SOURCE: Packaged Facts

Packaged Facts

November 18, 2009 13:17 ET

Commercial Payment Card Market to Rebound, Breach $1 Trillion in 2010

NEW YORK, NY--(Marketwire - November 18, 2009) - After exceeding $1 trillion for the first time in 2008 and subsequently suffering through a dismal 2009, the global commercial payment card market is poised to rebound in 2010, according to leading market research publisher Packaged Facts in the recently released "Commercial Payment Cards: The U.S. and Global Markets and Trends, 6th Edition."

Encouraging signs stem from numerous companies reporting better than estimated earnings and CEOs worldwide suggesting that the bottom has been seen and growth is expected in the quarter ahead. Packaged Facts forecasts total global commercial payment card purchase volume will grow 9% over the 2009 level of $917 billion to back above $1 trillion in 2010.

"This is not to say that 2010 will be a return of the heady days of years past, but assuming a bottom is in place and corporations continue to find new efficiencies to grow their bottom line, 2010 could be a fairly healthy year for the commercial card market," says Don Montuori, publisher of Packaged Facts.

Growth will be driven by a corporate need to reduce costs and increase efficiencies through the adoption of card programs that can deliver on that promise, according to the report. It is also likely growth will be more from new commercial card clients rather than an expansion in purchasing volume from existing clients.

The United States will remain the single biggest economy providing opportunities in the commercial card payment space, especially when considering the penetration rate of commercial card payments versus paper and electronic forms is at about 3% in the U.S. But with global commercial card payment volume estimated to be just 1% of total global commercial consumption, it will be emerging economies that will provide the greatest growth prospects overall. In addition, markets outside the U.S., particularly markets in Asia, are expected to rebound with much more verve in 2010, according to the report.

"Commercial Payment Cards: The U.S. and Global Markets and Trends, 6th Edition" presents data and analysis on the global and U.S. market for commercial payment cards. The report presents the size and growth of the market by examining key metrics for the 2005-2009 period and providing forecasts through 2014. Included are discussions and analysis of the various commercial payment card types, trends and factors affecting their growth, and a focused analysis of commercial card end user demographics and preferences. Major card brands and issuers are profiled to provide a competitive landscape. For further information, please visit:

About Packaged Facts -- Packaged Facts, a division of, publishes market intelligence on a wide range of consumer market topics, including consumer goods and retailing, foods and beverages, demographics, pet products and services, and financial products. Packaged Facts also offers a full range of custom research services. To learn more, visit: Follow us on Facebook, LinkedIn and Twitter.

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