Virtual Cards Market to Hit $60.06 Billion by 2030: Grand View Research, Inc.
PayPal Holdings, Inc. (PYPL)
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Source: PR Newswire
SAN FRANCISCO, Sept. 29, 2022 /PRNewswire/ -- The global virtual cards market size is expected to reach USD 60.06 billion by 2030, expanding at a CAGR of 20.7% from 2022 to 2030, according to a new study conducted by Grand View Research, Inc. The increasing usage of digital payment platforms is creating the demand for virtual cards worldwide, which is anticipated to drive the growth of the market. In addition, various types of virtual cards offer the consumer a particular set of benefits, such as efficiency and convenience, which also bodes well for the growth of the market.Key Industry Insights & Findings from the report:The credit card segment is expected to witness the fastest growth during the forecast period. The growing e-commerce businesses worldwide is expected to drive the demand for virtual credit card among consumers, thereby contributing to the segment's growth.The B2C remote payment virtual cards segment is expected to witness significant growth during the projected perio
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