky JamesSurvey reveals 58% of people using the Internet, shop online; 89% of people are satisfied with their overall online shopping experience <p><b><i>Johannesburg, 18 April 2012</i></b>: According to the latest <a href="http://newsroom.mastercard.com/asia-pacific/" target="_blank"><b>MasterCard Worldwide</b></a> Online Shopping Survey, online shopping has increased significantly in South Africa and continues to show potential for growth, with price, convenience and security key factors to consider making a purchasing decision.</p> <p>The survey revealed that the number of South Africans shopping online has steadily increased over the past two years, with 58% of respondents in a survey of active Internet users saying that they use the Internet for shopping. This is an increase from the 53% that said that they shop online in 2010, and the 44% that gave the same answer in 2009.</p> <p>When choosing an online retailer from where to make their purchases, the majority of respondents cited lower prices (91%), payment convenience (90%) and secure payment facilities (90%) as their main motivators for doing so. They also said that websites should have a good reputation, be user-friendly, and that the online retail provider of choice should offer low or no extra charges for delivery.</p> <p>“The numbers speak for themselves,” says Anna Jones, General Manager, South Africa, MasterCard Worldwide. “The latest MasterCard survey found that among those shopping online, a majority 89% of respondents are satisfied with their overall online shopping experience, with 73% likely to make a purchase in the next six months. While these responses have remained static since last year, they show that the level of satisfaction has remained consistent as the number of online shoppers has grown.”</p> <p>The survey, which serves as a benchmark that measures consumers’ propensity to shop online, was conducted across 25 markets between 5 December 2011 and 6 January 2012. The South African report surveyed banked consumers who access the Internet at least once a week. They were asked questions about their online shopping habits. <i>The survey and its accompanying reports do not represent MasterCard’s financial performance.</i></p> <p><i></i>“The findings back up our research into the way online shopping evolves,” says Arthur Goldstuck, MD of World Wide Worx, which conducts annual studies on the size of the online retail market. “We have shown that, once people are experienced Internet users and go online regularly, their propensity to shop online increases dramatically. The key is to convert that propensity into shopping behaviour, and this survey pinpoints where and why that conversion is happening.”</p> <p>South Africans who shop online do so because they find it convenient and easy, and that the wide range of goods available is appealing. They also look to online portals to research purchases they are planning on making with 78% of online shoppers saying that they look at online reviews before they purchase, while 73% said that they investigate online reviews of the retailer themselves before making a purchase. In a show of confidence for the online retail environment, 74% of respondents said that they would return to an online retailer from which they had already made a purchase.</p> <p>Among the most popular purchases made online were products and services related to coupon/deal sites, online gaming, applications, music downloads and tickets to arts or music events.</p> <p>Ninety-five percent of respondents mentioned that they had visited deal or coupon websites, which have made a noisy entrance onto the local online environment since the last survey was conducted. One quarter of visits to these sites ended in the purchase of a deal.</p> <p>“This shows how the online world can work in tandem with the bricks-and-mortar environment, with online spend driving spend with conventional outlets,” says Goldstuck. “Many people now conduct product research online before making a purchase in-store. Retailers that avoid the virtual option for fear of cannibalisation of customers are in fact missing out on a powerful driver of traffic through their physical stores.”</p> <p>The research also revealed increases in the number of people who are shopping online (versus offline) for travel purposes: 87% of respondents (up 10% from 2010) have made purchases from airlines and 71% (up 9% from 2010) have made hotel bookings online in the last three months.</p> <p>On the opposite side of the coin, South Africans revealed that they prefer not to shop online for their groceries, with only 9% making this their first choice to avoid the chore of grocery shopping. This is a decrease to the previous survey’s result of 27%, showing a18% decline.</p> <p>“We’ve also found that online grocery shopping has declined , mainly because people want to choose fresh products personally, delivery schedules are too inflexible and too many mistakes are made by in-store stock pickers,” says Goldstuck.</p> <p>When it comes to paying for online purchases, the majority of respondents (84%) use payment cards or EFTs or a combination thereof. Encouragingly, security is less of an issue than it has been in the past years with 38% of respondents saying that they are not convinced that the medium is safe. This is down from 47% in the last survey, which itself was a drop from the 59% of the 2009 results.</p> <p></p> Introducing Mastercard Mobile<p>To provide even greater access, convenience and security for online shoppers, MasterCard, in collaboration with local mobile-centric payments and financial services company - <a href="http://oltio.com/" target="_blank"><b>Oltio</b></a> – have introduced MasterCard Mobile to the South African market.</p> <p>MasterCard Mobile is a payment platform that will enable MasterCard and Maestro cardholders to use their PIN-based debit, cheque or credit cards issued by Absa, Nedbank and Standard Bank, and a mobile phone on the MTN or Vodacom network to pay for online purchases. . A key feature of MasterCard Mobile is that it enables these Maestro cardholders to make secure online purchases for the first time, which in the past has not been the case. In addition, the relevant MasterCard debit and credit cardholders will also be able to use the payment platform.</p> <p>To make an online payment using MasterCard Mobile, a cardholder can select to use the MasterCard Mobile payment option on participating e-commerce sites – similarly to how they would select to pay by credit card, debit card or EFT. For first-time users of MasterCard Mobile, the –user will be securely prompted to register their payment card of choice where they will enter their PIN-based MasterCard debit or credit card or Maestro debit card number, the expiry date of the card and CVC number. They will also be required to enter their mobile phone number. Once this is done, the cardholder’s mobile phone number is used to initiate subsequent payments. Authorisation of payments is done by entering the cardholder’s PIN on their mobile phone</p> <p>“While providing greater convenience, MasterCard cardholders have peace of mind knowing that they no longer need to share their card details online. Instead, the information remains secure with MasterCard Mobile which verifies and concludes payments on the cardholder’s behalf. And importantly, the MasterCard Mobile solution does not levy any additional fees to the cardholder and, unlike EFTs, the payment is made instantly,” Jones concludes.</p> <p>“MasterCard Mobile is currently being piloted and we are looking to roll-out the platform to most e-commerce sites in South Africa in the near future. In addition, MasterCard Mobile is currently used by MTN for air time purchases,” adds Timson.</p> <p>Although the functionality is currently not available in South Africa, MasterCard Mobile can also enable person-to-person payments and be used at traditional/brick-and-mortar merchants that are MasterCard Mobile-enabled.</p> <p></p> About Mastercard<p><a href="http://www.mastercard.com/index.html" target="_blank"><b>MasterCard</b></a>&nbsp;(NYSE: MA),&nbsp;<a href="http://www.mastercard.com/" target="_blank"><b>www.mastercard.com</b></a>,<b>&nbsp;</b>is a technology company in the global payments industry. We operate&nbsp;the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard’s products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter <a href="https://twitter.com/#!/MasterCardNews" target="_blank"><b>@MasterCardNews</b></a><b>,&nbsp;</b>join the discussion on the&nbsp;<a href="http://newsroom.mastercard.com/blog/" target="_blank"><b>Cashless Conversations Blog</b></a>&nbsp;and&nbsp;<a href="http://newsroom.mastercard.com/subscribe/" target="_blank"><b>subscribe</b></a>&nbsp;for the latest <a href="http://newsroom.mastercard.com/" target="_blank"><b>news</b></a>.</p> About Oltio<p>Oltio (Pty) Ltd – formerly MTN Mobile Money South Africa (Pty) Ltd – is a wholly-owned subsidiary of MTN Mobile Money Holdings (Pty) Ltd, a joint venture company formed in 2004 between the <a href="http://www.mtn.com" target="_blank"><b>MTN Group</b></a> (50%) and the <a target="_blank" href="http://www.standardbank.com/"><b>Standard Bank Group</b></a> (50%). The Standard Bank Group is the largest African bank by assets and earnings and MTN Group is the largest African Mobile Network Operator (MNO).</p> Contacts<p><b>Media Relations:&nbsp; </b><br> Nicky James<br> <a href="mailto:nickyj@tribecapr.co.za">nickyj@tribecapr.co.za</a><br> +27 11&nbsp;208 5500</p> <p><br type="_moz"> </p> <p></p> The survey, which serves as a benchmark that measures consumers’ propensity to shop online, was conducted across 25 markets between 5 December 2011 and 6 February 2012. http://www1.mastercard.com/content/intelligence/en/research/press-release/2012/online-shopping-increase-as-price-convenience-and-security-becomes-paramount2012-04-17T16:00:00.000Z2012-04-17T16:00:00.000ZAsia/Pacific Cities Rank among World’s Most Connected Destinations: MasterCard Index Georgette Tan, Robert O’BrienSingapore and Hong Kong Feature in Index’s Top Ten Global Destinations; Region’s Cities Expect a 15.3% Surge in Foreign Spending Led by Bangkok <p><b><i>Singapore, 18 June 2012: </i></b>Asia/Pacific cities continued their ascendance as global destinations in 2012, with nearly half of the world’s top 20 cities by visitor arrivals and expenditure heralding from the region, according to the MasterCard Global Destination Cities Index released today.</p> <p>This is the second installment of the MasterCard research, which is used as a barometer for understanding the global economy and the dynamic flow of commerce across the world. The MasterCard Index of Global Destination Cities ranks cities in terms of the number of their total international visitor arrivals and the cross-border spending by these same visitors in the destination cities, and gives visitor and passenger growth forecasts for 2012. <i>This Index and the accompanying reports are not based on MasterCard volumes or transactional data.</i></p> <p>The Index projects sustained growth among emerging market cities with the top ten Asia/Pacific destinations expecting a 9.5% growth in visitor arrivals for 2012 and a 15.3% surge in cross-border spending. Singapore <sup>[<a href="#1">1</a>]</sup> (4<sup>th</sup>), Hong Kong (6<sup>th</sup>) and Kuala Lumpur (10<sup>th</sup>) feature in the Index’s top ten global cities. To view the Index as an interactive map, please click<b> <a href="http://cities.masterintelligence.com/">here</a></b>.</p> <p>Cities in Asia/Pacific once again led the charge globally with eight of the top 20 cities by international arrivals, with Bangkok ranked third globally with projected visitors to top 12.2 million visitors this year. Singapore was in fourth rank with 11.8 million visitors, with Hong Kong sixth with 11.1 million visitors, and Kuala Lumpur ranked 10<sup>th</sup> with 8.1 million visitors expected.&nbsp;</p> <p>The region also ranked highly on visitor spending with Bangkok ranked third globally with US$19.3 billion expected to be spent by inbound passengers in 2012, a 16.6% jump from last year. Singapore leapt two places to fifth overall with US$12.7 billion, up 12.7% on last year. Seoul moved into the top ten with US$10.6 billion in cross-border spend, an increase of 16.2%, while Tokyo, still recovering from the triple disasters of 2011 moved up four places to 14<sup>th</sup>, is officially the world’s third-fastest growing market (24.2%) in terms of cross-border spending.</p> <p>In terms of growth in visitor numbers six out of the top 20 fastest growing cities in the Index were from Asia/Pacific with Tokyo second globally behind Rio de Janeiro (28.6%) with a 21.5% growth in visitor arrivals. Taipei and <b><a href="http://www.pricelessbeijing.com/" target="_blank">Beijing</a> </b>also featured in both the top ten growth cities by visitor arrivals and cross-border spending.</p> <p>“Asia’s destination cities continue their rise, expecting a significant upward trend in visitor arrivals and cross-border spend—most of them on the back of large double digit growth,” observed <a href="http://newsroom.mastercard.com/people/dyuwa/" target="_blank"><b>Dr. Yuwa Hedrick-Wong</b></a>, global economic advisor, MasterCard Worldwide.</p> <p><a href="http://www.mastercard.co.uk/priceless-cities/london/" target="_blank"><b>London</b></a> once again topped the world’s cities by visitor numbers with 16.9 million inbound passengers expected in 2012, ahead of Paris in second place with 16 million inbound passengers expected.&nbsp;&nbsp;&nbsp;&nbsp;</p> <p>London also ranked first on cross-border expenditure, ahead of New York in second place, with estimated expenditures in these cities for 2012 amounting to US$21.1 billion and US$19.4 billion respectively.</p> <p>While cities in Europe and the US still ranked highly in the MasterCard Global Destination Cities Index, Dr. Hedrick-Wong said that the number of emerging market cities featuring in the Index showed Asia’s growing role in the global economy.</p> <p>“The leading Asian cities are some of the most sought after destinations for visitors from all over the world, and the Index indicates that they will continue to thrive into 2012,” he said.</p> <p>“Another interesting trend that we observe is a rise in cashless payments with many international travelers opting to do electronic transactions rather than using cash. The trend is a response to an increasing demand for safe, simple and smart payments, and highlights the rising importance of cashless commerce for both business and leisure travel,” Dr. Hedrick-Wong concluded.</p> <p><b>[<a name="1"></a>1] </b><i>City rankings from the 2011 MasterCard Index of Global Destination Cities are altered retrospectively as updates in data become available.</i></p> <p></p> <p></p> The World’s Top 20 Fastest Growing Destination Cities by Visitor Numbers<table cellspacing="0" cellpadding="0" border="0"> <tbody><tr><th class="table-description"><b>Destination City</b></th> <th class="table-description"><b>2012 Growth Rate</b></th> <th class="table-description"><b>Rank</b></th> </tr><tr><td>Rio de Janeiro</td> <td>28.6%</td> <td>1</td> </tr><tr><td>Tokyo</td> <td>21.5%</td> <td>2</td> </tr><tr><td>Quito</td> <td>18.8%</td> <td>3</td> </tr><tr><td>Abu Dhabi</td> <td>17.9%</td> <td>4</td> </tr><tr><td>Tunis</td> <td>17.7%</td> <td>5</td> </tr><tr><td>Dubai</td> <td>15.3%</td> <td>6</td> </tr><tr><td>Taipei</td> <td>15.1%</td> <td>7</td> </tr><tr><td>Istanbul</td> <td>14.7%</td> <td>8</td> </tr><tr><td>Beijing</td> <td>14.7%</td> <td>8</td> </tr><tr><td>Bogota</td> <td>12.6%</td> <td>10</td> </tr><tr><td>Lima</td> <td>11.7%</td> <td>11</td> </tr><tr><td>Riyadh</td> <td>10.4%</td> <td>12</td> </tr><tr><td>Nairobi</td> <td>10.0%</td> <td>13</td> </tr><tr><td>Singapore</td> <td>9.9%</td> <td>14</td> </tr><tr><td>Seoul</td> <td>9.8%</td> <td>15</td> </tr><tr><td>Cairo</td> <td>8.3%</td> <td>16</td> </tr><tr><td>Shanghai</td> <td>8.2%</td> <td>17</td> </tr><tr><td>Toronto</td> <td>7.6%</td> <td>18</td> </tr><tr><td>Washington</td> <td>7.2%</td> <td>19</td> </tr><tr><td>Caracas</td> <td>7.0%</td> <td>20</td> </tr></tbody></table> Asia/Pacific Top 10 Destination Cities by International Visitor Spend (2012)<table width="407" cellspacing="0" cellpadding="0" border="0"> <tbody><tr><th class="table-description" rowspan="2"><b>Rank</b></th> <th class="table-description" rowspan="2"><b>Destination City</b></th> <th class="table-description" rowspan="2"><b>Market</b></th> <th class="table-description" colspan="3"><b>Visitor Spend (US$ Billion)</b></th> <th class="table-description" rowspan="2"><b>%Growth 2011 &amp; 2012</b></th> <th class="table-description" rowspan="2"><b>2012 &nbsp;Visitors (Millions)*</b></th> </tr><tr><th class="table-description"><b>2010</b></th> <th class="table-description"><b>2011</b></th> <th class="table-description"><b>2012</b></th> </tr><tr><td>1</td> <td>Bangkok</td> <td>Thailand</td> <td>$11.1</td> <td>$16.6</td> <td>$19.3</td> <td>16.6%</td> <td>12.2</td> </tr><tr><td>2</td> <td>Singapore</td> <td>Singapore</td> <td>$9.0</td> <td>$11.3</td> <td>$12.7</td> <td>12.7%</td> <td>11.8</td> </tr><tr><td>3</td> <td>Sydney</td> <td>Australia</td> <td>$9.2</td> <td>$10.1</td> <td>$11.0</td> <td>9.7%</td> <td>2.5</td> </tr><tr><td>4</td> <td>Seoul</td> <td>South Korea</td> <td>$7.7</td> <td>$9.1</td> <td>$10.6</td> <td>16.2%</td> <td>8.0</td> </tr><tr><td>5</td> <td>Taipei</td> <td>Taiwan</td> <td>$6.1</td> <td>$8.7</td> <td>$10.5</td> <td>20.5%</td> <td>5.4</td> </tr><tr><td>6</td> <td>Tokyo</td> <td>Japan</td> <td>$10.2</td> <td>$8.0</td> <td>$9.9</td> <td>24.2%</td> <td>4.3</td> </tr><tr><td>7</td> <td>Hong Kong</td> <td>(SAR) China</td> <td>$7.3</td> <td>$8.6</td> <td>$9.5</td> <td>9.5%</td> <td>11.1</td> </tr><tr><td>8</td> <td>Shanghai</td> <td>China</td> <td>$5.6</td> <td>$7.3</td> <td>$8.3</td> <td>12.6%</td> <td>7.5</td> </tr><tr><td>9</td> <td>Beijing</td> <td>China</td> <td>$4.2</td> <td>$5.5</td> <td>$6.5</td> <td>19.2%</td> <td>6.2</td> </tr><tr><td>10</td> <td>Kuala Lumpur</td> <td>Malaysia</td> <td>$4.7</td> <td>$5.6</td> <td>$6.4</td> <td>13.7%</td> <td>8.1</td> </tr></tbody></table> <p><i>*Excludes passengers returning to arrival country and includes visitors on non-stop flights only</i><i></i></p> Methodology<p>The MasterCard Worldwide Index of Global Destination Cities is compiled using international flight and flight capacity information purchased from OAG Global, a provider of international aviation data. Flight schedules are also used for calculating flight frequency between pairs of cities.&nbsp; Airlines also publish on a regular basis their historical load factor, and advance flight schedules, which are then used to estimate the actual outbound passenger departures, and for forecasting outbound passenger departures in the coming year.</p> <p>On any given flight there are visitors from the departure country, returning residents of the destination city after visiting the departure country, and a third group: non-residents connecting through the departure country to the destination city on their way to a second destination city. This group can be a low proportion of the passengers for typically non-hub cities, but very high for destination cities that are “hubs” such as Singapore, Amsterdam, and Frankfurt.</p> <p>On a country level, the UN Database of “Trade in Service” in the “Travel Component” provides estimates of how much each year residents spend abroad (air fare paid in home country not included).&nbsp; An algorithm is applied to this total outbound expenditure and estimated total number of outbound passengers to derive an estimate of average per outbound passenger’s expenditure overseas.&nbsp;</p> <p>A margin of error is also unavoidable in such estimates, as not all outbound trips are of equal length, and the cost of living varies a great between arrival cities such that even if each trip of equal length, expenditure per passenger between different arrival cities would still be very different.&nbsp;This margin of error is reduced significantly by imposing a minimum of expenditures in the algorithm, after a number of iterative testing (US$500 per trip for bordering arrival country and US$700 per trip for non-bordering arrival country).&nbsp;</p> <p>Please note: the city rankings from the 2011 MasterCard Index of Global Destination Cities are altered retrospectively as updates in data become available.</p> About Dr Yuwa Hedrick-Wong, Ph.D., Global Economic Advisor, MasterCard Worldwide<p>Dr Yuwa Hedrick-Wong is a business strategist and economist with 25 years of experience gained in over thirty countries. He was appointed Global Economic Advisor to MasterCard Worldwide in 2009.&nbsp; Prior to this role, he was Economic Advisor to MasterCard in Asia/Pacific, a position he held since 2001. As economic advisor, he chairs a MasterCard Knowledge Panel of leading economists, policy analysts, academics and business strategists for regular exchange and knowledge sharing.&nbsp; In 2007 he was appointed Advisor at Southern Capital Group, a private equity fund; and in 2008 he was appointed to the Investment Council of ICICI, India’s largest private bank.</p> <p>Yuwa is also currently the HSBC Visiting Professor of International Business at the University of British Columbia, Vancouver, B.C. Canada, and is a frequent speaker at numerous international high-profile conferences.&nbsp; </p> About MasterCard Worldwide<p><a href="http://www.mastercard.com/index.html" target="_blank"><b>MasterCard</b></a>&nbsp;(NYSE: MA),&nbsp;<a href="http://www.mastercard.com/" target="_blank"><b>www.mastercard.com</b></a>,<b>&nbsp;</b>is a technology company in the global payments industry. We operate&nbsp;the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard’s products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter <a href="https://twitter.com/#!/MasterCardNews" target="_blank"><b>@MasterCardNews</b></a><b>,&nbsp;</b>join the discussion on the&nbsp;<a href="http://newsroom.mastercard.com/blog/" target="_blank"><b>Cashless Conversations Blog</b></a>&nbsp;and&nbsp;<a href="http://newsroom.mastercard.com/subscribe/" target="_blank"><b>subscribe</b></a>&nbsp;for the latest <a href="http://newsroom.mastercard.com/" target="_blank"><b>news</b></a>.</p> Contacts:<p>Georgette Tan,<br> MasterCard Worldwide,<br> <a href="mailto:georgette_tan@mastercard.com">georgette_tan@mastercard.com</a>,<br> +65 6390 5971</p> <p>Robert O’Brien,<br> Weber Shandwick,<br> <a href="mailto:robrien@webershandwick.com">robrien@webershandwick.com</a>,<br> +65 6825 8064</p> This is the second installment of the MasterCard research, which is used as a barometer for understanding the global economy and the dynamic flow of commerce across the world.http://www1.mastercard.com/content/intelligence/en/research/press-release/2012/asia-pacific-cities-rank-among-worlds-most-connected-destination2012-06-17T16:00:00.000Z2012-06-17T16:00:00.000ZWomen in Asia/Pacific Making Strides towards Greater Socio-Economic Advancement Georgette Tan, Vasundhara SubrahmanianWomen in Asia/Pacific Making Strides towards Greater Socio-Economic Advancement<p style="text-align: center;"><b>Latest MasterCard Index Reveals a Steady Increase in Gender Equality for 12 of 14 Asia/Pacific Markets</b></p> <p style="text-align: center;"><a href="/content/dam/intelligence/content-assets/singaporeprogressestowardgenderparity2.jpg" target="_blank"><img width="246" height="387" src="/content/dam/intelligence/content-assets/singaporeprogressestowardgenderparity2.jpg"></a></p> <p><a href="http://www.masterintelligence.com/asset/upload/h22012/link_images.jpg"><b>Click here to view the infographic</b></a></p> <p><i><b>Singapore, 29 February 2012</b></i>: <b><a href="http://newsroom.mastercard.com/asia-pacific/" target="_blank">Master Card</a>&nbsp;</b>today announced the results of its latest Index of Women’s Advancement. The Index which measures the socioeconomic level of women in relation to men revealed an increasing recognition for women’s empowerment in recent years, signaling enormous strides made by women in society.</p> <p>The MasterCard Worldwide Index of Women’s Advancement is part of a sustained effort by MasterCard to measure the socioeconomic standing of women across Asia/Pacific, Middle East and Africa. The Index is comprised of five indicators: Business Ownership, Business &amp; Government Leadership, Workforce Participation, Regular Employment Opportunities and Tertiary Education. Each indicator measures the ratio of women to every 100 men in each of the 14&nbsp;Asia/Pacific markets covered by the research.</p> <p>Scores are indexed to 100 to indicate how close or how far women in each market are to achieving socio-economic parity with men. A score under 100 indicates gender inequality in favor of males while a score above 100 indicates inequality in favor of females. A score of 100 indicates equality between the sexes. <i>The Index and its accompanying reports do not represent MasterCard financial performance.</i></p> <p>Frontrunners among the 14 Asia/Pacific markets were Australia and New Zealand with overall scores of 83.3 and 83.1, respectively. Following close behind are the Philippines (Index score: 77.8), Singapore (77.4) and Vietnam (75.0), while India (48.4), Korea (63.5) and Japan (64.8) round off the other end of the spectrum.</p> <p>Twelve of the 14 markets have been seeing increases in their overall Index scores for the last three years at least. While India currently ranks the lowest amongst all Asia/Pacific markets with an index score of 48.4, their scores have been on an upward trend since 2010. On the other hand, China, which currently has an index score of 73.7, has been experiencing consistent small declines in their score since 2007.</p> v. Enrollment rates for women in tertiary institutions surpass men for most Asia/Pacific markets<p>In eleven markets, women are on par or better represented in tertiary institutions than their male counterparts. This is the case in New Zealand (137.7), Malaysia (135.9), Australia (134.5), Thailand (133.2), Philippines (125.8), China (118.4), Vietnam (107.2), Taiwan (107.0), Hong Kong (104.2), Indonesia (103.3) and Singapore (98.1).</p> <p>Japan (89.6), Korea (73.1) and India (69.5) are exceptions where enrollment rates for women fall below those of men.</p> v. Moving towards a level playing field in terms of workforce participation and regular employment opportunities<p>Workforce participation rates for women were healthy across most markets, with eight markets averaging over 70 women for every 100 men in the workforce.</p> <p>India ranked poorly in this category, with only 35 women in the workforce for every 100 men, as did Malaysia (57.1), Indonesia (61.0) and Philippines (62.8).</p> <p>In terms of regular employment, eleven of the 14 markets included in the research offered equal opportunity for both men and women. The exceptions were India, where women have the lowest regular employment opportunities to men (52.9) of the Asia/Pacific markets, followed by Vietnam (71.6) and China (82.8).</p> v. Women still underrepresented among small business owners <p>Female business owners in Asia/Pacific still require greater economic and social empowerment. Thirteen of the 14 markets included in the research had fewer than 50 female business owners for every 100 male business owners.</p> <p>Australia (56.6) scored the highest in this category, while Japan (29.4), Hong Kong (29.0) and Taiwan (30.4) had less women for every 100 men owning businesses in their country.</p> v. Gender disparity in business/government leadership positions <p>There is much room for growth in encouraging women to take up positions as business and government leaders. According to the scores of the latest index, only six markets have at least 50 women business/government leaders for every 100 male business/government leaders.</p> <p>Across the 14 Asia/Pacific markets, Philippines (192.3) is the only market that achieved gender parity in business or government leadership. New Zealand (77.1), Australia (73.1) India (65.8) and Singapore (65.5) also had a reasonably high proportion of women to men in business/government leadership positions. Markets that scored especially low in this category include Japan (15.0), Korea (17.3) and China (24.0).</p> <p>MasterCard’s research on women’s advancement has shown that while more women have access to job opportunities and tertiary education, there is still room for improvement, especially when it comes to women taking top positions in government or business.</p> <p><a target="_blank" href="http://newsroom.mastercard.com/people/gtan/"><b>Georgette Tan, group head, Communications, Asia/Pacific, Middle East &amp; Afric</b>a</a>, said: “The results of this latest index show that across the key indicators in most markets women are progressing; big steps are being taken in terms of workforce participation and regular employment opportunities and this is encouraging news. This is especially inspiring for the people who champion women’s entrepreneurship and empowerment as it shows that even in challenging times societies are taking these issues seriously.</p> <p>“Women’s socio-economic advancement starts at the basic level – from fostering confidence in girls through education, to giving women skills development and regular employment opportunities. In line with our commitment to this cause, MasterCard has recently launched Project Inspire, a year-long digital and social media driven initiative centered on the theme of advancing women’s entrepreneurship — the objective being to engage the minds of young social entrepreneurs through a competition to bring out the best ideas to support women’s empowerment. Such initiatives help raise awareness around the important role of women in societies in the APMEA region, and ultimately improve their socio-economic standing,” she concluded.</p> <p style="text-align: center;"><a target="_blank" href="/content/dam/intelligence/content-assets/WomenGreaterSocioEconomicAdvancement2.jpg"><img width="397" height="206" src="/content/dam/intelligence/content-assets/WomenGreaterSocioEconomicAdvancement2.jpg"></a></p> <p><i>The scores above show the proportion of women to every 100 men for each category. Scores of over 100 are truncated to 100 when the overall Index score is derived, so as to ensure one component does not skew the overall Index score.</i></p> <p>For the full report go to: <a href="http://www.masterintelligence.com"><b>www.masterintelligence.com</b></a></p> MasterCard and its Suite of Research Properties Asia/Pacific, Middle East & Africa <p>The MasterCard Worldwide Index suite in Asia/Pacific, Middle East and Africa includes the long-running MasterCard Worldwide Index of Consumer Confidence, as well as the MasterCard Worldwide Index of Women’s Advancement, Online Shopping, Index of Financial Literacy, and the Index of Global Destination Cities. In addition to the Indices, MasterCard’s research properties also include a range of consumer surveys including Ethical Spending and a series on Consumer Purchasing Priorities (covering Travel, Dining &amp; Entertainment, Education, Money Management, Luxury and General Shopping).</p> <p>MasterCard also regularly releases Insights reports providing analysis of business dynamics, financial policies and regulatory activities in the Asia/Pacific, Middle East and Africa region. Over 80 Insights reports have been produced since 2004.</p> <p>MasterCard has also released a series of four books on Asian consumer insights, authored by</p> <p>Dr. Yuwa Hedrick-Wong, Global Economic Advisor for MasterCard Worldwide and published by John Wiley &amp; Sons.</p> About MasterCard Worldwide<p><a href="http://www.mastercard.com/index.html" target="_blank"><b>MasterCard</b></a>&nbsp;(NYSE: MA),&nbsp;<a href="http://www.mastercard.com/" target="_blank"><b>www.mastercard.com</b></a>,<b>&nbsp;</b>is a technology company in the global payments industry. We operate&nbsp;the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard’s products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter <a href="https://twitter.com/#!/MasterCardNews" target="_blank"><b>@MasterCardNews</b></a><b>,&nbsp;</b>join the discussion on the&nbsp;<a href="http://newsroom.mastercard.com/blog/" target="_blank"><b>Cashless Conversations Blog</b></a>&nbsp;and&nbsp;<a href="http://newsroom.mastercard.com/subscribe/" target="_blank"><b>subscribe</b></a>&nbsp;for the latest <a href="http://newsroom.mastercard.com/" target="_blank"><b>news</b></a>.</p> Contacts:<p>Georgette Tan, <br> MasterCard Worldwide, <br> <a href="mailto:georgette_tan@mastercard.com">georgette_tan@mastercard.com</a>, <br> (65) 6390-5971</p> <p>Vasundhara Subrahmanian, <br> Weber Shandwick, <br> <a href="mailto:vsubrahmanian@webershandwick.com">vsubrahmanian@webershandwick.com</a>, <br> (65) 6825 8054</p> The MasterCard Worldwide Index of Women’s Advancement is part of a sustained effort by MasterCard to measure the socioeconomic standing of women across Asia/Pacific, Middle East and Africa.http://www1.mastercard.com/content/intelligence/en/research/press-release/2012/women-in-asia-pacific-making-strides-towards-greater-socio-econo2012-02-28T16:00:00.000Z2012-02-28T16:00:00.000ZMasterCard Says Early Days for Mobile Payments Adoption with No Two Markets the Same Brian GendronSingapore, Canada, United States, Kenya and South Korea Most Ready to Adopt<p style="text-align: center;"><b><i>Young and affluent will drive early adoption</i></b><br> </p> <p style="text-align: center;"><b><i>Study identifies need for more industry partnership</i></b></p> <p><b>Singapore – May 8, 2012 </b>– <a href="http://newsroom.mastercard.com/asia-pacific/" target="_blank"><b>MasterCard Worldwide</b></a> today unveiled the <a href="http://mobilereadiness.mastercard.com/" target="_blank"><b>MasterCard Mobile Payments Readiness Index</b></a> (MPRI), an analysis of 34 countries and their readiness to use three types of mobile payments: person to person, mobile web commerce and mobile contactless payments at the point of sale. The MPRI found that while no two markets are the same, consumer readiness is the critical success factor to drive mobile payments adoption around the globe.</p> <p>The <a href="http://mobilereadiness.mastercard.com/globalreport.pdf" target="_blank"><b>MPRI</b></a> identified Singapore, Canada, the United States, Kenya and South Korea as the most prepared markets. The Index indicates that while it’s early stages for mobile payments adoption, all markets globally – either highly scaled and integrated ones like the United Kingdom or compact and technology-driven ones like Singapore – are making progress towards reaching an inflection point where mobile devices account for an appreciable share of the payments mix.</p> <p>The Index also found that in some markets such as Australia, young affluent consumers between the ages of 18 and 34 years old are the most willing to engage in mobile payments as they recognize the value of using mobile payments instead of cash or payment cards. While this demographic was predominantly male in most countries, women showed higher levels of interest in countries such as China, Egypt and the Philippines.</p> <p>In addition, findings of the MPRI reveal that partnerships among the key players in the mobile payments ecosystem are essential to accelerate the commercialization of mobile payments. Cooperation and collaboration among financial institutions, telcos, governments, technology providers and others can foster an environment that enables a market to reach critical mass.</p> <p>Other key findings include:</p> <ul> <li>Nine of the 10 markets with the highest consumer scores are in APMEA (Asia/Pacific, Middle East and Africa).</li> <li>Of the three mobile payment types, more consumers had engaged in m-commerce in 71 percent of the countries surveyed.</li> <li>In developing economies, consumers are typically drawn to mobile payments for access to the larger economy, both national and global, as well as to a regulated and secure economic infrastructure. Consumers in the developed world are drawn to the convenience of mobile phone payments.</li> </ul> <p>“Technology infrastructure, a responsive regulatory environment and a robust economy are table stakes for the advancement of mobile payments,” said <b><a href="http://insights.mastercard.com/author/theodore-iacobuzio/" target="_blank">Theodore Iacobuzio, vice president, Global Insights, MasterCard Worldwide</a>.</b> “The necessary conditions are consumer readiness and industry integration. As no one entity can develop and promote mobile payments by itself, key players in the ecosystem must work together to collectively advance the cause of mobile payments.”</p> <p>To download an executive summary of the MasterCard Mobile Payments Readiness Index, view an Interactive Global Map of the data or study the findings of the 34 countries that make up the Index, please visit <b><a href="http://mobilereadiness.mastercard.com" target="_blank">http://mobilereadiness.mastercard.com</a>.</b></p> Index Methodology <p>Research findings from the MasterCard Mobile Payments Readiness Index were compiled by MasterCard Global Insights between October 2011 and February 2012. The Index examined 34 global markets. Each market was ranked on a scale of 1 to 100 with scores derived from an algorithm comprised of over 50 quantitative and qualitative inputs including economic, demographic, telecommunications and payments industry data as well as proprietary consumer research. These inputs were then weighted and combined into six components including Environment, Financial Services, Regulations, Infrastructure, Consumer Readiness and Clusters and Partnerships. The six components were combined, yielding a single readiness score for each country. </p> About MasterCard <p><a href="http://www.mastercard.com/index.html" target="_blank"><b>MasterCard</b></a>&nbsp;(NYSE: MA),&nbsp;<a href="http://www.mastercard.com/" target="_blank"><b>www.mastercard.com</b></a>,<b>&nbsp;</b>is a technology company in the global payments industry. We operate&nbsp;the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard’s products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter <a href="https://twitter.com/#!/MasterCardNews" target="_blank"><b>@MasterCardNews</b></a><b>,&nbsp;</b>join the discussion on the&nbsp;<a href="http://newsroom.mastercard.com/blog/" target="_blank"><b>Cashless Conversations Blog</b></a>&nbsp;and&nbsp;<a href="http://newsroom.mastercard.com/subscribe/" target="_blank"><b>subscribe</b></a>&nbsp;for the latest <a href="http://newsroom.mastercard.com/" target="_blank"><b>news</b></a>.</p> Contact:<p>For media inquiries, please contact Brian Gendron at MasterCard Worldwide, <a href="mailto:Brian_Gendron@mastercard.com">Brian_Gendron@mastercard.com</a> or 914-249-1284.</p> MasterCard Worldwide today unveiled the MasterCard Mobile Payments Readiness Index (MPRI), an analysis of 34 countries and their readiness to use three types of mobile payments: person to person, mobile web commerce and mobile contactless payments at the point of sale.http://www1.mastercard.com/content/intelligence/en/research/press-release/2012/mastercard-says-early-days-for-mobile-payments-adoption-with-no-2012-05-07T16:00:00.000Z2012-05-07T16:00:00.000ZMasterCard and SMU Survey Shows Cautious Optimism Leads to Drop in Inflation Expectations Georgette Tan, Robert O’Brien, Kong Hwee Ting, Gladys NgMasterCard and SMU Survey Shows Cautious Optimism Leads to Drop in Inflation Expectations <p><b><i>Singapore, 24 April 2012</i></b> – Singapore households expect inflation to fall in the next one to five years. The third survey on inflation expectations Index released by <a href="http://www.mastercard.com/index.html" target="_blank"><b>MasterCard</b></a> and <b><a href="http://www.smu.edu.sg/" target="_blank">Singapore Management University</a> </b>(SMU) shows that Singapore’s inflation expectations dropped in the first quarter of 2012. This may be attributed to more informed consumers and improved optimism towards the global economy.</p> <p>The SKBI-MasterCard Singapore Index of Inflation Expectations (SInDEx) was <b><a href="http://www.straitstimes.com/BreakingNews/Singapore/Story/STIStory_753846.html" target="_blank">launched in January</a> 2012</b>. It was developed by Dr Aurobindo Ghosh and Professor Jun Yu from SMU Sim Kee Boon Institute for Financial Economics (SKBI), in collaboration with MasterCard. SInDEx is derived from an online survey designed to help researchers understand the behaviour and sentiments of decision makers in Singapore.</p> <p>This third SInDEx survey follows <a href="http://www.asiaone.com/Business/News/My%2BMoney/Story/A1Story20120110-320977.html" target="_blank"><b>two earlier surveys conducted in September and December last year</b></a>. The third online survey was conducted in March 2012 and it gathered feedback from around 400 individuals from Singapore households. Consumers were asked a variety of demographic and socioeconomic questions. The consumers also shared their views on perceived values of economic variables over the next one to five years.</p> <p>The March 2012 quarterly survey showed for the current year, the SInDEx1, a composite medium term inflation expectations index which measures inflation expectations over the next one year, was at its lowest at 4.2% since its inception. The Headline inflation expectations (which measures overall inflation expectations for the coming one year) was at 4.13 %, a drop from the 4.7% recorded last December. The March figure is also the lowest since the index was first created in September 2011. The medium term Singapore Core inflation expectations (excluding accommodation and private transportation) also reached a new low of 4.2 % in March.</p> <p>As for the next five years, SKBI-MasterCard Singapore Index of Inflation Expectations (SInDEx5, the composite weighted five-year inflation expectations) also fell from 5.16% to 4.97%. The five-year Headline inflation expectations (which measures overall inflation expectations five years from now) dropped slightly from 5.3% in December to 5.2%. The five-year Singapore Core inflation expectations (excluding accommodation and private transportation) also dropped from 5.09% to 4.8%.</p> <p>The researchers opined that the slow but steady decline in the annualised inflation expectations five years from now is a reflection of more effective “anchoring” of inflation expectations due to better communication between policy makers, media and the general public, since the SInDEx was launched in January this year.</p> <p>Some of the factors which might explain the difference between the higher Headline inflation and the lower Core inflation expectations, are the current sentiments arising from higher COE prices and property prices. After the newly instituted cooling measures late last year, Headline inflation expectations arising out of property price has probably come down.</p> <p>Dr. Aurobindo Ghosh, co-creater of SInDEx and Programme Director at SMU SKBI said “A well anchored long term inflation expectations measure is not expected to fluctuate frequently with short term movements like the upward price pressure coming from commodities like global oil prices or short term market sentiments.”</p> <p>“Academic research has also indicated that there might be a slight upward bias in the inflation expectations globally due to consumers’ personal experience. As an example, a recent publication from The Conference Board Consumer Research Center showed that even the US inflation expectations for March 2012 was at 6.3%, up from 5.5% in February. This is the highest level reached since May 2011 probably due to higher global oil prices although the US economy is looking more upbeat.</p> <p>“Given the downward trend in the Singapore Inflation Expectations Index, albeit nascent, we are cautiously optimistic that the public’s perception on inflation expectations is a good reflection of a more positive IMF World Economic Outlook (WEO, April 2012),” Dr. Ghosh added.</p> <p><a href="http://newsroom.mastercard.com/people/dyuwa/" target="_blank"><b>Dr. Yuwa Hedrick-Wong, global economic advisor, MasterCard Worldwide</b></a>, said, “Cautious optimism is the catch cry of 2012 as economies continue to slowly recover from the financial crisis. In this connection, a moderation in the reading of inflation expectations for Singapore supports the case for optimism. Everything else being equal, a continuation of this trend could gradually lead to a more competitive exchange rate of the Singapore dollar, hence Singapore exports. This will in turn support a stronger economic performance of Singapore in a global economy that is still facing serious challenges and weighed down by uncertainty.”</p> Methodology<p>Two indices were created, SInDEx1 and SInDEx5, to measure the 1-year inflation expectations and the 5-year inflation expectations. The data for the SKBI-MasterCard Survey was collected online from about 400 consumers. The sampling was done using a quota sample over gender, age and residency status to ensure representativeness of the sample. Employees in some sectors like journalism, marketing were excluded as that might have an effect on their responses to questions on consumption behaviour and expectations.</p> About MasterCard Worldwide<p><a href="http://www.mastercard.com/index.html" target="_blank"><b>MasterCard</b></a>&nbsp;(NYSE: MA),&nbsp;<a href="http://www.mastercard.com/" target="_blank"><b>www.mastercard.com</b></a>,<b>&nbsp;</b>is a technology company in the global payments industry. We operate&nbsp;the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard’s products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter <a href="https://twitter.com/#!/MasterCardNews" target="_blank"><b>@MasterCardNews</b></a><b>,&nbsp;</b>join the discussion on the&nbsp;<a href="http://newsroom.mastercard.com/blog/" target="_blank"><b>Cashless Conversations Blog</b></a>&nbsp;and&nbsp;<a href="http://newsroom.mastercard.com/subscribe/" target="_blank"><b>subscribe</b></a>&nbsp;for the latest <a href="http://newsroom.mastercard.com/" target="_blank"><b>news</b></a>.</p> About Singapore Management University<p>A premier university in Asia, the Singapore Management University (SMU) is internationally recognised for its world class research and distinguished teaching.&nbsp; Established in 2000, SMU’s mission is to generate leading edge research with global impact and produce broad-based, creative and entrepreneurial leaders for the knowledge-based economy.&nbsp; It is known to be a pioneer for its interactive and technologically-enabled pedagogy of seminar-style teaching in small class sizes which remains its unique hallmark.</p> <p>Home to more than 7,200 students, SMU comprises six schools: School of Accountancy, Lee Kong Chian School of Business, School of Economics, School of Information Systems, School of Law and School of Social Sciences, offering a wide range of bachelor’s, master’s and PhD degree programmes in business and other disciplines.</p> <p>With an emphasis on generating rigorous, high impact cross-disciplinary research that addresses Asian issues of global relevance, SMU faculty collaborates with leading foreign researchers as well as partners in the business community and public sector through its research institutes and centres.&nbsp; Through executive education, the university provides public and customised training for working professionals in meeting the needs of the economy.&nbsp; Close relationships with leading universities, including The Wharton School, Carnegie Mellon, the University of Pennsylvania and the University of Chicago’s Booth School of Business, allow SMU to draw on their academic and research strengths in various collaborations.&nbsp; The SMU city campus is a state-of-the art facility located in the heart of downtown Singapore, fostering strategic linkages with the business and wider community. <a><b>www.smu.edu.sg</b></a></p> About Sim Kee Boon Institute for Financial Economics<p>Established in July 2008, the Sim Kee Boon Institute for Financial Economics (SKBI) at the Singapore Management University promotes the study of Financial Economics and Financial Econometrics in areas of strategic relevance to Singapore's economy and the economies of the region. A significant addition to Singapore's efforts to be a financial hub in Asia, SKBI is a leading institute for academic research with strong industry application and practical dimension in the area of Financial Economics.</p> <p>The Institute has four major research centres for quantitative financial analysis and offers training programmes for professionals in the financial industry. Its work is conducted in close collaboration with leading scholars in financial economics and financial econometrics from around the world as well as leading international organisations and experts from industry. www.smu.edu.sg/institutes/skbife</p> Media contacts:<p>Kong Hwee Ting, SMU<br> +65 6808 5238,<br> <a href="mailto:htkong@smu.edu.sg">htkong@smu.edu.sg</a></p> <p>Gladys Ng, SKBI, SMU<br> + 65 6808 5229,<br> <a href="mailto:gladysng@smu.edu.sg">gladysng@smu.edu.sg</a></p> <p>Georgette Tan, MasterCard Worldwide,<br> +65 6390 5971,<br> <a href="mailto:georgette_tan@mastercard.com">georgette_tan@mastercard.com</a></p> <p>Rob O’Brien, Weber Shandwick,<br> +65 6825 8064,<br> <a href="mailto:robrien@webershandwick.com">robrien@webershandwick.com</a><i></i></p> The SInDEx, which was jointly developed by Singapore Management University’s Sim Kee Boon Institute for Financial Economics (SKBI) and MasterCard, is derived from an online survey of around 400 randomly selected individuals from Singapore households. http://www1.mastercard.com/content/intelligence/en/research/press-release/2012/mastercard-and-smu-survey-shows-cautious-optimism-leads-to-drop-2012-04-23T16:00:00.000Z2012-04-23T16:00:00.000ZMasterCard and Singapore Management University Launch New Singapore Inflation Index Georgette Tan, Robert O’Brien, Kong Hwee Ting, Gladys NgMasterCard and Singapore Management University Launch New Singapore Inflation Index <p><b><i>Singapore, 10 January 2012</i></b> – Inflation expectation is an important economic gauge for many Singaporeans and businesses. A new Index highlighting the spectrum of factors that impact the inflation expectations was jointly launched by MasterCard and Singapore Management University (SMU) today.</p> <p>The SKBI-MasterCard Singapore Index of Inflation Expectations (SInDEx), which was jointly developed by Dr Aurobindo GHOSH and Professor Jun YU from SMU Sim Kee Boon Institute for Financial Economics (SKBI), and MasterCard, is based on a survey of around 400 randomly selected individuals from households in Singapore. The online survey helps researchers understand the behaviour and sentiments of decision makers in Singapore households.</p> <p>Two surveys were conducted last year through the joint collaboration: one in September and another in the first week of December. In the first survey, consumers were asked a variety of demographic and socioeconomic questions. Consumers then shared their views on perceived values of economic variables over the next one to five years. In the second survey, questions pertaining to investors’ sentiment on current and future equity investments were added.</p> <p>SMU President, Professor Arnoud De Meyer said, “For the past one year, inflation has been in the minds of many Singaporeans. Its movements affect how households, employers and central bankers make decisions. Understanding how inflation expectations are formed and its impact on various economic decisions is thus instrumental in any discourse on economic policy. It is with great pride that I introduce the inflation expectation index jointly developed by SMU SKBI and MasterCard. Since its launch in July 2008, SKBI has been developing and applying research on financial economics with special relevance to Singapore and Asia. The creation of the index is a great example to showcase how SKBI can help the industry and the public.”</p> <p>“Inflation has been a pressing issue for governments, economists, businesses and consumers in the last year and its role as a tool of economic management has been discussed, analysed and debated in the media around the world,” said Vicky Bindra, president of Asia/Pacific, Middle East &amp; Africa (APMEA) for MasterCard Worldwide.</p> <p>“The SKBI-MasterCard Singapore Index of Inflation Expectations will be a valuable addition to this debate and its creation is a testament to the emphasis MasterCard places on working with highly credible and innovative organizations for the benefit of industry and society.”</p> <p>For the current year, the SInDEx1 (which measures inflation expectations over one year) remained almost the same in both the September and December 2011 surveys at 4.62%. As for the next five years, SKBI-MasterCard Singapore Index of Inflation Expectations (SInDEx5, which measures inflation expectations over five years) decreased slightly from 5.2% in September to 5.16%&nbsp;in December.</p> <p>The study found that in the medium term of one year, households’ awareness of the economic conditions played a crucial role in forming current expectations. One of the strongest and most persistent factors found to have influenced inflation expectations was the exposure to media coverage on global economic issues. Those who followed media reports were found to have a lower inflation expectation.</p> <p>The study also found that inflation expectations were affected by the long term relationship of the individual through citizenship status or length of stay. For the long term (or five-year forecast), the level of confidence in future equity investment plays a crucial part in expectation formed by households. The level of uncertainty plays a significant role in periods of stress.</p> <p>Dr. Yuwa Hedrick-Wong, global economic advisor, MasterCard Worldwide, said, “The massive debt overhang in many developed economies has made rising inflation a more serious and ever-present threat and the central banks’ task of maintaining price stability more challenging.”</p> <p>“In 2012, for instance, governments in OECD countries will need to borrow an equivalent of 15% of world GDP. Thus, getting monetary policy right under such circumstances is critical in order to support economic growth while keeping inflation under control. A key insight in getting monetary policy right is a more precise estimate of inflation expectation, especially for a small and open economy like Singapore.”</p> Methodology<p>Two indices were created, SInDEx1 and SInDEx5, to measure the 1-year inflation expectations and the 5-year inflation expectations. The data for the SKBI-MasterCard Survey was collected online from about 400 consumers. The sampling was done using a quota sample over gender, age and residency status to ensure representativeness of the sample. Employees in some sectors like journalism, marketing were excluded as that might have an effect on their responses to questions on consumption behaviour and expectations.</p> <p>In the first wave, about 88% of the respondents were citizens and 99.3% have stayed in Singapore for more than two years. There is a slight decrease for both sets of respondents in the second wave. The median per capita personal income of the respondents in both waves is $37,500, while household income is on an average of $75,000 per annum.</p> About MasterCard <p><a href="http://www.mastercard.com/index.html" target="_blank"><b>MasterCard</b></a>&nbsp;(NYSE: MA),&nbsp;<a href="http://www.mastercard.com/" target="_blank"><b>www.mastercard.com</b></a>,<b>&nbsp;</b>is a technology company in the global payments industry. We operate&nbsp;the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard’s products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter <a href="https://twitter.com/#!/MasterCardNews" target="_blank"><b>@MasterCardNews</b></a><b>,&nbsp;</b>join the discussion on the&nbsp;<a href="http://newsroom.mastercard.com/blog/" target="_blank"><b>Cashless Conversations Blog</b></a>&nbsp;and&nbsp;<a href="http://newsroom.mastercard.com/subscribe/" target="_blank"><b>subscribe</b></a>&nbsp;for the latest <a href="http://newsroom.mastercard.com/" target="_blank"><b>news</b></a>.</p> About Singapore Management University<p>A premier university in Asia, the Singapore Management University (SMU) is internationally recognised for its world class research and distinguished teaching.&nbsp; Established in 2000, SMU’s mission is to generate leading edge research with global impact and produce broad-based, creative and entrepreneurial leaders for the knowledge-based economy.&nbsp; It is known for its interactive and technologically-enabled pedagogy of seminar-style teaching in small class sizes.</p> <p>Home to over 7,000 students, SMU comprises six schools: School of Accountancy, Lee Kong Chian School of Business, School of Economics, School of Information Systems, School of Law and School of Social Sciences, offering a wide range of bachelor’s, master’s and PhD degree programmes in various disciplines.</p> <p>With an emphasis on generating rigorous, high impact cross-disciplinary research that addresses Asian issues of global relevance, SMU faculty collaborates with leading international researchers as well as partners in the business community and public sector through its research institutes and centres.&nbsp; The University also conducts executive education programmes for working professionals. Close relationships with leading universities, including The Wharton School, Carnegie Mellon, the University of Pennsylvania and the University of Chicago’s Booth School of Business, allow SMU to draw on their academic and research strengths in various collaborations.&nbsp;</p> <p><a href="http://www.smu.edu.sg/" target="_blank"><b>www.smu.edu.sg</b></a></p> About Sim Kee Boon Institute for Financial Economics<p>Established in July 2008, the Sim Kee Boon Institute for Financial Economics (SKBI) at the Singapore Management University promotes the study of Financial Economics and Financial Econometrics in areas of strategic relevance to Singapore's economy and the economies of the region. A significant addition to Singapore's efforts to be a financial hub in Asia, SKBI is a leading institute for academic research with strong industry application and practical dimension in the area of Financial Economics.</p> <p>The Institute has four major research centres for quantitative financial analysis and offers training programmes for professionals in the financial industry. Its work is conducted in close collaboration with leading scholars in financial economics and financial econometrics from around the world as well as leading international organisations and experts from industry. <b>www.smu.edu.sg/institutes/skbife</b></p> Media contacts:<p>Kong Hwee Ting, SMU<br> +65 6808 5238,<br> <a href="mailto:htkong@smu.edu.sg">htkong@smu.edu.sg</a></p> <p>Gladys Ng, SKBI, SMU<br> + 65 6808 5229,<br> <a href="mailto:gladysng@smu.edu.sg">gladysng@smu.edu.sg</a></p> <p>Georgette Tan, MasterCard Worldwide,<br> +65 6390 5971,<br> <a href="mailto:georgette_tan@mastercard.com">georgette_tan@mastercard.com</a></p> <p>Rob O’Brien, Weber Shandwick,<br> +65 6825 8064,<br> <a href="mailto:robrien@webershandwick.com">robrien@webershandwick.com</a></p> The SKBI-MasterCard Singapore Index of Inflation Expectations (SInDEx), which was jointly developed by Dr Aurobindo GHOSH and Professor Jun YU from SMU Sim Kee Boon Institute for Financial Economics (SKBI), and MasterCard, is based on a survey of around 400 randomly selected individuals from households in Singapore. http://www1.mastercard.com/content/intelligence/en/research/press-release/2012/mastercard-and-singapore-management-university-launch-new-singap2012-01-09T16:00:00.000Z2012-01-09T16:00:00.000ZNigerians Enjoy the Convenience, Pricing and Choice of Online Shopping – MasterCard Survey Aderayo Bankole Geraldine Trennery Survey reveals that now is the time for Nigerian entrepreneurs to embrace e-commerce<p><b><i>Lagos, Nigeria, 1 May 2012</i></b> – The latest <a href="http://newsroom.mastercard.com/" target="_blank"><b>MasterCard</b></a> Worldwide Online Shopping Survey has revealed a strong positive sentiment towards online shopping in Nigeria, with 92% of Nigerians surveyed who had shopped online saying that they were extremely or very satisfied with their overall shopping experience.</p> <p>Additionally, 57% of those Nigerians who had shopped online in the three months prior to the survey being conducted indicated that they would be very or quite likely to continue making purchases online over the following six months.</p> <p>“Nigerian online shoppers believed there was a wider purchase choice online rather than offline, that shopping online was extremely convenient and easy, and that most goods were cheaper online than they were offline,” says Omokehinde Ojomuyide, Country Manager, West Africa, MasterCard Worldwide.</p> <p>The most popular online shops among Nigerians were those that offered music downloads, books, CDs, DVDs, apps and computer software for sale, with travel and coupon or deal websites capturing the highest value of purchases.</p> <p>The survey, which serves as a benchmark that measures consumers’ propensity to shop online, was conducted by MasterCard in 25 countries from 5 December 2011 to 6 January 2012 and involved 12,500 consumers aged between 18 and 64<sup>1 </sup>who were asked questions about their online shopping habits. MasterCard has conducted the survey in other markets since 2009; however this was the first time that Nigeria was surveyed. <i>The survey and its accompanying reports do not represent MasterCard financial performance.</i></p> <p><i></i>Ojomuyide, explaining why MasterCard conducted this survey in Nigeria, says “MasterCard’s vision is to create a world beyond cash. We are spearheading a focussed drive towards a cashless society in Africa, where cashless transactions will assist in improving the lives of the continent’s people by removing the risks and expenses associated with carrying, using and handling cash.”</p> <p>“Shopping online is just one way that Nigerians can reduce their dependence on cash payments, and MasterCard conducted this research to identify the factors that influence Nigerians’ sentiments towards online shopping,” she continues.</p> <p>The research also explored the reasons why the majority (78%) of Nigerians surveyed do not currently shop online. Of this group, 59% said they were not sure that making transactions online was secure or safe, 43% said they simply preferred to shop in-store to look at the physical products and an additional 40% raised their concerns about the time it would take for items to be delivered to them.</p> <p>“Online security is a priority for MasterCard, and we work closely with our customer financial institutions and retailers in Nigeria to ensure that MasterCard cardholders can have the highest level of confidence when shopping online, and that retailers can gain greater assurance about the identity of the customer completing a purchase,” says Ojomuyide. “Using a MasterCard credit or debit card allows customers to make payments quickly and efficiently on a variety of secure websites – both Nigerian and international. We are working hard to grow the number of online retailers in the region who accept payment via a MasterCard card.”</p> <p>Interestingly, 59% of respondents who had made an online purchase in the last three months had done so from an international website.&nbsp; There were however clear indications in the survey results that Nigerians are willing to shop locally, with online shoppers saying that they believe that buying through a Nigerian website would be faster (38%), more convenient (33%) and cheaper (32%).</p> <p>“These findings are an obvious note for entrepreneurs that Nigerians who are shopping online see the value in purchasing locally, which creates a considerable business opportunity for them to enter this exciting retail sector now, while it is still its early growth stage,” says Ojomuyide.</p> <p>The survey also highlighted some helpful recommendations for Nigerian entrepreneurs planning to enter this retail sector. When asked what features would encourage online shoppers to shop online even more, 78% of respondents suggested more user-friendly websites, 76% said enhanced payment security and 60% said no additional service charges.</p> <p>Another interesting finding of the survey was that 93% of respondents were equipped with the ability to access the Internet through their mobile phones, and that 25% of these respondents had either recently made a purchase online using their mobile phone or were planning to do so within the next six months.</p> <p>“While the world of online shopping may be relatively new to Nigerians, the world of mobile phone ownership certainly is not.” said Ojomuyide. “MasterCard believes there is a huge opportunity for online shopping growth in Nigeria utilising mobile phones, and we are actively working with Nigerian banks and other business organisations to advise on the development of mobile payment solutions.”</p> <p>“Shopping online is becoming increasingly popular globally, as consumers realise the benefits of shopping from the comfort of their office or home, or with the convenience of their Internet-enabled mobile phone. The results of this survey show that, while online shopping in Nigeria is still in the early stages of growth, the country’s citizens are beginning to experience the considerable benefits that it can offer firsthand,” concludes Ojomuyide.</p> <p></p> MasterCard and its Suite of Research Properties<p>The MasterCard Worldwide Index suite in Asia/Pacific, Middle East and Africa includes the long-running MasterCard Worldwide Index of Consumer Confidence, as well as the&nbsp;MasterCard Worldwide Index of Women’s Advancement, Online Shopping,&nbsp;Index of Financial Literacy, and the&nbsp;<a href="http://newsroom.mastercard.com/digital-press-kits/mastercard-global-destination-cities-index-2013/" target="_blank"><b>Index of Global Destination Cities</b></a>. In addition to the Indices, MasterCard’s research properties also include a range of consumer surveys including Ethical Spending&nbsp;and a series on&nbsp;Consumer Purchasing Priorities&nbsp;(covering&nbsp;Travel,&nbsp;Dining &amp; Entertainment, Education,&nbsp;Money Management,&nbsp;Luxury&nbsp;and General Shopping).</p> <p>MasterCard also regularly releases Insights reports providing analysis of business dynamics, financial policies and regulatory activities in the Asia/Pacific, Middle East and Africa region. Over 80 Insights reports have been produced since 2004.</p> <p>MasterCard has also released a series of four books on Asian consumer insights, authored by&nbsp;<a href="http://newsroom.mastercard.com/people/dyuwa/" target="_blank"><b>Dr. Yuwa Hedrick-Wong</b></a>, Global Economic Advisor for MasterCard Worldwide and published by John Wiley &amp; Sons.</p> <p></p> About Mastercard<p><a href="http://www.mastercard.com/index.html" target="_blank"><b>MasterCard</b></a> (NYSE: MA), <a href="http://www.mastercard.com/" target="_blank"><b>www.mastercard.com</b></a>,<b> </b>is a global payments and technology company. It operates the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard’s products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter <a href="https://twitter.com/#!/MasterCardNews" target="_blank"><b>@MasterCardNews</b></a><b>, </b>join the discussion on the <a href="http://newsroom.mastercard.com/blog/" target="_blank"><b>Cashless Conversations Blog</b></a> and <a href="http://newsroom.mastercard.com/subscribe/" target="_blank"><b>subscribe</b></a> for the latest <a href="http://newsroom.mastercard.com/" target="_blank"><b>news</b></a>.</p> Contacts:<p>Aderayo Bankole<br> CMC Connect <br> <a href="mailto:aderayobankole@cmcconnect.com">aderayobankole@cmcconnect.com</a><br> +234 (0) 8032011455</p> <p>Geraldine Trennery<br> Tribeca Public Relations<br> <a href="mailto:geraldinet@tribecapr.co.za">geraldinet@tribecapr.co.za</a><br> +27 (0) 82 677 5201<br type="_moz"> </p> The survey, which serves as a benchmark that measures consumers’ propensity to shop online, was conducted across 25 markets between 5 December 2011 and 6 February 2012. http://www1.mastercard.com/content/intelligence/en/research/press-release/2012/Nigerians-enjoy-the-convenience-pricing-and-choice-of-online-shopping2012-04-30T16:00:00.000Z2012-04-30T16:00:00.000ZOne in Two Taiwanese Respondents Continue to Travel Abroad Despite Economic Uncertainty: MasterCard Survey Jonathan SeidmanNearly Half of Taiwanese Travelers Finance their Vacation with Money Saved Throughout the Year Majority Favor Using Credit Cards for Travel Expenses<p><b><i>Taipei</i></b><b><i>, </i></b><b><i>13</i></b><b><i> </i></b><b><i>Sep</i></b><b><i> 2012</i></b> – Over half of respondents (53%) in Taiwan made at least one international leisure trip in the past year, pointing to the importance of overseas travel amongst the Taiwanese. That's according to the results of the latest <a href="http://newsroom.mastercard.com/asia-pacific/" target="_blank"><b>MasterCard</b></a> survey on Consumer Purchasing Priorities – Travel.</p> <p>For international leisure travel, Taiwan was ranked sixth out of 14 markets in the Asia/Pacific region, with Hong Kong topping the list at 85%. Singapore came in second at 72%, followed by Malaysia and China (tied at 67%).</p> <p>In terms of business travel, only 26% of respondents in Taiwan traveled internationally for business in the past 12 months, a 1% decline from the previous year. Though Hong Kong (51%) also saw a 1% decline in international business travel, it still tops the Asia/Pacific region for business travel. China (49%) ranks second, with a 3% increase from 2011, followed by Thailand (46%), Malaysia (41%) and Singapore (32%).</p> <p>In addition, the survey found that nearly half (49%) of Taiwanese travelers financed their trips with money saved throughout the year rather than using their bonuses, credit cards, through loans, or by using profits from investments, ahead of China (41%) in the Greater China region but behind Hong Kong (61%).</p> <p>&quot;According to the latest MasterCard Consumer Purchasing Priorities – Travel survey, over half of Taiwanese travel abroad for leisure purposes, demonstrating that overseas travel remains an essential recreational activity for the Taiwanese,&quot; said Julie Yang, head of Taiwan, MasterCard Worldwide.</p> <p>&quot;Observing these trends, MasterCard works to provide cardholders with a wide range of travel-related benefits and services, such as the <a href="http://www.pricelessbeijing.com/" target="_blank"><b>Priceless Beijing program</b></a> which seeks to enable cardholders to have <i>Priceless</i> experiences and privileged access to the very best the city has to offer, and the recent <a href="http://www.mastercard.com/hkc/personal/zh/promotions/HKIA/landing.html" target="_blank"><b>‘High Flyers Summer Treats’</b></a> promotion at the Hong Kong International Airport. At MasterCard, we are always looking for ways to reward cardholders with one-of-a-kind travel experiences.”</p> Other Findings<ul> <li>Credit card is the preferred payment method when traveling as opposed to cash. For expenses exceeding USD $100, 65% of Taiwanese used a credit card, compared to 61% the previous year. In terms of accommodation, mid-range hotels are the most popular amongst the Taiwanese.</li> <li>Cell phones are the top must-have gadget across all age groups, with 73% of Taiwanese bringing along their cell phones on their travels abroad.</li> <li>Car (69%) remains the preferred mode of transport for domestic trips, although those in the 18-24 years age group rely more on trains.</li> <li>The top international destinations for Taiwanese travelers are Japan (50%), China (37%) and Hong Kong (31%), while Kaohsiung (42%) and Taichung (37%) remain the top two most popular domestic destinations.</li> </ul> <p>The MasterCard Survey on Consumer Purchasing Priorities, released twice yearly, is aimed at determining consumer spending priorities, including education, travel, dining and entertainment, financial management and expenditure of luxury goods across 14 markets in Asia Pacific. <i>The survey and its accompanying reports do not represent MasterCard financial performance.</i></p> <p>The latest MasterCard research is based on a survey conducted between 24 April 2012 and 10 June 2012 and involved 6904 respondents aged 18 – 64 in 14 Asia/Pacific[1] markets with 421 respondents in Taiwan, 409 in Hong Kong and 845 in China.</p> <p></p> MasterCard and its Suite of Research Properties<p>The MasterCard Worldwide Index suite in Asia/Pacific, Middle East and Africa includes the long-running MasterCard Worldwide Index of Consumer Confidence, as well as the&nbsp;MasterCard Worldwide Index of Women’s Advancement, Online Shopping,&nbsp;Index of Financial Literacy, and the&nbsp;<a href="http://newsroom.mastercard.com/digital-press-kits/mastercard-global-destination-cities-index-2013/" target="_blank"><b>Index of Global Destination Cities</b></a>. In addition to the Indices, MasterCard’s research properties also include a range of consumer surveys including Ethical Spending&nbsp;and a series on&nbsp;Consumer Purchasing Priorities&nbsp;(covering&nbsp;Travel,&nbsp;Dining &amp; Entertainment, Education,&nbsp;Money Management,&nbsp;Luxury&nbsp;and General Shopping).</p> <p>MasterCard also regularly releases Insights reports providing analysis of business dynamics, financial policies and regulatory activities in the Asia/Pacific, Middle East and Africa region. Over 80 Insights reports have been produced since 2004.</p> <p>MasterCard has also released a series of four books on Asian consumer insights, authored by&nbsp;<a href="http://newsroom.mastercard.com/people/dyuwa/" target="_blank"><b>Dr. Yuwa Hedrick-Wong</b></a>, Global Economic Advisor for MasterCard Worldwide and published by John Wiley &amp; Sons.</p> <p></p> About MasterCard Worldwide<p><a href="http://www.mastercard.com/index.html" target="_blank"><b>MasterCard</b></a> (NYSE: MA), <a href="http://www.mastercard.com/" target="_blank"><b>www.mastercard.com</b></a>,<b> </b>is a global payments and technology company. It operates the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard’s products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter <a href="https://twitter.com/#!/MasterCardNews" target="_blank"><b>@mastercardnews</b></a><b>, </b>join the conversation on <b><a href="http://newsroom.mastercard.com/blog/" target="_blank">Cashless Conversations Blog</a></b> and <a href="http://newsroom.mastercard.com/subscribe/" target="_blank"><b>subscribe</b></a> for the latest <a href="http://newsroom.mastercard.com/" target="_blank"><b>news</b></a>.</p> Contacts<p>Jonathan Seidman,<br> (886)2722-5799 Ext.124,<br> <a href="mailto:JSeidman1@webershandwick.com" target="_blank">JSeidman1@webershandwick.com</a></p> According to findings from the latest MasterCard survey on Consumer Purchasing Priorities – Travel, respondents from Mainland China expressed their desire to travel as much or more regularly in the coming year, both for leisure (85%) and business (80%). http://www1.mastercard.com/content/intelligence/en/research/press-release/2012/one-in-two-taiwanese-respondents-continue-to-travel-abroad-despite-economic-uncertainty-mastercard-survey2012-09-12T16:00:00.000Z2012-09-12T16:00:00.000ZKenyans enjoy the convenience, pricing and choice of online shopping – MasterCard Survey Njeri Chege, Geraldine TrennerySurvey reveals that now is the time for Kenyan entrepreneurs to embrace online commerce<p><b><i>Nairobi, Kenya, 1 May 2012</i></b> – The latest <a href="http://newsroom.mastercard.com/asia-pacific/" target="_blank"><b>MasterCard</b></a> Worldwide Online Shopping Survey has revealed a strong positive sentiment towards online shopping in Kenya, with 71% of Kenyans who had shopped online saying that they were extremely or very satisfied with their overall shopping experience.</p> <p>“Kenyan online shoppers believed there was a wider purchase choice online rather than offline, that shopping online was extremely convenient and easy, and that most goods were cheaper online that they were offline,” says Charlton Goredema, Vice President, Market Manager, East Africa and Indian Ocean Islands, MasterCard Worldwide.</p> <p>The most popular online shops for Kenyans were those that offered music downloads, books, CDs, DVDs, digital entertainment content and computer software for sale, with airline websites capturing the highest value of purchases.</p> <p>The survey, which serves as a benchmark that measures consumers’ propensity to shop online, was conducted by MasterCard in 25 markets from 5 December 2011 to 6 January 2012 and involved 12,500 consumers aged between 18 and 64<sup>1 </sup>who were asked questions about their online shopping habits. MasterCard has conducted the survey in other markets since 2009; however this was the first time that Kenya was included. <i>The survey and its accompanying reports do not represent MasterCard financial performance.</i></p> <p><i></i>Goredema, explaining why MasterCard conducted this survey in Kenya, says “MasterCard is spearheading the drive towards a cashless society globally, with a focussed strategy on Africa, where cashless transactions will assist in improving the lives of the continent’s people by removing the risks and expenses associated with carrying and handling cash.”</p> <p>“Shopping online is just one way that Kenyans can reduce their dependence on cash payments, and MasterCard conducted this research to identify the factors that influence Kenyans’ sentiments towards online shopping,” he continues.</p> <p>Goredema notes that 71% of those who have made online purchases did so using a credit card. “Using a MasterCard credit or debit card allows customers to make payments quickly and efficiently on a large number of secure websites – both Kenyan and international. We are working tirelessly to grow the number of online retailers in the region who accept payment via a MasterCard card.”</p> <p>The research also explored the reasons why a majority (86%) of Kenyans do not currently shop online. Of this group, 38% raised their concerns about the time it would take to get items delivered to them following a purchase, and an additional 38% were not sure that making transactions online was secure or safe.</p> <p>“Online security is a priority for MasterCard, and we work closely with our customer financial institutions and retailers in Kenya to ensure that MasterCard cardholders can have the highest level of confidence when shopping online, and that retailers can gain greater assurance about the identity of the customer completing a purchase,” says Goredema.</p> <p>“For example, MasterCard SecureCode enhances the security already in place on your MasterCard card with a secret code that protects against unauthorised use when shopping online at participating retailers. Using it is as easy as entering your PIN at an ATM,” he continues.</p> <p>Interestingly, 52% of Kenyans who had made an online purchase in the last three months had done so from an international website.&nbsp; There were however clear indications in the survey results of the willingness of Kenyans to shop locally with large percentages of online shoppers saying that they believe that buying through a Kenyan website would be cheaper (42%), more convenient (32%) and faster (32%).</p> <p>“These findings are an obvious note for entrepreneurs that Kenyans who are shopping online see the value in purchasing locally, which creates a considerable business opportunity for them to enter this exciting retail sector now, while it is still in an early stage of growth,” says Goredema.</p> <p>Another main finding of the survey was that 93% of respondents were equipped with the ability to access the Internet through their mobile phones, and that 38% of these respondents had either recently made a purchase online using their mobile phone or were planning to do so within the next six months.</p> <p>“While the world of online shopping may be relatively new to Kenyans, the world of mobile phone ownership certainly is not.” said Goredema. “MasterCard believes there is a huge opportunity for online shopping growth in Kenya utilising mobile phones, and we are actively working with Kenyan banks and other business organisations to advise on the development of mobile payment solutions.”</p> <p>Most recently, MasterCard in collaboration with Airtel and Standard Chartered Bank, launched PayOnline in Kenya, the world's first virtual card that operates off a mobile wallet. “PayOnline is a payment solution that makes it possible for Kenyan Airtel clients to shop online, even if they do not have a bank account,” says Goredema. “This is just one way that MasterCard products can extend financial inclusion to even more Kenyan citizens.”</p> <p>“Our vision at MasterCard is to create a world beyond cash,” concludes Goredema. “Shopping online is becoming increasingly popular globally, as consumers realise the benefits of shopping from the comfort of their office or home, or with the convenience of their Internet-enabled mobile phone. The results of this survey show that, while online shopping in Kenya is still in the early stages of growth, the country’s citizens are beginning to experience firsthand the considerable benefits that it can offer.”</p> <p></p> MasterCard and its Suite of Research Properties<p>The MasterCard Worldwide Index suite in Asia/Pacific, Middle East and Africa includes the long-running MasterCard Worldwide Index of Consumer Confidence, as well as the&nbsp;MasterCard Worldwide Index of Women’s Advancement, Online Shopping,&nbsp;Index of Financial Literacy, and the&nbsp;<a href="http://newsroom.mastercard.com/digital-press-kits/mastercard-global-destination-cities-index-2013/" target="_blank"><b>Index of Global Destination Cities</b></a>. In addition to the Indices, MasterCard’s research properties also include a range of consumer surveys including Ethical Spending&nbsp;and a series on&nbsp;Consumer Purchasing Priorities&nbsp;(covering&nbsp;Travel,&nbsp;Dining &amp; Entertainment, Education,&nbsp;Money Management,&nbsp;Luxury&nbsp;and General Shopping).</p> <p>MasterCard also regularly releases Insights reports providing analysis of business dynamics, financial policies and regulatory activities in the Asia/Pacific, Middle East and Africa region. Over 80 Insights reports have been produced since 2004.</p> <p></p> About Mastercard<p><a href="http://www.mastercard.com/index.html" target="_blank"><b>MasterCard</b></a> (NYSE: MA), <a href="http://www.mastercard.com/" target="_blank"><b>www.mastercard.com</b></a>,<b> </b>is a global payments and technology company. It operates the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard’s products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter <a href="https://twitter.com/#!/MasterCardNews" target="_blank"><b>@MasterCardNews</b></a><b>, </b>join the discussion on the <a href="http://newsroom.mastercard.com/blog/" target="_blank"><b>Cashless Conversations Blog</b></a> and <a href="http://newsroom.mastercard.com/subscribe/" target="_blank"><b>subscribe</b></a> for the latest <a href="http://newsroom.mastercard.com/" target="_blank"><b>news</b></a>.</p> Contacts:<p>Njeri Chege<br> Hill+Knowlton Strategies, <br> <a href="mailto:Njeri.chege@hkstrategies.co.ke">Njeri.chege@hkstrategies.co.ke</a><br> + 254 721 945 805<br> <br> Geraldine Trennery<br> Tribeca Public Relations, <br> <a href="mailto:geraldinet@tribecapr.co.za">geraldinet@tribecapr.co.za</a><br> +27 82 677 5201<br> </p> <p></p> The survey, which serves as a benchmark that measures consumers’ propensity to shop online, was conducted across 25 markets between 5 December 2011 and 6 February 2012. http://www1.mastercard.com/content/intelligence/en/research/press-release/2012/Kenyans-enjoy-the-convenience-pricing-and-choice-of-online-shopping2012-04-30T16:00:00.000Z2012-04-30T16:00:00.000ZChinese Consumers Continue to Embrace Ethical Shopping: MasterCard Survey Huanyu Wu, Tang Fei/Edward GuoPoverty/starvation funds the choice of beneficiary for Chinese donors<p><b><i>Beijing, 21 May 2012</i></b> – Chinese consumers are shopping with a conscience, according to the results of the latest <a href="http://newsroom.mastercard.com/asia-pacific/" target="_blank"><b>MasterCard</b></a>,&nbsp;survey on Ethical Spending.&nbsp; According to the research, the Chinese are generally willing to pay more for items that are environmentally friendly, based on fair trade principles, or where a percentage of the item cost was donated to a good cause.&nbsp;</p> <p>The survey also found that across the Asia Pacific region, respondents in Southeast Asia - Thailand, Philippines, Vietnam and Indonesia - were most likely to spend more on ethical purchases; while respondents in New Zealand, Australia and Japan were least likely to do so.</p> <p></p> <p>This study is part of the annual Ethical Shopping Survey by MasterCard and was conducted both online and offline in 25 countries within Asia/Pacific, Middle East and Africa between 5 December 2011 and 6 February 2012. The report for China is based on 500 respondents who access the internet at least weekly.&nbsp; The data was weighted to the online population in each of those markets. Similar surveys were also carried out in Taiwan and Hong Kong.</p> <p>88% of Chinese individuals bought items because they were based on fair trade principles, a slight increase from 86% in 2010.&nbsp; In addition, 72%, compared to 71% in 2010, bought items because they were environmentally friendly; while 60%, compared to 55% in 2010, made these purchases because a percentage of the sale was donated to a good cause.</p> <p>Over 3 in 5 Chinese individuals, who bought items because of ethical reasons, purchased them online.&nbsp;&nbsp; Just over two-thirds of this group of shoppers did so because there are now more shopping choices available online than before, while almost half said they are more likely to receive discounts on online-purchased socially-responsible products that may be more expensive elsewhere. In general, the survey demonstrated that countries which tended to have higher Internet penetration and higher propensity to shop online overall also tended to be the ones that were most likely to do ethical shopping online. China ranked highly in this aspect, together with Korea and Thailand.</p> <p>Overall, Chinese respondents were also more likely to purchase from a merchant if they were known for incorporating environmentally-conscious measures in their operations (75%), being socially-responsible (73%), and being financially responsible (66%).</p> <p>“Increasingly, Chinese shoppers are becoming more knowledgeable and discerning, and have started to think harder about the impact that their purchase decisions have on society,” said <b><a href="http://newsroom.mastercard.com/people/lhai/" target="_blank">Ling Hai, Division President of Greater China for MasterCard Worldwide</a>.&nbsp;</b></p> <p>“They are also becoming more aware that by making moral choices about what they bring home in their shopping bags, they are making a difference to the communities they live in. Responsible shopping looks like it is here to stay.”</p> <p>The study also found that those between the ages of 25 to 34 years-old are more likely to make ethical purchases.</p> <p></p> More Chinese support Poverty and Starvation Funds Than Before<p>In general, the degree of affinity that the Chinese have towards most social organizations is fairly similar to last year, with the exception of poverty and starvation alleviation funds, which increased from 21% in 2010 to 29% in 2011. Common charitable organizations the Chinese support include children’s health and education funds (30%), local natural disaster relief funds (30%) and poverty and starvation alleviation funds (29%).</p> <p>Across Greater China, affinity towards social organizations that deal with poverty/starvation appeared to be the strongest for respondents in Hong Kong, while affinity towards social organizations that deal with local natural disaster relief was the strongest for respondents in Taiwan.</p> <p>For the full report in English, go to: <a href="http://www.masterintelligence.com/"><b>www.masterintelligence.com</b></a></p> <p></p> MasterCard and its Suite of Research Properties Asia/Pacific, Middle East & Africa<p>The MasterCard Worldwide Index suite in Asia/Pacific, Middle East and Africa includes the long-running MasterCard Worldwide Index of Consumer Confidence, as well as the MasterCard Worldwide Index of Women’s Advancement, Online Shopping, Index of Financial Literacy, and the Index of Global Destination Cities. In addition to the Indices, MasterCard’s research properties also include a range of consumer surveys including Ethical Spending and a series on Consumer Purchasing Priorities (covering Travel, Dining &amp; Entertainment, Education, Money Management, Luxury and General Shopping).</p> <p>MasterCard also regularly releases Insights reports providing analysis of business dynamics, financial policies and regulatory activities in the Asia/Pacific, Middle East and Africa region. Over 80 Insights reports have been produced since 2004.</p> <p>MasterCard has also released a series of four books on Asian consumer insights, authored by Dr. Yuwa Hedrick-Wong, Global Economic Advisor for MasterCard Worldwide and published by John Wiley &amp; Sons.&nbsp;</p> <p></p> About MasterCard<p><a href="http://www.mastercard.com/index.html" target="_blank"><b>MasterCard</b></a> (NYSE: MA), <a href="http://www.mastercard.com/" target="_blank"><b>www.mastercard.com</b></a>,<b> </b>is a global payments and technology company. It operates the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard’s products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter <a href="https://twitter.com/#!/MasterCardNews" target="_blank"><b>@mastercardnews</b></a><b>, </b>join the conversation on <a href="http://newsroom.mastercard.com/blog/" target="_blank"><b>The Heart of Commerce Blog</b></a> and <a href="http://newsroom.mastercard.com/subscribe/" target="_blank"><b>subscribe</b></a> for the latest <a href="http://newsroom.mastercard.com/" target="_blank"><b>news</b></a>.</p> <p>For more information on the latest MasterCard activities and promotions, log on to the official MasterCard Weibo site at:&nbsp; <a href="http://weibo.com/mastercardchina" target="_blank"><b>http://weibo.com/mastercardchina</b></a></p> <p></p> Contacts:<p>Huanyu Wu<br> MasterCard Worldwide<br> <a href="mailto:huanyu_wu@mastercard.com" target="_blank">huanyu_wu@mastercard.com</a><br> (86-10) 8519 9304<br> </p> <p>Tang Fei / Edward Guo<br> Weber Shandwick Worldwide<br> <a href="mailto:ftang@webershandwick.com" target="_blank">ftang@webershandwick.com</a> /<a href="mailto:eguo@webershandwick.com" target="_blank">eguo@webershandwick.com</a><br> (86-10) 8569-9979 / (86-10) 8569-9926</p> The survey was conducted via online interviews between 5 December 2011 and 6 January 2012 and involved 12,500 consumers from 25 markets across Asia/Pacific, Middle East and Africahttp://www1.mastercard.com/content/intelligence/en/research/press-release/2012/chinese-consumers-continue-to-embrace-ethical-shopping-mastercard-survey2012-05-20T16:00:00.000Z2012-05-20T16:00:00.000ZHong Kong Consumers Continue to Embrace Ethical Shopping: MasterCard Survey Gloria Lai, Matthew Liu Social Responsibility of Merchants an Important Purchasing Consideration <p><b>Hong Kong, 3 May 2012 –</b> Conscience shopping in Hong Kong continues to remain strong with about half of those surveyed indicating that they purchase products that are environmentally friendly and observe fair trade principles, according to the latest MasterCard survey on ethical spending.</p> <p>Local respondents are willing to pay more for products that are environmentally friendly (56%), observe fair trade principles (51%), or where a percentage of the item is donated to a good cause (49%).</p> <p>In Hong Kong, women and those aged between 18 and 24 are more likely than other consumers to go out of their way to make ethical purchases. Respondents between the ages of 50 to 64 are also more willing to buy from merchants who are known for partnering with and donating to charities. Environmentally and socially responsible merchants are a big draw for shoppers with nearly half (47% and 45% respectively) of the respondents in Hong Kong more or somewhat likely to purchase products from such merchants.</p> <p>Amongst those surveyed, retail outlets were found to be the preferred point of purchase, with over 60% of the respondents in Hong Kong shopping at retail outlets rather than online when it comes to making ethical purchases.</p> <p>However, there has been a notable increase in online purchases from last year, both for products that are environmentally friendly (up from 33% to 35%) and for products that observe fair trade principles (up from 36% to 39%).&nbsp; This is mostly motivated by a greater availability of discounts and a wider variety of choice when shopping over the Internet.</p> <p>“The latest MasterCard survey demonstrates that despite the recent financial climate, conscience shopping continues to have a bearing on purchase behavior in Hong Kong. Consumers understand that they can make a difference to the communities they live in even when making day-to-day purchases and the Internet is providing even greater access to ethical products. It’s also the perfect tool for enabling consumers to make informed choices and to find out more about the positive impact their purchases can have,” said Jeroen van Son, head of Hong Kong and Macau, MasterCard Worldwide.</p> <p>In Asia Pacific, consumers in Thailand, the Philippines, Vietnam, Indonesia and China have a greater willingness to pay more for items that are environmentally friendly, observe fair trade principles, or where a percentage of the item’s cost is donated to a good cause, as compared to their counterparts in New Zealand, Australia and Japan.</p> <p>The survey was conducted across 25 markets between 5 December 2011 and 6 February 2012. The report for the Asia/ Pacific<sup>[<a href="#1">1</a>]</sup>region included interviews with 7,373 respondents from 14 markets, with 500 consumers in Hong Kong, who were asked questions about their ethical shopping habits. &nbsp;<i>The survey and its accompanying reports do not represent MasterCard’s financial performance.</i></p> <p>For the full report in English, go to: <a href="http://www.masterintelligence.com/"><b>www.masterintelligence.com</b></a></p> <p></p> <p></p> <p></p> <p><i><b>[<a name="1"></a>1]</b></i><i> Thailand, China, Japan, </i><i>South </i><i>Korea, Australia, Malaysia. New Zealand, Taiwan, Vietnam, Hong Kong, Indonesia, Singapore, India. Philippines.</i><i></i></p> <p></p> <p></p> <p></p> MasterCard and its Suite of Research Properties<p>The MasterCard Worldwide Index suite in Asia/Pacific, Middle East and Africa includes the long-running MasterCard Worldwide Index of Consumer Confidence, as well as the&nbsp;MasterCard Worldwide Index of Women’s Advancement, Online Shopping,&nbsp;Index of Financial Literacy, and the&nbsp;<a href="http://newsroom.mastercard.com/digital-press-kits/mastercard-global-destination-cities-index-2013/" target="_blank"><b>Index of Global Destination Cities</b></a>. In addition to the Indices, MasterCard’s research properties also include a range of consumer surveys including Ethical Spending&nbsp;and a series on&nbsp;Consumer Purchasing Priorities&nbsp;(covering&nbsp;Travel,&nbsp;Dining &amp; Entertainment, Education,&nbsp;Money Management,&nbsp;Luxury&nbsp;and General Shopping).</p> <p>MasterCard also regularly releases Insights reports providing analysis of business dynamics, financial policies and regulatory activities in the Asia/Pacific, Middle East and Africa region. Over 80 Insights reports have been produced since 2004.</p> <p>MasterCard has also released a series of four books on Asian consumer insights, authored by&nbsp;<a href="http://newsroom.mastercard.com/people/dyuwa/" target="_blank"><b>Dr. Yuwa Hedrick-Wong</b></a>, Global Economic Advisor for MasterCard Worldwide and published by John Wiley &amp; Sons.</p> <p></p> About MasterCard Worldwide<p><a href="http://www.mastercard.com/index.html" target="_blank"><b>MasterCard</b></a>&nbsp;(NYSE: MA),&nbsp;<a href="http://www.mastercard.com/" target="_blank"><b>www.mastercard.com</b></a>,<b>&nbsp;</b>is a technology company in the global payments industry. We operate&nbsp;the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard’s products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter <a href="https://twitter.com/#!/MasterCardNews" target="_blank"><b>@MasterCardNews</b></a><b>,&nbsp;</b>join the discussion on the&nbsp;<a href="http://newsroom.mastercard.com/blog/" target="_blank"><b>Cashless Conversations Blog</b></a>&nbsp;and&nbsp;<a href="http://newsroom.mastercard.com/subscribe/" target="_blank"><b>subscribe</b></a>&nbsp;for the latest <a href="http://newsroom.mastercard.com/" target="_blank"><b>news</b></a>.</p> Contacts:<p>Gloria Lai<br> (852) 2533 9983,<br> <a href="mailto:glai@webershandwick.com">glai@webershandwick.com</a></p> <p></p> <p>Matthew Liu<br> (852) 2533 9927,<br> <a href="mailto:mliu@webershandwick.com">mliu@webershandwick.com</a></p> The survey was conducted via online interviews between 5 December 2011 and 6 January 2012 and involved 12,500 consumers from 25 markets across Asia/Pacific, Middle East and Africahttp://www1.mastercard.com/content/intelligence/en/research/press-release/2012/hong-kong-consumers-continue-to-embrace-ethical-shopping-mastercard-survey2012-05-02T16:00:00.000Z2012-05-02T16:00:00.000ZMasterCard Survey: Over Half of Hong Kong Respondents Now Shopping Online Gloria Lai, Matthew Liu Music, event tickets and travel dominate online spend Mobile shopping gaining momentum among local consumers<p><b><i>Hong Kong, 12 April 2012:</i></b> The importance of online shopping continues to grow for Hong Kong consumers, with the latest <a href="http://newsroom.mastercard.com/asia-pacific/" target="_blank"><b>MasterCard</b></a>,Worldwide Online Shopping Survey revealing that 58% of people use the Internet to make purchases. With significant potential for growth still remaining, this trend looks set to continue as three-quarters of respondents expect to make a purchase online in the next six months.</p> <p>The average number of purchases made by those who have shopped online in Hong Kong in the past three months has also increased, rising from 4.3 in 2010 to 4.8 in 2011. Women continue to lead the way in online shopping (62% of women vs. 54% of men), while more broadly those aged 18-24 (57%) and 25-34 (62%) are more likely to access the Internet to buy online.</p> <p>In terms of proportion of money spent online vs. offline, music downloads (73%), event tickets (71%) and apps (69%) make up the top three categories of purchases made using the Internet. While music downloads have the highest percentage of online versus offline spend, travel websites and airlines lead in terms of average absolute spend.</p> <p>Respondents in Hong Kong however reported decreased levels of satisfaction with online purchases, falling to 60% from 69% last year. The survey indicates that for many, the need to see the physical product in-store (54%) continues to be a key barrier to purchasing online, though the Internet is a key research tool with 96% browsing online before making a purchase.</p> <p></p> Mobile Shopping<p>The MasterCard survey also uncovered an ongoing increase in the use of mobile phones for buying online. Of the 86% of respondents in Hong Kong who can access the Internet via their mobile phones, 25% have used it to make a purchase over the past three months. This is compared to 37% in China and 24% in Taiwan.</p> <p>A further 18% of Hongkongers plan on making a purchase in the next six months. This has been driven primarily by the added convenience and the proliferation of apps which makes it easier to shop using mobile phones, with cinema tickets (24%), coupon deals (22%) and toys/gifts (19%) making up the top three purchase categories.</p> <p>Jeroen van Son, head of Hong Kong and Macau, MasterCard Worldwide, said, “With the Internet continuing to form an integral part of our daily lives, it is natural to see users going online to browse and buy. However, the need for sites to offer a secure payment facility remains the number one concern for consumers, with 74% describing it as extremely or somewhat important. That’s why MasterCard prides itself on offering secure, convenient and varied payment methods for our cardholders. Combining ease of use with convenience, we will continue to innovate and foster a dynamic e-commerce environment for MasterCard cardholders.”</p> <p>The annual survey was conducted online between 5 December 2011 and 6 January 2012, reaching 12,500 consumers in 25 markets across APMEA<sup>[<a href="#1">1</a>]</sup>. The report for Hong Kong is based on 500 respondents who access the internet at least weekly.&nbsp; The data was weighted to the online population in each of those markets. Similar surveys were also carried out in Taiwan and China. <i>The survey and its accompanying reports do not represent MasterCard financial performance.</i></p> <p><i></i>For the full report in English, go to: <a href="http://www.masterintelligence.com/"><b>www.masterintelligence.com</b></a></p> <p><i><b>[1<a name="1"></a>]</b></i><i> </i><i>The markets surveyed include China, Hong Kong, Japan, Korea, India, Singapore, Thailand, Malaysia, Taiwan, Philippines, Indonesia, Vietnam, Australia, New Zealand, South Africa, Qatar, KSA, Egypt, Morocco, Oman, Kuwait, Lebanon, Nigeria, Kenya and the UAE.</i></p> <p></p> MasterCard and its Suite of Research Properties<p>The MasterCard Worldwide Index suite in Asia/Pacific, Middle East and Africa includes the long-running MasterCard Worldwide Index of Consumer Confidence, as well as the&nbsp;MasterCard Worldwide Index of Women’s Advancement, Online Shopping,&nbsp;Index of Financial Literacy, and the&nbsp;<a href="http://newsroom.mastercard.com/digital-press-kits/mastercard-global-destination-cities-index-2013/" target="_blank"><b>Index of Global Destination Cities</b></a>. In addition to the Indices, MasterCard’s research properties also include a range of consumer surveys including Ethical Spending&nbsp;and a series on&nbsp;Consumer Purchasing Priorities&nbsp;(covering&nbsp;Travel,&nbsp;Dining &amp; Entertainment, Education,&nbsp;Money Management,&nbsp;Luxury&nbsp;and General Shopping).</p> <p>MasterCard also regularly releases Insights reports providing analysis of business dynamics, financial policies and regulatory activities in the Asia/Pacific, Middle East and Africa region. Over 80 Insights reports have been produced since 2004.</p> <p></p> About MasterCard Worldwide<p><a href="http://www.mastercard.com/index.html" target="_blank"><b>MasterCard</b></a>&nbsp;(NYSE: MA),&nbsp;<a href="http://www.mastercard.com/" target="_blank"><b>www.mastercard.com</b></a>,<b>&nbsp;</b>is a technology company in the global payments industry. We operate&nbsp;the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard’s products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter <a href="https://twitter.com/#!/MasterCardNews" target="_blank"><b>@MasterCardNews</b></a><b>,&nbsp;</b>join the discussion on the&nbsp;<a href="http://newsroom.mastercard.com/blog/" target="_blank"><b>Cashless Conversations Blog</b></a>&nbsp;and&nbsp;<a href="http://newsroom.mastercard.com/subscribe/" target="_blank"><b>subscribe</b></a>&nbsp;for the latest <a href="http://newsroom.mastercard.com/" target="_blank"><b>news</b></a>.</p> <i>Contacts</i><p>Gloria Lai<br> (852) 2533 9983<br> <a href="mailto:glai@webershandwick.com">glai@webershandwick.com</a><br> <br> Matthew Liu<br> (852) 2533 9927<br> <a href="mailto:mliu@webershandwick.com">mliu@webershandwick.com</a><br> </p> The survey, which serves as a benchmark that measures consumers’ propensity to shop online, was conducted across 25 markets between 5 December 2011 and 6 February 2012. http://www1.mastercard.com/content/intelligence/en/research/press-release/2012/Over-half-of-hongkong-respondents-now-shopping-online2012-04-11T16:00:00.000Z2012-04-11T16:00:00.000ZSix in Ten Taiwanese consumers made contributions to charity last year Jonathan SeidmanConsumers in Taiwan Increasingly Willing to Pay More for Socially Responsible Products: MasterCard Survey<p><b><i>Taipei, 21</i></b><b><i> </i></b><b><i>March</i></b><b><i> 2012</i></b> – Conscience shopping in Taiwan remains strong, with the island showing an increasing number of consumers willing to pay more for products that are environmentally-friendly, observe fair trade principles, or where a percentage of the item is donated to a good cause, according to the latest MasterCard survey on ethical spending.<br> </p> <p>The survey was conducted via online interviews between 5 December 2011 and 6 January 2012 and involved 12,500 consumers from 25 markets across Asia/Pacific, Middle East and Africa, with 500 consumers interviewed in Taiwan.&nbsp;</p> <p></p> Over half of Taiwan consumers willing to pay more for eco-friendly goods<p>According to the survey, 56 % of respondents in Taiwan were willing to pay more to purchase environmentally-friendly products, up from 52% in 2010. The survey also revealed increases in the number of consumers willing to pay more for products that abide by fair trade principles (+6%) as well as where a percentage of the item is donated to a good cause (+3%).&nbsp;</p> <table border="1" cellspacing="0" cellpadding="0" width="401"> <tbody><tr><th class="table-description" colspan="3"><b>Willingness to pay more for socially responsible products (Taiwan)</b></th> </tr><tr><th class="table-description"><b>Type of Product</b></th> <th class="table-description"><b>2011</b></th> <th class="table-description"><b>2010</b></th> </tr><tr><td>Environmentally-friendly</td> <td>56</td> <td>52</td> </tr><tr><td>Abide by fair trade principles</td> <td>49</td> <td>43</td> </tr><tr><td>Donate percentage of profits to charity</td> <td>47</td> <td>44</td> </tr></tbody></table> <p>Interestingly, men and women were shown to be equally likely to go out of their way to pay for environmentally friendly, fair trade products or products for which a percentage of the sale is donated to a good cause. The oldest segment, meanwhile, was the most likely to purchase such products.</p> <p></p> Six in Ten Taiwan consumers gave to charity in 2011<p>In addition, the survey found that six in ten Taiwanese consumers contributed to charity in 2011, an increase from 2010. Affinity towards social organizations also increased, with the greatest affinity being shown towards local natural disaster relief,followed by children's health / education fund.&nbsp;</p> China performed best among Greater China markets in Asia/Pacific<p>China performed the best of the Greater China markets surveyed, ranking second among the Asia/Pacific markets for willingness to pay more for products that observe fair trade principles (70%). Although Taiwan did not rank especially high among the other Asia/Pacific countries, it showed consistent growth in ethical shopping.</p> <p>“It’s heartening to see from the results of the MasterCard that more and more Taiwanese consumers care about the ethical implications of the products they buy,&quot; said Julie Yang, head of Taiwan, MasterCard Worldwide. &quot;Moreover, the survey shows they are increasingly willing to donate a portion of their earned income to good causes, such as children's education. This trend has contributed to the success of local MasterCard initiatives such as the<i> P</i><i>urchase with Purpose</i> platform, which help charity-minded cardholders give back to communities when they use their MasterCard cards. &quot;&nbsp;&nbsp; &nbsp;</p> <p></p> About MasterCard Worldwide<p><a href="http://www.mastercard.com/index.html" target="_blank"><b>MasterCard</b></a>&nbsp;(NYSE: MA),&nbsp;<a href="http://www.mastercard.com/" target="_blank"><b>www.mastercard.com</b></a>,<b>&nbsp;</b>is a technology company in the global payments industry. We operate&nbsp;the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard’s products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter <a href="https://twitter.com/#!/MasterCardNews" target="_blank"><b>@MasterCardNews</b></a><b>,&nbsp;</b>join the discussion on the&nbsp;<a href="http://newsroom.mastercard.com/blog/" target="_blank"><b>Cashless Conversations Blog</b></a>&nbsp;and&nbsp;<a href="http://newsroom.mastercard.com/subscribe/" target="_blank"><b>subscribe</b></a>&nbsp;for the latest <a href="http://newsroom.mastercard.com/" target="_blank"><b>news</b></a>.</p> Contacts:<p>Jonathan Seidman,<br> (886)2722-5799 Ext.124,<br> <a href="mailto:JSeidman1@webershandwick.com">JSeidman1@webershandwick.com</a></p> The survey was conducted via online interviews between 5 December 2011 and 6 January 2012 and involved 12,500 consumers from 25 markets across Asia/Pacific, Middle East and Africahttp://www1.mastercard.com/content/intelligence/en/research/press-release/2012/six-in-ten-taiwanese-consumers-made-contributions-to-charity-last-year2012-03-20T16:00:00.000Z2012-03-20T16:00:00.000ZGreater China Sees Rise in Financial Literacy Levels: MasterCard Survey Huanyu Wu, Tang Fei / Edward GuoConsumers in Greater China Amongst Some of the Savviest in the Asia/Pacific Region When It Comes to Investing and Financial Planning<p><b><i>Beijing, 24 July 2012</i></b> – Greater China markets – Hong Kong (68%), Taiwan (67%) and China (65%) topped the investment component of <a href="http://newsroom.mastercard.com/asia-pacific/" target="_blank"><b>MasterCard</b></a>’s latest research on financial literacy in the Asia/Pacific region. This means that more respondents in these markets understood their bank statements and complex investment concepts such as inflation as compared with the rest of the region. At the same time, China moved up one spot from last year to take eighth place in the area of financial planning, reflecting respondents’ keen knowledge of financial products, services, and concepts, and ability to plan for their long-term financial needs</p> <p>The MasterCard Worldwide Index of Financial Literacy is based on a survey conducted between 24 April 2012 and 10 June 2012 with 6904 respondents aged 18 – 64 in 14 Asia/Pacific[1] countries. This is the 3rd survey of Financial Literacy conducted since 2010. The survey polled consumers on three aspects of financial literacy including their basic money management skills, investment knowledge and financial planning to determine the level of basic money management skills in terms of budgeting, savings, and responsibility of credit usage. <i>The survey and its accompanying reports do not represent MasterCard financial performance.</i></p> <p></p> <p>In terms of overall financial literacy, the Greater China markets fared very differently, despite all showing improved scores from the last survey conducted in 2010.&nbsp; Taiwan (and New Zealand) led the region with Taiwan jumping from 5<sup>th</sup> place in 2010 to the top spot with a score of 73 index points out of 100, while Hong Kong came in third with 71 index points, up from 6<sup>th</sup> place.&nbsp; China, despite its overall improvement in financial literacy, still ranked low when compared with other Asia/Pacific markets, coming in at 12<sup>th</sup> place, and scoring 3 points below the region’s average of 67 <i>points.</i></p> <p></p> <p><a href="http://newsroom.mastercard.com/people/lhai/" target="_blank"><b>Ling Hai</b></a>, Division President, Greater China,<i> MasterCa</i>rd Worldwide, said: “These results paint a hopeful picture of financial understanding across the Greater China markets, with improvements on key components of the survey. Financial literacy is an important part of our daily lives, and necessary in today’s complex financial marketplace.&nbsp; As our urban areas grow in affluence, the knowledge of money management, investments and financial planning becomes increasingly important. At MasterCard, we are deeply committed to helping consumers and our cardholders successfully navigate the financial choices they face.”</p> <p></p> <p>When it comes to Basic Money Management, where respondents were asked about their ability to budget, track expenditure, keep up with bills, save for big purchases and understand unsecured loans, all three Greater China markets improved overall.&nbsp; They also scored above the regional average on their budgeting ability, but differed in their tendency towards saving for big purchases, with Hong Kong scoring the highest (71%), followed by Taiwan, (59%) and China (38%).</p> <p></p> <p>On the financial planning front, it is clear the Greater China markets are astute financial planners, with Taiwan again topping the region, and both China and Hong Kong showing improved scores. Respondents in Taiwan placed great importance on saving regularly, early financial planning, insurance and emergency savings, scoring higher than the regional average in all areas.&nbsp; While respondents in China met the regional average overall in this category, of least importance to them was the need for financial planning for the non-wealthy (65%) and retirement funds (47%). In these areas, the Chinese scored below the regional average.&nbsp; Hong Kong scored noticeably lower on early financial planning (56% vs. the regional average of 81%) but also much higher on retirement planning (62% vs. regional average of 50%).</p> <p>In terms of investing, both Hong Kong (68%) and China (65%) improved overall with Hong Kong also maintaining its hold on the top spot, while Taiwan’s scores (67%) held steady, and ahead of the regional average (59%). All three markets scored above average for monitoring investments, working out the suitability of financial products, and the concept of inflation while Taiwan respondents, despite improving their score on reading financial statements (64%), still lagged behind the regional average (68%) on that front.&nbsp; Of the three markets, only Taiwan respondents scored above the regional average for their understanding of the concept of diversification.</p> <p></p> <p>Overall, the Index demonstrated higher levels of financial literacy amongst the above-average income earners, and those who held managerial positions.</p> <p></p> <p>Unlike most other Asia/Pacific markets, male and female respondents in Greater China display approximately equal financial literacy knowledge.</p> <p></p> <p></p> <p></p> <p>[1] Australia, China, Hong Kong, India, Indonesia, Japan, Malaysia, New Zealand, Philippines, Singapore, South Korea, Taiwan, Thailand, Vietnam</p> <p></p> <p></p> <p></p> Financial Literacy across the Asia/Pacific<p>New Zealanders (77%) fared the best when asked about basic money management skills such as day-to-day budgeting, keeping up with bills, credit commitments and setting money aside for big purchases, followed by Australia in 2<sup>nd</sup> (75%) and Hong Kong (72%) moving up one spot from 4<sup>th</sup> in 2010 to 3<sup>rd</sup> in 2012.</p> <p></p> <p>Koreans proved to have the region’s most improved scores for financial planning (83%) up 12 places from the 2010 survey. Survey respondents from Taiwan (83%) and Vietnam (82%) also saved more regularly and were better prepared than their regional counterparts when it came to retirement preparations and emergency savings.</p> <p></p> <p>In mature markets, respondents over 30 years of age appeared to score higher in financial literacy compared to their counterparts under the age of 30. This was especially seen in markets like New Zealand (76% vs. 65%), Australia (74% vs. 64%) and Taiwan (74% vs. 70%) where respondents over 30 years old were clearly leading the pack.&nbsp;</p> <p></p> MasterCard Worldwide Index of Financial Literacy<table border="0" cellspacing="0" cellpadding="0" width="439"> <tbody><tr><th class="table-description" colspan="2" rowspan="3"><b>Ranking</b></th> <th class="table-description" colspan="8"><b>Scores (%)</b></th> </tr><tr><th class="table-description" colspan="2" rowspan="2"><b>Overall Financial Literacy Index</b></th> <th class="table-description" colspan="6"><b>Components of Financial Literacy Index</b></th> </tr><tr><th class="table-description" colspan="2"><b>Basic Money Management</b></th> <th class="table-description" colspan="2"><b>Financial Planning</b></th> <th class="table-description" colspan="2"><b>Investment</b></th> </tr><tr><td colspan="2" rowspan="2"><b><i>Asia/Pacific</i></b></td> <td><b>2012H1</b></td> <td><b>2010H2</b></td> <td><b>2012H1</b></td> <td><b>2010H2</b></td> <td><b>2012H1</b></td> <td><b>2010H2</b></td> <td><b>2012H1</b></td> <td><b>2010H2</b></td> </tr><tr><td>67</td> <td>67</td> <td>65</td> <td>65</td> <td>76</td> <td>76</td> <td>59</td> <td>61</td> </tr><tr><td><b>1</b></td> <td>New Zealand</td> <td>73</td> <td>74</td> <td>77</td> <td>78</td> <td>73</td> <td>74</td> <td>62</td> <td>64</td> </tr><tr><td><b>2</b></td> <td>Taiwan</td> <td>73</td> <td>71</td> <td>70</td> <td>66</td> <td>83</td> <td>83</td> <td>67</td> <td>67</td> </tr><tr><td><b>3</b></td> <td>Australia</td> <td>71</td> <td>72</td> <td>75</td> <td>76</td> <td>69</td> <td>70</td> <td>64</td> <td>65</td> </tr><tr><td><b>4</b></td> <td>Hong Kong</td> <td>71</td> <td>69</td> <td>72</td> <td>71</td> <td>72</td> <td>70</td> <td>68</td> <td>65</td> </tr><tr><td><b>5</b></td> <td>Singapore</td> <td>71</td> <td>73</td> <td>69</td> <td>71</td> <td>80</td> <td>82</td> <td>61</td> <td>61</td> </tr><tr><td><b>6</b></td> <td>Malaysia</td> <td>68</td> <td>67</td> <td>64</td> <td>65</td> <td>79</td> <td>77</td> <td>60</td> <td>59</td> </tr><tr><td><b>7</b></td> <td>Indonesia</td> <td>67</td> <td>64</td> <td>65</td> <td>59</td> <td>81</td> <td>79</td> <td>51</td> <td>57</td> </tr><tr><td><b>8</b></td> <td>Korea</td> <td>66</td> <td>56</td> <td>61</td> <td>50</td> <td>83</td> <td>66</td> <td>54</td> <td>56</td> </tr><tr><td><b>9</b></td> <td>Vietnam</td> <td>66</td> <td>69</td> <td>60</td> <td>62</td> <td>82</td> <td>82</td> <td>60</td> <td>66</td> </tr><tr><td><b>10</b></td> <td>Philippines</td> <td>65</td> <td>69</td> <td>63</td> <td>66</td> <td>73</td> <td>80</td> <td>58</td> <td>60</td> </tr><tr><td><b>11</b></td> <td>Thailand</td> <td>65</td> <td>74</td> <td>60</td> <td>68</td> <td>77</td> <td>87</td> <td>58</td> <td>72</td> </tr><tr><td><b>12</b></td> <td>China</td> <td>64</td> <td>60</td> <td>55</td> <td>53</td> <td>76</td> <td>73</td> <td>65</td> <td>59</td> </tr><tr><td><b>13</b></td> <td>India</td> <td>60</td> <td>63</td> <td>55</td> <td>59</td> <td>72</td> <td>69</td> <td>55</td> <td>63</td> </tr><tr><td><b>14</b></td> <td>Japan</td> <td>60</td> <td>60</td> <td>61</td> <td>61</td> <td>69</td> <td>70</td> <td>43</td> <td>42</td> </tr></tbody></table> Methodology<p>The Index is based on a survey of consumers from 25 markets across APMEA and comprises questions covering three major components:</p> <ul> <li>Basic Money Management (50% weight): To determine the level of basic money management skills in terms of budgeting, savings, and responsibility of credit usage.</li> <li>Financial Planning (30% weight): To assess level of knowledge about financial products, services, and concepts, and ability to plan for long-term financial needs.</li> <li>Investment (20% weight): To determine basic understanding of the various risks associated with investment, different investment products and skills required.</li> </ul> <p></p> <p>A Financial Literacy Index Score for each market was calculated out of the weighted sum of the 3 components.</p> <p></p> <p>Regional Aggregates are calculated via the average of the individual country components before applying the weights described above.</p> <p>Interviews for the MasterCard Worldwide Financial Literacy Index were conducted via internet surveys, personal, telephone and Computer Aided Telephone interviews, with the questionnaire translated to the local language wherever appropriate and necessary.</p> <p></p> About MasterCard Worldwide<p><a href="http://www.mastercard.com/index.html" target="_blank"><b>MasterCard</b></a> (NYSE: MA), <a href="http://www.mastercard.com/" target="_blank"><b>www.mastercard.com</b></a>,<b> </b>is a global payments and technology company. It operates the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard’s products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter <a href="https://twitter.com/#!/MasterCardNews" target="_blank"><b>@mastercardnews</b></a><b>, </b>join the conversation on <b><a href="http://newsroom.mastercard.com/blog/" target="_blank">Cashless Conversations Blog</a></b> and <a href="http://newsroom.mastercard.com/subscribe/" target="_blank"><b>subscribe</b></a> for the latest <a href="http://newsroom.mastercard.com/" target="_blank"><b>news</b></a>.</p> <p>For more information on the latest MasterCard activities and promotions, log on to the official MasterCard Weibo site at:&nbsp; <a href="http://weibo.com/mastercardchina" target="_blank"><b>http://weibo.com/mastercardchina</b></a></p> <p></p> The MasterCard Worldwide Index of Financial Literacy is based on a survey conducted between 24 April 2012 and 10 June 2012 with 6904 respondents aged 18 – 64 in 14 Asia/Pacific countries. This is the 3rd survey of Financial Literacy conducted since 2010.http://www1.mastercard.com/content/intelligence/en/research/press-release/2012/greater-china-sees-rise-in-financial-literacy-levels-mastercard-survey2012-07-23T16:00:00.000Z2012-07-23T16:00:00.000ZChina Ties with Thailand for Top Spot in MasterCard’s Asia/Pacific Online Shopping Survey Huanyu Wu, Tang Fei / Edward GuoFrequency of online shopping in China rises; 93% of respondents likely to make an online purchase in next six months<p><b><i>Beijing, 13 April 2012</i></b> – Online shopping continues to be a significant trend in the Chinese market, according to the results of the latest<b> <a href="http://newsroom.mastercard.com/asia-pacific/" target="_blank">MasterCard</a> </b>survey on Online Shopping. Over 80% of Chinese respondents indicated they use the internet to shop online.&nbsp; This compares with 58% in Hong Kong and 64% in Taiwan. Thailand, one of the fastest growing markets for online shopping in Asia, tied for top spot with China.</p> <p>This study is part of the annual Online Shopping Survey by MasterCard and was conducted both online and offline in 25<i> </i><i>Asia/Pacific, Middle East &amp;</i><i> </i>Africa markets between 5 December 2011 and 6 February 2012. This report for China is based on 500 respondents who access the internet at least weekly.&nbsp; The data was weighted to the online population in each of those markets.</p> <p>The survey found that while the number of Chinese respondents using the internet for online shopping fell slightly by 4% from last year, those that continue to do so are moving more of their shopping to internet channels.&nbsp; Hong Kong and Taiwan also saw slight decreases in their numbers.</p> <p>95% of Chinese respondents who used the internet to shop online did so at least once in the last three months.&nbsp; On average, about seven purchases were made by each shopper during this period.&nbsp; In contrast, 79% of Hongkongers have shopped online in the past three months, each making at least three purchases; while 82% of Taiwanese have shopped online in the last three months, making about four purchases per person.</p> <p>93% of those surveyed in China said they are likely to make an online purchase in the next three months.&nbsp; This figure holds steady with last year’s.&nbsp; China and Thailand, which recorded identical scores, emerged top in this aspect across the Asia Pacific region.&nbsp; Elsewhere, respondents from Korea (84%) and Malaysia (79%) also showed a high intent to purchase online over the next six months. Meanwhile, respondents from Vietnam also indicated a high intent to purchase online (87%). The survey showed that only 61% of the respondents from Vietnam intend to use the internet for online shopping, suggesting online shopping is still largely transactional in the country.</p> <p></p> Attitudes towards online shopping in china<p>Chinese respondents who shopped online did so because it was convenient (86%) and cheaper than shopping in retail shops (79%).&nbsp; Interestingly, almost three in four respondents felt that e-commerce was ‘essential’.&nbsp; Shoppers indicated they would shop more frequently if consumer confidence in payment security was increased (67%), additional charges on online transactions were waived (61%) and e-commerce websites were more user-friendly (55%).</p> <p>“Online retail trends in China remained strong, while both Hong Kong and Taiwan saw a marked increase in the number of online transactions over the last year, making the e-commerce market in the Greater China region one of the world’s most valuable,” said <b><a href="http://newsroom.mastercard.com/people/lhai/" target="_blank">Ling Hai, Division President of Greater China for MasterCard Worldwide</a>.</b></p> <p>“With the rapid adoption of online retail, we are seeing significant growth potential here.&nbsp; Physical retailers that want a slice of the online pie need to not only understand how established e-commerce sites have been shaping their online presence but also look into engaging consumers via multiple online and offline channels.”</p> <p>Mobile applications or ‘apps’, airline tickets, books, CDs and DVDs, and deals from coupon websites were the categories the Chinese spent most on when shopping online.</p> <p></p> Approximate value of online vs. offline shopping in China <p style="text-align: center;"><a href="/content/dam/intelligence/content-assets/ChinaTiesWithThailand.jpg" target="_blank"><img width="262" height="209" src="/content/dam/intelligence/content-assets/ChinaTiesWithThailand.jpg"></a></p> <p>Chinese online shoppers are also generally savvy, with over 70% of the respondents browsing the actual product of interest in retail stores or reading about the product online before buying it.&nbsp;&nbsp;</p> Impulse purchases online – motivations <p>At the same time, 36% of online shoppers have made an impulse purchase, most or almost every time they browse a product online. 60% say they are more likely to buy impulsively online than offline (versus 55% in 2010 and 47% in 2009).&nbsp; Common reasons given for impulse shopping include online deals and promotions (66%), product advertisements (43%), and the availability of a product only on the internet (41%).&nbsp; Most impulse purchases are made on clothing and accessories, coupon websites and for books, CDs and DVDs.</p> Chinese shoppers more confident of online shopping security<p>The survey also showed a 20% fall from last year in the number of Chinese respondents concerned with the security of online transactions, indicating that Chinese shoppers are more comfortable using their credit cards to pay for online purchases now, compared with previous years.</p> Chinese prefer local e-commerce stores over foreign ones<p>In general, those surveyed said they preferred to shop at local e-commerce websites over foreign ones for convenience, as most products are available on Chinese websites, and are likely to arrive sooner than international orders. However, respondents between the ages of 18 and 24-years-old are most likely to shop on foreign websites.</p> <p>Respondents who did shop at foreign websites mostly frequented clothing and accessories (15%), personal care and beauty products (14%) and home appliances and electronic products (12%) webstores.</p> <p>Across the Asia Pacific region, the most common online purchases comprised clothing and accessories (36%), coupons and deals (33%), books and DVDs (32%), and cinema tickets (31%).</p> <p>Below are additional findings from the survey:</p> <ul> <li>Those aged 35 to 44-years-old are most likely to shop online, with 96% respondents in this age group indicating that they had shopped online at least once in the last three months.&nbsp; The average number of purchases made over three months by this age group was 7.6.</li> </ul> <ul> <li>The e-commerce websites of choice for the Chinese are Taobao (27%), Amazon (12%), Dangdang (11%) and 360Buy (10%).</li> </ul> <ul> <li>29% of the clothing and accessories e-commerce stores visited by the Chinese are luxury or high-end websites.&nbsp; This figure is just slightly higher than the region’s 28%.</li> </ul> <ul> <li>84% of those surveyed said they checked e-commerce websites on a regular basis for the latest deals and promotions.&nbsp; This is significantly higher than the Asia Pacific region’s average of 69%.&nbsp; In comparison, only half of the Hongkongers and approximately three-quarters of the Taiwanese said they did this regularly.</li> </ul> <ul> <li>The survey showed that ‘Computer Software’ and ‘Music Downloads’ were the product categories that saw most consumers in China researching for online but the least number of purchases made.&nbsp; This could be reflective of the high software and music piracy levels observed in China.</li> </ul> <ul> <li>Overall, the survey showed that online shopping satisfaction levels in China have risen from just under 7 in 10 people in 2011, to just under 8 in 10 people being satisfied with their purchases or experiences.</li> </ul> <p>&nbsp;For the full report in English, go to: <b><a href="http://www.masterintelligence.com/" target="_blank">www.masterintelligence.com</a></b></p> MasterCard and its Suite of Research Properties Asia/Pacific, Middle East & Africa<p>The MasterCard Worldwide Index suite in Asia/Pacific, Middle East and Africa includes the long-running MasterCard Worldwide Index of Consumer Confidence, as well as the&nbsp;MasterCard Worldwide Index of Women’s Advancement, Online Shopping,&nbsp;Index of Financial Literacy, and the&nbsp;<a href="http://newsroom.mastercard.com/digital-press-kits/mastercard-global-destination-cities-index-2013/" target="_blank"><b>Index of Global Destination Cities</b></a>. In addition to the Indices, MasterCard’s research properties also include a range of consumer surveys including Ethical Spending&nbsp;and a series on&nbsp;Consumer Purchasing Priorities&nbsp;(covering&nbsp;Travel,&nbsp;Dining &amp; Entertainment, Education,&nbsp;Money Management,&nbsp;Luxury&nbsp;and General Shopping).</p> <p>MasterCard also regularly releases Insights reports providing analysis of business dynamics, financial policies and regulatory activities in the Asia/Pacific, Middle East and Africa region. Over 80 Insights reports have been produced since 2004.</p> <p>MasterCard has also released a series of four books on Asian consumer insights, authored by&nbsp;<a href="http://newsroom.mastercard.com/people/dyuwa/" target="_blank"><b>Dr. Yuwa Hedrick-Wong</b></a>, Global Economic Advisor for MasterCard Worldwide and published by John Wiley &amp; Sons.</p> <p></p> About Mastercard<p><a href="http://www.mastercard.com/index.html" target="_blank"><b>MasterCard</b></a> (NYSE: MA), <a href="http://www.mastercard.com/" target="_blank"><b>www.mastercard.com</b></a>,<b> </b>is a global payments and technology company. It operates the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard’s products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter <a href="https://twitter.com/#!/MasterCardNews" target="_blank"><b>@mastercardnews</b></a><b>, </b>join the conversation on <a href="http://newsroom.mastercard.com/blog/" target="_blank"><b>The Heart of Commerce Blog</b></a> and <a href="http://newsroom.mastercard.com/subscribe/" target="_blank"><b>subscribe</b></a> for the latest <a href="http://newsroom.mastercard.com/" target="_blank"><b>news</b></a>.</p> <p>For more information on the latest MasterCard activities and promotions, log on to the official MasterCard Weibo site at:&nbsp; <b><a href="http://weibo.com/mastercardchina" target="_blank">http://weibo.com/mastercardchina</a></b></p> <p></p> Contacts:<p>Huanyu Wu<br> MasterCard Worldwide<br> <a href="mailto:huanyu_wu@mastercard.com">huanyu_wu@mastercard.com</a><br> (86-10) 8519 9304<br> <br> Tang Fei / Edward Guo<br> Weber Shandwick Worldwide<br> <a href="mailto:eguo@webershandwick.com">eguo@webershandwick.com</a><br> (86-10) 8569-9979 / (86-10) 8569-9926<br> </p> The survey, which serves as a benchmark that measures consumers’ propensity to shop online, was conducted across 25 markets between 5 December 2011 and 6 February 2012. http://www1.mastercard.com/content/intelligence/en/research/press-release/2012/china-ties-with-thailand-for-top-spot-in-mastercard-asia-pacific-online-shopping-survey2012-04-12T16:00:00.000Z2012-04-12T16:00:00.000ZHong Kong Tops Asia/Pacific Region on Investment Knowledge: MasterCard Survey Gloria Lai, Matthew Liu Hong Kong Tops Asia/Pacific Region on Investment Knowledge: MasterCard Survey <p><i>Consumers in Hong Kong amongst the savviest in Asia/Pacific when it comes to financial literacy and money management</i></p> <p><b><i>Hong Kong, 2 August 2012</i></b>: Hongkongers are the most financially savvy in terms of investment knowledge and the city ranked third in terms of overall level of financial literacy, according to <a href="http://newsroom.mastercard.com/asia-pacific/" target="_blank"><b>MasterCard</b></a> research.</p> <p>The MasterCard Worldwide Index of Financial Literacy is based on a survey conducted between 24 April 2012 and 10 June 2012 with 6,904 respondents aged 18 to 64 in 14 Asia/Pacific<sup>[<a href="#1">1</a>]</sup> countries. This is the third survey of Financial Literacy conducted since 2010. The survey polled consumers on three aspects of financial literacy including their basic money management skills, investment knowledge and financial planning to determine the level of basic money management skills in terms of budgeting, savings, and responsibility of credit usage. <i>The survey and its accompanying reports do not represent MasterCard financial performance.</i></p> <p>In terms of overall financial literacy, Hong Kong scored 71 index points – alongside Australia and Singapore – following closely behind Taiwan and New Zealand who tied for first place with 73 index points each. Notably, Hong Kong jumped up from sixth position when the survey was first conducted in 2010.</p> <p></p> <p>Hong Kong (68%) continues to top the investment knowledge component of the research, followed by Taiwan (67%) and China (65%). The survey showed that respondents in Hong Kong have a particularly strong understanding of bank statements, and scored above the regional average for monitoring investments (82% vs. regional average of 67%), and working out the suitability of financial products (80% vs. regional average of 78%).</p> <p></p> <p>Hong Kong also moved up from fourth to third rank (72%) when asked about basic money management skills such as day-to-day budgeting, keeping up with bills, credit commitments and setting money aside for big purchases, just behind New Zealand (77%) and Australia (75%). However, on the financial planning front, Hong Kong ranked eleventh, scoring noticeably lower than most of the Asia/Pacific markets (72% vs. regional average of 76%).&nbsp;</p> <p></p> <p>“The MasterCard Worldwide Index of Financial Literacy has provided us with fresh insights into Hong Kongers aptitude for, and knowledge of, managing their finances,” said Jeroen van Son, head of Hong Kong and Macau, MasterCard Worldwide. “It is clear from the findings that people in Hong Kong possess strong investment skills and knowledge, reinforcing Hong Kong as an international finance hub. Notably, we are also seeing women in Hong Kong demonstrating strong money management skills and this is a very encouraging sign as there is a compelling need for women to be more capable of managing their finances in today’s society.”</p> <p></p> <p></p> <p></p> <p><i><b>[<a name="1"></a>1]</b></i><i> </i><i>Australia, China, Hong Kong, India, Indonesia, Japan, Malaysia, New Zealand, Philippines, Singapore, South Korea, Taiwan, Thailand, Vietnam</i></p> <p></p> <p></p> <p></p> Greater China Highlights<ul> <li>In terms of overall financial literacy, Taiwan tied for first place with New Zealand, jumping from fifth rank in 2010.<b></b></li> <li>Taiwan performed well in a wide range of categories, coming in first place in the financial planning component of the research, in their understanding of unsecured loans, the need for emergency savings and insurance, early financial planning, as well as their understanding of the concept of inflation.</li> <li>China, despite its overall improvement in financial literacy, still ranked low when compared with other Asia/Pacific markets, coming in at 12<sup>th</sup> place and scoring three points below the regional average of 67 index points.</li> <li>Overall, the Index demonstrated higher levels of financial literacy amongst the above-average income earners, and those who held managerial positions, among the three Greater China markets.&nbsp;</li> </ul> <p></p> MasterCard Worldwide Index of Financial Literacy<table border="0" cellspacing="0" cellpadding="0" width="427"> <tbody><tr><th class="table-description" colspan="2" rowspan="3"><b>Ranking</b></th> <th class="table-description" colspan="4"><b>Scores (%) </b></th> </tr><tr><th class="table-description" rowspan="2"><b>Overall Financial Literacy Index</b></th> <th class="table-description" colspan="3"><b>Components of Financial Literacy Index</b></th> </tr><tr><th class="table-description"><b>Basic Money Management</b></th> <th class="table-description"><b>Financial Planning</b></th> <th class="table-description"><b>Investment</b></th> </tr><tr><td width="111" colspan="2" rowspan="2"><b>Asia/Pacific </b></td> <td><b>2012H1</b></td> <td><b>2012H1</b></td> <td><b>2012H1</b></td> <td><b>2012H1</b></td> </tr><tr><td>67</td> <td>65</td> <td>76</td> <td>59</td> </tr><tr><td><b>1</b></td> <td>Taiwan</td> <td>73</td> <td>70</td> <td>83</td> <td>67</td> </tr><tr><td><b>2</b></td> <td>New Zealand</td> <td>73</td> <td>77</td> <td>73</td> <td>62</td> </tr><tr><td><b>3</b></td> <td>Hong Kong</td> <td>71</td> <td>72</td> <td>72</td> <td>68</td> </tr><tr><td><b>4</b></td> <td>Australia</td> <td>71</td> <td>75</td> <td>69</td> <td>64</td> </tr><tr><td><b>5</b></td> <td>Singapore</td> <td>71</td> <td>69</td> <td>80</td> <td>61</td> </tr><tr><td><b>6</b></td> <td>Malaysia</td> <td>68</td> <td>64</td> <td>79</td> <td>60</td> </tr><tr><td><b>7</b></td> <td>Indonesia</td> <td>67</td> <td>65</td> <td>81</td> <td>51</td> </tr><tr><td><b>8</b></td> <td>Vietnam</td> <td>66</td> <td>60</td> <td>82</td> <td>60</td> </tr><tr><td><b>9</b></td> <td>South Korea</td> <td>66</td> <td>61</td> <td>83</td> <td>54</td> </tr><tr><td><b>10</b></td> <td>The Philippines</td> <td>65</td> <td>63</td> <td>73</td> <td>58</td> </tr><tr><td><b>11</b></td> <td>Thailand</td> <td>65</td> <td>60</td> <td>77</td> <td>58</td> </tr><tr><td><b>12</b></td> <td>China</td> <td>64</td> <td>55</td> <td>76</td> <td>65</td> </tr><tr><td><b>13</b></td> <td>India</td> <td>60</td> <td>55</td> <td>72</td> <td>55</td> </tr><tr><td><b>14</b></td> <td>Japan</td> <td>60</td> <td>61</td> <td>69</td> <td>43</td> </tr></tbody></table> Methodology<p>The Index is based on a survey of consumers from 25 markets across APMEA and comprises questions covering three major components:</p> <ul> <li>Basic Money Management (50% weight): To determine the level of basic money management skills in terms of budgeting, savings, and responsibility of credit usage.</li> <li>Financial Planning (30% weight): To assess level of knowledge about financial products, services, and concepts, and ability to plan for long-term financial needs.</li> <li>Investment (20% weight): To determine basic understanding of the various risks associated with investment, different investment products and skills required.</li> </ul> <p></p> <p>A Financial Literacy Index Score for each market was calculated out of the weighted sum of the 3 components.</p> <p></p> <p>Regional Aggregates are calculated via the average of the individual country components before applying the weights described above.</p> <p>Interviews for the MasterCard Worldwide Financial Literacy Index were conducted via internet surveys, personal, telephone and Computer Aided Telephone interviews, with the questionnaire translated to the local language wherever appropriate and necessary.</p> <p></p> About MasterCard Worldwide<p><a href="http://www.mastercard.com/index.html" target="_blank"><b>MasterCard</b></a>&nbsp;(NYSE: MA),&nbsp;<a href="http://www.mastercard.com/" target="_blank"><b>www.mastercard.com</b></a>,<b>&nbsp;</b>is a technology company in the global payments industry. We operate&nbsp;the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard’s products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter <a href="https://twitter.com/#!/MasterCardNews" target="_blank"><b>@MasterCardNews</b></a><b>,&nbsp;</b>join the discussion on the&nbsp;<a href="http://newsroom.mastercard.com/blog/" target="_blank"><b>Cashless Conversations Blog</b></a>&nbsp;and&nbsp;<a href="http://newsroom.mastercard.com/subscribe/" target="_blank"><b>subscribe</b></a>&nbsp;for the latest <a href="http://newsroom.mastercard.com/" target="_blank"><b>news</b></a>.</p> Contacts:<p>Gloria Lai<br> (852) 2533 9983,<br> <a href="mailto:glai@webershandwick.com">glai@webershandwick.com</a></p> <p></p> <p>Matthew Liu<br> (852) 2533 9927,<br> <a href="mailto:mliu@webershandwick.com">mliu@webershandwick.com</a></p> <p><i><p></p> </i></p> <p></p> The MasterCard Worldwide Index of Financial Literacy is based on a survey conducted between 24 April 2012 and 10 June 2012 with 6904 respondents aged 18 – 64 in 14 Asia/Pacific countries. This is the 3rd survey of Financial Literacy conducted since 2010http://www1.mastercard.com/content/intelligence/en/research/press-release/2012/hong-kong-tops-asiapacific-region-on-investment-knowledge-mastercard-survey2012-08-01T16:00:00.000Z2012-08-01T16:00:00.000ZWomen in India are Closing the Gender Gap on Financial Literacy: MasterCard Survey Neha Singhvi, Vani KhuranaResearch on Day-to-day Financial Planning Led by Mature Markets; Women in Emerging Markets Fare Better than Men on Basic Money Management<p><b><i>India 1 July 2012</i></b> – People in mature markets may prove to be better financial planners overall but it is women in emerging markets who remain dominant when it comes to basic money management, according to <b><a href="http://newsroom.mastercard.com/asia-pacific/" target="_blank">MasterCard</a>&nbsp;</b>research.</p> <p>The MasterCard Worldwide Index of Financial Literacy is based on a survey conducted between 24 April 2012 and 10 June 2012 with 6904 respondents aged 18 – 64 in 14 Asia/Pacific<sup>[<a href="#1">1</a>]</sup> countries. This is the 3rd survey of Financial Literacy conducted since 2010. The survey polled consumers on three aspects of financial literacy including their basic money management skills, investment knowledge and financial planning to determine the level of basic money management skills in terms of budgeting, savings, and responsibility of credit usage. <i>The survey and its accompanying reports do not represent MasterCard financial performance.</i></p> <p></p> <p>In terms of overall financial literacy, Taiwan and New Zealand tied for first place with a score of 73 index points each, with Taiwan jumping up from 5<sup>th</sup> rank in 2010. Following close behind with 71 index points each are Hong Kong, Australia and Singapore. Notably, Hong Kong jumped up from 6<sup>th</sup> position when the survey was conducted in 2010. Thailand, first in the region two years ago, fell 10 rankings to 11<sup>th</sup> in 2012 with 65 index points. China and India were ranked the lowest in the basic money management index scoring 55 index points each.</p> <p></p> <p>Women showed slightly better scores than men&nbsp; in Asia/Pacific’s emerging markets with Philippines leading the region with financial literacy scores that were 9% better than men’s, followed by Vietnam (6%) and Malaysia (5%).</p> <p></p> <p><b><a href="http://newsroom.mastercard.com/people/t-v-seshadri/" target="_blank">Mr. T.V. Sesha</a><a href="http://newsroom.mastercard.com/people/t-v-seshadri/" target="_blank">dri</a>,</b> Division President, South Asia, said: “The index has provided fresh insights into the aptitude and knowledge of managing finances for women in India. It is encouraging to see that women are at par with men when it comes to financial literacy, but there is still a lot of work to be done to improve levels of financial literacy across the board. As an organization <b><a href="http://newsroom.mastercard.com/2012/07/17/empowering-women-and-improving-lives-in-india-through-financial-inclusion/#comments" target="_blank">committed to the empowerment of women in our communities</a>,</b> MasterCard will continue to work towards raising levels of financial literacy in the region, enabling women to earn a livelihood and better the lives of their family and the community they live in.”</p> <p>As part of its commitment to economic empowerment for individuals, MasterCard recently pledged INR 2,500,000 to the <a href="http://www.sewa.org/" target="_blank"><b>Self Employed Women’s Association (SEWA)</b></a>, an organization that helps women in India secure employment opportunities, empowering them to self-reliance with supportive services. The financial aid helped fund the set-up of SEWA’s <b><a href="http://newsroom.mastercard.com/press-releases/mastercard-and-sewa-enable-womens-empowerment-in-india/" target="_blank">seventh Rural Urban Development Initiative (RUDI) Processing Centre</a> </b>at Bodeli, Gujarat. The centre will benefit approximately 2000 farmers and 400 SEWA members. Under this program supported by MasterCard, SEWA members will provide necessary training to empower the centre’s workforce with necessary skill sets as per the needs and demands of the market. As more women are trained to run the centre, they will become entrepreneurs, retailing in the neighboring areas, thereby sustaining the business activities of the centre.</p> <p>MasterCard recently also tied up with Literacy India to help 705 women from 16 centres to upgrade their skills in modern design and advanced finishing techniques. This works to support and encourage women to transform themselves into entrepreneurs and increase their earning power.</p> <p>The overall results of the survey for Asia Pacific also provided some interesting highlights. New Zealanders (77%) fared the best when asked about basic money management skills such as day-to-day budgeting, keeping up with bills, credit commitments and setting money aside for big purchases, followed by Australia in 2<sup>nd</sup> (75%) and Hong Kong (72%) moving up one spot from 4<sup>th</sup> in 2010 to 3<sup>rd</sup> in 2012.</p> <p></p> <p>Hong Kong (68%), Taiwan (67%) and China (65%) topped the investment component of the research. More respondents in these markets understood their bank statements and complex investment concepts such as diversification and inflation.</p> <p></p> <p>Koreans proved to have the region’s most improved scores for financial planning (83%) up 12 places from the 2010 survey. Survey respondents from Taiwan (83%) and Vietnam (82%) also saved more regularly and were better prepared than their regional counterparts when it came to retirement preparations and emergency savings.</p> <p></p> <p>In mature markets, respondents over 30 years of age appeared to score higher in financial literacy compared to their counterparts under the age of 30. This was especially seen in markets like New Zealand (76% vs. 65%), Australia (74% vs. 64%) and Taiwan (74% vs. 70%) where respondents over 30 years old were clearly leading the pack.</p> <p></p> <p></p> <p></p> <p><i><b>[1<a name="1"></a>] </b>Australia, China, Hong Kong, India, Indonesia, Japan, Malaysia, New Zealand, Philippines, Singapore, South Korea, Taiwan, Thailand, Vietna</i>m</p> <p></p> <p></p> <p></p> Methodology<p>The Index is based on a survey of consumers from 25 markets across APMEA and comprises questions covering three major components:</p> <ul> <li>Basic Money Management (50% weight): To determine the level of basic money management skills in terms of budgeting, savings, and responsibility of credit usage.</li> <li>Financial Planning (30% weight): To assess level of knowledge about financial products, services, and concepts, and ability to plan for long-term financial needs.</li> <li>Investment (20% weight): To determine basic understanding of the various risks associated with investment, different investment products and skills required.</li> </ul> <p></p> <p>A Financial Literacy Index Score for each market was calculated out of the weighted sum of the 3 components.</p> <p></p> <p>Regional Aggregates are calculated via the average of the individual country components before applying the weights described above.</p> <p>Interviews for the MasterCard Worldwide Financial Literacy Index were conducted via internet surveys, personal, telephone and Computer Aided Telephone interviews, with the questionnaire translated to the local language wherever appropriate and necessary.</p> <p></p> About MasterCard Worldwide<p><a href="http://www.mastercard.com/index.html" target="_blank"><b>MasterCard</b></a>&nbsp;(NYSE: MA),&nbsp;<a href="http://www.mastercard.com/" target="_blank"><b>www.mastercard.com</b></a>,<b>&nbsp;</b>is a technology company in the global payments industry. We operate&nbsp;the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard’s products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter <a href="https://twitter.com/#!/MasterCardNews" target="_blank"><b>@MasterCardNews</b></a><b>,&nbsp;</b>join the discussion on the&nbsp;<a href="http://newsroom.mastercard.com/blog/" target="_blank"><b>Cashless Conversations Blog</b></a>&nbsp;and&nbsp;<a href="http://newsroom.mastercard.com/subscribe/" target="_blank"><b>subscribe</b></a>&nbsp;for the latest <a href="http://newsroom.mastercard.com/" target="_blank"><b>news</b></a>.</p> Contacts:<p>Neha Singhvi,<br> Corporate Voice Weber Shandwick Pvt. Ltd.,<br> <a href="mailto:nsinghvi@corvoshandwick.co.in" target="_blank">nsinghvi@corvoshandwick.co.in</a>,<br> +91 - 9650033899</p> <p>Vani Khurana,<br> Corporate Voice Weber Shandwick Pvt. Ltd.,<br> <a href="mailto:vanikhurana@corvoshandwick.co.in" target="_blank">vanikhurana@corvoshandwick.co.in</a>,<br> +91- 9810947602</p> <p></p> The MasterCard Worldwide Index of Financial Literacy is based on a survey conducted between 24 April 2012 and 10 June 2012 with 6904 respondents aged 18 – 64 in 14 Asia/Pacific countries. This is the 3rd survey of Financial Literacy conducted since 2010.http://www1.mastercard.com/content/intelligence/en/research/press-release/2012/women-in-india-are-closing-the-gender-gap-on-financial-literacy-mastercard-survey2012-06-30T16:00:00.000Z2012-06-30T16:00:00.000ZSingapore Ranks Second in Asia/Pacific Region for Financial Literacy: MasterCard Survey Wendy Toh, Joey PhuaResearch on Day-to-day Financial Planning Led by Mature Markets; Women in Emerging Markets Fare Better than Men on Basic Money Management<p><b><i>Singapore, 24 July 2012</i></b> – People in mature markets may prove to be better financial planners overall but it is women in emerging markets who remain dominant when it comes to basic money management, according to<b>&nbsp;<a href="http://newsroom.mastercard.com/asia-pacific/" target="_blank">MasterCard</a></b>&nbsp;research.</p> <p>The MasterCard Worldwide Index of Financial Literacy is based on a survey conducted between 24 April 2012 and 10 June 2012 with 6904 respondents aged 18 – 64 in 14 Asia/Pacific<sup>[<a href="#1">1</a>]</sup> countries. This is the 3rd survey of Financial Literacy conducted since 2010. The survey polled consumers on three aspects of financial literacy including their basic money management skills, investment knowledge and financial planning to determine the level of basic money management skills in terms of budgeting, savings, and responsibility of credit usage. <i>The survey and its accompanying reports do not represent MasterCard financial performance.</i></p> <p></p> <p>In terms of overall financial literacy, Taiwan and New Zealand tied for first place with a score of 73 index points each, with Taiwan jumping up from 5<sup>th</sup> rank in 2010. Following close behind with 71 index points each are Singapore, Hong Kong, and Australia. Thailand, first in the region two years ago, fell 10 rankings to 11<sup>th</sup> in 2012 with 65 index points. Japan and India ranked at the bottom of the financial literacy rankings with 60 index points each.</p> <p></p> <p>New Zealanders (77%) fared the best when asked about basic money management skills such as day-to-day budgeting, keeping up with bills, credit commitments and setting money aside for big purchases, followed by Australia in 2<sup>nd</sup> (75%) and Hong Kong (72%) moving up one spot from 4<sup>th</sup> in 2010 to 3<sup>rd</sup> in 2012. Singapore moves in at 5<sup>th</sup> place (69%).</p> <p></p> <p>Hong Kong (68%), Taiwan (67%) and China (65%) topped the investment component of the research. Singapore is placed in 6<sup>th</sup> position, up two notches from 8<sup>th</sup> in 2010. More respondents in these markets understood their bank statements and complex investment concepts such as diversification and inflation.</p> <p></p> <p>Women showed slightly better scores than men&nbsp; in Asia/Pacific’s emerging markets with Philippines leading the region with financial literacy scores that were 9% better than men’s, followed by Vietnam (6%) and Malaysia (5%).</p> <p></p> <p>Koreans proved to have the region’s most improved scores for financial planning (83%) up 12 places from the 2010 survey. Survey respondents from Taiwan (83%) and Vietnam (82%) also saved more regularly and were better prepared than their regional counterparts when it came to retirement preparations and emergency savings.</p> <p></p> <p>In mature markets, respondents over 30 years of age appeared to score higher in financial literacy compared to their counterparts under the age of 30. This was especially seen in markets like New Zealand (76% vs. 65%), Australia (74% vs. 64%), Taiwan (74% vs. 70%) and Singapore (73% vs. 66%) where respondents over 30 years old were clearly leading the pack.</p> <p></p> <p><a href="http://newsroom.mastercard.com/people/gtan/" target="_blank"><b>Georgette Tan</b></a>, group head, Communications, Asia/Pacific, Middle East &amp; Africa, MasterCard Worldwide, said: “Overall the MasterCard Worldwide Index of Financial Literacy paints a promising picture of financial understanding across the region. Households in Asia/Pacific are clearly taking responsibility when it comes to day-to-day financial planning, and it’s interesting to note that a growing proportion of women are taking the lead in financial matters. Notably, women in emerging markets continue to exhibit strong money management skills and this is a very encouraging sign.</p> <p></p> <p></p> <p></p> <p><i><b>[1<a name="1"></a>] </b>Australia, China, Hong Kong, India, Indonesia, Japan, Malaysia, New Zealand, Philippines, Singapore, South Korea, Taiwan, Thailand, Vietnam</i></p> <p></p> <p></p> <p></p> Methodology<p>The Index is based on a survey of consumers from 25 markets across APMEA and comprises questions covering three major components:</p> <ul> <li>Basic Money Management (50% weight): To determine the level of basic money management skills in terms of budgeting, savings, and responsibility of credit usage.</li> <li>Financial Planning (30% weight): To assess level of knowledge about financial products, services, and concepts, and ability to plan for long-term financial needs.</li> <li>Investment (20% weight): To determine basic understanding of the various risks associated with investment, different investment products and skills required.</li> </ul> <p></p> <p>A Financial Literacy Index Score for each market was calculated out of the weighted sum of the 3 components.</p> <p></p> <p>Regional Aggregates are calculated via the average of the individual country components before applying the weights described above.</p> <p>Interviews for the MasterCard Worldwide Financial Literacy Index were conducted via internet surveys, personal, telephone and Computer Aided Telephone interviews, with the questionnaire translated to the local language wherever appropriate and necessary.</p> <p></p> About MasterCard Worldwide<p><a href="http://www.mastercard.com/index.html" target="_blank"><b>MasterCard</b></a>&nbsp;(NYSE: MA),&nbsp;<a href="http://www.mastercard.com/" target="_blank"><b>www.mastercard.com</b></a>,<b>&nbsp;</b>is a technology company in the global payments industry. We operate&nbsp;the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard’s products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter <a href="https://twitter.com/#!/MasterCardNews" target="_blank"><b>@MasterCardNews</b></a><b>,&nbsp;</b>join the discussion on the&nbsp;<a href="http://newsroom.mastercard.com/blog/" target="_blank"><b>Cashless Conversations Blog</b></a>&nbsp;and&nbsp;<a href="http://newsroom.mastercard.com/subscribe/" target="_blank"><b>subscribe</b></a>&nbsp;for the latest <a href="http://newsroom.mastercard.com/" target="_blank"><b>news</b></a>.</p> Contacts:<p>Wendy Toh,<br> Weber Shandwick,<br> <a href="mailto:wtoh@webershandwick.com">wtoh@webershandwick.com</a>,<br> +65 6825 8038<b></b></p> <p>Joey Phua,<br> Weber Shandwick,<br> <a href="mailto:jphua@webershandwick.com">jphua@webershandwick.com</a>,<br> +65 6825 8010</p> <p></p> The MasterCard Worldwide Index of Financial Literacy is based on a survey conducted between 24 April 2012 and 10 June 2012 with 6904 respondents aged 18 – 64 in 14 Asia/Pacific countries. This is the 3rd survey of Financial Literacy conducted since 2010.http://www1.mastercard.com/content/intelligence/en/research/press-release/2012/singapore-ranks-second-in-asiapacific-region-for-financial-literacy-mastercard-survey2012-07-23T16:00:00.000Z2012-07-23T16:00:00.000ZBaby Boomers Prefer Aussie Online Retailers Tim ScarfeMasterCard Survey: Young Purchasers Buy Overseas while Older Generations Shop Closer to Home<p><b><i>Sydney, 1 March 2012: </i></b>Older generations are continuing to strongly buy Australian, with those aged 50 to 64 years old making online purchases from retailers located onshore 71 per cent of the time, according to the latest <a href="http://newsroom.mastercard.com/asia-pacific/" target="_blank"><b>MasterCard</b></a> Worldwide Survey on Online Shopping Behaviour.</p> <p>The new research finds that age now has a greater influence on internet shopping habits than ever before, showing a widening gap between the generations when it comes to buying online.</p> <p>When asked why they prefer to shop online through local retailers, 40 per cent of shoppers said it is faster while 33 per cent cited convenience as the chief motivating factor. Almost a quarter (23 per cent) also believed buying locally was cheaper than shopping through overseas outlets.</p> <p>MasterCard’s research found that 42 per cent of all online purchases made by 18-24 year old shoppers were through international retail sites.</p> <p>However Australian’s aged 45-49 were the most prolific online shoppers, with 83 per cent accessing the internet for online shopping in the past three months. Baby boomers also proved to be the greatest online purchasers, with shoppers aged 50 to 64 years old buying almost five products online in the last three months alone.</p> <p>MasterCard Australia Country Manager, Andrew Cartwright, said that the difference in behaviour between age groups is growing, and what is becoming clear is a strong underlying desire – especially among older shoppers – to support the local industry and buy Australian.</p> <p>“While the rise of ecommerce can sometimes create disruptions and challenges for the local retail sector, it also presents lucrative opportunities for local outlets to harness a growing desire to buy Australian whilst online.” &nbsp;</p> <p>“The Australian online retail market is developing quickly and changing constantly. We are seeing a renewed push by major department stores and iconic local brands to reinvigorate their online offerings and cater to the heightened demands of savvy online shoppers.”</p> <p>“More and more, shoppers are rewarding local stores who invest in and update their online presence. Presenting an innovative and fun experience is becoming a vital tactic for those wishing to gain a loyal customer base,” he added.</p> <p>A dramatic rise in online purchases by baby boomers and Gen X shoppers has not only put local retailers in the spotlight, but amplified the need for easy, fast and safe transactions regardless of the sales channel.</p> <p>Mr. Cartwright said that the growth of online transactions from these demographic groups will lead to even greater diversity in online retailers.&nbsp;</p> <p></p> Notes to editor<p>Further insights revealed in the MasterCard Survey on Online Shopping Behaviour include:</p> <ul> <li>&nbsp;76 per cent of baby boomer respondents have made an online purchase within the past three months - this compares to 78 per cent of those in the 18-24 age group</li> <li>75 per cent of all money spent online by those aged 50 and over was processed by local merchants. Only 59 per cent of money spent by 18-24 year olds was processed locally</li> <li>Baby boomers are more concerned with security and customer service, with 95 per cent noting importance of a secure payment facility and 92 per cent stating good customer service was a deciding factor</li> <li>&nbsp;90 per cent of those who have made a purchase online within the past three months claim to be satisfied with the shopping experience</li> <li>&nbsp;53 per cent of respondents rate themselves as ‘very likely’ to make a purchase online within the next six months</li> </ul> <p></p> About Mastercard<p><a href="http://www.mastercard.com/index.html" target="_blank"><b>MasterCard</b></a> (NYSE: MA), <a href="http://www.mastercard.com/" target="_blank"><b>www.mastercard.com</b></a>,<b> </b>is a global payments and technology company. It operates the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard’s products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter <a href="https://twitter.com/#!/MasterCardNews" target="_blank"><b>@mastercardnews</b></a><b>, </b>join the conversation on <a href="http://newsroom.mastercard.com/blog/" target="_blank"><b>The Heart of Commerce Blog</b></a> and <a href="http://newsroom.mastercard.com/subscribe/" target="_blank"><b>subscribe</b></a> for the latest <a href="http://newsroom.mastercard.com/" target="_blank"><b>news</b></a>.<b></b></p> Contact<p>Tim Scarfe<br> Professional Public Relations<br> (02) 9818 0929<br> <a href="mailto:Timothy.scarfe@ppr.com.au">Timothy.scarfe@ppr.com.au</a><br> </p> The survey, which serves as a benchmark that measures consumers’ propensity to shop online, was conducted across 25 markets between 5 December 2011 and 6 February 2012. http://www1.mastercard.com/content/intelligence/en/research/press-release/2012/baby-boomers-prefer-aussie-online-retailers2012-02-29T16:00:00.000Z2012-02-29T16:00:00.000ZTaiwan Tops Asia/Pacific Region in Financial Literacy: MasterCard Survey Jonathan SeidmanConsumers in Taiwan Amongst Some of the Savviest in the Asia/Pacific Region When It Comes to Investing and Financial Planning<p><b><i>Taipei, 23 July 2012</i></b> –Taiwan emerged tops in MasterCard’s latest research on financial literacy in the Asia/Pacific region, reflecting respondents’ keen knowledge of financial products, services, and concepts, and ability to plan for their long-term financial needs.</p> <p>In terms of overall financial literacy, the Greater China markets fared very differently, despite all showing improved scores from the last survey conducted in 2010. Taiwan (and New Zealand) led the region with Taiwan jumping from 5<sup>th</sup> place in 2010 to the top spot with a score of 73 index points out of 100, while Hong Kong came in third with 71 index points, up from 6<sup>th</sup> place. China, despite its overall improvement in financial literacy, still ranked low when compared with other Asia/Pacific markets, coming in at 12<sup>th</sup> place, and scoring 3 points below the region’s average of 67 points.</p> <p></p> <p>Taiwan performed exceptionally well in a wide range of categories, coming in first place in&nbsp; the financial planning component of the research, in their understanding of unsecured loans, the need for emergency savings and insurance, early financial planning, as well as their understanding of the concept of inflation. Interestingly, the survey showed that men and women in Taiwan had an equally high level of financial literacy (73%).</p> <p>The MasterCard Worldwide Index of Financial Literacy is based on a survey conducted between 24 April 2012 and 10 June 2012 with 6904 respondents aged 18 – 64 in 14 Asia/Pacific<sup>[<a href="#1">1</a>]</sup> countries. This is the 3rd survey of Financial Literacy conducted since 2010. The survey polled consumers on three aspects of financial literacy including their basic money management skills, investment knowledge and financial planning to determine the level of basic money management skills in terms of budgeting, savings, and responsibility of credit usage. <i>The survey and its accompanying reports do not represent MasterCard financial performance.</i></p> <p></p> <p>Julie Yang, Head of Taiwan, MasterCard Worldwide said, &quot;The results of the latest MasterCard Worldwide Index of Financial Literacy show that Taiwanese are proving increasingly savvy among their counterparts in the APAC region in terms of understanding how money works as well as how to plan their finances effectively. We believe that possessing a solid understanding of finances is essential to securing one's financial future.&quot;</p> <p></p> <p>Other findings of the survey include:</p> <ul> <li>When it comes to Basic Money Management, where respondents were asked about their ability to budget, track expenditure, keep up with bills, save for big purchases and understand unsecured loans, all three Greater China markets improved overall.&nbsp; They also scored above the regional average on their budgeting ability, but differed in their tendency towards saving for big purchases, with Hong Kong scoring the highest (71%), followed by Taiwan, (59%) and China (38%).</li> <li>On the financial planning front, it is clear the Greater China markets are astute financial planners, with Taiwan again topping the region, and both China and Hong Kong showing improved scores. Respondents in Taiwan placed great importance on saving regularly, early financial planning, insurance and emergency savings, scoring higher than the regional average in all areas.&nbsp; While respondents in China met the regional average overall in this category, of least importance to them was the need for financial planning for the non-wealthy (65%) and retirement funds (47%). In these areas, the Chinese scored below the regional average.&nbsp; Hong Kong scored noticeably lower on early financial planning (45% vs. the regional average of 81%) but also much higher on retirement planning (62% vs. regional average of 50%).</li> <li>In terms of investing, scores for both Hong Kong (68%) and China (65%) improved overall with Hong Kong also maintaining its hold on the top spot, while Taiwan’s scores (67%) held steady, and ahead of the regional average (59%).&nbsp;&nbsp; All three markets scored above average for monitoring investments, working out the suitability of financial products, and the concept of inflation while Taiwan respondents, despite improving their score on reading financial statements (64%), still lagged behind the regional average (68%) on that front. Of the three markets, only Taiwan respondents scored above the regional average for their understanding of the concept of diversification.</li> </ul> <p></p> <p></p> <p></p> <p><i><b>[1<a name="1"></a>]</b> Australia, China, Hong Kong, India, Indonesia, Japan, Malaysia, New Zealand, Philippines, Singapore, South Korea, Taiwan, Thailand, Vietnam</i></p> <p></p> <p></p> <p></p> Financial Literacy across the Asia/Pacific region<p>New Zealanders (77%) fared the best when asked about basic money management skills such as day-to-day budgeting, keeping up with bills, credit commitments and setting money aside for big purchases, followed by Australia in 2<sup>nd</sup> (75%) and Hong Kong (72%) moving up one spot from 4<sup>th</sup> in 2010 to 3<sup>rd</sup> in 2012.</p> <p></p> <p>Koreans proved to have the region’s most improved scores for financial planning (83%) up 12 places from the 2010 survey. Survey respondents from Taiwan (83%) and Vietnam (82%) also saved more regularly and were better prepared than their regional counterparts when it came to retirement preparations and emergency savings.</p> <p></p> <p>In mature markets, respondents over 30 years of age appeared to score higher in financial literacy compared to their counterparts under the age of 30. This was especially seen in markets like New Zealand (76% vs. 65%), Australia (74% vs. 64%) and Taiwan (74% vs. 70%) where respondents over 30 years old were clearly leading the pack.&nbsp;</p> <p></p> MasterCard Worldwide Index of Financial Literacy<table border="0" cellspacing="0" cellpadding="0" width="439"> <tbody><tr><th class="table-description" colspan="2" rowspan="3"><b>Ranking</b></th> <th class="table-description" colspan="8"><b>Scores (%)</b></th> </tr><tr><th class="table-description" colspan="2" rowspan="2"><b>Overall Financial Literacy Index</b></th> <th class="table-description" colspan="6"><b>Components of Financial Literacy Index</b></th> </tr><tr><th class="table-description" colspan="2"><b>Basic Money Management</b></th> <th class="table-description" colspan="2"><b>Financial Planning</b></th> <th class="table-description" colspan="2"><b>Investment</b></th> </tr><tr><td colspan="2" rowspan="2"><b><i>Asia/Pacific</i></b></td> <td><b>2012H1</b></td> <td><b>2010H2</b></td> <td><b>2012H1</b></td> <td><b>2010H2</b></td> <td><b>2012H1</b></td> <td><b>2010H2</b></td> <td><b>2012H1</b></td> <td><b>2010H2</b></td> </tr><tr><td>67</td> <td>67</td> <td>65</td> <td>65</td> <td>76</td> <td>76</td> <td>59</td> <td>61</td> </tr><tr><td><b>1</b></td> <td>New Zealand</td> <td>73</td> <td>74</td> <td>77</td> <td>78</td> <td>73</td> <td>74</td> <td>62</td> <td>64</td> </tr><tr><td><b>2</b></td> <td>Taiwan</td> <td>73</td> <td>71</td> <td>70</td> <td>66</td> <td>83</td> <td>83</td> <td>67</td> <td>67</td> </tr><tr><td><b>3</b></td> <td>Australia</td> <td>71</td> <td>72</td> <td>75</td> <td>76</td> <td>69</td> <td>70</td> <td>64</td> <td>65</td> </tr><tr><td><b>4</b></td> <td>Hong Kong</td> <td>71</td> <td>69</td> <td>72</td> <td>71</td> <td>72</td> <td>70</td> <td>68</td> <td>65</td> </tr><tr><td><b>5</b></td> <td>Singapore</td> <td>71</td> <td>73</td> <td>69</td> <td>71</td> <td>80</td> <td>82</td> <td>61</td> <td>61</td> </tr><tr><td><b>6</b></td> <td>Malaysia</td> <td>68</td> <td>67</td> <td>64</td> <td>65</td> <td>79</td> <td>77</td> <td>60</td> <td>59</td> </tr><tr><td><b>7</b></td> <td>Indonesia</td> <td>67</td> <td>64</td> <td>65</td> <td>59</td> <td>81</td> <td>79</td> <td>51</td> <td>57</td> </tr><tr><td><b>8</b></td> <td>Korea</td> <td>66</td> <td>56</td> <td>61</td> <td>50</td> <td>83</td> <td>66</td> <td>54</td> <td>56</td> </tr><tr><td><b>9</b></td> <td>Vietnam</td> <td>66</td> <td>69</td> <td>60</td> <td>62</td> <td>82</td> <td>82</td> <td>60</td> <td>66</td> </tr><tr><td><b>10</b></td> <td>Philippines</td> <td>65</td> <td>69</td> <td>63</td> <td>66</td> <td>73</td> <td>80</td> <td>58</td> <td>60</td> </tr><tr><td><b>11</b></td> <td>Thailand</td> <td>65</td> <td>74</td> <td>60</td> <td>68</td> <td>77</td> <td>87</td> <td>58</td> <td>72</td> </tr><tr><td><b>12</b></td> <td>China</td> <td>64</td> <td>60</td> <td>55</td> <td>53</td> <td>76</td> <td>73</td> <td>65</td> <td>59</td> </tr><tr><td><b>13</b></td> <td>India</td> <td>60</td> <td>63</td> <td>55</td> <td>59</td> <td>72</td> <td>69</td> <td>55</td> <td>63</td> </tr><tr><td><b>14</b></td> <td>Japan</td> <td>60</td> <td>60</td> <td>61</td> <td>61</td> <td>69</td> <td>70</td> <td>43</td> <td>42</td> </tr></tbody></table> About MasterCard Worldwide<p><b><a href="http://www.mastercard.com/index.html" target="_blank">MasterCard</a>&nbsp;</b>(NYSE: MA), <a href="http://www.mastercard.com/" target="_blank"><b>www.mastercard.com</b></a>,<b> </b>is a global payments and technology company. It operates the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard’s products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter <a href="https://twitter.com/#!/MasterCardNews" target="_blank"><b>@mastercardnews</b></a><b>, </b>join the conversation on <b><a href="http://newsroom.mastercard.com/blog/" target="_blank">Cashless Conversations Blog</a></b> and <a href="http://newsroom.mastercard.com/subscribe/" target="_blank"><b>subscribe</b></a> for the latest <a href="http://newsroom.mastercard.com/" target="_blank"><b>news</b></a>.</p> <p>For more information on the latest MasterCard activities and promotions, log on to the official MasterCard Weibo site at:&nbsp; <a href="http://weibo.com/mastercardchina" target="_blank"><b>http://weibo.com/mastercardchina</b></a></p> <p></p> Contacts:<p>Jonathan Seidman,<br> (886)2722-5799 Ext.124,<br> <a href="mailto:JSeidman1@webershandwick.com" target="_blank">JSeidman1@webershandwick.com</a></p> The MasterCard Worldwide Index of Financial Literacy is based on a survey conducted between 24 April 2012 and 10 June 2012 with 6904 respondents aged 18 – 64 in 14 Asia/Pacific countries. This is the 3rd survey of Financial Literacy conducted since 2010.http://www1.mastercard.com/content/intelligence/en/research/press-release/2012/taiwan-tops-asiapacificregion-in-financial-literacy-mastercard-survey2012-07-22T16:00:00.000Z2012-07-22T16:00:00.000ZMore Malaysia Consumers Shopping Online: MasterCard Survey Ashleigh Ow, Hazel HooOnline and Mobile Phone Shopping Registers Strong Growth in Malaysia<p><b><i>Kuala Lumpur, 1 May 2012</i></b> – Consumers in Malaysia are shopping online more and have become more confident about online security, according to the latest<b> <a href="http://bit.ly/I4Ucsf" target="_blank">MasterCard Worldwide Online Shopping Survey</a>.</b></p> <p></p> <p>The number of people in Malaysia shopping online has grown by 12% compared to the year before (55% in 2010). This increase is partly attributed to the Malaysian consumer’s increased confidence level in online shopping – 36% in 2011 were concerned about security versus 39% in 2010.</p> <p></p> <p>With the cumulative growth in confidence to make purchases online, the MasterCard Worldwide Online Shopping Survey also showed an increase in spend across various categories.</p> <p></p> <p>Airline websites saw further growth (86% in 2011 compared to 71% in 2010) in online spend compared to offline. There was also an increase in online purchase for Books/CDs/DVDs (49% in 2011 versus 40% in 2010), Music Downloads (i.e. iTunes) (82% in 2011 compared to 53% in 2010) and Products/Services in Online Gaming (77% in 2011 compared to 60% in 2010). The top 5 purchases online include, in their respective order – Airlines, Music Downloads (i.e. iTunes), Coupon/Deal sites, Products/Services in Online Gaming/Virtual World and Apps.</p> <p></p> <p>Jim Cheah, vice president and senior country manager, Malaysia and Brunei said, “Consumers in Malaysia are increasingly getting more sophisticated and savvy in making online purchases, and coupled with that, the Internet has also become a vital part of the lives of the consumers – together this holds very strong growth potential for the online shopping segment. Along with the growth of this space, we have rolled out value added benefits for online shoppers through tie-ups with top-tier online retailers to further build and sustain MasterCard led online purchases.”</p> <p></p> <p>In terms of online shopping and purchase intent, the results show that the gap is closing for online shopping in Asia/ Pacific markets between the “mature” and “emerging” markets. Thailand leads the pack both in terms of online shopping (80%) and likelihood to make an online purchase in the next six months (93%), alongside China.&nbsp; Korea (84%) and Malaysia (79%) also show high intent to purchase over the next six months, with Vietnam also showing similarly high intent to purchase (87%) despite a low percentage of people using the Internet for online shopping (61%). <i>The survey and its accompanying reports do not represent MasterCard’s financial performance.</i></p> <p></p> Rise of Mobile Shopping<p>Although a majority (71%) of respondents said they would rather use their laptop for shopping, the mobile phone is rising rapidly as the device of choice for Asian shoppers in emerging markets, with respondents in Thailand (59%), China (37%), Vietnam (32%) and India (32%) all leading more established markets.</p> <p></p> <p>Mobile shopping is also slowly gaining traction in Malaysia with 25% of Malaysian respondents carrying out transactions through their mobile phone in the past three months.</p> <p></p> <p>Among the reasons given for using the mobile for shopping, most said it was more convenient (57%) and also cited the growing availability of apps that make it easier to do (46%). Music (24%) and apps (31%) topped the list among those who have made purchases through their mobile phones, followed by coupon deal sites (17%), retailers for clothing and accessories (17%), and cinema (16%).</p> <p></p> MasterCard and its Suite of Research Properties<p>The MasterCard Worldwide Index suite in Asia/Pacific, Middle East and Africa includes the long-running MasterCard Worldwide Index of Consumer Confidence, as well as the&nbsp;MasterCard Worldwide Index of Women’s Advancement, Online Shopping,&nbsp;Index of Financial Literacy, and the&nbsp;<a href="http://newsroom.mastercard.com/digital-press-kits/mastercard-global-destination-cities-index-2013/" target="_blank"><b>Index of Global Destination Cities</b></a>. In addition to the Indices, MasterCard’s research properties also include a range of consumer surveys including Ethical Spending&nbsp;and a series on&nbsp;Consumer Purchasing Priorities&nbsp;(covering&nbsp;Travel,&nbsp;Dining &amp; Entertainment, Education,&nbsp;Money Management,&nbsp;Luxury&nbsp;and General Shopping).</p> <p>MasterCard also regularly releases Insights reports providing analysis of business dynamics, financial policies and regulatory activities in the Asia/Pacific, Middle East and Africa region. Over 80 Insights reports have been produced since 2004.</p> <p>MasterCard has also released a series of four books on Asian consumer insights, authored by&nbsp;<a href="http://newsroom.mastercard.com/people/dyuwa/" target="_blank"><b>Dr. Yuwa Hedrick-Wong</b></a>, Global Economic Advisor for MasterCard Worldwide and published by John Wiley &amp; Sons.</p> <p></p> About mastercard worldwide<p><a href="http://www.mastercard.com/index.html" target="_blank"><b>MasterCard</b></a>&nbsp;(NYSE: MA),&nbsp;<a href="http://www.mastercard.com/" target="_blank"><b>www.mastercard.com</b></a>,<b>&nbsp;</b>is a technology company in the global payments industry. We operate&nbsp;the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard’s products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter <a href="https://twitter.com/#!/MasterCardNews" target="_blank"><b>@MasterCardNews</b></a><b>,&nbsp;</b>join the discussion on the&nbsp;<a href="http://newsroom.mastercard.com/blog/" target="_blank"><b>Cashless Conversations Blog</b></a>&nbsp;and&nbsp;<a href="http://newsroom.mastercard.com/subscribe/" target="_blank"><b>subscribe</b></a>&nbsp;for the latest <a href="http://newsroom.mastercard.com/" target="_blank"><b>news</b></a>.</p> Contacts<p>Ashleigh Ow <br> Weber Shandwick <br> <a href="mailto:aow@webershandwick.com">aow@webershandwick.com</a><br> (03) 6209 5220<br> <br> Hazel Hoo<br> Weber Shandwick<br> <a href="mailto:hhoo@webershandwick.com">hhoo@webershandwick.com</a> <br> 03) 6209 5209<br> </p> <p></p> <p></p> MasterCard’s Online Shopping Survey is an annual survey which serves as a benchmark that measures consumers’ propensity to shop online.http://www1.mastercard.com/content/intelligence/en/research/press-release/2012/more-malaysia-consumers-shopping-online2012-04-30T16:00:00.000Z2012-04-30T16:00:00.000ZAsian Visitors Splash Out in Sydney Says Global Study Chris Lawrence at The Origin Agency Asian Visitors Splash Out in Sydney Says Global Study<p><i><b>Sydney, 1 August 2012</b>: </i>Sydney continues to be a hot spot for big spending by international visitors, with predictions that tourists will spend $11.0 billion dollars in the emerald city in 2012, up 9.7% on 2011.</p> <p>The <i>MasterCard</i> Index <i>of Global Destination Cities</i>, which measures cross-border travel and spending across 132 of the world's most important cities, has revealed Sydney sits eighth in the world for international visitor spend. London tops the list with a predicted $21.1 billion dollar spend in 2012, followed by Paris, Bangkok and Singapore.</p> <p>The driving force behind Sydney's success has been visitors arriving from Asia-Pacific hubs including Singapore, from where visitors are expected to fork out $1.651 billion dollars, followed by Dubai with a total spend of $976 million dollars, and visitors travelling from Hong Kong who are expected to dole out $911 million in 2012.</p> <p>Tourism &amp; Transport Forum (TTF) Chief Executive John Lee said: &quot;Tourism operators should be buoyed by increased spending in Sydney, with the city now regarded as one of the most celebrated tourist hot spots worldwide. The growth experienced in the Asia/Pac region has strong flow-on effects for our operators.</p> <p>&quot;Sydney punches above its weight in terms of tourism spending compared to visitor numbers- once we get people here the benefits are high on a per-capita basis. It's vital we harness this opportunity and make Sydney a priority destination for Asian travellers,&quot; Lee continued.</p> <p>The Index results reveal while some regions of the world are suffering the effects of an economic slow-down, cross-border air travel and visitor spending continue to grow. Asia/Pacific destinations recorded the strongest growth in visitor arrivals and cross-border spending globally, with the region recording increases of 9.5% and 15% respectively.</p> <p>MasterCard Australia Country Manager, Andrew Cartwright said, &quot;Sydney continues to be a major feature on the bucket list for international visitors, both for business and pleasure. Australia's geographic isolation means visitors stay longer and spend more, a winning combination for travel and tourism operators. The index confirms what we all know - Sydney is a true world city.&quot;</p> <p></p> Methodology<p>The MasterCard Worldwide Index of Global Destination Cities is compiled using international flight and flight capacity information purchased from OAG Global, a provider of international aviation data. Flight schedules are also used for calculating flight frequency between pairs of cities. Airlines also publish on a regular basis their historical load factor, and advance flight schedules, which are then used to estimate the actual outbound passenger departures, and for forecasting outbound passenger departures in the coming year.</p> Asia/Pacific Top 10 Destination Cities by International Visitor Spend (2012)<table border="1" cellspacing="0" cellpadding="0" width="410"> <tbody><tr><th class="table-description"><b>Rank</b></th> <th class="table-description"><b>Destination City</b></th> <th class="table-description"><b>Market</b></th> <th class="table-description" colspan="3"><b>Visitor Spend(US$ Billion)</b></th> <th class="table-description"><b>% Growth 2011 &amp; 2012</b></th> <th class="table-description"><b>2012 Visitors(Millions)*</b></th> </tr><tr><td></td> <td></td> <td></td> <td><b>2010</b></td> <td><b>2011</b></td> <td><b>2012</b></td> <td></td> <td></td> </tr><tr><td><b>1</b></td> <td>Bangkok</td> <td>Thailand</td> <td>$11.1</td> <td>$16.6</td> <td>$19.3</td> <td>16.6%</td> <td>12.2</td> </tr><tr><td><b>2</b></td> <td>Singapore</td> <td>Singapore</td> <td>$9.0</td> <td>$11.3</td> <td>$12.7</td> <td>12.7%</td> <td>11.8</td> </tr><tr><td><b>3</b></td> <td>Sydney</td> <td>Australia</td> <td>$9.2</td> <td>$10.1</td> <td>$11.0</td> <td>9.7%</td> <td>2.5</td> </tr><tr><td><b>4</b></td> <td>Seoul</td> <td>South Korea</td> <td>$7.7</td> <td>$9.1</td> <td>$10.6</td> <td>16.2%</td> <td>8.0</td> </tr><tr><td><b>5</b></td> <td>Taipei</td> <td>Taiwan</td> <td>$6.1</td> <td>$8.7</td> <td>$10.5</td> <td>20.5%</td> <td>5.4</td> </tr><tr><td><b>6</b></td> <td>Tokyo</td> <td>Japan</td> <td>$10.2</td> <td>$8.0</td> <td>$9.9</td> <td>24.2%</td> <td>4.3</td> </tr><tr><td><b>7</b></td> <td>Hong Kong</td> <td>(SAR) China</td> <td>$7.3</td> <td>$8.6</td> <td>$9.5</td> <td>9.5%</td> <td>11.1</td> </tr><tr><td><b>8</b></td> <td>Shanghai</td> <td>China</td> <td>$5.6</td> <td>$7.3</td> <td>$8.3</td> <td>12.6%</td> <td>7.5</td> </tr><tr><td><b>9</b></td> <td>Beijing</td> <td>China</td> <td>$4.2</td> <td>$5.5</td> <td>$6.5</td> <td>19.2%</td> <td>6.2</td> </tr><tr><td><b>10</b></td> <td>Kuala Lumpur</td> <td>Malaysia</td> <td>$4.7</td> <td>$5.6</td> <td>$6.4</td> <td>13.7%</td> <td>8.1</td> </tr></tbody></table> About MasterCard <p><a href="http://www.mastercard.com/index.html" target="_blank"><b>MasterCard</b></a>&nbsp;(NYSE: MA),&nbsp;<a href="http://www.mastercard.com/" target="_blank"><b>www.mastercard.com</b></a>,<b>&nbsp;</b>is a technology company in the global payments industry. We operate&nbsp;the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard’s products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter <a href="https://twitter.com/#!/MasterCardNews" target="_blank"><b>@MasterCardNews</b></a><b>,&nbsp;</b>join the discussion on the&nbsp;<a href="http://newsroom.mastercard.com/blog/" target="_blank"><b>Cashless Conversations Blog</b></a>&nbsp;and&nbsp;<a href="http://newsroom.mastercard.com/subscribe/" target="_blank"><b>subscribe</b></a>&nbsp;for the latest <a href="http://newsroom.mastercard.com/" target="_blank"><b>news</b></a>.</p> This is the second installment of the MasterCard research, which is used as a barometer for understanding the global economy and the dynamic flow of commerce across the world.http://www1.mastercard.com/content/intelligence/en/research/press-release/2012/asian-visitors-splash-out-in-sydney-says-global-study2012-07-31T16:00:00.000Z2012-07-31T16:00:00.000ZAsia/Pacific Cities Rank among World’s Most Connected Destinations: MasterCard Index Julianty Moeljono, Thoriq HuseinJakarta Ranked No.10 For The Top 10 Destination Cities in Asia/Pacific With 2.8 Million Visitors<p><i>To tweet this release and related images, copy and paste</i><i> </i><b><i><u><a href="http://bit.ly/KaNZi0" target="_blank">http://bit.ly/KaNZi0</a></u></i> </b><i>to your Twitter handle with the hash tags #MasterCardAP and</i><i> <i>#DestinationCities</i></i></p> <p><b><i>Singapore, 19 June 2012: </i></b>Asia/Pacific cities continued their ascendance as global destinations in 2012, with nearly half of the world’s top 20 cities by visitor arrivals and expenditure heralding from the region, according to the <a href="http://www.masterintelligence.com/upload/325/262/Insights-GlobalDestinationCitiesIndex-S5.pdf"><b>MasterCard Global Destination Cities Index</b></a> released today.</p> <p>This is the second installment of the MasterCard research, which is used as a barometer for understanding the global economy and the dynamic flow of commerce across the world. The MasterCard Index of Global Destination Cities ranks cities in terms of the number of their total international visitor arrivals and the cross-border spending by these same visitors in the destination cities, and gives visitor and passenger growth forecasts for 2012. <i>This Index and the accompanying reports are not based on MasterCard volumes or transactional data.</i></p> <p>The Index projects sustained growth among emerging market cities with the top ten Asia/Pacific destinations expecting a 9.5% growth in visitor arrivals for 2012 and a 15.3% surge in cross-border spending. Singapore<a name="_ftnref1"></a>[1] (4<sup>th</sup>), Hong Kong (6<sup>th</sup>) and Kuala Lumpur (10<sup>th</sup>) feature in the Index’s top ten global cities. To view the Index as an interactive map, please click <b><a href="http://cities.masterintelligence.com/" target="_blank">here</a>.</b></p> <p>Cities in Asia/Pacific once again led the charge globally with eight of the top 20 cities by international arrivals, with Bangkok ranked third globally with projected visitors to top 12.2 million visitors this year. Singapore was in fourth rank with 11.8 million visitors, with Hong Kong sixth with 11.1 million visitors, and Kuala Lumpur ranked 10<sup>th</sup> with 8.1 million visitors expected.&nbsp;</p> <p>In terms of the top Asia/Pacific Destination Cities bv International Visitors in 2012, Jakarta is ranked tenth, with 2.8 million visitors. Bangkok leads the rankings followed by Singapore and Hong Kong. &nbsp;</p> <p>The region also ranked highly on visitor spending with Bangkok ranked third globally with US$19.3 billion expected to be spent by inbound passengers in 2012, a 16.6% jump from last year. Singapore leapt two places to fifth overall with US$12.7 billion, up 12.7% on last year. Seoul moved into the top ten with US$10.6 billion in cross-border spend, an increase of 16.2%, while Tokyo, still recovering from the triple disasters of 2011 moved up four places to 14<sup>th</sup>, is officially the world’s third-fastest growing market (24.2%) in terms of cross-border spending.</p> <p>In terms of growth in visitor numbers six out of the top 20 fastest growing cities in the Index were from Asia/Pacific with Tokyo second globally behind Rio de Janeiro (28.6%) with a 21.5% growth in visitor arrivals. Taipei and <a href="http://www.pricelessbeijing.com/" target="_blank"><b>Beijing</b></a> also featured in both the top ten growth cities by visitor arrivals and cross-border spending.</p> <p>“Asia’s destination cities continue their rise, expecting a significant upward trend in visitor arrivals and cross-border spend—most of them on the back of large double digit growth,” observed<b> <a href="http://newsroom.mastercard.com/people/dyuwa/" target="_blank">Dr. Yuwa Hedrick-Wong</a></b>, global economic advisor, MasterCard Worldwide.</p> <p><b><a href="http://www.mastercard.co.uk/priceless-cities/london/" target="_blank">London</a> </b>once again topped the world’s cities by visitor numbers with 16.9 million inbound passengers expected in 2012, ahead of Paris in second place with 16 million inbound passengers expected. &nbsp; &nbsp;</p> <p>London also ranked first on cross-border expenditure, ahead of New York in second place, with estimated expenditures in these cities for 2012 amounting to US$21.1 billion and US$19.4 billion respectively.</p> <p>While cities in Europe and the US still ranked highly in the MasterCard Global Destination Cities Index, Dr. Hedrick-Wong said that the number of emerging market cities featuring in the Index showed Asia’s growing role in the global economy.</p> <p>“The leading Asian cities are some of the most sought after destinations for visitors from all over the world, and the Index indicates that they will continue to thrive into 2012,” he said.</p> <p>“Another interesting trend that we observe is a rise in cashless payments with many international travelers opting to do electronic transactions rather than using cash. The trend is a response to an increasing demand for safe, simple and smart payments, and highlights the rising importance of cashless commerce for both business and leisure travel,” Dr. Hedrick-Wong concluded.</p> <p></p> <p></p> <p></p> <p>[1] City rankings from the 2011 MasterCard Index of Global Destination Cities are altered retrospectively as updates in data become available.</p> <p></p> <p></p> <p></p> The World’s Top 20 Fastest Growing Destination Cities by Visitor Numbers<table border="0" cellspacing="0" cellpadding="0" width="409"> <tbody><tr><th class="table-description"><b>Destination City</b></th> <th class="table-description"><b>2012 Growth Rate</b></th> <th class="table-description"><b>Rank</b></th> </tr><tr><td>Rio de Janeiro</td> <td>28.6%</td> <td>1</td> </tr><tr><td>Tokyo</td> <td>21.5%</td> <td>2</td> </tr><tr><td>Quito</td> <td>18.8%</td> <td>3</td> </tr><tr><td>Abu Dhabi</td> <td>17.9%</td> <td>4</td> </tr><tr><td>Tunis</td> <td>17.7%</td> <td>5</td> </tr><tr><td>Dubai</td> <td>15.3%</td> <td>6</td> </tr><tr><td>Taipei</td> <td>15.1%</td> <td>7</td> </tr><tr><td>Istanbul</td> <td>14.7%</td> <td>8</td> </tr><tr><td>Beijing</td> <td>14.7%</td> <td>8</td> </tr><tr><td>Bogota</td> <td>12.6%</td> <td>10</td> </tr><tr><td>Lima</td> <td>11.7%</td> <td>11</td> </tr><tr><td>Riyadh</td> <td>10.4%</td> <td>12</td> </tr><tr><td>Nairobi</td> <td>10.0%</td> <td>13</td> </tr><tr><td>Singapore</td> <td>9.9%</td> <td>14</td> </tr><tr><td>Seoul</td> <td>9.8%</td> <td>15</td> </tr><tr><td>Cairo</td> <td>8.3%</td> <td>16</td> </tr><tr><td>Shanghai</td> <td>8.2%</td> <td>17</td> </tr><tr><td>Toronto</td> <td>7.6%</td> <td>18</td> </tr><tr><td>Washington</td> <td>7.2%</td> <td>19</td> </tr><tr><td>Caracas</td> <td>7.0%</td> <td>20</td> </tr></tbody></table> Asia/Pacific Top 10 Destination Cities by International Visitor Spend (2012)<table border="0" cellspacing="0" cellpadding="0" width="431"> <tbody><tr><th class="table-description" rowspan="2"><b>Rank</b></th> <th class="table-description" rowspan="2" valign="top"><b>Destination City</b></th> <th class="table-description" rowspan="2"><b>Market</b></th> <th class="table-description" colspan="3"><b>Visitor Spend</b> <b>(US$ Billion)</b></th> <th class="table-description" rowspan="2"><b>% Growth</b> <b>2011 &amp; 2012</b></th> <th class="table-description" rowspan="2"><b>2012 Visitors</b> <b>(Millions)*</b></th> </tr><tr><th class="table-description"><b>2010</b></th> <th class="table-description"><b>2011</b></th> <th class="table-description"><b>2012</b></th> </tr><tr><td><b>1</b></td> <td>Bangkok</td> <td>Thailand</td> <td>$11.1</td> <td>$16.6</td> <td>$19.3</td> <td>16.6%</td> <td>12.2</td> </tr><tr><td><b>2</b></td> <td>Singapore</td> <td>Singapore</td> <td>$9.0</td> <td>$11.3</td> <td>$12.7</td> <td>12.7%</td> <td>11.8</td> </tr><tr><td><b>3</b></td> <td>Sydney</td> <td>Australia</td> <td>$9.2</td> <td>$10.1</td> <td>$11.0</td> <td>9.7%</td> <td>2.5</td> </tr><tr><td><b>4</b></td> <td>Seoul</td> <td>South Korea</td> <td>$7.7</td> <td>$9.1</td> <td>$10.6</td> <td>16.2%</td> <td>8.0</td> </tr><tr><td><b>5</b></td> <td>Taipei</td> <td>Taiwan</td> <td>$6.1</td> <td>$8.7</td> <td>$10.5</td> <td>20.5%</td> <td>5.4</td> </tr><tr><td><b>6</b></td> <td>Tokyo</td> <td>Japan</td> <td>$10.2</td> <td>$8.0</td> <td>$9.9</td> <td>24.2%</td> <td>4.3</td> </tr><tr><td><b>7</b></td> <td>Hong Kong</td> <td>(SAR) China</td> <td>$7.3</td> <td>$8.6</td> <td>$9.5</td> <td>9.5%</td> <td>11.1</td> </tr><tr><td><b>8</b></td> <td>Shanghai</td> <td>China</td> <td>$5.6</td> <td>$7.3</td> <td>$8.3</td> <td>12.6%</td> <td>7.5</td> </tr><tr><td><b>9</b></td> <td>Beijing</td> <td>China</td> <td>$4.2</td> <td>$5.5</td> <td>$6.5</td> <td>19.2%</td> <td>6.2</td> </tr><tr><td><b>10</b></td> <td>Kuala Lumpur</td> <td>Malaysia</td> <td>$4.7</td> <td>$5.6</td> <td>$6.4</td> <td>13.7%</td> <td>8.1</td> </tr></tbody></table> <p><i>*Excludes passengers returning to arrival country and includes visitors on non-stop flights only</i><i></i></p> <p></p> Asia/Pacific Top 10 Destination Cities by International Visitors (2012)<table border="1" cellspacing="0" cellpadding="0"> <tbody><tr><th class="table-description"><b>Rank</b></th> <th class="table-description"><b>Destination City</b></th> <th class="table-description"><b>2012 Visitors</b></th> </tr><tr><td><b>1</b></td> <td>Bangkok</td> <td>12.2 mn</td> </tr><tr><td><b>2</b></td> <td>Singapore</td> <td>11.8 mn</td> </tr><tr><td><b>3</b></td> <td>Hong Kong</td> <td>11.1 mn</td> </tr><tr><td><b>4</b></td> <td>Kuala Lumpur</td> <td>8.1 mn</td> </tr><tr><td><b>5</b></td> <td>Seoul</td> <td>8.0 mn</td> </tr><tr><td><b>6</b></td> <td>Shanghai</td> <td>7.5 mn</td> </tr><tr><td><b>7</b></td> <td>Beijing</td> <td>6.2 mn</td> </tr><tr><td><b>8</b></td> <td>Taipei</td> <td>5.4 mn</td> </tr><tr><td><b>9</b></td> <td>Tokyo</td> <td>4.3 mn</td> </tr><tr><td><b>10</b></td> <td>Jakarta</td> <td>2.8 mn</td> </tr></tbody></table> Methodology<p>The MasterCard Worldwide Index of Global Destination Cities is compiled using international flight and flight capacity information purchased from OAG Global, a provider of international aviation data. Flight schedules are also used for calculating flight frequency between pairs of cities.&nbsp; Airlines also publish on a regular basis their historical load factor, and advance flight schedules, which are then used to estimate the actual outbound passenger departures, and for forecasting outbound passenger departures in the coming year.</p> <p>On any given flight there are visitors from the departure country, returning residents of the destination city after visiting the departure country, and a third group: non-residents connecting through the departure country to the destination city on their way to a second destination city. This group can be a low proportion of the passengers for typically non-hub cities, but very high for destination cities that are “hubs” such as Singapore, Amsterdam, and Frankfurt.</p> <p>On a country level, the UN Database of “Trade in Service” in the “Travel Component” provides estimates of how much each year residents spend abroad (air fare paid in home country not included).&nbsp; An algorithm is applied to this total outbound expenditure and estimated total number of outbound passengers to derive an estimate of average per outbound passenger’s expenditure overseas.&nbsp;</p> <p>A margin of error is also unavoidable in such estimates, as not all outbound trips are of equal length, and the cost of living varies a great between arrival cities such that even if each trip of equal length, expenditure per passenger between different arrival cities would still be very different.&nbsp;This margin of error is reduced significantly by imposing a minimum of expenditures in the algorithm, after a number of iterative testing (US$500 per trip for bordering arrival country and US$700 per trip for non-bordering arrival country).&nbsp;</p> <p>Please note: the city rankings from the 2011 MasterCard Index of Global Destination Cities are altered retrospectively as updates in data become available.</p> <p></p> About Dr Yuwa Hedrick-Wong, Ph.D., Global Economic Advisor, MasterCard Worldwide<p>Dr Yuwa Hedrick-Wong is a business strategist and economist with 25 years of experience gained in over thirty countries. He was appointed Global Economic Advisor to MasterCard Worldwide in 2009.&nbsp; Prior to this role, he was Economic Advisor to MasterCard in Asia/Pacific, a position he held since 2001. As economic advisor, he chairs a MasterCard Knowledge Panel of leading economists, policy analysts, academics and business strategists for regular exchange and knowledge sharing.&nbsp; In 2007 he was appointed Advisor at Southern Capital Group, a private equity fund; and in 2008 he was appointed to the Investment Council of ICICI, India’s largest private bank.</p> <p>Yuwa is also currently the HSBC Visiting Professor of International Business at the University of British Columbia, Vancouver, B.C. Canada, and is a frequent speaker at numerous international high-profile conferences. &nbsp;</p> <p></p> About MasterCard Worldwide<p><a href="http://www.mastercard.com/index.html" target="_blank"><b>MasterCard</b></a>&nbsp;(NYSE: MA),&nbsp;<a href="http://www.mastercard.com/" target="_blank"><b>www.mastercard.com</b></a>,<b>&nbsp;</b>is a technology company in the global payments industry. We operate&nbsp;the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard’s products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter <a href="https://twitter.com/#!/MasterCardNews" target="_blank"><b>@MasterCardNews</b></a><b>,&nbsp;</b>join the discussion on the&nbsp;<a href="http://newsroom.mastercard.com/blog/" target="_blank"><b>Cashless Conversations Blog</b></a>&nbsp;and&nbsp;<a href="http://newsroom.mastercard.com/subscribe/" target="_blank"><b>subscribe</b></a>&nbsp;for the latest <a href="http://newsroom.mastercard.com/" target="_blank"><b>news</b></a>.</p> Contacts:<p>Julianty Moeljono<br> MasterCard Worldwide,<br> <a href="mailto:julianty_moeljono@mastercard.com">julianty_moeljono@mastercard.com</a> &nbsp;</p> <p>Thoriq Husein<br> Weber Shandwick,<br> <a href="mailto:thusein@webershandwick.com">thusein@webershandwick.com</a></p> <p></p> This is the second installment of the MasterCard research, which is used as a barometer for understanding the global economy and the dynamic flow of commerce across the world.http://www1.mastercard.com/content/intelligence/en/research/press-release/2012/asiapacific-cities-rank-among-worlds-most-connected-destinations-mastercard-index2012-06-18T16:00:00.000Z2012-06-18T16:00:00.000ZNairobi Ranked as a Top Destination City in Africa - MasterCard Index Njeri Chege, Geraldine TrenneryProjected 16.7% increase in visitor spending for 2012 positions Nairobi as one of the fastest growing destination cities worldwide<p><b><i>Nairobi, Kenya, 01 June 2012</i></b> – Nairobi has been named one of the most popular destination cities in Africa in the 2012 <b><a href="http://newsroom.mastercard.com/wp-content/uploads/2012/06/MasterCard_Global_Destination_Cities_Index_2012.pdf" target="_blank">MasterCard Global Destination Cities Index</a>.</b></p> <p>The Index has revealed that a projected 1.8 million visitors are expected to visit Nairobi in 2012, injecting an estimated $1.5 billion into the city’s economy. These figures translate into a 10% growth in visitor numbers and a 16.7% growth in visitor spending over the 2011 Index results.</p> <p>The Index, now in its second year, is used as a barometer for understanding the global economy and the dynamic flow of commerce across the world.&nbsp; The Index ranks 132 global cities by their total international visitor arrivals and the cross-border spending by these visitors in the destination cities, and gives visitor and passenger growth forecasts for 2012.</p> <p>Thirteen of these 132 destination cities are on the African continent and aside from Nairobi include: Accra, Cairo, Johannesburg, Casablanca, Beira, Cape Town, Dakar, Durban, Kampala, Lagos, Maputo, and Tunis.</p> <p>Charlton Goredema, vice president, market manager, East Africa and Indian Ocean Islands, MasterCard Worldwide comments, “A key finding of the Index is that Nairobi ranks fourth out of 13 cities surveyed in Africa - both in terms of visitor numbers and visitor spend - highlighting its status as the financial heart of the East African region and a significant African economic hub.”</p> <p>“In addition, the noteworthy 16.7% growth in projected visitor spending for Nairobi sees the city ranked in 10th position <i>globally</i> among the fastest growing destination cities examined in the Index,” adds Goredema.</p> <p>Other leading African cities in terms of visitor numbers were Cairo, which expects 3.3 million visitors in 2012; Johannesburg, which expects 2.5 million visitors; and Casablanca, which anticipates 2.1 million visitors in the coming year.</p> <p>“The Kenyan government’s identification of air transport capacity being vital to the continued growth of the country’s economy and the resulting investment in upgrading Jomo Kenyatta International Airport is now yielding results, as can be seen in the Index,” adds Gordema.</p> <p>The country’s official airline – Kenya Airways – is also readying itself for <a href="http://www.realafrica.co.uk/68/kenya-airways-announces-major-expansion-plans.htm" target="_blank"><b>growth in visitor numbers</b></a> with its publically stated <a href="http://www.centreforaviation.com/analysis/rapidly-expanding-kenya-airways-charts-growth-with-plan-to-serve-every-inhabited-continent-by-2017-71784" target="_blank"><b>2013 target</b></a> of becoming the leading carrier on the continent - interlinking every African capital city and connecting the rest of Africa to the world via its Nairobi hub.</p> <p>The three cities where most visitors to Nairobi are forecasted to originate from are London (203,000 people), Amsterdam (149,000 people), and Johannesburg (138,000 people).</p> <p>The visitors from these top three cities will contribute considerably to the overall projected growth in visitor spending in Nairobi.&nbsp; Londoners are expected to spend $339m during 2012 (a growth of 8.1% from 2011); those from Amsterdam are expected to spend $118m (a 6.7% growth from the 2011) while Johannesburg visitors are expected to spend $138m (a 10.2% growth from 2011).&nbsp;</p> <p></p> (Comment from third party - Kenyan Tourism etc.)<p>Dr Yuwa Hedrick-Wong, global economic advisor for MasterCard Worldwide and author of the report says, “An interesting trend that we are observing is a rise in cashless payments with many international travelers opting to make electronic transactions as opposed to paying with cash. The trend is a response to an increasing demand for safe, simple and smart payments, and highlights the rising importance of cashless commerce for both business and leisure travel.”</p> <p>“Many travelers to Nairobi and Kenya are accustomed to a world beyond cash in which they use their payment cards in multiple ways. They expect the same safety and convenience when traveling abroad. This is a significant opportunity for businesses within Nairobi, and if they are to benefit from the projected 16.7% growth in traveler spend in the coming year, they should already be considering how best to facilitate consumers’ payment preferences,” added Dr. Hedrick-Wong.</p> <p>In the global rankings, London topped the world’s cities by visitor numbers globally for the second consecutive year. Its number one ranking is based on a projected uplift of international visitor numbers by 1.1% to a record 16.9 million. Paris, in second position, is expecting 16 million inbound passengers, with Bangkok in third position, expecting 12.2 million visitors.</p> <p>London also ranked first in cross-border expenditure, ahead of New York in second place, with estimated spending in these cities for 2012 amounting to US$21.1 billion and US$19.4 billion respectively. Bangkok makes up the top three with expected visitor expenditure in 2012 of US$19.3 billion.</p> <p>While cities in Europe and the US ranked highly on the Index, Dr. Hedrick-Wong said that the strong growth figures of African destination cities - in both expected visitor numbers and spending - suggests that destination cities in Africa will continue to grow in importance in the global economy.</p> <p>“Aside from Nairobi’s impressive double digit growth figures, Tunis, after the political upheaval in early 2011, is expected to show growth of 19.8% in visitor spending with a 17.7% increase in visitor numbers. Additionally, Cairo, in spite of ongoing turmoil in Egypt, expects an 8.4% growth in spending and an 8.3% growth in visitor numbers,” explained Dr. Hedrick-Wong.</p> <p>“In spite of the ups and downs of the business cycle, the overall pattern is clear: cross-border travel by air is a resilient trend that is embraced by a growing number of people across Africa, underpinned by visitors’ robust willingness and capacity to spend,” concludes Dr. Hedrick-Wong.</p> <p><i>This Index and the accompanying reports are not based on MasterCard volumes or transactional data.</i></p> <p></p> Methodology<p>The MasterCard Worldwide Index of Global Destination Cities is compiled using international flight and flight capacity information purchased from OAG Global, a provider of international aviation data. Flight schedules are also used for calculating flight frequency between pairs of cities.&nbsp; Airlines also publish on a regular basis their historical load factor, and advance flight schedules, which are then used to estimate the actual outbound passenger departures, and for forecasting outbound passenger departures in the coming year.</p> <p>On any given flight there are visitors from the departure country, returning residents of the destination city after visiting the departure country, and a third group: non-residents connecting through the departure country to the destination city on their way to a second destination city. This group can be a low proportion of the passengers for typically non-hub cities, but very high for destination cities that are “hubs” such as Singapore, Amsterdam, and Frankfurt.</p> <p>On a country level, the UN Database of “Trade in Service” in the “Travel Component” provides estimates of how much each year residents spend abroad (air fare paid in home country not included).&nbsp; An algorithm is applied to this total outbound expenditure and estimated total number of outbound passengers to derive an estimate of average per outbound passenger’s expenditure overseas.&nbsp;</p> <p>A margin of error is also unavoidable in such estimates, as not all outbound trips are of equal length, and the cost of living varies greatly between arrival cities such that even if each trip is of equal length, expenditure per passenger between different arrival cities would still be very different.</p> <p>This margin of error is reduced significantly by imposing a minimum of expenditures in the algorithm, after a number of iterative testing (US$500 per trip for bordering arrival country and US$700 per trip for non-bordering arrival country).</p> <p>Please note: the city rankings from the 2011 MasterCard Index of Global Destination Cities are altered retrospectively as updates in data become available.</p> <p></p> About MasterCard Worldwide<p><a href="http://www.mastercard.com/index.html" target="_blank"><b>MasterCard</b></a>&nbsp;(NYSE: MA),&nbsp;<a href="http://www.mastercard.com/" target="_blank"><b>www.mastercard.com</b></a>,<b>&nbsp;</b>is a technology company in the global payments industry. We operate&nbsp;the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard’s products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter <a href="https://twitter.com/#!/MasterCardNews" target="_blank"><b>@MasterCardNews</b></a><b>,&nbsp;</b>join the discussion on the&nbsp;<a href="http://newsroom.mastercard.com/blog/" target="_blank"><b>Cashless Conversations Blog</b></a>&nbsp;and&nbsp;<a href="http://newsroom.mastercard.com/subscribe/" target="_blank"><b>subscribe</b></a>&nbsp;for the latest <a href="http://newsroom.mastercard.com/" target="_blank"><b>news</b></a>.</p> Media Relations Contacts<p>Njeri Chege,<br> Hill+Knowlton Strategies,<br> <a href="mailto:Njeri.chege@hkstrategies.co.ke"><b>Njeri.chege@hkstrategies.co.ke</b></a>,<br.></br.></p> <p></p> <p>Geraldine Trennery,<br> Tribeca Public Relations,<br> <a href="mailto:geraldinet@tribecapr.co.za"><b>geraldinet@tribecapr.co.za</b></a>,<br> +27 82 677 5201</p> <p><i></i></p> <p></p> <p><i></i></p> <p></p> <p></p> This is the second installment of the MasterCard research, which is used as a barometer for understanding the global economy and the dynamic flow of commerce across the world.http://www1.mastercard.com/content/intelligence/en/research/press-release/2012/nairobi-ranked-as-a-top-destination-city-in-africa-mastercard-index2012-05-31T16:00:00.000Z2012-05-31T16:00:00.000ZPessimistic Outlook for Hong Kong Consumers: MasterCard Index Gloria Lai , Matthew Liu Local consumers show surge in negative sentiment across five key indicators<p><b><i>Hong Kong, 29 March 2012</i></b><i> </i>– Consumer confidence in Hong Kong has dropped significantly over the last six months to the second-lowest level since the financial crisis in 2008, according to the latest <a href="http://newsroom.mastercard.com/asia-pacific/" target="_blank"><b>MasterCard Worldwide</b></a> Index<sup>™</sup> of Consumer Confidence, released today. The latest score for Hong Kong shows a sharp fall of 38.7 Index points, from 68.6 in the first half of 2011 to 29.9 Index points in the second half.</p> <p>Hong Kong has seen its consumer confidence deteriorate after two years of optimism, from a peak of 76.6 in the first half of 2010, to 74.7 in the second half of 2010, to the more cautiously optimistic Index of 68.6 in the first half of 2011. The last pessimistic result recorded from the survey was in the first half of 2009, with the Index measuring consumer confidence in Hong Kong at 24.7.</p> <p>The MasterCard Worldwide Index<sup>™</sup> of Consumer Confidence (“Index”) is based on a survey conducted between 5 December 2011 and 8 February 2012 on 12,915 respondents aged 18 to 64 years in 25 countries within Asia/Pacific, Middle East and Africa. This is the 38<sup>th</sup> survey of consumer confidence conducted since 1993. Now in its 20th year the Index is Asia/Pacific’s most comprehensive and longest running consumer confidence survey. The Index score is calculated with zero as the most pessimistic, 100 as most optimistic and 50 as neutral. <i>The Index and its accompanying reports do not represent MasterCard’s financial performance.</i></p> <p><i></i>Confidence among Hong Kong’s consumers showed extreme deterioration in their expectations across all five key economic indicators measured.&nbsp; Hong Kong respondents feel most pessimistic about the Economy (19.9 vs. 66.4 six months ago), followed by Employment (down from 70.4 to 25.7 Index points) and Quality of Life (down from 46.3 to 21.1 Index points). A steep fall was also recorded in consumers’ attitudes towards the Stock Market (down from 79.1 to 23.3 Index points). Regular Income was the&nbsp; only indicator that Hongkongers seem relatively neutral towards. It is the sole indicator that scored above 50, though it also recorded a drop from 80.6 to 59.4 Index points.</p> <p>Among the Hong Kong respondents, men (32.4) are more confident than women (27.4), and those under the age of 30 reflect a more positive outlook as their scores average higher than their older counterparts (31.4 for those below 30 vs. 26 for those above 30).</p> <p>Jeroen van Son, head of Hong Kong and Macau, MasterCard Worldwide, said “The persistent Euro-zone crisis has been a serious drag on global economic growth over the past six months, and Hong Kong is no exception. In addition, a variety of economic issues have led to a significant drop in confidence among local consumers in their outlook for the months ahead. This includes uncertainties caused by issues such as the fear of a hard landing in China as growth slows, rising inflation rates in the territory, unstable property prices and a changing political environment in Hong Kong. These factors have all contributed to a general negative outlook that is at odds with the more optimistic attitude seen in previous results.”</p> <p>In Asia/Pacific, consumer confidence among developed markets has dropped as concerns about slow growth spread across the region. Only 5 out of 14 Asia/Pacific<sup>[<a href="#1">1</a>]</sup> markets polled recorded positive sentiment when compared to the first half of 2011. The last Index conducted during the first half of 2011 showed that 11 out of the 14 Asia/Pacific markets polled recorded positive consumer sentiment with stable optimism. Overall, Asia/Pacific saw a drop from 57.4 Index points in the first half of 2011 to 52.1 Index points with declines in all key indicators.</p> <p>China (down 13.7 Index points), Taiwan (down 36.3 Index points), Singapore (down 25.9 Index points) and South Korea (down 19.7 Index points) saw strong declines in consumer sentiment compared to the previous six months. However, significant improvement was recorded in emerging markets such as Indonesia (up 21.8 Index points), Thailand (up 19.5 Index points), India (up 18.4 Index points) and the Philippines (up 24.7 Index points).</p> <p><a name="1"></a>[1] <i>Asia/Pacific: Australia, China, Hong Kong, India, Indonesia, Japan, South Korea, Malaysia, New Zealand, Philippines, Singapore, Taiwan, Thailand, and Vietnam</i></p> <p></p> <p></p> <p></p> MasterCard Worldwide Index of Consumer Confidence<table border="1" cellspacing="0" cellpadding="0" width="407"> <tbody><tr><th class="table-description"><b><br type="_moz"> </b></th> <th class="table-description" colspan="2" valign="top"><b>H2 2011 Current Status</b></th> <th class="table-description" colspan="2" valign="top"><b>Change from last Half</b></th> </tr><tr><td><b>Asia Pacific</b></td> <td>52.1</td> <td>Neutral +</td> <td>-5.3</td> <td>Some Deterioration</td> </tr><tr><td><b>Australia</b></td> <td>43.3</td> <td>Neutral -</td> <td>-13.7</td> <td>Significant Deterioration</td> </tr><tr><td><b>China</b></td> <td>64.8</td> <td>Optimistic</td> <td>-13.7</td> <td>Significant Deterioration</td> </tr><tr><td><b>Hong Kong</b></td> <td>29.9</td> <td>Pessimistic</td> <td>-38.7</td> <td>Extreme Deterioration</td> </tr><tr><td><b>India</b></td> <td>81.2</td> <td>Very Optimistic</td> <td>18.4</td> <td>Significant Improvement</td> </tr><tr><td><b>Indonesia</b></td> <td>76.2</td> <td>Very Optimistic</td> <td>21.8</td> <td>Extreme Improvement</td> </tr><tr><td><b>Japan</b></td> <td>16.2</td> <td>Very Pessimistic</td> <td>-0.5</td> <td>Stable -</td> </tr><tr><td><b>South Korea</b></td> <td>29.9</td> <td>Pessimistic</td> <td>-19.7</td> <td>Significant Deterioration</td> </tr><tr><td><b>Malaysia</b></td> <td>52.8</td> <td>Neutral +</td> <td>-7.8</td> <td>Some Deterioration</td> </tr><tr><td><b>New Zealand</b></td> <td>35.7</td> <td>Pessimistic</td> <td>-2.9</td> <td>Stable -</td> </tr><tr><td><b>Philippines</b></td> <td>77.0</td> <td>Very Optimistic</td> <td>24.7</td> <td>Extreme Improvement</td> </tr><tr><td><b>Singapore</b></td> <td>50.0</td> <td>Neutral +</td> <td>-25.9</td> <td>Extreme Deterioration</td> </tr><tr><td><b>Taiwan</b></td> <td>30.1</td> <td>Pessimistic</td> <td>-36.3</td> <td>Extreme Deterioration</td> </tr><tr><td><b>Thailand</b></td> <td>63.9</td> <td>Optimistic</td> <td>19.5</td> <td>Significant Improvement</td> </tr><tr><td><b>Vietnam</b></td> <td>78.8</td> <td>Very Optimistic</td> <td>0.8</td> <td>Stable +</td> </tr></tbody></table> Hong Kong’s Index of Consumer Confidence over the Past Five Years <table border="1" cellspacing="0" cellpadding="0" width="410"> <tbody><tr><th class="table-description"><b><br type="_moz"> </b></th> <th class="table-description"><b>H1<br> 2007</b></th> <th class="table-description"><b>H2<br> 2007</b></th> <th class="table-description"><b>H1<br> 2008</b></th> <th class="table-description"><b>H2<br> 2008</b></th> <th class="table-description"><b>H1<br> 2009</b></th> <th class="table-description"><b>H2<br> 2009</b></th> <th class="table-description"><b>H1<br> 2010</b></th> <th class="table-description"><b>H2<br> 2010</b></th> <th class="table-description"><b>H1<br> 2011</b></th> <th class="table-description"><b>H2<br> 2011</b></th> </tr><tr><td><b>Employment</b></td> <td>89.1</td> <td>93.6</td> <td>88.2</td> <td>41.7</td> <td>15.9</td> <td>67.4</td> <td>83.3</td> <td>80.4</td> <td>70.4</td> <td>25.7</td> </tr><tr><td><b>Economy</b></td> <td>91.1</td> <td>91.2</td> <td>88.9</td> <td>28.4</td> <td>22.8</td> <td>68.3</td> <td>83.8</td> <td>77.9</td> <td>66.4</td> <td>19.9</td> </tr><tr><td><b>Regular Income</b></td> <td>90.5</td> <td>92.3</td> <td>91.7</td> <td>66.4</td> <td>27.2</td> <td>53.2</td> <td>75.0</td> <td>83.2</td> <td>80.6</td> <td>59.4</td> </tr><tr><td><b>Stock Market</b></td> <td>70.6</td> <td>69.3</td> <td>71.2</td> <td>24.1</td> <td>37.7</td> <td>63.2</td> <td>79.2</td> <td>74.1</td> <td>79.1</td> <td>23.3</td> </tr><tr><td><b>Quality of Life</b></td> <td>82.3</td> <td>83.3</td> <td>75.5</td> <td>48.6</td> <td>19.8</td> <td>48.0</td> <td>61.7</td> <td>57.7</td> <td>46.3</td> <td>21.1</td> </tr><tr><td><b>MasterIndex</b></td> <td>84.7</td> <td>85.9</td> <td>83.1</td> <td>41.8</td> <td>24.7</td> <td>60.0</td> <td>76.6</td> <td>74.7</td> <td>68.6</td> <td>29.9</td> </tr></tbody></table> Methodology<p>Respondents were asked five questions pertaining to their six-month outlook on the economy, employment prospects, the local stock market, their regular income prospects and their quality of life. The results of their responses were converted in five component indexes which were averaged to form the MasterCard Worldwide Index™ of Consumer Confidence (MWICC) score. The MWICC Index score and the five component index scores range from 0 – 100 where 0 represents maximum pessimism, 100 represents maximum optimism and 50 represents neutrality.</p> <p></p> About the MasterCard Worldwide Index™ of Consumer Confidence<p>The MasterCard Worldwide Index™ of Consumer Confidence survey has a 20-year track record of consumer confidence indices collected from over 200,000 interviews, unequalled both in scope and history across Asia/Pacific, Middle East and Africa.</p> <p>The MasterCard Worldwide Index of Consumer Confidence is the most comprehensive and longest running survey of its kind in the region.&nbsp; In June 1997, the Index revealed a decline in consumer confidence – one month prior to the devaluation of the Thai baht that triggered the regional economic crisis. In June 2003, the Index score for Employment in Hong Kong dropped to a low score of 20.0. This was subsequently reflected in Hong Kong’s unemployment rate, which peaked just before September 2003 at eight percent.</p> <p>The survey comprising the Asia/Pacific markets began in the first half of 1993 and has been conducted twice yearly since. Markets from the Middle East and Africa were included in the Index from 2004. Twenty five markets now participate in the survey: Australia, China, Egypt, Hong Kong, India, Indonesia, Japan, Kenya, Kuwait, Lebanon, Malaysia, Morocco, New Zealand, Nigeria, Oman, Philippines, Qatar, Saudi Arabia, South Korea, South Africa, Singapore, Taiwan, Thailand, United Arab Emirates and Vietnam. The latest MasterCard Worldwide Index of Consumer Confidence survey was conducted from 5 December 2011 to 8February 2012. A total of 12,915 qualified respondents were surveyed in the 25 markets with the sample being representative of the middle and upper income groups in each market.</p> <p>The Index is calculated based with zero as the most pessimistic, 100 as most optimistic and 50 as neutral.&nbsp; Five economic factors are measured: Employment, the Economy, Regular Income, Stock Market and Quality of Life. The responses are consumers' thoughts on the six months ahead. Data collection was via internet surveys and face to face interviews, with the questionnaire translated to the local language wherever appropriate and necessary.&nbsp; The survey has a margin of sampling error of plus or minus four to five percentage points at the 95 percent confidence level.</p> <p></p> MasterCard and its Suite of Research Properties<p>The MasterCard Worldwide Index suite in Asia/Pacific, Middle East and Africa includes the long-running MasterCard Worldwide Index of Consumer Confidence, as well as the&nbsp;MasterCard Worldwide Index of Women’s Advancement, Online Shopping,&nbsp;Index of Financial Literacy, and the&nbsp;<a href="http://newsroom.mastercard.com/digital-press-kits/mastercard-global-destination-cities-index-2013/"><b>Index of Global Destination Cities</b></a>. In addition to the Indices, MasterCard’s research properties also include a range of consumer surveys including Ethical Spending&nbsp;and a series on&nbsp;Consumer Purchasing Priorities&nbsp;(covering&nbsp;Travel,&nbsp;Dining &amp; Entertainment, Education,&nbsp;Money Management,&nbsp;Luxury&nbsp;and General Shopping).</p> <p>MasterCard also regularly releases Insights reports providing analysis of business dynamics, financial policies and regulatory activities in the Asia/Pacific, Middle East and Africa region. Over 80 Insights reports have been produced since 2004.</p> <p>MasterCard has also released a series of four books on Asian consumer insights, authored by&nbsp;<a href="http://newsroom.mastercard.com/people/dyuwa/"><b>Dr. Yuwa Hedrick-Wong</b></a>, Global Economic Advisor for MasterCard Worldwide and published by John Wiley &amp; Sons.</p> <p></p> About MasterCard Worldwide<p><a href="http://www.mastercard.com/index.html" target="_blank"><b>MasterCard</b></a>&nbsp;(NYSE: MA),&nbsp;<a href="http://www.mastercard.com/" target="_blank"><b>www.mastercard.com</b></a>,<b>&nbsp;</b>is a technology company in the global payments industry. We operate&nbsp;the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard’s products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter <a href="https://twitter.com/#!/MasterCardNews" target="_blank"><b>@MasterCardNews</b></a><b>,&nbsp;</b>join the discussion on the&nbsp;<a href="http://newsroom.mastercard.com/blog/" target="_blank"><b>Cashless Conversations Blog</b></a>&nbsp;and&nbsp;<a href="http://newsroom.mastercard.com/subscribe/" target="_blank"><b>subscribe</b></a>&nbsp;for the latest <a href="http://newsroom.mastercard.com/" target="_blank"><b>news</b></a>.</p> Contacts<p>Gloria Lai<br> (852) 2533 9983<br> <a href="mailto:glai@webershandwick.com"><b>glai@webershandwick.com</b></a><br> <br> Matthew Liu<br> (852) 2533 9927<br> <a href="mailto:mliu@webershandwick.com"><b>mliu@webershandwick.com</b></a></p> The MasterCard Worldwide IndexTM of Consumer Confidence (“Index”) is based on a survey conducted between November 2012 and December 2012 on 11,339 respondents aged 18 – 64 in 25 countries within Asia/Pacific, Middle East and Africa.http://www1.mastercard.com/content/intelligence/en/research/press-release/2012/pessimistic-outlook-for-hongkong-consumers2012-03-28T16:00:00.000Z2012-03-28T16:00:00.000ZSingapore Ranks Among World’s Most Popular Destinations: MasterCard Index Joey Phua, Hong Mei Yu, Wendy TohFeatured in Index’s Top Ten Global Destinations; Visitor arrivals and spending up by 9.9% and 12.7% respectively<p><b><i>Singapore, 18 June 2012: </i></b>Asia/Pacific cities continued their ascendance as global destinations in 2012 with nearly half of the world’s top 20 cities by visitor arrivals and expenditure heralding from the region; and Singapore proves to be prominent on the international traveler’s list, according to the <a href="http://masterintelligence-stage-web.xm-apac.com/content/intelligence/en/research/reports/2012/mastercard-global-destination-cities-index.html"><b>MasterCard Global Destination Cities</b></a> Index released today.</p> <p>Singapore ranks among the top ten global destinations by visitor arrivals and cross-border spending. Among the world’s fastest growing destination cities, Singapore (apart from Tokyo that has recovered strongly following the 2011 disasters) is the highest ranking destination city in a developed market.</p> <p>This year’s Global Destinations Cities Index is the second installment of the MasterCard research, which is used as a barometer for understanding the global economy and the dynamic flow of commerce across the world. The MasterCard Index of Global Destination Cities ranks cities in terms of the number of their total international visitor arrivals and the cross-border spending by these same visitors in the destination cities, and gives visitor and passenger growth forecasts for 2012. <i>This Index and the</i><i>&nbsp;accompanying reports are not based on MasterCard volumes or transactional data.</i></p> <p>The Index results reveal a sustained growth among emerging market cities with the top ten Asia/Pacific destinations recording a 9.5% growth in visitor arrivals for 2012 and a 15.3% surge in cross-border spending. Singapore<sup>[<a href="#1">1</a>]</sup> (4<sup>th</sup>), Hong Kong (6<sup>th</sup>) and Kuala Lumpur (10<sup>th</sup>) feature in the Index’s top ten global cities. To view the Index as an interactive map, please click<b> <a href="http://cities.masterintelligence.com/">here</a>.</b></p> <p>Cities in Asia/Pacific once again led the charge globally with eight of the top 20 cities by international arrivals, with Bangkok ranked third globally with projected visitors to top 12.2 million visitors this year. Singapore was in fourth rank with 11.8 million visitors, with Hong Kong sixth with 11.1 million visitors, and Kuala Lumpur ranked 10<sup>th&nbsp;</sup>with 8.1 million visitors expected.&nbsp;</p> <p>The region also ranked highly on visitor spending with Bangkok ranked third globally with US$19.3 billion expected to be spent by inbound passengers in 2012, a 16.6% jump from last year. Singapore leapt two places to fifth overall with US$12.7 billion, up 12.7% on last year. Seoul moved into the top ten with US$10.6 billion in cross-border spend, an increase of 16.2%, while Tokyo, still recovering from the triple disasters of 2011 moved up four places to 14<sup>th</sup>, is officially the world’s third-fastest growing market (24.2%) in terms of cross-border spending.</p> <p>In terms of growth in visitor numbers six out of the top 20 fastest growing cities in the Index were from Asia/Pacific. Apart from Tokyo, Singapore with a growth rate of 9.9% is the highest ranking destination city in a developed market.&nbsp;</p> <p>The largest number of travelers to Singapore comes from Jakarta, Hong Kong, London, and Manila (Table 1). Travelers to Singapore from London tend to be the biggest spenders (Table 2).</p> <p style="text-align: center;">Table 1: Top 3 markets for inbound visitors to Singapore by origin cities</p> <table border="1" cellspacing="0" cellpadding="0"> <tbody><tr><th class="table-description" style="text-align: center;"><b>Rank</b></th> <th class="table-description" style="text-align: center;"><b>City</b></th> <th class="table-description" style="text-align: center;"><b>Visitor numbers</b></th> </tr><tr><td style="text-align: center;"><b>1</b></td> <td style="text-align: center;">Jakarta</td> <td style="text-align: center;">1005,000</td> </tr><tr><td style="text-align: center;"><b>2</b></td> <td style="text-align: center;">Hong Kong</td> <td style="text-align: center;">690,000</td> </tr><tr><td style="text-align: center;"><b>3</b></td> <td style="text-align: center;">London / Manila</td> <td style="text-align: center;">616,000<sup>[<a href="#2">2</a>]</sup></td> </tr></tbody></table> <p style="text-align: center;">Table 2: Top 3 markets for cross-border spenders in Singapore by origin cities</p> <table border="1" cellspacing="0" cellpadding="0"> <tbody><tr><th class="table-description"><b>Rank</b></th> <th class="table-description"><b>City</b></th> <th class="table-description"><b>Expenditure</b></th> </tr><tr><td><b>1</b></td> <td>London</td> <td>USD 1383 million</td> </tr><tr><td><b>2</b></td> <td>Jakarta</td> <td>USD 1328 million</td> </tr><tr><td><b>3</b></td> <td>Hong Kong</td> <td>USD 867 million</td> </tr></tbody></table> <p>“Singapore continues her growth as one of Asia’s premier destinations, with the latest MasterCard Index of Global Destination Cities showing significant upward trend in visitor arrival and inbound spending,” said Ms Julienne Loh, vice president and country manager, Singapore, MasterCard Worldwide. “While travelers continue to be drawn to our city’s attractive retail, dining, entertainment, and leisure offerings, MasterCard will continue seeking ways to enrich cardholders’ experiences in Singapore to maintain our relevance as a sought-after travel destination.”</p> <p><a href="http://www.mastercard.co.uk/priceless-cities/london/" target="_blank"><b>London</b></a> once again topped the world’s cities by visitor numbers with 16.9 million inbound passengers expected in 2012, ahead of Paris in second place with 16 million inbound passengers expected.</p> <p>London also ranked first on cross-border expenditure, ahead of New York in second place, with estimated expenditures in these cities for 2012 amounting to US$21.1 billion and US$19.4 billion respectively.</p> <p>While cities in Europe and the US still ranked highly in the MasterCard Global Destination Cities Index, the number of emerging market cities featuring in the Index showed Asia’s growing role in the global economy.<br> &nbsp;</p> <p><b><a href="http://newsroom.mastercard.com/people/dyuwa/" target="_blank">Dr. Yuwa Hedrick-Wong</a>,</b> global economic advisor, MasterCard Worldwide, said, “The leading Asian cities are some of the most sought after destinations for visitors from all over the world, and the Index indicates that they will continue to thrive into 2012. Another interesting trend that we observe is a rise in cashless payments with many international travelers opting to do electronic transactions rather than using cash. The trend is a response to an increasing demand for safe, simple and smart payments, and highlights the rising importance of cashless commerce for both business and leisure travel.</p> <p></p> <p></p> <p></p> <p><a name="1"></a>[1] <i>City rankings from the 2011 MasterCard Index of Global Destination Cities are altered retrospectively as updates in data become available.</i></p> <p></p> <p></p> <p><a name="2"></a>[2]<i> London and Manila tied in number of inbound visitors to Singapore. There were 616,000 visitors to Singapore from each market.&nbsp;</i></p> <p></p> <p></p> <p></p> The World’s Top 20 Fastest Growing Destination Cities by Visitor Numbers<table border="1" cellspacing="0" cellpadding="0"> <tbody><tr><th class="table-description"><b>Destination City</b></th> <th class="table-description"><b>2012 Growth Rate</b></th> <th class="table-description"><b>Rank</b></th> </tr><tr><td>Rio de Janeiro</td> <td>28.6%</td> <td>1</td> </tr><tr><td>Tokyo</td> <td>21.5%</td> <td>2</td> </tr><tr><td>Quito</td> <td>18.8%</td> <td>3</td> </tr><tr><td>Abu Dhabi</td> <td>17.9%</td> <td>4</td> </tr><tr><td>Tunis</td> <td>17.7%</td> <td>5</td> </tr><tr><td>Dubai</td> <td>15.3%</td> <td>6</td> </tr><tr><td>Taipei</td> <td>15.1%</td> <td>7</td> </tr><tr><td>Istanbul</td> <td>14.7%</td> <td>8</td> </tr><tr><td>Beijing</td> <td>14.7%</td> <td>8</td> </tr><tr><td>Bogota</td> <td>12.6%</td> <td>10</td> </tr><tr><td>Lima</td> <td>11.7%</td> <td>11</td> </tr><tr><td>Riyadh</td> <td>10.4%</td> <td>12</td> </tr><tr><td>Nairobi</td> <td>10.0%</td> <td>13</td> </tr><tr><td>Singapore</td> <td>9.9%</td> <td>14</td> </tr><tr><td>Seoul</td> <td>9.8%</td> <td>15</td> </tr><tr><td>Cairo</td> <td>8.3%</td> <td>16</td> </tr><tr><td>Shanghai</td> <td>8.2%</td> <td>17</td> </tr><tr><td>Toronto</td> <td>7.6%</td> <td>18</td> </tr><tr><td>Washington</td> <td>7.2%</td> <td>19</td> </tr><tr><td>Caracas</td> <td>7.0%</td> <td>20</td> </tr></tbody></table> Asia/Pacific Top 10 Destination Cities by International Visitor Spend (2012)<table border="1" cellspacing="0" cellpadding="0" width="402"> <tbody><tr><th class="table-description" rowspan="2"><b>Rank</b></th> <th class="table-description" rowspan="2"><b>Destination City</b></th> <th class="table-description" rowspan="2"><b>Market</b></th> <th class="table-description" colspan="3"><b>Visitor Spend</b> <b>(US$ Billion)<u></u></b></th> <th class="table-description" rowspan="2"><b>% Growth</b> <b>2011 &amp; 2012</b></th> <th class="table-description" rowspan="2"><b>2012 Visitors</b> <b>(Millions)*</b></th> </tr><tr><th class="table-description"><b>2010</b></th> <th class="table-description"><b>2011</b></th> <th class="table-description"><b>2012</b></th> </tr><tr><td><b>1</b></td> <td>Bangkok</td> <td>Thailand</td> <td>$11.1</td> <td>$16.6</td> <td>$19.3</td> <td>16.6%</td> <td>12.2</td> </tr><tr><td><b>2</b></td> <td>Singapore</td> <td>Singapore</td> <td>$9.0</td> <td>$11.3</td> <td>$12.7</td> <td>12.7%</td> <td>11.8</td> </tr><tr><td><b>3</b></td> <td>Sydney</td> <td>Australia</td> <td>$9.2</td> <td>$10.1</td> <td>$11.0</td> <td>9.7%</td> <td>2.5</td> </tr><tr><td><b>4</b></td> <td>Seoul</td> <td>South Korea</td> <td>$7.7</td> <td>$9.1</td> <td>$10.6</td> <td>16.2%</td> <td>8.0</td> </tr><tr><td><b>5</b></td> <td>Taipei</td> <td>Taiwan</td> <td>$6.1</td> <td>$8.7</td> <td>$10.5</td> <td>20.5%</td> <td>5.4</td> </tr><tr><td><b>6</b></td> <td>Tokyo</td> <td>Japan</td> <td>$10.2</td> <td>$8.0</td> <td>$9.9</td> <td>24.2%</td> <td>4.3</td> </tr><tr><td><b>7</b></td> <td>Hong Kong</td> <td>(SAR) China</td> <td>$7.3</td> <td>$8.6</td> <td>$9.5</td> <td>9.5%</td> <td>11.1</td> </tr><tr><td><b>8</b></td> <td>Shanghai</td> <td>China</td> <td>$5.6</td> <td>$7.3</td> <td>$8.3</td> <td>12.6%</td> <td>7.5</td> </tr><tr><td><b>9</b></td> <td>Beijing</td> <td>China</td> <td>$4.2</td> <td>$5.5</td> <td>$6.5</td> <td>19.2%</td> <td>6.2</td> </tr><tr><td><b>10</b></td> <td>Kuala Lumpur</td> <td>Malaysia</td> <td>$4.7</td> <td>$5.6</td> <td>$6.4</td> <td>13.7%</td> <td>8.1</td> </tr></tbody></table> <p>*Excludes passengers returning to arrival country and includes visitors on non-stop flights only</p> <p></p> Methodology<p>The MasterCard Worldwide Index of Global Destination Cities is compiled using international flight and flight capacity information purchased from OAG Global, a provider of international aviation data. Flight schedules are also used for calculating flight frequency between pairs of cities.</p> <p>Airlines also publish on a regular basis their historical load factor, and advance flight schedules, which are then used to estimate the actual outbound passenger departures, and for forecasting outbound passenger departures in the coming year.</p> <p>On any given flight there are visitors from the departure country, returning residents of the destination city after visiting the departure country, and a third group: non-residents connecting through the departure country to the destination city on their way to a second destination city. This group can be a low proportion of the passengers for typically non-hub cities, but very high for destination cities that are “hubs” such as Singapore, Amsterdam, and Frankfurt.</p> <p>On a country level, the UN Database of “Trade in Service” in the “Travel Component” provides estimates of how much each year residents spend abroad (air fare paid in home country not included).&nbsp; An algorithm is applied to this total outbound expenditure and estimated total number of outbound passengers to derive an estimate of average per outbound passenger’s expenditure overseas.&nbsp;</p> <p>A margin of error is also unavoidable in such estimates, as not all outbound trips are of equal length, and the cost of living varies a great between arrival cities such that even if each trip of equal length, expenditure per passenger between different arrival cities would still be very different.&nbsp;</p> <p>This margin of error is reduced significantly by imposing a minimum of expenditures in the algorithm, after a number of iterative testing (US$500 per trip for bordering arrival country and US$700 per trip for non-bordering arrival country).&nbsp;</p> <p>Please note, the city rankings from the 2011 MasterCard Index of Global Destination Cities are altered retrospectively as updates in data become available.</p> <p></p> About Dr Yuwa Hedrick-Wong, Ph.D., Global Economic Advisor, MasterCard Worldwide<p>Dr Yuwa Hedrick-Wong is a business strategist and economist with 25 years of experience gained in over thirty countries. He was appointed Global Economic Advisor to MasterCard Worldwide in 2009.&nbsp; Prior to this role, he was Economic Advisor to MasterCard in Asia/Pacific, a position he held since 2001. As economic advisor, he chairs a MasterCard Knowledge Panel of leading economists, policy analysts, academics and business strategists for regular exchange and knowledge sharing.&nbsp; In 2007 he was appointed Advisor at Southern Capital Group, a private equity fund; and in 2008 he was appointed to the Investment Council of ICICI, India’s largest private bank. &nbsp;&nbsp;</p> <p>Yuwa is also currently the HSBC Visiting Professor of International Business at the University of British Columbia, Vancouver, B.C. Canada, and is a frequent speaker at numerous international high-profile conferences.&nbsp;</p> <p></p> About MasterCard Worldwide<p><a href="http://www.mastercard.com/index.html" target="_blank"><b>MasterCard</b></a>&nbsp;(NYSE: MA),&nbsp;<a href="http://www.mastercard.com/" target="_blank"><b>www.mastercard.com</b></a>,<b>&nbsp;</b>is a technology company in the global payments industry. We operate&nbsp;the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard’s products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter <a href="https://twitter.com/#!/MasterCardNews" target="_blank"><b>@MasterCardNews</b></a><b>,&nbsp;</b>join the discussion on the&nbsp;<a href="http://newsroom.mastercard.com/blog/" target="_blank"><b>Cashless Conversations Blog</b></a>&nbsp;and&nbsp;<a href="http://newsroom.mastercard.com/subscribe/" target="_blank"><b>subscribe</b></a>&nbsp;for the latest <a href="http://newsroom.mastercard.com/" target="_blank"><b>news</b></a>.</p> Contacts:<p>Joey Phua,<br> Weber Shandwick,<br> <a href="mailto:jphua@webershandwick.com" target="_blank"><b>jphua@webershandwick.com</b></a>,<br> +65 6825 8010</p> <p>Hong Mei Yu,<br> Weber Shandwick,<br> <a href="mailto:myhong@webershandwick.com" target="_blank"><b>myhong@webershandwick.com</b></a>,<br> +65 6825 8045</p> <p>Wendy Toh,<br> Weber Shandwick,<br> <a href="mailto:wtoh@webershandwick.com" target="_blank"><b>wtoh@webershandwick.com</b></a>,<br> +65 6825 8038</p> <p><i></i></p> This is the second installment of the MasterCard research, which is used as a barometer for understanding the global economy and the dynamic flow of commerce across the world.http://www1.mastercard.com/content/intelligence/en/research/press-release/2012/singapore-ranks-among-worlds-most-popular-destinations-mastercard-index2012-06-17T16:00:00.000Z2012-06-17T16:00:00.000ZSMU-MasterCard Survey Shows more Anchoring in Inflation Expectations Georgette Tan, Robert O’Brien, Kong Hwee Ting, Gladys NgMethodology<p>Two indices were created, SInDEx1 and SInDEx5, to measure the 1-year inflation expectations and the 5-year inflation expectations. The data for the SKBI-MasterCard Survey was collected online from about 400 consumers. The sampling was done using a quota sample over gender, age and residency status to ensure representativeness of the sample. Employees in some sectors like journalism, marketing were excluded as that might have an effect on their responses to questions on consumption behaviour and expectations.</p> About MasterCard Worldwide<p><a href="http://www.mastercard.com/index.html" target="_blank"><b>MasterCard</b></a>&nbsp;(NYSE: MA),&nbsp;<a href="http://www.mastercard.com/" target="_blank"><b>www.mastercard.com</b></a>,<b>&nbsp;</b>is a technology company in the global payments industry. We operate&nbsp;the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard’s products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter <a href="https://twitter.com/#!/MasterCardNews" target="_blank"><b>@MasterCardNews</b></a><b>,&nbsp;</b>join the discussion on the&nbsp;<a href="http://newsroom.mastercard.com/blog/" target="_blank"><b>Cashless Conversations Blog</b></a>&nbsp;and&nbsp;<a href="http://newsroom.mastercard.com/subscribe/" target="_blank"><b>subscribe</b></a>&nbsp;for the latest <a href="http://newsroom.mastercard.com/" target="_blank"><b>news</b></a>.</p> About Singapore Management University<p>A premier university in Asia, the Singapore Management University (SMU) is internationally recognised for its world class research and distinguished teaching.&nbsp; Established in 2000, SMU’s mission is to generate leading edge research with global impact and produce broad-based, creative and entrepreneurial leaders for the knowledge-based economy.&nbsp; It is known to be a pioneer for its interactive and technologically-enabled pedagogy of seminar-style teaching in small class sizes which remains its unique hallmark.</p> <p>Home to more than 7,200 students, SMU comprises six schools: School of Accountancy, Lee Kong Chian School of Business, School of Economics, School of Information Systems, School of Law and School of Social Sciences, offering a wide range of bachelor’s, master’s and PhD degree programmes in business and other disciplines.</p> <p>With an emphasis on generating rigorous, high impact cross-disciplinary research that addresses Asian issues of global relevance, SMU faculty collaborates with leading foreign researchers as well as partners in the business community and public sector through its research institutes and centres.&nbsp; Through executive education, the university provides public and customised training for working professionals in meeting the needs of the economy.&nbsp; Close relationships with leading universities, including The Wharton School, Carnegie Mellon, the University of Pennsylvania and the University of Chicago’s Booth School of Business, allow SMU to draw on their academic and research strengths in various collaborations.&nbsp; The SMU city campus is a state-of-the art facility located in the heart of downtown Singapore, fostering strategic linkages with the business and wider community. <a href="http://smu.edu.sg" target="_blank"><b>smu.edu.sg</b></a></p> About Sim Kee Boon Institute for Financial Economics<p>Established in July 2008, the Sim Kee Boon Institute for Financial Economics (SKBI) at the Singapore Management University promotes the study of Financial Economics and Financial Econometrics in areas of strategic relevance to Singapore's economy and the economies of the region. A significant addition to Singapore's efforts to be a financial hub in Asia, SKBI is a leading institute for academic research with strong industry application and practical dimension in the area of Financial Economics.</p> <p>The Institute has four major research centres for quantitative financial analysis and offers training programmes for professionals in the financial industry. Its work is conducted in close collaboration with leading scholars in financial economics and financial econometrics from around the world as well as leading international organisations and experts from industry. www.smu.edu.sg/institutes/skbife</p> Media contacts:<p>Huang Peiling, SMU<br> +65 6828 0964,<br> <a href="mailto:plhuang@smu.edu.sg"><b>plhuang@smu.edu.sg</b></a></p> <p>Gladys Ng, SKBI, SMU<br> + 65 6808 5229,<br> <a href="mailto:gladysng@smu.edu.sg"><b>gladysng@smu.edu.sg</b></a></p> <p>Georgette Tan, MasterCard Worldwide,<br> +65 6390 5971,<br> <a href="mailto:georgette_tan@mastercard.com"><b>georgette_tan@mastercard.com</b></a></p> <p>Rob O’Brien, Weber Shandwick,<br> +65 6825 8064,<br> <a href="mailto:robrien@webershandwick.com"><b>robrien@webershandwick.com</b></a></p> Appendix 1<table width="408" cellspacing="0" cellpadding="0" border="1"> <tbody><tr><td width="204" valign="top"><p>Headline Inflation Expectations</p> </td> <td width="204" valign="top"><p>Overall inflation expectations</p> </td> </tr><tr><td width="204" valign="top"><p>Singapore Core inflation expectations</p> </td> <td width="204" valign="top"><p>Inflation expectations excluding accommodation and private transportation related expenses.</p> </td> </tr><tr><td width="204" valign="top"><p>SInDEx1</p> </td> <td width="204" valign="top"><p>A composite medium term inflation expectations index which measures inflation expectations one year ahead with lower weights on accommodation, private transportation, food and energy expenses.</p> </td> </tr><tr><td width="204" valign="top"><p>SInDEx5</p> </td> <td width="204" valign="top"><p>A composite five-year inflation expectations which measures inflation expectations five years ahead with lower weights on accommodation, private transportation, food and energy related expenses.</p> </td> </tr></tbody></table> The SKBI-MasterCard Singapore Index of Inflation Expectations (SInDEx), which was jointly developed by Dr Aurobindo GHOSH and Professor Jun YU from SMU Sim Kee Boon Institute for Financial Economics (SKBI), and MasterCard, is based on a survey of around 400 randomly selected individuals from households in Singapore. http://www1.mastercard.com/content/intelligence/en/research/press-release/2012/smu-mastercard-survey-shows-more-anchoring-in-inflation-expectat2012-07-26T16:00:00.000Z2012-07-26T16:00:00.000ZSingapore Inflation Expectations Rise due to Concerns Over Uncertainty in Global Recovery Georgette Tan, Robert O’Brien, Kong Hwee Ting, Gladys NgMasterCard and SMU Research Shows Slowing Global Growth and Low Interest Rates in Foreseeable Future as Two Possible Reasons<p><i>TWEET: <a href="http://bit.ly/PFM8sA" target="_blank"><b>http://bit.ly/PFM8sA</b></a> #MasterCardAP, #Inflation #Singapore</i></p> <p><i><b>Singapore, 22 October 2012</b></i> – Singapore households are expecting inflation to rise due to perceived low interest rates and excess liquidity in the foreseeable future, according to the latest findings of the SKBI-MasterCard Singapore Index of Inflation Expectations (SInDEx).</p> <p>The SInDEx, which was jointly developed by <a target="_blank" href="http://www.smu.edu.sg/institutes/skbife"><b>Singapore Management University’s Sim Kee Boon Institute for Financial Economics (SKBI)</b></a> and <a target="_blank" href="http://newsroom.mastercard.com/asia-pacific/"><b>MasterCard</b></a>, is derived from an online survey of around 400 randomly selected individuals from Singapore households.</p> <p>The online survey helps researchers understand the behaviour and sentiments of decision makers in Singapore households. This is the fifth wave of the quarterly survey conducted under the collaboration and the indices were officially launched in January 2012. SInDEx was co-developed by Dr Aurobindo Ghosh and Professor Jun Yu from SMU SKBI.</p> <p>In the latest survey conducted in September this year, consumers shared their views on perceived values of economic variables over the next one to five years.</p> <p>Comparing the two waves of surveys conducted in<b> <a target="_blank" href="http://bit.ly/NMjiVc">June</a> </b>and September 2012, consumers expect inflation to inch higher. Their perception of the One-year-Ahead headline inflation (CPI-All Items) has gone up from 4.45% in June to 4.57% in September. At the same time, the forward looking SInDEx1, a composite weighted index of One-year-Ahead inflation expectations, has consequently increased to 4.57% (from 4.4% in June).</p> <p>The long term Five-year-Ahead overall (or CPI-All Items) Inflation expectations went up to 5.56% in September. The Five-year-Ahead Singapore Core Inflation rate (excluding accommodation and private transportation) is at 5.2% in the September wave, which is higher compared to 4.91% in June. This shows that, besides housing and private transportation, respondents also perceived a rise in commodities prices.</p> <p>The composite Five-year-Ahead Singapore Index of Inflation Expectations (SInDEx5) in September 2012 has consequently increased to 5.35%, from 5.08% in the survey conducted in June 2012.</p> <p style="text-align: center;"><a target="_blank" href="/content/dam/intelligence/content-assets/OneYearAheadInflationExpectations2.jpg"><img width="258" height="208" src="/content/dam/intelligence/content-assets/OneYearAheadInflationExpectations2.jpg"></a></p> <p style="text-align: center;"><b>Fig 1.</b></p> <p style="text-align: center;"><a target="_blank" href="/content/dam/intelligence/content-assets/FiveYearAheadInflationExpectations2.jpg"><img width="233" height="188" src="/content/dam/intelligence/content-assets/FiveYearAheadInflationExpectations2.jpg"></a></p> <p style="text-align: center;"><b>Fig 2.</b></p> <p>Dr. Aurobindo Ghosh, co-creator of SInDEx, and Programme Director of SMU SKBI said, “The slowdown of global economic activities and persistent unemployment in western economies &nbsp;have sent warning signals to policymakers on the urgency to create new jobs, &nbsp;thus resulting in expansionary monetary policies. These events might have created a perception that “smart money” will start flowing to financially and economically sound markets in Asia like Singapore.</p> <p>“With an impending slowdown of growth in India and China compared to their recent historic averages, Singapore is probably as good a bet as any other investment destination. This expected influx of “smart money” might have led to an increase in the medium and long term inflation expectations particularly through the real estate sector. This perception, coupled with domestic price pressures due to rising private transportation costs might have exacerbated the overall inflation expectations, although the price of oil and some other commodities have significantly eased in recent times.” Dr. Ghosh observed.</p> <p><a target="_blank" href="http://newsroom.mastercard.com/people/dyuwa/"><b>Dr. Yuwa Hedrick-Wong, global economic advisor, MasterCard Worldwide</b></a> said, “The global economic outlook today is affected by an unprecedented level of uncertainty, possibly the worst in over half a century. Accordingly, the increase in inflation expectation in Singapore reflects consumers’ concern over both domestic conditions as well as the global economy. The significant rise in the Five-Year Ahead expectation especially suggests that Singapore consumers are troubled by the persistent uncertainty in the global economic environment.”</p> Methodology<p>Two indices were created, SInDEx1 and SInDEx5, to measure the 1-year inflation expectations and the 5-year inflation expectations. The data for the SKBI-MasterCard Survey was collected online from about 400 consumers. The sampling was done using a quota sample over gender, age and residency status to ensure representativeness of the sample. Employees in some sectors like journalism, marketing were excluded as that might have an effect on their responses to questions on consumption behaviour and expectations.</p> About Singapore Management University<p><b>About the Singapore Management University</b></p> <p>A premier university in Asia, the Singapore Management University (SMU) is internationally recognised for its world class research and distinguished teaching.&nbsp; Established in 2000, SMU’s mission is to generate leading edge research with global impact and produce broad-based, creative and entrepreneurial leaders for the knowledge-based economy.&nbsp; It is known for its interactive and technologically-enabled pedagogy of seminar-style teaching in small class sizes.</p> <p>Home to more than 7,200 students, SMU comprises six schools: School of Accountancy, Lee Kong Chian School of Business, School of Economics, School of Information Systems, School of Law and School of Social Sciences, offering a wide range of bachelor’s, master’s and PhD degree programmes in various disciplines.</p> <p>With an emphasis on generating rigorous, high impact cross-disciplinary research that addresses Asian issues of global relevance, SMU faculty collaborates with leading foreign researchers as well as partners in the business community and public sector through its research institutes and centres. </p> About Sim Kee Boon Institute for Financial Economics<p>Established in July 2008, the Sim Kee Boon Institute for Financial Economics (SKBI) at the Singapore Management University promotes the study of Financial Economics and Financial Econometrics in areas of strategic relevance to Singapore’s economy and the economies of the region. A significant addition to Singapore’s efforts to be a financial hub in Asia, SKBI is a leading institute for academic research with strong industry application and practical dimension in the area of Financial Economics.</p> <p>The Institute has four major research centres for quantitative financial analysis and offers training programmes for professionals in the financial industry. Its work is conducted in close collaboration with leading scholars in financial economics and financial econometrics from around the world as well as leading international organisations and experts from industry. <a></a><a href="http://www.smu.edu.sg/institutes/skbife" target="_blank"><b>www.smu.edu.sg/institutes/skbife</b></a></p> About MasterCard Worldwide<p><a href="http://www.mastercard.com/index.html" target="_blank"><b>MasterCard</b></a>&nbsp;(NYSE: MA),&nbsp;<a href="http://www.mastercard.com/" target="_blank"><b>www.mastercard.com</b></a>,<b>&nbsp;</b>is a technology company in the global payments industry. We operate&nbsp;the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard’s products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter <a href="https://twitter.com/#!/MasterCardNews" target="_blank"><b>@MasterCardNews</b></a><b>,&nbsp;</b>join the discussion on the&nbsp;<a href="http://newsroom.mastercard.com/blog/" target="_blank"><b>Cashless Conversations Blog</b></a>&nbsp;and&nbsp;<a href="http://newsroom.mastercard.com/subscribe/" target="_blank"><b>subscribe</b></a>&nbsp;for the latest <a href="http://newsroom.mastercard.com/" target="_blank"><b>news</b></a>.</p> Media contacts:<p>Kong Hwee Ting, SMU,<br> +65 6808 5238,<br> <a href="mailto:htkong@smu.edu.sg"><b>htkong@smu.edu.sg</b></a></p> <p>Gladys Ng, SKBI, SMU,<br> + 65 6808 5229,<br> <a href="mailto:gladysng@smu.edu.sg"><b>gladysng@smu.edu.sg</b></a></p> <p>Georgette Tan, MasterCard Worldwide,<br> +65 6390 5971,<br> <a href="mailto:georgette_tan@mastercard.com"><b>georgette_tan@mastercard.com</b></a></p> <p>Rob O’Brien, Weber Shandwick,<br> +65 6825 8064,<br> <a href="mailto:robrien@webershandwick.com"><b>robrien@webershandwick.com</b></a></p> The SInDEx, which was jointly developed by Singapore Management University’s Sim Kee Boon Institute for Financial Economics (SKBI) and MasterCard, is derived from an online survey of around 400 randomly selected individuals from Singapore households. http://www1.mastercard.com/content/intelligence/en/research/press-release/2012/singapore-inflation-expectations-rise-due-to-concerns-over-uncer2012-10-21T16:00:00.000Z2012-10-21T16:00:00.000ZConsumer Confidence Faces Further Decline Georgette Tan, Robert O’BrienUncertainty over Employment and Personal Income Outlook<p><b><i>Sydney, March 01, 2012 </i></b>– The <a href="http://newsroom.mastercard.com/asia-pacific/" target="_blank"><b>MasterCard</b></a> Worldwide Index<sup> TM</sup> of Consumer Confidence,<i> </i>which tracks forward looking sentiment of Australians over the next six months, has fallen sharply from 57 Index points in the first half of 2011 to 43.3 Index points.</p> <p>Conducted twice a year, the latest MasterCard Worldwide Index<sup>TM</sup> of Consumer Confidence undertaken between December 2011 and February 2012, shows that retailers still face significant obstacles before consumer sentiment returns to positive territory.&nbsp; <i>The Index and its accompanying reports do not represent MasterCard financial performance.</i></p> <p><i></i>“Despite seeing a lift in overall retail growth in the months leading up to Christmas, it is no surprise that the latest <a href="http://www.abs.gov.au/AUSSTATS/abs@.nsf/allprimarymainfeatures/FB435B0F7C83FA1DCA2579B2000DBD69?opendocument" target="_blank"><b>figures</b></a> indicate a decline in the outlook for confidence given that consumers kept retail expenditure on a short leash during the festive month of December<sup>[<a href="#1">1</a>]</sup>,” said MasterCard Australia Country Manager, Andrew Cartwright.</p> <p>“Consumers are still keeping a very close eye on their exposure to debt. This is evidenced by the annual growth rate on <a href="http://www.rba.gov.au/statistics/tables/xls/c01hist.xls" target="_blank"><b>credit card balances</b></a><sup>[<a href="#2">2</a>]</sup> which accrue interest falling to 1.64 per cent in December 2011, down from 2.28 per cent in November 2011.”</p> <p>That is a very different place from 6.9 per cent in December 2010 for the same measure. Conversely the annual <a href="http://www.rba.gov.au/statistics/tables/xls/c05hist.xls" target="_blank"><b>growth rate in total debit purchases</b></a> (excluding cash out) was 13.4 per cent<sup>[<a href="#3">3</a>]</sup>.</p> <p>The MasterCard Index also shows that confidence in the general employment situation among Australians has significantly deteriorated, dropping notably from an optimistic 60.7 Index points to a pessimistic 39.2 Index points.</p> <p>These fears about general employment prospects were underscored by a corresponding drop in confidence about personal regular income which also significantly deteriorated from an optimistic 68.1 Index points to a neutral 57.1 Index points.</p> <p>“Even though Australia continues to have one of the lowest unemployment rates in the Western world, the highly publicised nature of recent job losses – especially in the banking and manufacturing sectors – look to be taking their toll on confidence in this area,” Cartwright added.</p> <p>The Index also shows that the different generations have varying consumer confidence levels, with respondents aged 30 and under having an average Index score of 54.9 compared to a far lower Index score of 31.8 for those above 30 years old.</p> <p>Now in its 20th year, the MasterCard Worldwide Index of Consumer Confidence is one of Australia’s most comprehensive and longest running consumer confidence surveys. The latest survey was conducted from December 2011 to February 2012 and involved 12,915 respondents aged 18 – 64 in 25 countries.</p> <p><a name="1"></a>[1]<i> December key figures from the Australian Bureau of Statistics, <a href="http://www.abs.gov.au/AUSSTATS/abs@.nsf/allprimarymainfeatures/FB435B0F7C83FA1DCA2579B2000DBD69?opendocument" target="_blank"><b>http://www.abs.gov.au/AUSSTATS/abs@.nsf/allprimarymainfeatures/FB435B0F7C83FA1DCA2579B2000DBD69?opendocument</b></a></i></p> <p></p> <p></p> <p><a name="2"></a>[2] <i><b><a href="http://www.rba.gov.au/statistics/tables/xls/c01hist.xls" target="_blank">http://www.rba.gov.au/statistics/tables/xls/c01hist.x</a><a href="http://www.rba.gov.au/statistics/tables/xls/c01hist.xls" target="_blank">ls</a></b>Statistics from the monthly Reserve Bank Bulletin</i></p> <p></p> <p></p> <p><a name="3"></a>[3]<i><b>&nbsp;<a href="http://www.rba.gov.au/statistics/tables/xls/c05hist.xls" target="_blank">http://www.rba.gov.au/statistics/tables/xls/c05hist</a><a href="http://www.rba.gov.au/statistics/tables/xls/c05hist.xls" target="_blank">.xls</a></b> Statistics from the monthly Reserve Bank Bulletin</i></p> <p></p> <p></p> <p></p> Notes to the editor<p>The Index is based on a survey that measures consumer confidence on five economic indicators: Economy, Employment, Stock Market, Regular Income and Quality of Life. The Index score is calculated with zero as the most pessimistic, 100 as most optimistic and 50 as neutral.</p> <p>For the full report go to: <b><a href="http://www.masterintelligence.com/" target="_blank">www.masterintelligence.com</a></b></p> <p></p> mastercard research<p>The MasterCard Worldwide Index suite of research products in Asia/Pacific, Middle East and Africa includes the flagship MasterCard Worldwide Index of Consumer Confidence, MasterCard Worldwide Indexes of Women’s Advancement, Online Shopping, Financial Literacy, and the recently launched inaugural Index of Global Destination Cities, all of which are released annually. In addition to the Index properties, MasterCard’s suite of research properties includes the MasterCard Worldwide Survey on Ethical Spending Behaviour and MasterCard Worldwide Survey on Consumer Purchasing Priorities series covering Travel, Dining &amp; Entertainment, Education, Money Management, Luxury and General Shopping, which are released annually.&nbsp;</p> <p>Besides these, MasterCard also regularly releases Insights reports which include research and analysis of business dynamics, financial policies and regulatory activities in the Asia/Pacific, Middle East and Africa region. Over 80 Insights reports have been produced since 2004. MasterCard has also released a series of four books on Asian consumer insights, authored by Dr. Yuwa Hedrick-Wong, Global Economic Advisor for MasterCard Worldwide and published by John Wiley &amp; Sons. The MasterCard Indexes and Insights reports are available at <a href="http://www.masterintelligence.com/" target="_blank"><b>www.masterintelligence.com</b></a></p> <p></p> about mastercard worldwide<p><a href="http://www.mastercard.com/index.html" target="_blank"><b>MasterCard</b></a>&nbsp;(NYSE: MA),&nbsp;<a href="http://www.mastercard.com/" target="_blank"><b>www.mastercard.com</b></a>,<b>&nbsp;</b>is a technology company in the global payments industry. We operate&nbsp;the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard’s products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter <a href="https://twitter.com/#!/MasterCardNews" target="_blank"><b>@MasterCardNews</b></a><b>,&nbsp;</b>join the discussion on the&nbsp;<a href="http://newsroom.mastercard.com/blog/" target="_blank"><b>Cashless Conversations Blog</b></a>&nbsp;and&nbsp;<a href="http://newsroom.mastercard.com/subscribe/" target="_blank"><b>subscribe</b></a>&nbsp;for the latest <a href="http://newsroom.mastercard.com/" target="_blank"><b>news</b></a>.</p> Contacts:<p>Georgette Tan<br> MasterCard Worldwide<br> <a href="mailto:georgette_tan@mastercard.com"><b>georgette_tan@mastercard.com</b></a><br> +65 6390 5971<br> <br> Robert O’Brien<br> Weber Shandwick<br> <a href="mailto:robrien@webershandwick.com"> <b>robrien@webershandwick.com</b></a><br> +65 6825 8064<br> </p> The MasterCard Worldwide IndexTM of Consumer Confidence (“Index”) is based on a survey conducted between November 2012 and December 2012 on 11,339 respondents aged 18 – 64 in 25 countries within Asia/Pacific, Middle East and Africa.http://www1.mastercard.com/content/intelligence/en/research/press-release/2012/consumer-confidence-faces-further-decline2012-02-29T16:00:00.000Z2012-02-29T16:00:00.000ZJohannesburg Ranked the Second Most Visited City in Africa – MasterCard Index Nicky JamesJohannesburg to attract highest visitor expenditure on the continent<p><b><i>Johannesburg, South Africa, 11 June 2012</i></b> – Johannesburg will be the second most visited destination city in Africa, with a projected 2.5 million visitors expected to enter the city in 2012. This is according to the latest MasterCard Index of Global Destination cities released by MasterCard today.</p> <p>In addition, visitors are projected to spend more while visiting Johannesburg than any other destination city on the continent, with $3.3bn estimated to be injected into the city during 2012, an increase of 8.1% on 2011’s figures.</p> <p>“This is the second installment of this MasterCard Index, which is used as a barometer for understanding the global economy and the dynamic flow of commerce across the world,” said Dries Zietsman, Country Manager, MasterCard Worldwide: South Africa “The Index ranks 132 global cities<sup>[<a href="#1">1</a>]</sup> by their total international visitor arrivals and the cross-border spending by visitors in the destination cities. It also forecasts visitor and passenger growth for 2012.”</p> <p>Thirteen African cities were ranked within the 132 cities including Cairo, Johannesburg, Casablanca, Accra, Nairobi, Beira, Cape Town, Dakar, Durban, Kampala, Lagos, Maputo, and Tunis.</p> <p>Ahead of Johannesburg in terms of visitor numbers, and taking the top position in Africa, is Cairo with 3.3m visitors expected in 2012, while Casablanca, with an anticipated 2.1m visitors, is third.</p> <p>Looking at visitor expenditure in the African cities surveyed for 2012; Cairo takes second place after Johannesburg, with the city expecting to attract $3.0bn in cross border spend followed by Casablanca at $1.9bn.</p> <p>The three cities where most visitors to Johannesburg originate from are London (328,000 people), Frankfurt (196,000 people) and Dubai (166,500 people). Combined, these visitors are expected to inject a $975m into the city’s economy in terms of cross border spend during 2012.</p> <p>In more detail, Londoners are expected to spend $638m during 2012 (an average of $1,945 per person), those from Frankfurt will spend $182m (an average $929 per person) while Dubai visitors will spend $155m (an average of $930 per person).</p> <p>Interestingly, 143,000 visitors are expected to travel to Johannesburg from Paris – however they will spend an anticipated $332m in the city during 2012, a substantial amount compared to visitor numbers and an average of $2,320 per person – the highest average spend per person of all visitors.</p> <p>“The Index also reveals the destination cities where those from Johannesburg are travelling to, and it was found that in most cases they are opting for African destinations before they travel overseas,” said Zietsman “Four of the top five outbound destinations for Johannesburg travellers are within Africa. Windhoek and Nairobi are the top two outbound travel destinations; London comes in third, followed by Harare and Luanda.”</p> <p>In addition to Johannesburg, Durban and Cape Town were also surveyed. The Index reveals that Durban will be the fastest growing city in Africa for both visitor numbers and expenditure and is predicted to be the second fastest growing city of all the 132 cities surveyed worldwide , with a projected 33.3% growth in the number of international visitors and 41.3% growth in visitor expenditure in 2012 – albeit off a low base.</p> <p>Supporting this growth is the fact that <a target="_blank" href="http://www.iol.co.za/news/south-africa/kwazulu-natal/emirates-confirms-durban-route-1.1310762"><b>Emirates Airlines has reaffirmed its confidence in Durban</b></a> as a leading South African tourist destination, by increasing its capacity on its Dubai-Durban route by 30% from June 2012 in direct response to increasing passenger demand on this route from the Middle and Far East, China and Dubai.</p> <p>“Additionally, the <b><a target="_blank" href="http://www.thenewage.co.za/51076-1010-53-Durban_to_flaunt_its_attractions">Durban International Convention Centre</a> </b>provides the largest flat floor, column free exhibition and conferencing space in Africa, attracting many international exhibitors to the city while playing host to some of the largest and most complex conferences and business events in the world over the past fifteen years,” says Zietsman.</p> <p>Looking at Cape Town, the majority of international visitors to the Mother City are from London, with 185,000 visitors expected to spend $361m throughout the year. This is followed by 127,500 travellers from Dubai spending $118m, and 76,000 visitors from Amsterdam spending $68m.</p> <p>In 2011, Tripadvisor, an influential online travel website, named Cape Town as <a target="_blank" href="http://www.iol.co.za/travel/travel-news/cape-town-is-top-holiday-destination-1.1076690"><b>the world’s top holiday destination</b></a>, which led to British Airways using bigger planes on this route to increase capacity, as well as increasing its weekly flight schedule.</p> <p>“Cape Town is popular with many travellers because of the wide-range of experiences it offers visitors, from surfing and sailing, mountain climbing and beaches, to its wine farms and world-renowned fine-dining establishments,” says Zietsman. “Its World Heritage Sites, magnificent natural surrounds and superior shopping opportunities add to its irresistible appeal.</p> <p></p> <p></p> <p></p> <p><a name="1"></a>[1] <i>Asia/Pacific (42); Europe (36); Latin America (19); Middle East &amp; Africa (21); North America (14)</i></p> <p></p> <p></p> <p></p> The world’s top destination cities<p>London topped the world’s cities by visitor numbers globally for the second consecutive year. Its number one ranking is based on a predicted uplift of international visitor numbers by 1.1% to a record 16.9 million. Paris, in second position, expects 16 million inbound passengers. Making up the rest of the top five global destination cities are Bangkok (12.2m visitors); Singapore (11.8m visitors) and Istanbul (11.6m visitors)</p> <p>Surprisingly, no US cities made the top 10 by visitor arrivals, with New York the first city to achieve a ranking at 13<sup>th</sup> spot, with 7.6 million inbound passengers expected.</p> <p>London also ranked first in cross-border expenditure, ahead of New York in second place, with estimated spend in these cities for 2012 amounting to US$21.1 billion and US$19.4 billion respectively. Bangkok, Paris and Singapore make up the rest of the top five with visitor expenditure at $19.3bn, $17.8bn and $12.7 to be spent in 2012 respectively.</p> <p>While cities in Europe and the US still ranked highly on Index, Dr. Yuwa Hedrick-Wong, global economic advisor for MasterCard Worldwide and author of the report, said that the number of emerging market Asian cities featuring in the top 10 global destination cities on the Index showed Asia’s growing role in the global economy.</p> <p>“In addition, cities in Africa are also showing strong growth. Tunis, after the political upheaval in early 2011, is expected to show growth of 19.8% in visitor spend with an increase in visitor numbers of 17.7%. Nairobi also expects double figure growth: a 10% growth in visitor spend is expected off a 16.7% growth in visitor expenditure. Cairo, in spite of ongoing turmoil in Egypt, expects an 8.4% growth in spend off an 8.3% growth in visitor numbers,” explains Hedrick-Wong.</p> <p>“This kind of growth pattern strongly suggests that destination cities in emerging markets in Africa will also continue to grow in importance in the global economy,” he says.</p> <p>“In spite of the ups and downs of the business cycle, the overall pattern is clear: cross border travel by air is a resilient trend that is embraced by a growing number of people across Africa, underpinned by visitors’ robust willingness and capacity to spend,” he concludes.</p> <p></p> Methodology<p>The MasterCard Worldwide Index of Global Destination Cities is compiled using international flight and flight capacity information purchased from OAG Global, a provider of international aviation data. Flight schedules are also used for calculating flight frequency between pairs of cities.&nbsp; Airlines also publish on a regular basis their historical load factor, and advance flight schedules, which are then used to estimate the actual outbound passenger departures, and for forecasting outbound passenger departures in the coming year.</p> <p>On any given flight there are visitors from the departure country, returning residents of the destination city after visiting the departure country, and a third group: non-residents connecting through the departure country to the destination city on their way to a second destination city. This group can be a low proportion of the passengers for typically non-hub cities, but very high for destination cities that are “hubs” such as Singapore, Amsterdam, and Frankfurt.</p> <p>On a country level, the UN Database of “Trade in Service” in the “Travel Component” provides estimates of how much each year residents spend abroad (air fare paid in home country not included).&nbsp; An algorithm is applied to this total outbound expenditure and estimated total number of outbound passengers to derive an estimate of average per outbound passenger’s expenditure overseas.&nbsp;</p> <p>A margin of error is also unavoidable in such estimates, as not all outbound trips are of equal length, and the cost of living varies a great between arrival cities such that even if each trip of equal length, expenditure per passenger between different arrival cities would still be very different.</p> <p>This margin of error is reduced significantly by imposing a minimum of expenditures in the algorithm, after a number of iterative testing (US$500 per trip for bordering arrival country and US$700 per trip for non-bordering arrival country).&nbsp;&nbsp;</p> <p></p> About MasterCard<p><a href="http://www.mastercard.com/index.html" target="_blank"><b>MasterCard</b></a>(NYSE: MA), <a href="http://www.mastercard.com/" target="_blank"><b>www.mastercard.com</b></a>, is a global payments and technology company. It operates the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard’s products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter <a href="https://twitter.com/#!/MasterCardNews" target="_blank"><b>@MasterCardNews</b></a><b>, </b>join the discussion on the <a href="http://newsroom.mastercard.com/blog/" target="_blank"><b>Cashless Conversations Blog</b></a> and <a href="http://newsroom.mastercard.com/subscribe/" target="_blank"><b>subscribe</b></a> for the latest <a href="http://newsroom.mastercard.com/" target="_blank"><b>news</b></a>.</p> Contacts:<p>MasterCard&nbsp;Media Relations:<br> Nicky James,<br> <a href="mailto:nickyj@tribecapr.co.za" target="_blank"><b>ickyj@tribecapr.co.za</b></a><br> +27 (0)11&nbsp;208 5527</p> This is the second installment of the MasterCard research, which is used as a barometer for understanding the global economy and the dynamic flow of commerce across the world.http://www1.mastercard.com/content/intelligence/en/research/press-release/2012/johannesburg-ranked-the-second-most-visited-city-in-africa-mastercard-index2012-06-10T16:00:00.000Z2012-06-10T16:00:00.000ZChina Leads the Way in Mobile Shopping Across Greater China: MasterCard Survey Huanyu Wu, Tang Fei / Edward Guo Popular mobile commerce purchases include clothing, books, CDs, DVDs and online games<p><b><i>Beijing, </i></b><b><i>29 June 2012</i></b> – The latest annual Online Shopping Survey conducted by <a href="http://newsroom.mastercard.com/asia-pacific/" target="_blank"><b>MasterCard</b></a>,<b>&nbsp;</b>revealed that 91% of Chinese mobile phone users are able to access the Internet on their mobile devices and a further 37% have made online purchases through their mobile phones in the last three months. In contrast, mobile Internet penetration levels in Hong Kong and Taiwan stand at 86% and 66%, respectively, and only a quarter of residents from either country have purchased an item online in the last three months.</p> <p>This study is part of the annual Online Shopping Survey by MasterCard and was conducted both online and offline in 25 countries within Asia/Pacific, Middle East and Africa between 5 December 2011 and 6 February 2012. The report for China is based on 500 respondents who access the internet at least weekly. The data was weighted to the online population in each of those markets. Similar surveys were also carried out in Taiwan and Hong Kong.</p> <p>Of those with mobile internet access, 37% of the Chinese surveyed have made at least one online purchase over their mobile phones in the last three months, while 15% of respondents plan on making a purchase over their mobile phones in the next six months.&nbsp; This is a sharp increase from the 23% who shopped through their mobile phones last year.</p> <p>While Chinese respondents generally agreed that shopping over a mobile phone was convenient, 83% of them still preferred to shop on a computer. Those who favored shopping over their mobile phones did so because it was convenient (61%); the wide range of phone applications made it easy to shop online (51%); and it helped them pass time (26%).</p> <p>“China’s adoption of smartphones has given rise to a distinct shift in the shopping channels favored by its citizens,” said <b><a href="http://newsroom.mastercard.com/people/lhai/" target="_blank">Ling Hai, Division President of Greater China for MasterCard Worldwide</a>.</b></p> <p>“The survey demonstrates that advances in mobile technology are not just offering mobile retailers more marketing platforms to connect with consumers, it is providing the savvy and modern shopper a wider range of shopping options to choose from, and higher flexibility in when, where and how they shop.”</p> <p>Clothing and accessories (33%), books, CDs and DVDs (26%), online games (24%), personal care and beauty products (22%) and online coupons and deals (22%) are the top categories of items purchased by the Chinese through mobile internet.</p> <p>Interestingly, only 18% of Chinese respondents said they bought phone applications or ‘apps’ through their phones, compared with the Asia Pacific region’s average of 31%.&nbsp; The number of respondents in Hong Kong (16%) and Taiwan (19%) purchasing phone apps were also lower than the region’s average.</p> <p>New media is also a popular driver in China, demonstrating that the Chinese are social media savvy and understand how to leverage such platforms in their day-to-day lives. The survey found that half of the respondents with mobile internet access are likely to use a location-based social media application, such as Jiepang, on their phones to point them to deals and retail outlets nearby.</p> <p>For the full report in English, go to: <a href="http://www.masterintelligence.com/" target="_blank"><b>www.masterintelligence.com</b></a></p> <p></p> Mobile Internet Penetration Rates in Asia Pacific and Mobile Shopping Behaviour<table border="1" cellspacing="0" cellpadding="0" width="408"> <tbody><tr><th class="table-description"><b>Country</b></th> <th class="table-description"><b><i>Able to access the internet from mobile devices</i></b></th> <th class="table-description"><b><i>Made a purchase through mobile devices in the last three months</i></b></th> <th class="table-description"><b><i>Did not make a purchase but intend on making a purchase in the next six months</i></b></th> </tr><tr><td>Thailand</td> <td>95%</td> <td>59%</td> <td>15%</td> </tr><tr><td>China</td> <td>91%</td> <td>37%</td> <td>23%</td> </tr><tr><td>Vietnam</td> <td>82%</td> <td>32%</td> <td>24%</td> </tr><tr><td>India</td> <td>77%</td> <td>32%</td> <td>20%</td> </tr><tr><td>Indonesia</td> <td>89%</td> <td>29%</td> <td>20%</td> </tr><tr><td>Korea</td> <td>93%</td> <td>27%</td> <td>17%</td> </tr><tr><td>Malaysia</td> <td>85%</td> <td>25%</td> <td>19%</td> </tr><tr><td>Hong Kong</td> <td>86%</td> <td>25%</td> <td>18%</td> </tr><tr><td>Taiwan</td> <td>66%</td> <td>24%</td> <td>20%</td> </tr><tr><td>Singapore</td> <td>85%</td> <td>23%</td> <td>15%</td> </tr><tr><td>Japan</td> <td>91%</td> <td>20%</td> <td>6%</td> </tr><tr><td>Philippines</td> <td>75%</td> <td>11%</td> <td>22%</td> </tr><tr><td>New Zealand</td> <td>66%</td> <td>8%</td> <td>8%</td> </tr><tr><td>Australia</td> <td>71%</td> <td>7%</td> <td>5%</td> </tr></tbody></table> Top Three Categories of Items Purchased by Greater China Consumers, Compared With the Region's Average, Over Their Mobile Phones<table border="0" cellspacing="0" cellpadding="0" width="410"> <tbody><tr><th class="table-description"><br type="_moz"> </th> <th class="table-description"><b>China</b></th> <th class="table-description"><b>Hong Kong</b></th> <th class="table-description"><b>Taiwan</b></th> <th class="table-description"><b>Asia Pacific (Overall)</b></th> </tr><tr><td><b>First</b></td> <td>Clothing and accessories (33%)</td> <td>Cinema tickets (24%)</td> <td>Online coupons and deals (27%)</td> <td>Mobile phone applications (31%)</td> </tr><tr><td><b>Second</b></td> <td>Books, CDs and DVDs (26%)</td> <td>Online coupons and deals (22%)</td> <td>Restaurant and meal delivery services (23%)</td> <td>Music (24%)</td> </tr><tr><td><b>Third</b></td> <td>Online games (24%)</td> <td>Toys and gifts (19%)</td> <td>Clothing and accessories (20%)</td> <td>Online coupons and deals (17%)</td> </tr></tbody></table> MasterCard and its Suite of Research Properties Asia/Pacific, Middle East & Africa<p>The MasterCard Worldwide Index suite in Asia/Pacific, Middle East and Africa includes the long-running MasterCard Worldwide Index of Consumer Confidence, as well as the&nbsp;MasterCard Worldwide Index of Women’s Advancement, Online Shopping,&nbsp;Index of Financial Literacy, and the&nbsp;<a href="http://newsroom.mastercard.com/digital-press-kits/mastercard-global-destination-cities-index-2013/" target="_blank"><b>Index of Global Destination Cities</b></a>. In addition to the Indices, MasterCard’s research properties also include a range of consumer surveys including Ethical Spending&nbsp;and a series on&nbsp;Consumer Purchasing Priorities&nbsp;(covering&nbsp;Travel,&nbsp;Dining &amp; Entertainment, Education,&nbsp;Money Management,&nbsp;Luxury&nbsp;and General Shopping).</p> <p>MasterCard also regularly releases Insights reports providing analysis of business dynamics, financial policies and regulatory activities in the Asia/Pacific, Middle East and Africa region. Over 80 Insights reports have been produced since 2004.</p> <p>MasterCard has also released a series of four books on Asian consumer insights, authored by&nbsp;<a href="http://newsroom.mastercard.com/people/dyuwa/" target="_blank"><b>Dr. Yuwa Hedrick-Wong</b></a>, Global Economic Advisor for MasterCard Worldwide and published by John Wiley &amp; Sons.</p> <p></p> About Mastercard<p><a href="http://www.mastercard.com/index.html" target="_blank"><b>MasterCard</b></a> (NYSE: MA), <a href="http://www.mastercard.com/" target="_blank"><b>www.mastercard.com</b></a>,<b> </b>is a global payments and technology company. It operates the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard’s products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter <a href="https://twitter.com/#!/MasterCardNews" target="_blank"><b>@mastercardnews</b></a><b>, </b>join the conversation on <a href="http://newsroom.mastercard.com/blog/" target="_blank"><b>The Heart of Commerce Blog</b></a> and <a href="http://newsroom.mastercard.com/subscribe/" target="_blank"><b>subscribe</b></a> for the latest <a href="http://newsroom.mastercard.com/" target="_blank"><b>news</b></a>.</p> <p>For more information on the latest MasterCard activities and promotions, log on to the official MasterCard Weibo site at:&nbsp; <b><a href="http://weibo.com/mastercardchina" target="_blank">http://weibo.com/mastercardchina</a></b></p> <p></p> Contacts:<p>Huanyu Wu<br> MasterCard Worldwide<br> <a href="mailto:huanyu_wu@mastercard.com"><b>huanyu_wu@mastercard.com</b></a><br> (86-10) 8519 9304<br> <br> Tang Fei / Edward Guo<br> Weber Shandwick Worldwide<br> <a href="mailto:eguo@webershandwick.com"><b>eguo@webershandwick.com</b></a><i></i></p> The survey, which serves as a benchmark that measures consumers’ propensity to shop online, was conducted across 25 markets between 5 December 2011 and 6 February 2012. http://www1.mastercard.com/content/intelligence/en/research/press-release/2012/china-leads-the-way-in-mobile-shopping-across-greater-china2012-06-28T16:00:00.000Z2012-06-28T16:00:00.000ZTaipei Continues Ascent as One of APAC's Leading Tourist Cities: MasterCard Report Jonathan SeidmanThe Taiwan Capitol Also Led Greater China in Cross-Border Spending<p><b><i>Taiwan</i></b><b><i>, </i></b><b><i>14</i></b><b><i> </i></b><b><i>June</i></b><b><i> 2012</i></b> – Taipei continued its ascent among the Asia/Pacific cities listed as top global destinations in 2012, showing significant growth in the areas of both tourist numbers and cross-border spending, according to the MasterCard Global Destination Cities Index released on June 11<sup>th</sup>, 2012. With nearly half of the world’s top 20 cities by visitor arrivals and expenditure heralding from the APAC region, the Taiwan capitol's performance in this year's survey represents a noteworthy achievement.</p> <p>This is the second installment of the MasterCard research, which is used as a barometer for understanding the global economy and the dynamic flow of commerce across the world. The MasterCard Index of Global Destination Cities ranks cities in terms of the number of their total international visitor arrivals and the cross-border spending by these same visitors in the destination cities, and gives visitor and passenger growth forecasts for 2012. <i>This Index and the accompanying reports are not based on MasterCard volumes or transactional data.</i></p> <p>The Index results revealed that Asia/Pacific exhibited the strongest growth in visitor numbers and international spending among all the regions of the world. The top ten Asia/Pacific destinations recorded a 9.5% growth in visitor arrivals for 2012 and a 15.3% surge in cross-border spending. To view the Index as an interactive map, please click <a href="http://cities.masterintelligence.com/"><b>here</b></a>.</p> <p>In 2012, Taipei displayed the second highest growth rates in APAC for both visitor numbers (15.1%) along with cross-border spending (20.5%). Visitor numbers to Taipei in 2012 were anticipated to hit 5.4 million, ranking the city at number 8, ahead of Tokyo and Jakarta.&nbsp;</p> <p>The rise in visits also accompanied a sharp increase in international visitor spending, in which Taipei ranked fifth in APAC with an anticipated $10.5 billion, up from $8.7 billion in 2011, highlighting the city's considerable potential as a standout tourism hub in the region.</p> <p>The MasterCard report attributed the increases to the impact of rising tourist visits from mainland China. Taiwan in 2011 opened tourism to individual Mainland visitors from certain Chinese cities; Mainland visitors previously could only tour the island in strictly controlled travel groups.</p> <p>Taipei's Tourism Bureau has also worked to promote a wide range of local attractions to drive more tourism to the northern Taiwan city, such as lively dragon boat races in Dajia Riverside Park along with Taipei's numerous hot spring hotspots.&nbsp;</p> <p></p> Taipei Ranks no.1 in Greater China in International Visitor Spend<p>Taipei also dominated the Greater China region in terms of international visitor spending, coming in ahead of Hong Kong ($9.5 billion), Shanghai ($8.3 billion), and Beijing ($6.5 billion), respectively. That's despite those cities' significant advantages in terms of their high number of world-famous landmarks and attractions, such as the Forbidden City in China and the World Expo in Shanghai.</p> <p>“The results of the latest MasterCard Global Destinations Cities Index reveal that more travelers are selecting Taipei as their latest tourist destination,&quot; said Julie Yang, head of Taiwan, MasterCard Worldwide. &quot;This points to the city's strong appeal and competitiveness among other cities in Asia/Pacific, the most rapidly growing region in the world for tourism. With exceptional growth in both of these areas, Taipei is poised to receive global recognition as one of the world's leading cities.”&nbsp;</p> <p></p> Asia/Pacific Top 10 Destination Cities by International Visitor Spend (2012)<table border="1" cellspacing="0" cellpadding="0" width="409"> <tbody><tr><th class="table-description" rowspan="2"><b>Rank</b></th> <th class="table-description" rowspan="2"><b>Destination City</b></th> <th class="table-description" rowspan="2"><b>Market</b></th> <th class="table-description" colspan="3"><b>Visitor Spend</b> <b>(US$ Billion)<u></u></b></th> <th class="table-description" rowspan="2"><b>% Growth</b> <b>2011 &amp; 2012</b></th> <th class="table-description" rowspan="2"><b>2012 Visitors</b> <b>(Millions)*</b></th> </tr><tr><th class="table-description"><b>2010</b></th> <th class="table-description"><b>2011</b></th> <th class="table-description"><b>2012</b></th> </tr><tr><td><b>1</b></td> <td>Bangkok</td> <td>Thailand</td> <td>$11.1</td> <td>$16.6</td> <td>$19.3</td> <td>16.6%</td> <td>12.2</td> </tr><tr><td><b>2</b></td> <td>Singapore</td> <td>Singapore</td> <td>$9.0</td> <td>$11.3</td> <td>$12.7</td> <td>12.7%</td> <td>11.8</td> </tr><tr><td><b>3</b></td> <td>Sydney</td> <td>Australia</td> <td>$9.2</td> <td>$10.1</td> <td>$11.0</td> <td>9.7%</td> <td>2.5</td> </tr><tr><td><b>4</b></td> <td>Seoul</td> <td>South Korea</td> <td>$7.7</td> <td>$9.1</td> <td>$10.6</td> <td>16.2%</td> <td>8.0</td> </tr><tr><td><b>5</b></td> <td>Taipei</td> <td>Taiwan</td> <td>$6.1</td> <td>$8.7</td> <td>$10.5</td> <td>20.5%</td> <td>5.4</td> </tr><tr><td><b>6</b></td> <td>Tokyo</td> <td>Japan</td> <td>$10.2</td> <td>$8.0</td> <td>$9.9</td> <td>24.2%</td> <td>4.3</td> </tr><tr><td><b>7</b></td> <td>Hong Kong</td> <td>(SAR) China</td> <td>$7.3</td> <td>$8.6</td> <td>$9.5</td> <td>9.5%</td> <td>11.1</td> </tr><tr><td><b>8</b></td> <td>Shanghai</td> <td>China</td> <td>$5.6</td> <td>$7.3</td> <td>$8.3</td> <td>12.6%</td> <td>7.5</td> </tr><tr><td><b>9</b></td> <td>Beijing</td> <td>China</td> <td>$4.2</td> <td>$5.5</td> <td>$6.5</td> <td>19.2%</td> <td>6.2</td> </tr><tr><td><b>10</b></td> <td>Kuala Lumpur</td> <td>Malaysia</td> <td>$4.7</td> <td>$5.6</td> <td>$6.4</td> <td>13.7%</td> <td>8.1</td> </tr></tbody></table> <p>*Excludes passengers returning to arrival country and includes visitors on non-stop flights only</p> <p></p> Methodology<p>The MasterCard Worldwide Index of Global Destination Cities is compiled using international flight and flight capacity information purchased from OAG Global, a provider of international aviation data. Flight schedules are also used for calculating flight frequency between pairs of cities.&nbsp; Airlines also publish on a regular basis their historical load factor, and advance flight schedules, which are then used to estimate the actual outbound passenger departures, and for forecasting outbound passenger departures in the coming year.</p> <p>On any given flight there are visitors from the departure country, returning residents of the destination city after visiting the departure country, and a third group: non-residents connecting through the departure country to the destination city on their way to a second destination city. This group can be a low proportion of the passengers for typically non-hub cities, but very high for destination cities that are “hubs” such as Singapore, Amsterdam, and Frankfurt.</p> <p>On a country level, the UN Database of “Trade in Service” in the “Travel Component” provides estimates of how much each year residents spend abroad (air fare paid in home country not included).&nbsp; An algorithm is applied to this total outbound expenditure and estimated total number of outbound passengers to derive an estimate of average per outbound passenger’s expenditure overseas.&nbsp;</p> <p>A margin of error is also unavoidable in such estimates, as not all outbound trips are of equal length, and the cost of living varies a great between arrival cities such that even if each trip of equal length, expenditure per passenger between different arrival cities would still be very different.&nbsp;</p> <p>This margin of error is reduced significantly by imposing a minimum of expenditures in the algorithm, after a number of iterative testing (US$500 per trip for bordering arrival country and US$700 per trip for non-bordering arrival country).&nbsp;</p> <p>Please note, the city rankings from the 2011 MasterCard Index of Global Destination Cities are altered retrospectively as updates in data become available.</p> <p></p> About Dr Yuwa Hedrick-Wong, Ph.D., Global Economic Advisor, MasterCard Worldwide<p>Dr Yuwa Hedrick-Wong is a business strategist and economist with 25 years of experience gained in over thirty countries. He was appointed Global Economic Advisor to MasterCard Worldwide in 2009.&nbsp; Prior to this role, he was Economic Advisor to MasterCard in Asia/Pacific, a position he held since 2001. As economic advisor, he chairs a MasterCard Knowledge Panel of leading economists, policy analysts, academics and business strategists for regular exchange and knowledge sharing.&nbsp; In 2007 he was appointed Advisor at Southern Capital Group, a private equity fund; and in 2008 he was appointed to the Investment Council of ICICI, India’s largest private bank. &nbsp;&nbsp;</p> <p>Yuwa is also currently the HSBC Visiting Professor of International Business at the University of British Columbia, Vancouver, B.C. Canada, and is a frequent speaker at numerous international high-profile conferences. &nbsp;</p> <p></p> About MasterCard Worldwide<p><a href="http://www.mastercard.com/index.html" target="_blank"><b>MasterCard</b></a>&nbsp;(NYSE: MA),&nbsp;<a href="http://www.mastercard.com/" target="_blank"><b>www.mastercard.com</b></a>,<b>&nbsp;</b>is a technology company in the global payments industry. We operate&nbsp;the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard’s products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter <a href="https://twitter.com/#!/MasterCardNews" target="_blank"><b>@MasterCardNews</b></a><b>,&nbsp;</b>join the discussion on the&nbsp;<a href="http://newsroom.mastercard.com/blog/" target="_blank"><b>Cashless Conversations Blog</b></a>&nbsp;and&nbsp;<a href="http://newsroom.mastercard.com/subscribe/" target="_blank"><b>subscribe</b></a>&nbsp;for the latest <a href="http://newsroom.mastercard.com/" target="_blank"><b>news</b></a>.</p> Contacts:<p>Jonathan Seidman,<br> (886)2722-5799 Ext.124,<br> <a href="mailto:JSeidman1@webershandwick.com"><b>JSeidman1@webershandwick.com</b></a></p> This is the second installment of the MasterCard research, which is used as a barometer for understanding the global economy and the dynamic flow of commerce across the world.http://www1.mastercard.com/content/intelligence/en/research/press-release/2012/taipei-continues-ascent-as-one-of-apacs-leading-tourist-cities-mastercard-report2012-06-13T16:00:00.000Z2012-06-13T16:00:00.000ZSingapore Ranks First For Mobile Payment Readiness: MasterCard Study Joey Phua, Wendy Toh Young and affluent will drive early adoption Study identifies need for more industry partnership<p><b><i>Singapore – May 10 2012</i></b> – MasterCard Worldwide today unveiled the MasterCard Mobile Payments Readiness Index (MPRI), an analysis of 34 countries and their readiness to use three types of mobile payments: person to person, mobile web commerce and mobile contactless payments at the point of sale. The MPRI found that while no two markets are the same, consumer readiness is the critical success factor to drive mobile payments adoption around the globe.</p> <p>The MPRI identified Singapore, Canada, the United States, Kenya and South Korea as the most prepared markets. The Index indicates that while it’s early stages for mobile payments adoption, all markets globally – either highly scaled and integrated ones like the United Kingdom or compact and technology-driven ones like Singapore – are making progress towards reaching an inflection point where mobile devices account for an appreciable share of the payments mix.</p> <p>Singapore’s overall score of 45.6 (index average is 33.2) and first place in the MasterCard Mobile Payments Readiness Index can be attributed to its strengths in several areas: an efficient regulatory system, and advanced mobile phone infrastructure and financial services industry. However, consumers have not yet caught up with the infrastructure. Their willingness to adopt mobile payments and current frequency of use lags behind some less developed global economies.</p> <p>The Index also found that in some markets such as Australia, young affluent consumers between the ages of 18 and 34 years old are the most willing to engage in mobile payments as they recognize the value of using mobile payments instead of cash or payment cards. In Singapore, this demographic group is more inclined toward m-commerce where they use mobile phones to browse the Internet and make purchases but are less inclined to use their phones for remittance payments or at points-of-sale.</p> <p>In addition, findings of the MPRI reveal that partnerships among the key players in the mobile payments ecosystem are essential to accelerate the commercialization of mobile payments. Cooperation and collaboration among financial institutions, telcos, governments, technology providers and others can foster an environment that enables a market to reach critical mass.</p> <p>Ms Julienne Loh, vice president and country manager, Singapore, MasterCard Worldwide said, “In Singapore, the foundation is in place for mobile payments to take off. To drive consumer adoption,&nbsp; the benefits of mobile payments, such as speed, security and convenience, will need to be clearly demonstrated to consumers.”</p> <p>Other key findings include:</p> <ul> <li>Nine of the 10 markets with the highest consumer scores are in APMEA (Asia/Pacific, Middle East and Africa).</li> <li>Of the three mobile payment types, more consumers had engaged in m-commerce in 71 percent of the countries surveyed.</li> <li>In developing economies, consumers are typically drawn to mobile payments for access to the larger economy, both national and global, as well as to a regulated and secure economic infrastructure. Consumers in the developed world are drawn to the convenience of mobile phone payments.</li> </ul> <p>To download an executive summary of the MasterCard Mobile Payments Readiness Index, view an Interactive Global Map of the data or study the findings of the 34 countries that make up the Index, please visit <b><a href="http://mobilereadiness.mastercard.com/" target="_blank">http://mobilereadiness.mastercard.com</a>.&nbsp;</b></p> <p></p> Index Methodology<p>Research findings from the MasterCard Mobile Payments Readiness Index were compiled by MasterCard Global Insights between October 2011 and February 2012. The Index examined 34 global markets. Each market was ranked on a scale of 1 to 100 with scores derived from an algorithm comprised of over 50 quantitative and qualitative inputs including economic, demographic, telecommunications and payments industry data as well as proprietary consumer research. These inputs were then weighted and combined into six components including Environment, Financial Services, Regulations, Infrastructure, Consumer Readiness and Clusters and Partnerships. The six components were combined, yielding a single readiness score for each country.</p> <p></p> about mastercard<p><a href="http://www.mastercard.com/index.html" target="_blank"><b>MasterCard</b></a> (NYSE: MA), <a href="http://www.mastercard.com/" target="_blank"><b>www.mastercard.com</b></a>,<b> </b>is a global payments and technology company. It operates the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard’s products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter <a href="https://twitter.com/#!/MasterCardNews" target="_blank"><b>@MasterCardNews</b></a><b>, </b>join the discussion on the <a href="http://newsroom.mastercard.com/blog/" target="_blank"><b>Cashless Conversations Blog</b></a> and <a href="http://newsroom.mastercard.com/subscribe/" target="_blank"><b>subscribe</b></a> for the latest <a href="http://newsroom.mastercard.com/" target="_blank"><b>news</b></a>.</p> Contact<p>Joey Phua<br> Weber Shandwick<br> <a href="mailto:JPhua@webershandwick.com"><b>JPhua@webershandwick.com</b></a><br> +65 6825 8010<br> <br> Wendy Toh<br> Weber Shandwick<br> <a href="mailto:wtoh@webershandwick.com"><b>wtoh@webershandwick.com</b></a><br> +65 6825 8038</p> MasterCard Worldwide today unveiled the MasterCard Mobile Payments Readiness Index (MPRI), an analysis of 34 countries and their readiness to use three types of mobile payments: person to person, mobile web commerce and mobile contactless payments at the point of sale.http://www1.mastercard.com/content/intelligence/en/research/press-release/2012/singapore-ranks-first-for-mobile-payment-readiness2012-05-09T16:00:00.000Z2012-05-09T16:00:00.000ZBangkok Ranks 1st among Asia/Pacific Cities in MasterCard Global Destination Cities Index Krittiya Nontanakorn, Nirachcha RuenroengMasterCard Index Reveals 12.2 Million Visitors with Cross-Border Spending of US$19.3 Billion in Bangkok <p><i>TWEET: http://bit.ly/KaNZi0 #MasterCardAP #DestinationCities</i></p> <p><b><i>Singapore, 18 June 2012: </i></b>According to the <a href="http://masterintelligence-stage-web.xm-apac.com/content/intelligence/en/research/reports/2012/mastercard-global-destination-cities-index.html"><b>MasterCard Global Destination Cities Index</b></a> released today, Asia/Pacific cities continued their ascendance as global destinations in 2012, with nearly half of the world’s top 20 cities by visitor arrivals and expenditure heralding from the region. Bangkok will welcome more than 12.2 million visitors in 2012, with visitor cross-border spending of US$19.3 billion which represents a growth rate of 16.6%.</p> <p>This is the second installment of the MasterCard research, which is used as a barometer for understanding the global economy and the dynamic flow of commerce across the world. The MasterCard Index of Global Destination Cities ranks cities in terms of the number of their total international visitor arrivals and the cross-border spending by these same visitors in the destination cities, and gives visitor and passenger growth forecasts for 2012. <i>This Index and the accompanying reports are not based on MasterCard volumes or transactional data.</i></p> <p>The Index projects sustained growth among emerging market cities with the top ten Asia/Pacific destinations expecting a 9.5% growth in visitor arrivals for 2012 and a 15.3% surge in cross-border spending. In the Index’s top ten global cities, Bangkok ranks 3<sup>rd</sup> place, with a 6.5% growth in visitor arrivals for 2012 and a 16.6% growth in cross border spending, followed by Singapore<sup>[<a href="#1">1</a>]</sup> (4<sup>th</sup>), Hong Kong (6<sup>th</sup>) and Kuala Lumpur (10<sup>th</sup>). Bangkok is the number one destination city in Asia/Pacific, both in terms of number of visitor arrivals and cross-border spending, reflecting its strong and abiding appeal to tourists from the rest of the world. To view the Index as an interactive map, please click <b><a href="http://cities.masterintelligence.com/">here</a>.</b></p> <p>Cities in Asia/Pacific once again led the charge globally with eight of the top 20 cities by international arrivals, with Bangkok ranked third globally with projected visitors to top 12.2 million visitors this year. Singapore was in fourth rank with 11.8 million visitors, with Hong Kong sixth with 11.1 million visitors, and Kuala Lumpur ranked 10<sup>th</sup> with 8.1 million visitors expected.&nbsp;</p> <p>The region also ranked highly on visitor spending with Bangkok ranked third globally with US$19.3 billion expected to be spent by inbound passengers in 2012, a 16.6% jump from last year. Singapore leapt two places to fifth overall with US$12.7 billion, up 12.7% on last year. Seoul moved into the top ten with US$10.6 billion in cross-border spend, an increase of 16.2%, while Tokyo, still recovering from the triple disasters of 2011 moved up four places to 14<sup>th</sup>, is officially the world’s third-fastest growing market (24.2%) in terms of cross-border spending.</p> <p>In terms of growth in visitor numbers six out of the top 20 fastest growing cities in the Index were from Asia/Pacific with Tokyo second globally behind Rio de Janeiro (28.6%) with a 21.5% growth in visitor arrivals. Taipei and <a href="http://www.pricelessbeijing.com/" target="_blank"><b>Beijing</b></a> also featured in both the top ten growth cities by visitor arrivals and cross-border spending.</p> <p>“Asia’s destination cities continue their rise, expecting a significant upward trend in visitor arrivals and cross-border spend—most of them on the back of large double digit growth,” observed <a href="http://newsroom.mastercard.com/people/dyuwa/" target="_blank"><b>Dr. Yuwa Hedrick-Wong</b></a>, global economic advisor, MasterCard Worldwide.</p> <p><a href="http://www.mastercard.co.uk/priceless-cities/london/" target="_blank"><b>London</b></a> once again topped the world’s cities by visitor numbers with 16.9 million inbound passengers expected in 2012, ahead of Paris in second place with 16 million inbound passengers expected. &nbsp; &nbsp;</p> <p>London also ranked first on cross-border expenditure, ahead of New York in second place, with estimated expenditures in these cities for 2012 amounting to US$21.1 billion and US$19.4 billion respectively.</p> <p>While cities in Europe and the US still ranked highly in the MasterCard Global Destination Cities Index, Dr. Hedrick-Wong said that the number of emerging market cities featuring in the Index showed Asia’s growing role in the global economy.</p> <p>“The leading Asian cities are some of the most sought after destinations for visitors from all over the world, and the Index indicates that they will continue to thrive into 2012,” he said.</p> <p>“Another interesting trend that we observe is a rise in cashless payments with many international travelers opting to do electronic transactions rather than using cash. The trend is a response to an increasing demand for safe, simple and smart payments, and highlights the rising importance of cashless commerce for both business and leisure travel,” Dr. Hedrick-Wong concluded.</p> <p></p> <p></p> <p></p> <p><a name="1"></a>[1] <i>City rankings from the 2011 MasterCard Index of Global Destination Cities are altered retrospectively as updates in data become available.</i></p> <p></p> <p></p> <p></p> Asia/Pacific Top 10 Destination Cities by International Visitor Spend (2012)<table border="1" cellspacing="0" cellpadding="0" width="409"> <tbody><tr><th class="table-description" rowspan="2"><b>Rank</b></th> <th class="table-description" rowspan="2"><b>Destination City</b></th> <th class="table-description" rowspan="2"><b>Market</b></th> <th class="table-description" colspan="3"><b>Visitor Spend</b> <b>(US$ Billion)<u></u></b></th> <th class="table-description" rowspan="2"><b>% Growth</b> <b>2011 &amp; 2012</b></th> <th class="table-description" rowspan="2"><b>2012 Visitors</b> <b>(Millions)*</b></th> </tr><tr><th class="table-description"><b>2010</b></th> <th class="table-description"><b>2011</b></th> <th class="table-description"><b>2012</b></th> </tr><tr><td><b>1</b></td> <td>Bangkok</td> <td>Thailand</td> <td>$11.1</td> <td>$16.6</td> <td>$19.3</td> <td>16.6%</td> <td>12.2</td> </tr><tr><td><b>2</b></td> <td>Singapore</td> <td>Singapore</td> <td>$9.0</td> <td>$11.3</td> <td>$12.7</td> <td>12.7%</td> <td>11.8</td> </tr><tr><td><b>3</b></td> <td>Sydney</td> <td>Australia</td> <td>$9.2</td> <td>$10.1</td> <td>$11.0</td> <td>9.7%</td> <td>2.5</td> </tr><tr><td><b>4</b></td> <td>Seoul</td> <td>South Korea</td> <td>$7.7</td> <td>$9.1</td> <td>$10.6</td> <td>16.2%</td> <td>8.0</td> </tr><tr><td><b>5</b></td> <td>Taipei</td> <td>Taiwan</td> <td>$6.1</td> <td>$8.7</td> <td>$10.5</td> <td>20.5%</td> <td>5.4</td> </tr><tr><td><b>6</b></td> <td>Tokyo</td> <td>Japan</td> <td>$10.2</td> <td>$8.0</td> <td>$9.9</td> <td>24.2%</td> <td>4.3</td> </tr><tr><td><b>7</b></td> <td>Hong Kong</td> <td>(SAR) China</td> <td>$7.3</td> <td>$8.6</td> <td>$9.5</td> <td>9.5%</td> <td>11.1</td> </tr><tr><td><b>8</b></td> <td>Shanghai</td> <td>China</td> <td>$5.6</td> <td>$7.3</td> <td>$8.3</td> <td>12.6%</td> <td>7.5</td> </tr><tr><td><b>9</b></td> <td>Beijing</td> <td>China</td> <td>$4.2</td> <td>$5.5</td> <td>$6.5</td> <td>19.2%</td> <td>6.2</td> </tr><tr><td><b>10</b></td> <td>Kuala Lumpur</td> <td>Malaysia</td> <td>$4.7</td> <td>$5.6</td> <td>$6.4</td> <td>13.7%</td> <td>8.1</td> </tr></tbody></table> <p><i>*Excludes passengers returning to arrival country and includes visitors on non-stop flights only</i><i></i></p> <p></p> The World’s Top 10 Destination Cities by International Visitors (2012)<table border="0" cellspacing="0" cellpadding="0"> <tbody><tr><th class="table-description"><b>Destination City</b></th> <th class="table-description"><b>Visitor Numbers</b> <b>(Millions)</b></th> <th class="table-description"><b>Rank</b></th> </tr><tr><td>London</td> <td>16.9</td> <td>1</td> </tr><tr><td>Paris</td> <td>16.0</td> <td>2</td> </tr><tr><td>Bangkok</td> <td>12.2</td> <td>3</td> </tr><tr><td>Singapore</td> <td>11.8</td> <td>4</td> </tr><tr><td>Istanbul</td> <td>11.6</td> <td>5</td> </tr><tr><td>Hong Kong</td> <td>11.1</td> <td>6</td> </tr><tr><td>Madrid</td> <td>9.7</td> <td>7</td> </tr><tr><td>Dubai</td> <td>8.8</td> <td>8</td> </tr><tr><td>Frankfurt</td> <td>8.1</td> <td>9</td> </tr><tr><td>Kuala Lumpur</td> <td>8.1</td> <td>10</td> </tr></tbody></table> The World’s Top 20 Fastest Growing Destination Cities by Visitor Numbers<table border="0" cellspacing="0" cellpadding="0" width="405"> <tbody><tr><th class="table-description"><b>Destination City</b></th> <th class="table-description"><b>2012 Growth Rate</b></th> <th cl