Mobile Payment Secure Digital Cards Market Report 2026

The mobile payment secure digital cards market size has grown rapidly in recent years. It will grow from $36.82 billion in 2025 to $41.81 billion in 2026 at a compound annual growth rate (CAGR) of 13.6%. The growth in the historic period can be attributed to expansion of smartphone-based payments, growth of e-commerce transactions, increased adoption of contactless payment infrastructure, rising consumer trust in digital payments, widespread availability of mobile wallets.

The mobile payment secure digital cards market size is expected to see rapid growth in the next few years. It will grow to $68.82 billion in 2030 at a compound annual growth rate (CAGR) of 13.3%. The growth in the forecast period can be attributed to increasing demand for frictionless payment experiences, rising adoption of digital currencies, expansion of embedded finance models, growing focus on zero-trust security frameworks, increasing regulatory support for digital payments. Major trends in the forecast period include increasing adoption of tokenized payment credentials, rising use of contactless secure digital cards, growing integration with mobile wallets, expansion of biometric authentication features, enhanced focus on payment data security.

Rising smartphone penetration rates are expected to drive the growth of the mobile payment secure digital cards market in the coming years. Smartphone penetration refers to the share of a population that owns or frequently uses a smartphone in a particular region or market. This rise is largely due to greater internet accessibility, the availability of affordable smartphones, and increased demand for mobile digital services. Higher smartphone usage supports the adoption of mobile payment secure digital cards by offering easy access to digital wallets, making them suitable for secure and contactless payments. These cards reduce the need for physical cards by providing instant, tokenized transactions, which enhance convenience and security for users. For example, in October 2023, the GSM Association, a UK-based non-profit organization, reported that around 4.3 billion people - representing 53% of the global population - were using their smartphones to access the internet. Additionally, about 80% of mobile internet users had adopted 4G or 5G smartphones, marking an increase of 330 million people between 2022 and 2023. As a result, the rise in smartphone penetration is significantly contributing to the growth of the mobile payment secure digital cards market.

Leading companies in the mobile payment secure digital cards market are prioritizing the development of advanced solutions, such as mobile virtual card applications, to improve secure and contactless payment experiences. These mobile virtual card apps generate temporary, secure card numbers on smartphones, allowing users to make online or contactless payments without needing a physical card. For instance, in April 2024, Mastercard Inc., a US-based credit card company, introduced the Mastercard Mobile Virtual Card App designed to simplify and secure travel and business expense processes. The app enables users to add virtual commercial cards to digital wallets and offers enhanced security through biometric authentication and tokenization. It also includes advanced spending controls to ensure policy compliance, provides real-time transaction tracking across various financial institutions, and features a user-friendly interface for automatic reconciliation.

In November 2024, Mastercard Inc., a US-based financial services provider, collaborated with National Westminster Bank Public Limited to introduce a mobile virtual card solution. This initiative aims to streamline, secure, and digitize corporate payments for businesses in the UK by offering mobile virtual cards that replace physical cards, improve control and security, and accelerate business-related expenditures. National Westminster Bank Public Limited is a UK-based retail bank that provides services to personal, business, and corporate clients.

Major companies operating in the mobile payment secure digital cards market are American Express Company, Mastercard Inc, Thales S.A., STMicroelectronics N.V., Infineon Technologies AG, NXP Semiconductors N.V., Giesecke+Devrient GmbH, IDEMIA Identity And Security France SAS, Revolut Ltd., HID Global Corporation, Entrust Corporation, Marqeta Inc., CPI Card Group Inc., Shanghai Fudan Microelectronics Group Company Limited, Freecharge Payment Technologies Private Limited, Eastcompeace Technology Co. Ltd., Goldpac Group Co. Ltd., Paymentology Limited, Feitian Technologies Co. Ltd., One MobiKwik Systems Limited.

North America was the largest region in the mobile payment secure digital cards market in 2025. The regions covered in the mobile payment secure digital cards market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the mobile payment secure digital cards market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The mobile payment secure digital cards market consists of revenues earned by entities by providing services such as secure payment processing, contactless transactions, digital wallet integration, secure credential storage and two-factor authentication support. The market value includes the value of related goods sold by the service provider or included within the service offering. The mobile payment secure digital cards market also includes of sales of mini secure digital cards, secure digital input output cards, embedded secure digital cards, high-capacity secure digital cards and extended-capacity secure digital cards. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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