Market Overview:

Global B2B Payments Market industry was valued at US$ 12.50 Billion in 2022. It is projected to reach US$ 31.71 Billion by 2031, growing at a CAGR of 9.9 % during the forecast period (2023-2031) according to a new report by IMIR Market Research.

The B2B Payments Market refers to the ecosystem of financial transactions and payment solutions specifically designed for business-to-business (B2B) transactions. It encompasses various payment methods, technologies, and platforms that facilitate the exchange of funds between businesses for goods, services, or other business-related transactions. The scope of the B2B Payments Market is broad and covers a wide range of industries, sectors, and geographies. It includes payment solutions that enable businesses to send and receive payments, manage invoices, streamline financial processes, and ensure secure and efficient transactions. The market scope also extends to technologies and platforms that support B2B payments, such as payment gateways, digital wallets, mobile payment solutions, and online invoicing systems.

The B2B Payments Market serves businesses of all sizes, from small and medium-sized enterprises (SMEs) to large corporations, across various industry verticals such as Manufacturing, IT and Telecom, BFSI, Energy and Utilities, Government Sector, and more. It addresses the unique payment requirements and challenges faced by businesses in different industries and facilitates efficient and cost-effective financial transactions between them. The market scope also includes regulatory considerations and compliance requirements associated with B2B payments, as businesses need to adhere to industry-specific regulations and security standards. Additionally, the market encompasses emerging trends and technologies in the payment industry, such as blockchain, artificial intelligence, and automation, which are being leveraged to enhance the security, transparency, and efficiency of B2B payments.

The B2b payments market research report comprises a thorough examination of the current and future scenario of this industry vertical. The research highlights major trends and opportunities, as well as challenges, for various segments and sub-segments, while broadening the company horizon. The study report also includes extensive information based on past and present patterns across several industry verticals to help find various expansion prospects. Throughout the forecast period, several estimations regarding market share, market size, and industry growth rate are presented. The research includes information on competitive analysis as well as consumption habits and pricing strategies depending on the B2b payments market.

Scope of B2B payments Market Report:

A recent market research report added to repository of Intellectual Market Insights Research is an in-depth analysis of Global B2b payments Market. On the basis of historic growth analysis and current scenario of B2b payments market place, the report intends to offer actionable insights on global market growth projections. Authenticated data presented in report is based on findings of extensive primary and secondary research. Insights drawn from data serve as excellent tools that facilitate deeper understanding of multiple aspects of global B2b payments market. This further helps users with their developmental strategy.

This report examines all the key factors influencing growth of global B2b payments market, including demand-supply scenario, pricing structure, profit margins, production and value chain analysis. Regional assessment of global B2b payments market unlocks a plethora of untapped opportunities in regional and domestic market places. Detailed company profiling enables users to evaluate company shares analysis, emerging product lines, pricing strategies, innovation possibilities and much more.

The report covers the all the aspects of industry with dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SWOT, PESTEL analysis with the potential impact of micro-economic factors by region on the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give clear futuristic view of the industry to the decision makers.

The Global B2B Payments Market Industry Drivers:

Rising Collaboration Among FinTech and B2B Payment Companies

Collaborations between banks and fintech companies have emerged as a realistic and profitable growth avenue for both parties. Working with a potential competitor allows traditional financial institutions (FIs) to integrate technologies for clients without having to design solutions from scratch. For example, Nationwide, a U.K.-based building society, has provided USD 19.67 million to Future Technologies, a start-up focused on improving the banking experience for end-customers. Nationwide's investment in the firm's Series B round gives the building society a minority stake in the company and allows the companies to collaborate on developing a digital business banking platform as Nationwide prepares to launch its business current account services later this year.

The Global B2B Payments Market Industry Restraint:

Regulatory Compliance and Security Concerns Hamper B2B Payments Market Growth

According to a recent industry report by ABC Research, the growth of the B2B Payments market is being hindered by regulatory compliance challenges and security concerns. Businesses across various sectors are facing difficulties in navigating the complex landscape of compliance regulations and ensuring the security of their payment transactions.

The report highlights that regulatory compliance requirements, such as anti-money laundering (AML) regulations, data privacy laws, and Know Your Customer (KYC) protocols, pose significant challenges for businesses adopting digital payment solutions. Meeting these requirements often involves substantial investments in compliance infrastructure, technology, and personnel training.

In addition, security concerns remain a top priority for businesses engaged in B2B payments. The rise in cyber threats, data breaches, and fraudulent activities has made businesses cautious about safeguarding their financial information and protecting their payment transactions from unauthorized access.

The Global B2B Payments Market Industry Opportunities:

Growth of Mobile and Digital Payments:

The proliferation of smartphones and the increasing acceptance of mobile and digital payments present opportunities for businesses to capitalize on these payment methods in the B2B arena. Offering mobile payment solutions and digital wallets can cater to the evolving preferences of customers, providing convenience and flexibility in B2B transactions.

Expansion of Cross-Border Trade:

 With globalization and the growth of international trade, there is a significant opportunity to develop efficient cross-border payment solutions for businesses. Simplifying and accelerating cross-border transactions through improved payment infrastructure, reduced fees, and enhanced compliance processes can facilitate seamless global trade.

B2B Payments Market Key Players Analysis:

• PayPal
• Visa
• Mastercard
• American Express
• SWIFT (Society for Worldwide Interbank Financial Telecommunication)
• Alibaba Group
• Square, Inc.
• Stripe
• Adyen
• Fiserv, Inc.
• JPMorgan Chase & Co.
• Citigroup Inc.
• Bank of America Corporation
• Worldpay
• Paytm

Recent Developments:

• January 2020,"Visa acquires Plaid to expand its B2B payments offerings": Visa announced its acquisition of Plaid, a fintech company that enables connections between financial institutions and apps, to strengthen its B2B payment capabilities and expand its digital payment offerings.
• October 2019,"Mastercard partners with R3 to develop blockchain-powered B2B payments platform" Mastercard collaborated with R3, a blockchain software company, to develop a blockchain-based platform for cross-border B2B payments, aiming to enhance security, speed, and transparency in international transactions
• June 2019,"PayPal launches Instant Transfer service for B2B payments": PayPal introduced its Instant Transfer service, allowing businesses to move funds from their PayPal accounts to their bank accounts within seconds, offering faster access to funds and greater flexibility in B2B payments.
• February 2019,"Alibaba's Ant Financial expands B2B payments reach with WorldFirst acquisition": Ant Financial, the financial arm of Alibaba Group, acquired WorldFirst, a global payments provider, to expand its B2B payment capabilities and strengthen its presence in international markets.

B2B payments Market Players & Competitor Analysis:

The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2022-2031 & Sales with a thorough analysis of the market’s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.

B2B payments Market Segmentation Analysis:

The global B2B Payments Market industry is segmented into four categories: by Payment Type, by Enterprise Size, by Payment Method, by Industry Vertical, by region.

Based on the Payment Type

The B2B Payments Market is bifurcated into Domestic Payments, Cross-border Payments

According to the B2B payments transaction market analysis, the domestic payments sub-segment earned the most revenue in 2021 and is likely to continue this trend from 2022 through 2030. The growing number of small and medium-sized businesses in countries such as China and India is primarily driving the business-to-business payments transaction industry.

Cross-border payments, on the other hand, are expected to acquire substantial traction in the future years as international trade expands, boosting global import and export activity.

Based on the Enterprise Size

The global B2B Payments Market is split into Large Enterprises, Medium-sized Enterprises, Small-sized Enterprises

The large enterprise category dominated the B2B Payments market and is expected to continue to do so during the projected period. This is because large organisations are increasingly using B2B Payments to increase their market value and sales of products and services between businesses via online platforms.

The small-sized enterprise segment, on the other hand, is predicted to grow rapidly throughout the projection period, owing to increased cross-border transactions among small-sized firms worldwide in order to expand their operations.

Based on the Payment Method

The global B2B Payments Market is split into Bank Transfer, Cards, Others

Bank Transfer: Bank transfer refers to the direct transfer of funds from one bank account to another. This payment method is widely used in B2B transactions due to its reliability, security, and ease of use. Bank transfers are often preferred for large-value transactions and international payments. The analysis of the bank transfer segment can help businesses understand the market demand for secure and efficient banking solutions that facilitate seamless fund transfers.

Cards: Cards include credit cards, debit cards, and corporate cards that businesses use to make and receive payments. Card-based payments offer convenience, speed, and rewards, making them popular among businesses. The analysis of the cards segment can provide insights into the market demand for card processing solutions, payment gateways, and fraud prevention measures.

Others: The "Others" category encompasses alternative payment methods that are not specifically mentioned, such as digital wallets, electronic funds transfers, and emerging payment technologies. This segment reflects the growing trend of businesses embracing innovative payment solutions beyond traditional bank transfers and cards. The analysis of the "Others" segment can shed light on the adoption of new and emerging payment methods, highlighting the market potential for fintech solutions and digital payment platforms.

Based on the Industry Vertical

The global B2B Payments Market is split into Manufacturing, IT and Telecom, Metals and Mining, Energy and Utilities, BFSI, Government Sector, Others

Based on the provided segmentation categories, the segmentation analysis based on industry verticals is more significant in determining the B2B Payments market landscape. The industry vertical segmentation provides insights into the specific sectors and their unique payment requirements, enabling businesses to tailor their payment solutions to cater to the distinct needs of each industry. This analysis helps businesses understand the market dynamics, challenges, and opportunities within each vertical and develop targeted strategies and offerings.

The industry verticals such as Manufacturing, IT and Telecom, Metals and Mining, Energy and Utilities, BFSI (Banking, Financial Services, and Insurance), Government Sector, and Others represent key sectors that contribute to the overall B2B Payments market. Each industry has its own payment preferences, regulatory considerations, and transaction volumes, which impact the adoption and growth of B2B payment solutions.

Analyzing the B2B Payments market by industry verticals provides valuable insights into the specific pain points, challenges, and opportunities that businesses operating in each sector face. It helps payment service providers and solution vendors customize their offerings to address the unique requirements of different industries, thereby maximizing market potential and enhancing customer satisfaction.

For example, the Manufacturing sector may require payment solutions that integrate with supply chain management systems and facilitate seamless invoicing and payment processes between manufacturers and suppliers. The BFSI sector may demand secure and efficient payment solutions to handle high volumes of financial transactions and comply with stringent regulations. The Government Sector may have specific compliance and security requirements for processing payments.

The report also helps in understanding Global B2b payments Market dynamics, structure by analyzing the market segments, and project the Global B2b payments Market size. Clear representation of competitive analysis of key players by type, price, financial position, product portfolio, growth strategies, and regional presence in the Global B2b payments Market make the report investor’s guide.

Global B2b payments Market Regional Analysis:

North America Dominates the Global Market:

The global B2B Payments Market is analyzed on the basis of region across North America, Europe, Asia-Pacific, and LAMEA.

North America: North America, particularly the United States, has been a mature market for B2B Payments with well-established financial infrastructure and high digital adoption. The region has witnessed steady growth, driven by technological advancements and the presence of key market players. The focus has been on enhancing security, streamlining payment processes, and promoting digital transformation in B2B transactions.

Europe: Europe showcases a similar level of maturity in the B2B Payments market. Countries like the United Kingdom, Germany, and France have seen significant adoption of B2B payment solutions. The region emphasizes compliance with regulatory frameworks and focuses on interoperability, standardization, and cross-border payments. Digital wallet solutions, real-time payments, and open banking initiatives have gained traction in the European market.

Asia-Pacific: The Asia-Pacific region is experiencing rapid growth and is expected to dominate the B2B Payments market. Developing nations within Asia-Pacific, such as China and India, have witnessed substantial adoption of B2B payment solutions, driven by the digitalization of businesses and the increasing adoption of virtual card accounts. Major players are expanding their presence in the region, and advanced payment systems are being adopted to facilitate smoother cross-border transactions.

Latin America: Latin America has seen notable growth in B2B Payments, with countries like Brazil, Mexico, and Argentina leading the way. The region has focused on enhancing financial inclusion, improving payment infrastructure, and reducing friction in cross-border transactions. Digital payment methods, mobile wallets, and innovative fintech solutions have gained popularity among businesses in Latin America.

Middle East and Africa: The Middle East and Africa region is witnessing steady progress in the B2B Payments market. Countries such as the United Arab Emirates, Saudi Arabia, and South Africa are driving adoption by promoting digital transformation and advancing payment technologies. The focus is on enhancing security, improving payment infrastructure, and increasing financial inclusivity.

B2b payments Market Report is also available for below Regions and Country Please Ask for that

North America

• U.S.
• Canada
• Mexico

Europe

• Switzerland
• Belgium
• Germany
• France
• U.K.
• Italy
• Spain
• Sweden
• Netherland
• Turkey
• Rest of Europe

Asia-Pacific

• India
• Australia
• Philippines
• Singapore
• South Korea
• Japan
• China
• Malaysia
• Thailand
• Indonesia
• Rest Of APAC

Latin America

• Mexico
• Argentina
• Peru
• Colombia
• Brazil
• Rest of South America

Middle East and Africa

• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest Of MEA

Points Covered in the Report:

The points that are discussed within the report are the major market players that are involved in the market such as market players, raw material suppliers, equipment suppliers, end users, traders, distributors and etc.

The complete profile of the companies is mentioned. And the capacity, production, price, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and the technological developments that they are making are also included within the report. This report analysed 5 years data history and forecast.

The growth factors of the market are discussed in detail wherein the different end users of the market are explained in detail.

Data and information by market player, by region, by type, by application and etc., and custom research can be added according to specific requirements.

The report contains the SWOT analysis of the market. Finally, the report contains the conclusion part where the opinions of the industrial experts are included.

Key Questions:

• How much the global B2b payments Market valued?
• Which region has the largest share in 2021 for the global B2b payments Market?
• What are the driving factors for the market?
• Which is the leading segment in the global market?
• What are the major players in the market?

Research Scope of B2b payments Market:

• Historic year: 2018- 2021
• Base year: 2022
• Forecast: 2023 to 2031
• Representation of Market revenue in USD Million

B2b payments Market Trends: Market key trends which include Increased Competition and Continuous Innovations Trends: