B2B Payments Market Size, Trends and Insights By Payment Type (Domestic Payments, Cross-Border Payments), By Enterprise Size (Large Enterprises, Small and Medium Sized Enterprises), By Payment Mode (Traditional, Digital), By Industry Vertical (BFSI, Manufacturing, Metals & Mining, IT & Telecom, Energy & Utilities, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032


Report Code: CMI24030

Published Date: June 2023

Pages: 220+

Category: Technology

Report Snapshot

CAGR: 9%
1125.5B
2022
1189.8B
2023
1689.4B
2032

Source: CMI

Study Period: 2023-2032
Fastest Growing Market: Asia-Pacific
Largest Market: Europe

Major Players

  • American Express
  • Bank of America Corporation
  • Capital One
  • Mastercard
  • Citigroup Inc.
  • TransferWise Ltd.
  • Others

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Reports Description

As per the current market research conducted by CMI Team, the global B2B Payments market is expected to record a CAGR of 9% from 2023 to 2032. In 2022, the market size is projected to reach a valuation of USD 1,125.5 billion. By 2032, the valuation is anticipated to reach USD 1,689.4 billion.

B2B payments, also known as business-to-business payments, pertain to financial transactions conducted between two or more businesses. Unlike B2C payments, which involve transactions between businesses and individual consumers, B2B payments specifically involve the exchange of funds, goods, or services among companies.

These payments are facilitated through secure gateways and provide businesses with a variety of payment options, enabling faster transactions, improved cash flow, and accelerated growth. The global B2B payments market is primarily propelled by the expansion of small and medium-sized enterprises (SMEs) worldwide.

Businesses are increasingly seeking faster payment settlements, real-time visibility into payment status, and flexible payment options to meet the growing expectations of suppliers and consumers. Additionally, the growing adoption of automated clearing house (ACH) systems in B2B payments, known for their speed and efficiency, serves as another significant factor driving market growth.

Moreover, large enterprises are embracing B2B payments to enhance their market value and boost online sales of goods and services. Furthermore, the market is experiencing growth due to the increasing automation in B2B payment systems, facilitating networking and connectivity with various suppliers, wholesalers, and retailers.

B2B Payments Market – Significant Growth Factors

The B2B payments market is experiencing significant growth due to several key factors. Here are some of the major growth drivers:

  • Digital Transformation: The ongoing digital transformation across industries is a major growth factor for the B2B payments market. Businesses are increasingly adopting digital payment solutions to streamline their payment processes, reduce manual tasks, and improve efficiency. The shift from traditional paper-based payment methods to digital platforms and solutions is driving the market growth.
  • Automation and Efficiency: Automation is playing a crucial role in driving the growth of the B2B payments market. Businesses are adopting automated payment systems, such as electronic invoicing, automated reconciliation, and payment gateways, to streamline their payment workflows and improve operational efficiency. Automated processes reduce errors, accelerate payment cycles, and enhance overall productivity.
  • Demand for Faster Payments: Businesses today have a growing need for faster payment settlements. B2B payment solutions that offer real-time or near real-time payment capabilities are in high demand. Businesses seek solutions that enable them to make and receive payments quickly, improving cash flow, and enhancing liquidity management.
  • Enhanced Payment Security: With the rise in cyber threats and fraud attempts, businesses are placing significant emphasis on payment security. B2B payment solutions that offer robust security features, such as encryption, tokenization, and multi-factor authentication, are gaining traction. Enhanced payment security provides businesses with confidence in conducting digital transactions, driving market growth.
  • Increasing Globalization and Cross-Border Transactions: The globalization of businesses and the rise in cross-border trade have led to an increased demand for efficient B2B payment solutions. Companies are looking for payment platforms that facilitate cross-currency transactions, offer competitive foreign exchange rates, and ensure compliance with international regulations. B2B payment solutions that enable seamless cross-border transactions are driving market growth.
  • Integration with ERP and Accounting Systems: Integration of B2B payment solutions with enterprise resource planning (ERP) and accounting systems is becoming crucial for businesses. Seamless integration enables automatic payment reconciliation, streamlined financial reporting, and enhanced visibility into cash flow. Businesses are seeking B2B payment solutions that seamlessly integrate with their existing systems, reducing manual efforts and improving financial management processes.
  • Increasing Adoption of Mobile Payments: The proliferation of mobile devices and the convenience they offer have led to the growing adoption of mobile payments in B2B transactions. Businesses are embracing mobile payment solutions that allow them to make and receive payments on the go, providing flexibility and convenience. The demand for mobile-enabled B2B payment solutions is contributing to market growth.

These growth factors are driving the B2B payments market as businesses seek to optimize their payment processes, improve operational efficiency, and enhance financial management capabilities.

Global B2B Payments Market 2023–2032 (By Payment Type)

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B2B Payments Market – Mergers and Acquisitions

The B2B payments market has witnessed significant merger and acquisition activities in recent years. Here are some notable mergers and acquisitions in the B2B payments industry:

  • Fiserv and First Data: In 2019, Fiserv, a leading global provider of financial services technology, acquired First Data, a payment processing company. This merger created a powerhouse in the B2B payments market, combining Fiserv’s expertise in financial technology with First Data’s strong presence in payment processing and merchant acquisition.
  • PayPal and iZettle: In 2018, PayPal, a leading online payment company, acquired iZettle, a Swedish fintech company known for its mobile point-of-sale solutions. This acquisition expanded PayPal’s presence in the B2B payments market by providing a comprehensive suite of solutions for small and medium-sized businesses.
  • Visa and Earthport: In 2019, Visa, a global payments technology company, acquired Earthport, a cross-border payments provider. This acquisition allowed Visa to enhance its capabilities in cross-border B2B payments and expand its reach in the global market.
  • Global Payments and TSYS: In 2019, Global Payments, a leading payment technology company, merged with TSYS, a global provider of payment solutions. This merger created a powerful player in the B2B payments market, offering a wide range of payment processing and technology solutions for businesses of all sizes.
  • FLEETCOR and Cambridge Global Payments: In 2017, FLEETCOR Technologies, a leading provider of commercial payment solutions, acquired Cambridge Global Payments, a provider of B2B international payment services. This acquisition strengthened FLEETCOR’s position in the B2B payments market by expanding its international payment capabilities.

These mergers and acquisitions have been driven by the need for companies to enhance their capabilities, expand their market reach, and offer comprehensive solutions to businesses in the B2B payments space. The consolidation of key players through these transactions has led to increased competition and innovation in the market, benefiting businesses seeking efficient and secure B2B payment solutions.

COMPARATIVE ANALYSIS OF THE RELATED MARKET

B2B Payments Market Mobile Payments Market Wearable Payment Devices Market
CAGR 9 % (Approx) CAGR 37.1%

(Approx)

CAGR 30%

(Approx)

USD 1,689.4 Billion by 2032 USD 587.52 Billion by 2030 USD 165 Billion by 2030

B2B Payments Market – Significant Threats

While the B2B payments market presents significant opportunities for growth, there are also several threats that can impact its development. Here are some significant threats in the B2B payments market:

  • Security Risks: One of the primary threats in the B2B payments market is the risk of security breaches and fraud. As digital transactions increase, cybercriminals continuously develop sophisticated methods to target payment systems and sensitive financial data. The potential loss of funds and reputational damage from security breaches poses a significant threat to businesses and the overall market.
  • Regulatory Compliance: Compliance with evolving regulatory frameworks is another challenge for the B2B payments market. Payment service providers and businesses must navigate complex and changing regulations related to data protection, anti-money laundering (AML), know your customer (KYC), and cross-border transactions. Failure to comply with these regulations can lead to penalties and legal consequences.
  • Market Consolidation: The B2B payments market is witnessing consolidation, with larger players acquiring smaller competitors. This consolidation can lead to reduced competition, limiting options for businesses and potentially increasing costs. Smaller players may struggle to compete against well-established providers, creating barriers to entry for new entrants.
  • Technological Disruptions: Rapid advancements in technology can pose both opportunities and threats to the B2B payments market. While emerging technologies like blockchain, artificial intelligence (AI), and mobile payments offer innovative solutions, they also present challenges in terms of integration, scalability, and adoption. Businesses must adapt to technological disruptions to stay competitive.
  • Payment Infrastructure Limitations: Outdated or inadequate payment infrastructure can hinder the growth of the B2B payments market. In some regions, the lack of robust payment systems, such as real-time payment networks or interoperable platforms, can limit the efficiency and speed of B2B transactions. Insufficient infrastructure may require significant investment and collaboration among stakeholders to overcome.
  • Resistance to Change: The adoption of new payment methods and technologies can face resistance from businesses accustomed to traditional payment processes. Reluctance to change, lack of awareness, or concerns about disruption to existing operations may slow down the adoption of innovative B2B payment solutions.
  • Economic and Geopolitical Factors: Economic downturns, geopolitical instability, and regulatory changes in different regions can impact the B2B payments market. Uncertain economic conditions can result in reduced business activity and delayed payments, affecting the overall volume and growth of B2B transactions.

Understanding and mitigating these threats is crucial for businesses and stakeholders in the B2B payments market to ensure secure, efficient, and sustainable payment processes.

Continual investment in security measures, compliance efforts, technological innovation, and collaboration can help address these threats and foster a resilient B2B payments ecosystem.

Report Scope

Feature of the Report Details
Market Size in 2023 USD 1189.8 Billion
Projected Market Size in 2032 USD 1,689.4 Billion
Market Size in 2022 USD 1,125.5 Billion
CAGR Growth Rate 9% CAGR
Base Year 2022
Forecast Period 2023-2032
Key Segment By Payment Type, Enterprise Size, Payment Mode, Industry Vertical 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.

Category-Wise Insights

By Payment Type:

In terms of revenue, Domestic Payments emerged as the dominant segment in the B2B payments market in 2023, accounting for approximately 65.2% of the total market share. The significant growth of this segment can be attributed to the increasing number of small and medium-sized enterprises (SMEs) in countries like India and China, which have a high demand for payment solutions.

These businesses are increasingly adopting payment solutions such as Fundbox Pay, PayPal, Square, QuickBooks, and Plastic to facilitate their payment processes and operations. On the other hand, the cross-border payments segment is projected to experience substantial revenue growth in the coming years.

This segment involves transactions where the payer and the recipient of the transaction are located in different countries. The increasing import and export of goods and services are driving the growth of this segment as businesses seek efficient cross-border payment solutions to facilitate international trade.

By Enterprise Size:

In 2023, large enterprises held the majority market share, accounting for approximately 56.2% of the total revenue in the B2B payments market. The growth of this segment can be primarily attributed to the increasing volume of B2B payment transactions among large manufacturers and wholesalers.

For example, Samsung Electronics serves as one of the major suppliers to Apple Inc. for the production of iPhones. Moreover, Apple Inc. maintains B2B relationships with firms such as Panasonic, Intel, and semiconductor producer Micron Technology.

However, it is expected that the small and medium-sized enterprises (SMEs) segment will witness the highest growth rate during the forecast period.

By Payment Mode:

In 2023, the traditional payment segment held the largest market share, accounting for approximately 68.9% of the total revenue in the B2B payments market. This dominance can be attributed to the prevailing preference of large companies for traditional payment methods such as bank wire transfers.

For example, recent studies indicate that credit cards were the primary choice for B2B enterprises in 2020 when it came to B2B e-commerce, followed by mobile wallets. However, it is expected that the digital payment mode segment will experience the highest growth rate during the forecast period.

This growth is primarily driven by the ability of digital payments to save time, money, and effort, allowing businesses to focus on growth and scalability.

Global B2B Payments Market 2023–2032 (By Billion)

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B2B Payments Market – Regional Analysis

The B2B payments market can be analyzed based on regional segments to understand the market dynamics and opportunities in different geographical areas. Here is a regional analysis of the B2B payments market:

  • North America: North America holds a significant share of the B2B payments market. The region is characterized by a developed financial infrastructure and a high adoption rate of advanced payment technologies. The presence of major players and technological advancements in countries like the United States and Canada contribute to the growth of the B2B payments market in this region.
  • Europe: Europe is another prominent market for B2B payments, driven by the presence of well-established financial systems and a large number of enterprises. The European Union’s initiatives for standardizing payment systems, such as the Single Euro Payments Area (SEPA), have facilitated cross-border B2B transactions. Countries like the United Kingdom, Germany, France, and the Netherlands are key contributors to the B2B payments market in Europe.
  • Asia Pacific: The Asia Pacific region is witnessing rapid growth in the B2B payments market. Countries like China, India, Japan, and South Korea are experiencing a surge in digitalization and e-commerce activities, leading to increased B2B transactions. The growing number of SMEs and the adoption of mobile payment solutions are driving the market in this region.
  • Latin America: Latin America is an emerging market for B2B payments, fueled by increasing digitization and the adoption of financial technologies. Countries like Brazil, Mexico, and Argentina are witnessing a growing number of businesses embracing electronic payment solutions for their B2B transactions. Government initiatives to promote digital payments and financial inclusion also contribute to market growth in this region.
  • Middle East and Africa: The Middle East and Africa region are experiencing advancements in the B2B payments market. The region is witnessing a transition from cash-based transactions to digital payments, driven by government initiatives and investments in financial technologies. Countries like the United Arab Emirates, Saudi Arabia, and South Africa are leading the way in adopting B2B payment solutions.

Global B2B Payments Market 2023–2032 (By Payment Mode)

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List of the prominent players in the B2B Payments Market:

  • American Express
  • Bank of America Corporation
  • Capital One
  • Mastercard
  • Citigroup Inc.
  • TransferWise Ltd.
  • Payoneer Inc.
  • PayPal Holdings Inc.
  • Square Inc.
  • Visa Inc.
  • Others

The B2B Payments Market is segmented as follows:

By Payment Type

  • Domestic Payments
  • Cross-Border Payments

By Enterprise Size

  • Large Enterprises
  • Small and Medium Sized Enterprises

By Payment Mode

  • Traditional
  • Digital

By Industry Vertical

  • BFSI
  • Manufacturing
  • Metals & Mining
  • IT & Telecom
  • Energy & Utilities
  • Others

By Region

North America

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

Europe

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

Asia Pacific

  • China
  • Japan
  • India
  • New Zealand
  • Australia
  • South Korea
  • 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 Payments Market, (2023 – 2032) (USD Billion)
    • 2.2 Global B2B Payments Market : snapshot
  • Chapter 3. Global B2B Payments Market – Industry Analysis
    • 3.1 B2B Payments Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 Digital Transformation
      • 3.2.2 Automation and Efficiency
      • 3.2.3 Demand for Faster Payments
      • 3.2.4 Enhanced Payment Security
      • 3.2.5 Increasing Globalization and Cross-Border Transactions
      • 3.2.6 Integration with ERP and Accounting Systems
      • 3.2.7 Increasing Adoption of Mobile 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 Payment Type
      • 3.7.2 Market attractiveness analysis By Enterprise Size
      • 3.7.3 Market attractiveness analysis By Payment Mode
      • 3.7.4 Market attractiveness analysis By Industry Vertical
  • Chapter 4. Global B2B Payments Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global B2B Payments Market: company market share, 2022
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Global B2B Payments Market – Payment Type Analysis
    • 5.1 Global B2B Payments Market overview: By Payment Type
      • 5.1.1 Global B2B Payments Market share, By Payment Type, 2022 and 2032
    • 5.2 Domestic Payments
      • 5.2.1 Global B2B Payments Market by Domestic Payments, 2023 – 2032 (USD Billion)
    • 5.3 Cross-Border Payments
      • 5.3.1 Global B2B Payments Market by Cross-Border Payments, 2023 – 2032 (USD Billion)
  • Chapter 6. Global B2B Payments Market – Enterprise Size Analysis
    • 6.1 Global B2B Payments Market overview: By Enterprise Size
      • 6.1.1 Global B2B Payments Market share, By Enterprise Size, 2022 and 2032
    • 6.2 Large Enterprises
      • 6.2.1 Global B2B Payments Market by Large Enterprises, 2023 – 2032 (USD Billion)
    • 6.3 Small and Medium Sized Enterprises
      • 6.3.1 Global B2B Payments Market by Small and Medium Sized Enterprises, 2023 – 2032 (USD Billion)
  • Chapter 7. Global B2B Payments Market – Payment Mode Analysis
    • 7.1 Global B2B Payments Market overview: By Payment Mode
      • 7.1.1 Global B2B Payments Market share, By Payment Mode, 2022 and 2032
    • 7.2 Traditional
      • 7.2.1 Global B2B Payments Market by Traditional, 2023 – 2032 (USD Billion)
    • 7.3 Digital
      • 7.3.1 Global B2B Payments Market by Digital, 2023 – 2032 (USD Billion)
  • Chapter 8. Global B2B Payments Market – Industry Vertical Analysis
    • 8.1 Global B2B Payments Market overview: By Industry Vertical
      • 8.1.1 Global B2B Payments Market share, By Industry Vertical, 2022 and 2032
    • 8.2 BFSI
      • 8.2.1 Global B2B Payments Market by BFSI, 2023 – 2032 (USD Billion)
    • 8.3 Manufacturing
      • 8.3.1 Global B2B Payments Market by Manufacturing, 2023 – 2032 (USD Billion)
    • 8.4 Metals & Mining
      • 8.4.1 Global B2B Payments Market by Metals & Mining, 2023 – 2032 (USD Billion)
    • 8.5 IT & Telecom
      • 8.5.1 Global B2B Payments Market by IT & Telecom, 2023 – 2032 (USD Billion)
    • 8.6 Energy & Utilities
      • 8.6.1 Global B2B Payments Market by Energy & Utilities, 2023 – 2032 (USD Billion)
    • 8.7 Others
      • 8.7.1 Global B2B Payments Market by Others, 2023 – 2032 (USD Billion)
  • Chapter 9. B2B Payments Industry – Regional Analysis
    • 9.1 Global B2B Payments Industry Regional Overview
    • 9.2 Global B2B Payments Industry Share, by Region, 2022 & 2032 (USD Billion)
    • 9.3. North America
      • 9.3.1 North America B2B Payments Industry, 2023 – 2032 (USD Billion)
        • 9.3.1.1 North America B2B Payments Industry, by Country, 2023 – 2032 (USD Billion)
    • 9.4 North America B2B Payments Industry, by Payment Type, 2023 – 2032
      • 9.4.1 North America B2B Payments Industry, by Payment Type, 2023 – 2032 (USD Billion)
    • 9.5 North America B2B Payments Industry, by Enterprise Size, 2023 – 2032
      • 9.5.1 North America B2B Payments Industry, by Enterprise Size, 2023 – 2032 (USD Billion)
    • 9.6 North America B2B Payments Industry, by Payment Mode, 2023 – 2032
      • 9.6.1 North America B2B Payments Industry, by Payment Mode, 2023 – 2032 (USD Billion)
    • 9.7 North America B2B Payments Industry, by Industry Vertical, 2023 – 2032
      • 9.7.1 North America B2B Payments Industry, by Industry Vertical, 2023 – 2032 (USD Billion)
    • 9.8. Europe
      • 9.8.1 Europe B2B Payments Industry, 2023 – 2032 (USD Billion)
        • 9.8.1.1 Europe B2B Payments Industry, by Country, 2023 – 2032 (USD Billion)
    • 9.9 Europe B2B Payments Industry, by Payment Type, 2023 – 2032
      • 9.9.1 Europe B2B Payments Industry, by Payment Type, 2023 – 2032 (USD Billion)
    • 9.10 Europe B2B Payments Industry, by Enterprise Size, 2023 – 2032
      • 9.10.1 Europe B2B Payments Industry, by Enterprise Size, 2023 – 2032 (USD Billion)
    • 9.11 Europe B2B Payments Industry, by Payment Mode, 2023 – 2032
      • 9.11.1 Europe B2B Payments Industry, by Payment Mode, 2023 – 2032 (USD Billion)
    • 9.12 Europe B2B Payments Industry, by Industry Vertical, 2023 – 2032
      • 9.12.1 Europe B2B Payments Industry, by Industry Vertical, 2023 – 2032 (USD Billion)
    • 9.13. Asia Pacific
      • 9.13.1 Asia Pacific B2B Payments Industry, 2023 – 2032 (USD Billion)
        • 9.13.1.1 Asia Pacific B2B Payments Industry, by Country, 2023 – 2032 (USD Billion)
    • 9.14 Asia Pacific B2B Payments Industry, by Payment Type, 2023 – 2032
      • 9.14.1 Asia Pacific B2B Payments Industry, by Payment Type, 2023 – 2032 (USD Billion)
    • 9.15 Asia Pacific B2B Payments Industry, by Enterprise Size, 2023 – 2032
      • 9.15.1 Asia Pacific B2B Payments Industry, by Enterprise Size, 2023 – 2032 (USD Billion)
    • 9.16 Asia Pacific B2B Payments Industry, by Payment Mode, 2023 – 2032
      • 9.16.1 Asia Pacific B2B Payments Industry, by Payment Mode, 2023 – 2032 (USD Billion)
    • 9.17 Asia Pacific B2B Payments Industry, by Industry Vertical, 2023 – 2032
      • 9.17.1 Asia Pacific B2B Payments Industry, by Industry Vertical, 2023 – 2032 (USD Billion)
    • 9.18. Latin America
      • 9.18.1 Latin America B2B Payments Industry, 2023 – 2032 (USD Billion)
        • 9.18.1.1 Latin America B2B Payments Industry, by Country, 2023 – 2032 (USD Billion)
    • 9.19 Latin America B2B Payments Industry, by Payment Type, 2023 – 2032
      • 9.19.1 Latin America B2B Payments Industry, by Payment Type, 2023 – 2032 (USD Billion)
    • 9.20 Latin America B2B Payments Industry, by Enterprise Size, 2023 – 2032
      • 9.20.1 Latin America B2B Payments Industry, by Enterprise Size, 2023 – 2032 (USD Billion)
    • 9.21 Latin America B2B Payments Industry, by Payment Mode, 2023 – 2032
      • 9.21.1 Latin America B2B Payments Industry, by Payment Mode, 2023 – 2032 (USD Billion)
    • 9.22 Latin America B2B Payments Industry, by Industry Vertical, 2023 – 2032
      • 9.22.1 Latin America B2B Payments Industry, by Industry Vertical, 2023 – 2032 (USD Billion)
    • 9.23. The Middle-East and Africa
      • 9.23.1 The Middle-East and Africa B2B Payments Industry, 2023 – 2032 (USD Billion)
        • 9.23.1.1 The Middle-East and Africa B2B Payments Industry, by Country, 2023 – 2032 (USD Billion)
    • 9.24 The Middle-East and Africa B2B Payments Industry, by Payment Type, 2023 – 2032
      • 9.24.1 The Middle-East and Africa B2B Payments Industry, by Payment Type, 2023 – 2032 (USD Billion)
    • 9.25 The Middle-East and Africa B2B Payments Industry, by Enterprise Size, 2023 – 2032
      • 9.25.1 The Middle-East and Africa B2B Payments Industry, by Enterprise Size, 2023 – 2032 (USD Billion)
    • 9.26 The Middle-East and Africa B2B Payments Industry, by Payment Mode, 2023 – 2032
      • 9.26.1 The Middle-East and Africa B2B Payments Industry, by Payment Mode, 2023 – 2032 (USD Billion)
    • 9.27 The Middle-East and Africa B2B Payments Industry, by Industry Vertical, 2023 – 2032
      • 9.27.1 The Middle-East and Africa B2B Payments Industry, by Industry Vertical, 2023 – 2032 (USD Billion)
  • Chapter 10. Company Profiles
    • 10.1 American Express
      • 10.1.1 Overview
      • 10.1.2 Financials
      • 10.1.3 Product Portfolio
      • 10.1.4 Business Strategy
      • 10.1.5 Recent Developments
    • 10.2 Bank of America Corporation
      • 10.2.1 Overview
      • 10.2.2 Financials
      • 10.2.3 Product Portfolio
      • 10.2.4 Business Strategy
      • 10.2.5 Recent Developments
    • 10.3 Capital One
      • 10.3.1 Overview
      • 10.3.2 Financials
      • 10.3.3 Product Portfolio
      • 10.3.4 Business Strategy
      • 10.3.5 Recent Developments
    • 10.4 Mastercard
      • 10.4.1 Overview
      • 10.4.2 Financials
      • 10.4.3 Product Portfolio
      • 10.4.4 Business Strategy
      • 10.4.5 Recent Developments
    • 10.5 Citigroup Inc.
      • 10.5.1 Overview
      • 10.5.2 Financials
      • 10.5.3 Product Portfolio
      • 10.5.4 Business Strategy
      • 10.5.5 Recent Developments
    • 10.6 TransferWise Ltd.
      • 10.6.1 Overview
      • 10.6.2 Financials
      • 10.6.3 Product Portfolio
      • 10.6.4 Business Strategy
      • 10.6.5 Recent Developments
    • 10.7 Payoneer Inc.
      • 10.7.1 Overview
      • 10.7.2 Financials
      • 10.7.3 Product Portfolio
      • 10.7.4 Business Strategy
      • 10.7.5 Recent Developments
    • 10.8 PayPal Holdings Inc.
      • 10.8.1 Overview
      • 10.8.2 Financials
      • 10.8.3 Product Portfolio
      • 10.8.4 Business Strategy
      • 10.8.5 Recent Developments
    • 10.9 Square Inc.
      • 10.9.1 Overview
      • 10.9.2 Financials
      • 10.9.3 Product Portfolio
      • 10.9.4 Business Strategy
      • 10.9.5 Recent Developments
    • 10.10 Visa Inc.
      • 10.10.1 Overview
      • 10.10.2 Financials
      • 10.10.3 Product Portfolio
      • 10.10.4 Business Strategy
      • 10.10.5 Recent Developments
    • 10.11 Others.
      • 10.11.1 Overview
      • 10.11.2 Financials
      • 10.11.3 Product Portfolio
      • 10.11.4 Business Strategy
      • 10.11.5 Recent Developments
List Of Figures

Figures No 1 to 30

List Of Tables

Tables No 1 to 102

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 2030

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 2030
  • Market revenue estimates and forecasts up to 2030, by technology
  • Market revenue estimates and forecasts up to 2030, by application
  • Market revenue estimates and forecasts up to 2030, by type
  • Market revenue estimates and forecasts up to 2030, 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

  • American Express
  • Bank of America Corporation
  • Capital One
  • Mastercard
  • Citigroup Inc.
  • TransferWise Ltd.
  • Payoneer Inc.
  • PayPal Holdings Inc.
  • Square Inc.
  • Visa Inc.
  • Others

FAQs

“North America” region will lead the Global B2B Payments Market during the forecast period 2023 to 2032.

The key factors driving the Market are Digital Transformation, Automation and Efficiency, Demand for Faster Payments, Enhanced Payment Security, Increasing Globalization and Cross-Border Transactions, Integration with ERP and Accounting Systems and Increasing Adoption of Mobile Payments.

The key players operating in the B2B Payments Market are American Express, Bank of America Corporation, Capital One, Mastercard, Citigroup Inc., TransferWise Ltd., Payoneer Inc., PayPal Holdings Inc., Square Inc., Visa Inc., Others.

The Global B2B Payments Market is expanding growth with a CAGR of approximately 9% during the forecast period (2023 to 2032).

The Global B2B Payments Market size was valued at USD 1,125.5 Billion in 2022 and it is projected to reach around USD 1,689.4 Billion by 2032.

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