Dublin, Sept. 19, 2022 (GLOBE NEWSWIRE) -- The "Virtual Cards Market Size, Share & Trend Analysis Report by Card Type (Credit Card, Debit Card), by Product Type (B2B Virtual Cards), by Application (Business Use, Consumer Use), by Region, and Segment Forecasts, 2022-2030" report has been added to ResearchAndMarkets.com's offering. The global virtual cards market size is expected to reach USD 60.06 billion by 2030, expanding at a CAGR of 20.7% from 2022 to 2030, according to this study conducted. The increasing usage of digital payment platforms is creating the demand for virtual cards worldwide, which is anticipated to drive the growth of the market. In addition, various types of virtual cards offer the consumer a particular set of benefits, such as efficiency and convenience, which also bodes well for the growth of the market. Virtual cards are changing the financial landscape by introducing a new level of protection for everyone involved in the payment transaction. Hospitality is one industry that has endorsed the use of virtual cards. Moreover, virtual cards are creating the possibility of making payments more dynamic during the check-in and check-out process for the consumers. The investments being raised by virtual card solution providers are expected to create new possibilities for the growth of the market during the projected period. For instance, in May 2022, MasterCard and fintech company OPay announced their collaboration, paving the way for access to financial services and economic prosperity by bringing digital commerce to thousands of people in the Middle East and Africa. With this collaboration, OPay consumers and merchants in this region will be able to engage with brands and businesses anywhere in the world. The COVID-19 pandemic is expected to play a crucial role in driving the growth of the market during the forecast period. People are opting for contactless and digital payments due to the pandemic outbreak, thereby opening new opportunities for the growth of the market. Furthermore, these cards offer contactless payment solutions and are widely accepted at most of the payment gateways and mobile applications such as PayPal and Google Pay which is projected to drive the market growth post-pandemic. Virtual Cards Market Report Highlights

The credit card segment is expected to witness the fastest growth during the forecast period. The growing e-commerce businesses worldwide is expected to drive the demand for virtual credit card among consumers, thereby contributing to the segment's growth.

The B2C remote payment virtual cards segment is expected to witness significant growth during the projected period. The growth of the segment can be attributed to the increasing real-time digital disbursements in mobile platforms worldwide.

The business use segment is anticipated to dominate the market during the forecast period. Businesses across the globe are adopting virtual card payments to streamline their payment processes and meet their evolving customer needs, which is one of the vital factors that propelled the segmental growth in 2021.

The Asia Pacific regional market is expected to witness the fastest growth during the projected period. The increasing internet penetration across the region is expected to play a decisive role in driving regional market growth.

Key Topics Covered: Chapter 1 Methodology and Scope Chapter 2 Executive Summary Chapter 3 Virtual Cards Industry Outlook 3.1 Market Segmentation and Scope 3.2 Market Size and Growth Prospects 3.3 Virtual Cards Market - Value Chain Analysis 3.4 Virtual Cards Market - Market Dynamics 3.4.1 Market driver analysis 3.4.1.1 Increasing demand for digital transactions 3.4.1.2 Rising demand for an additional layer of security 3.4.2 Market challenge analysis 3.4.2.1 Security issues associated with virtual cards payments 3.5 Penetration and Growth Prospect Mapping 3.6 Virtual Cards Market - Porter's Five Forces Analysis 3.7 Virtual Cards Market - PESTEL Analysis Chapter 4 Investment Landscape 4.1 Investments Raised by Companies 4.2 Investment Strategies by Companies 4.3 Virtual Cards Investment Opportunities 4.4 Investors' Vision & Goal Analysis Chapter 5 Virtual Cards Type Outlook 5.1 Virtual Cards Market Share By Card Type, 2021 5.2 Credit Card 5.2.1 Virtual credit cards market, 2017 - 2030 5.3 Debit Card 5.3.1 Virtual debit cards market, 2017 - 2030 Chapter 6 Virtual Cards Product Type Outlook 6.1 Virtual Cards Market Share By Product Type, 2021 6.2 B2B Virtual Cards 6.2.1 B2B virtual cards market, 2017 - 2030 6.3 B2C Remote Payment Virtual Cards 6.3.1 B2C remote payment virtual cards market, 2017 - 2030 6.4 C2B POS Virtual Cards 6.4.1 C2B POS virtual cards market, 2017 - 2030 Chapter 7 Virtual Cards Application Outlook 7.1 Virtual Cards Market Share By Application, 2021 7.2 Business Use 7.2.1 Virtual cards market in business use, 2017 - 2030 7.3 Consumer Use 7.3.1 Virtual cards market in consumer use, 2017 - 2030 Chapter 8 Virtual Cards Regional Outlook Chapter 9 Competitive Analysis 9.1 Recent Developments & Impact Analysis, By Key Market Participants 9.2 Company Categorization 9.3 Vendor Landscape 9.3.1 Key company market share analysis, 2021 9.4 Company Analysis Tools 9.4.1 Company market position analysis 9.4.2 Competitive dashboard analysis Chapter 10 Competitive Landscape 10.1 American Express Company 10.1.1 Company overview 10.1.2 Financial performance 10.1.3 Product benchmarking 10.1.4 Strategic initiatives 10.2 BTRS Holdings, Inc. 10.2.1 Company overview 10.2.2 Financial performance 10.2.3 Product benchmarking 10.2.4 Strategic initiatives 10.3 Wise Payments Limited 10.3.1 Company overview 10.3.2 Financial performance 10.3.3 Product benchmarking 10.3.4 Strategic initiatives 10.4 JPMorgan Chase & Co. 10.4.1 Company overview 10.4.2 Financial performance 10.4.3 Product benchmarking 10.4.4 Strategic initiatives 10.5 Marqeta, Inc. 10.5.1 Company overview 10.5.2 Financial performance 10.5.3 Product benchmarking 10.5.4 Strategic initiatives 10.6 Mastercard 10.6.1 Company overview 10.6.2 Financial performance 10.6.3 Product benchmarking 10.6.4 Strategic initiatives 10.7 Skrill USA, Inc. 10.7.1 Company overview 10.7.2 Financial performance 10.7.3 Product benchmarking 10.7.4 Strategic initiatives 10.8 Stripe, Inc. 10.8.1 Company overview 10.8.2 Financial performance 10.8.3 Product benchmarking 10.8.4 Strategic initiatives 10.9 WEX, Inc. 10.9.1 Company overview 10.9.2 Financial performance 10.9.3 Product benchmarking 10.9.4 Strategic initiatives 10.10 Adyen 10.10.1 Company overview 10.10.2 Financial performance 10.10.3 Product benchmarking 10.10.4 Strategic initiatives For more information about this report visit https://www.researchandmarkets.com/r/bfo121

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