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Global B2B Payments Market to reach USD 177.74 billion by the end of 2030

Global B2B Payments Market Size Study & Forecast, by Payment Type (Domestic Payments, Cross Border Payments), by Payment Method (Bank Transfer, Cards, Online Payments), by Enterprise Type (Small & Medium Enterprises, Large Enterprises), by Industry (Government, Manufacturing, BFSI, Metal & Mining, IT & Telecom, Others), and Regional Analysis, 2023-2030

Product Code: BFCS-85115795
Publish Date: 10-03-2024
Page: 200

Global B2B Payments Market is valued at approximately USD 72.30 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 11.9% during the forecast period 2023-2030. B2B payments encompass the exchange of goods or services for a specified currency value between businesses and companies. These transactions occur as one-time or recurring payments, contingent upon the terms negotiated between the seller and buyer. Involving repetitive high-volume and high-value transactions, B2B payments typically entail processes that can be more time-intensive compared to B2C transactions. The swift digitization and automation of B2B payment solutions have surged the demand from business owners, propelling market growth. The industry’s expansion is further driven by the rising preference for real-time payments and increased investments in technology-based payment solutions. Also, the growing integration with ERP systems, rapid digitalization & automation in the B2B payment solutions, coupled with the surge in online marketplaces and E-commerce platforms are the most prominent factors that are propelling the market demand across the globe.

In addition, the surge in demand for expedited payments, driven by the integration of automation into transactional processes, is set to streamline supply chains in the forthcoming years of 2023-2030. With businesses prioritizing the deployment of integrated technologies to optimize their investments, the adoption of such technology is expected to witness significant growth in the industry. For instance, in July 2023, Grovara, a wholesale marketplace specializing in exports and imports, partnered with TransferMate to enhance the speed of cross-border payments on the first B2B online marketplace to facilitate frictionless payments from customers. Additionally, the integration of B2B payment solutions with Enterprise Resource Planning (ERP), Customer Relationship Management (CRM), and supply chain management systems is anticipated to further drive market demand during the forecast period of 2023-2030. Thus, increased expansion in import and export trade is contributing to the market expansion. Moreover, the rise in the incorporation of artificial intelligence for faster B2B transactions, as well as the increase in technological advancement in digital payment systems presents various lucrative opportunities over the forecast years. However, the increasing number of Business Email Compromise (BEC) frauds and the high cost of implementation are hindering the market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global B2B Payments Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the rising investments in the development of dependable and effective payment solutions aimed at managing cash flow and nurturing relationships with material suppliers across the U.S. and Canada are accelerating market growth. Whereas, Asia Pacific is expected to grow at the highest CAGR over the forecast years. The increasing adoption of virtual debit and credit cards within various businesses across developing nations such as India and China is significantly propelling the market demand across the region. Moreover, there’s a surge in investments in small and medium-sized companies across diverse industries aimed at enhancing cross-border payment transactions. Consequently, these factors play pivotal roles in augmenting the adoption of B2B payment solutions in the Asia Pacific region. According to the 2022 report from the State Council of the People’s Bank of China, the business volume of RMB cross-border payments in China exhibited rapid growth in 2021 compared to the previous year. The value of 3.34 million transactions processed by China’s RMB cross-border payment system amounted to 79.60 trillion yuan (USD 12.53 Trillion), marking a substantial increase of 75.83% compared to 2021.

Major market players included in this report are:
Mastercard Inc. (Spain)
FIS (U.S.)
Stripe, Inc. (U.S.)
Paystand, Inc. (U.S.)
Flywire (Netherlands)
Squareup Pte. Ltd. (U.S.)
Edenred Payment Solutions (Ireland)
Payoneer Inc. (U.S.)
American Express Company (U.S.)
Visa Inc. (U.S.)

Recent Developments in the Market:
Ø In October 2023, Visa Inc. announced a strategic partnership with Swift aimed at streamlining global business-to-business (B2B) payments and enhancing communication within the expansive networks of international enterprises.
Ø In September 2023, Sprinque, a payment service provider headquartered in the Netherlands, broadened its reach by establishing a stronger presence in Germany and Spain. This strategic move was part of their initiative to dominate the European market, bolstering their cross-border business-to-business (B2B) payments platform portfolio.
Ø In June 2023, Aria, a FinTech company based in France, inaugurated a new office in the United Kingdom to advance its B2B Deferred Payment Infrastructure. This expansion strengthens online B2B commerce and fosters connectivity within marketplaces, elevating trading Software as a Service (SaaS) platforms and Enterprise Resource Planning (ERP) systems.

Global B2B Payments Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Payment Type, Payment Method, Enterprise Type, Industry, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Payment Type:
Domestic Payments
Cross Border Payments

By Payment Method:
Bank Transfer
Online Payments

By Enterprise Type:
Small & Medium Enterprises
Large Enterprises

By Industry:
Metal & Mining
IT & Telecom
Retail & E-commerce

By Region:

North America


Asia Pacific
South Korea

Latin America

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. B2B Payments Market, by Region, 2020-2030 (USD Billion)
1.2.2. B2B Payments Market, by Payment Type, 2020-2030 (USD Billion)
1.2.3. B2B Payments Market, by Payment Method, 2020-2030 (USD Billion)
1.2.4. B2B Payments Market, by Enterprise Type, 2020-2030 (USD Billion)
1.2.5. B2B Payments Market, by Industry, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global B2B Payments Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global B2B Payments Market Dynamics
3.1. B2B Payments Market Impact Analysis (2020-2030)
3.1.1. Market Drivers Surge in online marketplaces and E-commerce platforms Increased expansion in import and export trade
3.1.2. Market Challenges Increasing number of Business Email Compromise (BEC) frauds High cost of implementation
3.1.3. Market Opportunities Rise in incorporation of artificial intelligence for faster B2B transactions Technological advancement in digital payment systems
Chapter 4. Global B2B Payments Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global B2B Payments Market, by Payment Type
5.1. Market Snapshot
5.2. Global B2B Payments Market by Payment Type, Performance – Potential Analysis
5.3. Global B2B Payments Market Estimates & Forecasts by Payment Type 2020-2030 (USD Billion)
5.4. B2B Payments Market, Sub Segment Analysis
5.4.1. Domestic Payments
5.4.2. Cross Border Payments
Chapter 6. Global B2B Payments Market, by Payment Method
6.1. Market Snapshot
6.2. Global B2B Payments Market by Payment Method, Performance – Potential Analysis
6.3. Global B2B Payments Market Estimates & Forecasts by Payment Method 2020-2030 (USD Billion)
6.4. B2B Payments Market, Sub Segment Analysis
6.4.1. Bank Transfer
6.4.2. Cards
6.4.3. Online Payments
Chapter 7. Global B2B Payments Market, by Enterprise Type
7.1. Market Snapshot
7.2. Global B2B Payments Market by Enterprise Type, Performance – Potential Analysis
7.3. Global B2B Payments Market Estimates & Forecasts by Enterprise Type 2020-2030 (USD Billion)
7.4. B2B Payments Market, Sub Segment Analysis
7.4.1. Small & Medium Enterprises
7.4.2. Large Enterprises
Chapter 8. B2B Payments Market, by Industry
8.1. Market Snapshot
8.2. Global B2B Payments Market by Industry, Performance – Potential Analysis
8.3. Global B2B Payments Market Estimates & Forecasts by Industry 2020-2030 (USD Billion)
8.4. B2B Payments Market, Sub Segment Analysis
8.4.1. Government
8.4.2. Manufacturing
8.4.3. BFSI
8.4.4. Metal & Mining
8.4.5. IT & Telecom
8.4.6. Retail & E-commerce
8.4.7. Others
Chapter 9. Global B2B Payments Market, Regional Analysis
9.1. Top Leading Countries
9.2. Top Emerging Countries
9.3. B2B Payments Market, Regional Market Snapshot
9.4. North America B2B Payments Market
9.4.1. U.S. B2B Payments Market Payment Type breakdown estimates & forecasts, 2020-2030 Payment Method breakdown estimates & forecasts, 2020-2030 Enterprise Type breakdown estimates & forecasts, 2020-2030 Industry breakdown estimates & forecasts, 2020-2030
9.4.2. Canada B2B Payments Market
9.5. Europe B2B Payments Market Snapshot
9.5.1. U.K. B2B Payments Market
9.5.2. Germany B2B Payments Market
9.5.3. France B2B Payments Market
9.5.4. Spain B2B Payments Market
9.5.5. Italy B2B Payments Market
9.5.6. Rest of Europe B2B Payments Market
9.6. Asia-Pacific B2B Payments Market Snapshot
9.6.1. China B2B Payments Market
9.6.2. India B2B Payments Market
9.6.3. Japan B2B Payments Market
9.6.4. Australia B2B Payments Market
9.6.5. South Korea B2B Payments Market
9.6.6. Rest of Asia Pacific B2B Payments Market
9.7. Latin America B2B Payments Market Snapshot
9.7.1. Brazil B2B Payments Market
9.7.2. Mexico B2B Payments Market
9.8. Middle East & Africa B2B Payments Market
9.8.1. Saudi Arabia B2B Payments Market
9.8.2. South Africa B2B Payments Market
9.8.3. Rest of Middle East & Africa B2B Payments Market

Chapter 10. Competitive Intelligence
10.1. Key Company SWOT Analysis
10.1.1. Company 1
10.1.2. Company 2
10.1.3. Company 3
10.2. Top Market Strategies
10.3. Company Profiles
10.3.1. Mastercard Inc. (Spain) Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
10.3.2. FIS (U.S.)
10.3.3. Stripe, Inc. (U.S.)
10.3.4. Paystand, Inc. (U.S.)
10.3.5. Flywire (Netherlands)
10.3.6. Squareup Pte. Ltd. (U.S.)
10.3.7. Edenred Payment Solutions (Ireland)
10.3.8. Payoneer Inc. (U.S.)
10.3.9. American Express Company (U.S.)
10.3.10. Visa Inc. (U.S.)
Chapter 11. Research Process
11.1. Research Process
11.1.1. Data Mining
11.1.2. Analysis
11.1.3. Market Estimation
11.1.4. Validation
11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
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Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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