Global B2B Business Payments Market size was valued at USD 7.3 Trillion in 2024 and is expected to reach USD 34.6 Trillion by 2033, at a CAGR of 17.4% during the forecast period 2024 – 2033.

B2B Business Payments Market: Overview

B2B payment refers to monetary transactions between two companies, as opposed to transactions that involve consumers. This is the electronic transmission of money between commercial bank accounts, frequently using Automated Clearing House (ACH) payments.

The B2B business payment environment is rapidly shifting towards digitalization and automation, which is a key worldwide trend. Globally, companies are progressively implementing digital platforms and electronic payment methods to optimize their payment procedures, boost productivity, and cut expenses.

The expanding impact of technology, the rise of creative fintech solutions, and the need for increased transaction security and transparency are some of the drivers driving this trend. This shift has also been expedited by the COVID-19 epidemic, which has made digital payment solutions necessary as distant work and virtual collaboration become more common.

To further improve B2B payment procedures, there is also an increasing emphasis on incorporating cutting-edge technologies like blockchain technology, real-time payments, and analytics powered by AI. The global shift toward digital B2B payment processing is changing the way businesses transact and interact financially, driving towards a more agile and efficient ecosystem.

By type, the domestic payments segment held the highest market share in 2023 and is expected to keep its dominance during the forecast period 2024-2033. Cash transactions are declining as domestic payments move steadily through digital channels due to ease, security, and the popularity of mobile payment applications.

By enterprise size, the medium-sized enterprises segment held the highest market share in 2023 and is expected to keep its dominance during the forecast period 2024-2033. To leverage technology for competitiveness and sustainable growth, medium-sized businesses are rapidly using integrated digital payment solutions to optimize operations, boost productivity, and strengthen financial management skills.

By end user, the IT and Telecom segment held the highest market share in 2023 and is expected to keep its dominance during the forecast period 2024-2033. The quick adoption of 5G technology, the growing emphasis on cybersecurity precautions, the increasing integration of AI and IoT, and the development of cloud computing services are some of the major trends in the IT and telecom industries.

The quick uptake of digital and mobile payment solutions in B2B business payments in North America is a noteworthy development that may be attributed to the emphasis on cost-effectiveness, efficiency, and regulatory compliance.

The second-biggest payment technology company in the world is Mastercard Inc. In addition to associated payment services, it provides a variety of payment transaction processing options.

Report Scope

Feature of the Report Details
Market Size in 2024 USD 7.3 Trillion
Projected Market Size in 2033 USD 34.6 Trillion
Market Size in 2023 USD 6.2 Trillion
CAGR Growth Rate 17.4% CAGR
Base Year 2023
Forecast Period 2024-2033
Key Segment By Type, Enterprise Size, End User and Region
Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options Request tailored purchasing options to fulfil your requirements for research.

CMI has comprehensively analyzed the Global B2B Business Payments market. The driving forces, restraints, challenges, opportunities, and key trends have been explained in depth to depict depth scenarios of the market. Segment wise market size and market share during the forecast period are duly addressed to portray the probable picture of this Global B2B Business Payments industry.

The competitive landscape includes key innovators, after market service providers, market giants as well as niche players are studied and analyzed extensively concerning their strengths, weaknesses as well as value addition prospects. In addition, this report covers key players profiling, market shares, mergers and acquisitions, consequent market fragmentation, new trends and dynamics in partnerships.

Global B2B Business Payments Market 2024–2033 (By Trillion)

List of the prominent players in the B2B Business Payments Market:

  • PayPal
  • Square Inc.
  • Stripe
  • Visa Inc.
  • Mastercard Incorporated
  • American Express Company
  • Payoneer Inc.
  • Adyen
  • Worldpay Inc.
  • Fiserv Inc.
  • Wirecard AG
  • JPMorgan Chase & Co.
  • Bank of America Corporation
  • Citigroup Inc.
  • Wells Fargo & Company
  • Shopify Inc.
  • Intuit Inc.
  • Tencent Holdings Limited
  • Ant Group
  • TransferWise Ltd.
  • Others

The B2B Business Payments Market is segmented as follows:

By Type

  • Domestic Payments
  • Cross-Border Payments

By Enterprise Size

  • Large Enterprises
  • Medium-Sized Enterprises
  • Small-Sized Enterprises

By End User

  • Manufacturing
  • IT and Telecom
  • Metals and Mining
  • Energy and Utilities
  • BFSI
  • Government Sector
  • Others

Regional Coverage:

North America

  • U.S.
  • Canada
  • Mexico
  • Rest of North America


  • Germany
  • France
  • U.K.
  • Russia
  • Italy
  • Spain
  • Netherlands
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • New Zealand
  • Australia
  • South Korea
  • Taiwan
  • Rest of Asia Pacific

The Middle East & Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa

Latin America

  • Brazil
  • Argentina
  • Rest of Latin America