A new study from Juniper Research has found that the value of virtual card payments will grow 235% by 2029; rising from $5.2 trillion in 2025. This represents significant acceleration compared with 2021 to 2025, during which time virtual card transaction values grew by 175%. This acceleration will be fuelled by growth in the subscription economy in both B2B and consumer markets; driving a surge in demand for seamless recurring payment solutions that virtual cards are uniquely positioned to deliver.
Virtual Cards Simplify Subscription Management, Creating Opportunities
The report identified the rise in subscription-based services will drive the increased adoption of virtual cards, as businesses and consumers seek more efficient ways to manage recurring payments. Virtual cards are optimised for managing subscriptions via the ability to set limits, track payments in real-time, and assign virtual cards to specific subscriptions or companies. This will be especially valuable in B2B markets, as companies seek to balance automation with oversight when making high-value recurring payments.
The Emerging Markets Opportunity
The research also found that consumers in emerging markets are seeking convenient payment methods to access digital subscriptions from overseas companies; creating a lucrative opportunity for virtual card providers. To harness this and bypass the low level of banking penetration in emerging markets, virtual card providers should partner with telecoms companies to offer virtual cards to their vast customer bases.
Research author Lorien Carter commented “Collaborating with local telecoms companies is crucial for connecting financially excluded consumers to the international digital subscription market. To appeal to this group, virtual card providers should innovate their cross-border capabilities, particularly by improving their multi-currency functionalities.”
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Find out more: Global Virtual Cards Market 2025-2029, or download a free sample.
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
