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Annual Instantly Issued Digital Payment Cards

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Physical and Digital Instant Issuance: Migrating to a “Phygital" Experience

Report | 2Q 2023 | AN-5797

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North America will emerge as one of the largest markets for digital instant issuance, climbing from 92.3 million digital instant issuance shipments in 2022 to 276.3 million in 2027 as a result of the increasing adoption rate of online payments and digital transactions. Virtual cards are proliferating as financial organizations in this region are increasingly focusing on providing digital services, while also pushing for secure and smart payment methods.