B2B Payments Market Size
| Study Period | 2019 - 2030 |
| Market Size (2025) | USD 34.42 Trillion |
| Market Size (2030) | USD 63.27 Trillion |
| CAGR (2025 - 2030) | 12.95% |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
B2B Payments Market Analysis
The B2B Payments Market size is estimated at USD 34.42 trillion in 2025, and is expected to reach USD 63.27 trillion by 2030, at a CAGR of 12.95% during the forecast period (2025-2030).
- Technological advancements, increasing transaction digitization, and a heightened demand for financial efficiency are rapidly reshaping the B2B payments market. Businesses are increasingly turning to automation in their accounts payable and receivable processes, aiming to streamline operations and minimize manual errors. Such automated systems not only enhance transaction speed but also lead to significant reductions in operating costs.
- According to a Payments Journal survey, transactions in the B2B sector adopting Buy Now, Pay Later (BNPL) solutions surpassed USD 12 billion in 2023. This surge underscores a rising demand for flexible credit solutions, especially among businesses navigating economic challenges.
- With the growing accessibility of smartphones and the trend towards remote living, consumers are increasingly valuing the time efficiency of e-payment solutions. GSMA reports that in 2024, around 4.88 billion people worldwide own smartphones, a jump of 635 million new users in just the last year. This growth trajectory is anticipated to persist annually.
- Currently, the global fintech landscape is leaning heavily towards digitalization, automation, and informatization. Blockchain payment systems are harnessing the capabilities of the Rich Communications Services (RCS) protocol, an advanced SMS simulator adept at transmitting multimedia data and enabling service discovery. Thanks to RCS integration, customers can make cross-border payments via mobile apps without the need for bank currency conversion.
- However, the rise of digital transactions brings challenges. Concerns over data privacy and cybersecurity threats are paramount, underscoring the need for robust security measures. Additionally, the integration of new payment systems with pre-existing financial software can be intricate and resource-demanding, presenting hurdles for numerous organizations.
- The B2B payments landscape has been notably reshaped by the COVID-19 pandemic, which acted as a catalyst for the swift adoption of digital payment methods. In the aftermath of the pandemic, digital payments experienced a meteoric rise, achieving a decade's worth of growth in a mere four months. This swift evolution highlights a pronounced shift in business payment preferences, a trend that continues to gain momentum.
B2B Payments Market Trends
Cross Border Payments is Expected to Hold Significant Share
- Business-to-business (B2B) cross-border payments involve transactions between businesses that primarily engage with other businesses across different economic zones, often spanning multiple countries. As global economies intertwine, the demand for a swift, secure, and efficient cross-border payment system intensifies. In developing nations, immigrant families frequently send remittances, incurring fees associated with cross-border payments.
- The World Bank reports that 81% of cross-border payment transactions aim to support friends and family living abroad. Notably, international remittances have recently surged, marking a significant 61% increase in just the past year.
- Traditional channels process cross-border remittances, including SWIFT/correspondent banking, postal services, Rupee Drawing Arrangement (RDA), and the Money Transfer Service Scheme (MTSS). India leads globally in inward remittance flows, trailed by China and Mexico. While the Middle East and the USA are the primary sources for India's inward remittances, the country predominantly directs its outward remittances to Nepal and Bangladesh.
- Additionally, over half of U.S. enterprises depend on electronic checks and bank transfers when purchasing from foreign companies. Industry experts highlight that in 2023, 56% of U.S.-based B2B companies opted for eChecks in cross-border transactions, with a comparable percentage favoring bank transfers.
- Furthermore, the rising remittances from migrant workers are driving market growth, emphasizing the demand for reliable and cost-effective online solutions for cross-border payments.
North America is Expected to Hold a Major Share of the Market
- The B2B payments landscape in North America has seen a notable evolution. A pronounced focus on real-time payments has emerged, enabling instantaneous transaction processing and enhancing cash flow management. Projections indicate a substantial uptick in the value of real-time payment transactions in the coming years.
- A survey conducted by the Association of Financial Professionals (AFP) for 2022-2023 highlighted that North American firms prioritized payment speed (48%), payment certainty (42%), and fraud risk (41%). Interestingly, 48% of companies in the US and Canada feel that faster payments haven't influenced their operations. The AFP study also revealed that international firms enjoy greater access to expedited payments compared to their North American counterparts.
- Over the past year, US companies have noted a rise in late payments and bad debts linked to B2B credit trades. Data from Atradius shows that 55% of all B2B invoiced sales are currently overdue, with bad debts impacting an average of 9% of credit-based B2B sales. The electronics/ICT sector bore the brunt of these challenges. This scenario underscores the growing necessity for advanced B2B payment technologies in the region.
- In response to heightened payment risks, US businesses are tightening their trade credit policies for B2B transactions. Looking ahead, US firms have identified their top three cross-border innovation priorities for the next three years: push payments, payments to digital wallets, and payments from invoices.
- Additionally, the booming e-commerce sector is amplifying the demand for B2B payment solutions in North America. Despite some quarterly fluctuations, the nation's e-commerce sales have shown steady annual growth. With the expansion of online retail platforms, businesses are increasingly catering to both domestic and international clientele, highlighting the critical need for reliable payment systems to ensure seamless currency transactions.
B2B Payments Industry Overview
The B2B Payments market is highly competitive and fragmented, primarily driven by the presence of major players. These key players employ strategies such as mergers, acquisitions, and product innovations to maintain a competitive edge and broaden their global footprint.Key player include Visa Inc., The American Express Company, Mastercard Inc., and others.
The demand for B2B payments is poised for significant growth as organizations increasingly recognize the importance of optimizing their financial operations through technology. With projections indicating substantial increases in market size driven by digital transformation, e-commerce growth, and flexible payment options like BNPL, stakeholders must navigate challenges such as integration complexity and data security while capitalizing on emerging opportunities within this dynamic market landscape. The future looks promising for B2B payments as they continue to evolve to meet the needs of modern businesses worldwide.
B2B Payments Market Leaders
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Visa Inc.
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The American Express Company
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Mastercard Inc.
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Stripe, Inc.
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Paystand Inc.
- *Disclaimer: Major Players sorted in no particular order
B2B Payments Market News
- October 2024: Cryptocurrency exchange Coinbase is expanding its business in B2B payments. Coinbase Prime is a brokerage platform that facilitates trades, custody and prime services, according to the platform’s website. Stablecoins can make B2B payments and treasury management faster, cheaper and more efficient because they settle instantly, including across borders.
- September 2024: Kriya, a provider of B2B payment solutions, has launched an integration with Stripe, a financial infrastructure platform for businesses. Businesses using Stripe in the UK will be able to offer flexible payment terms to their customers through Kriya, enhancing their payment options. This integration is positioned as the first time B2B merchants in the UK using Stripe can access Kriya's payment solutions.
B2B Payments Industry Segmentation
B2B payments is the transfer of value denominated in currency from buyer to supplier for good or services supplied. B2B payments can be a one time or recurring transaction depending on the contractual agreement made between the buyer and supplier.
The B2B payments market is segmented by payment type (domestic payments, cross border payments), by payment mode (traditional, digital), by enterprises (SMEs, large enterprises), end-user verticals (BFSI, IT and telecom, manufacturing, energy and utilities, government, other end-user verticals), geography (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa). The market sizes and forecasts are provided in terms of value (USD) for all the above segments.
| By Payment Type | Domestic Payments |
| Cross Border Payments | |
| By Payment Mode | Traditional |
| Digital | |
| By Enterprises | SMEs |
| Large Enterprises | |
| By End-user Vertical | BFSI |
| IT and Telecom | |
| Manufacturing | |
| Energy and Utilities | |
| Government | |
| Other End-user Verticals | |
| By Geography*** | North America |
| Europe | |
| Asia | |
| Latin America | |
| Middle East and Africa | |
| Australia and New Zealand |
| Domestic Payments |
| Cross Border Payments |
| Traditional |
| Digital |
| SMEs |
| Large Enterprises |
| BFSI |
| IT and Telecom |
| Manufacturing |
| Energy and Utilities |
| Government |
| Other End-user Verticals |
| North America |
| Europe |
| Asia |
| Latin America |
| Middle East and Africa |
| Australia and New Zealand |
B2B Payments Market Research FAQs
How big is the B2B Payments Market?
The B2B Payments Market size is expected to reach USD 34.42 trillion in 2025 and grow at a CAGR of 12.95% to reach USD 63.27 trillion by 2030.
What is the current B2B Payments Market size?
In 2025, the B2B Payments Market size is expected to reach USD 34.42 trillion.
Who are the key players in B2B Payments Market?
Visa Inc., The American Express Company, Mastercard Inc., Stripe, Inc. and Paystand Inc. are the major companies operating in the B2B Payments Market.
Which is the fastest growing region in B2B Payments Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).
Which region has the biggest share in B2B Payments Market?
In 2025, the North America accounts for the largest market share in B2B Payments Market.
What years does this B2B Payments Market cover, and what was the market size in 2024?
In 2024, the B2B Payments Market size was estimated at USD 29.96 trillion. The report covers the B2B Payments Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the B2B Payments Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
B2B Payments Industry Report
Statistics for the 2025 B2B Payments market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. B2B Payments analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.
