B2B Payment Transaction Market Introduction and Overview
According to SPER Market Research, the Global B2B Payment Transaction Market is estimated to reach USD 3653.05 billion by 2033 with a CAGR of 9.96%.
The report includes an in-depth analysis of the Global B2B Payment Transaction Market, including market size and trends, product mix, applications, and supplier analysis. Business-to-business (B2B) payment facilitates a range of operations for end users, such as payroll, accounts payable, acquisition departments, and accounts receivable, while also encouraging safer transactions for merchants needing repeated, periodic transactions. It may include a one-time or continuing transaction, depending on the specifics of the buyer-seller contract. Business-to-business (B2B) payments are more complex than business-to-consumer (B2C) payments because the approval and settlement process for B2B payments takes longer.
- January 2023; AWS will supply vital compute infrastructure to support Stripe in serving millions of businesses worldwide, and Amazon will greatly increase its use of Stripe's core payments platform as part of an enlarged global partnership that the two companies have struck.
- April 2023; A recent version of PayPal Payment Solution offered small and medium-sized enterprises real-time account updating, the ability to store payment methods using PayPal Vault, and the ability to take PayPal payments with Apple Pay.
- August 2023; Spott was purchased by Payoneer. Payoneer will be able to better understand and service clients thanks to Spott's technology, which advances our goal of making it simpler for SMBs to run and expand their businesses globally.
Market Opportunities and Challenges
The expansion of the B2B payments industry is being driven by technological advancements and the growing usage of digital payment solutions. Traditional payment methods like paper checks and manual invoicing are being replaced by digital platforms that are more efficient, convenient, and economical for businesses. Effective cross-border payment solutions are becoming more and more necessary as a result of the increase in international trade and commercial partnerships. The need for safe, quick, and transparent payment methods that can handle a variety of currencies and adhere to global rules has arisen as organisations interact with colleagues and suppliers throughout the world.
Security lapses and fraudulent activity are becoming more and more of a problem as B2B transactions grow in number and value. Cybercriminals target payment systems in an effort to access private financial information without permission, incurring significant costs for businesses. Business-to-business payment procedures become more complicated and expensive due to the requirement for strong security measures like tokenization, encryption, and fraud detection systems. Many companies have legacy payment systems and procedures that are intricately woven into their daily operations, particularly larger corporations. The adoption of contemporary B2B payment solutions is hampered by resistance to change, worries about integration challenges, and the expense of updating or replacing legacy systems.
Market Competitive Landscape
The competitive landscape is defined by the existence of well-known financial institutions, fintech companies, payment service providers, and massive technological corporations. To meet the various needs of businesses across industries, leading providers provide a wide range of payment services, such as digital invoicing, virtual cards, mobile wallets, and electronic funds transfers. The major players in this market are American Express, Bank of America Corporation, Capital One, Mastercard, Payoneer Inc., PayPal Holdings Inc., Square Inc., Stripe TransferWise Ltd., Visa Inc., and others.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Payment Type, By Payment Method, By Industry Vertical, By Enterprise Size
|
| Regions covered | North America, Asia-Pacific, Latin America, Middle East & Africa and Europe
|
| Companies Covered | American Express, Bank of America Corporation, Capital One, Mastercard, Payoneer Inc., PayPal Holdings Inc., Square Inc., Stripe TransferWise Ltd., Visa Inc., and others. |
COVID-19 Impact on Global B2B Payment Transaction Market
The COVID-19 pandemic rapidly accelerated the business-to-business (B2B) digital transformation, increasing client demand via online and digital channels. The demand for B2B payments has increased significantly, particularly as a result of the pandemic crisis's acceleration of digitization and growth in e-commerce. The COVID-19 pandemic has brought forth advances in markets like electronic invoicing, automation of accounts payable, and digital payment processing. Carrying out cashless business-to-business transactions from a distance has become simpler because of these features. ACH (automatic clearinghouse) payments have grown dramatically throughout the pandemic.
Key Target Audience:
- Large Enterprises
- Mid-Sized Businesses
- Small Businesses
- Marketplaces and Platforms
- Suppliers and Vendors
- Financial Institutions
Our in-depth analysis of the B2B Payment Transaction Market includes the following segments:
|
By Payment Type: |
Domestic Payments
Cross-Border Payments
|
|
By Payment Method: |
ACH
Wire
Cheque
Cash
Demand Draft
Credit Card
|
|
By Industry Vertical: |
Manufacturing
IT and Telecom
Metals and Mining
Energy and Utilities
BFSI
|
|
By Enterprise Size: |
Large Enterprise
Medium-sized Enterprise
Small-sized Enterprise
|
Key Topics Covered in the Report:
- Global B2B Payment Transaction Market Size (FY’2024-FY’2033)
- Overview of Global B2B Payment Transaction Market
- Segmentation of Global B2B Payment Transaction Market By Payment Type (Domestic Payments, Cross-Border Payments)
- Segmentation of Global B2B Payment Transaction Market By Payment Method (ACH, Wire, Cheque, Cash, Demand Draft, Credit Card)
- Segmentation of Global B2B Payment Transaction Market By Industry Vertical (Manufacturing, IT and Telecom, Metals and Mining, Energy and Utilities, BFSI)
- Segmentation of Global B2B Payment Transaction Market By Enterprise Size (Large Enterprise, Medium-sized Enterprise, Small-sized Enterprise)
- Statistical Snap of Global B2B Payment Transaction Market
- Expansion Analysis of Global B2B Payment Transaction Market
- Problems and Obstacles in Global B2B Payment Transaction Market
- Competitive Landscape in the Global B2B Payment Transaction Market
- Impact of COVID-19 and Demonetization on Global B2B Payment Transaction Market
- Details on Current Investment in Global B2B Payment Transaction Market
- Competitive Analysis of Global B2B Payment Transaction Market
- Prominent Players in the Global B2B Payment Transaction Market
- SWOT Analysis of Global B2B Payment Transaction Market
- Global B2B Payment Transaction Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Global B2B Payments Transaction Market.
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global B2B Payments Transaction Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global B2B Payments Transaction Market
7. Global B2B Payments Transaction Market, By Payment Type (USD Million) 2020-2033
7.1. Global B2B Payments Transaction Market Size, Share and Forecast, By Payment Type, 2020-2026
7.2. Global B2B Payments Transaction Market Size, Share and Forecast, By Payment Type, 2027-2033
7.3. Domestic Payments
7.4. Cross-Border Payments
8. Global B2B Payments Transaction Market, By Payment Method (USD Million) 2020-2033
8.1. Global B2B Payments Transaction Market Size, Share and Forecast, By Payment Method, 2020-2026
8.2. Global B2B Payments Transaction Market Size, Share and Forecast, By Payment Method, 2027-2033
8.3. ACH
8.4. Wire
8.5. Cheque
8.6. Cash
8.7. Demand Draft
8.8. Credit Card
9. Global B2B Payments Transaction Market, By Industry Vertical (USD Million) 2020-2033
9.1. Global B2B Payments Transaction Market Size, Share and Forecast, By Industry Vertical, 2020-2026
9.2. Global B2B Payments Transaction Market Size, Share and Forecast, By Industry Vertical, 2027-2033
9.3. Manufacturing
9.4. IT and Telecom
9.5. Metals and Mining
9.6. Energy and Utilities
9.7. BFSI
10. Global B2B Payments Transaction Market, By Enterprise Size (USD Million) 2020-2033
10.1. Global B2B Payments Transaction Market Size, Share and Forecast, By Enterprise Size, 2020-2026
10.2. Global B2B Payments Transaction Market Size, Share and Forecast, By Enterprise Size, 2027-2033
10.3. Large Enterprise
10.4. Medium-sized Enterprise
10.5. Small-sized Enterprise
11. Europe Electric Bus Market Forecast, 2020-2033 (USD Million)11.1. Europe Electric Bus Market Size and Market Share
12. Global B2B Payments Transaction Market, By Region, 2020-2033 (USD Million)
12.1. Global B2B Payments Transaction Market Size and Market Share By Region (2020-2026)
12.2. Global B2B Payments Transaction Market Size and Market Share By Region (2027-2033)
12.3. Asia-Pacific
12.3.1. Australia
123.2. China
12.3.3. India
12.3.4. Japan
12.3.5. South Korea
12.3.6. Rest of Asia-Pacific
12.4. Europe
12.4.1. France
12.4.2. Germany
12.4.3. Italy
12.4.4. Spain
12.4.5. United Kingdom
12.4.6. Rest of Europe
12.5. Middle East and Africa
12.5.1. Kingdom of Saudi Arabia
12.5.2. United Arab Emirates
12.5.3. Qatar
12.5.4. South Africa
12.5.5. Egypt
12.5.6. Morocco
12.5.7. Nigeria
12.5.8. Rest of Middle-East and Africa
12.6. North America
12.6.1. Canada
12.6.2. Mexico
12.6.3. United States
12.7. Latin America
12.7.1. Argentina
12.7.2. Brazil
12.7.3. Rest of Latin America
13. Company Profile
13.1. AMERICAN EXPRESS
13.1.1. Company details
13.1.2. Financial outlook
13.1.3. Product summary
13.1.4. Recent developments
13.2. BANK OF AMERICA CORPORATION
13.2.1. Company details
13.2.2. Financial outlook
13.2.3. Product summary
13.2.4. Recent developments
13.3. CAPITAL ONE
13.3.1. Company details
13.3.2. Financial outlook
13.3.3. Product summary
13.3.4. Recent developments
13.4. MASTERCARD
13.4.1. Company details
13.4.2. Financial outlook
13.4.3. Product summary
13.4.4. Recent developments
13.5. PAYONEER INC.
13.5.1. Company details
13.5.2. Financial outlook
13.5.3. Product summary
13.5.4. Recent developments
13.6. PAYPAL HOLDINGS INC.
13.6.1. Company details
13.6.2. Financial outlook
13.6.3. Product summary
13.6.4. Recent developments
13.7. SQUARE INC.
13.7.1. Company details
13.7.2. Financial outlook
13.7.3. Product summary
13.7.4. Recent developments
13.8. STRIPE
13.8.1. Company details
13.8.2. Financial outlook
13.8.3. Product summary
13.8.4. Recent developments
13.9. TRANSFERWISE LTD.
13.9.1. Company details
13.9.2. Financial outlook
13.9.3. Product summary
13.9.4. Recent developments
13.10. VISA INC.
13.10.1. Company details
13.10.2. Financial outlook
13.10.3. Product summary
13.10.4. Recent developments
13.11. OTHERS
14. Conclusion
15. List of Abbreviations
16. Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
