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B2B Payments Market Report 2023 | Top Companies Growth, Outlook and Forecast 2028

09-28-2023 09:06 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: IMARC Group

B2B Payments Market Report 2023

B2B Payments Market Report 2023

How Big is the B2B Payments Market?

The global B2B payments market size reached US$ 1,025.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,682.4 Billion by 2028, exhibiting a growth rate (CAGR) of 8.1% during 2023-2028.

What are B2B Payments?

Business-to-business (B2B) payments involve the exchange of money between two businesses for the purchase of goods and services. They allow businesses to procure essential supplies, pay vendors, and manage cash flow effectively. They foster trust and reliability in business relationships, leading to long-term partnerships and growth opportunities. They enhance operational efficiency by reducing the reliance on manual payment processing, resulting in cost savings and minimizing errors. They are employed to settle utility bills and manage supplier relationships.

Request a PDF Sample for more detailed market insights: https://www.imarcgroup.com/b2b-payments-market/requestsample

What are the growth prospects and trends in the b2b payments industry?

The increasing reliance on electronic payment methods, such as electronic funds transfers (EFTs), virtual credit cards, and mobile payment apps, to streamline the financial operations of businesses is offering a favorable market outlook. Besides this, rising advancements in financial technology (fintech) services are offering more streamlined, user-friendly, and cost-effective B2B payment solutions.

Moreover, the increasing utilization of cryptocurrencies and smart contracts in B2B payments to secure transaction records and reduce fraud and disputes is impelling market growth. In addition, the growing integration of application programming interfaces (APIs) is simplifying the connectivity between various financial systems and B2B payment platforms.

Furthermore, the rising utilization of data analytics tools among businesses to optimize their payment strategies, mitigate risks, and identify opportunities for cost savings is positively influencing the market.

Ask Analyst for Customization and Browse full report with TOC & List of Figure: https://www.imarcgroup.com/b2b-payments-market

Report Segmentation:

The report has segmented the market into the following categories:

Breakup by Payment Type:
• Domestic Payments
• Cross-Border Payments

Breakup by Payment Mode:
• Traditional
• Digital

Breakup by Enterprise Size:
• Large Enterprises
• Small and Medium-sized Enterprises

Breakup by Industry Vertical:
• BFSI
• Manufacturing
• IT and Telecom
• Metals and Mining
• Energy and Utilities
• Others

Breakup by Region:
• North America: (United States, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa

Some of the Top Key players in the B2B Payments Market

American Express Company
Bank of America Corporation
Capital One
Citigroup Inc.
JPMorgan Chase & Co.
Mastercard Inc.
Payoneer Inc.
PayPal Holdings Inc.
Paystand Inc.
Stripe Inc.
Visa Inc.
Wise Payments Limited.

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

Browse Other Reports:

https://www.japanmarketresearch.jp/cloud-kitchen-market/

https://www.japanmarketresearch.jp/smart-diaper-market/

https://ae.linkedin.com/pulse/%25D8%25B3%25D9%2588%25D9%2582-%25D8%25A7%25D9%2584%25D9%2587%25D9%2586%25D8%25AF%25D8%25B3%25D8%25A9-%25D9%2588%25D8%25A7%25D9%2584%25D8%25AA%25D8%25B4%25D9%258A%25D9%258A%25D8%25AF-%25D9%2584%25D8%25B5%25D9%2586%25D8%25A7%25D8%25B9%25D8%25A9-%25D8%25A7%25D9%2584%25D9%2586%25D9%2581%25D8%25B7-%25D9%2588%25D8%25A7%25D9%2584%25D8%25BA%25D8%25A7%25D8%25B2-2023-%25D8%25A7%25D9%2584%25D8%25AD%25D8%25AC%25D9%2585-%25D9%2586%25D8%25B8%25D8%25B1%25D8%25A9-vik-chauhan/

https://www.linkedin.com/pulse/smart-city-platform-market-size-2023-2028-share-trends-vik-chauhan/

Contact Us:

IMARC Group

134 N 4th St. Brooklyn, NY 11249, USA

USA: +1-631-791-1145 | Asia: +91-120-433-0800

Email: sales@imarcgroup.com

Follow us on Twitter: @imarcglobal

LinkedIn: https://www.linkedin.com/company/imarc-group/mycompany/

About us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

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