Cross-border expansion insights of Visa and Mastercard in Q3 2024
In the dynamic world of payments, Visa and Mastercard continue to dominate, with their cross-border card payment businesses performing exceptionally well. A recent report delves into the numbers, highlighting growth in cross-border transactions and B2B2X value-added services for both companies.
The second quarter of 2025 saw a significant surge in cross-border volume for Visa, growing by 12% year-over-year, while Mastercard's cross-border transaction volume expanded by 15%. This growth, reflecting a strong recovery in both travel and non-travel cross-border spending, underscores the resilience of global consumer spending amid ongoing tariffs, geopolitical risks, and macroeconomic uncertainties.
Beyond cross-border transactions, both networks are expanding their B2B2X offerings. Mastercard reported a 23% increase in value-added services revenue, which includes fintech solutions and services like Mastercard Move. Visa, too, is diversifying into high-margin ancillary offerings such as fraud prevention and data analytics, key parts of their B2B2X strategy.
Contactless transactions are also driving growth for Mastercard, with 75% of in-person purchases now contactless. This technology adoption benefits both consumer and business payments.
Both Visa and Mastercard are innovating with stablecoins and crypto payment initiatives, positioning their B2B2X platforms for a less card-centric future digital payments environment.
The report offers insights into trends and strategies in the cross-border payments industry. It includes an analysis of global credit and debit card use trends, providing a comprehensive overview of the performance of both Visa and Mastercard in cross-border payments and beyond.
The success of Visa and Mastercard is not limited to cross-border payments. Both companies have substantial B2B2X offerings, selling network capabilities to various organisations. Visa Direct and Mastercard Move are prime examples of these offerings, designed to smooth revenue despite volume swings and meet the demands of enterprise clients and fintechs in a more competitive payments ecosystem.
The report also provides industry-leading newsletters on cross-border payments, keeping readers informed about the latest trends and developments in the industry. As Visa and Mastercard continue to innovate and grow, these newsletters offer valuable insights for anyone interested in the future of payments.
The report showcases a 12% year-over-year growth in Visa's cross-border volume and a 15% expansion in Mastercard's cross-border transaction volume, indicating a robust growth in the finance sector within the business domain of cross-border payments. Additionally, both companies are diversifying their businesses by expanding their B2B2X offerings, such as fintech solutions and fraud prevention services, which signify their ventures into other sectors of the industry.
