Virtual Cards: The Future of Business Spending
Update: 2025-12-23
Description
Virtual cards are gaining traction as businesses seek to optimize payment tech with smaller teams and fewer vendors. PNC Bank has enhanced its business payments unit, enabling traditional card accounts to transform into virtual cards for automated payments, tight budgeting, and policy controls. Partnering with Extend, PNC offers a mobile and web platform for issuing virtual cards, setting spending limits, and tracking expenses in real-time. The demand for virtual cards is surging, particularly among small businesses, as they simplify vendor payments, remote buying, and department budgets. The industry is evolving, with Mastercard, Visa, BMO, and Citizens introducing virtual card tools and mobile wallet features. Transactions are projected to soar from 36 billion in 2023 to 175 billion by 2028, making virtual cards indispensable for smarter, safer business spending.
The Daily News Now! — Every city. Every story. AI-powered.
Hosted on Acast. See acast.com/privacy for more information.
Comments
In Channel
Download from Google Play
Download from App Store
United States00:00
00:00
x
