EY Report October 2023 | Page 8

Modernizing cross-border payments

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Get in touch Cross-Border Services may be provided by Mastercard Transaction Services Corp . through its subsidiaries and affiliates . In some jurisdictions services may be provided by subsidiaries or affiliates that hold licenses to engage in money transmission . For a list of those jurisdictions , see crossborder . mastercard . com / licenses . Terms and conditions apply . Services are subject to availability and certain restrictions , and Mastercard reserves the right to change , from time to time , in Mastercard ’ s sole discretion , the design , operation and functionalities of , and services comprising , the Cross-Border Services . Alternate designs , operations and functionalities of , and services comprising , Cross-Border Services may be available , from time to time , to participants on separate terms outside of what is represented here . The availability , operations and functionalities of , and services comprising , Cross-Border Services may vary by location . Mastercard makes no representations as to any aspect of the service provided by third parties . Mastercard Cross-Border Services is a suite of products offered in the US by Mastercard Transaction Services ( US ) LLC u / a / n New York Bay Remittance , NMLS ID # 900705 , licensed as a Money Transmitter by the New York State Department of Financial Services , or through its licensed subsidiaries . Mastercard and the circles design are registered trademarks of Mastercard International Incorporated . © 2023 Mastercard . All rights reserved .