Virtual Cards Market Statistics 2023-2028
Our new virtual cards research has found that the total volume of virtual card transactions will reach 175 billion by 2028; rising from 36 billion in 2023. However, while they account for only a small proportion of these transactions, B2B virtual cards account for the largest proportion of spend via virtual cards, beating out consumer virtual cards.
So what three sectors are driving the B2B virtual cards market? And how are they expected to grow over the next five years?
Want more insights and statistics? Download our latest virtual cards whitepaper, which showcases example vendors and their solutions, the scope of their innovative technology and an analysis of how these can be capitalised.
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