That ecommerce has brought about a worldwide revolution in commercial operations is a statement that has become an old one. However, did you know that virtual cards are experiencing their best moment? In Spain, more than 60% of transactions are made with this payment method.

This data arises from a study conducted by Qonto to accurately analyze the new needs of SMEs.

To understand the boom of virtual cards, we must take into account that there have been a number of factors that have promoted their popularity. The main one is the emergence of young talent. A generation full of digital natives who are eager to undertake, bring freshness and new ideas adapted to the digitalized reality in which we live.

This entrepreneurial profile bets considerably on digital businesses and disruptive technologies. In fact, this segment has increased the average number of transactions carried out online by 18% this year. Despite the fact that offline operations continue to be the most common means among Spanish SMEs, the data offer a clue as to the direction in which a large part of the Spanish business fabric is heading: towards an autonomous, digitized, solid, transparent and reliable organization of finances.

In this sense, the demand for digital solutions aligned with the new ways of understanding work and management has also increased. Not only large companies are changing, but also SMEs are starting to operate differently and to manage their finances differently, at any time and from anywhere in the world.

It is this flexibility that makes virtual cards the perfect ally for any finance department. This type of payment method simplifies the process because they are created quickly and can be used immediately. Depending on the provider, they have even more advantages: they allow the account manager to create one for each employee and set an individual payment limit for each one, depending on their use and needs.

In addition, virtual cards are untouched, but when it comes to security, they are visible. But as long as they have 3D Secure, which has already been adopted by most online merchants. As it is strictly personal and the cardholder can be configured to confirm each transaction with a security code via SMS, the risk of misuse by third parties is minimized.

Last but not least, you save space and headaches. They don't take up physical space and no one loses them or can steal them.

There are financial solutions that offer the possibility to create them easily and quickly. Qonto's characteristic virtual cards are available to all users, at a cost of 2 euros per card in the Solo Basic plan and free and unlimited in all other plans.