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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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 Used20. Research Methodology
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List of Tables
Table 01: Global Market Value (US$ Million), By Product Type, 2015 to 2021
Table 02: Global Market Value (US$ Million), By Product Type, 2022 to 2032
Table 03: Global Market Value (US$ Million), By End User, 2015 to 2021
Table 04: Global Market Value (US$ Million), By End User, 2022 to 2032
Table 05: Global Market, By Region, 2015 to 2021
Table 06: Global Market, By Region, 2022 to 2032
Table 07: North America Market Value (US$ Million), By Product Type, 2015 to 2021
Table 08: North America Market Value (US$ Million), By Product Type, 2022 to 2032
Table 09: North America Market Value (US$ Million), By End User, 2015 to 2021
Table 10: North America Market Value (US$ Million), By End User, 2022 to 2032
Table 11: North America Market, By Country, 2015 to 2021
Table 12: North America Market, By Country, 2022 to 2032
Table 13: Latin America Market Value (US$ Million), By Product Type, 2015 to 2021
Table 14: Latin America Market Value (US$ Million), By Product Type, 2022 to 2032
Table 15: Latin America Market Value (US$ Million), By End User, 2015 to 2021
Table 16: Latin America Market Value (US$ Million), By End User, 2022 to 2032
Table 17: Latin America Market, By Country, 2015 to 2021
Table 18: Latin America Market, By Country, 2022 to 2032
Table 19: Europe Market Value (US$ Million), By Product Type, 2015 to 2021
Table 20: Europe Market Value (US$ Million), By Product Type, 2022 to 2032
Table 21: Europe Market Value (US$ Million), By End User, 2015 to 2021
Table 22: Europe Market Value (US$ Million), By End User, 2022 to 2032
Table 23: Europe Market, By Country, 2015 to 2021
Table 24: Europe Market, By Country, 2022 to 2032
Table 25: Asia Pacific Market Value (US$ Million), By Product Type, 2015 to 2021
Table 26: Asia Pacific Market Value (US$ Million), By Product Type, 2022 to 2032
Table 27: Asia Pacific Market Value (US$ Million), By End User, 2015 to 2021
Table 28: Asia Pacific Market Value (US$ Million), By End User, 2022 to 2032
Table 29: Asia Pacific Market, By Country, 2015 to 2021
Table 30: Asia Pacific Market, By Country, 2022 to 2032
Table 31: Middle East and Africa Market Value (US$ Million), By Product Type, 2015 to 2021
Table 32: Middle East and Africa Market Value (US$ Million), By Product Type, 2022 to 2032
Table 33: Middle East and Africa Market Value (US$ Million), By End User, 2015 to 2021
Table 34: Middle East and Africa Market Value (US$ Million), By End User, 2022 to 2032
Table 35: Middle East and Africa Market, By Country, 2015 to 2021
Table 36: Middle East and Africa Market, By Country, 2022 to 2032
Table 37: Global Market Incremental $ Opportunity, By Product Type, 2015 to 2021
Table 38: Global Market Incremental $ Opportunity, By End User, 2022 to 2032
Table 39: Global Market Incremental $ Opportunity, By Region, 2022 to 2032
Table 40: North America Market Incremental $ Opportunity, By Product Type, 2015 to 2021
Table 41: North America Market Incremental $ Opportunity, By End User, 2022 to 2032
Table 42: North America Market Incremental $ Opportunity, By Country, 2022 to 2032
Table 43: Latin America Market Incremental $ Opportunity, By Product Type, 2015 to 2021
Table 44: Latin America Market Incremental $ Opportunity, By End User, 2022 to 2032
Table 45: Latin America Market Incremental $ Opportunity, By Country, 2022 to 2032
Table 46: Europe Market Incremental $ Opportunity, By Product Type, 2015 to 2021
Table 47: Europe Market Incremental $ Opportunity, By End User, 2022 to 2032
Table 48: Europe Market Incremental $ Opportunity, By Country, 2022 to 2032
Table 49: Asia Pacific Market Incremental $ Opportunity, By Product Type, 2015 to 2021
Table 50: Asia Pacific Market Incremental $ Opportunity, By End User, 2022 to 2032
Table 51: Asia Pacific Market Incremental $ Opportunity, By Country, 2022 to 2032
Table 52: Middle East and Africa Market Incremental $ Opportunity, By Product Type, 2015 to 2021
Table 53: Middle East and Africa Market Incremental $ Opportunity, By End User, 2022 to 2032
Table 54: Middle East and Africa Market Incremental $ Opportunity, By Country, 2022 to 2032
Find your sweet spots for generating winning opportunities in this market.
List of Charts
Figure 01: Global Market Value (US$ Million) and Year-on-Year Growth, 2015 to 2032
Figure 02: Global Market Absolute $ Historical Gain (2015 to 2021) and Opportunity (2022 to 2032), US$ Million
Figure 03: Global Market Share, By Product Type, 2022 & 2032
Figure 04: Global Market Y-o-Y Growth Projections, By Product Type - 2022 to 2032
Figure 05: Global Market Attractiveness Index, By Product Type - 2022 to 2032
Figure 06: Global Market Share, By End User, 2022 & 2032
Figure 07: Global Market Y-o-Y Growth Projections, By End User - 2022 to 2032
Figure 08: Global Market Attractiveness Index, By End User - 2022 to 2032
Figure 09: Global Market Share, By Region, 2022 & 2032
Figure 10: Global Market Y-o-Y Growth Projections, By Region - 2022 to 2032
Figure 11: Global Market Attractiveness Index, By Region - 2022 to 2032
Figure 12: North America Market Value (US$ Million) and Year-on-Year Growth, 2015 to 2032
Figure 13: North America Market Absolute $ Opportunity Historical (2015 to 2021) and Forecast Period (2022 to 2032), US$ Million
Figure 14: North America Market Share, By Product Type, 2022 & 2032
Figure 15: North America Market Y-o-Y Growth Projections, By Product Type - 2022 to 2032
Figure 16: North America Market Attractiveness Index, By Product Type - 2022 to 2032
Figure 17: North America Market Share, By End User, 2022 & 2032
Figure 18: North America Market Y-o-Y Growth Projections, By End User - 2022 to 2032
Figure 19: North America Market Attractiveness Index, By End User - 2022 to 2032
Figure 20: North America Market Share, By Country, 2022 & 2032
Figure 21: North America Market Y-o-Y Growth Projections, By Country - 2022 to 2032
Figure 22: North America Market Attractiveness Index, By Country - 2022 to 2032
Figure 23: Latin America Market Value (US$ Million) and Year-on-Year Growth, 2015 to 2032
Figure 24: Latin America Market Absolute $ Opportunity Historical (2015 to 2021) and Forecast Period (2022 to 2032), US$ Million
Figure 25: Latin America Market Share, By Product Type, 2022 & 2032
Figure 26: Latin America Market Y-o-Y Growth Projections, By Product Type - 2022 to 2032
Figure 27: Latin America Market Attractiveness Index, By Product Type - 2022 to 2032
Figure 28: Latin America Market Share, By End User, 2022 & 2032
Figure 29: Latin America Market Y-o-Y Growth Projections, By End User - 2022 to 2032
Figure 30: Latin America Market Attractiveness Index, By End User - 2022 to 2032
Figure 31: Latin America Market Share, By Country, 2022 & 2032
Figure 32: Latin America Market Y-o-Y Growth Projections, By Country - 2022 to 2032
Figure 33: Latin America Market Attractiveness Index, By Country - 2022 to 2032
Figure 34: Europe Market Value (US$ Million) and Year-on-Year Growth, 2015 to 2032
Figure 35: Europe Market Absolute $ Opportunity Historical (2015 to 2021) and Forecast Period (2022 to 2032), US$ Million
Figure 36: Europe Market Share, By Product Type, 2022 & 2032
Figure 37: Europe Market Y-o-Y Growth Projections, By Product Type - 2022 to 2032
Figure 38: Europe Market Attractiveness Index, By Product Type - 2022 to 2032
Figure 39: Europe Market Share, By End User, 2022 & 2032
Figure 40: Europe Market Y-o-Y Growth Projections, By End User - 2022 to 2032
Figure 41: Europe Market Attractiveness Index, By End User - 2022 to 2032
Figure 42: Europe Market Share, By Country, 2022 & 2032
Figure 43: Europe Market Y-o-Y Growth Projections, By Country - 2022 to 2032
Figure 44: Europe Market Attractiveness Index, By Country - 2022 to 2032
Figure 45: Middle East and Africa Market Value (US$ Million) and Year-on-Year Growth, 2015 to 2032
Figure 46: Middle East and Africa Market Absolute $ Opportunity Historical (2015 to 2021) and Forecast Period (2022 to 2032), US$ Million
Figure 47: Middle East and Africa Market Share, By Product Type, 2022 & 2032
Figure 48: Middle East and Africa Market Y-o-Y Growth Projections, By Product Type - 2022 to 2032
Figure 49: Middle East and Africa Market Attractiveness Index, By Product Type - 2022 to 2032
Figure 50: Middle East and Africa Market Share, By End User, 2022 & 2032
Figure 51: Middle East and Africa Market Y-o-Y Growth Projections, By End User - 2022 to 2032
Figure 52: Middle East and Africa Market Attractiveness Index, By End User - 2022 to 2032
Figure 53: Middle East and Africa Market Share, By Country, 2022 & 2032
Figure 54: Middle East and Africa Market Y-o-Y Growth Projections, By Country - 2022 to 2032
Figure 55: Middle East and Africa Market Attractiveness Index, By Country - 2022 to 2032
Figure 56: Asia Pacific Market Value (US$ Million) and Year-on-Year Growth, 2015 to 2032
Figure 57: Asia Pacific Market Absolute $ Opportunity Historical (2015 to 2021) and Forecast Period (2022 to 2032), US$ Million
Figure 58: Asia Pacific Market Share, By Product Type, 2022 & 2032
Figure 59: Asia Pacific Market Y-o-Y Growth Projections, By Product Type - 2022 to 2032
Figure 60: Asia Pacific Market Attractiveness Index, By Product Type - 2022 to 2032
Figure 61: Asia Pacific Market Share, By End User, 2022 & 2032
Figure 62: Asia Pacific Market Y-o-Y Growth Projections, By End User - 2022 to 2032
Figure 63: Asia Pacific Market Attractiveness Index, By End User - 2022 to 2032
Figure 64: Asia Pacific Market Share, By Country, 2022 & 2032
Figure 65: Asia Pacific Market Y-o-Y Growth Projections, By Country - 2022 to 2032
Figure 66: Asia Pacific Market Attractiveness Index, By Country - 2022 to 2032
Figure 67: United States of America market Value (US$ Million) and Forecast, 2022 to 2032
Figure 68: United States of America market Share, By Product Type, 2021
Figure 69: United States of America market Share, By End User, 2021
Figure 70: Canada Market Value (US$ Million) and Forecast, 2022 to 2032
Figure 71: Canada Market Share, By Product Type, 2021
Figure 72: Canada Market Share, By End User, 2021
Figure 73: Brazil Market Value (US$ Million) and Forecast, 2022 to 2032
Figure 74: Brazil Market Share, By Product Type, 2021
Figure 75: Brazil Market Share, By End User, 2021
Figure 76: Mexico Market Value (US$ Million) and Forecast, 2022 to 2032
Figure 77: Mexico Market Share, By Product Type, 2021
Figure 78: Mexico Market Share, By End User, 2021
Figure 79: Germany Market Value (US$ Million) and Forecast, 2022 to 2032
Figure 80: Germany Market Share, By Product Type, 2021
Figure 81: Germany Market Share, By End User, 2021
Figure 82: United Kingdom Market Value (US$ Million) and Forecast, 2022 to 2032
Figure 83: United Kingdom Market Share, By Product Type, 2021
Figure 84: United Kingdom Market Share, By End User, 2021
Figure 85: France Market Value (US$ Million) and Forecast, 2022 to 2032
Figure 86: France Market Share, By Product Type, 2021
Figure 87: France Market Share, By End User, 2021
Figure 88: Italy Market Value (US$ Million) and Forecast, 2022 to 2032
Figure 89: Italy Market Share, By Product Type, 2021
Figure 90: Italy Market Share, By End User, 2021
Figure 91: BENELUX Market Value (US$ Million) and Forecast, 2022 to 2032
Figure 92: BENELUX Market Share, By Product Type, 2021
Figure 93: BENELUX Market Share, By End User, 2021
Figure 94: Nordic Countries Market Value (US$ Million) and Forecast, 2022 to 2032
Figure 95: Nordic Countries Market Share, By Product Type, 2021
Figure 96: Nordic Countries Market Share, By End User, 2021
Figure 97: China Market Value (US$ Million) and Forecast, 2022 to 2032
Figure 98: China Market Share, By Product Type, 2021
Figure 99: China Market Share, By End User, 2021
Figure 100: Japan Market Value (US$ Million) and Forecast, 2022 to 2032
Figure 101: Japan Market Share, By Product Type, 2021
Figure 102: Japan Market Share, By End User, 2021
Figure 103: South Korea Market Value (US$ Million) and Forecast, 2022 to 2032
Figure 104: South Korea Market Share, By Product Type, 2021
Figure 105: South Korea Market Share, By End User, 2021
Figure 106: GCC Countries Market Value (US$ Million) and Forecast, 2022 to 2032
Figure 107: GCC Countries Market Share, By Product Type, 2021
Figure 108: GCC Countries Market Share, By End User, 2021
Figure 109: South Africa Market Value (US$ Million) and Forecast, 2022 to 2032
Figure 110: South Africa Market Share, By Product Type, 2021
Figure 111: South Africa Market Share, By End User, 2021
Figure 112: Turkey Market Value (US$ Million) and Forecast, 2022 to 2032
Figure 113: Turkey Market Share, By Product Type, 2021
Figure 114: Turkey Market Share, By End User, 2021
