B2B Payments Transaction Market Size By Payment Type, By Enterprise Size, Payment Mode, By Industry Vertical, And By Geography 2030

Global B2B Payments Transaction Market Size is estimated to reach USD 81,840 Billion by 2030, with a CAGR of 6% over the projected years of 2022-2030, as per the Acumen Research and Consulting

B2B Payments Transaction Market Overview:

B2B payments transaction or business-to-business payment transaction are electronic payments focused on business. B2B payments take place between a manufacturer and wholesaler, or a wholesaler and retailer, rather than business to individual consumer. Rapidly growing business activities across the world is paving a way for the b2b payments transaction market. The introduction of AI, 5G, and blockchain technologies will significantly accelerate market growth in the coming years. Surging number of cross-border trade is anticipated to drive the growth of the market forward in the coming years. ACH payments, credit cards, wire transfers, virtual cards, and cash payments are the five most common payment processing methods used in business-to-business payments transaction industry.

B2B Payments Transaction Market Statistics:

• Global B2B payments transaction market size was worth USD 49,481 Billion in 2021, growing at 6% CAGR 2022 - 2030
• North American B2B payments transaction market share accounted for USD 20,287.2 billion revenue in 2021
• Asia-Pacific business-to-business payments transaction market growth is estimated to register noteworthy CAGR of over 7% from 2022 to 2030
• By payment type, domestic payments acquired over USD 31,667.8 billion in revenue in 2021
• Among payment mode, traditional payments captured over USD 32,162.6 billion in 2021
• Surging partnership between B2B payment players and FinTech giants is a B2B payments transaction market trend fueling the demand

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B2B Payments Transaction Market Dynamics

Growing global trade expansion and growing import and export of goods and services are the two primary factors driving the growth of the b2b payments transaction market. In addition, the growing number of online payment activities between international businesses is another factor driving market growth. Also, growing smartphone penetration is a significant b2b payments transaction market trend that will fuel industry demand in the coming years. Then again, business shift However, the lack of fraudulent activities in transactions prevents the market from expanding. Besides that, an increase in business losses is impeding market growth. v Furthermore, the lack of visibility of end-to-end transaction visibility due to multiple payments, the incorporation of chargebacks, extra costs, and payment cycle disruption are making B2B payment methods less preferred. A lack of transaction transparency is another factor that is expected to limit market growth.

Furthermore, the arrival of the COVID-19 pandemic had both positive and negative consequences for the business. Some small businesses were unable to cope with the recurring lockdowns and were forced to close; however, other large and healthcare and pharmaceutical businesses took advantage of the situation and made millions during this time.

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B2B Payments Transaction Market Segment

The global B2B payments transaction market is categorized into payment type, payment mode, enterprise size, and geography.

• Based on the payment type, the market is bifurcated into domestic payments and cross-border payments
• The payment mode segment includes traditional and digital mode of payments
• Large enterprises and small & medium sized enterprises are the splits of enterprise size segment
• On the basis of region, the market is classified into North America, Latin America, Asia-Pacific, Europe, and the MEA

B2B Payments Transaction Market Share

According to the business-to-business payments transaction industry analysis, the domestic payments segment grabbed the most revenue in 2021 and is likely to do so from 2022 to 2030. According to the B2B payments transaction market forecast, the large enterprises represented over 65% market shares from 2022 to 2030. The digital transaction type segment is gaining grip among transaction types due to the government of emerging nations digitalization approach.

B2B Payments Transaction Market Regional Analysis

Based on regional analysis, North America gathered more than 40% of the share in 2021 and is expected to do so in the coming years from 2022 to 2030. The presence of multi-national companies, existence of giant fintech players, and increased international trade of US with other countries are the key aspects that are driving the global b2b payments transaction market.

In terms of growth the Asia-Pacific market is likely to grow faster because of the high penetration of smart phones and internet, as well as customers' soaring spend capacity. In addition to that, the increase in import and export trades in countries such as China, India, and Japan is fueling the APAC b2b payments transaction industry.

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B2B Payments Transaction Market Players

Some of the top B2B payments transaction companies considered in the study include American Express Co. Inc., Bottomline Technologies Inc., Coupa Software Inc., Intuit Inc., PayPal Holdings Inc., JPMorgan Chase & Co., Ant Financial Services Co. Ltd., FleetCor Technologies Inc., MasterCard Inc., TransferWise Ltd., SAP, and Visa Inc.

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