Payment Card Issuance Software Market Report 2026

The payment card issuance software market size has grown rapidly in recent years. It will grow from $2.07 billion in 2025 to $2.31 billion in 2026 at a compound annual growth rate (CAGR) of 11.6%. The growth in the historic period can be attributed to expansion of electronic payment adoption, growth of banking digitization initiatives, increasing issuance of debit and prepaid cards, rising fintech platform adoption, demand for faster card delivery.

The payment card issuance software market size is expected to see rapid growth in the next few years. It will grow to $3.53 billion in 2030 at a compound annual growth rate (CAGR) of 11.2%. The growth in the forecast period can be attributed to increasing demand for embedded finance solutions, rising adoption of cloud-native banking software, expansion of digital wallets and virtual cards, growing focus on real-time fraud analytics, increased regulatory compliance automation. Major trends in the forecast period include increasing adoption of instant digital card issuance, rising demand for cloud-based card management platforms, growing integration with core banking and payment networks, expansion of virtual and tokenized card offerings, enhanced focus on fraud prevention and compliance automation.

The growing digitization of banking services is expected to drive the growth of the payment card issuance software market. Digitization of banking services involves converting traditional banking operations into digital formats, allowing customers to access financial services through online and mobile platforms with greater convenience, speed, and security. This trend is fueled by increasing consumer demand for convenient, real time, and contactless financial transactions across mobile and online channels. The digitization of banking services supports the payment card issuance software market by increasing demand for secure, automated, and real time issuance of physical and virtual cards, enabling seamless digital transactions. For example, in July 2024, the Banque de France reported that the total number of non cash payments in the euro area rose by 6.6 percent, reaching 71.2 billion in the second half of 2023 compared to the same period in 2022. Therefore, the increasing digitization of banking services is driving the growth of the payment card issuance software market.

Leading companies in the payment card issuance software market are focusing on developing advanced solutions such as cloud native payment processing systems to improve scalability, speed, and flexibility in issuing and managing payment cards. Cloud native payment processing platforms are systems built and deployed entirely in cloud environments, using microservices architecture and containerization to enable real time scalability, high availability, and seamless integration with digital banking services. For example, in February 2024, Thought Machine, a UK based cloud banking technology company, launched Vault Payments, a cloud native card and payment processing platform designed to enhance modern payment card processing capabilities. Vault Payments builds on Thought Machine’s core banking platform by introducing a flexible and programmable payments engine that allows banks to issue, process, and manage payment cards in real time across multiple schemes and regions. The platform offers high performance and customization, catering to the needs of traditional banks, fintechs, and digital first challengers, allowing them to design differentiated card products and services. It supports integration with various card networks, real time payment rails, and fraud prevention tools, making it suitable for global financial institutions seeking modern and secure payment infrastructure. By combining modular architecture with operational speed and flexibility, Vault Payments provides a versatile solution for transforming digital card issuance and processing.

In February 2023, Marqeta Inc., a US-based financial technology company, acquired Power Finance for $275 million. Through this acquisition, Marqeta sought to enhance its card-issuance technology stack by incorporating Power’s customizable credit-card program management features, allowing quicker deployment of modern credit products for banks and fintechs. Power Finance Inc. is a US-based financial technology company specializing in developing configurable credit-card issuance software and APIs that enable businesses to create, launch, and manage credit card programs.

Major companies operating in the payment card issuance software market are SAP SE, TietoEVRY Corporation, Stripe Inc., ACI Worldwide Inc., Galileo Financial Technologies Inc., Entrust Corporation, Marqeta Inc., Pleo Solutions ApS, Clai Payments AB, Nium Pte. Ltd., MagTek Inc., OpenWay Group, CoreCard Software LLC, TAS Group S.p.A., High Tech Payment Systems Group, Silverlake Symmetri Sdn Bhd, Bento for Business Inc., Harland Clarke Holdings Corp., HST Payment Group Ltd., BankWorld, Matica Technologies AG, NBS Technologies Limited.

North America was the largest region in the payment card issuance software market in 2025. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the payment card issuance software market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the payment card issuance software market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The payment card issuance software market consists of revenues earned by entities by providing services such as digital and physical card issuance services, instant card issuance services, and core banking system integration services. The market value includes the value of related goods sold by the service provider or included within the service offering. The payment card issuance software market also includes sales of card printers, card embossers, card encoders, and card lamination machines. 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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