Purchase cards, also known as procurement cards or P-cards, are commercial credit cards issued by banks to enterprises to facilitate large B2B payments for goods and services procured, or for any high-volume purchases.

While a purchase card is used interchangeably with corporate credit card, there is an innate difference between the two.

A purchase card is best suited and used for recurring large purchases core to the business.

Over the years, purchase cards have started to replace the traditional means of payment to the vendors owing to the benefits they bring to the table.

Purchase card programs help businesses to transact with a list of beneficiaries already registered and approved in the system. | To read full story, visit https://startuparound.com/read/1585389606.4080129/Purchase-Cards,-the-new-way-to-facilitate-large-B2B-transactions?ref=audio_experience