“Well, I think the short answer is we fully expect to get back to pre-COVID trend levels, meaning whatever the trend line was, we will get back to that trend line.”

In context

“e sharp improvements. And there may be occasional periods where if there is another variant, there may be some flattening out just as we saw in January. But the bottom line is it is very clear that when borders are open, things will move very fast to normalize. Operator: Our next question comes from Ken Suchoski from Autonomous Research. Your line is open. Ken Suchoski: I wanted to follow up on the cross-border business. I mean some really solid results there. And I'm just curious to get your thoughts. Can you talk about whether this business gets back to pre-COVID trend growth? Or do you expect the cross-border business to get back to pre-COVID trend levels? Meaning does cross-border revenue and volume eventually catch up to where it would have been had COVID not happened? Vasant Prabhu: Well, I think the short answer is we fully expect to get back to pre-COVID trend levels, meaning whatever the trend line was, we will get back to that trend line. And at least initially, the mix will be a little different because the part of the business that is growing well above trend is the cross-border business that right now is below trend -- below the trend line is the travel business. The e-commerce business cross-border is clearly one that we think can sustain above trend growth rates relative to pre-COVID. And if the travel business returns only to the pre-COVID growth rates, which we see no reason why it wouldn't, so let's assume it grows above pre-COVID growth rates gets to the trend line and then begins to grow at pre-COVID trend rates. We see no reason why that isn't the case. There is a possibility because of the e-commerce business that the cross-border business in total can grow faster than pre-COVID growth rates after it gets back”