In a consumer and small business report issued last month, Mastercard zeroed in on cross-border payment headaches affecting consumers in the U.S. and other international markets as they transact between countries.
The company’s survey research showed that consumers are grappling with inflation, searching for economic security and planning to execute cross-border payments more frequently, according to the report. Meanwhile, small and mid-sized businesses are navigating poor payment experiences with international suppliers and bracing for cross-border payment fraud.
