US leads global commercial card market: report.

According to a report by Euromonitor International, the United States dominated the global commercial card market in 2023, accounting for 58% of total payment value. However, the US also had the highest percentage of fraud losses from financial cards, at 78%, out of the 47 global markets covered. The report suggests that while commercial card spending in the US is driven by competition in the domestic card network market, card networks will need to invest in tailored rewards programs and address security measures to compete with electronic payments. The US is also home to six of the largest global issuers by value. [Extracted from the article]