Cross-border transaction volume for Visa and MasterCard continued to slide in the fourth quarter (4Q/15).
Visa’s cross-border currency adjusted (FX) gross dollar volume (GDV) increased 4.0% YOY, while MasterCard rose 12.3% YOY for FX GDV in the fourth quarter.
Cross-border volume refers to payments and cash volume where the issuing country is different from the merchant country.
Visa reported its FX cross-border GDV rose 4.0% in 4Q/15, compared to 5.0% in 3Q/15 and 8.0% YOY in 4Q/14.
MasterCard reported its FX cross-border GDV rose 12.3% in 4Q/15, compared to 15.7% in 3Q/15 and 18.5% YOY in 4Q/14.
CROSS-BORDER VOLUME (YOY FX)
Source: Visa; MasterCard
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