Virtual Cards Market: 2025-2029

Juniper Research forecasts that the total revenue for virtual cards per annum is expected to grow from $X.X billion in XXXX to $XX.X billion in XXXX; growing at a CAGR of XX.X% over the forecast period. The business-to-business (BXB) sector will account for the highest value of virtual card payments, comprising XX.X% of total virtual card value by XXXX. This is because, although it experiences lower transaction volumes than the business-to-consumer (BXC) market, BXB transactions involve higher-ticket purchases related to procurement, supplier payments, and service contracts. Furthermore, BXB payments are more likely than consumer payments to be in bulk or by the shipment, which further drives up the average transaction value compared to smaller, consumer-level purchases.