Mastercard - Accelerating The Time To Realized Revenue: Virtual Card Edition - June/July 2022 - Discover 5 key benefits virtual cards bring to U.S. and Canadian businesses

Accelerating The Time To Realized Revenue: The Virtual Card Edition

Virtual Cards Boost Cash Flow for 38% of US, Canadian Businesses

In “Accelerating the Time to Realized Revenue,” a collaboration with Mastercard, PYMNTS surveys 400 business leaders to find out why 38% of U.S. and Canadian firms use virtual cards — improved cash flow and greater transaction transparency topped the list.

Inside the June/July Report

  • 57%: Portion of U.S. and Canadian firms using virtual cards that cite greater transaction detail as a key benefit
  • 38%: Share of U.S, and Canadian firms that have not adopted virtual cards due to lack of expertise
  • 36%: Share of U.S. and Canadian healthcare firms using virtual cards to make B2B payments

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    Accelerating the Time to Realized Revenue