The Europe Fuel Card Market is expected to reach USD 264.95 billion by 2024 owing to the rising demand for cashless transactions, and availability of add-on benefits.

This increased need for safe and reliable digital payment is expected to drive the fuel card industry in Europe over the next few years.Fleet managers have been looking for viable real-time solutions to ensure appropriate tracked spending.

The fuel cards not only provide with the discounts and rebate, but it also comes with online reporting tools which provide fleet managers with in-depth data as to where their fuel card has been used, who used it and for what purpose.

Thus, is expected to boost the fuel card industry.Fuel cards prevent theft; hence, they help fleet managers reduce unaccounted spending.

A fuel card is accessed using the secured pin and driver is obliged to show his identity proof while using.

Branded cards from the oil companies such as ESSO, BP, and Shell are widely used and hold second largest market share in the forecast period.The light weight vehicle is the ones who are major users of fuel cards.