Global value of virtual card transactions to grow by nearly 400% in 5 years

Virtual cards, secure digital cards with randomly generated details, will show strong growth as they are increasingly used for B2B payments

virtual card

Global value of virtual card transactions to grow by nearly 400% in 5 years. Source: shutterstock.com

According to Juniper Research, the global value of virtual card transactions will reach $6.8 trillion in 2026, from $1.9 trillion in 2021.

The research identified that businesses will value the simplicity of virtual cards, compared to the expensive and slow methods still being used, such as cheque payments, which remain popular in the US.

Besides, it 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, totaling 71% of the 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.

We’ve reported that More than half of Americans are in financial recovery mode.

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