Christy Publications Commercial-or-Corporate-Card-Market | Seite 2

Commercial or corporate cards help corporates to manage cash and vendors more effectively
through detailed reporting on purchases through a wide range of billing and payment options
for commercial card activity. The cost of commercial card usage is typically borne by corporates
accepting commercial card payments. For instance, according to National Automated Clearing
House Association’s (NACHA) analysis in 2015, issuers such as corporations, investment trusts,
or foreign governments earned over US$ 7 to US$ 8 billion in interchange revenue by processing
US$ 428 billion of commercial card payments, out of which around 80% of interchange revenue
from foreign government is shared back with corporates using commercial cards.
Moreover, growing popularity of these among consumers, as it allows short-term loan instantly,
which is the major factor for consumers to choose corporate card over cash. Corporate card
companies offer incentives to card holders, such as points and rewards that could be redeemed
in the form of airline tickets or products. These factors boosts corporate card transaction in the
corporate or commercial card market.
Online Banking Application is one of the Major Restraints Hindering Growth of Commercial or
Corporate Card Market
Rising online banking applications lowers commercial card popularity as it is convenient to make
payments and track balance using mobile applications. For instance, in India Unified Payment
Interface (UPI) has grabbed major market share. According to Reserve Bank of India data,
transactions via UPI reached half the value of debit and credit cards swiped at stores in India till
March 2018.
Browse Complete Report @
https://www.coherentmarketinsights.com/ongoing-insight/commercial-or-corporate-card-market-2091
Global Commercial or Corporate Card: Regional Insights
On the basis of region, the global corporate or commercial card market is segmented into North
America, Europe, Latin America, Asia Pacific, Middle East, and Africa.
North America was the dominant region in commercial or corporate card market in 2017 and is
expected to remain as the leading region throughout the forecast period. This is owing to
growing customer base for credit cards and large number of commercial businesses in the
region. According to coherent Market Insights, the purchase volume of commercial cards issued
by selected credit card companies in the United States in 2015 and a projection therefore for