Report Code: CMI57716

Published Date: October 2024

Pages: 320+

Category: Technology

Reports Description

As per the current market research conducted by CMI Team, the global B2B Cross-Border Payments Market is expected to record a CAGR of 7.2% from 2024 to 2033. In 2024, the market size is projected to reach a valuation of USD 67.97 Trillion. By 2033, the valuation is anticipated to reach USD 121.84 Trillion.

The B2B cross-border payments market refers to business transactions in different geographical locations. Such transactions involve highly valued amounts and numerous intricacies regarding the payment, such as issues of currency, borders, and security.

Some of the important trends keeping the cross-border market active include the use of blockchain technology for transparency, efficiency owing to the use of real-time payments, fraud prevention by integrating AI, and cooperation between banks and clients who operate in the fintech area.

Increasing regulation compliance, along with the expansion of digital wallets, also influences the changes happening in the industry because they make cross-border transactions much easier and less time-consuming.

B2B Cross-border Payments Market – Significant Growth Factors

The B2B cross-border payments market presents significant growth opportunities due to several factors:

  • Globalization and International Trade Expansion: Globalization can be categorized as one of the most essential developments in the contemporary world. It has made economies, particularly the economic activities connected to trade, much more. Organizations are searching for simple, safe, and cheap options to make payments that cut across borders. Due to the further growth of companies on a global scale, demand for B2B cross-border payment solutions has escalated. Improving trade relations and eliminating trade impediments are even more drivers for the market. It is not unusual, as more and more companies start exporting, for the need to arise for payment systems that will deal with a range of currencies and meet the particular needs of the various markets, offering reasonable rates and meeting exchange compliance.
  • Technological Advancements and Innovations: Blockchain, AI, and machine learning have significantly altered the B2B cross-border payments market. The adoption of blockchain technology eliminates fraud risk by enhancing trust and surveillance in transactions. Tools such as AI and machine learning further assist in detecting fraud and streamlining sophisticated procedures, making payments more reliably and within a shorter period. There is also an increasing execution of real-time payment systems and utilization of digital wallets, which present a timely and easy approach to businesses. These technological advances are the main reason why modern payment systems are being adapted and are making it easier to complete cross border transactions.
  • Fintech-Bank Collaborations: The partnership between banks and fintech companies is changing the scenario of the cross-border B2B payments market. Fintech brings inventiveness, speed, and new technologies, while banks provide credibility and knowledge of regulations in place and existing systems. Together, they combine their efforts to offer integrated solutions that meet the requirements of completely different industries. These partnerships result in more robust electronic payment systems with enhanced speed, safety, and user adoption. They also allow banks to compete effectively in the contemporary world and permit fintech to internationalize their products, thus enhancing the pace of growth of the market.
  • Regulatory Changes and Compliance: The evolving regulatory landscape creates a major factor that governs the B2B cross-border payments market. The regulatory bodies and governments have introduced strict regulations to protect money laundering. The factors of B2B cross-border payments comprise general standards such as KYC and AML, which are standard for every player and based on customer competition. Meeting international standards of practice is associated with meeting business requirements, such as An Example of Financial Economic Sociology, Volume 9, Number 2, 254 – 274, Expectations of Money Laundering with the association of the activities of business enterprises.
  • Cost Efficiency and Competitive Exchange Rates: Cost effectiveness remains a primary attribute within the B2B cross border payments. Total transaction costs are gradually increasing since new participants must constantly look for measures to cut down transaction prices and processes. Therefore, products that ensue low margins, low fees, low exchange rates and clear charges are very appealing. This is especially among the fintech firms who have and continue leveraging technology to give a cheaper option than the normal financial institutions. Hence, by decreasing the hidden costs and improving the exchange rate these agencies make the companies achieve better utilization of their budgets and thus affecting the uptake of their services positively.
  • Increasing Demand for Real-time Payments: There has been a surge in real-time payments owing to the rising demand for immediate and seamless transactions. The corporate sector has a case for having instant payments for cash flow, payment of bills, and payment of supply chains. Real-time payments cut out the lag time of waiting to process transactions using traditional banking methods and augment productivity. The increasing use of digital wallets and other mobile payment systems only add on this benefit at the same time allowing faster release and receipt of funds. Offering access to actual payment systems as an option to clients is increasingly becoming a unique selling point worth having in the inter-business journey cross-border payments sector, hence its growth and acceptance.

B2B Cross-border Payments Market – Mergers and Acquisitions

The B2B Cross-border Payments Market has seen several mergers and acquisitions in recent years, with companies seeking to expand their market presence and leverage synergies to improve their product offerings and profitability. Some notable examples of mergers and acquisitions in the B2B Cross-border Payments Market include:

  • November 2023: Mastercard and Japan’s NEC have collaborated to advance in-store biometric payments. Through a signed Memorandum of Understanding, the partnership aims to implement NEC’s face recognition and liveness verification technology and Mastercard’s payment enablement and optimized user experience to enhance the system nationwide.
  • May 2023: TD Bank introduced new sets of credit card products to seize the increasing opportunities in the credit card space. A no-interest credit card that makes the customers pay a flat monthly fee was also launched, a revolutionary product for the American market. In addition, they also presented TD FlexPay, “the most flexible” credit card of TD to date with higher payment and balance transfer flexibility.

These mergers and Acquisitions helped companies expand their product offerings, improve their market presence, and capitalize on growth opportunities in the B2B cross-border payments market. The trend is expected to continue as companies seek a competitive edge in the market.

COMPARATIVE ANALYSIS OF THE RELATED MARKET

B2B Cross-border Payments Market Europe B2B Payments Market B2B Payments Market
CAGR 7.2% (Approx.) CAGR 9.8% (Approx.) CAGR 9% (Approx.)
USD 121.84 Trillion by 2033 USD 1,329.1 Billion by 2033 USD 1689.4 Billion by 2033

B2B Cross-border Payments Market – Significant Threats

The B2B Cross-border Payments Market faces several significant threats that could impact its growth and profitability in the future. Some of these threats include:

  • Regulatory Compliance and Changes: Several negative factors threaten the B2B cross-border payments market, with regulation being one of the main ones that is constantly present and changing. International requirements such as KYC and AML measures are necessary for every region. There can be an overlap in the US versus European regulatory regimes and this can also drive up the chances of non-compliance which in turn comes at a cost in terms of fines or loss of business. In addition, when the regulations get changed in a hurry, this calls for the revolutionizing of the whole compliance process which is expensive to organizations.
  • Cybersecurity Threats and Fraud: Cybersecurity threats are the major concern in the B2B cross border payments market. It is evident that the volume of electronic transactions leads to increase in the chances of information theft, fraud or cyber-attacks. Various reasons may lead to the enhancement of fraudsters’ strategies to penetrate the payment gateways, which may put personal or corporate finances at risk. An imminent security breach and incurred potential risk would cause losses in finances, bad reputation, legal actions, and customer trust. It is, therefore, imperative to incorporate measures to prevent threats and monitor activities, although it is also quite difficult.
  • Currency Fluctuations and Exchange Rate Volatility: In cross border B2B payments, there is a significant risk of exchange rate fluctuations. Changes in the prevailing exchange rates may render the execution of such transactions very costly and may impose losses on the businesses. However, this also introduces an additional risk in cross border transactions as businesses find it difficult to estimate and control the costs. Although expensive and require more operational sophistication, hedges can manage some risks.
  • Technological Disruptions and Integration Challenge: However, technological change is driving the innovation but also poses serious risks. For, changes in technology are so rapid that existing systems become outdated and make appropriate updates and new solutions unavoidable. New technology’s incorporation into existing dated systems can be both complicated and disruptive to the environment. In addition, there is a risk tied to technology availability from one or several third parties that is their dependability and provision of a specific service over time. Any shortcomings in technology husbandry may negatively affect business continuity and payment systems processes.
  • Geopolitical Instabilities: Some geopolitical factors, such as trade wars, sanctions, or political instability, can impact the B2B cross-border payments market. These reasons can result in barriers in trade, changes in the environment that is regulatory or even restrictions on movement of money between some nations. Companies that are based in politically unstable regions are at an elevated risk of transaction delays, payments being blocked and funds being lost. Managing these geopolitical risks is particularly burdensome as it calls for thorough planning and usually comes with extra costs.
  • Competition and Market Saturation: The B2B cross-border payments that allow business transactions between companies targeted at investors is an area that is intensely competitive with varying players, from brick-and-mortar banks to fintech companies. Given the fierce competition, the price war is a detailed occurrence that eats more deeply into the company’s profitability. Moreover, the competition is so intense that more or less leaves no space for the start-ups to withstand or the old ones to uphold. Therefore, these companies will have to ensure and et al. innovativeness and differentiation which will call for a lot of resources and capital focusing on research.

Category-Wise Insights

By Enterprise Size:

  • Large Enterprise Size: Large enterprises are generally multinational corporations who have great capabilities and business activities in more than one geographic territory. Hence, these organizations have high online transaction volume and therefore need advanced, adaptable and highly secured international payment solutions for management of numerous intricate transactions. There is continuing development along other variables with an example of embrace for modern systems e.g. utilization of distributed ledger technology for additional data integrity, the directed use of instant payment systems in order to cut down the payment speed, or employing artificial intelligence to detect abnormal activities. Also, large corporations are using fintech collaboration to optimize processes, cut costs, and meet different international compliance requirements.
  • Small and Medium-sized Enterprises (SMEs): Small and Medium-sized Enterprises (SMEs) Industry is characterized by low income and few employees when compared to the large enterprises. Such companies remain local most of the times, but they opt to perform some cross-border trade for the sake of avoiding a singular supplier or tapping into new suppliers. However, trends show that there is a high use of a digital wallet and mobile payment systems which are cheaper and has low transaction costs. SMEs are benefiting from the fintech innovations in the form of advantageous exchange rates and competitive charges. Another reason is the increasing use of e-commerce which has made many exporters enhance their cross border payment solutions to address the ecommerce growth and expansion of global market.

By End User

  • Individuals: The individual segment includes, freelance people, remote workers, consumers conducting international transactions either for personal or for professional reasons. The expanding gig economy and remote working ecosystem have created better payment channels which are fast and inexpensive to carry out low risks and cost-effective international transfers. Digital wallets, Mobile payment applications and blockchain technology are rapidly becoming popular due to their speed, security and ease of use. On the other hand, personal remittances and international e-commerce form strong models for cross border payment services that are fast and reliable.
  • Businesses: The business segment includes the small. Medium and large corporations are part of international trade, supply chain activities, and worldwide operations, which require cross-border payments. The businesses are looking for the low-cost, fast payment systems for managing the global transactions. The fintech innovations like blockchain and AI are improving the security and efficiency of the transactions. Increase in regulatory requirements, cooperation between banks and fintech companies, and demand for sun is fuel for this market. Businesses seek to optimize foreign direct investments flow whereby cross border payments are regarded as ways of managing working capital while minimizing costs and enhancing business processes.

By Channel

  • Bank Transfer: The traditional method of the transferring funds between the banks across borders with the help of interbank networks like SWIFT. The rising usage of blockchain for the transparency and security, real-time gross settlement (RTGS) systems which makes transaction faster, and banks collaborating with the fintech firms to improve the cross-border abilities.
  • Money Transfer Operator: The non-bank entities like Western Union and MoneyGram helps in the cross-border payments. Introducing the digital platforms for making usage easy, reducing the transaction fees, service network expansion and using mobile and online services for faster and convenient transfers.
  • Card Payment: Cross-border payments done by credit card, debit card or prepaid card supported on international card networks such as Mastercard and Visa. Improved security with EMV and tokenization, increasing use of contactless payments and wider cooperation with fintech companies for offering seamless cross-border transactions and better exchange rate.
  • Others: The others segment comprises non-traditional payment methods such as cryptocurrencies, digital wallets, and new age fintech methods. Delegating more transactions to cryptocurrencies as they are quicker, cross-recipient payment by a growing number of users of PayPal and Alipay, and new age services which have an edge in speed and cheapness.

Report Scope

Feature of the Report Details
Market Size in 2024 USD 67.97 Trillion
Projected Market Size in 2033 USD 121.84 Trillion
Market Size in 2023 USD 63.70 Trillion
CAGR Growth Rate 7.2% CAGR
Base Year 2023
Forecast Period 2024-2033
Key Segment By Activity, End-user, Channel 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.

B2B Cross-border Payments Market: Regional Analysis

The B2B cross-border payments market is segmented into various regions, including North America, Europe, Asia-Pacific, and LAMEA. Here is a brief overview of each region:

  • North America: The B2B cross-border payments market in North America is characterized by good financial infrastructure and high adoption of fintech products. Increased adoption of blockchain technology among financial institutions for enhanced security protocols, real-time international payment systems, and various cyber security regulations. Create cross border opportunities in the market and enhance the value proposition offered to customers through a partnership.
  • Europe: Europe’s market has many prevailing systems of regulation as well as developed financial systems. The trends propelling the growth includes SEPA facilitating streamlined euro transactions, open banking driven by PSD2, and rising adoption of blockchain technologies. More and more banks work together with fintech companies and provide fast, cheap multi-currency transactions.
  • Asia-Pacific: Asia Pacific’s market is broad based spurred by expanding economy and growing digital innovation. The trends are the growing market for e wallets such as Alipay and WeChat Pay, blockchain technology and the regulatory convergence. The rise in cross-border payment systems can be attributed to healthy fintech ecosystems and supportive policies of the authorities.
  • LAMEA: The market of LAMEA continent is inherently confrontational owing to imposed regulatory demand as well as prevailing economic crisis. The trends are an acceleration of fintech activities penetrating the market, deployment of mobile payments, the use of blockchain to ensure credibility. There is a positive correlation between cross border payments and government policies to enhance financial access through digital platforms.

Competitive Landscape – B2B Cross-border Payments Market

The B2B cross-border payments market is highly competitive, with many global manufacturers and retailers. Some of the key players in the market include:

  • PayPal Holdings Inc.
  • Visa Inc.
  • Mastercard Incorporated
  • American Express Company
  • Citigroup Inc.
  • JPMorgan Chase & Co.
  • Bank of America Corporation
  • HSBC Holdings plc
  • Barclays plc
  • Wells Fargo & Company
  • Western Union Holdings Inc.
  • MoneyGram International Inc.
  • TransferWise Ltd (now known as Wise)
  • Ripple Labs Inc.
  • Payoneer Inc.
  • Others

These companies operate in the market through various strategies such as product innovation, mergers and acquisitions, and partnerships.

The B2B cross-border payment business is experiencing new developments due to the entry of different players into this field. Some of the players comprise fintech start-ups as well as tech giants’ companies like Square and Stripe, and they are introducing systems like blockchain technology, AI analytics as well as real time payment systems. The aim of these innovations is to make the transactions easier, swifter, safer, saving costs, and hence expecting businesses who are seeking for speedy approaches on payment solutions.

The major forces within the B2B cross-border payments space are prepaid and postpaid providers such as PayPal, Visa, MasterCard and more recently, many of the major banks, for example, the HSBC J.P. Morgan Chase. They are brimming with global networks, regulatory knowledge, and infrastructure to comprehensively provide cross-border payment products.

These leaders continue to enhance their technical competencies to integrate new technologies, form strategic partnerships and offer better customer services so as to maintain their leadership and dictate the trends in the market of efficiency and reliability.

The B2B Cross-border Payments Market is segmented as follows:

By Activity

  • Large Enterprise Size
  • Small and Medium-sized Enterprises

By End-user

  • Individuals
  • Businesses

By Channel

  • Bank Transfer
  • Money Transfer Operator
  • Card Payment
  • Others

Regional Coverage:

North America

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

Europe

  • 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

Table of Contents

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market Research Methodology
  • Chapter 2. Executive Summary
    • 2.1 Global B2B Cross-border Payments Market (2024 – 2033) (USD Trillion)
    • 2.2 Global B2B Cross-border Payments Market: snapshot
  • Chapter 3. Global B2B Cross-border Payments Market – Industry Analysis
    • 3.1 B2B Cross-border Payments Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 Globalization and International Trade Expansion
      • 3.2.2 Technological Advancements and Innovations
      • 3.2.3 Fintech-Bank Collaborations
      • 3.2.4 Regulatory Changes and Compliance
      • 3.2.5 Cost Efficiency and Competitive Exchange Rates
      • 3.2.6 Increasing Demand for Real-time Payments.
    • 3.3 Market Restraints
    • 3.4 Market Opportunities
    • 3.5 Market Challenges
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market Attractiveness Analysis By Activity
      • 3.7.2 Market Attractiveness Analysis By End-user
      • 3.7.3 Market Attractiveness Analysis By Channel
  • Chapter 4. Global B2B Cross-border Payments Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global B2B Cross-border Payments Market: company market share, 2023
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, collaboration, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Global B2B Cross-border Payments Market: Activity Analysis
    • 5.1 Global B2B Cross-border Payments Market Overview: By Activity
      • 5.1.1 Global B2B Cross-border Payments Market Share, By Activity, 2023 and 2033
    • 5.2 Large Enterprise Size
      • 5.2.1 Global B2B Cross-border Payments Market by Large Enterprise Size, 2024 – 2033 (USD Trillion)
    • 5.3 Small and Medium-sized Enterprises
      • 5.3.1 Global B2B Cross-border Payments Market by Small and Medium-sized Enterprises, 2024 – 2033 (USD Trillion)
  • Chapter 6. Global B2B Cross-border Payments Market: End-user Analysis
    • 6.1 Global B2B Cross-border Payments Market Overview: By End-user
      • 6.1.1 Global B2B Cross-border Payments Market Share, By End-user, 2023 and 2033
    • 6.2 Individuals
      • 6.2.1 Global B2B Cross-border Payments Market by Individuals, 2024 – 2033 (USD Trillion)
    • 6.3 Businesses
      • 6.3.1 Global B2B Cross-border Payments Market by Businesses, 2024 – 2033 (USD Trillion)
  • Chapter 7. Global B2B Cross-border Payments Market: Channel Analysis
    • 7.1 Global B2B Cross-border Payments Market Overview: By Channel
      • 7.1.1 Global B2B Cross-border Payments Market Share, By Channel, 2023 and 2033
    • 7.2 Bank Transfer
      • 7.2.1 Global B2B Cross-border Payments Market by Bank Transfer, 2024 – 2033 (USD Trillion)
    • 7.3 Money Transfer Operator
      • 7.3.1 Global B2B Cross-border Payments Market by Money Transfer Operator, 2024 – 2033 (USD Trillion)
    • 7.4 Card Payment
      • 7.4.1 Global B2B Cross-border Payments Market by Card Payment, 2024 – 2033 (USD Trillion)
    • 7.5 Others
      • 7.5.1 Global B2B Cross-border Payments Market by Others, 2024 – 2033 (USD Trillion)
  • Chapter 8. B2B Cross-border Payments Market: Regional Analysis
    • 8.1 Global B2B Cross-border Payments Market Regional Overview
    • 8.2 Global B2B Cross-border Payments Market Share, by Region, 2023 & 2033 (USD Trillion)
    • 8.3. North America
      • 8.3.1 North America B2B Cross-border Payments Market, 2024 – 2033 (USD Trillion)
        • 8.3.1.1 North America B2B Cross-border Payments Market, by Country, 2024 – 2033 (USD Trillion)
    • 8.4 North America B2B Cross-border Payments Market, by Activity, 2024 – 2033
      • 8.4.1 North America B2B Cross-border Payments Market, by Activity, 2024 – 2033 (USD Trillion)
    • 8.5 North America B2B Cross-border Payments Market, by End-user, 2024 – 2033
      • 8.5.1 North America B2B Cross-border Payments Market, by End-user, 2024 – 2033 (USD Trillion)
    • 8.6 North America B2B Cross-border Payments Market, by Channel, 2024 – 2033
      • 8.6.1 North America B2B Cross-border Payments Market, by Channel, 2024 – 2033 (USD Trillion)
    • 8.7. Europe
      • 8.7.1 Europe B2B Cross-border Payments Market, 2024 – 2033 (USD Trillion)
        • 8.7.1.1 Europe B2B Cross-border Payments Market, by Country, 2024 – 2033 (USD Trillion)
    • 8.8 Europe B2B Cross-border Payments Market, by Activity, 2024 – 2033
      • 8.8.1 Europe B2B Cross-border Payments Market, by Activity, 2024 – 2033 (USD Trillion)
    • 8.9 Europe B2B Cross-border Payments Market, by End-user, 2024 – 2033
      • 8.9.1 Europe B2B Cross-border Payments Market, by End-user, 2024 – 2033 (USD Trillion)
    • 8.10 Europe B2B Cross-border Payments Market, by Channel, 2024 – 2033
      • 8.10.1 Europe B2B Cross-border Payments Market, by Channel, 2024 – 2033 (USD Trillion)
    • 8.11. Asia Pacific
      • 8.11.1 Asia Pacific B2B Cross-border Payments Market, 2024 – 2033 (USD Trillion)
        • 8.11.1.1 Asia Pacific B2B Cross-border Payments Market, by Country, 2024 – 2033 (USD Trillion)
    • 8.12 Asia Pacific B2B Cross-border Payments Market, by Activity, 2024 – 2033
      • 8.12.1 Asia Pacific B2B Cross-border Payments Market, by Activity, 2024 – 2033 (USD Trillion)
    • 8.13 Asia Pacific B2B Cross-border Payments Market, by End-user, 2024 – 2033
      • 8.13.1 Asia Pacific B2B Cross-border Payments Market, by End-user, 2024 – 2033 (USD Trillion)
    • 8.14 Asia Pacific B2B Cross-border Payments Market, by Channel, 2024 – 2033
      • 8.14.1 Asia Pacific B2B Cross-border Payments Market, by Channel, 2024 – 2033 (USD Trillion)
    • 8.15. Latin America
      • 8.15.1 Latin America B2B Cross-border Payments Market, 2024 – 2033 (USD Trillion)
        • 8.15.1.1 Latin America B2B Cross-border Payments Market, by Country, 2024 – 2033 (USD Trillion)
    • 8.16 Latin America B2B Cross-border Payments Market, by Activity, 2024 – 2033
      • 8.16.1 Latin America B2B Cross-border Payments Market, by Activity, 2024 – 2033 (USD Trillion)
    • 8.17 Latin America B2B Cross-border Payments Market, by End-user, 2024 – 2033
      • 8.17.1 Latin America B2B Cross-border Payments Market, by End-user, 2024 – 2033 (USD Trillion)
    • 8.18 Latin America B2B Cross-border Payments Market, by Channel, 2024 – 2033
      • 8.18.1 Latin America B2B Cross-border Payments Market, by Channel, 2024 – 2033 (USD Trillion)
    • 8.19. The Middle-East and Africa
      • 8.19.1 The Middle-East and Africa B2B Cross-border Payments Market, 2024 – 2033 (USD Trillion)
        • 8.19.1.1 The Middle-East and Africa B2B Cross-border Payments Market, by Country, 2024 – 2033 (USD Trillion)
    • 8.20 The Middle-East and Africa B2B Cross-border Payments Market, by Activity, 2024 – 2033
      • 8.20.1 The Middle-East and Africa B2B Cross-border Payments Market, by Activity, 2024 – 2033 (USD Trillion)
    • 8.21 The Middle-East and Africa B2B Cross-border Payments Market, by End-user, 2024 – 2033
      • 8.21.1 The Middle-East and Africa B2B Cross-border Payments Market, by End-user, 2024 – 2033 (USD Trillion)
    • 8.22 The Middle-East and Africa B2B Cross-border Payments Market, by Channel, 2024 – 2033
      • 8.22.1 The Middle-East and Africa B2B Cross-border Payments Market, by Channel, 2024 – 2033 (USD Trillion)
  • Chapter 9. Company Profiles
    • 9.1 PayPal Holdings Inc.
      • 9.1.1 Overview
      • 9.1.2 Financials
      • 9.1.3 Product Portfolio
      • 9.1.4 Business Strategy
      • 9.1.5 Recent Developments
    • 9.2 Visa Inc.
      • 9.2.1 Overview
      • 9.2.2 Financials
      • 9.2.3 Product Portfolio
      • 9.2.4 Business Strategy
      • 9.2.5 Recent Developments
    • 9.3 Mastercard Incorporated
      • 9.3.1 Overview
      • 9.3.2 Financials
      • 9.3.3 Product Portfolio
      • 9.3.4 Business Strategy
      • 9.3.5 Recent Developments
    • 9.4 American Express Company
      • 9.4.1 Overview
      • 9.4.2 Financials
      • 9.4.3 Product Portfolio
      • 9.4.4 Business Strategy
      • 9.4.5 Recent Developments
    • 9.5 Citigroup Inc.
      • 9.5.1 Overview
      • 9.5.2 Financials
      • 9.5.3 Product Portfolio
      • 9.5.4 Business Strategy
      • 9.5.5 Recent Developments
    • 9.6 JPMorgan Chase & Co.
      • 9.6.1 Overview
      • 9.6.2 Financials
      • 9.6.3 Product Portfolio
      • 9.6.4 Business Strategy
      • 9.6.5 Recent Developments
    • 9.7 Bank of America Corporation
      • 9.7.1 Overview
      • 9.7.2 Financials
      • 9.7.3 Product Portfolio
      • 9.7.4 Business Strategy
      • 9.7.5 Recent Developments
    • 9.8 HSBC Holdings plc
      • 9.8.1 Overview
      • 9.8.2 Financials
      • 9.8.3 Product Portfolio
      • 9.8.4 Business Strategy
      • 9.8.5 Recent Developments
    • 9.9 Barclays plc
      • 9.9.1 Overview
      • 9.9.2 Financials
      • 9.9.3 Product Portfolio
      • 9.9.4 Business Strategy
      • 9.9.5 Recent Developments
    • 9.10 Wells Fargo & Company
      • 9.10.1 Overview
      • 9.10.2 Financials
      • 9.10.3 Product Portfolio
      • 9.10.4 Business Strategy
      • 9.10.5 Recent Developments
    • 9.11 Western Union Holdings Inc.
      • 9.11.1 Overview
      • 9.11.2 Financials
      • 9.11.3 Product Portfolio
      • 9.11.4 Business Strategy
      • 9.11.5 Recent Developments
    • 9.12 MoneyGram International Inc.
      • 9.12.1 Overview
      • 9.12.2 Financials
      • 9.12.3 Product Portfolio
      • 9.12.4 Business Strategy
      • 9.12.5 Recent Developments
    • 9.13 TransferWise Ltd (now known as Wise)
      • 9.13.1 Overview
      • 9.13.2 Financials
      • 9.13.3 Product Portfolio
      • 9.13.4 Business Strategy
      • 9.13.5 Recent Developments
    • 9.14 Ripple Labs Inc.
      • 9.14.1 Overview
      • 9.14.2 Financials
      • 9.14.3 Product Portfolio
      • 9.14.4 Business Strategy
      • 9.14.5 Recent Developments
    • 9.15 Payoneer Inc.
      • 9.15.1 Overview
      • 9.15.2 Financials
      • 9.15.3 Product Portfolio
      • 9.15.4 Business Strategy
      • 9.15.5 Recent Developments
    • 9.16 Others.
      • 9.16.1 Overview
      • 9.16.2 Financials
      • 9.16.3 Product Portfolio
      • 9.16.4 Business Strategy
      • 9.16.5 Recent Developments
List Of Figures

Figures No 1 to 24

List Of Tables

Tables No 1 to 77

Report Methodology

In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:

Preliminary Data Mining

On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.

Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.

Statistical Model

Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.

Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.

Some of the variables taken into account for forecasting are as follows:

• Industry drivers and constraints, as well as their current and projected impact

• The raw material case, as well as supply-versus-price trends

• Current volume and projected volume growth through 2033

We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.

Primary Validation

This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.

Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.

All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:

• Market leaders

• Suppliers of raw materials

• Suppliers of raw materials

• Buyers.

The following are the primary research objectives:

• To ensure the accuracy and acceptability of our data.

• Gaining an understanding of the current market and future projections.

Data Collection Matrix

Perspective Primary research Secondary research
Supply-side
  • Manufacturers
  • Technology distributors and wholesalers
  • Company reports and publications
  • Government publications
  • Independent investigations
  • Economic and demographic data
Demand-side
  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customers


Market Analysis Matrix

Qualitative analysis Quantitative analysis
  • Industry landscape and trends
  • Market dynamics and key issues
  • Technology landscape
  • Market opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2033
  • Market revenue estimates and forecasts up to 2033, by technology
  • Market revenue estimates and forecasts up to 2033, by application
  • Market revenue estimates and forecasts up to 2033, by type
  • Market revenue estimates and forecasts up to 2033, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

Prominent Player

  • PayPal Holdings Inc.
  • Visa Inc.
  • Mastercard Incorporated
  • American Express Company
  • Citigroup Inc.
  • JPMorgan Chase & Co.
  • Bank of America Corporation
  • HSBC Holdings plc
  • Barclays plc
  • Wells Fargo & Company
  • Western Union Holdings Inc.
  • MoneyGram International Inc.
  • TransferWise Ltd (now known as Wise)
  • Ripple Labs Inc.
  • Payoneer Inc.
  • Others

FAQs

The key factors driving the Market are Globalization and International Trade Expansion, Technological Advancements and Innovations, Fintech-Bank Collaborations, Regulatory Changes and Compliance, Cost Efficiency and Competitive Exchange Rates, Increasing Demand for Real-time Payments.

The “Large Enterprise Size” category dominated the market in 2023.

The key players in the market are PayPal Holdings Inc., Visa Inc., Mastercard Incorporated, American Express Company, Citigroup Inc., JPMorgan Chase & Co., Bank of America Corporation, HSBC Holdings plc, Barclays plc, Wells Fargo & Company, Western Union Holdings Inc., MoneyGram International Inc., TransferWise Ltd (now known as Wise), Ripple Labs Inc., Payoneer Inc., Others.

“Europe” had the largest share in the B2B Cross-border Payments Market.

The global market is projected to grow at a CAGR of 7.2% during the forecast period, 2024-2033.

The B2B Cross-border Payments Market size was valued at USD 67.97 Trillion in 2024.

PURCHASE OPTIONS

$

3990


$

4990


$

5990


$

2290


$

2390

What You Get :

  • PDF Report Format.
  • Can be accessible by 1 single user.
  • Free 25% or 40 hours of customisation.
  • Free post-sale service assistance.
  • 15% discount on your next purchase.
  • Dedicated account Associate .
  • Permission to print the report.
  • Service guarantee available.
  • PDF and Excel Datasheet Formats.
  • Can be accessible upto 2 to 5 users.
  • Free 35% or 60 hours of customisation.
  • Free post-sale service assistance.
  • 25% discount on your next purchase.
  • Service guarantee available.
  • Personalised market brief by author.
  • Permission to print the report.
  • Report in your Language.
  • PDF, Excel and Power Point.
  • Can be accessible by unlimited users.
  • Free 40% or 80 hours of customisation.
  • Free post-sale service assistance.
  • 30% discount on your next purchase.
  • Permission to print the report.
  • Dedicated account manager.
  • Service guarantee available.
  • Report in your Language.
  • Excel Datasheet Format.
  • Customized access as per user request.
  • Upgradable to other licenses.
  • 15% discount on your next purchase.
  • Free 20% or 10 hours of customisation.
  • In-Depth Company Profiles.
  • SWOT Analysis.
  • Identify your Competitors.
  • Recent Development Analysis.
  • Competitor Pricing Strategies.
  • Competitor Marketing Strategies.
  • Competitor Positioning and Messaging.
  • Competitor Product’s Strengths.
  • Free 20% or 10 Hours of Customisation.
  • 15% Discount on your Next Purchase.
  • Upgradable to other licenses.
  • PDF Format.
  • Permission to Print the Report.

Want to customize this report?
100% FREE CUSTOMIZATION!