Mastercard has offered Cross-Border Services, a money transfer product that financial institutions use to offer international payment services to consumers and businesses, since 2016. Subsequent acquisitions of Transfast (2019) and HomeSend (2021) boosted capabilities and reach to include more than 60 currencies in over 100 markets. Through a combination of its network and the networks of partners, it can move funds to 90% of the world’s population. Payments from Cross-Border Services can be delivered to bank accounts, card accounts, mobile wallets and locations where payouts can be picked ...