Published on : Oct 05, 2018
Albany, New York, October 5, 2018: Advances in electronic payment as well as need for efficient B2B invoiced payments for better resource management and expenditure monitoring are expected to ingrain new growth avenues in commercial/corporate card market. A new research report titled, 'Global Commercial/Corporate Card Market Size, Status and Forecast 2018-2025' included in the fast expanding database of Market Research Hub (MRH) offers insightful business details on current developments and their impact on the growth of commercial/corporate card market.
Innovations Such as Perks and Rewards Points Lure Greater Adoption amongst Corporates
Prominent commercial/corporate cards providers are encouraged to introduce new features such as additional perks and benefits, short-term loans, reward points, and incentives amongst other benefits to lure adoption in the corporate sector, thus encouraging market growth, besides anchoring a lucrative position in commercial/ corporate card market.
American Express and Amazon Team Up for Unique Co-Branded Corporate Card
To make headway in the competition spectrum of commercial/corporate card market, leading industry veterans American Express and Amazon have entered into a joint venture to unveil new commercial card, specifically fabricated for small and medium businesses in the US. The card is estimated to offer these firms with a clear understanding on purchasing activities and thereby set purchase limits. With this co-branded card, American Express aims to serve fast growing SMBs who often turn to Amazon for their buying sprees. The collaboration is expected to benefit long term business objectives of both these companies, besides fuelling growth triggers for commercial/corporate cards.
The report entails a comprehensive summary of segments and factors attributed to commercial/ corporate card market, based on which the market is splintered as type and application. Based on type commercial/corporate cards market is classified as open-loop and closed-loop cards. On the basis of application commercial/corporate cards market is splintered as small business credit cards and corporate cards. The report components enable readers to gauge the implications of segments in steering market growth besides allowing readers to identify the segment associated with surged revenue streams.
In addition to aforementioned segments the report also offers a comprehensive summary of regional segregation of commercial/ corporate card market based on which the market is demarcated into Europe, United States, China, Japan, India, Southeast Asia, and Central and South America as dominant regional pockets in commercial/ corporate card market.
Key Players: Commercial/ Corporate Card Market
Based on thorough research postulates encompassed in the report readers are enabled to delve deep into understanding the efficacy of marketing strategies in bolstering growth in commercial/ corporate card market besides influencing consumer decisions. Some of the leading players identified in commercial/ corporate card market include, American Express, Bank of Brazil, Diners Club, Hyundai, JP Morgan, and MasterCard amongst others.
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