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Mastercard, Network International To Introduce Commercial Cards In Middle East, Africa

PYMNTS

In addition, the release says that annual commercial spend in the Middle East and Africa tops $4 trillion, mostly done via payment cards. The commercial card has grown in popularity, too, with online card payments having received the biggest share of new B2B volumes since the pandemic began.

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Plastiq Talks Commercial Cards, ePayment Trends

PYMNTS

Adoption of commercial cards in B2B payments has emerged as one of the hottest industry topics of the year thanks to new FinTech innovations and industry leaders like Visa and Mastercard making a push further into the market. These are optimistic observations for an industry where commercial cards have struggled to get off the ground.

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Amazon Chooses Amex For Small Business Credit Card

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American Express (Amex) and Amazon have teamed up to release a new commercial card product designed for small businesses (SMBs) buying on the Amazon platform. Announced today (Tuesday, June 26), the co-branded card for SMBs in the U.S.

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SMB Financing, Vendor Acceptance Top Biz Cards’ Priorities

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With commercial cards an increasingly popular choice in the B2B payments space, industry innovators are exploring pockets of opportunity to drive adoption through mitigating friction. For others, commercial card innovation comes in the form of overcoming the adoption hurdle of a lack of supplier acceptance.

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Visa Supports Rollout Of Aussie AP Service Yak Pay

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Visa has teamed up with business expense management firm Payment Logic to support the use of commercial cards in accounts payable for Australian businesses. 7) said Visa and Payment Logic are launching Yak Pay, a new company that connects small businesses with a supplier payment solution.

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Payroll Cards Find Opportunity In Corporates’ Digitization Push

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With the pandemic nudging businesses further into the digital payments realm, commercial card innovation is heating up to capitalize on the opportunity for adoption. Boost Bolsters BMO Harris Bank’s Biz Cards. Capital on Tap wields the commercial card to connect small and medium-sized businesses (SMBs) to financing.

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Looking Beyond The Card To Drive Commercial Adoption

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The payments digitization push has ramped up for corporates in recent months, with growing corporate card adoption attributed to the pandemic, recent Mastercard data reveals. Yet it's not only the need to embrace electronic payments that is encouraging government agencies, small businesses and larger enterprises to embrace the payment tool.