MasterCard Inc has announced that its first-quarter profit climbed up 24%, beating analyst prospects and confirming that customers are spending again.

The world's second-biggest credit card company made $455 million, or $3.46 per share, as against $367 million, or $2.80 a share, in 2009.

Analysts approximately had projected MasterCard to have net income of $3.14 per share.

MasterCard attributed its bettered outcomes to augmented user expending, advanced cross-border volumes, and a pricing growth.

MasterCard registered net revenue of $1.3 billion, up from $1.2 billion in 2009.

Analysts on average had anticipated revenue of $1.27 billion.

The company provided the latest cues that clients are coming out from the economic slump, almost a week after larger competitor Visa Inc announced higher-than-projected payments volume.

MasterCard's gross dollar volume growth rate bounced back to 8.3% globally on a local currency basis, up from 0.2% during the year-ago quarter.

MasterCard and Visa do not lend in any way and have not suffered from credit losses affecting banking institutions during the last two years. But they process transactions made on credit and debit cards, so their revenue development was affected by the decrease in consumer expenditure in the depression period. (With Inputs from Agencies)