FinTech Glossary

What Is a Corporate Card?

A corporate card is a business-issued payment card used by employees to pay for authorised work-related expenses such as travel, meals, fuel, subscriptions, utilities, and operational purchases. It centralises company spending, improves visibility, and simplifies tracking and reconciliation for finance teams.

Business Context

Corporate cards help organisations manage employee and departmental spending more efficiently. Instead of out-of-pocket payments and manual reimbursements, cards provide:

1. Controlled access to company funds
2. Real-time transaction visibility
3. Clear audit trails
4. Category-level restrictions
5. Easier reconciliations for the month-end close

They are widely used across finance, sales, operations, procurement, admin, and field teams.

How Corporate Cards Work

Employees receive cards with predefined limits, categories, and policies set by the finance team. When used for business expenses:

1. Transactions are logged instantly
2. Controls block unauthorised spending
3. Digital receipts can be attached
4. Approvals follow a pre-set workflow
5. Expenses sync with accounting and ERP tools

Corporate cards can be prepaid, credit, or expense-only, depending on company policy and regulatory framework.

Types of Corporate Cards

1. Prepaid Corporate Cards Loaded with a predefined balance. Ideal for controlled spending.
2. Credit Corporate Cards Issued with a credit line. Suitable for larger organisations with predictable spending habits.
3. Category-Specific Cards: Purpose-built cards such as:

• Travel cards
• Meal cards
• Fuel cards
• Purchase cards
• Marketing cards

4. Virtual Cards: Instant, one-time, or multi-use digital cards for subscriptions, online vendor payments, and secure transactions.

How EnKash Helps

EnKash offers one of India’s most advanced corporate card infrastructures, purpose-built for complete control, compliance, and visibility.

From prepaid cards to virtual and category-specific cards, every spend is tracked in real time, governed by policy-level controls, and reconciled automatically.

Finance teams manage all company-wide spending from a single, intelligent platform designed to eliminate leakage, simplify audits, and accelerate month-end close.