Pre-pandemic forecasts for virtual card market growth are pushing 12% in the middle market segment, where virtual spend is set to outstrip plastic spend by 2024, Reza Satongar shares his insights on customer trends as this ecosystem evolves.
Reflecting on the Global Summit
Global Summit @ New York
Dataflexnet is presenting at the Global Summit in New York to show how the Dataflexnet virtual card system and related services have solved problems in the commercial payments space, filling critical gaps for business and financial institutions alike.
According to the Business Travel Magazine (August/September 2019 edition, on the money), virtual cards are enjoying significant growth, varying by country, fuelled by specific use-cases, such as, where eligibility of corporate credit is an issue, leveraging a central account instead. The report suggests virtual cards are anticipated to benefit from general declines in card based corporate credit with double digit growth figures being witnessed today.
Michael Cliffe, CTO at Dataflexnet, will be presenting at the Fintech showcase on Tuesday 17th September @ 3.45pm and then joining the panel for a series of quick fire questions.
Dataflexnet, as a long term Sponsor of the Commercial Payment Summits, looks forward to the Global Summit: New York event at the Convene events venue.
Europe Summit @ London
As a long term Sponsor of the Commercial Payment Summits Dataflexnet will be catching up with our clients and customers during the Europe Summit based out of London.
