Virtual Cards Market is projected to reach $1,893.08 billion by 2031, growing at a CAGR of 21.3% from 2022 to 2031

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Virtual Cards Market
During the COVID-19 pandemic, as the usage of
cash reduced, adoption of virtual cards helped
various small and medium enterprises to increase
their productivity by implementing virtual cards
as a mode of payment. This helped consumers to
make payments for purchases using their virtual
cards. Therefore, virtual cards had a positive
impact on the economy during the COVID-19
pandemic.

Aarti G , Vineet KLead Analyst, Financial
Services at Allied Market Research
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Virtual Cards Market
According to a new report published by Allied
Market Research, titled, Virtual Cards Market,"
The virtual cards market size was valued at
281.22 billion in 2021, and is estimated to
reach 1,893.08 billion by 2031, growing at a
CAGR of 21.3 from 2022 to 2031. A recent RFI
Group study titled Capitalizing on the potential
in virtual cards and conducted on behalf of Visa,
found that virtual cards are becoming an
important option for businesses across the globe.
In Australia, 54 of businesses that already use
purchasing cards find virtual cards appealing.
This figure is even higher at 60 for businesses
who do not currently use purchasing cards.
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Virtual Cards Market
Aspects Details
End User Businesses Individuals
Product Type B2B Virtual Card B2C Remote Payment Virtual Cards B2C POS Virtual Cards
Industry Vertical Media and Entertainment Hospitality Consumer Goods Energy and Utilities Advertising Education Others
By Region North America  (U.S., Canada) Europe  (United Kingdom, Germany, France, Italy, Spain, Netherlands, Rest of Europe) Asia-Pacific  (South Korea, Rest of Asia-Pacific, China, India, Japan, Australia) LAMEA  (Latin America, Middle East, Africa)
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Virtual Cards Market

• Key benefits for stakeholders
• This report provides a quantitative analysis of
  the market segments, current trends, estimations,
  and dynamics of the virtual cards market share
  from 2021 to 2031 to identify the prevailing
  virtual cards market opportunity.
• The market research is offered along with
  information related to key drivers, restraints,
  and opportunities.
• Major countries in each region are mapped
  according to their revenue contribution to the
  global virtual cards market forecast.
• Market player positioning facilitates
  benchmarking and provides a clear understanding
  of the present position of the market players.
• The report includes the analysis of the regional
  as well as global virtual cards market trends,
  key players, market segments, application areas,
  and market growth strategies.

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Virtual Cards Market
Major Companies The key players profiled in the
virtual cards market analysis are American
Express, BTRS Holdings Inc. dba Billtrust, Bento
Technologies Inc., Citigroup Inc., Capital One,
DBS Bank Ltd., ePayService, HSBC Group, JPMorgan
Chase Co., Mastercard, Marqeta, Inc., Revolut
Ltd, Stripe, Inc., State Bank of India, Standard
Chartered Bank, Wise Payments Limited, WEX Inc.
These players have adopted various strategies to
increase their market penetration and strengthen
their position in the virtual cards industry.
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Virtual Cards Market
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