Sales of Virtual Cards Market in 2021 had Reached $338 Bn and is Predicted to Reach a Worth of US$ 1.3 Tn by 2032, with a CAGR of 12.2% | Future Market Insights, Inc. - GlobeNewswire

NEWARK, Del, Nov. 03, 2022 (GLOBE NEWSWIRE) -- The Virtual Cards Market revenues were estimated astatine US$ 338 Bn successful 2021 and is anticipated to turn astatine a CAGR of 12.2% from 2022-2032, according to a precocious published Future Market Insights report. By the extremity of 2032, the marketplace is expected to scope a valuation of US$ 1.3 Tn.

The request for virtual cards is expanding arsenic much radical usage integer platforms and online outgo methods. Furthermore, virtual cards are captious for facilitating B2B payments. Business resources tin beryllium accessed from anyplace and astatine immoderate clip owed to their greater flexibility and simplicity. They besides supply a dependable and scalable trader outgo system, chiefly for planetary transactions.

Retailers are adopting outgo processing technologies to connection customers flawless checkout experiences arsenic their penchant for online buying grows passim the world. Payment gateway systems are successful precocious request among retailers since they marque payments much convenient. Payment gateways are besides utilized for in-store purchases, allowing customers to wage with their cellphones oregon implicit the internet.

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One of the astir inherent benefits of virtual cards is their quality to supply further security. Virtual cards, dissimilar existent cards, cannot beryllium reported stolen. Individuals and corporations person recovered virtual cards to beryllium an due outgo instrumentality for completing harmless transactions portion besides improving expenditure visibility and transparency.

Large retail shops are progressively requesting integer outgo solutions to let their consumers to execute transactions portion preserving societal distance. Retailers employment integer outgo methods including astute banking cards, point-of-sale systems, and e-wallets to shorten checkout times. At the aforesaid time, businesses are moving connected offering customers caller outgo options.

Competitive Landscape
The starring players successful the planetary Virtual Cards marketplace are BTRS Holdings, Inc.; Fraedom Holdings Limited; JPMorgan Chase & Co.; Marqeta, Inc.; Mastercard; and Skrill USA, Inc.

• In October 2020, Aliant Payments announced the enlargement of XRP, an open-source alternate integer asset, to its CryptoBucks crypto outgo telephone app enabled by Aliant Payments. XPR would beryllium accessible arsenic a mobile app including some Android and iOS.
  
• In July 2020, ParkMobile, a parking solutions company, announced an statement with EasyPark, a facilities services company. The erstwhile steadfast facilitated contactless payments crossed Vancouver arsenic a effect of this collaboration.
  

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Market Segments Covered In Virtual Cards Market Analysis

By Product Type:

• B2B Virtual Cards
• B2C Remote Payment Virtual Cards
• B2C POS Virtual Cards
  

By End Use:

• Consumer Use
• Business Use
• Others
  

By Region:

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

Table of Content

1. Executive Summary

    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 connected Virtual Cards Demand

        3.1.2. COVID-19 Impact Benchmark with Previous Crisis

        3.1.3. Impact connected Market Value (US$ Mn)

        3.1.4. Assessment by Key Countries

        3.1.5. Assessment by Key Market Segments

        3.1.6. Action Points and Recommendation for Suppliers

View Full Report@ https://www.futuremarketinsights.com/reports/virtual-cards-market

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