1 Executive Summary
- 1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Global Market Characteristics
- Executive Summary - Chart on Market by Geography
- Executive Summary - Chart on Market Segmentation by Product
- Executive Summary - Chart on Market Segmentation by Service
- Executive Summary - Chart on Incremental Growth
- Executive Summary - Data Table on Incremental Growth
- Executive Summary - Chart on Company Market Positioning
2 Technavio Analysis
- 2.1 Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- 2.2 Criticality of inputs and Factors of differentiation
- Overview on criticality of inputs and factors of differentiation
- 2.3 Factors of disruption
- Overview on factors of disruption
- 2.4 Impact of drivers and challenges
- Impact of drivers and challenges in 2024 and 2029
3 Market Landscape
- 3.1 Market ecosystem
- Parent Market
- Data Table on - Parent Market
- 3.2 Market characteristics
- Market characteristics analysis
4 Market Sizing
- 4.1 Market definition
- Offerings of companies included in the market definition
- 4.2 Market segment analysis
- 4.4 Market outlook: Forecast for 2024-2029
- Chart on Global - Market size and forecast 2024-2029 ($ billion)
- Data Table on Global - Market size and forecast 2024-2029 ($ billion)
- Chart on Global Market: Year-over-year growth 2024-2029 (%)
- Data Table on Global Market: Year-over-year growth 2024-2029 (%)
5 Historic Market Size
- 5.1 Global Virtual Cards Market 2019 - 2023
- Historic Market Size - Data Table on Global Virtual Cards Market 2019 - 2023 ($ billion)
- 5.2 Product segment analysis 2019 - 2023
- Historic Market Size - Product Segment 2019 - 2023 ($ billion)
- 5.3 Service segment analysis 2019 - 2023
- Historic Market Size - Service Segment 2019 - 2023 ($ billion)
- 5.4 Geography segment analysis 2019 - 2023
- Historic Market Size - Geography Segment 2019 - 2023 ($ billion)
- 5.5 Country segment analysis 2019 - 2023
- Historic Market Size - Country Segment 2019 - 2023 ($ billion)
6 Qualitative Analysis
- 6.1 Impact of AI on the Global Virtual Cards Market
7 Five Forces Analysis
- 7.1 Five forces summary
- Five forces analysis - Comparison between 2024 and 2029
- 7.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2024 and 2029
- 7.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2024 and 2029
- 7.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2024 and 2029
- 7.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2024 and 2029
- 7.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2024 and 2029
- 7.7 Market condition
- Chart on Market condition - Five forces 2024 and 2029
8 Market Segmentation by Product
- 8.1 Market segments
- Chart on Product - Market share (2024-2029) (%)
- Data Table on Product - Market share (2024-2029) (%)
- 8.2 Comparison by Product
- Chart on Comparison by Product
- Data Table on Comparison by Product
- 8.3 B2B virtual cards - Market size and forecast (2024-2029)
- Chart on B2B virtual cards - Market size and forecast (2024-2029) ($ billion)
- Data Table on B2B virtual cards - Market size and forecast (2024-2029) ($ billion)
- Chart on B2B virtual cards - Year-over-year growth (2024-2029) (%)
- Data Table on B2B virtual cards - Year-over-year growth (2024-2029) (%)
- 8.4 B2C remote payment virtual cards - Market size and forecast (2024-2029)
- Chart on B2C remote payment virtual cards - Market size and forecast (2024-2029) ($ billion)
- Data Table on B2C remote payment virtual cards - Market size and forecast (2024-2029) ($ billion)
- Chart on B2C remote payment virtual cards - Year-over-year growth (2024-2029) (%)
- Data Table on B2C remote payment virtual cards - Year-over-year growth (2024-2029) (%)
- 8.5 B2C POS virtual cards - Market size and forecast (2024-2029)
- Chart on B2C POS virtual cards - Market size and forecast (2024-2029) ($ billion)
- Data Table on B2C POS virtual cards - Market size and forecast (2024-2029) ($ billion)
- Chart on B2C POS virtual cards - Year-over-year growth (2024-2029) (%)
- Data Table on B2C POS virtual cards - Year-over-year growth (2024-2029) (%)
- 8.6 Market opportunity by Product
- Market opportunity by Product ($ billion)
- Data Table on Market opportunity by Product ($ billion)
9 Market Segmentation by Service
- 9.1 Market segments
- Chart on Service - Market share (2024-2029) (%)
- Data Table on Service - Market share (2024-2029) (%)
- 9.2 Comparison by Service
- Chart on Comparison by Service
- Data Table on Comparison by Service
- 9.3 Business use - Market size and forecast (2024-2029)
- Chart on Business use - Market size and forecast (2024-2029) ($ billion)
- Data Table on Business use - Market size and forecast (2024-2029) ($ billion)
- Chart on Business use - Year-over-year growth (2024-2029) (%)
- Data Table on Business use - Year-over-year growth (2024-2029) (%)
- 9.4 Consumer use - Market size and forecast (2024-2029)
- Chart on Consumer use - Market size and forecast (2024-2029) ($ billion)
- Data Table on Consumer use - Market size and forecast (2024-2029) ($ billion)
- Chart on Consumer use - Year-over-year growth (2024-2029) (%)
- Data Table on Consumer use - Year-over-year growth (2024-2029) (%)
- 9.5 Market opportunity by Service
- Market opportunity by Service ($ billion)
- Data Table on Market opportunity by Service ($ billion)
10 Market Segmentation by Card Type
- 10.1 Market segments
- Chart on Card Type - Market share (2024-2029) (%)
- Data Table on Card Type - Market share (2024-2029) (%)
- 10.2 Comparison by Card Type
- Chart on Comparison by Card Type
- Data Table on Comparison by Card Type
- 10.3 Credit Card - Market size and forecast (2024-2029)
- Chart on Credit Card - Market size and forecast (2024-2029) ($ billion)
- Data Table on Credit Card - Market size and forecast (2024-2029) ($ billion)
- Chart on Credit Card - Year-over-year growth (2024-2029) (%)
- Data Table on Credit Card - Year-over-year growth (2024-2029) (%)
- 10.4 Debit Card - Market size and forecast (2024-2029)
- Chart on Debit Card - Market size and forecast (2024-2029) ($ billion)
- Data Table on Debit Card - Market size and forecast (2024-2029) ($ billion)
- Chart on Debit Card - Year-over-year growth (2024-2029) (%)
- Data Table on Debit Card - Year-over-year growth (2024-2029) (%)
- 10.5 Prepaid Card - Market size and forecast (2024-2029)
- Chart on Prepaid Card - Market size and forecast (2024-2029) ($ billion)
- Data Table on Prepaid Card - Market size and forecast (2024-2029) ($ billion)
- Chart on Prepaid Card - Year-over-year growth (2024-2029) (%)
- Data Table on Prepaid Card - Year-over-year growth (2024-2029) (%)
- 10.6 Market opportunity by Card Type
- Market opportunity by Card Type ($ billion)
- Data Table on Market opportunity by Card Type ($ billion)
11 Market Segmentation by End-Use Industry
- 11.1 Market segments
- Chart on End-Use Industry - Market share (2024-2029) (%)
- Data Table on End-Use Industry - Market share (2024-2029) (%)
- 11.2 Comparison by End-Use Industry
- Chart on Comparison by End-Use Industry
- Data Table on Comparison by End-Use Industry
- 11.3 Banking, Financial Services, and Insurance (BFSI) - Market size and forecast (2024-2029)
- Chart on Banking, Financial Services, and Insurance (BFSI) - Market size and forecast (2024-2029) ($ billion)
- Data Table on Banking, Financial Services, and Insurance (BFSI) - Market size and forecast (2024-2029) ($ billion)
- Chart on Banking, Financial Services, and Insurance (BFSI) - Year-over-year growth (2024-2029) (%)
- Data Table on Banking, Financial Services, and Insurance (BFSI) - Year-over-year growth (2024-2029) (%)
- 11.4 E-commerce - Market size and forecast (2024-2029)
- Chart on E-commerce - Market size and forecast (2024-2029) ($ billion)
- Data Table on E-commerce - Market size and forecast (2024-2029) ($ billion)
- Chart on E-commerce - Year-over-year growth (2024-2029) (%)
- Data Table on E-commerce - Year-over-year growth (2024-2029) (%)
- 11.5 Hospitality - Market size and forecast (2024-2029)
- Chart on Hospitality - Market size and forecast (2024-2029) ($ billion)
- Data Table on Hospitality - Market size and forecast (2024-2029) ($ billion)
- Chart on Hospitality - Year-over-year growth (2024-2029) (%)
- Data Table on Hospitality - Year-over-year growth (2024-2029) (%)
- 11.6 Market opportunity by End-Use Industry
- Market opportunity by End-Use Industry ($ billion)
- Data Table on Market opportunity by End-Use Industry ($ billion)
12 Customer Landscape
- 12.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
13 Geographic Landscape
- 13.1 Geographic segmentation
- Chart on Market share by geography 2024-2029 (%)
- Data Table on Market share by geography 2024-2029 (%)
- 13.2 Geographic comparison
- Chart on Geographic comparison
- Data Table on Geographic comparison
- 13.3 North America - Market size and forecast 2024-2029
- Chart on North America - Market size and forecast 2024-2029 ($ billion)
- Data Table on North America - Market size and forecast 2024-2029 ($ billion)
- Chart on North America - Year-over-year growth 2024-2029 (%)
- Data Table on North America - Year-over-year growth 2024-2029 (%)
- 13.4 Europe - Market size and forecast 2024-2029
- Chart on Europe - Market size and forecast 2024-2029 ($ billion)
- Data Table on Europe - Market size and forecast 2024-2029 ($ billion)
- Chart on Europe - Year-over-year growth 2024-2029 (%)
- Data Table on Europe - Year-over-year growth 2024-2029 (%)
- 13.5 APAC - Market size and forecast 2024-2029
- Chart on APAC - Market size and forecast 2024-2029 ($ billion)
- Data Table on APAC - Market size and forecast 2024-2029 ($ billion)
- Chart on APAC - Year-over-year growth 2024-2029 (%)
- Data Table on APAC - Year-over-year growth 2024-2029 (%)
- 13.6 South America - Market size and forecast 2024-2029
- Chart on South America - Market size and forecast 2024-2029 ($ billion)
- Data Table on South America - Market size and forecast 2024-2029 ($ billion)
- Chart on South America - Year-over-year growth 2024-2029 (%)
- Data Table on South America - Year-over-year growth 2024-2029 (%)
- 13.7 Middle East and Africa - Market size and forecast 2024-2029
- Chart on Middle East and Africa - Market size and forecast 2024-2029 ($ billion)
- Data Table on Middle East and Africa - Market size and forecast 2024-2029 ($ billion)
- Chart on Middle East and Africa - Year-over-year growth 2024-2029 (%)
- Data Table on Middle East and Africa - Year-over-year growth 2024-2029 (%)
- 13.8 US - Market size and forecast 2024-2029
- Chart on US - Market size and forecast 2024-2029 ($ billion)
- Data Table on US - Market size and forecast 2024-2029 ($ billion)
- Chart on US - Year-over-year growth 2024-2029 (%)
- Data Table on US - Year-over-year growth 2024-2029 (%)
- 13.9 China - Market size and forecast 2024-2029
- Chart on China - Market size and forecast 2024-2029 ($ billion)
- Data Table on China - Market size and forecast 2024-2029 ($ billion)
- Chart on China - Year-over-year growth 2024-2029 (%)
- Data Table on China - Year-over-year growth 2024-2029 (%)
- 13.10 Germany - Market size and forecast 2024-2029
- Chart on Germany - Market size and forecast 2024-2029 ($ billion)
- Data Table on Germany - Market size and forecast 2024-2029 ($ billion)
- Chart on Germany - Year-over-year growth 2024-2029 (%)
- Data Table on Germany - Year-over-year growth 2024-2029 (%)
- 13.11 Canada - Market size and forecast 2024-2029
- Chart on Canada - Market size and forecast 2024-2029 ($ billion)
- Data Table on Canada - Market size and forecast 2024-2029 ($ billion)
- Chart on Canada - Year-over-year growth 2024-2029 (%)
- Data Table on Canada - Year-over-year growth 2024-2029 (%)
- 13.12 Japan - Market size and forecast 2024-2029
- Chart on Japan - Market size and forecast 2024-2029 ($ billion)
- Data Table on Japan - Market size and forecast 2024-2029 ($ billion)
- Chart on Japan - Year-over-year growth 2024-2029 (%)
- Data Table on Japan - Year-over-year growth 2024-2029 (%)
- 13.13 India - Market size and forecast 2024-2029
- Chart on India - Market size and forecast 2024-2029 ($ billion)
- Data Table on India - Market size and forecast 2024-2029 ($ billion)
- Chart on India - Year-over-year growth 2024-2029 (%)
- Data Table on India - Year-over-year growth 2024-2029 (%)
- 13.14 South Korea - Market size and forecast 2024-2029
- Chart on South Korea - Market size and forecast 2024-2029 ($ billion)
- Data Table on South Korea - Market size and forecast 2024-2029 ($ billion)
- Chart on South Korea - Year-over-year growth 2024-2029 (%)
- Data Table on South Korea - Year-over-year growth 2024-2029 (%)
- 13.15 UK - Market size and forecast 2024-2029
- Chart on UK - Market size and forecast 2024-2029 ($ billion)
- Data Table on UK - Market size and forecast 2024-2029 ($ billion)
- Chart on UK - Year-over-year growth 2024-2029 (%)
- Data Table on UK - Year-over-year growth 2024-2029 (%)
- 13.16 France - Market size and forecast 2024-2029
- Chart on France - Market size and forecast 2024-2029 ($ billion)
- Data Table on France - Market size and forecast 2024-2029 ($ billion)
- Chart on France - Year-over-year growth 2024-2029 (%)
- Data Table on France - Year-over-year growth 2024-2029 (%)
- 13.17 Brazil - Market size and forecast 2024-2029
- Chart on Brazil - Market size and forecast 2024-2029 ($ billion)
- Data Table on Brazil - Market size and forecast 2024-2029 ($ billion)
- Chart on Brazil - Year-over-year growth 2024-2029 (%)
- Data Table on Brazil - Year-over-year growth 2024-2029 (%)
- 13.18 Market opportunity by geography
- Market opportunity by geography ($ billion)
- Data Tables on Market opportunity by geography ($ billion)
- 13.19 Rest of World (ROW) - Market size and forecast (2024-2029)
- Chart on Rest of World (ROW) - Market size and forecast (2024-2029) ($ billion)
- Data Table on Rest of World (ROW) - Market size and forecast (2024-2029) ($ billion)
- Chart on Rest of World (ROW) - Year-over-year growth (2024-2029) (%)
- Data Table on Rest of World (ROW) - Year-over-year growth (2024-2029) (%)
14 Drivers, Challenges, and Opportunity/Restraints
- 14.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2024 and 2029
- 14.4 Market opportunities/restraints
15 Competitive Landscape
- 15.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
- 15.3 Landscape disruption
- Overview on factors of disruption
- 15.4 Industry risks
- Impact of key risks on business
16 Competitive Analysis
- 16.2 Market positioning of companies
- Matrix on companies position and classification
- 16.3 Adyen NV
- Adyen NV - Overview
- Adyen NV - Product / Service
- Adyen NV - Key offerings
- 16.4 Alipay.com Co Ltd.
- Alipay.com Co Ltd. - Overview
- Alipay.com Co Ltd. - Product / Service
- Alipay.com Co Ltd. - Key offerings
- 16.5 American Express Co.
- American Express Co. - Overview
- American Express Co. - Product / Service
- American Express Co. - Key offerings
- 16.6 BTRS Holdings Inc.
- BTRS Holdings Inc. - Overview
- BTRS Holdings Inc. - Product / Service
- BTRS Holdings Inc. - Key offerings
- 16.7 Caxton FX Ltd.
- Caxton FX Ltd. - Overview
- Caxton FX Ltd. - Product / Service
- Caxton FX Ltd. - Key offerings
- 16.8 Citigroup Inc.
- Citigroup Inc. - Overview
- Citigroup Inc. - Product / Service
- Citigroup Inc. - Key offerings
- 16.9 Edenred SE
- Edenred SE - Overview
- Edenred SE - Product / Service
- Edenred SE - Key offerings
- 16.10 Green Dot Corp.
- Green Dot Corp. - Overview
- Green Dot Corp. - Product / Service
- Green Dot Corp. - Key offerings
- 16.11 HSBC Holdings Plc
- HSBC Holdings Plc - Overview
- HSBC Holdings Plc - Product / Service
- HSBC Holdings Plc - Key offerings
- 16.12 JPMorgan Chase & Co.
- JPMorgan Chase & Co. - Overview
- JPMorgan Chase & Co. - Product / Service
- JPMorgan Chase & Co. - Key offerings
- 16.13 Marqeta Inc.
- Marqeta Inc. - Overview
- Marqeta Inc. - Product / Service
- Marqeta Inc. - Key offerings
- 16.14 Mastercard Inc.
- Mastercard Inc. - Overview
- Mastercard Inc. - Product / Service
- Mastercard Inc. - Key offerings
- 16.15 MineralTree Inc.
- MineralTree Inc. - Overview
- MineralTree Inc. - Product / Service
- MineralTree Inc. - Key offerings
- 16.16 Paysafe Ltd.
- Paysafe Ltd. - Overview
- Paysafe Ltd. - Product / Service
- Paysafe Ltd. - Key offerings
- 16.17 Stripe Inc.
- Stripe Inc. - Overview
- Stripe Inc. - Product / Service
- Stripe Inc. - Key offerings
- 16.18 Travelex International Ltd.
- Travelex International Ltd. - Overview
- Travelex International Ltd. - Product / Service
- Travelex International Ltd. - Key offerings
- 16.19 U.S. Bancorp
- U.S. Bancorp - Overview
- U.S. Bancorp - Product / Service
- U.S. Bancorp - Key offerings
- 16.20 Visa Inc.
- Visa Inc. - Overview
- Visa Inc. - Product / Service
- Visa Inc. - Key offerings
- 16.21 WEX Inc.
- WEX Inc. - Overview
- WEX Inc. - Product / Service
- WEX Inc. - Key offerings
- 16.22 Wise Payments Ltd.
- Wise Payments Ltd. - Overview
- Wise Payments Ltd. - Product / Service
- Wise Payments Ltd. - Key offerings
- 16.23 Adyen NV
- Adyen NV - Overview
- Adyen NV - Product / Service
- Adyen NV - Key offerings
- 16.24 American Express Co.
- American Express Co. - Overview
- American Express Co. - Product / Service
- American Express Co. - Key offerings
- 16.25 BTRS Holdings Inc.
- BTRS Holdings Inc. - Overview
- BTRS Holdings Inc. - Product / Service
- BTRS Holdings Inc. - Key offerings
- 16.26 Caxton FX Ltd.
- Caxton FX Ltd. - Overview
- Caxton FX Ltd. - Product / Service
- Caxton FX Ltd. - Key offerings
- 16.27 Citigroup Inc.
- Citigroup Inc. - Overview
- Citigroup Inc. - Product / Service
- Citigroup Inc. - Key offerings
- 16.28 Edenred SE
- Edenred SE - Overview
- Edenred SE - Product / Service
- Edenred SE - Key offerings
- 16.29 Green Dot Corp.
- Green Dot Corp. - Overview
- Green Dot Corp. - Product / Service
- Green Dot Corp. - Key offerings
- 16.30 HSBC Holdings Plc
- HSBC Holdings Plc - Overview
- HSBC Holdings Plc - Product / Service
- HSBC Holdings Plc - Key offerings
- 16.31 JPMorgan Chase and Co.
- JPMorgan Chase and Co. - Overview
- JPMorgan Chase and Co. - Product / Service
- JPMorgan Chase and Co. - Key offerings
- 16.32 Marqeta Inc.
- Marqeta Inc. - Overview
- Marqeta Inc. - Product / Service
- Marqeta Inc. - Key offerings
- 16.33 Mastercard Inc.
- Mastercard Inc. - Overview
- Mastercard Inc. - Product / Service
- Mastercard Inc. - Key offerings
- 16.34 Paysafe Ltd.
- Paysafe Ltd. - Overview
- Paysafe Ltd. - Product / Service
- Paysafe Ltd. - Key offerings
- 16.35 Stripe Inc.
- Stripe Inc. - Overview
- Stripe Inc. - Product / Service
- Stripe Inc. - Key offerings
- 16.36 Travelex International Ltd.
- Travelex International Ltd. - Overview
- Travelex International Ltd. - Product / Service
- Travelex International Ltd. - Key offerings
- 16.37 U.S. Bancorp
- U.S. Bancorp - Overview
- U.S. Bancorp - Product / Service
- U.S. Bancorp - Key offerings
- 16.38 Visa Inc.
- Visa Inc. - Overview
- Visa Inc. - Product / Service
- Visa Inc. - Key offerings
- 16.39 Walmart Inc.
- Walmart Inc. - Overview
- Walmart Inc. - Product / Service
- Walmart Inc. - Key offerings
- 16.40 Western Union Holdings Inc.
- Western Union Holdings Inc. - Overview
- Western Union Holdings Inc. - Product / Service
- Western Union Holdings Inc. - Key offerings
- 16.41 WEX Inc.
- WEX Inc. - Overview
- WEX Inc. - Product / Service
- WEX Inc. - Key offerings
- 16.42 Wise Payments Ltd.
- Wise Payments Ltd. - Overview
- Wise Payments Ltd. - Product / Service
- Wise Payments Ltd. - Key offerings
17 Appendix
- 17.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
- 17.3 Currency conversion rates for US$
- Currency conversion rates for US$
- 17.4 Research methodology
- 17.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
- 17.9 360 degree market analysis
- 360 degree market analysis
- 17.10 List of abbreviations
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases

DATA ANALYSIS
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts

REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape