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Global Virtual Cards Market: 2025-2029 Full Research Suite

Publisher Juniper Research
Published Mar 10, 2025
Length 107 Pages
SKU # JNRH19878048

Description

Our Virtual Cards research suite provides a comprehensive and in-depth analysis of the role of virtual cards in the digital payments landscape; enabling stakeholders such as businesses, financial institutions, card networks and fintechs to understand future growth, key trends and the competitive environment. The report evaluates the features of virtual cards, highlights key market trends, and examines regional progress in virtual card adoption.

The suite includes several different options that can be purchased separately, including access to data mapping the future growth of virtual cards, an insightful study uncovering the latest trends and opportunities within the financial markets, and a document containing extensive analysis of the 18 market leaders facilitating virtual card provision. The coverage can also be purchased as a Full Research Suite, containing all these elements, at a substantial discount.

This report serves as an essential resource for understanding the rapidly evolving virtual cards market, empowering stakeholders to shape effective future strategies. With its comprehensive insights and extensive coverage, this research suite is an invaluable tool for navigating and planning in a fast-growing landscape.

Please note: the online download version of this report is for a global site license.

Table of Contents

107 Pages
1. Market Summary
1.1 Key Takeaways
1.1.1 B2B Payments and Healthcare Industry are Significant Markets
1.1.2 Mid-market Businesses are a Key Focus
1.1.3 Virtual Cards Face Strong Competition from Other Payment Methods
1.2 Strategic Recommendations
1.2.1 Virtual Card Vendors Should Partner with Telecoms Companies to Expand Reach
1.2.2 Integrate Carbon Tracking Software
1.2.3 Provide an End-to-end Experience for Businesses
2. Market Summary
2.1.1 Introduction
2.1.2 Key Features of Virtual Cards
Figure 2.1: Key Features of Virtual Cards
2.1.3 Key Actors Involved in Virtual Cards
2.1.4 Token Service Provisioning: Digital Cards
2.1.5 Virtual vs Physical Cards
Figure 2.2: Virtual vs Physical Card Differences
2.2 Key Trends
2.2.1 Apple Cash
Figure 2.3: Apple Cash
2.2.2 Tokenisation Blurs the Line Between Virtual and Physical Cards
2.2.3 Easy Integration Simplifies Institutional Adoption of Virtual Cards
2.2.4 How Will Other Payment Methods Challenge Virtual Cards?
i. A2A payments
ii. Cash
iii. Mobile Money
3. Sector Analysis
3.1 B2B Sector Analysis
Figure 3.1: B2B Use Cases for Virtual Cards
3.1.1 Travel & Expense
3.1.2 Supply Chain
3.1.3 Fleet
3.1.4 Healthcare
3.1.5 Gig Economy
3.1.6 Real Estate
3.1.7 Travel Agencies
3.1.8 Government
3.1.9 Payroll
3.1.10 Consumer Sector
i. Energy Bills & Utilities
ii. eCommerce
4. Country Readiness Index
4.1 Introduction to Country Readiness Index
Figure 4.1: Virtual Cards Country Readiness Index: Regional Definitions
Figure 4.2: Juniper Research Country Readiness Scoring Index: Virtual Cards
Figure 4.3: Juniper Research Country Readiness Index: Virtual Cards
Figure 4.4: Virtual Cards Country Readiness Index: Market Segments
4.2 Focus Market
i. Strong B2B Sectors
Figure 4.5: Total Virtual Card Transactions (m), Split by Seven Key Focus Markets,
2025-2029
ii. The US: Focus Market
iii. Focus Market: India
4.3 Growth Markets
Figure 4.6: Total Virtual Card Transactions (m), Split by Growth Markets, 2025-
2029
i. Development in Digital & Physical Infrastructure
4.4 Saturated Markets
Figure 4.7: Total Virtual Card Transactions (m), Split by Eight Key Saturated
Markets, 2025-2029
i. Entrenched Competition from Instant Payment Services
ii. Pockets of Growth
4.5 Developing Markets
Figure 4.8: Total Virtual Card Transactions (m), Split by Key Developing Markets,
2025-2029
i. Low Investment in Payments Innovations
ii. Prevalence of Mobile Money
Table 4.9: Juniper Research’s Country Readiness Index Heatmap: North America
Table 4.10: Juniper Research’s Country Readiness Index Heatmap: Latin America
Table 4.11: Juniper Research’s Country Readiness Index Heatmap: West Europe
Table 4.12: Juniper Research’s Country Readiness Index Heatmap: Central &
Eastern Europe
Table 4.13: Juniper Research’s Country Readiness Index Heatmap: Far East &
China
Figure 4.14: Juniper Research’s Country Readiness Index Heatmap: Indian
Subcontinent
Figure 4.15: Juniper Research’s Country Readiness Index Heatmap: Rest of Asia
Pacific
Table 4.16: Juniper Research’s Country Readiness Index Heatmap: Africa &
Middle East
1. Competitor Leaderboard
1.1 Why Read This Report
Figure 1.1: Juniper Research Competitor Leaderboard Vendors: Virtual Cards
Figure 1.2: Juniper Research Competitor Leaderboard: Virtual Cards
Figure 1.3: Juniper Research Competitor Leaderboard: Virtual Card Vendor Ranking
Table 1.4: Juniper Research Competitor Leaderboard Virtual Cards – Heatmap ..
2. Company Profiles
2.1 Virtual Card Vendor Profiles
2.1.1 Adyen
i. Corporate
ii. Geographic Spread
iii. Key Clients & Strategic Partnerships
iv. High-level View of Offerings
v. Juniper Research’s View: Key Strengths and Strategic Development Opportunities
2.1.2 Airwallex
i. Corporate
ii. Geographical Spread
iii. Key Clients & Partnerships
iv. High-level View of Offerings
v. Juniper Research’s View: Key Strengths and Strategic Development Opportunities
2.1.3 American Express
i. Corporate
ii. Geographic Spread
iii. Key Clients & Partnerships
iv. High-level View of Offerings
v. Juniper Research’s View: Key Strengths & Strategic Development Opportunities
2.1.4 Conferma
i. Corporate
ii. Geographic Spread
iii. Key Clients & Strategic Partnerships
iv. High-level View of Offerings
v. Juniper Research’s View: Key Strengths & Strategic Development Opportunities
2.1.5 Discover
i. Corporate
ii. Geographic Spread
iii. Key Clients & Strategic Partnerships
iv. High-level View of Offerings
v. Juniper Research’s View: Key Strengths & Strategic Development Opportunities
2.1.6 Enfuce
i. Corporate
ii. Geographic Spread
iii. Key Clients & Strategic Partnerships
iv. High-level View of Offerings
v. Juniper Research’s View: Key Strengths & Strategic Development Opportunities
2.1.7 Flutterwave
i. Corporate
ii. Geographic Spread
iii. Key Clients & Strategic Partnerships
iv. High-level View of Offerings
v. Juniper Research’s View: Key Strengths & Strategic Development Opportunities
2.1.8 Nexi Group
i. Corporate
Figure 2.1: Nexi Group’s Financial Snapshot, (€bn), 2020-2023
ii. Geographic Spread
iii. Key Clients & Strategic Partnerships
iv. High-level View of Offerings
v. Juniper Research’s View: Key Strengths & Strategic Development Opportunities
2.1.9 Marqeta
i. Corporate
ii. Geographic Spread
iii. Key Clients & Strategic Partnerships
iv. High-level View of Offerings
v. Juniper Research’s View: Key Strengths & Strategic Development Opportunities
2.1.10 Mastercard
i. Corporate
ii. Geographic Spread
iii. Key Clients & Strategic Partnerships
iv. High-level View of Offerings
v. Juniper Research’s View: Key Strengths & Strategic Development Opportunities
2.1.11 Payhawk
i. Corporate
ii. Geographic Spread
iii. Key Clients & Strategic Partnerships
iv. High-level View of Offerings
v. Juniper Research’s View: Key Strengths & Strategic Development Opportunities
2.1.12 Pleo
i. Corporate
ii. Geographic Spread
iii. Key Clients & Strategic Partnerships
iv. High-level View of Offerings
Figure 2.2: Pleo’s Company Spending Dashboard
v. Juniper Research’s View: Key Strengths & Strategic Development Opportunities
2.1.13 Stripe
i. Corporate
ii. Geographic Spread
iii. Key Clients & Strategic Partnerships
iv. High-level View of Offerings
v. Juniper Research’s View: Key Strengths & Strategic Development Opportunities
2.1.14 Visa
i. Corporate
ii. Geographic Spread
iii. Key Clients & Strategic Partnerships
iv. High-level View of Offerings
v. Juniper Research’s View: Key Strengths & Strategic Development Opportunities
2.1.15 Wallester
i. Corporate
ii. Geographic Spread
iii. Key Clients & Strategic Partnerships
iv. High-level View of Offerings
v. Juniper Research’s View: Key Strengths & Strategic Development
Opportunities
2.1.16 WEX
i. Corporate
ii. Geographic Spread
iii. Key Clients & Strategic Partnerships
iv. High-level View of Offerings
v. Juniper Research’s View: Key Strengths & Strategic Development
Opportunities
2.1.17 Wise
i. Corporate
ii. Geographic Spread
iii. Key Clients & Strategic Partnerships
iv. High-level View of Offerings
Figure 2.3: Wise Dashboard Example
v. Juniper Research’s View: Key Strengths & Strategic Development
Opportunities
2.2 Juniper Research Leaderboard Assessment Methodology
2.2.1 Limitations & Interpretations
Table 2.4: Juniper Research Leaderboard Assessment Criteria: Virtual Cards
2.3 Related Research
1. Market Overview
1.1.1 Introduction
1.1.2 Methodology & Assumptions
Figure 1.1: B2C Virtual Cards Forecast Methodology
Figure 1.2: B2B Virtual Cards Forecast Methodology
2. Market Forecast
2.1 Global Virtual Cards Forecast
2.1.1 Virtual Cards Transaction Volume
Figure and Table 2.1: Virtual Card Transaction Volume (m), 2025-2029, Split by
Sector
2.1.2 Virtual Cards Transaction Value
Figure and Table 2.2: Virtual Card Transaction Value ($bn), Split by Sector, ($b),
2025-2029
2.1.3 Total Virtual Card Revenue
Figure and Table 2.3: Total Virtual Card Revenue ($bn), Split by Sector, 2025-
2029
3. B2B Virtual Cards Forecast
3.1 B2B Virtual Cards
3.1.1 B2B Transaction Volume
Figure and Table 3.1: B2B Transaction Volume per annum (m), Split by Region,
2025-2029
Table 3.2: B2B Virtual Card Transaction Volume per annum (m), Split by
Industry Segments, 2025-2029
3.1.2 B2B Virtual Card Spend
Figure and Table 3.3: B2B Virtual Card Spend per annum ($bn), Split by Region,
2025-2029
Figure 3.4: B2B Value of Virtual Card Transactions per annum ($m), Split by
Industry Segments, 2025-2029
3.1.3 B2B Virtual Card Revenue
Figure and Table 3.5: B2B Virtual Card Revenue per annum ($bn), Split by
Region, 2025-2029
Figure 3.6: B2B Virtual Card Revenue per annum ($bn), Split by Sector, 2025-
2029
4. B2C POS Virtual Cards Forecast
4.1.1 B2C POS Virtual Card Transaction Volume
Figure and Table 4.1: B2C POS Virtual Card Transaction Volume (m), Split by
Region, 2025-2029
4.1.2 B2C POS Virtual Card Transaction Value
Figure and Table 4.2: Total B2C POS Virtual Card Transaction Value ($m), Split
by Region, 2025-2029
4.1.3 B2C POS Virtual Card Revenue
Figure and Table 4.3: Total B2C POS Virtual Card Transaction Revenue per
annum ($m), Split by Region, 2025-
5. B2C Remote Virtual Cards
5.1.1 B2C Remote Virtual Card Volume
Figure and Table 5.1: Total B2C Remote Virtual Card Transaction Volume per
annum (m), Split by Region, 2025-
5.1.2 B2C Remote Virtual Card Value
Figure and Table 5.2: Total B2C Remote Virtual Card Value ($m), Split by
Regions, 2025-2029
5.1.3 B2C Remote Virtual Card Revenue
Figure and Table 5.3: Total B2C Remote Virtual Card Revenue ($m), Split by
Region, 2025-2029

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