Latin America Virtual Cards Market Size & Outlook
Latin America virtual cards market, 2018-2030 (US$M)
Related Markets
Latin America virtual cards market highlights
- The Latin America virtual cards market generated a revenue of USD 1,553.8 million in 2023.
- The market is expected to grow at a CAGR of 21.5% from 2024 to 2030.
- In terms of segment, credit cards was the largest revenue generating card type in 2023.
- Credit Cards is the most lucrative card type segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 1,553.8 million |
| Market revenue in 2030 | USD 6,066.5 million |
| Growth rate | 21.5% (CAGR from 2023 to 2030) |
| Largest segment | Credit cards |
| Fastest growing segment | Credit Cards |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Debit Cards, Credit Cards |
| Key market players worldwide | American Express Co, The OLB Group Inc, Marqeta Inc Class A, WEX Inc, Adyen NV, Mastercard Inc Class A, JPMorgan Chase & Co, Wise PLC Class A, Skrill, Stripe, Paysafe Ltd Ordinary Shares - Class A |
Other key industry trends
- In terms of revenue, Latin America region accounted for 9.8% of the global virtual cards market in 2023.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 12,553.5 million by 2030.
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Virtual Cards Market Scope
Virtual Cards Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America virtual cards market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to virtual cards market will help companies and investors design strategic landscapes.
Credit cards was the largest segment with a revenue share of 65.52% in 2023. Horizon Databook has segmented the Latin America virtual cards market based on debit cards, credit cards covering the revenue growth of each sub-segment from 2018 to 2030.
- Latin America Virtual Cards Card Type Outlook (Revenue, USD Million, 2018-2030)
- Plastic
- Metal
- Debit Cards
- Credit Cards
- Latin America Virtual Cards End Use Outlook (Revenue, USD Million, 2018-2030)
- Retail
- Transportation
- Healthcare
- Hospitality
- Government
- Others
- Consumer Use
- Business Use
- Latin America Virtual Cards Product Outlook (Revenue, USD Million, 2018-2030)
- B2B Virtual Cards
- B2C Remote Payment Virtual Cards
- C2B POS Virtual Cards
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Our clientele includes a mix of virtual cards market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America virtual cards market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America virtual cards market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Latin America virtual cards market size, by country, 2018-2030 (US$M)
Latin America Virtual Cards Market Outlook Share, 2023 & 2030 (US$M)
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