Business Travelers Rarely Use Virtual Payments In Another Sign of Companies’ Slow Adoption
Skift Take
Most companies still give their business travelers corporate cards or ask them to pay upfront for later reimbursement. Given the rapid development of mobile and virtual payment methods for consumers, corporate travel is lagging behind yet again.
When it comes to business travel expenses, corporate credit cards are still the name of the game. While fully digital solutions, such as Apple Pay and Android Pay, have been developed, they're still used by only a fraction of business travelers.
The Global Business Travel Association Foundation polled 137 U.S. travel managers earlier this year about their company's policy on travel expenses for their Total Cost of Ownership – Payment Solutions report.
Corporate cards are, of course, widely used; 94 percent of large c
