2020. It was found that the purchase volume of the commercial cards issued by Visa amounted
to 2.76 trillion U.S. dollars in 2015.
Asia Pacific is expected to exhibit high growth over the forecast period. This is owing to growing
BSFI sector in the region. For instance, according to Coherent Market Insights, banks in the
emerging economies of Asia Pacific region are forecasted to maintain an asset growth of 13%
CAGR during the period 2014-2019, while GDP per capita is forecasted to exhibit a CAGR of 5.1%
during this period.
Global Commercial or Corporate Card: Competitive Landscape
Some of the key players operating in the global commercial or corporate card market include
AirPlus International, Amazon.com, Inc., American Express Company, Bank of America
Corporation, Union Pay, Citigroup Inc. , FleetCor Technologies Inc., JCB Co., Ltd, JPMorgan Chase
& Co., MasterCard, PayPal Holdings, Inc., U.S. Bank, Universal Air Travel Plan Inc., Visa Inc., and
WEX Inc.
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Global Commercial or Corporate Card Market: Taxonomy
On the basis of product type
o Purchase Cards
o Business Cards
o Travel and Entertainment Cards
o Others
On the basis of type
o Open-Loop cards
o Closed-Loop cards
On basis of application
o Small Business Card
o Corporate Card