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Author: Steve Murphy Published on: October 2, 2017
Payables is the name of the game in U.S. commercial cards.
Mercator Advisory Group reports healthy growth for commercial cards in the U.S. market with opportunity to capture much higher B2B payments share in the next five years.
In a new research report, U.S. Commercial Cards: The Drive Toward Mainstream Payables, Mercator Advisory Group examines a number of critical factors in the state of the U.S. commercial card market, including market size, changing dynamics, emerging trends, and the challenges around accelerating B2B spend share for cards. The report describes the growth scenario in the U.S. market, discussing trends, technology dynamics, and opportunities presenting themselves over the next five years.
“The exchange of goods and services between businesses requires payment in one way, shape, or form. Most often the terms are based on trade credit, and payments are executed after the fact (postshipment or postdelivery) via an invoiced request. The combination of all these and other business payment transactions across the globe is estimated to be somewhere in excess of $120 trillion annually,” commented Steve Murphy, Director of Mercator Advisory Group’s Commercial and Enterprise Payments Advisory Service, author of the report. “The critical factor for commercial cards is to gain a faster rate of growth in share of business-to-business (B2B) payables during the next five years, as the changing e-payments environment presents easier and faster alternatives to paper-based solutions.”
The document is 18 pages long and contains 7 exhibits.
Companies mentioned in this report include: ACL, American Express, Cardlay, Caseware, Certify, Coupa, Databasics, Ethereum, Expensify, Fraedom, Inlogik, Mastercard, Oversight, Ripple, Swift, TCH, and Visa.