Asia-Pacific Commercial Credit Cards: Market Review

February 2016

2016 Mercator Advisory Group

Mercator Advisory Group's newest research note, 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.

New research shows that Asia-Pacific markets offer unrivaled opportunities for commercial credit cards

2016 Mercator Advisory Group

"There are now a number of established markets and robust capabilities for commercial cards in the Asia-Pacific region, with room for increased spend capture in developed economies through greater middle-market adoption and program compliance” says Steve Murphy, Director of Mercator Advisory Group’s Commercial and Enterprise Payments Advisory Service and author of the report, “but it is a vast and diverse region, with nascent programs in many markets. Great opportunities for volume capture exist in China, India, and the ASEAN member countries.”

Steve Murphy Director, Commercial and Enterprise Payments Advisory Service

2016 Mercator Advisory Group

• 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

Highlights of the research note:

Figure 1: Asia-Pacific Is Outpacing Other World Regions in Economic Growth

Source: International Monetary Fund, World Economic Outlook (WEO) Database October 2015, WEO January 2016 Update

World Advanced Economies

Emerging & Developing Asia

ASEAN

Annual Growth (%) Gross Domestic Product, Selected Regions

©2016 Mercator Advisory Group

One of the four exhibits in this research note:

About the research note:

2016 Mercator Advisory Group

The research note is 10 pages long and contains 4 exhibits. Companies mentioned in this document include: Alipay, American Express, China UnionPay, JCB, Diners Club, Invapay, MasterCard, PayPal, Visa, and Yuupay. Members of Mercator Advisory Group's Commercial and Enterprise Payments Advisory Service and Global Payments Advisory Service have access to this research note as well as the upcoming research for the year ahead, presentations, analyst access and other membership benefits. For more information and media inquiries, please call Mercator Advisory Group's main line: (781) 419-1700; send email to media@mercatoradvisorygroup. For free industry news, opinions, research, company information and more visit us at www.PaymentsJournal.com. Follow us on Twitter @ http://twitter.com/MercatorAdvisor. About Mercator Advisory Group Mercator Advisory Group is the leading independent research and advisory services firm exclusively focused on the payments and banking industries. We deliver pragmatic and timely research and advice designed to help our clients uncover the most lucrative opportunities to maximize revenue growth and contain costs. Our clients range from the world's largest payment issuers, acquirers, processors, merchants and associations to leading technology providers and investors. Mercator Advisory Group is also the publisher of the online payments and banking news and information portal PaymentsJournal.com.

About Mercator Advisory Group

Mercator Advisory Group is the leading independent research and advisory services firm exclusively focused on the payments and banking industries. We deliver pragmatic and timely research and advice designed to help our clients uncover the most lucrative opportunities to maximize revenue growth and contain costs.

Our clients range from the world's largest payment issuers, acquirers, processors, merchants and associations to leading technology providers and investors. Mercator Advisory Group is also the publisher of the online payments and banking news and information portal PaymentsJournal.com.

2016 Mercator Advisory Group