How Have Cross-Border Payments Changed? | Stephen Grainger | Mastercard

Stephen Grainger, Executive Vice President of New Payment Platforms at Mastercard talks with Douglas Mackenzie, as Doug as the question: How Have Cross-Border Payments Changed? With the emergence of domestic real-time payments, Stephen explains that consumers have been impacted directly and their perceptions & expectations on what should occur when moving money have changed as they become more accustomed to a real-time environment. However, due to the increased friction involved in cross-border payments. Stephen highlights that there is more work that needs to be done before international real-time payments become the standard. Watch the full video to find out more about how cross-border payments have changed in recent years.