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Which way will commercial cards in Europe go?
New research from Mercator Advisory Group examines the potential for commercial credit cards in Europe
Author: Steve Murphy Published on: March 22, 2016
In a new research note, Commercial Cards in Europe: Stagnating or Growing? Mercator Advisory Group reviews the status of European mid-to-large market commercial credit cards. Whilst regional spending volumes have historically been driven by business travel, Mercator sees growth in procurement-related spend finally taking off by virtue of single-use accounts.
“The major opportunity should be in the virtual card/SUA space, although starting from a small base, given the inherent advantages to this product,” commented Steve Murphy, Director of Mercator Advisory Group’s Commercial and Enterprise Payments Advisory Service and author of the report. “The European Union’s new Interchange Fee Reform (IFR) regulations will have some impact on corporate card growth, but whether that is a shifting of spending to other payment types or simply a redistribution of card spending share remains to be seen.”
The note is 14 pages long and contains 4 exhibits.
Companies mentioned in this research note include Airplus International, American Express, Conferma, Diners Club, Ixaris, JCB, MasterCard, UnionPay, and Visa.
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