Virtual Cards Market Snapshot (2022 to 2032)

According to Future Market Insights, sales of virtual cards in 2021 were valued to be $338 Billion. The virtual cards market is predicted to reach a worth of US$ 1.3 Trillion by 2032, with 12.2% projected growth between 2022 and 2032.

The demand for virtual cards is supported by the following factors:

  • Tokenization in the digital payment gateway system is the result of the growing need for an extra layer of protection. This technology offers numerous benefits such as reduced costs on protection and better user experience and is expected to drive the demand for virtual cards.
  • These virtual cards eradicate the expense and hassle of processing paper and managing physical cards. Moreover, data can be transferred by merchants between networks while protecting their customer’s vital information, by integrating tokenization within these cards.
  • Another major factor that is estimated to propel the adoption of virtual cards is the increasing acceptance of smartphones globally. In addition, smartphones today come integrated with innovative technological developments such as 5G to effectuate customer satisfaction which further promotes market growth.
  • Government initiatives encourage companies to provide secure payment solutions to improve their offerings. Customers can pay through a variety of channels such as mobile and internet banking, mobile applications, etc. through the implementation of these guidelines.

Apart from the virtual cards market share witnessing a blooming growth, hindrances such as concerns over the limited availability of these cards may curb product demand.

Attributes Details
Global Virtual Cards Market Size (2022) US$ 411 Billion
Global Virtual Cards Market Size (2032) US$ 1.3 Trillion
Global Virtual Cards Market CAGR (2022 to 2032) 12.2%
USA Virtual Cards Market Size (2032) US$ 462.4 Billion
USA Virtual Cards Market CAGR (2022 to 2032) 12%
Key Companies Covered
  • Vanguard
  • WEX Inc.
  • Skrill
  • Billtrust Inc
  • Qonto
  • Marqeta Inc.
  • Cryptopay LLC
  • MineralTree Inc.
  • Stripe
  • Abine Inc.
  • Freedom Holdings Limited

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The proliferation of 5G & Smartphones Increasing Demand for Virtual Cards: North America & Asia Pacific

North America currently holds the largest share of the virtual cards market which is attributed to the deployment of advanced technologies such as 5G, increased usage of digital payment systems, and the presence of key companies. The USA and Canada are the major countries that have a strong presence of key providers which is expected to increase the sales of virtual cards. Additionally, these key players are involved in contributing heavy investments towards research and development activities for digital payment options through prominent specialized payment platforms which can be enabled quickly and used to spend balances wherever Visa is accepted.

The Asia Pacific is a growing virtual cards market owing to the growing adoption of IoT services and increasing government initiatives, especially in the countries China, Japan, and India to encourage digital payments and extensive usage of smartphones. Moreover, the establishment of a digital payments system is actively sped up through the acceleration of digital transformation from both the governments and industry players for consumer payments in China. In addition, the People’s Bank of China launched a series of digital currency trials across major cities by cooperating with local governments.

Customization & Other Opportunities in the Virtual Cards Market

Facilities such as canceling and pausing a card at any time, as well as setting spending limits are expected to generate a new set of opportunities for manufacturers to get creative. Furthermore, unlike physical cards, virtual cards cannot be stolen or lost. Key market players are essentially introducing virtual cards as a powerful new solution to address the growing problem of accounts receivable departments. They claim that the adoption of virtual cards can save time with automatic payment disbursements and reconciliation consolidation, while also reducing personal card reimbursements. These cards further help reduce fraud when the customer leverages modern, digital payments like single-use or reusable card numbers with extensive controls.

Employers can give virtual cards to their employees or other individuals on demand through mobile apps. From virtual AI-powered self-service tools to digital onboarding and implementation, virtual cards can also be used to access more ways to pay with seamless API integrations across a variety of software platforms.

Key virtual card market players are offering a broad range of solutions with these cards to allow end users to efficiently manage procurement and travel expenses with versatile card controls in their accounting systems. They are further offering experienced payment specialists who can help end users design and implement their optimal expense management program. By ditching plastic cards, the emergence of virtual cards has been the result of partnerships between key companies.

Certain key market players have launched a next-generation virtual card solution that uses machine learning and straight-through processing to enable instant payment of supplier invoices. This sophisticated machine learning identifies and analyzes invoices that are most likely to be rejected, enabling the rest to be authorized for payment on the same day they are received. These factors are anticipated to expand the global virtual card market size.

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Sudip Saha

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Revenue Of Virtual Cards Market From 2015 to 2021 Compared To Demand Outlook For 2022 to 2032

As per the Virtual Cards Market research by Future Market Insights - a market research and competitive intelligence provider, historically, from 2015 to 2021, the market value of the Virtual Cards Market increased at around 21.7% CAGR. With an absolute dollar opportunity of US$ 891 Bn, the market is projected to reach a valuation of US$ 1.3 Trillion by 2032.

In order to improve B2B payments, virtual cards are essential. Business resources can be accessed from everywhere at any time due to their greater flexibility and simplicity. They also provide a dependable and scalable dealer payment system, mainly for international transactions.

Investors should look at the virtual card business since it has significant room for expansion. As a result, several venture capital firms throughout the world are investing in companies that supply reusable and virtual payment cards. As per Digital Commerce 360, a media company, online sales in the USA were almost US$ 204.6 Bn in Q3 2021, up 6.8% from Q3 2020.

Privacy.com, the newly rebranded cards issuance platform Lithic, unveiled a US$ 43 Mn Series B investment round. Index Ventures, Tusk Venture Partners, Rainfall Ventures, Teamworthy Ventures, and Walkabout Ventures also participated in the round, which was headed by Bessemer Venture Partners.

The Privacy. com-branded Lithic card issuance platform was developed nine months earlier with the goal of making it simple for programmers to mechanically produce virtual and real payment cards.

Ever since, the platform has experienced an exponential increase, with business issuing volumes more than doubling in the previous four months. The flagship product, Privacy.com, continues to become a premier virtual card provider working to make online payments safer and easier and is currently supported by the Lithic card issuance system.

Which Factors Are Propelling Virtual Cards Demand?

Due to the rising number of electronic transactions, the global virtual cards market is projected to rise significantly throughout the forecast period. A virtual card, sometimes also known as a digital card, is a type of electronic payment system that acts as a token for placing online purchases and making electronic payments.

It enhances the payment experience by allowing for a simpler, smarter, and safer method of making online transactions. Businesses may effectively handle card numbers and balances on every mobile or computer device, regardless of whether they are sending or receiving payments, with virtual cards.

CryptoBucks, a smartphone app designed to allow retailers to securely take crypto payments from any device, was launched by Aliant Payments, a renowned USA supplier of merchant services including payment systems. The debut of CryptoBucks, which is available free on both iOS and Android, sets a new benchmark for ease of use, versatility, and security.

The CryptoBucks software allows retailers to take Bitcoin, Bitcoin Cash, Litecoin, as well as Ethereum (ether) transactions in-store and online while complying with KYC and AML standards. Moreover, CryptoBucks is providing merchants with free crypto processing for the first 90 days, with no monthly charges, no contract, and also no termination, and the ability to cancel at any time.

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Which Sector Is Responsible For The Significant Demand For Virtual Cards?

One of the potential benefits of virtual cards is their ability to provide additional protection. Virtual cards, unlike actual cards, cannot be stolen or lost. The card information is saved and safeguarded online, reducing the amount of personal information that is exposed.

After a transaction, consumers may simply amend or erase their payment details. As a response, virtual cards are becoming a popular payment option for both consumers and organizations looking to conduct safe transactions while improving expenditure visibility and transparency.

Improved 5G connectivity aids digital payment service operators in more efficiently implementing fraud protection measures. As per the GSM Association, by 2025, the 5G network would have covered roughly one-third of the world's population.

Region-Wise Analysis

Which Region is Projected to Offer the Largest Opportunity for Virtual Cards Market?

Over the estimated period, North America is expected to hold the largest share of the market in the virtual card industry. The virtual cards market in North America is rising significantly due to factors such as increased usage of digital payment systems, the presence of key companies, and the deployment of new technologies such as 5G.

Virtual card companies like JP Morgan Chase, Billtrust, Inc., as well as Stripe, have a strong presence in North America. The presence of such important virtual card providers boosts the demand for the North American virtual card industry.

The Skrill America digital wallet has introduced a virtual view of its current Skrill Visa Prepaid Card, according to Paysafe, a prominent specialized payments platform. Skrill USA's most recent product innovation provides Americans with a digital payment option that can be enabled quickly and used to spend Skrill balances online wherever Visa is accepted.

The Skrill Virtual Visa Prepaid Card, which is offered by the New York-based Community Federal Savings Account, allows Skrill USA clients to purchase online practically anywhere because the majority of USA and worldwide eCommerce sites accept Visa card payments.

The new virtual Skrill Visa Prepaid Card, which was released in January 2020 as a replacement to the real CFSB-issued Skrill Visa Card, has a shortened application procedure and may be enabled in their accounts in seconds.

According to the ACI Worldwide analysis, digital payments will account for 71.7% of total transaction volume in India by 2025, while cash and cheques will account for 28.3%. As a result, as the number of digital payments grows, so does the need for virtual cards.

Country-Wise Analysis

Which Country Lies at the Centerstage for Virtual Cards Market Revenue?

By the end of 2032, the USA is projected to account for the largest market share of US$ 462.4 Billion. The key drivers of development are technological improvements and a rise in the number of consumers opting for virtual payment operations. European banks are working to develop a European payments initiative that would provide a uniform payment option for retailers and customers throughout the country.

Extend, the New York City-based leader in fintech that specializes in virtual cards, and American Express established a partnership to develop virtual Card services for USA businesses. Companies in the USA with a valid American Express Business Card may enroll and produce virtual cards, also known as tokens, using Extend's app or desktop login.

Several organizations may benefit from virtual cards, which can assist with anything from finding a dependable and upgraded approach to regulating spending to automating payment operations and obtaining richer data. Since the beginning of the epidemic, more businesses have been using virtual cards to automate their payment operations and enhance their use of contactless payments.

Category-Wise Insights

Which Virtual Cards Segment is Projected to Witness Fastest Growth among Virtual Cards Type?

THE B2B Virtual Cards segment is forecasted to grow at the highest CAGR of over 12.1% from 2022 to 2032. Virtual cards are frequently used as Single-Use Accounts for B2B payments. These are one-time-use, automated credit card numbers that Account Payments sends to suppliers and buyers for payment purposes.

As a result, the number is only valid for those transactions in a defined quantity. By integrating cards with a business cost management solution, the user can get the most out of using cards for Business - to - business payments. Meshpayments.com, for example, streamlines the usage of cards by connecting spending procedures.

Which End Use of Virtual Cards is Expected to Have Significant Opportunity in the Coming Years?

The Consumer Use segment is forecasted to grow at the highest CAGR of over 11.8% from 2022 to 2032. Mastercard and Previse officially confirmed the inclusion of Mastercard Cross-Border Offerings into Previse's InstantPay channel.

Mastercard Cross-Border Solutions is a global push payments technology that lets funds be sent seamlessly, and securely. As a result of the agreement, immediate payments to providers in over 100+ markets around the world.

Competitive Analysis

The leading players in the global Virtual Cards market are BTRS Holdings, Inc.; Fraedom Holdings Limited; JPMorgan Chase & Co.; Marqeta, Inc.; Mastercard; and Skrill USA, Inc.

  • In October 2020, Aliant Payments announced the expansion of XRP, an open-source alternative digital asset, to its CryptoBucks crypto payment phone app enabled by Aliant Payments. XPR would be accessible as a mobile app including both Android and iOS.
  • In July 2020, ParkMobile, a parking solutions company, announced an agreement with EasyPark, a facilities services company. The previous firm facilitated contactless payments across Vancouver as a result of this collaboration.

Similarly, recent developments related to companies in Virtual Cards services have been tracked by the team at Future Market Insights, which are available in the full report.

Market Segments Covered In Virtual Cards Market Analysis

By Product Type:

  • B2B
  • B2C Remote Payment
  • B2C POS

By End Use:

  • Consumer Use
  • Business Use
  • Others

By Region:

  • North America
  • Europe
  • Asia Pacific
  • Middle East and Africa
  • Latin America

Frequently Asked Questions

How much is the current worth of the Virtual Cards Market?

The global Virtual Cards Market is worth more than US$ 338 Billion at present.

What is the sales forecast for Virtual Cards Market?

The value of the virtual cards market is projected to increase at a CAGR of around 12.2% from 2022 to 2032.

What was the last 7 year’s market CAGR?

The value of the virtual cards market increased at a CAGR of around 21.7% from 2015 to 2021.

What is a key trend shaping the growth of the Virtual Cards Market?

Increased government attempts to promote digital payments, as well as the surged usage of smartphones for making payments are shaping the Virtual Card industry forward.

At what percentage is sales of Virtual Cards Market going to register growth in the USA?

The market of Virtual Cards Market in the USA is projected to expand at a CAGR of around 12% from 2022 to 2032.

Table of Content
1. Executive Summary | Virtual Cards Market
    1.1. Global Market Outlook
    1.2. Summary of Statistics
    1.3. Key Market Characteristics & Attributes
    1.4. Analysis and Recommendations
2. Market Overview
    2.1. Market Coverage / Taxonomy
    2.2. Market Definition / Scope / Limitations
3. Market Risks and Trends Assessment
    3.1. Risk Assessment
        3.1.1. COVID-19 Crisis and Impact on Demand
        3.1.2. COVID-19 Impact Benchmark with Previous Crisis
        3.1.3. Impact on Market Value (US$ Million)
        3.1.4. Assessment by Key Countries
        3.1.5. Assessment by Key Market Segments
        3.1.6. Action Points and Recommendation for Suppliers
    3.2. Key Trends Impacting the Market
    3.3. Formulation and Product Development Trends
4. Market Background and Foundation Data Points
    4.1. Global Market (US$ Million)
    4.2. Market Opportunity Assessment (US$ Million)
        4.2.1. Total Available Market
        4.2.2. Serviceable Addressable Market
        4.2.3. Serviceable Obtainable Market
    4.3. Market Scenario Forecast
        4.3.1. Demand in Optimistic Scenario
        4.3.2. Demand in Likely Scenario
        4.3.3. Demand in Conservative Scenario
    4.4. Investment Feasibility Analysis
        4.4.1. Investment in Established Markets
            4.4.1.1. In Short Term
            4.4.1.2. In Long Term
        4.4.2. Investment in Emerging Markets
            4.4.2.1. In Short Term
            4.4.2.2. In Long Term
    4.5. Forecast Factors - Relevance & Impact
        4.5.1. Top Companies Historical Growth
        4.5.2. Global Market Growth
        4.5.3. Adoption Rate, By Country
    4.6. Market Dynamics
        4.6.1. Market Driving Factors and Impact Assessment
        4.6.2. Prominent Market Challenges and Impact Assessment
        4.6.3. Market Opportunities
        4.6.4. Prominent Trends in the Global Market & Their Impact Assessment
5. Key Success Factors
    5.1. Manufacturers’ Focus on Low Penetration High Growth Markets
    5.2. Banking on with Segments High Incremental Opportunity
    5.3. Peer Benchmarking
6. Global Market Demand Analysis 2015 to 2021 and Forecast, 2022 to 2032
    6.1. Historical Market Analysis, 2015 to 2021
    6.2. Current and Future Market Projections, 2022 to 2032
    6.3. Y-o-Y Growth Trend Analysis
7. Global Market Value Analysis 2015 to 2021 and Forecast, 2022 to 2032
    7.1. Historical Market Value (US$ Million) Analysis, 2015 to 2021
    7.2. Current and Future Market Value (US$ Million) Projections, 2022 to 2032
        7.2.1. Y-o-Y Growth Trend Analysis
        7.2.2. Absolute $ Opportunity Analysis
8. Global Market Analysis 2015 to 2021 and Forecast 2022 to 2032, By Product Type
    8.1. Introduction / Key Findings
    8.2. Historical Market Size (US$ Million) Analysis By Product Type, 2015 to 2021
    8.3. Current and Future Market Size (US$ Million) Analysis and Forecast By Product Type, 2022 to 2032
        8.3.1. B2B
        8.3.2. B2C Remote Payment
        8.3.3. B2C POS
    8.4. Market Attractiveness Analysis By Product Type
9. Global Market Analysis 2015 to 2021 and Forecast 2022 to 2032, By End User
    9.1. Introduction / Key Findings
    9.2. Historical Market Size (US$ Million) Analysis By End User, 2015 to 2021
    9.3. Current and Future Market Size (US$ Million) Analysis and Forecast By End User, 2022 to 2032
        9.3.1. Consumer Use
        9.3.2. Business Use
        9.3.3. Others
    9.4. Market Attractiveness Analysis By End User
10. Global Market Analysis 2015 to 2021 and Forecast 2022 to 2032, By Region
    10.1. Introduction
    10.2. Historical Market Size (US$ Million) Analysis By Region, 2015 to 2021
    10.3. Current Market Size (US$ Million) & Analysis and Forecast By Region, 2022 to 2032
        10.3.1. North America
        10.3.2. Latin America
        10.3.3. Europe
        10.3.4. Asia Pacific
        10.3.5. Middle East and Africa (MEA)
    10.4. Market Attractiveness Analysis By Region
11. North America Market Analysis 2015 to 2021 and Forecast 2022 to 2032
    11.1. Introduction
    11.2. Pricing Analysis
    11.3. Historical Market Value (US$ Million) Trend Analysis By Market Taxonomy, 2015 to 2021
    11.4. Market Value (US$ Million) & Forecast By Market Taxonomy, 2022 to 2032
        11.4.1. By Country
            11.4.1.1. United States of America
            11.4.1.2. Canada
            11.4.1.3. Rest of North America
        11.4.2. By Product Type
        11.4.3. By End User
    11.5. Market Attractiveness Analysis
        11.5.1. By Country
        11.5.2. By Product Type
        11.5.3. By End User
12. Latin America Market Analysis 2015 to 2021 and Forecast 2022 to 2032
    12.1. Introduction
    12.2. Pricing Analysis
    12.3. Historical Market Value (US$ Million) Trend Analysis By Market Taxonomy, 2015 to 2021
    12.4. Market Value (US$ Million) & Forecast By Market Taxonomy, 2022 to 2032
        12.4.1. By Country
            12.4.1.1. Brazil
            12.4.1.2. Mexico
            12.4.1.3. Rest of Latin America
        12.4.2. By Product Type
        12.4.3. By End User
    12.5. Market Attractiveness Analysis
        12.5.1. By Country
        12.5.2. By Product Type
        12.5.3. By End User
13. Europe Market Analysis 2015 to 2021 and Forecast 2022 to 2032
    13.1. Introduction
    13.2. Pricing Analysis
    13.3. Historical Market Value (US$ Million) Trend Analysis By Market Taxonomy, 2015 to 2021
    13.4. Market Value (US$ Million) & Forecast By Market Taxonomy, 2022 to 2032
        13.4.1. By Country
            13.4.1.1. Germany
            13.4.1.2. France
            13.4.1.3. United Kingdom
            13.4.1.4. Italy
            13.4.1.5. Benelux
            13.4.1.6. Nordic Countries
            13.4.1.7. Rest of Europe
        13.4.2. By Product Type
        13.4.3. By End User
    13.5. Market Attractiveness Analysis
        13.5.1. By Country
        13.5.2. By Product Type
        13.5.3. By End User
14. Asia Pacific Market Analysis 2015 to 2021 and Forecast 2022 to 2032
    14.1. Introduction
    14.2. Pricing Analysis
    14.3. Historical Market Value (US$ Million) Trend Analysis By Market Taxonomy, 2015 to 2021
    14.4. Market Value (US$ Million) & Forecast By Market Taxonomy, 2022 to 2032
        14.4.1. By Country
            14.4.1.1. China
            14.4.1.2. Japan
            14.4.1.3. South Korea
            14.4.1.4. Rest of Asia Pacific
        14.4.2. By Product Type
        14.4.3. By End User
    14.5. Market Attractiveness Analysis
        14.5.1. By Country
        14.5.2. By Product Type
        14.5.3. By End User
15. Middle East and Africa Market Analysis 2015 to 2021 and Forecast 2022 to 2032
    15.1. Introduction
    15.2. Pricing Analysis
    15.3. Historical Market Value (US$ Million) Trend Analysis By Market Taxonomy, 2015 to 2021
    15.4. Market Value (US$ Million) & Forecast By Market Taxonomy, 2022 to 2032
        15.4.1. By Country
            15.4.1.1. GCC Countries
            15.4.1.2. South Africa
            15.4.1.3. Turkey
            15.4.1.4. Rest of Middle East and Africa
        15.4.2. By Product Type
        15.4.3. By End User
    15.5. Market Attractiveness Analysis
        15.5.1. By Country
        15.5.2. By Product Type
        15.5.3. By End User
16. Key Countries Market Analysis 2015 to 2021 and Forecast 2022 to 2032
    16.1. Introduction
        16.1.1. Market Value Proportion Analysis, By Key Countries
        16.1.2. Global Vs. Country Growth Comparison
    16.2. US Market Analysis
        16.2.1. Value Proportion Analysis by Market Taxonomy
        16.2.2. Value & Analysis and Forecast by Market Taxonomy, 2015 to 2032
            16.2.2.1. By Product Type
            16.2.2.2. By End User
    16.3. Canada Market Analysis
        16.3.1. Value Proportion Analysis by Market Taxonomy
        16.3.2. Value & Analysis and Forecast by Market Taxonomy, 2015 to 2032
            16.3.2.1. By Product Type
            16.3.2.2. By End User
    16.4. Mexico Market Analysis
        16.4.1. Value Proportion Analysis by Market Taxonomy
        16.4.2. Value & Analysis and Forecast by Market Taxonomy, 2015 to 2032
            16.4.2.1. By Product Type
            16.4.2.2. By End User
    16.5. Brazil Market Analysis
        16.5.1. Value Proportion Analysis by Market Taxonomy
        16.5.2. Value & Analysis and Forecast by Market Taxonomy, 2015 to 2032
            16.5.2.1. By Product Type
            16.5.2.2. By End User
    16.6. Germany Market Analysis
        16.6.1. Value Proportion Analysis by Market Taxonomy
        16.6.2. Value & Analysis and Forecast by Market Taxonomy, 2015 to 2032
            16.6.2.1. By Product Type
            16.6.2.2. By End User
    16.7. France Market Analysis
        16.7.1. Value Proportion Analysis by Market Taxonomy
        16.7.2. Value & Analysis and Forecast by Market Taxonomy, 2015 to 2032
            16.7.2.1. By Product Type
            16.7.2.2. By End User
    16.8. Italy Market Analysis
        16.8.1. Value Proportion Analysis by Market Taxonomy
        16.8.2. Value & Analysis and Forecast by Market Taxonomy, 2015 to 2032
            16.8.2.1. By Product Type
            16.8.2.2. By End User
    16.9. BENELUX Market Analysis
        16.9.1. Value Proportion Analysis by Market Taxonomy
        16.9.2. Value & Analysis and Forecast by Market Taxonomy, 2015 to 2032
            16.9.2.1. By Product Type
            16.9.2.2. By End User
    16.10. United Kingdom Market Analysis
        16.10.1. Value Proportion Analysis by Market Taxonomy
        16.10.2. Value & Analysis and Forecast by Market Taxonomy, 2015 to 2032
            16.10.2.1. By Product Type
            16.10.2.2. By End User
    16.11. Nordic Countries Market Analysis
        16.11.1. Value Proportion Analysis by Market Taxonomy
        16.11.2. Value & Analysis and Forecast by Market Taxonomy, 2015 to 2032
            16.11.2.1. By Product Type
            16.11.2.2. By End User
    16.12. China Market Analysis
        16.12.1. Value Proportion Analysis by Market Taxonomy
        16.12.2. Value & Analysis and Forecast by Market Taxonomy, 2015 to 2032
            16.12.2.1. By Product Type
            16.12.2.2. By End User
    16.13. Japan Market Analysis
        16.13.1. Value Proportion Analysis by Market Taxonomy
        16.13.2. Value & Analysis and Forecast by Market Taxonomy, 2015 to 2032
            16.13.2.1. By Product Type
            16.13.2.2. By End User
    16.14. South Korea Market Analysis
        16.14.1. Value Proportion Analysis by Market Taxonomy
        16.14.2. Value & Analysis and Forecast by Market Taxonomy, 2015 to 2032
            16.14.2.1. By Product Type
            16.14.2.2. By End User
    16.15. GCC Countries Market Analysis
        16.15.1. Value Proportion Analysis by Market Taxonomy
        16.15.2. Value & Analysis and Forecast by Market Taxonomy, 2015 to 2032
            16.15.2.1. By Product Type
            16.15.2.2. By End User
    16.16. South Africa Market Analysis
        16.16.1. Value Proportion Analysis by Market Taxonomy
        16.16.2. Value & Analysis and Forecast by Market Taxonomy, 2015 to 2032
            16.16.2.1. By Product Type
            16.16.2.2. By End User
    16.17. Turkey Market Analysis
        16.17.1. Value Proportion Analysis by Market Taxonomy
        16.17.2. Value & Analysis and Forecast by Market Taxonomy, 2015 to 2032
            16.17.2.1. By Product Type
            16.17.2.2. By End User
        16.17.3. Competition Landscape and Player Concentration in the Country
17. Market Structure Analysis
    17.1. Market Analysis by Tier of Companies
    17.2. Market Concentration
    17.3. Market Share Analysis of Top Players
    17.4. Market Presence Analysis
        17.4.1. By Regional Footprint of Players
        17.4.2. Product Footprint by Players
18. Competition Analysis
    18.1. Competition Dashboard
    18.2. Competition Benchmarking
    18.3. Competition Deep Dive
        18.3.1. Skrill
            18.3.1.1. Overview
            18.3.1.2. Product Portfolio
            18.3.1.3. Sales Footprint
            18.3.1.4. Strategy Overview
        18.3.2. Stripe
            18.3.2.1. Overview
            18.3.2.2. Product Portfolio
            18.3.2.3. Sales Footprint
            18.3.2.4. Strategy Overview
        18.3.3. WEX Inc.
            18.3.3.1. Overview
            18.3.3.2. Product Portfolio
            18.3.3.3. Sales Footprint
            18.3.3.4. Strategy Overview
        18.3.4. Billtrust, Inc
            18.3.4.1. Overview
            18.3.4.2. Product Portfolio
            18.3.4.3. Sales Footprint
            18.3.4.4. Strategy Overview
        18.3.5. Cryptopay, LLC
            18.3.5.1. Overview
            18.3.5.2. Product Portfolio
            18.3.5.3. Sales Footprint
            18.3.5.4. Strategy Overview
        18.3.6. Freedom Holdings Limited
            18.3.6.1. Overview
            18.3.6.2. Product Portfolio
            18.3.6.3. Sales Footprint
            18.3.6.4. Strategy Overview
        18.3.7. JP Morgan Chase
            18.3.7.1. Overview
            18.3.7.2. Product Portfolio
            18.3.7.3. Sales Footprint
            18.3.7.4. Strategy Overview
        18.3.8. Marqeta Inc
            18.3.8.1. Overview
            18.3.8.2. Product Portfolio
            18.3.8.3. Sales Footprint
            18.3.8.4. Strategy Overview
        18.3.9. Mastercard Incorporated
            18.3.9.1. Overview
            18.3.9.2. Product Portfolio
            18.3.9.3. Sales Footprint
            18.3.9.4. Strategy Overview
        18.3.10. MineralTree, Inc.
            18.3.10.1. Overview
            18.3.10.2. Product Portfolio
            18.3.10.3. Sales Footprint
            18.3.10.4. Strategy Overview
19. Assumptions and Acronyms Used
20. Research Methodology

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