![]() Ěwareness about the Virtual Credit Card Through Advertisements and Marketing.ĝemand for Transparency and Spend Visibility.Technological Advancement in Virtual Credit Card. ![]() Increasing Commercial Usage of Virtual Credit Card.The collaboration enables OPay consumers and merchants in the region to engage with brands and businesses anywhere across the globe, with a Mastercard virtual payment solution linked to the OPay eWallet. On 19th May 2022, Mastercard and fintech giant OPay announced a strategic partnership, which marks a significant boost for wider financial inclusion and economic prosperity by opening up digital commerce to millions of people across Middle East and Africa. It decreases the chances of credit card fraud as the information on virtual credit cards can not be used by fraudsters. They are connected to the traditional account as a free add on for improved security, transparency and spend visibility. They can be used only for online transactions to mask the credit card's sensitive data by using the uniquely generated card number. ![]() (United States), Cryptopay Ltd (United Kingdom), Skrill (United Kingdom), Wirecard AG (Germany).įree Sample Report + All Related Graphs & Charts Ī virtual credit card is an electronic card that can be created by using the bank's net banking facility by providing credit card details. (United States), Emburse, LLC (Certify Inc.) (United States), Mastercard Incorporated (United States), Marqeta, Inc. (United States), The American Express Company (United States), Apple (United States), Payscout, Inc.
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