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B2B Payments Market

Global B2B Payments Market Size, Share, Growth, Forecast: By Payment Type: Cross-border Payments, Domestic Payments, Others; By Payment Method: Bank Transfer, Cards, Others; By End Use: Manufacturing, IT and Telecom, BFSI, Others; By Enterprise Size; Competitive Landscape; Key Trends and Developments in the Market; 2024-2032

Global B2B Payments Market Outlook

The global B2B payments market size reached a value of approximately USD 1.16 trillion in 2023. The market is further projected to grow at a CAGR of 9.60% between 2024 and 2032, reaching a value of USD 2.65 trillion by 2032.

 

Key Trends in the Global B2B Payments Market

A B2B  (business-to-business) payment refers to a kind of monetary transaction between two businesses, such as corporations, retailers, wholesalers, or start-ups, in exchange for goods or services. These payments could be a recurring or one-time transaction between a supplier and a buyer. No consumer is involved in this inter-commerce transaction and these payments are done in exchange of services and goods supplied for a pre-determined value that is denominated in currency.

 

Global B2B Payments Market

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  • The increasing import and export of services and goods around the globe  due to various measures taken by the governments to reduce trade barriers is a major trend propelling the market growth.
  • Rising adoption of automation across B2B payment systems for connecting and networking with retailers, suppliers, and wholesalers, among others is anticipated to positively influence the expansion of the global B2B payments market.
  • The demand for B2B payment solutions is rising among large enterprises as these solutions aid them in enhancing their market value and boost the sales of services and goods through various online platforms.

 

Global B2B Payments Market Analysis

On the basis of payment type, the market is divided into cross-border payments and domestic payments, among others. Based on payment mode, the market is segregated into bank transfer and cards, among others. On the basis of end use, the market is classified into manufacturing, IT and telecom, metals and mining, energy and utilities, and BFSI, among others.

 

Global B2B Payments Market

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Based on enterprise size, the market is segmented into small enterprises, medium-sized enterprises, and large enterprises, among others. On the basis of region, the market is categorised into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global B2B payments market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

 

  • American Express Company
  • Mastercard International Incorporated
  • JPMorgan Chase & Co.
  • Payoneer Inc.
  • PayPal Pte. Ltd.
  • Paystand, Inc.
  • Stripe, Inc.
  • Visa Inc.
  • B2B Trade Payment Services AB.
  • Tipalti Inc.
  • Others

 

Global B2B Payments Market Share by Payment Type

By payment type, cross-border payments are expected to witness significant growth over the forecast period. Cross-border payments refer to transactions involving transfer of money between businesses and people from one country to another. These types of payments are carried out through correspondent banking network and financial institutions. Increasing trade and rising import and export of goods and services is further boosting the requirement for cross-border payments.

 

Global B2B Payments Market

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Global B2B Payments Market Share by Region

North America is anticipated to account for a significant portion in the global B2B payments market in the comping years. This is due to the strong presence of technological infrastructure in the region that allows businesses to make online payments. Additionally, increasing spendings by the governments of Canada and the United States on securing the transaction network are further expected to aid the expansion of the market for B2B payments in the North America region.

 

Competitive Landscape

American Express Company is a multinational financial services corporation that was founded in 1850 and is headquartered in New York, United States. The company specialises in merchant services, corporate card, and financial and network services, among others.

 

Mastercard International Incorporated is a financial services company that was established in 1966 and is based in New York, United States. The company specialises in innovative mobile payment solutions and global digital payments, among others.


JPMorgan Chase & Co. provides innovative financial solutions for corporations, consumers, and small businesses around the globe. JPMorgan was founded in 2000 and is headquartered in New York, United States.

 

Other major players in the B2B payments market include Payoneer Inc., PayPal Pte. Ltd., Paystand, Inc., Stripe, Inc., Visa Inc., B2B Trade Payment Services AB., and Tipalti Inc., among others.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Payment Type
  • Payment Method
  • End Use
  • Enterprise Size
  • Region
Breakup by Payment Type
  • Cross-border Payments
  • Domestic Payments
  • Others
Breakup by Payment Method
  • Bank Transfer
  • Cards
  • Others
Breakup by End Use
  • Manufacturing
  • IT and Telecom
  • Metals and Mining
  • Energy and Utilities
  • BFSI
  • Others
Breakup by Enterprise Size
  • Small Enterprises
  • Medium-sized Enterprises
  • Large Enterprises
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • American Express Company
  • Mastercard International Incorporated
  • JPMorgan Chase & Co.
  • Payoneer Inc.
  • PayPal Pte. Ltd.
  • Paystand, Inc.
  • Stripe, Inc.
  • Visa Inc.
  • B2B Trade Payment Services AB.
  • Tipalti Inc.
  • Others

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers    
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Market Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global B2B Payments Market Analysis

    8.1    Key Industry Highlights
    8.2    Global B2B Payments Historical Market (2018-2023) 
    8.3    Global B2B Payments Market Forecast (2024-2032)
    8.4    Global B2B Payments Market by Payment Type
        8.4.1    Cross-border Payments
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Domestic Payments
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
        8.4.3    Others
    8.5    Global B2B Payments Market by Payment Method
        8.5.1    Bank Transfer
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Cards
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
        8.5.3    Others
    8.6    Global B2B Payments Market by End Use
        8.6.1    Manufacturing
            8.6.1.1    Historical Trend (2018-2023)
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    IT and Telecom
            8.6.2.1    Historical Trend (2018-2023)
            8.6.2.2    Forecast Trend (2024-2032)
        8.6.3    Metals and Mining
            8.6.3.1    Historical Trend (2018-2023)
            8.6.3.2    Forecast Trend (2024-2032)
        8.6.4    Energy and Utilities
            8.6.4.1    Historical Trend (2018-2023)
            8.6.4.2    Forecast Trend (2024-2032)
        8.6.5    BFSI
            8.6.5.1    Historical Trend (2018-2023)
            8.6.5.2    Forecast Trend (2024-2032)
        8.6.6    Others
    8.7    Global B2B Payments Market by Enterprise Size
        8.7.1    Small Enterprises
            8.7.1.1    Historical Trend (2018-2023)
            8.7.1.2    Forecast Trend (2024-2032)
        8.7.2    Medium-sized Enterprises
            8.7.2.1    Historical Trend (2018-2023)
            8.7.2.2    Forecast Trend (2024-2032)
        8.7.3    Large Enterprises
            8.7.3.1    Historical Trend (2018-2023)
            8.7.3.2    Forecast Trend (2024-2032)
        8.7.4    Others
    8.8    Global B2B Payments Market by Region
        8.8.1    North America
            8.8.1.1    Historical Trend (2018-2023) 
            8.8.1.2    Forecast Trend (2024-2032)
        8.8.2    Europe
            8.8.2.1    Historical Trend (2018-2023) 
            8.8.2.2    Forecast Trend (2024-2032)
        8.8.3    Asia Pacific
            8.8.3.1    Historical Trend (2018-2023) 
            8.8.3.2    Forecast Trend (2024-2032)
        8.8.4    Latin America
            8.8.4.1    Historical Trend (2018-2023) 
            8.8.4.2    Forecast Trend (2024-2032)
        8.8.5    Middle East and Africa
            8.8.5.1    Historical Trend (2018-2023) 
            8.8.5.2    Forecast Trend (2024-2032)
9    North America B2B Payments Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2023) 
        9.1.2    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Historical Trend (2018-2023) 
        9.2.2    Forecast Trend (2024-2032)
10    Europe B2B Payments Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2023) 
        10.1.2    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Historical Trend (2018-2023) 
        10.2.2    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Historical Trend (2018-2023) 
        10.3.2    Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1    Historical Trend (2018-2023) 
        10.4.2    Forecast Trend (2024-2032)
    10.5    Others
11    Asia Pacific B2B Payments Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2023) 
        11.1.2    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Historical Trend (2018-2023) 
        11.2.2    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Historical Trend (2018-2023) 
        11.3.2    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2023) 
        11.4.2    Forecast Trend (2024-2032)
    11.5    Australia
        11.5.1    Historical Trend (2018-2023) 
        11.5.2    Forecast Trend (2024-2032)
    11.6    Others
12    Latin America B2B Payments Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2023) 
        12.1.2    Forecast Trend (2024-2032)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2023) 
        12.2.2    Forecast Trend (2024-2032)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2023) 
        12.3.2    Forecast Trend (2024-2032)
    12.4    Others
13    Middle East and Africa B2B Payments Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2023) 
        13.1.2    Forecast Trend (2024-2032)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2023) 
        13.2.2    Forecast Trend (2024-2032)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2023) 
        13.3.2    Forecast Trend (2024-2032)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2023) 
        13.4.2    Forecast Trend (2024-2032)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Competitive Landscape
    15.1    Market Structure
    15.2    Company Profiles 
        15.2.1    American Express Company
            15.2.1.1    Company Overview
            15.2.1.2    Product Portfolio
            15.2.1.3    Demographic Reach and Achievements
            15.2.1.4    Certifications
        15.2.2    Mastercard International Incorporated
            15.2.2.1    Company Overview
            15.2.2.2    Product Portfolio
            15.2.2.3    Demographic Reach and Achievements
            15.2.2.4    Certifications
        15.2.3    JPMorgan Chase & Co.
            15.2.3.1    Company Overview
            15.2.3.2    Product Portfolio
            15.2.3.3    Demographic Reach and Achievements
            15.2.3.4    Certifications
        15.2.4    Payoneer Inc.
            15.2.4.1    Company Overview
            15.2.4.2    Product Portfolio
            15.2.4.3    Demographic Reach and Achievements
            15.2.4.4    Certifications
        15.2.5    PayPal Pte. Ltd.
            15.2.5.1    Company Overview
            15.2.5.2    Product Portfolio
            15.2.5.3    Demographic Reach and Achievements
            15.2.5.4    Certifications
        15.2.6    Paystand, Inc.
            15.2.6.1    Company Overview
            15.2.6.2    Product Portfolio
            15.2.6.3    Demographic Reach and Achievements
            15.2.6.4    Certifications
        15.2.7    Stripe, Inc.
            15.2.7.1    Company Overview
            15.2.7.2    Product Portfolio
            15.2.7.3    Demographic Reach and Achievements
            15.2.7.4    Certifications
        15.2.8    Visa Inc.
            15.2.8.1    Company Overview
            15.2.8.2    Product Portfolio
            15.2.8.3    Demographic Reach and Achievements
            15.2.8.4    Certifications
        15.2.9    B2B Trade Payment Services AB.
            15.2.9.1    Company Overview
            15.2.9.2    Product Portfolio
            15.2.9.3    Demographic Reach and Achievements
            15.2.9.4    Certifications
        15.2.10    Tipalti Inc.
            15.2.10.1    Company Overview
            15.2.10.2    Product Portfolio
            15.2.10.3    Demographic Reach and Achievements
            15.2.10.4    Certifications
        15.2.11    Others
16    Key Trends and Developments in the Market


List of Key Figures and Tables

1.    Global B2B Payments Market: Key Industry Highlights, 2018 and 2032
2.    Global B2B Payments Historical Market: Breakup by Payment Method (USD Trillion), 2018-2023
3.    Global B2B Payments Market Forecast: Breakup by Payment Method (USD Trillion), 2024-2032
4.    Global B2B Payments Historical Market: Breakup by Payment Method (USD Trillion), 2018-2023
5.    Global B2B Payments Market Forecast: Breakup by Payment Method (USD Trillion), 2024-2032
6.    Global B2B Payments Historical Market: Breakup by End Use (USD Trillion), 2018-2023
7.    Global B2B Payments Market Forecast: Breakup by End Use (USD Trillion), 2024-2032
8.    Global B2B Payments Historical Market: Breakup by Enterprise Size (USD Trillion), 2018-2023
9.    Global B2B Payments Market Forecast: Breakup by Enterprise Size (USD Trillion), 2024-2032
10.    Global B2B Payments Historical Market: Breakup by Region (USD Trillion), 2018-2023
11.    Global B2B Payments Market Forecast: Breakup by Region (USD Trillion), 2024-2032
12.    North America B2B Payments Historical Market: Breakup by Country (USD Trillion), 2018-2023
13.    North America B2B Payments Market Forecast: Breakup by Country (USD Trillion), 2024-2032
14.    Europe B2B Payments Historical Market: Breakup by Country (USD Trillion), 2018-2023
15.    Europe B2B Payments Market Forecast: Breakup by Country (USD Trillion), 2024-2032
16.    Asia Pacific B2B Payments Historical Market: Breakup by Country (USD Trillion), 2018-2023
17.    Asia Pacific B2B Payments Market Forecast: Breakup by Country (USD Trillion), 2024-2032
18.    Latin America B2B Payments Historical Market: Breakup by Country (USD Trillion), 2018-2023
19.    Latin America B2B Payments Market Forecast: Breakup by Country (USD Trillion), 2024-2032
20.    Middle East and Africa B2B Payments Historical Market: Breakup by Country (USD Trillion), 2018-2023
21.    Middle East and Africa B2B Payments Market Forecast: Breakup by Country (USD Trillion), 2024-2032
22.    Global B2B Payments Market Structure

Key Questions Answered in the Report

The market reached a value of approximately USD 1.16 trillion in 2023.

The market is projected to grow at a CAGR of 9.60% between 2024 and 2032.

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 2.65 trillion by 2032.

The major market drivers include rising cross border trading and increasing partnerships between B2B payment companies and fintech.

The key trends fuelling the growth of the market include increasing import and export activities, rising automation across B2B payment systems, and growing demand for B2B payment solutions among large enterprises.

The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The end uses of B2B payments include manufacturing, IT and telecom, metals and mining, energy and utilities, and BFSI, among others.

The key players in the global B2B payments market are American Express Company, Mastercard International Incorporated, JPMorgan Chase & Co., Payoneer Inc., PayPal Pte. Ltd., Paystand, Inc., Stripe, Inc., Visa Inc., B2B Trade Payment Services AB., and Tipalti Inc., among others.

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