The use of digital card payments is expanding, leading banks and payment companies to embrace virtual cards, an old technology that’s having a resurgence. Virtual cards are fully digital — there is no plastic. Virtual cards also have an account number that is distinct from the one assigned to a physical card, or even a dynamic number that can be changed to limit spending, so it’s not simply using a traditional credit card to pay on a mobile app or website. The growth of e-commerce and rising complexity in corporate payments are drawing attention to digital cards. The number of virtual card transactions is expected to rise from 36 billion in 2023 to 175 billion in 2028, according to Juniper
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