April 19, 2023 – The payments market is increasingly crowded, and midsize to large corporations have a growing range of payment options to choose from. Commercial cards in all their forms remain a critical payment tool for U.S. and Canadian organizations. Far from becoming a legacy payment mechanism losing ground to newer electronic payment mechanisms, commercial cards are growing in both importance and use among corporate users.

This Impact Report provides a broad overview of how commercial card users in the U.S. and Canada are using these products in relation to their broader payments mix, drivers of usage, and implications for the market in the near term. This report is primarily based on a survey of 250 commercial card users in the U.S. and Canada conducted in Q3 2022 among employees of midsize and large organizations.

Clients of Aite-Novarica Group’s Commercial Banking & Payments service can download this report.

This report mentions American Express, Brex, Comdata, Coupa, Diivy, Expensify, Mastercard, Sap Concur, Visa, and Wex.