DUBLIN, August 25, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "Asia-Pacific Commercial Credit Cards: Market Review" report to their offering.
Commercial card growth in the Asia-Pacific region has been robust and primarily associated with travel spend. The diverse region is not necessarily an easy place to do business for financial institutions, but expectations for growth of purchasing cards and virtual cards are positive.
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
- American Express
- China UnionPay
- Diners Club
For more information about this report visit http://www.researchandmarkets.com/research/79wzfr/asiapacific
Related Topics: Credit Cards
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