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Commercial/Corporate Card Market Outlook 2029: Presents Market Insights & Depth Analysis

09-11-2023 12:45 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Orion Market Research

Commercial/Corporate Card Market Outlook 2029: Presents

The global commercial/corporate card market is anticipated to grow at a considerable CAGR of 7.5% during the forecast period. A commercial card is a card issued by the company to an employee for purchases on the company's behalf. This card can be used to pay for travel expenses, equipment rentals, and office supplies. Commercial cards are offered in the form of corporate cards, small business cards, purchase cards, or travel and entertainment cards, among others. A corporate card is a card issued by a corporation to an employee which can also be used by a corporation for making a business purchase. It looks similar to the credit or debit card.

Hence, the significant increase in the card payments to buy goods and services is the major factor bolstering the growth of the market. According to the Reserve bank of India (RBI), debit card and credit card payments in India have grown at a considerable rate of 7.3% and 8.5% from 2017 to 2020, respectively. Further, the payments landscape across the globe is developing at a rapid pace with various innovative payment systems and instruments being introduced frequently. The growing launches of new products and benefits by key players in the market are anticipated to propel the demand for commercial/corporate cards. For instance, in April 2022, supply chain finance company KredX partnered with ICICI Bank to offer a commercial card for B2B payments. The ICICI Bank-KredX Commercial Card is a kind of cash-back card that allows businesses to collect instant financial rewards for B2B payments without any fees. Through this partnership, KredX expects to distribute as much as about $260 million in B2B vendor payments monthly.

To Request a Sample of our Report on Commercial/Corporate Card Market:  https://www.omrglobal.com/request-sample/commercial-corporate-card-market

Market Coverage

The market number available for - 2021-2029
Base year- 2021
Forecast period- 2023-2029

Segment Covered- 

By Product Type
By Card Type
By End-User

Regions Covered-

North America
Europe
Asia-Pacific
Rest of the World
Competitive Landscape- including AirPlus International Ltd., Amazon.com, Inc., American Express Co., Bank of America Corp., Citigroup, Inc., and JP Morgan Chase & Co. Inc., and others.

Commercial/Corporate Card Market Report Segment

By Product Type

Purchase Cards
Business Cards
Travel & Entertainment Cards
Gift Cards

By Card Type

Open-loop Cards
Closed-loop Cards

By End-User

Small & Mid-sized Enterprises
Large Enterprises

A full Report of Commercial/Corporate Card Market is Available @  https://www.omrglobal.com/industry-reports/commercial-corporate-card-market

Commercial/Corporate Card Market Report Segment by Region

North America                                                                                                           

United States
Canada

Europe

UK
Germany
Spain
France
Italy
Rest of Europe

Asia-Pacific

India
China
Japan
South Korea
Rest of APAC

Rest of the World

Latin America
Middle East and Africa

Company Profiles 

AirPlus International Ltd.
com, Inc.
American Express CompanyCo.
Bank of America Corp.
Bank of China Ltd.
Citigroup, Inc.
Corporate Spending Innovations Enterprises, Inc.
JP Morgan Chase & Co. Inc.
NGC US, LLC
S. Bancorp, Wex Inc.
Wells Fargo & Co.

Reasons to buy from us -

We cover more than 15 major industries, further segmented into more than 90 sectors.
More than 120 countries are for analysis.
Over 100+ paid data sources mined for investigation.
Our expert research analysts answer all your questions before and after purchasing your report.

For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/commercial-corporate-card-market

https://www.somosxbox.com.mx/noticias-urgente/el-mercado-de-motores-diesel-sera-testigo-de-una-solida-expansion-para-2029/108129/
https://perualdia.net/comercio-de-energia-y-gestion-de-riesgos-etrm-mercado-2023-factores-impulsores-pronostico-investigacion-2029/
https://ekz-crosstour.ch/news/fpd-fotomasken-marktausblick-2029-praesentiert-markteinblicke-und-detaillierte-analysen/115725/

Media Contact:

Company Name: Orion Market Research

Contact Person: Mr. Anurag Tiwari

Email: info@omrglobal.com

Contact no:  +91 7803040404

About Orion Market Research 
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

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