Cross-Border Transactions

Cross-Border Transactions Strong for Mastercard — Weak for Visa in Q4

Mastercard’s cross-border transactions, on a currency adjusted basis (FX), soared in the fourth quarter (4Q/18) outpacing Visa by 380 basis points (bps) year-on-year (YOY). However, Mastercard’s growth rates are adjusted to eliminate the effects of differing switching days between periods. Sequentially, quarter-to-quarter, Mastercard jumped 180 bps, compared to Visa’s 300 bps decline, according to analysis…