Juniper Research: Virtual Card Transaction Values to Increase by 370% Globally in Five Years
Virtual cards, secure digital cards with randomly generated details, will show strong growth as they are increasingly used for B2B payments.
- Virtual cards, secure digital cards with randomly generated details, will show strong growth as they are increasingly used for B2B payments.
- The new research, Virtual Cards: B2B and B2C Applications, Competitive Analysis & Market Forecasts 2021-2026 , predicts that outside of the dynamic B2B market, the added security from virtual cards will also appeal to the consumer market.
- The report found that B2B payments will continue to account for the majority of virtual cards transaction value; totalling 71% of total value in 2026.
- While B2B sales occur less frequently, yielding under 1% of transaction volume in 2026, average transaction values are much higher in the B2B segment.