Middle East & Africa Virtual Cards Market Size & Outlook
Middle East & Africa virtual cards market, 2018-2030 (US$M)
Related Markets
MEA virtual cards market highlights
- The MEA virtual cards market generated a revenue of USD 430.2 million in 2023.
- The market is expected to grow at a CAGR of 21.8% 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, South Africa is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 430.2 million |
| Market revenue in 2030 | USD 1,711.8 million |
| Growth rate | 21.8% (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, MEA region accounted for 2.7% 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 |
|---|
Middle East & Africa 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 65.99% in 2023. Horizon Databook has segmented the Middle East & Africa virtual cards market based on debit cards, credit cards covering the revenue growth of each sub-segment from 2018 to 2030.
- Middle East & Africa Virtual Cards Card Type Outlook (Revenue, USD Million, 2018-2030)
- Plastic
- Metal
- Debit Cards
- Credit Cards
- Middle East & Africa Virtual Cards End Use Outlook (Revenue, USD Million, 2018-2030)
- Retail
- Transportation
- Healthcare
- Hospitality
- Government
- Others
- Consumer Use
- Business Use
- Middle East & Africa 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 Middle East & Africa virtual cards market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa virtual cards market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA virtual cards market size, by country, 2018-2030 (US$M)
Middle East & Africa Virtual Cards Market Outlook Share, 2023 & 2030 (US$M)
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