Authored By: Sarah
11 Oct 2023

Billion-Dollar Europe-Virtual Cards Market Analysis | Market expansion of USD 132.23 Bn forecasted through 2023-2027

Rising adoption of contactless payment solutions, followed by increasing Internet penetration is transforming the Europe-Virtual Cards Market. It is a billion-dollar market in making with a revenue forecast of USD 132.23 Bn, followed by forecasted revenue growth at a CAGR of 20.56% between 2022 and 2027.

Europe-Virtual Cards Market: Segment Highlights

  • The market can be segmented by product (B2B virtual cards, B2C remote payment virtual cards, and B2C POS virtual cards) and application (business use and consumer use).
  • When it comes to the fastest-growing market segment, the B2B virtual cards segment will be significant during the forecast period in Europe in terms of value in 2022, owing to a surge in real-time digital disbursements in mobile platforms aided by the growing penetration of the Internet in the region. 

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Snapshot of Europe-Virtual Cards Market  Analysis

"The High adoption of contactless payment solutions will drive the growth prospects for the global Virtual Cards Market in Europe during the forecast period ", ~ says a Senior Research Analyst at Technavio.

Europe-Virtual Cards Market: Competitive Analysis

Leading companies such as 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., etc are some of the major market players in the Europe-Virtual Cards Market context, that comes with a wide range of offerings for the consumers. 

Technavio evaluates the market with a detailed investigation into the market forces, emerging trends, and growth drivers. It also provides competitive benchmarking to equip clients with actionable insights that will help them navigate through the current market scenario.  Request a sample report today and gain all the insights from the market landscape of the region.

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