Commercial Cards in LA: Emerging Trends and Opportunities
Commercial cards have been gaining in importance over the past few years as financial institutions recognize the attractive revenues they represent. Today, commercial payment products for businesses and governments represent one of the highest growth opportunities in the global card industry.
The Latin American market is no exception. The Region as a whole is expected to show GDP growth of over 4% in 2008, despite the global slowdown – the sixth consecutive year of growth. Most importantly, its business climate has been buoyant overall, and given low commercial card penetration rates, there are significant growth opportunities.
In this Strategic Commentary entitled “Commercial Cards in Latin America: Emerging Trends and Opportunities,” Speer & Associates, Inc. (S&A) provides perspective on trends in the commercial card space in the U.S. and globally, with emphasis on successes and challenges in the Latin American market.
