Stripe virtual credit card7/2/2023 ![]() ![]() The report includes the analysis of the regional as well as global virtual cards market trends, key players, market segments, application areas, and market growth strategies. Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players. Major countries in each region are mapped according to their revenue contribution to the global market. In-depth analysis of the virtual cards market segmentation assists to determine the prevailing market opportunities. Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network. The market research is offered along with information related to key drivers, restraints, and opportunities. ![]() This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the virtual cards market analysis from 2021 to 2031 to identify the prevailing virtual cards market opportunities. On the contrary, rapid innovation in the payments technology and growing concerns over no touch payments is expected to provide lucrative growth opportunities for the virtual cards market in the coming years. Therefore, these are some of the major factors limiting the growth of virtual cards market. ![]() Moreover, there are major concerns over frauds if the smartphone is stolen. However, a large section of customers are not satisfied with virtual cards and still want a physical card for making transaction. They are connected to your actual credit card, but have their own fake credit card infoa randomly generated virtual credit card number, expiration date, and CVV. Therefore, these are some of the factors propelling the virtual cards market growth. Virtual credit cards are basically unique, randomly generated credit card numbers that you can use to sign up for a free trial service with a company or make online purchases. Moreover, virtual cards cost lesser than physical cards and they also allow customers to set their own spending limits. In addition, the virtual cards contains a 16 digit number which is specifically designed for single-use only in between the payer and the payee. Virtual cards offers added security benefits to their customers as compared to physical cards, since everything is done online so it only involves a few taps for the user to add money, do transactions, paying suppliers/buyers, all within a few seconds. Users can just use their smartphone to make a transaction using their virtual cards. It can be used for online transactions just like regular credit/debit cards. Each virtual card comes with its own card number, CVV number and validity details. As the name suggests, they need not be physically issued by card providers. DUBLIN-( BUSINESS WIRE)-The "Virtual Cards Market By Product Type, By Industry Vertical, By End User: Global Opportunity Analysis and Industry Forecast, 2021-2031" report has been added to 's offering.Īccording to this report the virtual cards market size was valued at $281.22 billion in 2021, and is estimated to reach $1,893.08 billion by 2031, growing at a CAGR of 21.3% from 2022 to 2031.Ī virtual card is an electronic card which can be created using the bank's net banking facility, by providing one's credit or debit card details. ![]()
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