LAMEA Virtual Cards Market Size, Share & Industry Trends Analysis Report By Product Type (B2B, B2C and C2B), By Card Type (Credit and Debit), By Application (Business Use and Consumer Use), By Country and Growth Forecast, 2022 - 2028

The Latin America, Middle East and Africa Virtual Cards Market would witness market growth of 22.5% CAGR during the forecast period (2022-2028).

It is anticipated that the increased demand for an additional layer of security, such as tokenization within the digital payment gateway system, will fuel the market for virtual cards. Additionally, the tokenization technology used in virtual cards has several advantages for both customers and businesses, including improved user experience, lower costs associated with security, and others. Additionally, by incorporating tokenization into these cards, retailers may move data between networks while safeguarding the sensitive data of their customers.

In the coming years, these variables are anticipated to produce a favorable picture for the market. One of the key elements driving the adoption of virtual cards is the expanding use of cell phones on a global scale. Progressively incorporating cutting-edge technological innovations like 5G into cellphones that provide users with higher levels of customer satisfaction, manufacturers are boosting market expansion. Moreover, as internet use spreads around the world, an increase in digital payments is fueling a need for virtual cards.

The potential of cashless transactions in Africa has sparked a rush to transform the digital payment environment in the region. However, the prevailing belief is that the market is still highly fragmented despite years of significant expenditures and the presence of major firms striving to shape its infrastructure. The processing of digital payments throughout the region is complicated by the variety of payment methods in various nations—banks, mobile money wallets, and cards—and the challenge of managing online transactions in several local currencies. Hence, the growth of the regional virtual cards market is estimated to rise at a very significant rate in the coming years.

The Brazil market dominated the LAMEA Virtual Cards Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $631.6 million by 2028. The Argentina market is anticipated to grow at a CAGR of 23.2% during (2022 - 2028). Additionally, The UAE market is estimated to witness a CAGR of 22.2% during (2022 - 2028).

Based on Product Type, the market is segmented into B2B, B2C and C2B. Based on Card Type, the market is segmented into Credit and Debit. Based on Application, the market is segmented into Business Use and Consumer Use.Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.

Free Valuable Insights: The Global Virtual Cards Market is Predict to reach $37.5 Billion by 2028, at a CAGR of 19.1%

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Mastercard, Inc., American Express Kabbage Inc., JPMorgan Chase & Co., Stripe, Inc., Adyen N.V., BTRS Holdings Inc., Wise Payments Limited, Marqeta Inc., Skrill USA, Inc., and Wex, Inc.

Scope of the Study

Market Segments Covered in the Report:

By Product Type

• B2B
• B2C
• C2B

By Card Type

• Credit
• Debit

By Application

• Business Use
• Consumer Use

By Country

• Brazil
• Argentina
• UAE
• Saudi Arabia
• South Africa
• Nigeria
• Rest of LAMEA

Key Market Players

List of Companies Profiled in the Report:

• Mastercard, Inc.
• American Express Kabbage Inc.
• JPMorgan Chase & Co.
• Stripe, Inc.
• Adyen N.V.
• BTRS Holdings Inc.
• Wise Payments Limited
• Marqeta Inc.
• Skrill USA, Inc.
• Wex, Inc.

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA Virtual Cards Market, by Product Type
1.4.2 LAMEA Virtual Cards Market, by Card Type
1.4.3 LAMEA Virtual Cards Market, by Application
1.4.4 LAMEA Virtual Cards Market, by Country
1.5 Methodology for the research

Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market composition and scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints

Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.2.4 Geographical Expansions
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2018-2022)
3.3.2 Key Strategic Move: (Partnerships, Collaborations & Agreements: 2019, Oct – 2022, Jun) Leading Players

Chapter 4. LAMEA Virtual Cards Market by Product Type
4.1 LAMEA B2B Market by Country
4.2 LAMEA B2C Market by Country
4.3 LAMEA C2B Market by Country

Chapter 5. LAMEA Virtual Cards Market by Card Type
5.1 LAMEA Credit Market by Country
5.2 LAMEA Debit Market by Country

Chapter 6. LAMEA Virtual Cards Market by Application
6.1 LAMEA Business Use Market by Country
6.2 LAMEA Consumer Use Market by Country

Chapter 7. LAMEA Virtual Cards Market by Country
7.1 Brazil Virtual Cards Market
7.1.1 Brazil Virtual Cards Market by Product Type
7.1.2 Brazil Virtual Cards Market by Card Type
7.1.3 Brazil Virtual Cards Market by Application
7.2 Argentina Virtual Cards Market
7.2.1 Argentina Virtual Cards Market by Product Type
7.2.2 Argentina Virtual Cards Market by Card Type
7.2.3 Argentina Virtual Cards Market by Application
7.3 UAE Virtual Cards Market
7.3.1 UAE Virtual Cards Market by Product Type
7.3.2 UAE Virtual Cards Market by Card Type
7.3.3 UAE Virtual Cards Market by Application
7.4 Saudi Arabia Virtual Cards Market
7.4.1 Saudi Arabia Virtual Cards Market by Product Type
7.4.2 Saudi Arabia Virtual Cards Market by Card Type
7.4.3 Saudi Arabia Virtual Cards Market by Application
7.5 South Africa Virtual Cards Market
7.5.1 South Africa Virtual Cards Market by Product Type
7.5.2 South Africa Virtual Cards Market by Card Type
7.5.3 South Africa Virtual Cards Market by Application
7.6 Nigeria Virtual Cards Market
7.6.1 Nigeria Virtual Cards Market by Product Type
7.6.2 Nigeria Virtual Cards Market by Card Type
7.6.3 Nigeria Virtual Cards Market by Application
7.7 Rest of LAMEA Virtual Cards Market
7.7.1 Rest of LAMEA Virtual Cards Market by Product Type
7.7.2 Rest of LAMEA Virtual Cards Market by Card Type
7.7.3 Rest of LAMEA Virtual Cards Market by Application

Chapter 8. Company Profiles
8.1 Mastercard, Inc.
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Regional Analysis
8.1.4 Recent strategies and developments:
8.1.4.1 Partnerships, Collaborations, and Agreements:
8.1.4.2 Product Launches and Product Expansions:
8.1.4.3 Acquisition and Mergers:
8.2 American Express Kabbage Inc. (American Express Company)
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 Recent strategies and developments:
8.2.4.1 Partnerships, Collaborations, and Agreements:
8.3 JPMorgan Chase & Co. (Wepay, Inc.)
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.3.4 Recent strategies and developments:
8.3.4.1 Partnerships, Collaborations, and Agreements:
8.3.4.2 Product Launches and Product Expansions:
8.3.4.3 Acquisition and Mergers:
8.4 Stripe, Inc.
8.4.1 Company Overview
8.4.2 Recent strategies and developments:
8.4.2.1 Partnerships, Collaborations, and Agreements:
8.4.2.2 Acquisition and Mergers:
8.4.2.3 Geographical Expansions:
8.5 Adyen N.V.
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Regional Analysis
8.5.4 Recent strategies and developments:
8.5.4.1 Product Launches and Product Expansions:
8.6 BTRS Holdings Inc. (Billtrust)
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Segmental Analysis
8.6.4 Research & Development Expenses
8.7 Wise Payments Limited
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Regional Analysis
8.7.4 Recent strategies and developments:
8.7.4.1 Partnerships, Collaborations, and Agreements:
8.7.4.2 Geographical Expansions:
8.8 Marqeta, Inc.
8.8.1 Company Overview
8.8.2 Financial Analysis
8.8.3 Research & Development Expenses
8.8.4 Recent strategies and developments:
8.8.4.1 Partnerships, Collaborations, and Agreements:
8.9 Skrill USA, Inc. (PaySafe Ltd.)
8.9.1 Company Overview
8.9.2 Financial Analysis
8.9.3 Segmental and Regional Analysis
8.10. WEX, Inc.
8.10.1 Company Overview
8.10.2 Financial Analysis
8.10.3 Segmental and Regional Analysis
8.10.4 Recent strategies and developments:
8.10.4.1 Partnerships, Collaborations, and Agreements:
8.10.4.2 Acquisition and Mergers:
8.10.4.3 Geographical Expansions:

TABLE 1 LAMEA Virtual Cards Market, 2018 - 2021, USD Million
TABLE 2 LAMEA Virtual Cards Market, 2022 - 2028, USD Million
TABLE 3 Partnerships, Collaborations and Agreements – Virtual Cards Market
TABLE 4 Product Launches And Product Expansions – Virtual Cards Market
TABLE 5 Acquisition and Mergers – Virtual Cards Market
TABLE 6 Geographical Expansions – Virtual Cards Market
TABLE 7 LAMEA Virtual Cards Market by Product Type, 2018 - 2021, USD Million
TABLE 8 LAMEA Virtual Cards Market by Product Type, 2022 - 2028, USD Million
TABLE 9 LAMEA B2B Market by Country, 2018 - 2021, USD Million
TABLE 10 LAMEA B2B Market by Country, 2022 - 2028, USD Million
TABLE 11 LAMEA B2C Market by Country, 2018 - 2021, USD Million
TABLE 12 LAMEA B2C Market by Country, 2022 - 2028, USD Million
TABLE 13 LAMEA C2B Market by Country, 2018 - 2021, USD Million
TABLE 14 LAMEA C2B Market by Country, 2022 - 2028, USD Million
TABLE 15 LAMEA Virtual Cards Market by Card Type, 2018 - 2021, USD Million
TABLE 16 LAMEA Virtual Cards Market by Card Type, 2022 - 2028, USD Million
TABLE 17 LAMEA Credit Market by Country, 2018 - 2021, USD Million
TABLE 18 LAMEA Credit Market by Country, 2022 - 2028, USD Million
TABLE 19 LAMEA Debit Market by Country, 2018 - 2021, USD Million
TABLE 20 LAMEA Debit Market by Country, 2022 - 2028, USD Million
TABLE 21 LAMEA Virtual Cards Market by Application, 2018 - 2021, USD Million
TABLE 22 LAMEA Virtual Cards Market by Application, 2022 - 2028, USD Million
TABLE 23 LAMEA Business Use Market by Country, 2018 - 2021, USD Million
TABLE 24 LAMEA Business Use Market by Country, 2022 - 2028, USD Million
TABLE 25 LAMEA Consumer Use Market by Country, 2018 - 2021, USD Million
TABLE 26 LAMEA Consumer Use Market by Country, 2022 - 2028, USD Million
TABLE 27 LAMEA Virtual Cards Market by Country, 2018 - 2021, USD Million
TABLE 28 LAMEA Virtual Cards Market by Country, 2022 - 2028, USD Million
TABLE 29 Brazil Virtual Cards Market, 2018 - 2021, USD Million
TABLE 30 Brazil Virtual Cards Market, 2022 - 2028, USD Million
TABLE 31 Brazil Virtual Cards Market by Product Type, 2018 - 2021, USD Million
TABLE 32 Brazil Virtual Cards Market by Product Type, 2022 - 2028, USD Million
TABLE 33 Brazil Virtual Cards Market by Card Type, 2018 - 2021, USD Million
TABLE 34 Brazil Virtual Cards Market by Card Type, 2022 - 2028, USD Million
TABLE 35 Brazil Virtual Cards Market by Application, 2018 - 2021, USD Million
TABLE 36 Brazil Virtual Cards Market by Application, 2022 - 2028, USD Million
TABLE 37 Argentina Virtual Cards Market, 2018 - 2021, USD Million
TABLE 38 Argentina Virtual Cards Market, 2022 - 2028, USD Million
TABLE 39 Argentina Virtual Cards Market by Product Type, 2018 - 2021, USD Million
TABLE 40 Argentina Virtual Cards Market by Product Type, 2022 - 2028, USD Million
TABLE 41 Argentina Virtual Cards Market by Card Type, 2018 - 2021, USD Million
TABLE 42 Argentina Virtual Cards Market by Card Type, 2022 - 2028, USD Million
TABLE 43 Argentina Virtual Cards Market by Application, 2018 - 2021, USD Million
TABLE 44 Argentina Virtual Cards Market by Application, 2022 - 2028, USD Million
TABLE 45 UAE Virtual Cards Market, 2018 - 2021, USD Million
TABLE 46 UAE Virtual Cards Market, 2022 - 2028, USD Million
TABLE 47 UAE Virtual Cards Market by Product Type, 2018 - 2021, USD Million
TABLE 48 UAE Virtual Cards Market by Product Type, 2022 - 2028, USD Million
TABLE 49 UAE Virtual Cards Market by Card Type, 2018 - 2021, USD Million
TABLE 50 UAE Virtual Cards Market by Card Type, 2022 - 2028, USD Million
TABLE 51 UAE Virtual Cards Market by Application, 2018 - 2021, USD Million
TABLE 52 UAE Virtual Cards Market by Application, 2022 - 2028, USD Million
TABLE 53 Saudi Arabia Virtual Cards Market, 2018 - 2021, USD Million
TABLE 54 Saudi Arabia Virtual Cards Market, 2022 - 2028, USD Million
TABLE 55 Saudi Arabia Virtual Cards Market by Product Type, 2018 - 2021, USD Million
TABLE 56 Saudi Arabia Virtual Cards Market by Product Type, 2022 - 2028, USD Million
TABLE 57 Saudi Arabia Virtual Cards Market by Card Type, 2018 - 2021, USD Million
TABLE 58 Saudi Arabia Virtual Cards Market by Card Type, 2022 - 2028, USD Million
TABLE 59 Saudi Arabia Virtual Cards Market by Application, 2018 - 2021, USD Million
TABLE 60 Saudi Arabia Virtual Cards Market by Application, 2022 - 2028, USD Million
TABLE 61 South Africa Virtual Cards Market, 2018 - 2021, USD Million
TABLE 62 South Africa Virtual Cards Market, 2022 - 2028, USD Million
TABLE 63 South Africa Virtual Cards Market by Product Type, 2018 - 2021, USD Million
TABLE 64 South Africa Virtual Cards Market by Product Type, 2022 - 2028, USD Million
TABLE 65 South Africa Virtual Cards Market by Card Type, 2018 - 2021, USD Million
TABLE 66 South Africa Virtual Cards Market by Card Type, 2022 - 2028, USD Million
TABLE 67 South Africa Virtual Cards Market by Application, 2018 - 2021, USD Million
TABLE 68 South Africa Virtual Cards Market by Application, 2022 - 2028, USD Million
TABLE 69 Nigeria Virtual Cards Market, 2018 - 2021, USD Million
TABLE 70 Nigeria Virtual Cards Market, 2022 - 2028, USD Million
TABLE 71 Nigeria Virtual Cards Market by Product Type, 2018 - 2021, USD Million
TABLE 72 Nigeria Virtual Cards Market by Product Type, 2022 - 2028, USD Million
TABLE 73 Nigeria Virtual Cards Market by Card Type, 2018 - 2021, USD Million
TABLE 74 Nigeria Virtual Cards Market by Card Type, 2022 - 2028, USD Million
TABLE 75 Nigeria Virtual Cards Market by Application, 2018 - 2021, USD Million
TABLE 76 Nigeria Virtual Cards Market by Application, 2022 - 2028, USD Million
TABLE 77 Rest of LAMEA Virtual Cards Market, 2018 - 2021, USD Million
TABLE 78 Rest of LAMEA Virtual Cards Market, 2022 - 2028, USD Million
TABLE 79 Rest of LAMEA Virtual Cards Market by Product Type, 2018 - 2021, USD Million
TABLE 80 Rest of LAMEA Virtual Cards Market by Product Type, 2022 - 2028, USD Million
TABLE 81 Rest of LAMEA Virtual Cards Market by Card Type, 2018 - 2021, USD Million
TABLE 82 Rest of LAMEA Virtual Cards Market by Card Type, 2022 - 2028, USD Million
TABLE 83 Rest of LAMEA Virtual Cards Market by Application, 2018 - 2021, USD Million
TABLE 84 Rest of LAMEA Virtual Cards Market by Application, 2022 - 2028, USD Million
TABLE 85 key Information – Mastercard, Inc.
TABLE 86 Key Information – American Express Kabbage Inc.
TABLE 87 key information – JPMorgan Chase & Co.
TABLE 88 Key information – Stripe, inc.
TABLE 89 Key Information – Adyen N.V.
TABLE 90 Key Information – BTRS Holdings Inc.
TABLE 91 Key Information – Wise Payments Limited
TABLE 92 Key Information – Marqeta, Inc.
TABLE 93 Key Information – Skrill Usa, Inc.
TABLE 94 Key Information – WEX, Inc.

List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2018-2022)
FIG 4 Key Strategic Move: (Partnerships, Collaborations & Agreements: 2019, Oct – 2022, Jun) Leading Players
FIG 5 Recent strategies and developments: Mastercard, Inc.
FIG 6 Recent strategies and developments: JPMorgan Chase & Co.
FIG 7 Recent strategies and developments: Stripe, Inc.
FIG 8 Recent strategies and developments: Wex, Inc.