Advanced Payment Cards Industry Data Book - Virtual Cards, Dual Interface Payment Card, and Biometric Payment Cards Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 - 2030
Grand View Research’s advanced payment cards sector database is a collection of market sizing information & forecasts, regulatory data, reimbursement structure, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, all such information is systematically analyzed and provided in the form of presentations and detailed outlook reports on individual areas of research.
Access the Global Advanced Payment Cards Industry Data Book, 2023 to 2030, compiled with details like trade data, pricing intelligence, and competitive benchmarking.
Virtual Cards Market Report Highlights
The global Virtual Cards Market size was valued at USD 13.31 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 20.9% from 2023 to 2030.
- 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 period. The growth of the segment can be attributed to the increasing real-time digital disbursements in mobile platforms worldwide.
- The business use segment is anticipated to dominate the market during the forecast period. Businesses across the globe are adopting virtual card payments to streamline their payment processes and meet their evolving customer needs, which is one of the vital factors that propelled the segmental growth in 2022.
- The Asia Pacific regional market is expected to witness the fastest growth during the projected period. The increasing internet penetration across the region is expected to play a decisive role in driving regional market growth.
Dual Interface Payment Card Market Report Highlights
The global dual interface payment card market was valued at USD 7.10 billion in 2022, growing at a CAGR of 16.7% from 2023 to 2030
- The metal segment is expected to witness the fastest growth during the forecast period. The innovative technological advancements such as fingerprint sensor embedded into cards for biometric payment processing is expected to drive the growth
- The retail segment dominated the market in 2021 owing to the increasing usage of credit cards for online payments. For instance, according to the data released by RBI in march 2022, credit card payments made for e-commerce purchases were 76% more compared to in-store swipes
- The Asia Pacific regional market is expected to witness the fastest growth during the forecast period. The growing awareness of contactless payments across the region is expected to play a decisive role in driving the regional growth
Order your copy of Free Sample of “Advanced Payment Cards Industry Data Book - Virtual Cards, Dual Interface Payment Card, and Biometric Payment Cards Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 - 2030” Data Book, published by Grand View Research
Biometric Payment Cards Market Report Highlights
The global Biometric Payment Cards Market size was valued at USD 0.09 billion in 2022 and is expected to grow at compound annual growth rate (CAGR) of 68.3% from 2023 to 2030.
- The credit cards segment is the emerging segment and is expected to witness significant growth during the forecast period. Credit cards are widely used by individuals across the globe for making payments and availing easy EMIs
- The retail segment is expected to witness the highest growth during the forecast period. The adoption of contactless payments as well as the credit and debit card acceptance by the retailers is propelling the growth of the segment
- The Europe segment is expected to witness significant growth during the forecast period. Europe is home to key market players that are increasingly entering into partnerships to offer biometric payment cards
Go through the table of content of Advanced Payment Cards Industry Data Book to get a better understanding of the Coverage & Scope of the study
Competitive Landscape
To endure the fierce competition, prominent market participants have formulated innovative concepts and ideas, improved their existing product lineup, and bolstered their profitability. The companies collaborated to leverage expertise and resources to fasten the launch and commercialization of the biometric payment cards. Partnerships often were focused on completing the pilot projects and the launch of new biometric payment cards with increased efficiency in usage and features.
Key players operating in the Advanced Payment Cards Industry are:
- American Express Company
- JPMorgan Chase & Co.
- Mastercard
- Marqeta, Inc
- Skrill USA, Inc.
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Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
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