Corporate Card

A corporate card is a credit card issued by a financial institution to a company or organization for the purpose of managing business-related expenses. It is typically assigned to individual employees or departments within the organization and is used to make purchases, travel bookings, and other transactions necessary for conducting business operations.

Corporate cards often come with features tailored to business needs. Examples include expense tracking, spending limits, and rewards programs optimized for business spending categories. 

The primary role of corporate cards in the payments industry is to provide a convenient and efficient means of managing and tracking business expenses. They also play key roles in balancing accounting processes and providing employees with a secure payment method while traveling or making purchases on behalf of the company. They also offer businesses insights into spending patterns and control over expenditures, contributing to better financial management and cost control.