Half of All Corporate Credit Card Transportation Spend Is on Uber, Clara Research Shows

Analyzing a person’s expenses, whether an individual or a company, provides valuable insight into their priorities. That is why Clara, as Latin America’s most complete corporate payments solution, shares “Clara Radar: executives’ favorite brands,” an in-depth report on where its users are shopping.

The survey analyzed a sample of 1.6 million credit card transactions made between January and December 2023 in Brazil by executives from more than 2,000 companies, most of them mid-sized and large.

The data reveals which brands are most present in day-to-day business and how large hospitality, food and retail groups hold a large share of the market, including in B2B.

“As the leading corporate payments solution for the mid-market and enterprise segment, we were able to gather important insights into consumption habits within the business environment. This data is invaluable for decision-makers because it can guide finance teams as they rethink their spending, while also serving as an important reference for businesses looking to expand B2B sales,” reflects Francisco Simon, CEO of Clara in Brazil.

Transportation

Of all transportation expenses, 56.56% of transactions were made on the Uber platform, followed by 99 with 4.00%. Of those rides, 57.48% take place in São Paulo, 8.30% in Rio de Janeiro and 5.87% in Minas Gerais.

Other brands also appear in the transportation spending ranking, such as parking network Estapar (1.71%), delivery service Lalamove (0.91%), toll operator ViaOeste (0.65%) and car rental company Localiza (0.45%).

Travel

Of all hotel expenses, an impressive 85.54% is concentrated in brands from the French Accor group, which includes Ibis, Novotel, Mercure and others.

The favorite is Ibis, with 51.64% of hospitality transactions. Ibis Budget and Ibis Style follow with 13.51% and 7.07%, respectively. Novotel holds 5.50% of the market and Mercure 7.82%.

Other networks include brands such as Hilton (1.27%) and Marriott (1.25%).

The airlines most favored by companies are Latam (50.05%), followed by Azul (26.88%) and GOL (17.59%).

Food

In food expenses, iFood accounts for 8.93% of all transactions in the category. Fast-food chains follow: McDonald’s (0.43%) and Burger King (0.22%). Frango Assado, known for its locations along highways, also appears among the top 10 restaurants with 0.25%. Finally, Outback, which often brings company teams together for happy hours, accounted for 0.24% of transactions.

Retail

Users also shop at major retail brands. At the top are wholesale chains Assaí (17.39%), Atacadão (11.38%) and Dom Atacadista (1.50%). Next are Amazon (1.37%), Carrefour (1.26%) and Mercado Libre (1.14%).

About Clara

Clara is Latin America’s leading solution for companies to make and manage all their payments. Clara’s platform includes corporate credit cards and a digital account that offers a net return of 110% of the CDI. Launched in 2021, Clara has local operations in Brazil, Colombia and Mexico. As a Latin American multinational, it has received investments from some of the region’s most strategic venture capitalists, including Brazilian firms monashees and Canary, as well as global investors such as GGV, Coatue, DST Global Partners, ICONIQ Growth, General Catalyst and Goldman Sachs, among others.

Clara’s goal is to enable companies to operate with agility and clarity, helping them become more efficient and less bureaucratic through a solution that supports multiple payment methods integrated into its innovative expense management platform.

To learn more about Clara’s products and solutions, visit clara.com.