67% global organisations use corporate credit cards to pay for travel: ACTE

When it comes to paying for corporate travel expenses, majority of organisations (67 percent) continue to use corporate credit cards, with 60 percent saying they are very or extremely satisfied with them, reveals a global study conducted by Association of Corporate Travel Executives (ACTE), called ‘Evolving Payments in Corporate Travel’. 63% say it is their preferred payment method. While just 15 percent of organisations surveyed use virtual cards or single use accounts for business travel, another 28 percent plan to adopt them in the future.