Opportunity Forecast for Commercial Cards in Major Markets Around the Globe
Mercator Advisory Group reports that commercial card spending by mid-to-large corporations in major markets outside of the U.S. continues to grow at healthy levels.
MAYNARD, Mass. (PRWEB) April 25, 2018
The world continues to move in the direction of electronic payments, and this movement represents ongoing opportunity for card schemes across the globe. Companies operating in both developed and developing economies seek more efficiencies and value from business-to-business (B2B) invoiced payments, which card schemes can provide through credit facilities, potential revenue share, and “risk-minimized” virtual card accounts. The major regional commercial credit card markets outside North America continue to grow, although the pace varies depending on location and product.
In a new research report, International Commercial Card Markets Outlook: 2016-2021, Mercator Advisory Group examines the commercial card markets in the Western Europe, Asia-Pacific, and Latin America and Caribbean (LAC) regions with respect to specific market trends, key concerns, and spending volume growth through 2021.
“In these markets spending growth has historically been underpinned by corporate cards (mostly travel and entertainment, T&E), which in turn partially relates to economic growth and business budgets,” commented Steve Murphy, Director of Mercator Advisory Group’s Commercial and Enterprise Payments Advisory Service, author of the report. “However, the B2B market now has the fastest growth rates through virtual card numbers, also known as single-use accounts. Headwinds remain in the form of regulations as well as longer-term potential threats from new payment schemes, but the general outlook for commercial cards is strong through the next four years.”
Highlights of the report include:
- Detailed reviews of the possible regulatory impacts from various legislative initiatives, both in effect and follow-on, particularly the European Union’s revised Payment Service Directive (PSD2) and Interchange Fee Reform (IFR) and Australian rate caps
- Analysis and forecasts for key Asia-Pacific markets (including ASEAN) regarding trends and growth potential for commercial cards
- New Mercator coverage detail on LAC, including market discussions of Brazil and Mexico
- Market spending forecasts by commercial card product type through 2021 for all major markets covered in the report
- A dashboard on product and network share by region
The document is 21 pages long and contains 8 exhibits.
Companies mentioned in this report include: American Express, Apptivo, Certify, China UnionPay, Concur, Conferma, Diners Club, Early Warning Services, E-Global, Fraedom, HSBC, Invapay, iPara, JCB, Mastercard, Optal, PROSA, Visa, Zazoo, and Zoho.
Members of Mercator Advisory Group's Commercial and Enterprise Payments Advisory Service and Global Payments Advisory Service have access to this report as well as upcoming research for the year ahead, presentations, analyst access, and other membership benefits.
Please visit us online at http://www.mercatoradvisorygroup.com.
For more information and media inquiries, please call Mercator Advisory Group's main line: 1-781-419-1700, send email to media@mercatoradvisorygroup.com.
Follow us on Twitter @ http://twitter.com/MercatorAdvisor.
About Mercator Advisory Group
Mercator Advisory Group is the leading independent research and advisory services firm exclusively focused on the payments and banking industries. We deliver pragmatic and timely research and advice designed to help our clients uncover the most lucrative opportunities to maximize revenue growth and contain costs. Our clients range from the world's largest payment issuers, acquirers, processors, merchants and associations to leading technology providers and investors. Mercator Advisory Group is also the publisher of the online payments and banking news and information portal PaymentsJournal.com.
For the original version on PRWeb visit: http://www.prweb.com/releases/2018/04/prweb15439676.htm
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