Mordor Intelligence has published a new report on the Virtual Cards Market, offering a comprehensive analysis of trends, growth drivers, and future projections.
-- Virtual Cards Market Outlook
According to Mordor Intelligence, the virtual cards market size is projected to reach USD 14.32 trillion by 2030, up from USD 5.42 trillion in 2025, growing at a strong 21.45% CAGR. This growth is driven by the surge in B2B automation, e-commerce transactions, and policies supporting cash-lite economies. Businesses are increasingly adopting single-use virtual numbers for secure and seamless payments, while merchants gain from faster settlements and detailed transaction insights. With the rise of embedded-finance APIs, software providers can issue virtual cards instantly, and technologies like tokenization and biometric authentication are expanding their use from online to in-store payments, enhancing both reach and security.
Key Trends in the Virtual Cards Market
1. B2B and Corporate Adoption
Businesses are adopting virtual cards over checks and physical cards, using single-use numbers to streamline accounts payable, reduce reconciliation time, minimize fraud, and manage expenses efficiently.
2. E-commerce and Consumer Payments
The rise of online shopping boosts virtual card adoption for digital payments, offering masked credentials, instant deactivation, and push-to-wallet features for safer, more convenient transactions.
3. Regulatory and Security Enhancements
Supportive cash-lite regulations, open banking, and digital identity initiatives enable real-time settlements and API-based virtual cards, offering fraud protection through dynamic expiration, merchant restrictions, and transaction limits.
4. Technology Integration and Innovation
Integrating virtual cards with embedded-finance APIs lets SaaS platforms issue cards instantly, enhancing efficiency, creating revenue, while tokenization and biometrics expand secure in-store and IoT payment usage.
Check out more details and stay updated with the latest industry trends, including the Japanese version for localized insights: https://www.mordorintelligence.com/ja/industry-reports/virtual-cards-market?utm_source=marketersmedia
Segmentation of the Virtual Cards Market
By Use:
- Single-Use
- Multi-Use
By Payment Type:
- Remote Payments
- POS Payments
By End User:
- Consumer
- Business
By Card Type:
- Virtual Debit Card
- Virtual Credit Card
- Virtual Prepaid Card
By Region:
- North America: United States, Canada, Mexico
- South America: Brazil, Argentina, Chile, Peru, Rest of South America
- Europe: United Kingdom, Germany, France, Spain, Italy, Benelux (Belgium, Netherlands, Luxembourg), Nordics (Sweden, Norway, Denmark, Finland, Iceland), Rest of Europe
- Asia-Pacific: China, India, Japan, South Korea, Australia, South-East Asia (Singapore, Indonesia, Malaysia, Thailand, Vietnam, Philippines), Rest of Asia-Pacific
- Middle East and Africa: United Arab Emirates, Saudi Arabia, South Africa, Nigeria, Rest of Middle East and Africa
Key Players in the Virtual Cards Market
- American Express Company: Offers virtual card solutions integrated with corporate platforms to enhance payment security and streamline B2B transactions.
- JPMorgan Chase & Co.: Provides virtual card services for businesses, focusing on automated accounts payable and fraud reduction.
- Mastercard Incorporated: Develops virtual card programs for secure digital and e-commerce payments globally.
- Visa Inc.: Enables virtual card issuance for consumers and businesses, supporting tokenization and digital wallet integration.
- Marqeta Inc.: Specializes in modern card issuing platforms, including virtual cards for businesses and fintech applications.
Explore more insights on the virtual cards market competitive landscape: https://www.mordorintelligence.com/industry-reports/virtual-cards-market/companies?utm_source=marketersmedia
Conclusion
The Virtual Cards Market continues to gain momentum with the rising adoption of digital payment solutions across B2B automation, e-commerce, and secure transaction systems. As market participants emphasize tokenization, fraud prevention, and seamless API integration, virtual cards are emerging as a critical element in modern financial operations. The growing significance of this market highlights its importance for investment decisions, strategic planning, and operational efficiency.
Get the latest industry insights on the virtual cards market: https://www.mordorintelligence.com/industry-reports/virtual-cards-market?utm_source=marketersmedia
Industry Related Reports:
US Virtual Cards Market
The US Virtual Cards Market is projected to grow at a CAGR of over 6% during the forecast period. Growth is driven by increasing adoption of digital payments in B2B transactions and rising demand for secure, efficient virtual payment solutions across corporate and consumer segments.
Get more insights: https://www.mordorintelligence.com/industry-reports/us-virtual-cards-market?utm_source=marketersmedia
UK Virtual Cards Market
The UK Virtual Cards Market is valued at USD 240.39 billion in 2025 and is expected to reach USD 542.32 billion by 2030, growing at a CAGR of 17.67%. The market expansion is driven by increasing e-commerce transactions and rising adoption of virtual cards for secure, streamlined B2B and consumer payments.
Get more insights: https://www.mordorintelligence.com/industry-reports/uk-virtual-cards-market?utm_source=marketersmedia
Europe Virtual Cards Market
The Europe Virtual Cards Market reached USD 1.13 trillion in 2025 and is projected to grow to USD 2.62 trillion by 2030, registering a CAGR of 18.33%. The market growth is supported by increasing digital payment adoption, regulatory support for cash-lite economies, and rising demand for secure, efficient B2B and consumer payment solutions.
Get more insights: https://www.mordorintelligence.com/industry-reports/europe-virtual-cards-market?utm_source=marketersmedia
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