Global Commercial Payment Cards Market: Executive Summary on Trends, Latest Developments, Growth Drivers & Risks, Favourite Brands, and Regional Leaders Overview (Includes Business Impact of COVID-19)

                                          
“Global Commercial Payment Cards Market by Card Type (Purchase Card, Business Card, Travel and Entertainment Card and Other Cards), By Application (Small Business Card and Large Business Card), and by Region – Global Forecast to 2028.”, which offers a holistic view of the global Commercial Payment Cards market through systematic segmentation that covers every aspect of the target market.
The global Commercial Payment Cards market is projected to be US$ 3,742.1 Mn in 2019 and is projected to reach US$ 7,353.4 Mn by 2028 at a CAGR of 7.7%.
A commercial card is a credit card allotted by companies for their employees to purchase on behalf of their organization. These cards are issued as co-branded cards with retailers; commercial cards assist businesses to manage their expenses by collecting all charges made by employees into a single place. Commercial cards are issued through a financial institution. This kind of partnership allows companies to earn rewards and discounts for purchases they were already going to make at the co-branded company. Commercial cards come in different variations; one is corporate credit card and small-business credit cards.
						
Commercial Payment Cards and solutions help large corporations, midsize companies, small businesses, and government entities. Card provider companies’ solution streamlines procurement and payment processes, manage information and expenses (such as travel and entertainment) and reduce administrative costs. There are different types of card offerings, including travel, small business debt, and credit card, purchasing, and other cards.
Global Commercial Payment Cards Market Revenue (US$ Mn), 2018–2028
Snowballing number of corporate card service providers in Europe is one of the major factors driving the growth of the commercial payment cards market in this region.
However, increased card frauds along with security breaches and identity theft are some significant risks which might hamper the target market in the future. Nonetheless, the increasing popularity of other payments solutions and digital commerce in the picture is expected to boost the market growth for many years.
Global Commercial Payment Cards market is segmented based on Card type, application, and region. Based on Card type, the market is segmented into Purchase Card, Business Card, Travel and Entertainment Cards and Other Cards. The Business Card segment accounts for the majority share and is expected to register the highest growth over the forecast period. Based on application, the market is segmented into Small Business Card and Large Business Card. The Large Business Card segment accounts for a majority share in the global Commercial Payment Cards market.
Global Commercial Payment Cards Market by Card Type, 2018

Based on the region, the market is segmented into North America, Europe, APAC, South Americ, and Middle East Africa. The APAC accounts for the majority share in the global Commercial Payment Cards market and is expected to register the highest growth rate over the forecast period.
The research report on the global Commercial Payment Cards market includes profiles of some of the major companies such as JPMorgan Chase & Co, Bank of America Corporation, Citigroup Inc., Wells Fargo & Company and Barclays PLC.
Key Market Segments:
Type

Purchase Card
Business Card
Travel and Entertainment Cards and Other Cards

Application

Small business card
Corporate card

Key Market Players included in the report:

JPMorgan Chase & Co
Bank of America Corporation
Citigroup Inc.
Wells Fargo & Company and Barclays PLC


Key Insights Covered: Global Commercial Payment Cards  Market

1.  North America, Europe, Asia Pacific, Middle East & Africa, Latin America market size (sales, revenue and growth rate) of Commercial Payment Cards  industry.
2. Global major manufacturers' operating situation (sales, revenue, growth rate and gross margin) of Commercial Payment Cards  industry.
3. Global major countries (United States, Canada, Germany, France, UK, Italy, Russia, Spain, China, Japan, Korea, India, Australia, New Zealand, Southeast Asia, Middle East, Africa, Mexico, Brazil, C. America, Chile, Peru, Colombia) market size (sales, revenue and growth rate) of Commercial Payment Cards  industry.
4. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of Commercial Payment Cards  industry.
5. Global market size (sales, revenue) forecast by regions and countries from 2019 to 2024 of Commercial Payment Cards  industry.

Research Methodology: Global Commercial Payment Cards  Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
Demand Side Primary Contributors: OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.
Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among others.