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Finance & Banking vocabulary · Fintech & Digital Banking

Virtual card

Meaning in finance & banking, with examples

nounCommon term

In finance & banking, virtual card means: A payment card that exists only in digital form, with its own number, expiry date and security code, used mainly for online and in-app payments.

In Turkish: sanal kart, dijital kart

How it is used

Used in digital banking and corporate payments. Customers create a virtual card in the app, set its limit and freeze or delete it in seconds, which protects the main card if a website is hacked. Companies give employees virtual cards, or create one card per supplier. Some can be added to a digital wallet for in-store use.

Example sentences

  1. I only use a virtual card with a small limit for online subscriptions.

  2. The finance team creates a new virtual card for each supplier payment.

Common collocations

  • create a virtual card
  • virtual card number
  • single-use virtual card
  • virtual card limit
  • digital walletAn app or online service that stores payment cards or money so that you can pay with a phone, watch or computer.
  • credit cardA plastic or digital card that lets you buy now and pay the bank later. You can spend up to a limit and pay interest if you do not repay the full amount on time.
  • debit cardA card linked to your bank account that takes money directly from your balance when you pay or use a cash machine.
  • mobile bankingUsing a bank's app on a smartphone or tablet to check balances, make payments, transfer money and use other services.
  • 3-D SecureA security step for online card payments in which the card issuer asks the cardholder to confirm the purchase, usually with a one-time code or in the banking app.

More terms: Fintech & Digital Banking

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This page explains English vocabulary for learners. It is not financial advice.