Increase in the IoT applications and technological advancements that quicken business processes drive the market. In addition, innovations in payment systems and fuel card products offerings further fuel market growth. However, card security related issues impede the market. The emergence of contactless payments methods make way for market development.
The global commercial fuel cards market is segmented on the basis of type, end user, and region. Based on type, the market is divided into magnetic, optical, and chip. The end-user segment includes fleet-operators and others. Based on the region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Major industry players such as – Texaco, Inc, European Diesel Card Ltd, FleetOne, L.L.C., BP p.l.c., Exxon Mobil Corporation, Keyfuels, euroShell, Allstar Business Solutions, and UK Fuels Limited.
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