Commercial Payment Cards Market Definition
Commercial payment cards are the debit or credit cards that are given by businesses to their employees so that the workers can buy supplies on their employer’s behalf. There are different types of commercial payment cards are present. These cards are frequently issued as co-branded cards with retailers, commercial cards help businesses manage their expenses by collecting all charges made by employees into a single place.
The market study is broken down by Type (Commercial Credit Cards, Commercial Debit Cards and Others), by Application (Travel & Entertainment, B2B Payments and Others) and major geographies with country level splits.
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain competitive advantage through combined collaborations. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Commercial Payment Cards market throughout the predicted period.
AirPlus International Ltd. (Germany), Amazon.com, Inc. (United States), American Express Company (United States), Bank of America Corporation (United States), Citigroup, Inc. (United States), JPMorgan Chase & Co. Inc. (United States), U.S. Bancorp (United States), Wex Inc. (United States), Wells Fargo & Company (United States) and Corporate Spending Innovations Enterprises, Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Bank of China Limited (China) and NGC US, LLC (United States).
AdvanceMarketAnalytics has segmented the market of Global Commercial Payment Cards market by Type, Application and Region.
On the basis of geography, the market of Commercial Payment Cards has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Enterprise, the sub-segment i.e. Small and Medium Size Enterprises will boost the Commercial Payment Cards market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increasing business travel spending
- Rising trend of digitalization
- Higher Credit Limits of the Payment Cards
- Growing demand from emerging economies
- Favourable Rules and Regulations by the Providers
- Miss Use of Commercial Payment Cards
- Regulatory changes by the various governments
- Fluctuations in the world economy
Key Target AudienceCommercial Payment Cards Providers, Research Professionals, Emerging Companies, Government Body & Associations and End user
About ApproachThe research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Customization available in this Study:The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be informed prior purchase