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Research Details
Published: 10-03-2025
Category:Fintech & Payments
Regions & Countries:
  • North America
    • US
    • Canada
  • Latin America
    • Argentina
    • Brazil
    • Chile
    • Colombia
    • Ecuador
    • Mexico
    • Peru
    • Uruguay
  • West Europe
    • Austria
    • Belgium
    • Denmark
    • Finland
    • France
    • Germany
    • Greece
    • Ireland
    • Italy
    • Netherlands
    • Norway
    • Portugal
    • Spain
    • Sweden
    • Switzerland
    • United Kingdom
  • Central & East Europe
    • Croatia
    • Czechia
    • Hungary
    • Poland
    • Romania
    • Russian Federation
    • Türkiye
    • Ukraine
  • Far East & China
    • China
    • Hong Kong
    • Japan
    • South Korea
  • Indian Subcontinent
    • Bangladesh
    • India
    • Nepal
    • Pakistan
  • Rest of Asia Pacific
    • Australia
    • Indonesia
    • Malaysia
    • New Zealand
    • Philippines
    • Singapore
    • Thailand
    • Vietnam
  • Africa & Middle East
    • Algeria
    • Egypt
    • Israel
    • Kenya
    • Kuwait
    • Nigeria
    • Qatar
    • Saudi Arabia
    • South Africa
    • United Arab Emirates
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Key Statistics

$5.2tn

Total virtual cards revenue in 2025

$17.4tn

Total virtual cards revenue in 2029

235%

2025 to 2029 market growth

2025-2029

Forecast period

Overview

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.

All report content is delivered in the English language.

Key Features
  • Market Dynamics: Insights into key trends and market expansion challenges within the virtual cards market, including drivers and barriers for virtual card adoption. The report addresses the role of virtual cards in easing cashflow management, the use of virtual cards in eCommerce, and the distinctive benefits that virtual cards can bring to various industry segments. The research also features a Country Readiness Index on the current development and segment growth of the virtual cards market across eight key regions, as well as providing a future outlook.
  • Key Takeaways & Strategic Recommendations: In-depth analysis of key development opportunities and findings within the virtual cards market, accompanied by strategic recommendations for stakeholders.
  • Benchmark Industry Forecasts: The virtual cards dataset includes forecasts for the total value of the virtual card market, including the total revenue to be gained through provisioning and managing virtual cards, and the transaction volume of various market segments.
  • Juniper Research Competitor Leaderboard: Key market player capability and capacity assessment for 18 virtual card vendors, via the Juniper Research Competitor Leaderboard; featuring market size for major players in the virtual card provisioning market.

 

Research Deliverables

Market Data & Forecasting Report

Deliverable type
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The numbers tell you what's happening, but our written report details why, alongside the methodologies.

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Interactive Forecast Excel

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Full 5-year forecasts for every available market metric provided in Excel format, with interactive 'What If' and scenario tools.

harvest Online Data Platform

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Access the very latest data in our exclusive online data platform, harvest. All the data from Excel, with frequent updates and a more user-friendly interface.

Market Trends & Strategies Report

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A comprehensive analysis of the current market landscape, alongside strategic recommendations.

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Competitor Leaderboard Report

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Provides a visual representation of the competitive positioning of the leaders within the market.

Find out more

The market-leading research suite for the Virtual Cards market includes access to the full set of forecast data of 89 tables and 34,200 datapoints. Metrics in the research suite include:

  • Total Transaction Volume, Value, and Revenue of the Virtual Cards Market
  • Total Transaction Volume, Value and Revenue of the Virtual Cards Market, Split by the Following Market Segments:
    • B2B Payments
    • B2C POS Payments
    • B2C Remote Payments

Juniper Research’s Interactive Forecast Excel contains the following functionality:

  • Statistics Analysis: Users benefit from the ability to search for specific metrics, displayed for all regions and countries across the data period. Graphs are easily modified and can be exported to the clipboard.
  • Country Data Tool: This tool lets users look at metrics for all regions and countries in the forecast period. Users can refine the metrics displayed via a search bar.
  • Country Comparison Tool: Users can select and compare specific countries. The ability to export graphs is included in this tool.
  • What-if Analysis: Here, users can compare forecast metrics against their own assumptions, via five interactive scenarios.

The Competitor Leaderboard report provides a detailed evaluation and market positioning for 18 leading vendors in the virtual cards space. The vendors are positioned as established leaders, leading challengers, or disruptors and challengers, based on capacity and capability assessments:

  • Adyen
  • Airwallex
  • American Express
  • Conferma
  • Discover
  • Enfuce
  • Flutterwave
  • Fyorin
  • Nexi Group
  • Marqeta
  • Mastercard
  • Payhawk
  • Pleo
  • Stripe
  • Visa
  • Wallester
  • WEX
  • Wise

This document is centred around the Juniper Research Competitor Leaderboard; a vendor positioning tool that provides an at-a-glance view of the competitive landscape in a market, backed by a robust methodology.

Virtual Cards Market FAQs
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Pricing

We accept payment online by card, or by invoice, bank transfer or purchase order.

All of our prices are in £GBP, and this will be reflected in your basket on checkout. Other currencies are provided as an indicative price only based on current exchange rates.

If you wish to be invoiced in another currency, then please proceed with the order in £GBP, select 'Pay by Invoice' and then email our team to request an updated invoice in your preferred currency: info@juniperresearch.com.

Market Trends & Strategies

£2,250
$3,015
€2,655

Market Trends & Strategies comprises of:

  • Benefit tick iconMarket outlook & trends analysis
  • Benefit tick iconInterviews & case studies
  • Benefit tick iconStrategic recommendations

Market Trends & Strategies

£2,250
$3,015
€2,655

Market Trends & Strategies comprises of:

  • Benefit tick iconMarket outlook & trends analysis
  • Benefit tick iconInterviews & case studies
  • Benefit tick iconStrategic recommendations
PDF

Competitor Leaderboard

£2,250
$3,015
€2,655

Competitor Leaderboard comprises of:

  • Benefit tick iconCompetitor Leaderboard with 18 vendors ranked
  • Benefit tick iconVendor profiles & capabilities analysis

Competitor Leaderboard

£2,250
$3,015
€2,655

Competitor Leaderboard comprises of:

  • Benefit tick iconCompetitor Leaderboard with 18 vendors ranked
  • Benefit tick iconVendor profiles & capabilities analysis
PDF

Market Data & Forecasts

£3,250
$4,355
€3,835

Market Data & Forecasts comprises of:

  • Benefit tick icon5-year forecasts
  • Benefit tick icon8 regions and 60+ country-level data splits
  • Benefit tick iconMarket segment data splits
  • Benefit tick icon12 months of continuous data updates

Market Data & Forecasts

£3,250
$4,355
€3,835

Market Data & Forecasts comprises of:

  • Benefit tick icon5-year forecasts
  • Benefit tick icon8 regions and 60+ country-level data splits
  • Benefit tick iconMarket segment data splits
  • Benefit tick icon12 months of continuous data updates
EXCEL
ONLINE
PDF

Full Research Suite

£4,250
$5,695
€5,015

Full Research Suite comprises of:

  • Benefit tick iconMarket outlook & trends analysis
  • Benefit tick iconInterviews & case studies
  • Benefit tick iconStrategic recommendations
  • Benefit tick iconCompetitor Leaderboard with 18 vendors ranked
  • Benefit tick iconVendor profiles & capabilities analysis
  • Benefit tick icon5-year forecasts
  • Benefit tick icon8 regions and 60+ country-level data splits
  • Benefit tick iconMarket segment data splits
  • Benefit tick icon12 months of continuous data updates

Full Research Suite

£4,250
$5,695
€5,015

Full Research Suite comprises of:

  • Benefit tick iconMarket outlook & trends analysis
  • Benefit tick iconInterviews & case studies
  • Benefit tick iconStrategic recommendations
  • Benefit tick iconCompetitor Leaderboard with 18 vendors ranked
  • Benefit tick iconVendor profiles & capabilities analysis
  • Benefit tick icon5-year forecasts
  • Benefit tick icon8 regions and 60+ country-level data splits
  • Benefit tick iconMarket segment data splits
  • Benefit tick icon12 months of continuous data updates
PDF
EXCEL
ONLINE