Commercial or Corporate Card Market - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028

Commercial or Corporate Card Market - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028

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 (2022-2028), considering 2021 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
By Sub-region:
Latin America
Middle East
Africa
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
Marketing and Promotional Activities
Strategic 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