Travel spend, which enjoyed a post-pandemic boost in 2021 and 2022, is showing signs of more normalized growth with a growth rate of 12% year-over-year.

May 4, 2023 / CFO / receipt, needs a key / Andy Christensen, CFO | earnings call 2023-05-04 | transcript 775da0eb-77b1-437b-bd75-e026b9990f1c | chars 13091-13243 | segment 12

When compared to 2019, however, it is clear that we are still being affected by an uneven recovery with lingering challenges across travel, and in some cases, retail and restaurant.

Aug 3, 2021 / CFO / receipt, needs a key / Andy Christensen, CFO | earnings call 2021-08-03 | transcript fe59ad83-287c-4593-93ab-e019342b5b08 | chars 9873-10054 | segment 9

These strong results came despite the ongoing challenging environment in the UK due to strict COVID-19 lockdowns and continued limitations in travel.

May 4, 2021 / CFO / receipt, needs a key / Andy Christensen, CFO | earnings call 2021-05-04 | transcript 3d350090-f2ee-445f-91d8-ff8c1663b708 | chars 8387-8536 | segment 8