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The Virtual Card market is a subset of the Mobile and Contactless Payments industry. It is a payment method that allows customers to make purchases online or in-store without the need for a physical card. Virtual Cards are typically linked to a customer’s bank account or credit card, and are used to make payments through a mobile device or contactless payment terminal. This payment method is becoming increasingly popular due to its convenience and security.
Virtual Card providers offer a range of services, such as fraud protection, real-time transaction monitoring, and the ability to set spending limits. This makes them an attractive option for customers who want to make secure payments without the hassle of carrying a physical card.
Some of the companies in the Virtual Card market include Apple Pay, Google Pay, Samsung Pay, PayPal, and Visa Checkout. Show Less Read more