Pipeline

The corporate cards category is expected to grow at a CAGR of 7.3% from 2023 to 2030. There is a high degree of acceptance of corporate cards by merchants in developing countries. The rise in merchant acceptance is driven by the convenience of accepting payments through widely used network providers like Visa, MasterCard, Amex, etc. Additional factors driving industry growth include the switch to non-cash payments for better payment visibility, management, and working capital optimization as well as the development of flexible laws to reduce interchange costs. The European region accounts for the largest category share due to rising business trip costs and a growing preference for digital payment methods among businesses in this region. This category has undergone some significant technological innovation phases that have facilitated the quick adoption of cutting-edge technologies like blockchain, AI, and fully automated systems. These technologies are transforming the payment space...