Since the first commercial travel and entertainment TE cards appeared in the US back in the 1950s courtesy of Diners Club and American Express Amex, much has happened to the sector. Debit cards, prepaid cards and what banks call purchase cards which are basically every day credit cards for corporations with some limits that companies control have joined the fray. All of these cards are branding opportunities that can be personalised for individuals and firms. And now there is a card that suits the needs of the mightiest multinational to the humblest local player.
The commercial card sector in Asia-Pacific is booming. Singapore-based DBS reported more than 40%...
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