Commercial or Corporate Cards Market Report, By Product Type (Purchase Cards, Business Cards, Travel & Entertainment Cards, and Gift Cards), By Card Type (Open-loop cards and Closed-loop Cards), By End User (Small & Mid-sized Enterprises and Large Enterprises), and By Region - Size, Share, Outlook, and Opportunity Analysis, 2018 – 2026

  • Published On : Feb 2019 |
  • Pages : 198 Pages |
  • Format : CMI Insight PPT Format CMI Insight PDF Format

Global Commercial or Corporate Cards Market - Insights

Global commercial or corporate cards market generated revenue of US$ 26.3 billion in 2017. By 2026, the commercial or corporate cards market is expected to be valued at US$ 49.3 billion with a CAGR of 7.3% over the forecast period. India is expected to exhibit a significant growth rate over the forecast period, followed by France. This growth is attributed to increasing electronic money transactions in the country. According to the Reserve Bank of India, in September 2017, for the first time, the monthly figure of electronic money transactions in India exceeded US$ 10.57 Bn, which was US$ 5.72 Bn in September 2016. According to Coherent Market Insights’ analysis, the card transactions in India grew around 84% in one year since 2016.

Purchase cards segment held dominant position in market in 2018

Among product type, the purchase cards segment held dominant position in the commercial or corporate cards market in 2018 and is projected to retain its dominance throughout the forecast period. Purchase cards are also called as p-cards. Purchase card is a special type of bankcard that uses existing card system and processes, in order to enable companies to make electronic business-to-business payments for goods and services procured. Purchase cards are majorly preferred by upcoming and emerging organizations, who are seeking to reduce payment fees and costs of sending payments. Several benefits offered by banks and major card companies in order to attract more customers is fueling growth of the purchase card segment. For instance, American Express offers free travel insurance including access to worldwide emergency and medical service, for travelers who procured their airline tickets through p-card transactions. Furthermore, the Ink Business Unlimited card from Chase Bank offers a cashback bonus for companies who invest over US$ 3,000 on purchase in the first three months of opening the card.

Figure. Global Commercial or Corporate Cards Market Share (%), by Region, 2017

 

North America held dominant position in the commercial or corporate cards market in 2017

North America held dominant position in the market in 2017 and is expected to retain its dominance throughout the forecast period. Rising trend of digitalization and the region being early adopter of novel technologies are major factors aiding in growth of the market in this region. High adoption of commercial cards by various buyers and suppliers has become a major trend in the market in this region, as buyers are shifting from physical checks to electronic payment options. Moreover, electronically generated virtual card numbers are being increasingly adopted as a highly effective purchasing tool by various organizations in the U.S. According to the National Automated Clearinghouse Association, in the U.S., business-to-business electronic payment transactions witnessed an increase of 5.6% from 2016 to 2017.

Asia Pacific commercial or corporate cards market is expected to witness considerable growth during the forecast period. Increasing business travel spending in Asia Pacific region is a major factor driving growth of the commercial or corporate cards market. According to Coherent Market Insights’ analysis, the spending on business trips in Asia Pacific region is expected to reach US$ 900 Bn by 2026, which was US$ 494 Bn in 2015. Moreover, Asia Pacific accounted for 40% of the global business travel spending in 2015, according to Coherent Market Insights’ analysis. China is one of the major countries that holds largest share in business travel spending in Asia Pacific. According to Coherent Market Insights’ analysis, China accounts for a share of 59% of the total Asia Pacific business travel spending. This increasing business travel spending increases demand for travel cards, which is expected to accelerate growth of the market in Asia Pacific region.

Global Commercial or Corporate Cards Market: Key Players

Major players operating in the global commercial or corporate cards market 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.

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 (2018– 2026), considering 2017 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

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Product Type
      • Market Snippet, By Card Type
      • Market Snippet, By End User
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Mergers and Acquisition
    • Key Trends
    • New Product Approvals
    • Porter’s Five Forces Analysis
    • PEST Analysis
  4. Market Share Analysis, 2017
    • Global Market Share Analysis, 2017
      • U.S.
      • Canada
      • Germany
      • France
      • Italy
      • Netherlands
      • U.K.
      • China
      • India
      • Japan
      • Australia
      • Singapore
  5. Global Commercial or Corporate Cards Market, By Product Type, 2018-2026 (US$ Bn)
    • Introduction
    • Segment Trends
      • Purchase Card
        • Introduction
        • Market Size and Forecast, 2018-2026 (US$ Bn)
      • Business Card
        • Introduction
        • Market Size and Forecast, 2018-2026 (US$ Bn)
      • Travel & Entertainment Card
        • Introduction
        • Market Size and Forecast, 2018-2026 (US$ Bn)
      • Gift Card
        • Introduction
        • Market Size and Forecast, 2018-2026 (US$ Bn)
  6. Global Commercial or Corporate Cards Market, By Card Type, 2018-2026  (US$ Bn)
    • Introduction
    • Segment Trends
      • Open-loop Card
        • Introduction
        • Market Size and Forecast, 2018–2026, (US$ Bn)
      • Closed-loop Card
        • Introduction
        • Market Size and Forecast, 2018–2026, (US$ Bn)
  7. Global Commercial or Corporate Cards Market, By End User, 2018-2026  (US$ Bn)
    • Introduction
    • Segment Trends
      • Small & Mid-sized Enterprises (SMEs)
        • Introduction
        • Market Size and Forecast, 2018–2026, (US$ Bn)
      • Large Enterprises
        • Introduction
        • Market Size and Forecast, 2018–2026, (US$ Bn)
  8. Global Commercial or Corporate Cards Market, By Region, 2018-2026 (US$ Bn)
    • Introduction
    • Market Share Analysis, By Region, 2017 and 2026 (%)
    • North America
      • Introduction
      • Regional Trends
      • Market Size and Forecast, By Product Type, 2018–2026 (US$ Bn)
      • Market Size and Forecast, By Card Type, 2018–2026 (US$ Bn)
      • Market Size and Forecast, By End User, 2018–2026 (US$ Bn)
      • Market Share Analysis, By Country, 2017–2026 (%)
        • U.S.
        • Canada
    • Europe
      • Introduction
      • Regional Trends
      • Market Size and Forecast, By Product Type, 2018–2026 (US$ Bn)
      • Market Size and Forecast, By Card Type, 2018–2026 (US$ Bn)
      • Market Size and Forecast, By End User, 2018–2026 (US$ Bn)
      • Market Share Analysis, By Country, 2017 and 2026 (%)
        • U.K.
        • France
        • Germany
        • Spain
        • Poland
        • Italy
        • Rest of Europe
    • Asia Pacific
      • Introduction
      • Regional Trends
      • Market Size and Forecast, By Product Type, 2018–2026 (US$ Bn)
      • Market Size and Forecast, By Card Type, 2018–2026 (US$ Bn)
      • Market Size and Forecast, By End User, 2018–2026 (US$ Bn)
      • Market Share Analysis, By Country, 2017 and 2026 (%)
        • China
        • Japan
        • South Korea
        • India
        • Australia
        • ASEAN
        • Rest of Asia Pacific
    • Latin America, Middle East, and Africa (LAMEA)
      • Introduction
      • Regional Trends
      • Market Size and Forecast, By Product Type, 2018–2026 (US$ Bn)
      • Market Size and Forecast, By Card Type, 2018–2026 (US$ Bn)
      • Market Size and Forecast, By End User, 2018–2026 (US$ Bn)
      • Market Share Analysis, By Sub-region, 2017 and 2026 (%)
        • Latin America
        • Middle East
        • Africa
  9. Competitive Landscape
    • Company Profiles
      • AirPlus International Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Amazon.com, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • American Express Company
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Bank of America Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Citigroup, Inc.
        • Company Overview
        • Product Portfolio
        • Key Strategies
        • Recent Developments/Updates
      • JP Morgan Chase & Co. Inc.
        • Company Overview
        • Product Portfolio
        • Key Strategies
        • Recent Developments/Updates
      • U.S. Bancorp
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Wex Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Wells Fargo & Company
        • Company Overview
        • Product Portfolio
        • Key Strategies
        • Recent Developments/Updates
      • Corporate Spending Innovations Enterprises, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • NGC US, LLC
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Bank of China Limited
        • Company Overview
        • Product Portfolio
        • Key Strategies
        • Recent Developments/Updates
    • Analyst Views
  10. Section
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse 60 market data tables and 40 figures on "Commercial or Corporate Cards Market - Global forecast to 2026”.

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.


Smiley face

Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.

Smiley face

Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization:

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

Choose License Type

"How Can I Help You" ?

Finding it difficult to find the research that would cater to your business demands? Give us a chance to help you. One of our Research Consultants will connect to provide a customized solution.

[email protected]

Key Benefits

  • Custom Research Solution

    Talk to our research consultant to design an exclusive report as per your research needs.

  • Customer Fulfilment

    We aim to fulfil client's research demands with tailored research solutions.

  • Quick Turnaround Time Reports

    We aim to provide research studies in quickest turnaround time and in a much cost effective manner.

  • 360-degree Approach

    We cover each industry from supply and demand side with an aim to provide a most holistic research study.

  • Assured Quality

    We strive to provide most accurate and reliable research findings in our research reports.