About Commercial Credit Cards
The commercial credit cards are widely used in the small-medium size and large size enterprises, where it is issued by employers to its employees for the purchase operations. These commercial credit cards have a partnership with the branded retailers which helps business manage their expenses issued through financial institutions.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Comdata (United States), BMO Harris Bank (United States), The American Express Company (United States), Barclays plc (United Kingdom), AirPlus International (Germany), JCB Co., Ltd (Japan), Mastercard Incorporated (United States) and Dynamics Inc. (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Commercial Credit Cards market by Type (Purchase Card, Corporate Card, Travel and Entertainment Card and Others), Application (Small-medium Size Enterprises and Large Size Enterprises) and Region.
On the basis of geography, the market of Commercial Credit Cards has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End User, the sub-segment i.e. Business Associates will boost the Commercial Credit Cards market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Use of Commercial Credit Cards in the Financial Institutions and Emerging Partnership of Commercial Credit Cards with Brand Retailers Offering the Rewards and Discounts
Market Growth Drivers:
Growing Small-medium Size Business Around the Globe and Increasing Number of BUsiness Operation and Expenses Need Special Payment Methods
Challenges:
Stringent Regulatory Guidelines Involved with the Commercial Credit Cards
Restraints:
Risk of Data Breach Associated with the Commercial Credit Cards and Higher Intrest Rates than Standards Cards in Commercial Credit Cards
Opportunities:
Technological Advancements in Financial Services for Extended Security and Safety of an Organisation's Operation
On 8th December 2019, MasterCard and Dynamics Inc. also announced a joint commercial initiative to drive innovation in the interactive payment card market. The collaboration enables MasterCard to offer exclusive Dynamics products to its issuers globally, providing consumers with added choice, flexibility, and security at the point of sale.
Key Target Audience
Commercial Credit Cards Manufacturers, Commercial Credit Cards International Traders, Research and Development Institutes, Regulatory Bodies, Potential Investors and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.