The global payment card issuance software market is anticipated to grow at a significant CAGR during the forecast period. The major factor for the growth of the market is the increasing number of connected and digitally active consumers. The rising adoption of smartphones and significant rise in the number of internet users are some key factors that are accelerating the market growth. The payment card issuance software supports the generation of physical and virtual payment cards for several businesses and financial institutes. While banks use this software technology to issue cards for their customers; companies on the other hand use this software to issue and generate cards for their employees.
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The corporate business cards use the same technologies and are used to track business-related spending by supporting employees to separate business and personal finances. In September 2021, Entrust announced the acquisition of Antelop Solutions, a financial technology company that issues digital credit and debit cards to its customer. This acquisition will enable Entrust to provide various services such as token management, NFC payments, secure interface, and create integrated, seamless digital transactions. Some players operating in the payment card issuance software market include Bento Technologies, Pleo, ACI Worldwide, BankWorld, TAS Group, SAP SE, Harland Clarke, Matica Technologies AG, CoreCard Software, Entrust Corp., and many others.
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Payment Card Issuance Software Market – Segmentation
By Product Type
Cloud-Based
On-Premises
By End-User
Banks
Financial Institutions
Payment Card Issuance Software Market – Segmentation by Region
North America
United States
Canada
Europe
Germany
United Kingdom
France
Spain
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
Rest of Asia-Pacific
Rest of the World
Company Profiles
Bento Technologies
Pleo
ACI Worldwide
BankWorld
SAP SE
Entrust Corp.
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