The passage shifted from reporting cross-border volume growth (17%/16%) to reporting payments volume growth (11%/10%), making comparison to the stated reason's cross-border metrics unclear in this disclosure.
The report says this changed. It does not say whether that is good or bad, so neither do we.
before · risk factors · 2026-03-31 → 2026-06-30
“growth in nominal cross-border volume of 17% and 16%, respectively, excluding transactions within Europe”
→ after