Virtual Cards Market is estimated to Grow at the Highest Growth Rate till 2026

iCrowd Newswire
24 Nov 2021, 00:21 GMT+10

The Virtual Cards Market has witnessed continuous growth in the past few years and is projected to grow even further during the forecast period (2021-2026). The assessment provides a 360° view and insights, outlining the key outcomes of the industry. These insights help the business decision-makers to formulate better business plans and make informed decisions for improved profitability. In addition, the study helps venture or private players in understanding the companies more precisely to make better informed decisions.

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Virtual Cards are the online cards that are not physically offered by any kind of credit/debit provider. These virtual cards help to safely and securely do a transaction on one's smartphones. With the adoption of many technological advancements, the concept of Digi-money has changed the way of the transaction as well as our dependency on plastic money. For instance, the concept of making smartphones a wallet has also boosted the market across the world. It is seen that the Virtual Debit Card is offered for free when they open an Axis ASAP account, which is a digital savings account. If you shop online, this virtual debit card is perfect for you. With the ongoing trend of digitalization, these virtual cards play an important role in flourishing market dynamics.

Troovo recently launched modular robotics process automation tools that allow TMCs to digest what can be complex corporate policy and configuration rules around virtual card generation and automatically traffic bookings to the appropriate payment solution, including virtual cards.

Major Players are:

Abine (United States),American Express (United States),Billtrust (United States),Cryptopay (United Kingdom),CSI (Corporate Spending Innovations) (United States),DiviPay (Australia),Emburse (United States),Fraedom (United Kingdom),JP Morgan Chase (United States),Marqeta (United States),Mastercard (United States),Mineraltree (United States),Pay with Privacy (United States),,

NOTE: Our analysts monitoring the situation across the globe explain that the market will generate remunerative prospects for producers post COVID-19 crisis. The report aims to provide an additional illustration of the latest scenario, economic slowdown, and COVID-19 impact on the overall industry.

The titled segments and sub-section of the market are illuminated below:

Type (B2B Virtual Cards, B2C Remote Payment Virtual Cards, B2C POS Virtual Cards), Application (Consumer Use, Business Use, Other), Technology (Wi-Fi, API)

Market Trends:

The Rising Advancements of these Cards is Also Booming the Market

Market Drivers:

High Proliferation of Smartphones

Worldwide Initiatives for the Promotion of Virtual Cards

Challenges:

Risk of Fraud and Cyber-Attacks Affecting Digital Payment

Concern Related to Fraud can Still Happen

Opportunities:

The rising benefits of these cards to prevent a card from being used anywhere but where you specify, cancel or pause a card at any time, set spending limits, make purchases with masked bank account descriptions, create cards in seconds with zero activatio

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Extract from Table of Content:

Chapter 01 – Executive Summary

Chapter 02 – Market Overview

Chapter 03 – Key Success Factors

Chapter 04 – Covid-19 Crisis Analysis on Global Virtual Cards Market

Chapter 05 – Global Virtual Cards Market - Pricing Analysis

Chapter 06 – Global Virtual Cards Market Background

Chapter 07 — Global Virtual Cards Market Segmentation

Chapter 08 – Key and Emerging Countries Analysis in Global Virtual Cards Market

Chapter 09 – Global Virtual Cards Market Structure Analysis

Chapter 10 – Global Virtual Cards Market Competitive Analysis

Chapter 11 – Assumptions and Acronyms

Chapter 12 – Research Methodology

What are the market factors that are explained in the Virtual Cards Market report?

– Key Strategic Developments: Strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors.

– Key Market Features: Including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin.

– Analytical Tools: The analytical tools such as Porter's five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Key Questions Answered in the Report: