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Proprietary Report with Analysis on V+M Cross-Border Transactions.

Report Summary:

MasterCard’s cross-border transaction volume, on a currency adjusted basis (FX), exploded in the first quarter (1Q/16) outpacing Visa for the first time by 130 basis points (bps) year-on-year (YOY). Sequentially, quarter-to-quarter (QTQ), MasterCard scored a 540 bps gain, compared to Visa’s 100 bps gain YOY. Cross-border volume refers to payments and cash volume where the issuing country is different from the merchant country.

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