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The virtual cards market in Europe is forecasted to grow by USD 237.2 billion during 2023-2028, accelerating at a CAGR of 27.18% during the forecast period.
The market is driven by high adoption of contactless payment solutions, increasing internet penetration, and focus on high customer satisfaction. This study identifies the growing new developments as one of the prime reasons driving the virtual cards market growth in Europe during the next few years. Also, the emergence of NFC-based payment technology and integration of virtual cards with blockchain technology will lead to sizable demand in the market.
The report provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as key vendor analysis.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.
The report on the virtual cards market in Europe covers the following areas:
- Virtual cards market sizing
- Virtual cards market forecast
- Virtual cards market industry analysis
The virtual cards market in Europe is segmented as below:
By Product
- B2B virtual cards
- B2C remote payment virtual cards
- B2C POS virtual cards
By Application
- Business use
- Consumer use
By Geographical Landscape
- Europe
The report provides a detailed analysis of several leading virtual cards market vendors in Europe including Aion, Apple, Bank of China, Barclays, Bharti Airtel, bunq, Capital One Financial, Deutsche Lufthansa, Global Payments Inc., Klarna Bank, Marqeta, Mastercard, Monese, Paysafe, Qonto, Revolut, Sabre Corp., State Bank of India, Stripe and WEX.
Also, the virtual cards market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Table of Contents
Executive Summary
The following companies are recognized as the key players in the virtual cards market in Europe: Aion SA, Apple Inc., Bank of China Ltd., Barclays PLC, Bharti Airtel Ltd., bunq B.V., Capital One Financial Corp., Deutsche Lufthansa AG, Global Payments Inc., Klarna Bank AB, Marqeta Inc., Mastercard Inc., Monese Ltd., Paysafe Ltd., Qonto, Revolut Ltd., Sabre Corp., State Bank of India, Stripe Inc., and WEX Inc..Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is growing new developments."
According to the report, one of the major drivers for this market is the high adoption of contactless payment solutions.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Aion SA
- Apple Inc.
- Bank of China Ltd.
- Barclays PLC
- Bharti Airtel Ltd.
- bunq B.V.
- Capital One Financial Corp.
- Deutsche Lufthansa AG
- Global Payments Inc.
- Klarna Bank AB
- Marqeta Inc.
- Mastercard Inc.
- Monese Ltd.
- Paysafe Ltd.
- Qonto
- Revolut Ltd.
- Sabre Corp.
- State Bank of India
- Stripe Inc.
- WEX Inc.
