B2B Payments Market Forecast 2025-2034: Evaluating Growth Factors, Segments, and Emerging Trends

What combination of drivers is leading to accelerated growth in the b2b payments market?
The expansion of worldwide commerce is anticipated to propel the growth of the B2B payment market. Trade, in this context, pertains to the process of buying and selling goods and services between corporations, countries or collective groups with the ultimate objective of gaining profit. This becomes global trade when performed on an international scale. B2B payments, which are a crucial component of import and export transactions, facilitate swift currency or money exchange for products and services within trade business. For example, as per the United Nations Conference on Trade and Development, a Swiss intergovernmental organization endorsing global trade, there was a 25% increase in global trade value in February 2022. This led to an impressive reach of $28.5 trillion in 2021, a significant rise from 2020. Additionally, the World Trade Organization, another Switzerland-based entity overseeing and promoting international trade, reported that global merchandise trade volumes saw a 3.5% boost in 2022. Consequently, the booming global trade is boosting demand in the B2B payments market.

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What is the projected compound annual growth rate (CAGR) of the b2b payments market from 2025 to 2034, and what factors influence it?
The size of the B2B payment market has seen significant growth in the recent past. An increase from $1233.91 billion in 2024 to $1348.12 billion in 2025, reflecting a compound annual growth rate (CAGR) of 9.3%, is predicted. The historical growth of this market can be associated with factors such as globalization and cross-border transactions, the need for speedier and safer transactions, changes in regulatory and compliance measures, financial process automation, and the rise of fintech solutions.

Anticipations show a swift escalation in the size of the B2B payments market in the upcoming years. The market is projected to inflate to $1992.42 billion by 2029, exhibiting a compound annual growth rate (CAGR) of 10.3%. This surge during the forecast period can be tied to the sustained growth in global trade, emphasis on optimizing working capital, emerging subscription-based services, collaborations with ERP systems, and improved measures for data security. Notable shifts expected during the forecast period include the industry-specific customization of payment solutions, a move towards contactless and mobile payment methods, advanced supplier-buyer collaboration platforms, focus on working capital optimization, and the incorporation of payment analytics into decision-making processes.

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How are the latest trends influencing the growth of the b2b payments market?
One of the prominent trends in the B2B payments market is product innovation. The leading businesses in the market are focusing on the creation of new technological solutions to consolidate their market positions. For example, American Express, a US-based financial services corporation specializing in payment cards, unveiled Amex Business Link in December 2022. This digital B2B payment ecosystem aims to enhance network issuing and acquiring for participants. It boasts a unique architecture that enables it to integrate with all customer relationship management (CRM) and enterprise resource planning (ERP) systems where APIs are accepted. The platform also comes with dedicated reporting and reconciliation features. It accommodates both local and international transactions, accepting card and non-card payments, thereby offering convenient payment options for all customer and provider sizes. Furthermore, it provides buyers and suppliers with dynamic data, which allows for automatic reconciliation and provides actionable insights into sales and purchases.

What are the major segments of the b2b payments market and their role in driving growth?
The B2B payments market covered in this report is segmented -

1) By Payment Type: Domestic Payments, Cross-Border Payments
2) By Payment Mode: Bank Transfer, Cards, Other Payment Modes
3) By Enterprise Size: Large Enterprises, Medium-Sized Enterprises, Small-Sized Enterprises
4) By Industry Vertical: Manufacturing, IT And Telecom, Metals And Mining, Energy And Utilities, Banking, Financial Services And Insurance, Government Sector, Other Industry Vertical

Subsegments:
1) By Domestic Payments: ACH Transfers, Wire Transfers, Credit And Debit Card Payments, E-checks And Electronic Invoicing
2) By Cross-Border Payments: International Wire Transfers, Foreign Exchange Services, Payment Processing Platforms For Global Transactions, Remittance Services

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Which regions are key players in the growth of the b2b payments market?
Asia-Pacific was the largest region in the B2B payments market in 2024. The regions covered in the B2B payments market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Who are the key firms paving the way for growth in the b2b payments market?
Major companies operating in the B2B payments market include JPMorgan Chase & Co., Bank of America Corporation, Citigroup Inc., American Express Company, Capital One Financial Corporation, Visa Inc., PayPal Holdings Inc., Mastercard Inc., Fiserv Inc., Block Inc., Square Inc., Fidelity National Information Services Inc., Stripe Inc., Global Payments Inc., Ant Group Co., Worldpay Inc., Fleetcor Technologies Inc., Comdata Inc., WEX Inc., ACI Worldwide Inc., Adyen N.V., Bill.com Inc., TransferWise Ltd., Coupa Software Inc., Wise Payments Limited, Payoneer Global Inc., Bottomline Technologies Inc., Flywire Corporation, Paystand Inc., AvidXchange Inc., Divvy Inc., Tipalti Inc., Airwallex, WePay Inc., Billtrust Holdings Inc.

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What Is Covered In The B2B Payments Global Market Report?

• Market Size Forecast: Examine the b2b payments market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the b2b payments market for a structured understanding.
• Key Players Overview: Analyze major players in the b2b payments market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the b2b payments market.
• Segment Contributions: Evaluate how different segments drive overall growth in the b2b payments market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the b2b payments market.
• Industry Challenges: Identify potential risks and obstacles affecting the b2b payments market.
• Competitive Landscape: Review strategic developments in the b2b payments market, including expansions, agreements, and new product launches.

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