The Global B2B Payments Transaction Market Size accounted for USD 49,481 Billion in 2021 and is projected to achieve a market size of USD 81,840 Billion by 2030 rising at a CAGR of 6% from 2022 to 2030. B2B payments are payments between two merchants for goods and services. Paper checks are still the most popular payment method for businesses. A digital B2B payment solution is a speed payment method, which all can enhance the cash flow of a company, including issuing, receiving and processing systems.
B2B Payments Transaction Market Report Statistics
- Global B2B payments transaction market revenue is estimated to reach USD 81,840 Billion by 2030 with a CAGR of 6% from 2022 to 2030
- North America B2B payments transaction market share generated over 41% shares in 2021
- According to recent statistics, it has been estimated that the total volume of B2B payments worldwide is approximately USD 120 trillion per year
- Asia-Pacific B2B payments transaction market growth will record substantial CAGR from 2022 to 2030
- Based on payment type, domestic payments captured over 64% of the overall market share in 2021
- Among payment mode, traditional sub-segment occupied more than 65% of the market share from 2022 to 2030
- Growing automation and industrialization is a popular B2B payments transaction market trend that is fueling the industry demand
Global B2B Payments Transaction Market Dynamics
Market Drivers
- Growing expansion of trades across the world
- Rising import and export of goods & services
- Increasing penetration of smartphones
- Surging number of online payment activities
Market Restraints
- Growing risks of fraudulent activities
- Increasing business losses and discontinuation
Market Opportunities
- Advent of COVID-19 pandemic fueled B2B payments trend
- Rising partnerships between B2B payments and FinTech giants
B2B Payments Transaction Market Report Coverage
| Market |
B2B Payments Transaction Market |
| B2B Payments Transaction Market Size 2021 |
USD 49,481 Billion |
| B2B Payments Transaction Market Forecast 2030 |
USD 81,840 Billion |
| B2B Payments Transaction Market CAGR During 2022 - 2030 |
6% |
| B2B Payments Transaction Market Analysis Period |
2018 - 2030 |
| B2B Payments Transaction Market Base Year |
2021 |
| B2B Payments Transaction Market Forecast Data |
2022 - 2030 |
| Segments Covered |
By Payment Type, By Enterprise Size, Payment Mode, By Industry Vertical, And By Geography
|
| Regional Scope |
North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
| Key Companies Profiled |
American Express Co. Inc., Ant Financial Services Co. Ltd., Bottomline Technologies Inc., Coupa Software Inc., FleetCor Technologies Inc., Intuit Inc., JPMorgan Chase & Co., MasterCard Inc., PayPal Holdings Inc., SAP, TransferWise Ltd., and Visa Inc. |
Report Coverage
|
Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis |
B2B Payments Transaction Market Growth Factors
Factors that are expected to propel the growth of target market are growing trade activities across the globe, increase in number of online payment activities and initiatives from the government of developing countries for cashless economy. Consumer’s preference towards online payment is increasing as it lower the risk of carrying money, or loss. Availability of smart application from banks and other players makes it easy for them to carry out daily transition online.
Moreover, technological shift towards digitalization, growing consumer’s preference for instant and real time payment system is expected to support the growing market traction to a certain extent. Bank is providing various applications for instant payment settlement with high transparency. As this lower the cost associated to credit card, debit card, and other membership fees. In 2016, Indian Banks Association launched the Unified Payments Interface (UPI) and the NPCI developed the Bharat Interface for Money (BHIM) app. UPI manages multiple bank accounts within one mobile application of any participating bank. In addition, availability of advanced infrastructure in order to support safe and reliable transaction is another important supporting the market growth.
However, incidences related to identity and data theft resulting in loss of money is a major factor hampering the market growth. Presence of phishing website from hackers and availability of high speed internet make it easy for hackers to steal data of consumers. According to World Economic Forum, two billion data records were compromised in 2017, and more than 4.5 billion records were breached in the first half of 2018.
High government spending in order to strengthen the online payment system and growing cross-border payments, coupled with approach towards improving the cross-border payment that lagged in terms of efficiency and transparency are some factors creating revenue opportunities for market players.
B2B Payments Transaction Market Segmentation
The global B2B payments transaction market is segmented based on payment type, enterprise size, payment mode, industry vertical, and geography.
B2B Payments Transaction Market By Payment Type
- Domestic Payments
- Cross-Border Payments
According to the B2B payments transaction industry analysis, domestic payments sub-segment generated the largest revenue in 2021 and is expected to continue its trend during the projected timeframe 2022 to 2030. The increasing numbers of small & medium enterprises in countries like China and India is primarily driving the b2b payments transaction industry. On the other hand, cross-border payments are gaining significant impetus in the forthcoming years due to the rise in international trade and fueling global import and export activities.
B2B Payments Transaction Market By Enterprise Size
- Large Enterprises
-
- Small and Medium Sized Enterprises
As per the B2B payments transaction market forecast, the large enterprises sub-segment accounted for more than half of the market shares during the estimated timeframe of 2022 to 2030. The huge amounts of transaction between large enterprises create significant opportunities for players operating in the industry. However, small & medium sized enterprises sub-segment is likely to witness substantial growth rate in the coming years owing to the rising number of these enterprises and increasing acceptance of digital payments.
B2B Payments Transaction Market By Payment Mode
Among the transaction type segment, the digital segment is gaining traction due to digitalization approach from the government of developing countries. From the total UPI transactions around 16.5 Million transactions amounting to INR 6,8872.57 crore were done through the BHIM app. The interface handled 93,000 transactions worth US$ 30 Mn for 21 banks.
B2B Payments Transaction Market By Industry Vertical
- BFSI
- Manufacturing
- Metals & Mining
- IT & Telecom
- Energy & Utilities
- Others
Based on industry vertical segment, BFSI conquered a bulk market share from 2022 to 2030. Since banking, financial services and insurance are dedicated to funds transfer and other banking activities they are ranking number 1 in the industry vertical list. The growing number of small & medium industries, growing workforce, rising international trades, increasing preference of business for cashless transaction, and the impact of COVID-19 pandemic have all upsurged the BFSI sector from past few years.
B2B Payments Transaction Market Regional Outlook
North America
Europe
- U.K.
- Germany
- France
- Spain
- Rest of Europe
Asia-Pacific
- India
- Japan
- China
- Australia
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
The Middle East & Africa
- South Africa
- GCC Countries
- Rest of the Middle East & Africa (ME&A)
B2B Payments Transaction Market Regional Analysis
North America is expected to account for high revenue share due to availability of advanced infrastructure in order to facilitate online payment. Canada is the world's second largest user of per capita credit cards, and its POS environment was dominated by B2B payment transaction credit cards few years back. During this era, credit card ownership extended to more than 90 percent of adult Canadians, while there was a powerful overall trend away from paper payment types–such as checks–to electronics. Because of benefits and comfort, credit cards have increased in popularity in big part.
High government spending on securing the transaction network, along with availability of standard regulation related to online payment is expected to support the growth of the market in this region.
Asia Pacific market is expected to witness faster growth due to high penetration of smart phone, internet, and high spending capacity of customers. In addition, major players approach towards developing countries in order to track the untapped market is expected to further support the regional market growth.
B2B Payments Transaction Market Players
The players profiled in the report include American Express Co. Inc., Ant Financial Services Co. Ltd., Bottomline Technologies Inc., Coupa Software Inc., FleetCor Technologies Inc., Intuit Inc., JPMorgan Chase & Co., MasterCard Inc., PayPal Holdings Inc., SAP, TransferWise Ltd., and Visa Inc.
CHAPTER 1. Industry Overview of B2B Payments Transaction Market
1.1. Definition and Scope
1.1.1. Definition of B2B Payments Transaction
1.1.2. Market Segmentation
1.1.3. Years Considered for the Study
1.1.4. Assumptions and Acronyms Used
1.1.4.1. Market Assumptions and Market Forecast
1.1.4.2. Acronyms Used in Global B2B Payments Transaction Market
1.2. Summary
1.2.1. Executive Summary
1.2.2. B2B Payments Transaction Market By Payment Type
1.2.3. B2B Payments Transaction Market By Enterprise Size
1.2.4. B2B Payments Transaction Market By Payment Mode
1.2.5. B2B Payments Transaction Market By Industry Vertical
1.2.6. B2B Payments Transaction Market By Region
CHAPTER 2. Research Approach
2.1. Methodology
2.1.1. Research Programs
2.1.2. Market Size Estimation
2.1.3. Market Breakdown and Data Triangulation
2.2. Data Source
2.2.1. Secondary Sources
2.2.2. Primary Sources
CHAPTER 3. Market Dynamics And Competition Analysis
3.1. Market Drivers
3.1.1. Driver 1
3.1.2. Driver 2
3.2. Restraints and Challenges
3.2.1. Restraint 1
3.2.2. Restraint 2
3.3. Growth Opportunities
3.3.1. Opportunity 1
3.3.2. Opportunity 2
3.4. Porter’s Five Forces Analysis
3.4.1. Bargaining Power of Suppliers
3.4.2. Bargaining Power of Buyers
3.4.3. Threat of Substitute
3.4.4. Threat of New Entrants
3.4.5. Degree of Competition
3.5. Market Concentration Ratio and Market Maturity Analysis of B2B Payments Transaction Market
3.5.1. Go To Market Strategy
3.5.1.1. Introduction
3.5.1.2. Growth
3.5.1.3. Maturity
3.5.1.4. Saturation
3.5.1.5. Possible Development
3.6. Technological Roadmap for B2B Payments Transaction Market
3.7. Value Chain Analysis
3.7.1. List of Key Manufacturers
3.7.2. List of Customers
3.7.3. Level of Integration
3.8. Regulatory Compliance
3.9. Competitive Landscape, 2021
3.9.1. Player Positioning Analysis
3.9.2. Key Strategies Adopted By Leading Players
CHAPTER 4. B2B Payments Transaction Market By Payment Type
4.1. Introduction
4.2. B2B Payments Transaction Revenue By Payment Type
4.2.1. B2B Payments Transaction Revenue (USD Billion) and Forecast, By Payment Type, 2018-2030
4.2.2. Domestic Payments
4.2.2.1. Domestic Payments Market Revenue (USD Billion) and Growth Rate (%), 2018-2030
4.2.3. Cross-Border Payments
4.2.3.1. Cross-Border Payments Market Revenue (USD Billion) and Growth Rate (%), 2018-2030
CHAPTER 5. B2B Payments Transaction Market By Enterprise Size
5.1. Introduction
5.2. B2B Payments Transaction Revenue By Enterprise Size
5.2.1. B2B Payments Transaction Revenue (USD Billion) and Forecast, By Enterprise Size, 2018-2030
5.2.2. Large Enterprises
5.2.2.1. Large Enterprises Market Revenue (USD Billion) and Growth Rate (%), 2018-2030
5.2.3. Small and Medium Sized Enterprises
5.2.3.1. Small and Medium Sized Enterprises Market Revenue (USD Billion) and Growth Rate (%), 2018-2030
CHAPTER 6. B2B Payments Transaction Market By Payment Mode
6.1. Introduction
6.2. B2B Payments Transaction Revenue By Payment Mode
6.2.1. B2B Payments Transaction Revenue (USD Billion) and Forecast, By Payment Mode, 2018-2030
6.2.2. Traditional
6.2.2.1. Traditional Market Revenue (USD Billion) and Growth Rate (%), 2018-2030
6.2.3. Digital
6.2.3.1. Digital Market Revenue (USD Billion) and Growth Rate (%), 2018-2030
CHAPTER 7. B2B Payments Transaction Market By Payment Mode
7.1. Introduction
7.2. B2B Payments Transaction Revenue By Payment Mode
7.2.1. B2B Payments Transaction Revenue (USD Billion) and Forecast, By Payment Mode, 2018-2030
7.2.2. BFSI
7.2.2.1. BFSI Market Revenue (USD Billion) and Growth Rate (%), 2018-2030
7.2.3. Manufacturing
7.2.3.1. Manufacturing Market Revenue (USD Billion) and Growth Rate (%), 2018-2030
7.2.4. Metals & Mining
7.2.4.1. Metals & Mining Market Revenue (USD Billion) and Growth Rate (%), 2018-2030
7.2.5. IT & Telecom
7.2.5.1. IT & Telecom Market Revenue (USD Billion) and Growth Rate (%), 2018-2030
7.2.6. Energy & Utilities
7.2.6.1. Energy & Utilities Market Revenue (USD Billion) and Growth Rate (%), 2018-2030
7.2.7. Others
7.2.7.1. Others Market Revenue (USD Billion) and Growth Rate (%), 2018-2030
CHAPTER 8. North America B2B Payments Transaction Market By Country
8.1. North America B2B Payments Transaction Market Overview
8.2. U.S.
8.2.1. U.S. B2B Payments Transaction Revenue (USD Billion) and Forecast By Payment Type, 2018-2030
8.2.2. U.S. B2B Payments Transaction Revenue (USD Billion) and Forecast By Enterprise Size, 2018-2030
8.2.3. U.S. B2B Payments Transaction Revenue (USD Billion) and Forecast By Payment Mode, 2018-2030
8.2.4. U.S. B2B Payments Transaction Revenue (USD Billion) and Forecast By Industry Vertical, 2018-2030
8.3. Canada
8.3.1. Canada B2B Payments Transaction Revenue (USD Billion) and Forecast By Payment Type, 2018-2030
8.3.2. Canada B2B Payments Transaction Revenue (USD Billion) and Forecast By Enterprise Size, 2018-2030
8.3.3. Canada B2B Payments Transaction Revenue (USD Billion) and Forecast By Payment Mode, 2018-2030
8.3.4. Canada B2B Payments Transaction Revenue (USD Billion) and Forecast By Industry Vertical, 2018-2030
8.4. North America PEST Analysis
CHAPTER 9. Europe B2B Payments Transaction Market By Country
9.1. Europe B2B Payments Transaction Market Overview
9.2. U.K.
9.2.1. U.K. B2B Payments Transaction Revenue (USD Billion) and Forecast By Payment Type, 2018-2030
9.2.2. U.K. B2B Payments Transaction Revenue (USD Billion) and Forecast By Enterprise Size, 2018-2030
9.2.3. U.K. B2B Payments Transaction Revenue (USD Billion) and Forecast By Payment Mode, 2018-2030
9.2.4. U.K. B2B Payments Transaction Revenue (USD Billion) and Forecast By Industry Vertical, 2018-2030
9.3. Germany
9.3.1. Germany B2B Payments Transaction Revenue (USD Billion) and Forecast By Payment Type, 2018-2030
9.3.2. Germany B2B Payments Transaction Revenue (USD Billion) and Forecast By Enterprise Size, 2018-2030
9.3.3. Germany B2B Payments Transaction Revenue (USD Billion) and Forecast By Payment Mode, 2018-2030
9.3.4. Germany B2B Payments Transaction Revenue (USD Billion) and Forecast By Industry Vertical, 2018-2030
9.4. France
9.4.1. France B2B Payments Transaction Revenue (USD Billion) and Forecast By Payment Type, 2018-2030
9.4.2. France B2B Payments Transaction Revenue (USD Billion) and Forecast By Enterprise Size, 2018-2030
9.4.3. France B2B Payments Transaction Revenue (USD Billion) and Forecast By Payment Mode, 2018-2030
9.4.4. France B2B Payments Transaction Revenue (USD Billion) and Forecast By Industry Vertical, 2018-2030
9.5. Spain
9.5.1. Spain B2B Payments Transaction Revenue (USD Billion) and Forecast By Payment Type, 2018-2030
9.5.2. Spain B2B Payments Transaction Revenue (USD Billion) and Forecast By Enterprise Size, 2018-2030
9.5.3. Spain B2B Payments Transaction Revenue (USD Billion) and Forecast By Payment Mode, 2018-2030
9.5.4. Spain B2B Payments Transaction Revenue (USD Billion) and Forecast By Industry Vertical, 2018-2030
9.6. Rest of Europe
9.6.1. Rest of Europe B2B Payments Transaction Revenue (USD Billion) and Forecast By Payment Type, 2018-2030
9.6.2. Rest of Europe B2B Payments Transaction Revenue (USD Billion) and Forecast By Enterprise Size, 2018-2030
9.6.3. Rest of Europe B2B Payments Transaction Revenue (USD Billion) and Forecast By Payment Mode, 2018-2030
9.6.4. Rest of Europe B2B Payments Transaction Revenue (USD Billion) and Forecast By Industry Vertical, 2018-2030
9.7. Europe PEST Analysis
CHAPTER 10. Asia Pacific B2B Payments Transaction Market By Country
10.1. Asia Pacific B2B Payments Transaction Market Overview
10.2. China
10.2.1. China B2B Payments Transaction Revenue (USD Billion) and Forecast By Payment Type, 2018-2030
10.2.2. China B2B Payments Transaction Revenue (USD Billion) and Forecast By Enterprise Size, 2018-2030
10.2.3. China B2B Payments Transaction Revenue (USD Billion) and Forecast By Payment Mode, 2018-2030
10.2.4. China B2B Payments Transaction Revenue (USD Billion) and Forecast By Industry Vertical, 2018-2030
10.3. Japan
10.3.1. Japan B2B Payments Transaction Revenue (USD Billion) and Forecast By Payment Type, 2018-2030
10.3.2. Japan B2B Payments Transaction Revenue (USD Billion) and Forecast By Enterprise Size, 2018-2030
10.3.3. Japan B2B Payments Transaction Revenue (USD Billion) and Forecast By Payment Mode, 2018-2030
10.3.4. Japan B2B Payments Transaction Revenue (USD Billion) and Forecast By Industry Vertical, 2018-2030
10.4. India
10.4.1. India B2B Payments Transaction Revenue (USD Billion) and Forecast By Payment Type, 2018-2030
10.4.2. India B2B Payments Transaction Revenue (USD Billion) and Forecast By Enterprise Size, 2018-2030
10.4.3. India B2B Payments Transaction Revenue (USD Billion) and Forecast By Payment Mode, 2018-2030
10.4.4. India B2B Payments Transaction Revenue (USD Billion) and Forecast By Industry Vertical, 2018-2030
10.5. Australia
10.5.1. Australia B2B Payments Transaction Revenue (USD Billion) and Forecast By Payment Type, 2018-2030
10.5.2. Australia B2B Payments Transaction Revenue (USD Billion) and Forecast By Enterprise Size, 2018-2030
10.5.3. Australia B2B Payments Transaction Revenue (USD Billion) and Forecast By Payment Mode, 2018-2030
10.5.4. Australia B2B Payments Transaction Revenue (USD Billion) and Forecast By Industry Vertical, 2018-2030
10.6. South Korea
10.6.1. South Korea B2B Payments Transaction Revenue (USD Billion) and Forecast By Payment Type, 2018-2030
10.6.2. South Korea B2B Payments Transaction Revenue (USD Billion) and Forecast By Enterprise Size, 2018-2030
10.6.3. South Korea B2B Payments Transaction Revenue (USD Billion) and Forecast By Payment Mode, 2018-2030
10.6.4. South Korea B2B Payments Transaction Revenue (USD Billion) and Forecast By Industry Vertical, 2018-2030
10.7. Rest of Asia-Pacific
10.7.1. Rest of Asia-Pacific B2B Payments Transaction Revenue (USD Billion) and Forecast By Payment Type, 2018-2030
10.7.2. Rest of Asia-Pacific B2B Payments Transaction Revenue (USD Billion) and Forecast By Enterprise Size, 2018-2030
10.7.3. Rest of Asia-Pacific B2B Payments Transaction Revenue (USD Billion) and Forecast By Payment Mode, 2018-2030
10.7.4. Rest of Asia-Pacific B2B Payments Transaction Revenue (USD Billion) and Forecast By Industry Vertical, 2018-2030
10.8. Asia Pacific PEST Analysis
CHAPTER 11. Latin America B2B Payments Transaction Market By Country
11.1. Latin America B2B Payments Transaction Market Overview
11.2. Brazil
11.2.1. Brazil B2B Payments Transaction Revenue (USD Billion) and Forecast By Payment Type, 2018-2030
11.2.2. Brazil B2B Payments Transaction Revenue (USD Billion) and Forecast By Enterprise Size, 2018-2030
11.2.3. Brazil B2B Payments Transaction Revenue (USD Billion) and Forecast By Payment Mode, 2018-2030
11.2.4. Brazil B2B Payments Transaction Revenue (USD Billion) and Forecast By Industry Vertical, 2018-2030
11.3. Mexico
11.3.1. Mexico B2B Payments Transaction Revenue (USD Billion) and Forecast By Payment Type, 2018-2030
11.3.2. Mexico B2B Payments Transaction Revenue (USD Billion) and Forecast By Enterprise Size, 2018-2030
11.3.3. Mexico B2B Payments Transaction Revenue (USD Billion) and Forecast By Payment Mode, 2018-2030
11.3.4. Mexico B2B Payments Transaction Revenue (USD Billion) and Forecast By Industry Vertical, 2018-2030
11.4. Rest of Latin America
11.4.1. Rest of Latin America B2B Payments Transaction Revenue (USD Billion) and Forecast By Payment Type, 2018-2030
11.4.2. Rest of Latin America B2B Payments Transaction Revenue (USD Billion) and Forecast By Enterprise Size, 2018-2030
11.4.3. Rest of Latin America B2B Payments Transaction Revenue (USD Billion) and Forecast By Payment Mode, 2018-2030
11.4.4. Rest of Latin America B2B Payments Transaction Revenue (USD Billion) and Forecast By Industry Vertical, 2018-2030
11.5. Latin America PEST Analysis
CHAPTER 12. Middle East & Africa B2B Payments Transaction Market By Country
12.1. Middle East & Africa B2B Payments Transaction Market Overview
12.2. GCC
12.2.1. GCC B2B Payments Transaction Revenue (USD Billion) and Forecast By Payment Type, 2018-2030
12.2.2. GCC B2B Payments Transaction Revenue (USD Billion) and Forecast By Enterprise Size, 2018-2030
12.2.3. GCC B2B Payments Transaction Revenue (USD Billion) and Forecast By Payment Mode, 2018-2030
12.2.4. GCC B2B Payments Transaction Revenue (USD Billion) and Forecast By Industry Vertical, 2018-2030
12.3. South Africa
12.3.1. South Africa B2B Payments Transaction Revenue (USD Billion) and Forecast By Payment Type, 2018-2030
12.3.2. South Africa B2B Payments Transaction Revenue (USD Billion) and Forecast By Enterprise Size, 2018-2030
12.3.3. South Africa B2B Payments Transaction Revenue (USD Billion) and Forecast By Payment Mode, 2018-2030
12.3.4. South Africa B2B Payments Transaction Revenue (USD Billion) and Forecast By Industry Vertical, 2018-2030
12.4. Rest of Middle East & Africa
12.4.1. Rest of Middle East & Africa B2B Payments Transaction Revenue (USD Billion) and Forecast By Payment Type, 2018-2030
12.4.2. Rest of Middle East & Africa B2B Payments Transaction Revenue (USD Billion) and Forecast By Enterprise Size, 2018-2030
12.4.3. Rest of Middle East & Africa B2B Payments Transaction Revenue (USD Billion) and Forecast By Payment Mode, 2018-2030
12.4.4. Rest of Middle East & Africa B2B Payments Transaction Revenue (USD Billion) and Forecast By Industry Vertical, 2018-2030
12.5. Middle East & Africa PEST Analysis
CHAPTER 13. Player Analysis Of B2B Payments Transaction Market
13.1. B2B Payments Transaction Market Company Share Analysis
13.2. Competition Matrix
13.2.1. Competitive Benchmarking of key players by price, presence, market share, and R&D investment
13.2.2. New Product Launches and Product Enhancements
13.2.3. Mergers And Acquisition In Global B2B Payments Transaction Market
13.2.4. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements
CHAPTER 14. Company Profile
14.1. American Express Co. Inc.
14.1.1. Company Snapshot
14.1.2. Business Overview
14.1.3. Financial Overview
14.1.3.1. Revenue (USD Billion), 2021
14.1.3.2. American Express Co. Inc. 2021 B2B Payments Transaction Business Regional Distribution
14.1.4. Product /Service and Specification
14.1.5. Recent Developments & Business Strategy
14.2. Ant Financial Services Co. Ltd.
14.3. Bottomline Technologies Inc.
14.4. Coupa Software Inc.
14.5. FleetCor Technologies Inc.
14.6. Intuit Inc.
14.7. JPMorgan Chase & Co.
14.8. MasterCard Inc.
14.9. PayPal Holdings Inc.
14.10. SAP
14.11. TransferWise Ltd.
14.12. Visa Inc.
