“But we are a momentum business, right? And so you can expect that a lot of the good momentum we've seen is going to continue in the balance of Europe.”

In context

“Christophe Le Caillec : So thank you, Mihir, for the question. So we're not going to get into trying to guide on billing going forward. But we are a momentum business, right? And so you can expect that a lot of the good momentum we've seen is going to continue in the balance of Europe. And the investments we're making, the increase in the investments we're making, the goal is to support that momentum. Now it's too -- it's not significant enough to kind of like move the needle in the balance of Europe. But we expect that momentum to continue. Bear in mind, though, that as we transfer those 2 small business portfolios, they're not very large. They're not contributing to earnings. But there was a lot of -- there were some billed business associated with those cards and that will put about a 1% headwind to those billing numbers. So you're going to see a little bit of a slowdown as a result of that. but expect or that's our expectation is that the momentum is going to keep going in the balance of the year.”