UK Virtual Cards Market Size & Outlook, 2023-2030

The virtual cards market in UK is expected to reach a projected revenue of US$ 4,431.5 million by 2030. A compound annual growth rate of 20.3% is expected of UK virtual cards market from 2024 to 2030.
Revenue, 2023 (US$M)
$1,218.8
Forecast, 2030 (US$M)
$4,431.5
CAGR, 2024 - 2030
20.3%
Report Coverage
UK

UK virtual cards market highlights

  • The UK virtual cards market generated a revenue of USD 1,218.8 million in 2023 and is expected to reach USD 4,431.5 million by 2030.
  • The UK market is expected to grow at a CAGR of 20.3% 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.

Virtual cards market data book summary

Market revenue in 2023USD 1,218.8 million
Market revenue in 2030USD 4,431.5 million
Growth rate20.3% (CAGR from 2023 to 2030)
Largest segmentCredit cards
Fastest growing segmentCredit Cards
Historical data2018 - 2022
Base year2023
Forecast period2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationDebit Cards, Credit Cards
Key market players worldwideAmerican 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, UK accounted for 7.7% of the global virtual cards market in 2023.
  • Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
  • In Europe, UK virtual cards market is projected to lead the regional market in terms of revenue in 2030.
  • Germany is the fastest growing regional market in Europe and is projected to reach USD 3,406.4 million by 2030.

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Virtual Cards Market Companies

Name Profile # Employees HQ Website

UK 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 65.01% in 2023. Horizon Databook has segmented the UK virtual cards market based on debit cards, credit cards covering the revenue growth of each sub-segment from 2018 to 2030.


  • UK Virtual Cards Card Type Outlook (Revenue, USD Million, 2018-2030)
    • Plastic
    • Metal
    • Debit Cards
    • Credit Cards
  • UK Virtual Cards End Use Outlook (Revenue, USD Million, 2018-2030)
    • Retail
    • Transportation
    • Healthcare
    • Hospitality
    • Government
    • Others
    • Consumer Use
    • Business Use
  • UK 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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Horizon Databook provides a detailed overview of country-level data and insights on the UK virtual cards market , including forecasts for subscribers. This country databook contains high-level insights into UK virtual cards market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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UK virtual cards market size, by card type, 2018-2030 (US$M)

UK Virtual Cards Market Outlook Share, 2023 & 2030 (US$M)

UK virtual cards market size, by card type, 2018-2030 (US$M)

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