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Increasing focus by corporates to optimize working capital is one of the major factors driving growth of the commercial or corporate cards market. Moreover, stringent government regulations and rising demand for business cards globally is further boosting the market growth.
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COMMERCIAL OR CORPORATE CARD MARKET ANALYSIS • Commercial or Corporate Cards Market Report, By Product Type (Purchase Cards, Business Cards, Travel & Entertainment Cards, and Gift Cards), By Card Type (Open-loop cards and Closed-loop Cards), By End User (Small & Mid-sized Enterprises and Large Enterprises), and By Region - Size, Share, Outlook, and Opportunity Analysis, 2018 – 2026
Commercial or corporate cards are cards issued by enterprises for business use. Such cards include business cards, purchase cards, and travel & entertainment cards. Increasing acceptance of commercial or corporate cards in the payment facilitator model globally is aiding in growth of the global market. For instance, Visa and Mastercard permit service providers, acting as a payment facilitator, to accept card transactions on behalf of multiple smaller merchants. The B2B fintech platforms, in order to increase the acceptance of commercial or corporate cards, make use of a payment facilitator (in most cases, the payment facilitator is a bank). These payment facilitators are integrated with merchant acquisition capabilities. Merchant acquisition refers to the process by which a bank or financial institution processes card payments on behalf of the merchant.
Market Drivers: Increasing Focus by Corporates to Optimize Working Capital Companies that make use of commercial or corporate cards can make payments to suppliers instantly (as banks pay the amount on the company’s behalf), which in turn accredit working capital. This is made possible as the payments to purchasing and virtual card service providers can be deferred. The outstanding amount (amount related to the purchase value during the tenure of the billing cycle) to be paid to these card providers or banks by the companies can be extended and the suppliers will be able to get their payments on time. This happens due to the fact that as soon as the card is used for making payments, the concerned bank makes the payment to the supplier and the same is collected by the banks from the companies through their respective bill cycles.
Key features of the study: • This report provides in-depth analysis of commercial or corporate cards market, market size (US$ Mn), and compound annual growth rate (CAGR %) for the forecast period (2018– 2026), considering 2017 as the base year. • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market. • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by the leading players. • It profiles leading players in the global commercial or corporate cards market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, key developments, strategies, and future plans.
Companies covered as part of this study include AirPlus International Ltd., Amazon.com, Inc., American Express Company, Bank of America Corporation, Citigroup, Inc., JP Morgan Chase & Co. Inc., U.S. Bancorp, Wex Inc., Wells Fargo & Company, Corporate Spending Innovations Enterprises, Inc., NGC US, LLC, and Bank of China Limited. • Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future product launches, product upgrades, market expansion, and marketing tactics. • The global commercial or corporate cards market report caters to various stakeholders in this industry including investors, suppliers, manufacturers, distributors, new entrants, and financial analysts. • Stakeholders would have ease in decision making through various strategy matrices used in analyzing the global commercial or corporate cards market.
Detailed Segmentation: • Global Commercial or Corporate Cards Market, By Product Type: • Purchase Cards • Business Cards • Travel and Entertainment Cards • Gift Cards • Global Commercial or Corporate Cards Market, By Card Type: • Open-loop Cards • Closed-loop Cards • Global Commercial or Corporate Cards Market, By End User: • Small & Mid-sized Enterprises • Large Enterprises • Global Commercial or Corporate Cards Market, By Region: • North America • By Product Type: • Purchase Cards • Business Cards • Travel and Entertainment Cards • Gift Cards
By Card Type: • Open-loop Cards • Closed-loop Cards • By End User: • Small & Mid-sized Enterprises • Large Enterprises • By Country: • U.S. • Canada • Europe • By Product Type: • Purchase Cards • Business Cards • Travel and Entertainment Cards • Gift Cards • By Card Type: • Open-loop Cards • Closed-loop Cards • By End User: • Small & Mid-sized Enterprises • Large Enterprises • By Country: • Germany • U.K. • France • Italy • Spain • Poland • Rest of Europe • Asia Pacific • By Product Type: • Purchase Cards • Business Cards • Travel and Entertainment Cards • Gift Cards • By Card Type: • Open-loop Cards • Closed-loop Cards • By End User: • Small & Mid-sized Enterprises • Large Enterprises
By Country: • China • India • Japan • Australia • South Korea • ASEAN • Rest of Asia Pacific • Latin America, Middle East, and Africa (LAMEA) • By Product Type: • Purchase Cards • Business Cards • Travel and Entertainment Cards • Gift Cards • By Card Type: • Open-loop Cards • Closed-loop Cards • By End User: • Small & Mid-sized Enterprises • Large Enterprises • Africa • By Sub-region: • Latin America • Middle East
Company Profiles • AirPlus International Ltd. • Company Highlights • Key Developments • Product Portfolio • Market Presence • Marketing and Promotional Activities • Strategic Presence • Amazon.com, Inc. • Company Highlights • Key Developments • Product Portfolio • Market Presence • Marketing and Promotional Activities • Strategic Presence • American Express Company • Company Highlights • Key Developments • Product Portfolio • Market Presence • Bank of America Corporation • Company Highlights • Key Developments • Product Portfolio • Market Presence • Marketing and Promotional Activities • Strategic Presence • Citigroup, Inc. • Company Highlights • Key Developments • Product Portfolio • Market Presence • Marketing and Promotional Activities • Strategic Presence • JP Morgan Chase & Co. Inc. • Company Highlights • Key Developments • Product Portfolio • Market Presence • Marketing and Promotional Activities • Strategic Presence
U.S. Bancorp, Wex Inc. • Company Highlights • Key Developments • Product Portfolio • Market Presence • Marketing and Promotional Activities • Strategic Presence • Wells Fargo & Company • Company Highlights • Key Developments • Product Portfolio • Market Presence • Marketing and Promotional Activities • Strategic Presence • Corporate Spending Innovations Enterprises, Inc. • Company Highlights • Key Developments • Product Portfolio • Market Presence • Marketing and Promotional Activities • Strategic Presence • NGC US, LLC • Company Highlights • Key Developments • Product Portfolio • Market Presence • Marketing and Promotional Activities • Strategic Presence • Bank of China Limited • Company Highlights • Key Developments • Product Portfolio • Market Presence • Marketing and Promotional Activities • Strategic Presence
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