Saudi Arabia B2B Payments Market Size is Expected to Reach USD 25.2 Billion By 2034 | CAGR: 8.57%

Saudi Arabia B2B Payments Market Overview

Market Size in 2025: USD 12.0 Billion

Market Size in 2034: USD 25.2 Billion

Market Growth Rate 2026-2034: 8.57%

According to IMARC Group's latest research publication, "Saudi Arabia B2B Payments Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2026-2034", The Saudi Arabia B2B payments market size reached USD 12.0 Billion in 2025. Looking forward, IMARC Group expects the market to reach USD 25.2 Billion by 2034, exhibiting a growth rate (CAGR) of 8.57% during 2026-2034.

How AI is Reshaping the Future of Saudi Arabia B2B Payments Market

● Artificial intelligence algorithms optimize payment reconciliation processes, reducing manual errors and accelerating transaction settlement times for business-to-business payments across Saudi enterprises.

● Machine learning models enhance fraud detection capabilities in B2B transactions, analyzing payment patterns and identifying suspicious activities to protect businesses from financial losses and security breaches.

● AI-powered credit risk assessment systems enable faster decision-making for trade credit approvals, evaluating business creditworthiness and payment histories to facilitate secure B2B payment arrangements.

● Intelligent automation streamlines invoice processing and accounts payable workflows, extracting data from invoices automatically and matching them with purchase orders to improve operational efficiency.

● AI-driven predictive analytics forecast cash flow patterns and payment behaviors, helping Saudi businesses optimize working capital management and make informed financial planning decisions.

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How Vision 2030 is Transforming Saudi Arabia B2B Payments Industry

Saudi Arabia's Vision 2030 is revolutionizing the B2B payments industry by driving digital transformation, enhancing payment infrastructure, and positioning the Kingdom as a regional fintech hub. The initiative promotes widespread adoption of digital payment solutions through massive investments in financial technology infrastructure, real-time payment systems, and regulatory frameworks that encourage innovation and competition. With the government achieving a 79% cashless transaction rate in 2024, ahead of its 2025 target, businesses are rapidly transitioning from traditional payment methods to advanced digital solutions that offer speed, security, and transparency. Vision 2030's emphasis on developing world-class fintech ecosystems has attracted international payment providers and technology companies to establish operations in Saudi Arabia, bringing cutting-edge payment technologies and expertise to the market.

Saudi Arabia B2B Payments Market Trends & Drivers:

Saudi Arabia's B2B payments market is experiencing robust growth, driven by the digital transformation sweeping across industries that has propelled demand for efficient and streamlined payment solutions. As companies increasingly embrace automation and digitization, the need for seamless B2B payment processes becomes imperative, with businesses moving away from traditional paper-based systems toward electronic platforms that offer real-time processing, enhanced security, and comprehensive audit trails. The rise of e-commerce and online marketplaces has contributed significantly to market expansion, as businesses seek secure and instantaneous payment methods to facilitate transactions on digital platforms with integrated payment solutions that reduce settlement times and improve cash flow management.

The expansion of fintech innovation is propelling market growth by offering businesses access to advanced payment technologies including instant payment systems, blockchain-based solutions, and API-driven platforms that integrate seamlessly with existing enterprise resource planning systems. Saudi Arabia's achievement of a 79% cashless transaction rate demonstrates the Kingdom's rapid shift toward digital payments, creating momentum for B2B payment adoption as businesses align with national digital transformation goals. The implementation of real-time payment infrastructure like SARIE, which delivered almost 600 million instant payment transactions in 2024, is enabling businesses to conduct P2B and B2B payments instantly, improving operational efficiency and reducing working capital requirements.

Regulatory changes and compliance requirements have played a pivotal role in shaping the B2B payments landscape, with stringent regulations incentivizing businesses to adopt advanced payment technologies to ensure adherence to legal frameworks including the electronic invoicing mandates and wage protection systems. The Saudi Central Bank's progressive approach to fintech licensing and the establishment of regulatory sandboxes have created an environment where payment innovation thrives, with over 280 fintech companies now operating in the Kingdom. The integration of open banking frameworks facilitates secure data sharing between financial institutions and third-party payment providers, enabling businesses to access innovative payment initiation services and comprehensive financial management tools.

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Saudi Arabia B2B Payments Industry Segmentation:

The report has segmented the market into the following categories:

Payment Type Insights:

● Domestic Payments
● Cross-Border Payments

Payment Mode Insights:

● Traditional
● Digital

Enterprise Size Insights:

● Large Enterprises
● Small and Medium-sized Enterprises

Industry Vertical Insights:

● BFSI
● Manufacturing
● IT and Telecom
● Metals and Mining
● Energy and Utilities
● Others

Breakup by Region:

● Northern and Central Region
● Western Region
● Eastern Region
● Southern Region

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Recent News and Developments in Saudi Arabia B2B Payments Market

● December 2025: The Saudi Central Bank (SAMA) announced the integration of Alipay+ into the Kingdom's national payment system mada, expected to go live in 2026, significantly enhancing cross-border B2B payment capabilities and opening Saudi businesses to international digital payment networks.

● November 2025: Limitless Payments launched as a new Riyadh-headquartered fintech investment vehicle, bringing together Xpence (the GCC's leading B2B spend management platform), GC Partners (international payments and foreign exchange specialist), and Numito (multi-bank FX trading platform).

● January 2026: Saudi Arabia implemented mandatory electronic salary payment systems through the Musaned platform, demonstrating the government's commitment to digitizing all forms of business payments and strengthening wage protection mechanisms.

Note: If you require specific details, data, or insights that are not currently included in the scope of this report, we are happy to accommodate your request. As part of our customization service, we will gather and provide the additional information you need, tailored to your specific requirements. Please let us know your exact needs, and we will ensure the report is updated accordingly to meet your expectations.

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