Asia-Pacific Commercial Credit Cards: Market Review, discusses the current state and near-term outlook for mid-to-large market commercial credit cards across the region. The economic growth in Asia Pacific during the past 10 years, along with associated business travel spend, has driven general regional spend growth to near 20% annual rates during this decade.
There remains substantial opportunity for capturing more of the expected increase in travel spend in formal corporate programs using commercial T&E (corporate) cards. Additionally, the expected market for purchasing cards (P-cards) and single-use accounts (also known as virtual cards or payments) in the corporate procurement space will drive ongoing double-digit growth through 2020.
Highlights of this research include:
- A review of the region’s expected growth and spend opportunities
- Predictions for commercial card growth by product type through 2020
- Estimated network share capture through 2020