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Modern Card Issuing Platform Leaders Revealed, as Digital Payment Cards Issued to Exceed 1.3 Billion Globally by 2027 – Juniper
A new study from Juniper Research, foremost experts in the payments market, found that the number of payment cards issued via digital platforms will reach 1.3 billion annually by 2027, from just 500 million in 2023. This growth of 170% reflects strong interest in improving the way users access and replace cards from issuers. This is in the context of strong competition between issuers from digital-only banks and new fintechs offering card services.
Modern card issuing platforms, also known as digital card issuing platform, allow card issuers to create cards using an API (Application Programming Interface)-driven approach; enabling cards to be delivered instantly to digital wallets, with the option for a physical card, boosting flexibility, transparency and speed significantly.
Find out more about the new report: Modern Card Issuing Platforms: Key Opportunities, Segment Analysis & Market Forecasts 2023-2027, or download a free sample.
Top Modern Card Issuing Platform Vendors Ranked
As part of the study, Juniper Research released its latest Competitor Leaderboard for 2023. Underpinned by a robust scoring methodology, the new Competitor Leaderboard ranked the top 16 leading modern card issuing platforms, using criteria such as the completeness of their solutions and their future business prospects.
The top 5 vendors for 2023:
1. Thales
2. G+D
3. FIS
4. Fiserv
5. Marqeta
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Vine Powers Commercial Lending for Crest Savings Bank
Wildwood, NJ-based Crest Savings Bank has selected Vine’s AI-powered commercial lending platform to support its commercial lending business.
Red Rocks Credit Union Expands Partnership with Alkami to Deliver its Digital Sales & Service Platform
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