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Reaping Rewards From Revenge Travel: Payment Firms in Spotlight - Yahoo Finance

The cross-border business is one of the most important growth drivers of payments processing companies in the post-pandemic era. This is fueled by the travel and entertainment-related transactions, which were severely impacted by the pandemic. With declining restrictions after the pandemic, domestic and cross-border travel surged by a significant margin, signaling a robust recovery in the tourism and hospitality sectors. Revenge travel quickly gained popularity as people sought to make up for lost vacations and experiences, boosting cross-border payments of financial services providers like Visa Inc. V and Mastercard Incorporated MA.

Yahoo     Dec 01, 2023