The use of commercial cards to facilitate transactions between businesses is growing worldwide. For purposes of this report, commercial cards are defined as payment mechanisms used specifically for business-to-business transactions, including corporate travel and entertainment (T&E), fleet, and purchasing cards.<\/p>\n
Visa\u2019s annual index for global Commercial Consumption Expenditure (CCE) \u2014 measuring business-to-business and government-to-business spend \u2014 reached $109.1 trillion in 2011, a 12-percent increase from 2010.1According to Tad Fordyce, head of Global Commercial Solutions for Visa Inc., \u201cUnderneath this growth lies a clear opportunity for issuers and corporations, financial and non-financial institutions, to optimize their commercial card programs, to capture more spend with electronic payments and, ultimately, to better meet the needs of their commercial and government clients.\u201d<\/p>\n
According to a Visa survey, the Central\/Eastern Europe and Middle East\/Africa region, with 17.4 percent year-over-year growth rates in commercial spending, is second globally only to the Latin America\/Caribbean region (19.4 percent).<\/p>\n","protected":false},"excerpt":{"rendered":"
Turkey is a country known for its strategic importance and active economic and political roles on both sides of the European\/Asian divide. The high activity level does not end with geopolitics, however; Turkey has a very active commercial cards and payments market.<\/p>\n","protected":false},"featured_media":48027,"template":"","meta":{"pmpro_default_level":"","tdm_status":"","tdm_grid_status":""},"product_brand":[],"product_cat":[766,2347],"product_tag":[],"class_list":["post-76190","product","type-product","status-publish","has-post-thumbnail","product_cat-strategy-en","product_cat-study-library","pmpro-has-access","first","instock","shipping-taxable","product-type-external"],"yoast_head":"\n