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Virtual Cards Market Projected to Reach $89.93 billion by 2030 – Exclusive Report by 360iResearch

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PUNE, India, April 22, 2024 /PRNewswire/ — The report titled Virtual Cards Market by Card (Credit Card, Debit Card), Product (B2B Virtual Cards, B2C Remote Payment Virtual Cards, C2B POS Virtual Cards), Issuer Type, Application – Global Forecast 2024-2030is now available on 360iResearch.com’s offering, presents an analysis indicating that the market projected to grow from a size of $28.54 billion in 2023 to reach $89.93 billion by 2030, at a CAGR of 17.81% over the forecast period.

Virtual Cards Revolutionize Secure Online Payments Globally

Virtual cards, the digital equivalents of traditional physical cards, are transforming the way online transactions are conducted with their unique blend of convenience and security. Virtual cards are created and utilized solely online, furnished with all essential details such as a card number, CVV, and an expiration date for immediate use upon issuance. This innovation in digital payment is emerging as a popular choice across the globe, from individual consumers to large corporations, owing to its ability to offer heightened security against fraud, streamline payment processes, and significantly improve financial management and oversight. In the Americas, particularly the USA and Canada, the surge in virtual card adoption is mainly attributed to the demand for safer online transaction methods. Similar growth trends are observed in South America, Europe, the MEA region, and Africa, primarily driven by digital transformation initiatives, regulatory support for secure payments, and the increasing desire for financial inclusion. The Asia-Pacific region exhibits rapid advancements in virtual card usage, powered by widespread smartphone usage, eCommerce growth, and fintech innovations. As the world continues to shift toward digital payment methods, virtual cards represent a significant step forward in ensuring transactional security and convenience on a global scale.

Download Sample Report @ https://www.360iresearch.com/library/intelligence/virtual-cards

Revolutionizing Secure and Convenient Online Payments Amidst Growing Digital Transactions

The rapid transition to online shopping, digital services, and the need for secure, streamlined financial transactions have highlighted the significance of virtual cards in today’s digital economy. As eCommerce and online marketplaces expand, making purchases more accessible, the necessity for payment solutions that are both secure and tailored becomes paramount. Virtual cards have emerged as a pivotal solution, offering enhanced security through unique card numbers for each transaction or merchant, effectively minimizing the risk of fraud and unauthorized access. This innovation is particularly vital in an era where cyber threats to personal and financial information are escalating. Moreover, the shift toward remote work and the digital consumption of services have highlighted the importance of having varied and secure online payment options. Virtual cards stand out for their convenience and ease of use, being readily generated, easily managed, and seamlessly integrated with mobile wallets and online payment platforms. Their ability to offer a safer, more efficient payment experience makes them a preferred choice for consumers and businesses, aligning with the demands for more secure and user-friendly payment methods in the digital transformation.

Enhancing Security and Convenience for Online Consumers

Virtual cards are revolutionizing the way consumers make online purchases and book travel, connecting directly to their credit line or bank account, depending on the card type. Virtual credit cards, against a pre-set credit limit, offer a layer of security by shielding the actual credit card information during online transactions, thus significantly reducing the risk of fraud. They are an ideal choice for those frequently shopping online, booking travel, or subscribing to services, which provide a safer and more convenient payment method. Virtual debit cards, which draw from the funds available in one’s bank account, appeal to users prioritizing spending within their budget and relishing the benefits of digital payment solutions. These cards are perfect for online purchases, managing subscriptions, and certain bill payments. Virtual credit and debit cards are increasingly valuable to consumers navigating the digital marketplace by facilitating controlled spending and enhancing transaction security.

Request Analyst Support @ https://www.360iresearch.com/library/intelligence/virtual-cards

American Express Company at the Forefront of Virtual Cards Market with a Strong 8.71% Market Share

The key players in the Virtual Cards Market include Mastercard International Incorporated, Wells Fargo & Company, American Express Company, Visa Inc., Citigroup Inc., and others. These prominent players focus on strategies such as expansions, acquisitions, joint ventures, and developing new products to strengthen their market positions.

Introducing ThinkMi: Revolutionizing Market Intelligence with AI-Powered Insights for the Virtual Cards Market

We proudly unveil ThinkMi, a cutting-edge AI product designed to transform how businesses interact with the Virtual Cards Market. ThinkMi stands out as your premier market intelligence partner, delivering unparalleled insights with the power of artificial intelligence. Whether deciphering market trends or offering actionable intelligence, ThinkMi is engineered to provide precise, relevant answers to your most critical business questions. This revolutionary tool is more than just an information source; it’s a strategic asset that empowers your decision-making with up-to-the-minute data, ensuring you stay ahead in the fiercely competitive Virtual Cards Market. Embrace the future of market analysis with ThinkMi, where informed decisions lead to remarkable growth.

Ask Question to ThinkMi @ https://app.360iresearch.com/library/intelligence/virtual-cards

Dive into the Virtual Cards Market Landscape: Explore 182 Pages of Insights, 370 Tables, and 24 Figures

  1. Preface
  2. Research Methodology
  3. Executive Summary
  4. Market Overview
  5. Market Insights
  6. Virtual Cards Market, by Card
  7. Virtual Cards Market, by Product
  8. Virtual Cards Market, by Issuer Type
  9. Virtual Cards Market, by Application
  10. Americas Virtual Cards Market
  11. Asia-Pacific Virtual Cards Market
  12. Europe, Middle East & Africa Virtual Cards Market
  13. Competitive Landscape
  14. Competitive Portfolio

Inquire Before Buying @ https://www.360iresearch.com/library/intelligence/virtual-cards

Related Reports:

  1. Card Payments Market – Global Forecast 2024-2030
  2. Smart Cards Market – Global Forecast 2024-2030
  3. Contactless Smart Card Market – Global Forecast 2024-2030

About 360iResearch

Founded in 2017, 360iResearch is a market research and business consulting company headquartered in India, with clients and focus markets spanning the globe.

We are a dynamic, nimble company that believes in carving ambitious, purposeful goals and achieving them with the backing of our greatest asset — our people.

Quick on our feet, we have our ear to the ground when it comes to market intelligence and volatility. Our market intelligence is diligent, real-time and tailored to your needs, and arms you with all the insight that empowers strategic decision-making.

Our clientele encompasses about 80% of the Fortune Global 500, and leading consulting and research companies and academic institutions that rely on our expertise in compiling data in niche markets. Our meta-insights are intelligent, impactful and infinite, and translate into actionable data that support your quest for enhanced profitability, tapping into niche markets, and exploring new revenue opportunities.

Contact 360iResearch
Mr. Ketan Rohom
360iResearch Private Limited,
Office No. 519, Nyati Empress,
Opposite Phoenix Market City,
Vimannagar, Pune, Maharashtra,
India – 411014.
Email: [email protected]
USA: +1-530-264-8485
India: +91-922-607-7550

To learn more, visit 360iresearch.com or follow us on LinkedIn, Twitter, and Facebook.

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Nine Scots companies to join major European fintech conference

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FinTech Scotland, in collaboration with Scottish Development International (SDI), has announced that nine Scottish fintech companies will participate in Europe’s largest fintech conference, Money20/20, in Amsterdam from June 4-6.

The companies – Modulr, Zumo, Inicio AI, Autorek, Predictiva, Br-dge, Appointedd, Encompass, and CopyLab – will represent Scotland’s fintech sector as part of the UK Department for Business and Trade’s (DBT) broader delegation.

Hosted at the DBT pavilion, the Scottish delegation will showcase the country’s leadership and innovation in the fintech sector, highlighting its global influence. FinTech Scotland and SDI will share the pavilion with other regional fintech groups part of the UK Fintech National Network, including Fintech Wales, Fintech Northern Ireland, Supertech West Midlands, Fintech North as well as Fintech Alliance and Barclays Rise.

FinTech Scotland and SDI have planned a series of activities designed to maximise the event’s impact for Scottish fintechs.

These include:

  • Discussions with country experts on European regulations, to support fintech’s exporting services.
  • Building meaningful connections with a networking event with over 200 European fintechs.
  • A series of investor pitching and networking events, driving investment for future growth and international expansion.
  • A series of panel discussions focused on expert insights on growing an international fintech business.
  • Capturing the key learning and expert insights from across the conference with a series of podcasts live from the event.

Additionally, FinTech Scotland’s strategic partner TSB will share one of the main stages with Scottish fintech Inicio AI to discuss fintech collaboration.

Nicola Anderson, CEO of FinTech Scotland, said: “We are thrilled to have a strong presence at Money2020, where we will highlight the immense talent, innovation, and leadership that Scotland brings to the fintech sector.

“This partnership is an essential part of our broader strategy to support the growth and scaling up of fintech companies. We look forward to meaningful collaboration and opportunities that this global event will provide as well as developing new connections.”

Reuben Aitken, managing director of international operations at Scottish Enterprise, said: “With a rich history in financial services, internationally renowned universities and an innovative tech scene, Scotland’s fintech sector enjoys an incredibly strong global reputation.

“Money20/20 is Europe’s largest fintech event and we look forward to joining FinTech Scotland in showcasing the very best the sector in Scotland has to offer, opening doors for Scottish companies to international markets and delivering investment opportunities here in Scotland in the process.”

Source: scottishfinancialnews.com

The post Nine Scots companies to join major European fintech conference appeared first on HIPTHER Alerts.

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GTN and Finansia unlock Thai investing with fractional trading and global markets access

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SINGAPORE, May 22, 2024 /PRNewswire/ — GTN, a global fintech redefining investing and trading for all, has been selected by Finansia Syrus Securities Public Company (“Finansia”), one of Thailand’s leading full-service brokerages and wealth management houses, to streamline and enhance its clients’ trading and investment experience.

Through GTN Trade, GTN’s co-branded global trading platform, Finansia will broaden its coverage to 29 global markets and launch fractional trading opportunities across equities and ETFs. This will allow Thai investors with smaller capital to participate in high-value stocks, US equities, and a broader range of global assets.

“Finansia’s goal of providing expanded global marketing access to Thai retail investors resonates with GTN’s vision of making investing and trading accessible to all,” stated Julien Le Noble, CEO of GTN Asia. “We are pleased to support Finansia’s growth as their partner of choice and to empower Thai investors to unlock a world of possibilities through fractional trading and global market access.”

Finansia will offer its clients the ability to invest in previously inaccessible stocks through fractional trading and access to a diverse range of equities and ETFs from markets worldwide.

“At Finansia, we are committed to broadening the investment universe and making global investment opportunities accessible to Thai investors,” said Mr Chuangchai Nawongs, CEO of Finansia. “Our partnership with GTN perfectly complements this mission by introducing a trading platform that consolidates 29 major global markets altogether along with US fractional trading. We believe this collaboration will empower Thai investors to participate in global markets with well-informed knowledge and confidence as we provide the best possible trading solution across multiple devices.”

With this partnership, GTN and Finansia are poised to reshape the investment landscape in Thailand, making global markets more accessible and empowering Thai investors to take greater control of their financial futures.

About GTN
GTN is a fintech pioneer with decades of success, holding broker-dealer and capital markets services licenses in multiple jurisdictions through subsidiaries. We are committed to empowering brokers, banks, asset managers, and fintechs with scalable and innovative investment and trading solutions that enable access to a comprehensive network of global markets and multiple asset classes, making investment and trading accessible to all. Our investment and trading solutions offer seamless integration with the existing services of regulated financial firms and fintechs via our co-branded front ends and versatile API suite. Inspired by embedded finance, our API suite provides the adaptability to develop bespoke trading/investment applications or incorporate GTN features into existing platforms, enhancing their value proposition. In addition, our comprehensive global trading ecosystem includes best-in-class execution, custody, and post-trade solutions.

We bring together a diverse team of over 450 talented individuals spread across Dubai, Singapore, South Africa, Sri Lanka, the UK, and the US, united by a shared passion and purpose: empowering clients and transforming the accessibility to investment and trading opportunities for all. We are backed by strategic investors IFC, a member of the World Bank Group, and SBI Ventures Singapore Pte. Ltd., a group company of SBI Holdings, Inc., one of the largest financial services firms listed on the Tokyo Stock Exchange. To learn more, visit www.gtngroup.com or follow us on LinkedIn.

About Finansia
Finansia Syrus Securities PCL, was established in 2002 and is one of the industry leaders in full-service brokerage in Thailand. We offer a wide range of products and services with a dominant position in Brokerage Business, Investment Banking and Wealth Management for both individual, institutional and corporate investors with key focuses on digital platforms and comprehensive investment products. We hold licenses from the Securities and Exchange Commission of Thailand (“SEC”) to operate multiple areas of business including Securities Brokerage, Securities Trading, Investment Advisory, Underwriting, and Stock Borrowing and Lending.

At Finansia our main missions are to provide excellent services that are easily accessible to individual investors and offer sound investment advice to achieve above benchmark returns with integrated multi-asset investment products. In addition to product offerings, we have always been keen on using technology to leverage our capabilities in different arenas and to offer clients the best-in-class investment experience.

Our more than 300,000 clients across Thailand entrust us with their investment goals as we serve them through our extensive distribution channel of more than 400 relationship managers to assist clients in achieving their investment objectives among multiple investment products. For more information, please visit https://www.fnsyrus.com/mc03/ 

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Qiming Venture Partners Promotes Alex Zhou to Managing Partner

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SHANGHAI, May 23, 2024 /PRNewswire/ — Qiming Venture Partners, a global-leading venture capital firm, is pleased to announce the promotion of Alex Zhou to Managing Partner.

As a Qiming home-grown Managing Partner, Alex first joined the firm in 2014 as a Vice President and has since emerged as one of the most active investors in frontier technologies, especially in the field of artificial intelligence. Alex will join fellow Managing Partners Duane Kuang, Nisa Leung and William Hu in managing Qiming’s operations.

In the past few years, Alex has actively participated in or led investments in many outstanding technology companies across the artificial intelligence, robotics, semiconductors, new energy vehicles, and software sectors. Notable among these include Roborock, UBTech, Unisound, Biren Technology, ROX Motor, VIEWTRIX Technology, Zhipu AI, Mech-Mind Robotics, Axera, HyperStrong, DeepWay, etc.

“I am deeply grateful for the guidance and trust I received from Qiming over the past 10 years.” Alex said. “We are at the forefront of a new wave of technological revolution. This era will undoubtedly bring about many bold innovators who will shape the future. Together with all the Managing Partners and colleagues at Qiming, I am excited and fully committed to seize the opportunities, embrace any potential challenges, explore new possibilities and build a better Qiming.”

Since its inception 18 years ago, Qiming has always committed to upgrading its institutional capabilities and team development in order to stay ahead in an ever-evolving technological and market landscape. The success achieved in the fields of healthcare, mobile internet and frontier technology is a testament to this strategic approach. Alex’s promotion to the most senior position in the firm demonstrates Qiming’s continued confidence in the future of technology innovation.

About Qiming Venture Partners

Qiming Venture Partners was founded in 2006. Currently, Qiming Venture Partners manages eleven US Dollar funds and seven RMB funds with $9.5 billion in capital raised. Since our establishment, we have invested in outstanding companies in the Technology and Consumer (T&C) and Healthcare industries at the early and growth stages.

Since our debut, we have backed over 530 fast-growing and innovative companies. Over 200 of our portfolio companies have achieved exits through IPOs at the NYSE, NASDAQ, HKEX, Shanghai Stock Exchange, or Shenzhen Stock Exchange, or through M&A or other means. There are also over 70 portfolio companies that have achieved unicorn or super unicorn status.

Many of our portfolio companies are today’s most influential firms in their respective sectors, including Xiaomi, Meituan, Bilibili, Zhihu, Roborock, Gan & Lee Pharmaceuticals, Tigermed, Zai Lab, CanSino Biologics, Schrödinger, APT Medical, New Horizon Health, Sanyou Medical, AmoyDx, Berry Genomics, SinocellTech, UBTech, Yuanxin Technology, Caidya, Belief BioMed, WeRide, among many others.

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