Commercial Virtual Card Payments To Exceed 1 Trillion By 2022 Juniper expects consumer virtual cards to generate over $14 billion in revenues for card providers by 2022, primarily from remote purchases. companies offering these services are typically positioned as protecting consumers’ privacy, offering other digital id based services alongside virtual cards. A new study from juniper research found that the annual value of virtual cards (temporary card numbers only available for a single transaction or limited time) used by businesses will grow 90% over the next four years; exceeding $1 trillion by 2022. this is up from an estimated $568 million in 2019.
Virtual Card Payments To Exceed 1 Trillion By 2022 Mactech Juniper expects consumer virtual cards to generate over $14 billion in revenues for card providers by 2022, primarily from remote purchases. companies offering these services are typically. A new report has found that the annual value of virtual cards (temporary card numbers only available for a single transaction or limited time) used by businesses will grow 90% over the next four years; exceeding $1 trillion by 2022. this is up from an estimated $568 million in 2019. The new research notes that financial services will be the fastest growing adopter of virtual cards, with transaction volumes growing at an average of 18.3% between 2019 and 2022. Tmcnet news juniper research: commercial virtual card payments to exceed $1 trillion by 2022, but will struggle to broaden appeal.
2022 Virtual Card Solutions Strategic Treasurer The new research notes that financial services will be the fastest growing adopter of virtual cards, with transaction volumes growing at an average of 18.3% between 2019 and 2022. Tmcnet news juniper research: commercial virtual card payments to exceed $1 trillion by 2022, but will struggle to broaden appeal.
2022 Virtual Card Solutions Strategic Treasurer
Comments are closed.