Visa and Mastercard have announced their calendar Q2 25 results, with both continuing to highlight cross-border as a major driver to their businesses.

Standard Chartered has published its Q2 25 earnings, which saw growth in both the company’s overall and cross-border CIB income, despite headwinds.

PayPal’s Q2 2025 earnings saw the company shift cross-border focus with the launch of PayPal World and expanded stablecoin offerings.

Western Union spoke about its stablecoin strategy in its Q2 25 earnings, in which difficult macro conditions saw the company’s revenue fall by -4% to $1.03bn.

Recently a flurry of fintechs – several of them in cross-border payments – have applied for licences that would allow them to operate as a bank in the US.

Citi has announced its Q2 25 results, in which the bank saw overall revenue rise 8%, while cross-border transaction value grew slightly faster at 9%.

Our data shows that cross-border payment costs can vary significantly for cards depending on both the location and the card in question.

Average transaction data suggests that UPI is seeing its use case evolving – and that it may be taking over from cash for many people.

More and more financial institutions are joining China’s Cross-border Interbank Payment System – we’ve taken a closer look at the system’s growth over time.