The global virtual cards market is anticipated to grow at a CAGR of 20% during the forecast period. Technology covers the entire ecosystem of hardware, software, and services that are critical for the implementation of 5G networks. It enhances mobile broadband, ultra-reliable low latency communications, and massive machine-type communications. According to geeksforgeeks.org, The 5G Wireless Technology is the 5th generation of mobile networks and an evolution from the current 4G LTE networks. It is specially designed to fulfill the demands of current technological trends, which include a large growth in data and almost global connectivity along with the increasing interest in the Internet of Things.
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Smartphones come integrated with innovative technology development such as 5G is Bolster the Growth of the virtual card market globally with the advancement in technology and increasing government initiatives for digital transformation. According to, Mastercard In March 2021, Within the last five years, digital payment acceptance has accelerated around the globe as software or cloud-based point-of-sale solutions are increasingly deployed onto tablets and smartphones. As the cost of connectivity and overall technology falls. 5G changed the business and technology of payments with Low-cost connectivity and real-time access to hyperintelligent services Beyond accelerating the trends of the last two decades and creating new avenues for innovation and profit, 5G will invite opportunities to rethink where, how, and with whom payment transactions occur.
Global Virtual Cards Market Report Segment
By Product Type
- B2B Virtual Card
- B2C Remote Payment Virtual Cards
- B2C Point-of-Sale (POS) Virtual Cards
By Industry Vertical
- Media and Entertainment
- Hospitality
- Consumer Goods
- Others (Energy & Utilities, Advertising, and Education)
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Company Profiles
- Aci worldwide Inc.
- Adyen
- Bento Technologies Inc.
- BTRS Holdings, Inc.
- Citigroup Inc.
- Cryptopay Ltd
- DBS Bank Ltd
- EPayService
- HSBC Group Companies
- Marqeta, Inc.
- MasterCard
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