The Report Covers US Virtual Cards Market Size and it is segmented By Product Type (B2B Virtual Cards, B2C Remote Payment Virtual Cards and B2C POS Virtual Cards) and By End-User (Consumer Use and Business Use)

The global Virtual Payment (POS) Terminals market was valued at USD 32.97 billion in 2021 and is expected to grow at a CAGR of 22.3% during the forecast period.

The global digital payment market is projected to grow from $127.8 billion in 2024 to $726.6 billion by 2035, representing a CAGR of 17.10% during the forecast period 2024-2035

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Virtual Cards Market Size 2025-2029

The virtual cards market size is forecast to increase by USD 428.6 billion at a CAGR of 17.1% between 2024 and 2029.

The global virtual cards market is expanding steadily, driven by the growing shift toward digital payments and advancements in financial technology. Key factors include changing consumer behavior, with a preference for secure, contactless transactions, and innovations like AI and blockchain, which enhance security and efficiency for businesses and individuals in sectors such as e-commerce, BFSI, and healthcare. Virtual cards offer enhanced security features, such as tokenization and real-time transaction monitoring, making them an attractive alternative to traditional payment methods.
This report provides a detailed overview of the global virtual cards market, including market size, growth forecasts, and key segments like B2B virtual cards, B2C remote payment, and B2C POS solutions. It offers practical insights for business strategy, client engagement, and operational improvements. A notable trend is the integration of virtual cards with mobile wallets, streamlining payments across platforms. One significant challenge addressed is the high cost of technological investment, which can limit adoption for smaller firms. The report also covers regional dynamics, highlighting opportunities in North America, Europe, APAC, and other key markets.
For businesses aiming to stay competitive in a fast-evolving global landscape, this report delivers essential data and analysis to capitalize on digital payment trends and address implementation hurdles, ensuring they remain leaders in the virtual cards industry.

What will be the Virtual Cards Market Size During the Forecast Period?

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The market is witnessing significant growth due to the increasing trend of digital transactions. The Mastercard Payment Index reports that electronic payments accounted for over 50% of all transactions in 2020. Virtual cards, as a contactless payment solution, offer cutting-edge features such as biometrics, tokenization, and QR code scanning, enhancing user experience. Digital currencies and virtual banks are also driving the adoption of these cards for online purchases. However, the market faces challenges such as fraud and data leakage. To mitigate these risks, virtual card systems incorporate advanced security measures like encryption and multi-factor authentication. Incorrect labels and low-quality products are other challenges in the market.



Furthermore, fintech firms are addressing these issues by offering high-quality virtual cards with improved user interfaces and seamless integration with electronic payment systems. ACH payments and e-commerce fraud are other areas of concern, necessitating continuous innovation in virtual card technology. Smartphones have become the preferred device for digital transactions, making these cards an essential component of the electronic payment ecosystem. The market is expected to grow further as more businesses adopt virtual card solutions to streamline their payment processes and improve customer satisfaction.

How is this market segmented and which is the largest segment?

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Product

  B2B virtual cards
  B2C remote payment virtual cards
  B2C POS virtual cards


Service

  Business use
  Consumer use


Geography

  North America

    Canada
    US


  Europe

    Germany


  APAC

    China
    Japan


  South America



  Middle East and Africa

By Product Insights

The B2B virtual cards segment is estimated to witness significant growth during the forecast period. The market is experiencing significant growth due to the increasing trend of digital transactions and the adoption of advanced payment technology. The market is segmented into business use and consumer use, with the business use segment dominating in terms of value and size. This is largely due to the rise in real-time digital disbursements in mobile platforms, driven by the increased penetration of the Internet and 5G/4G technology. They offer cutting-edge features such as QR code payments, touchless payments, and ACH payments, making them a preferred choice for online purchases.

Furthermore, the credit card and debit card segments are also adopting these cards to offer contactless payment solutions and improve user experience. Fintech firms and virtual banks are also entering the market, offering innovative solutions and challenging traditional banking institutions. However, the market also faces challenges such as fraud, data leakage, and e-commerce fraud. To address these concerns, payment technology companies are focusing on impl

The Report Covers Global Virtual Cards Trends and is Segmented by Product Type (B2B Virtual Cards, B2c Remote Payment Virtual Cards, B2c POS Virtual Cards), By End User (Consumer Use, Business Use), And by Regions (North America, South America, Europe, Asia Pacific, Middle East & Africa). The Report Offers Market Size and Forecasts for the Virtual Cards Market in Terms of Revenue (USD) for all the Above Segments.

The global Virtual Payment (POS) Terminals market size is expected to reach USD 176.52 Billion by 2030 according to a new study by Polaris Market Research.

In January 2025, PayPal continued to dominate the market for online payment processing technologies worldwide, holding a market share of 45 percent. Coming in second place was Stripe with a market share of approximately 17 percent. This according to a ranking that measured the use of these payment methods on the web domains of companies worldwide. The source, however, does not define from which countries these companies are. PayPal leads the race PayPal is a leading global digital payment provider that enables users to make online, mobile, and peer-to-peer payments. It is a popular payment method for digital purchases on e-commerce sites such as eBay and Amazon. In 2020 and 2021, PayPal reported its strongest revenue growth, increasing by over 20 percent year-on-year, largely due to the COVID-19 pandemic. According to Statista's Global Consumer Survey figures, PayPal adoption in 2022 was high in countries like Germany, the United Kingdom, Australia, and Austria. Future of digital payments The payments industry is undergoing significant changes due to new regulations and the Fintech revolution. Innovative solutions from Fintech companies are challenging traditional banks and card networks to adapt and remain relevant. To stay significant, they must provide digital payment solutions, personalized customer service, and collaborate with other banks and Fintech companies to create new revenue streams. The focus is on real-time, low-value, high-volume payments for peer-to-peer, e-commerce, and m-commerce (mobile e-commerce).

Market Overview The Virtual Payment POS Terminals market is projected to expand at a CAGR of 8.99% from 2023 to 2033, reaching a market size of USD 20.04 Billion by 2033. The growth can be attributed to the rise of e-commerce, the increasing adoption of contactless payments, and the growing demand for mobile payment solutions. North America and Europe are expected to remain the largest markets, while Asia Pacific is expected to witness significant growth due to the rapid adoption of digital payments in the region. Major players in the market include Poynt, Intuit, NCR Corporation, Clover Network, and Square. Key Drivers and Trends The key drivers of the Virtual Payment POS Terminals market include the increasing adoption of contactless payments, the growing demand for mobile payment solutions, and the rising popularity of e-commerce. Moreover, the increasing need for secure and convenient payment solutions is further driving the market growth. Key trends in the market include the integration of advanced technologies such as EMV and NFC into POS terminals, the increasing adoption of cloud-based POS systems, and the growing demand for omnichannel payment solutions. Key drivers for this market are: 1 Growing adoption of mobile payments and digital wallets 2 Increasing demand for secure and convenient payment solutions 3 Proliferation of ecommerce and m-commerce4 Government initiatives to promote digital payments5 Expansion into emerging markets. Potential restraints include: Growth of ecommerce Increasing adoption of POS systems Rising demand for contactless payments Government initiatives Technological advancements.

Global Online Payment market size 2025 was XX Million. Online Payment Industry compound annual growth rate (CAGR) will be XX% from 2025 till 2033.

The Report Covers Virtual Credit Card Market in Europe and it is segmented by Product type (B2B Virtual cards, B2C Remote payments virtual cards, and B2C POC virtual cards), by end-user (Consumer use and Business use), and by Country (United Kingdom, Germany, Switzerland, France, Italy, Spain and Rest of Europe).

The global virtual cards market is experiencing robust growth, projected to reach a market size of $356.62 billion in 2025 and maintain a Compound Annual Growth Rate (CAGR) of 17.1% from 2025 to 2033. This expansion is fueled by several key drivers. The increasing adoption of digital payment methods across both business-to-business (B2B) and business-to-consumer (B2C) transactions is a primary catalyst. Furthermore, the rising demand for enhanced security features, streamlined payment processes, and improved expense management solutions are driving significant market uptake. The market is segmented into B2B virtual cards (used for vendor payments, employee reimbursements, and travel expenses), B2C remote payment virtual cards (utilized for online shopping and bill payments), and B2C POS virtual cards (employed for in-store contactless payments). The service segment is split between business use (focused on efficiency and security) and consumer use (emphasizing convenience and control). Competitive intensity is high, with leading companies vying for market share through strategic partnerships, technological innovation, and expansion into new geographic regions. North America and Europe currently hold substantial market shares, but the Asia-Pacific region is anticipated to experience the fastest growth due to increasing digitalization and rising smartphone penetration. Challenges remain, including concerns over security vulnerabilities and the need for greater regulatory clarity in certain regions. However, ongoing technological advancements and the sustained shift towards digital payments are expected to overcome these hurdles and fuel continued market expansion. The market's historical period (2019-2024) indicates a strong upward trajectory, laying a solid foundation for the projected future growth. While precise figures for past years aren't available, the consistent CAGR and identified drivers strongly suggest consistent and significant market expansion. The competitive landscape is marked by a blend of established players and innovative startups, each employing distinct strategies to capture market share. Future growth will likely be influenced by factors such as the increasing integration of virtual cards with other fintech solutions, the development of more sophisticated fraud prevention mechanisms, and the adoption of virtual cards by smaller businesses and consumers in emerging markets. The continued evolution of mobile payment technologies will also play a critical role in shaping the market's future.

The European virtual visa card market is experiencing robust growth, fueled by the increasing adoption of digital payment solutions and the expansion of e-commerce. The market, a significant segment of the global virtual card market valued at $51.84 billion in 2025 with a 20% CAGR, is projected to experience substantial expansion through 2033. Several factors contribute to this growth. Firstly, the rising popularity of online shopping and digital transactions across all demographics, coupled with the enhanced security and convenience offered by virtual cards, is driving adoption. Secondly, the proliferation of fintech companies offering innovative virtual card solutions, targeting both B2B and B2C segments, fuels competition and innovation. This includes players like Revolut, Klarna, and Bunq catering to consumer needs, while companies like Qonto and Stripe provide solutions for businesses. Finally, the supportive regulatory environment in many European countries is fostering a favorable environment for market expansion. The market is segmented by product type (B2B virtual cards, B2C remote payments virtual cards, B2C point-of-care virtual cards) and end-user (consumer and business use). While precise market share data for Europe within the global figure is unavailable, a reasonable estimate based on the global market size and considering Europe's significant digital economy suggests that Europe holds a substantial share (estimated at 25-30%). The growth trajectory is projected to be influenced by factors like increasing smartphone penetration, improved internet infrastructure, and further development of secure payment gateways. However, potential challenges exist. Concerns regarding data security and fraud remain, requiring robust security measures. Furthermore, regulatory changes across different European countries could impact market growth. Nevertheless, the overall outlook for the European virtual visa card market remains optimistic, with continued expansion anticipated throughout the forecast period. The focus on innovative features such as enhanced security protocols, personalized spending controls, and seamless integration with other financial services will be key differentiators driving further market penetration. Key players will likely focus on strategic partnerships, product diversification, and targeted marketing to consolidate their market share. This report provides a detailed analysis of the dynamic Virtual Visa Card market in Europe, covering the period from 2019 to 2033. With a focus on the estimated year 2025 and a forecast period spanning 2025-2033, this in-depth study explores market size (in millions), key trends, leading players, and future growth prospects within the European Union. The report leverages extensive primary and secondary research to offer actionable insights for businesses operating in or planning to enter this rapidly evolving market. Search terms such as virtual credit card Europe, virtual visa card market, B2B virtual cards Europe, and digital payment solutions Europe are incorporated throughout the report to optimize its visibility in search engine results. Recent developments include: In September 2023, Lloyds Bank launched a new virtual card for its businesses in partnership with Visa. The virtual card payment service will be available to Lloyds customers and is designed for users to control and track spending with the simplification of the payment process. Visa Commercial Pay exists as a virtual payment solution providing the technology to help businesses simplify and streamline their payments in a secure and controlled way., In September 2023, Wallester which operates in virtual card solutions partnered with Transferra which exists as a fintech provider in Europe. The partnership will be expanding Wallester's virtual card business in the European region and make its transactions more secure.. Key drivers for this market are: Rising in Adoption of Digital Payment Method, Increase in Adoption of Virtual Card Payments by E-Commerce Business. Potential restraints include: Rising in Adoption of Digital Payment Method, Increase in Adoption of Virtual Card Payments by E-Commerce Business. Notable trends are: Rising Digital Payment.

The Report Covers Electronic Payments Industry Analysis and is Segmented by Mode of Payment (Point of Sale and Online Sale), End-User Industry (Retail, Entertainment, Healthcare, Hospitality), and Geography (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

The size of the Virtual Cards Industry market was valued at USD 319.20 Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 12.00">> 12.00% during the forecast period. The virtual cards industry refers to the sector that provides digital payment solutions in the form of virtual cards, which function like traditional physical debit or credit cards but exist only in electronic format. Virtual cards are typically issued by banks, fintech companies, or payment service providers, and are designed to enhance the security, convenience, and flexibility of online transactions. They include a unique 16-digit card number, expiration date, and security code (CVV) that can be used for online purchases or recurring payments, without the need for a physical card. These cards are often time-bound or single-use, reducing the risk of fraud as the card details become invalid after use. The rise of e-commerce, contactless payments, and growing concerns over cyber threats have fueled the demand for virtual cards globally. They are popular among businesses for managing expenses, controlling spending limits, and tracking payments, as well as with individual consumers for secure, one-time transactions. Virtual cards provide an extra layer of security because sensitive information, such as the actual cardholder's data, is not shared during transactions. Recent developments include: December 2023: Conferma Pay and Mastercard expanded their partnership to enable mobile virtual card payments. Mastercard’s commercial bank clients were expected to be able to offer the convenience of contactless virtual card payments to their corporate customers using Conferma Pay., May 2022: Mastercard and fintech giant OPay announced a strategic partnership for broader financial inclusion and economic prosperity by opening digital commerce to millions across the Middle East and Africa.. Key drivers for this market are: Digital Transformation is Driving the Market. Potential restraints include: Connectivity and Technical Issues is Restraining the Market. Notable trends are: Increasing Online Transactions is Augmenting the Virtual Cards Market in Asia-Pacific.

The global virtual payment (POS) terminals market value reached USD 20.26 billion in 2024. The industry is further expected to grow in the forecast period of 2025-2034 at a CAGR of 30.3% to reach USD 219.22 billion by 2034.

Payment Processing Software Market Size And Forecast

Payment Processing Software Market size was valued at USD 67294.31 Million in 2024 and is projected to reach USD 148501.53 Million by 2031, growing at a CAGR of 10.40% from 2024 to 2031.

Global Payment Processing Software Market Drivers

The market drivers for the Payment Processing Software Market can be influenced by various factors. These may include:

E-commerce Growth: A key factor pushing payment processing software is the exponential increase of e-commerce activities worldwide. The need for safe, effective, and smooth payment options to enable transactions is growing as more companies go online.

Digitalization and Mobile Payments: Mobile wallets, NFC payments, and QR code payments are just a few of the digital payment methods that payment processing software supporting as smartphones proliferate and people choose to pay with them.

Convenience, speed, and hygiene concerns: particularly in the wake of the COVID-19 pandemic—are driving the growth of contactless payment options. Software for processing payments that permits contactless transactions is highly sought after.

Globalisation and Cross-Border Transactions: Internationally operating companies need payment processing systems that can effectively manage cross-border transactions while guaranteeing regulatory compliance and smoothly handling currency conversion.

Payment processing systems’ security: is receiving more attention as cyber dangers keep developing. Businesses that want to safeguard private financial information must use payment processing software with strong security features including tokenization, encryption, and sophisticated fraud detection algorithms.

PCI DSS (Payment Card Industry Data Security Standard) and GDPR (General Data Protection Regulation): are two examples of the several regulatory standards and compliance criteria that the payment processing sector must adhere to. Highly prized payment processing software assists companies in following these rules and guidelines.

Integration with other Systems: In order to improve productivity and streamline operations, companies are looking more and more for payment processing solutions that can easily interface with other software systems, such inventory management systems, accounting software, and customer relationship management (CRM) platforms.

Increase of Recurring and Subscription Payments: Subscription-based business models are spreading over a number of sectors. Supporting subscription management and recurring billing, payment processing software is in high demand to provide various payment options.

Emergence of Blockchain and Cryptocurrency: The payment processing environment is being affected by the growth of blockchain technology and cryptocurrencies. To meet the increasing need for alternate payment options, several payment processing software companies are investigating blockchain-based solutions and include cryptocurrency support.

Customer Convenience and Experience: Companies want to give their clients a smooth and easy payment process in the end. Fast transaction processing times, a variety of payment methods supported, and user-friendly interfaces are all features of payment processing software that help to improve customer happiness and loyalty.

The report covers France Payment Companies and the market is Segmented by Mode of Payment (Point of Sale (Card Payments, Digital Wallet, Cash), Online Sale (Card Payments, Digital Wallet)), and by End-User Industries (Retail, Entertainment, Healthcare, Hospitality). The Market Sizes and Forecasts are Provided in Terms of Value (USD).

The Virtual Payment (POS) Terminals Market is projected to grow at 35.5% CAGR, reaching $79.1 Billion by 2029. Where is the industry heading next? Get the sample report now!

The Report Covers Mobile Payment Technologies Market Forecast and is Segmented by Payment Type (NFC, QR Based, Online Digital Payments, Text-Based), and Geography (North America, Europe, Asia Pacific, Latin America, Middle East & Africa). The Report Offers Market Forecasts and Size in Value (USD) for all the Above Segments.

The report covers China Payment Industry Statistics and it is segmented by Mode of Payment (Point of Sale (Card Payments, Digital Wallet, Cash), Online Sale (Card Payments, Digital Wallet)), and by End-user Industries (Retail, Entertainment, Healthcare, Hospitality). The market size and forecasts are provided in terms of value (USD million) for all the above segments.