Banks have been competing for decades on retail customers where the opportunities are now comparatively modest, but the commercial card market is still relatively untapped and presents new revenue growth areas writes Network International’s Saudi Arabian Managing Director Abdulaziz Al-Dahmash. (File photo: Reuters) Abdulaziz Al-Dahmash Updated: 06 March ,2023: 04:31 PM GST One in five respondents to a 2019 survey in Singapore said they would rather get a cavity filled than complete an expense report and I am certain most of us here in the region can relate. If you have ever sat at your desk late in the evening at the end of the month spending hours filling an Excel sheet and stapling or gluing them to a Mount Everest of receipts, then you’ve felt the same pain. For all the latest headlines follow our Google News channel online or via the app. Despite living in the digital payments era , far too many large companies in our region still rely on this cumbersome manual system as they continue to make cash, cheque, and electronic transfers for most business transactions such as business travel, petty cash, and purchasing activities, rather than using commercial payment cards. In Saudi Arabia […]
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