Global B2B Payments Market Size to Reach USD 1,618.15 Billion by 2028 | Opportunities, Obstacles, Competitive Landscape for B2B Payments Industry by Vantage Market Research

WASHINGTON, Sept. 29, 2022 (GLOBE NEWSWIRE) -- A Comparative research study carry out by Vantage Market Research is database of 350 pages, titled as “B2B Payments Market” with graphs & figures spread through pages, 125+ market data Tables, Pie Charts, and simple to understand comprehensive analysis. B2B Payments Market research report is delivered with commitment depending upon the reader needs. With the defined historic year and the base year, assessments and calculations are performed in this market report. Market size and share analysis and key trend analysis are the prime accomplishing factors in this market research report. Such report helps to recognize how the market is going to perform over the forecast period by giving information about market definition, applications, segmentation and engagements. VMR team provides B2B Payments industry document with loyalty and devotion that is promising and the way in which expected.     

Vantage Market Research analyses that the B2B Payments Market revenue was valued at USD 903.50 Billion in 2021, would soar up to USD 1,618.15 Billion by 2028, is expected to grow to exhibit a Compound Annual Growth Rate (CAGR) of 10.20% during the forecast period 2022 to 2028.

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List of Prominent Players in the B2B Payments Market:

  • American Express
  • Bank of America Corporation
  • Capital One
  • Mastercard
  • Pioneer Inc.
  • PayPal Holdings Inc.
  • Square Inc.
  • Stripe
  • Transfer Wise Ltd.
  • Visa Inc.

Key Industry Findings & Insights from the report:    

  • The Global B2B Payments Market was valued USD 903.50 Billion in 2021 and is all set to surpass USD 1,618.15 Billion by 2028, exhibiting a CAGR of 10.20% during the forecast period 2022-2028.           
  • In terms of revenue, the application segment held the largest revenue share of in 2021 and is estimated to maintain its dominance for the forecast period.
  • In terms of revenue, the product segment held the second largest market share of in 2021 and is estimated to grow rapidly during the forecast period.
  • The growth can be attributed to rapid urbanization, technological advancement, an increase in investment by developing countries.
  • Asia Pacific captured the lion share in 2021 and is projected to retain its position over the forecast period. This can be attributed to the existence of a significant number of B2B Payments industry companies and the high adoption rate owing to government measures that stimulate this industry in this region. The growth is primarily due to the increasing collaborations.

Market Dynamics:


Rising Partnership among FinTech & B2B Payment Companies

Bank-FinTech collaborations have emerged as a viable, lucrative growth path for both sides of these partnerships. For traditional financial institutions (FIs), working with a would-be competitor means integrating technologies for customers without having to build solutions from scratch. For instance, U.K.-based building society Nationwide has provided USD 19.67 million to speed up 10 times for Future Technologies which is a start-up focused on improving the banking experience for end-customers. Nationwide's participation in the firm's Series B investment has given the building society a minority stake in the firm, and will enable the companies to collaborate on developing a digital business banking platform as Nationwide gears up to launch its business current account services later this year.

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Increase in Cross Border Trading

Cross-border payments are transactions that involve transferring money between people and businesses from one country to another. They are carried out through financial institutions and the correspondent banking network (CBN) that are directly related to sending and receiving funds. The Internet and the transfer to online businesses contributed to the rapid growth of world trade over the years. Therefore, most financial institutions and payment systems have developed cross-border payments to facilitate and speed up money transactions, thus helping the market to flourish in the forecast years. The trusted and reliable banking approach came across the challenges from rising solutions, hence major key players and models are modifying the fintech world.

COVID-19 Impact Analysis:

The COVID-19 outbreak has affected various industries worldwide. Governments across the world implemented strict lockdown measures and social distancing norms in order to restrict the swift spread of the pandemic. Manufacturing facilities around the world were shut down during the initial stages of the pandemic. Moreover, the economic crisis after the pandemic might lead to a significant delay in the commercial roll-out of the B2B payment service industry. Small and medium-scale companies are the backbone of technology providers and are witnessing a steep drop in revenue since the emergence of the pandemic in 2020. Hence, market players faced numerous challenges as disruptions in the supply chain were observed. However, things will improve in the second half of 2022 as more supplies will come online. The impact of COVID-19 on the market demand is considered while estimating the current and forecast market size and growth trends of the market for all the regions and countries based on the following data points:

  1. Impact Assessment of COVID-19 Pandemic
    1. North America
    2. Europe
    3. Asia Pacific
    4. Latin America
    5. Middle East & Africa
  2. Quarterly Market Revenue Forecast by Asia Pacific 2020 & 2021
  3. Key Strategies Undertaken by Companies to Tackle COVID-19
  4. Long Term Dynamics
  5. Short Term Dynamics

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The Report on B2B Payments Market Highlights:

  • Assessment of the market
  • Premium Insights
  • Competitive Landscape
  • COVID Impact Analysis
  • Historic Data, Estimates and Forecast
  • Company Profiles
  • Global and Regional Dynamics

Regional Analysis:

Asia Pacific Holds Maximum Market Share

Asia Pacific is expected to dominate the growth of B2B Payments Market in 2021. This is attributed to increase in adoption of virtual card accounts among the commercial line businesses in the developing nations of Asia-Pacific. In addition to this, growing adoption of advance payment system among the business and growing presence of major players of the market drives the growth of the B2B payments market in this region.

Browse market data Tables and Figures spread through 165 Pages and in-depth TOC on "B2B Payments Market Size, Share & Trends Analysis Report by Payment Type (Domestic Payments, Cross-Border Payments), by Enterprise Size (Large Enterprises, Medium-Sized Enterprises, Small-Sized Enterprises), by Payment Mode (Traditional, Digital), by Industry Vertical (Manufacturing, IT & Telecom, Metals & Mining, Energy & Utilities), by Region (North America, Europe, Asia Pacific, Latin America and Middle East & Africa) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028)".

Key Questions Answered in The Report:

  • Which region will show the fastest and highest growth in the near future?
  • Which are the top five players and their weakness and strength of the Market?
  • What will be the future innovation in the upcoming six years?
  • Which application and product will lead the largest share of the Market?
  • What are the growth drivers, restraints and challenges of the industry?
  • What will be the CAGR and size of the B2B Payments Market for the base year and forecast period?                                           

This market titled “Business to Business Payments Market” will cover exclusive information in terms of Regional Analysis, Forecast, and Quantitative Data – Units, Key Market Trends, and various others as mentioned below:

Report AttributeDetails
Market Size in 2021USD 903.50 Billion
Projected Market Size in 2028USD 1,618.15 Billion
CAGR Growth RateCAGR of 10.20% From 2022 – 2028
Base Year2021
Historic Years2016 – 2020
Forecast Years2022 – 2028
Segments Covered
  • Payment Type
    • Domestic Payments
    • Cross-Border Payments
  • Enterprise Size
    • Large Enterprises
    • Medium-Sized Enterprises
    • Small-Sized Enterprises
  • Payment Mode
    • Traditional
    • Digital
  • Industry Vertical
    • Manufacturing
    • IT & Telecom
    • Metals & Mining
    • Energy & Utilities
    • BFSI
    • Others
Quantitative Data - UnitsRevenue in USD Million/Billion and CAGR from 2022 to 2028
Regions CoveredNorth America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Countries CoveredU.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Report CoverageMarket growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.

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The report can be customized as per client needs or requirements. For any queries, you can contact us on or +1 (202) 380-9727. Our sales executives will be happy to understand your needs and provide you with the most suitable reports.

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