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FactMR: Fuel Card Sales Driven by Cost and Time Benefits in Fleet Management Applications, Says FACT.MR Report


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Leading fuel card providers are seeking to bolster quality standards, leveraging digitalized payment in fuel card market trends with telematics and EMV tech integration.
NEW YORK, NY / ACCESSWIRE / April 15, 2021 / The fuel card market is projected to exhibit a healthy trajectory of growth at over 6% CAGR, through the forecast period (2021-2031). As per a new Fact.MR report, the global fuel card market will cover applications such as fuel refills, toll charges, and parking charges among others. The increased adoption of fuel cards can largely be attributed to the growing role of information technology in the banking sector.
The COVID-19 outbreak has adversely impacted short term prospects for fuel card services. The problem has been compounded by the temporary disruption of trade, commercial and passenger transport owing to strict lockdown regulations. Growing penetration of digital payment platforms in addition to data analytics will bolster adoption. The demand for fuel cards will steadily recover through 2021 as the pandemic subsides, reveals FACT.MR.

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Fuel Card Sales Driven by Cost and Time Benefits in Fleet Management Applications, Says FACT.MR Report

Fuel Card Sales Driven by Cost and Time Benefits in Fleet Management Applications, Says FACT.MR Report
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