. This drop-off was predominantly driven by its non-US business, where its GDV increased 7.7% YoY in its most recent quarter compared with the 18% YoY surge it saw in the same quarter a year ago.President and CEO Ajay Banga noted in the company's earnings release that its acquisitions and partnerships are enabling it to address changing payment needs, and specifically mentioned"real-time account-to-account and cross-border payments.
And its partnership with P27 Nordic Payments Platform could further expand its noncard business and help it cash in on the potential of real-time payments. The collaboration will see Mastercard work with the platform to provide real-time and batch payments in Nordic markets and replace their current payments infrastructure.