TMCnet News
Insights on the Global Commercial Credit Cards Market (2019 to 2024) - Impact of COVID-19 - ResearchAndMarkets.comThe "Commercial Credit Cards: International Markets Review and Forecast, 2019-2024" report has been added to ResearchAndMarkets.com's offering. This report provides a detailed review of the commercial credit card markets in four broad regions, including Western Europe, Asia Pacific, Latin America and Caribbean, as well as Central & Eastern Europe, Middle East and Africa. Each regional breakdown includes an analysis of how the pandemic impacts spend during 2020-21, as well as recovery expectations through 2024. The commercial credit card market for mid-to-large corporates in regions outside of North America has been in a generally strong growth mode for the past several years. In these markets, spending growth remains underpinned by corporate cards, used mostly for travel and entertainment (T&E), as well as virtual cards used to settle with travel management companies, although some additional penetration into other verticals has occurred in both Europe and Asia Pacific. The consequent spending volume in corporate cards is closely tied to travel budgets and general corporate adoption, therefore the pandemic is causing a major spending downturn in 2020. The utilizatin of purchasing cards (P cards) and non-travel virtual cards are more directly tied to broader economic activity, the growing use of electronic payments methods, and replacement of checks and cash in the payables process. Companies Mentioned
Highlights of the report include:
Key Topics Covered: 1. Executive Summary 2. Introduction 3. COVID-19 Impact
4. Western Europe
5. Asia-Pacific
6. Latin America and Caribbean
7. Central & Eastern Europe, Middle East and Africa 8. Conclusions and Recommendations 9. References
For more information about this report visit https://www.researchandmarkets.com/r/yuuqtn View source version on businesswire.com: https://www.businesswire.com/news/home/20200804005583/en/ |