How Commercial Cards Are Adapting To The New Normal
By Citi
The world has been transformed by COVID-19 and the economic shutdown that governments imposed to halt its spread. Inevitably, commercial cards have been impacted.
Most obviously, travel has fallen sharply. Despite these challenges, the long-term trajectory of commercial cards remains positive. Business-to-business (B2B) spend is increasing – and many companies have increased efforts to migrate spend to cards in recent months.