Visa and Mastercard delivered solid FY2025 results. However, the cross-border growth is slowing – for the third consecutive year.

Visa and Mastercard delivered another strong year, with GDV up 7–9% and net revenue growing even faster (12–16%), increasingly driven by value-added services like tokenization. Cross-border volumes experienced a 3rd consecutive year of growth deceleration for both companies, declining from 15% to 12% for Visa and 18% to 15% for Mastercard. In their annual card […]