Contactless cards achieved a breakthrough in Europe in 2014, as the number of payments grew by 155% – a figure which is forecast to continue to soar over the next few years. Visa is by far the largest scheme in the region for contactless payments.
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The T&E sector, consisting of American Express, JCB and Diners Club, represents only a small proportion of the total payment cards market, but is nevertheless a huge segment in its own right. Use of T&E cards varies widely by sector and geography, and spending per card is high compared to other types of card. American Express is the largest of the T&E players and accounts for more than three quarters of global T&E card expenditure.
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The T&E sector, consisting of American Express, JCB and Diners Club, represents only a small proportion of the total payment cards market, but is nevertheless a huge segment in its own right. Use of T&E cards varies widely by sector and geography, and spending per card is high compared to other types of card. American Express is the largest of the T&E players and accounts for more than three quarters of global T&E card expenditure.
Journal: PLUS Journal 3 (226) 2016
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