The global Virtual Cards market is expected to reach USD 65.0 billion by 2030, at a CAGR of 21% during the forecast period 2021 to 2030. The increasing demand for Virtual Cards systems designed specifically for food to identify products with incorrect labels and low-quality products drives the market’s growth over the forecast period.
The virtual Cards Market is projected to grow from USD 11.7 billion in 2021 to USD 65.0 billion by 2030 at a CAGR of 21% during the forecast period. A virtual card enables secure online transactions since it lowers the possibility of disclosing the actual credit/debit card information to the merchant. There are very chances of cloning or fraud because virtual cards are only visible to the user.
This study gives a detailed analysis of drivers, restrains, opportunities and challenges limiting the market expansion of Virtual Cards market. The survey included a diverse set of players, including a balance of leading and growing manufacturers for business profiling, such as;
American Express Company Capital One BTRS Holdings, Inc. JPMorgan Chase & Co. Wise Payments Limited JPMorgan Chase & Co. Marqeta, Inc. MasterCard Skrill USA, Inc. Stripe, Inc. WEX Inc. Adyen Bento Technologies Inc. Billtrust (BTRS Holdings Inc.) Citigroup Inc. ePayService DBS Bank Ltd HSBC Revolut Ltd Stripe, Inc. State Bank of India Mastercard Marqeta, Inc. Standard Chartered Bank WEX Inc. Wise Payments Limited
Our expert team is consistently working on updated data and information on the key player’s related business processes that value the market for future strategies and predictions
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Market Segmentation:
By Card Type
Debit Card
Credit Card
By Product Type
B2B Virtual Cards
B2C Remote Payment Virtual Cards
C2B POS Virtual Cards
Covered in this Report:
1. Go-to-market Strategy.
2. Neutral perspective on the market performance.
3. Development trends, competitive landscape analysis, supply side analysis, demand side analysis, year-on-year growth, competitive benchmarking, vendor identification, QMI quadrant, and other significant analysis, as well as development status.
4. Customized regional/country reports as per request and country level analysis.
5. Potential & niche segments and regions exhibiting promising growth covered.
6.Analysis of Market Size (historical and forecast), Total Addressable Market (TAM), Serviceable Available Market (SAM), Serviceable Obtainable Market (SOM), Market Growth, Technological Trends, Market Share, Market Dynamics, Competitive Landscape and Major Players (Innovators, Start-ups, Laggard, and Pioneer).
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Industry Developments:
In September 2021, Extend Enterprises, Inc., a fintech company specializing in virtual cards, partnered with American Express Company to promote the use of virtual cards in the United States. Holders of American Express Business Cards in the United States can utilize the Extend Enterprises, Inc. app to initiate virtual cards, also known as tokens.
Regional Analysis for Virtual Cards Market:
✫ North America: (U.S., Canada, Mexico)
✫ Europe: (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)
✫ Asia-Pacific: (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)
✫ South America: (Colombia, Brazil, Argentina, Rest of South America)
✫ Middle East & Africa: (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
Benefits of the Report:
⏩ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.
⏩ Top-down and bottom-up approach for regional analysis
⏩ Porter’s five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.
⏩ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market
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Frequently asked questions:
➥ What is the market size of the Virtual Cards market?
➥ What is the market growth rate of the Virtual Cards market?
➥ What are the Virtual Cards market opportunities and threats faced by the vendors in the global Virtual Cards Industry?
➥ Which application/end-user or product type may seek incremental growth prospects? What is the market share of each type and application?
➥ What focused approach and constraints are holding the Virtual Cards market?
➥ What are the different sales, marketing, and distribution channels in the global industry?
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