Visa, Mastercard share in commercial cards| ��ƽ��

Market share of Visa, Mastercard, American Express (Amex) in commercial payment card expenditure, including small businesses (SME), B2B, and travel and entertainment (T&E), in 2021 and 2022

Characteristic	2021	2022
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Sources

Release date

May 2024

More information

Region

Worldwide

Survey time period

May 2024

Special properties

All figures focus on corporate spending, with company-issued credit cards or debit cards.

Supplementary notes

The source does not add any additional information on methodology.

The source did not provide exact figures for individual countries. It adds that France's domestic card scheme Cartes Bancaires "lost considerable share" while UnionPay "failed to benefit from the return to business trips" in China.

The source did not provide individual figures for corporate credit cards. It also does not clarify whether the figures include virtual cards, or only cover physical cards.

The source does not clarify whether the figures include fuel cards. It did not provide separate figures for this category.

The source adds later that Clara and Jeeves issue physical and virtual cards with a Mastercard brand in "several larger Latin American markets" or Monzo, Startling, and Revolut having Mastercard portfolios in the United Kingdom. It, however, does not clearly state whether these fintech brands are included in the figures shown. It does not share separate figures for the neobanks by themselves.

Citation formats

Visa remained the largest processor in corporate card spending in 2022, although the market share of Mastercard and Amex increased. This is according to data from an UK market research company first published in 2024. The source attributes this to an increased offering of fintech-issued commercial cards, which are co-branded with the likes of Visa and Mastercard. For example, the source mentions the issuing of Mastercard-branded cards by Revolut in the UK. However, there are no clear figures for individual fintechs or how many of these cards were issued physically or virtually.