The payment card issuance software market consists of revenues generated by entities (organizations, sole traders and partnerships) that develop and provide software platforms and related services used for issuing and managing payment cards. These software solutions are used by banks, financial institutions, government agencies, retailers and other organizations that provide payment cards to customers, employees or citizens. The software supports functions such as card personalization, cardholder data management, PIN management, tokenization, fraud prevention integration and lifecycle management. Payment card issuance software is typically integrated with payment networks, banking systems, card management systems and transaction processing platforms to ensure secure communication with global payment infrastructures and compliance with industry standards.
The global payment card issuance software market was valued at $1,296.9 million in 2020 which grew till 2025 at a compound annual growth rate (CAGR) of more than 9.00%.
Growing Digital Banking Adoption
During the historic period, the payment card issuance software market was driven by the growing digital banking adoption. Digital banking refers to providing banking services and managing financial transactions through digital channels such as mobile apps and online platforms without the need for physical branch visits. Digital banking has increased due to convenience, allowing customers to manage accounts and conduct transactions anytime and anywhere without visiting a branch. Payment card issuance software helps digital banking by enabling instant creation and management of virtual and physical cards, allowing customers to make secure, real-time transactions and seamlessly integrate payments within digital platforms. For instance, in May 2024, according to the Federal Reserve Financial Services, a US-based financial organization, in 2023, digital wallet usage experienced significant growth, with efficiency-driven businesses increasing their adoption by 31% compared to the previous year. Therefore, the payment card issuance software market was driven by the growing digital banking adoption during the historic period.
Digitalization, Cloud, Big Data & Cybersecurity
Companies operating in the payment card issuance software market are increasingly prioritizing digitalization, cloud-based infrastructure, big data analytics and advanced cybersecurity across card management platforms and payment ecosystems. This trend focuses on modernizing card issuance systems through cloud-native architectures, API-driven integrations and real-time data processing capabilities that enable faster card deployment, seamless integration with banking systems and scalable digital payment services. For instance, in March 2026, ACI Worldwide, a US-based payment software company, launched ACI Connectic, a cloud-native card payments and issuing platform designed to modernize payment processing infrastructure. It aligns with the digitalization, cloud, big data and cybersecurity trends by modernizing card issuance infrastructure through cloud-based platforms, enabling digital payment processing, real-time data analytics and stronger cybersecurity measures for secure card transactions.
The global payment card issuance software market is fairly fragmented, with a large number of small players operating in the market. The top 10 competitors in the market made up 24.8% of the total market in 2024.
Payment Card Issuance Software Global Market Opportunities And Strategies To 2035 from The Business Research Company provides the strategists; marketers and senior management with the critical information they need to assess the global payment card issuance software market as it emerges from the COVID-19 shut down.
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Where is the largest and fastest-growing market for payment card issuance software? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The payment card issuance software market global report from The Business Research Company answers all these questions and many more.
The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market's history and forecasts market growth by geography. It places the market within the context of the wider payment card issuance software; and compares it with other markets.
The report covers the following chapters
- Introduction and Market Characteristics- Brief introduction to the segmentations covered in the market, definitions and explanations about the segments, key products and supply chain.
- Key Trends- Highlights the major trends shaping the global market. This section also highlights likely future technologies and developments in the market.
- Growth Analysis And Strategic Analysis Framework Analysis on PESTEL, end use industries, market growth rate, global historic (2020-2025) and forecast (2025-2030, 2035F) market values and drivers and restraints that support and control the growth of the market in the historic and forecast periods, forecast growth contributors and total addressable market (TAM).
- Regional And Country Analysis- Historic (2020-2025) and forecast (2025-2030, 2035F) market values and growth and market share comparison by region and country.
- Market Segmentation- Contains the market values (2020-2025) (2025-2030, 2035F) and analysis for each segment by component, by technology adoption, by deployment mode, by enterprise size and by end-user in the market. Historic (2020-2025) and forecast (2025-2030) and (2030-2035) market values and growth and market share comparison by region market.
- Regional Market Size and Growth- Regional market size (2025), historic (2020-2025) and forecast (2025-2030, 2035F) market values and growth and market share comparison of countries within the region. This report includes information on all the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa and major countries within each region.
- Competitive Landscape- Details on the competitive landscape of the market, estimated market shares and company profiles of the leading players.
- Other Major And Innovative Companies Details on the company profiles of other major and innovative companies in the market.
- Competitive Benchmarking- Briefs on the financials comparison between major players in the market.
- Competitive Dashboard- Briefs on competitive dashboard of major players.
- Key Mergers and Acquisitions- Information on recent mergers and acquisitions in the market is covered in the report. This section gives key financial details of mergers and acquisitions which have shaped the market in recent years.
- Recent Developments Information on recent developments in the market covered in the report.
- Market Opportunities And Strategies Describes market opportunities and strategies based on findings of the research, with information on growth opportunities across countries, segments and strategies to be followed in those markets.
- Conclusions And Recommendations- This section includes recommendations for AI in manufacturing providers in terms of product/service offerings geographic expansion, marketing strategies and target groups.
- Appendix- This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.
Markets Covered:
- 1) By Component: Software; Services
- 2) By Technology Adoption: Legacy Technologies; Emerging Technologies
- 3) By Deployment Mode: On-Premises; Cloud
- 4) By Enterprise Size: Small And Medium Enterprises; Large Enterprises
- 5) By End-User: Banks; Financial Institutions; Retail; Government; Other End-Users
- Companies Mentioned: Fidelity National Information Services (FIS); Fiserv Inc.; Marqeta Inc.; Stripe Inc.; Entrust Corporation
- Countries: China; Australia; India; Indonesia; Taiwan; Japan; South Korea; USA; Germany; Italy; Spain; UK; France; Russia
- Regions: Asia-Pacific; Western Europe; South East Asia; Eastern Europe; North America; South America; Middle East; Africa
- Time-series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets; GDP proportions; expenditure per capita; payment card issuance software indicators comparison.
- Data segmentations: country and regional historic and forecast data; market share of competitors; market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.