{"id":1011,"date":"2022-09-23T11:59:32","date_gmt":"2022-09-23T11:59:32","guid":{"rendered":"https:\/\/blogs.enkash.com\/?p=1011"},"modified":"2025-01-27T15:54:05","modified_gmt":"2025-01-27T10:24:05","slug":"corporate-cards-for-business-payments","status":"publish","type":"post","link":"https:\/\/www.enkash.com\/resources\/blog\/corporate-cards-for-business-payments","title":{"rendered":"Corporate Cards for Business Payments – Yay or Nay"},"content":{"rendered":"\r\n\r\n\r\n

One of the fastest-changing landscapes of business is that of Financial Technology, commonly known as Fintech. Most businesses are shifting towards the digital lending platform because of smooth and efficient payment. This article will describe the benefits of corporate cards for making business payments to other businesses and suppliers.<\/p>\r\n\r\n\r\n\r\n

<\/span>How Corporate Cards Came Into The Limelight?<\/strong><\/span><\/h2>\r\n\r\n\r\n\r\n

With ever-upgrading rules and legislation to unpredictable laws, the money market has always been a real head-scratcher in terms of trend predictions. Fintech has been a key driver in revolutionizing financial services and business payment modules owing to dynamic consumer expectations and need of the hour solutions.<\/p>\r\n\r\n\r\n\r\n

Moreover, the recent pandemic, i.e., Covid-19 is also the reason behind accelerating corporate cards<\/a> via Fintech Credit Card. With more and more offices asking their employees to work from home, non-traditional methods of payments have seen a meteoric rise.<\/p>\r\n\r\n\r\n\r\n

Digital payments in India have scaled new heights over the last few years. In the year 2020, 48 billion digital transactions were recorded in India alone,\u00a0and this trend is expected to grow at the same rate over the years to come.<\/p>\r\n\r\n\r\n\r\n

Below is the infographic that showcases 5 key areas that will be the trendsetters of the bossiness payments space in India. Innovations in electronic payments<\/a> and dedicated payment systems seem to be one of the 5 leading trends of 2021.<\/p>\r\n\r\n\r\n\r\n

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KPMG Secondary Research, KPMG in India’s Analysis 2019<\/figcaption>\r\n<\/figure>\r\n\r\n\r\n\r\n

Finance teams have opted to switch to the digital lending platform for ease of the process. While bank transfers have already been accepted in the financial world now,\u00a0commercial cards\u00a0are relatively new kids on the block who are quickly gaining popularity worldwide.<\/p>\r\n\r\n\r\n\r\n

Incumbents in this field were initially worried by fintech rapidly climbing the charts. However, this worry was soon put to rest as it was essentially found that 75% of fintech founders claimed that their goal is to partner with key players in the banking industry rather than to challenge them. Owing to this, the majority of large and mid-sized companies are already enroute the highway of change. However, it remains a challenge to make commercial cards lucrative enough for each business.<\/p>\r\n\r\n\r\n\r\n

While there could be many reasons for resistance to adopting this technology, let’s also take a look at the numerous benefits that you could enjoy while adding commercial cards to your business payments portfolio.<\/p>\r\n\r\n\r\n\r\n

Made in India, the First Business Card is specially designed for Entrepreneurs, SMEs, and Small & Big Brands.<\/p>\r\n\r\n\r\n\r\n

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