Market Overview

The global B2B payments market was valued at USD 1,273.0 Billion in 2025 and is expected to reach USD 2,274.3 Billion by 2034, growing at a CAGR of 6.70% during the forecast period 2026-2034. Asia Pacific dominates the market with over 36.7% share in 2025. Growth is driven by advancements in digital payments, fintech innovations, and a focus on security and mobile wallet usage. The B2B Payments Market is rapidly evolving with a strong emphasis on automation and cross-border transactions.

Study Assumption Years

• Base Year: 2025
• Historical Years: 2020-2025
• Forecast Period: 2026-2034

B2B Payments Market Key Takeaways

• Current Market Size: USD 1,273.0 Billion in 2025
• CAGR: 6.70%
• Forecast Period: 2026-2034
• Asia Pacific holds the largest share with over 36.7% in 2025.
• Domestic payments accounted for around 65.2% of market share in 2025.
• Traditional payment mode leads the market with approximately 65.9% share in 2025.
• Large enterprises dominate with around 55.6% share in 2025.
• Manufacturing is the leading industry vertical with about 23.6% market share in 2025.

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Market Growth Factors

The B2B payments market growth is fueled by the increasing adoption of digital payments and fintech advancements that enhance transaction speed and security. The rise of e-commerce, with over 30.7 million websites globally as of 2024, and over 26.5 million active sites, drives demand for seamless cross-border payments. Automation and integrated payment systems help streamline operations and minimize errors, further accelerating market expansion. Regulatory advancements and digitalization across industries also support continuous growth.

Increasing demand for efficient digital payment solutions in key regions, especially the United States, contributes to significant growth. The implementation of cloud-based financial systems enhances real-time payment processing and transparency. The introduction of standards like X9.125 for secure cloud management published in 2024 improves compliance and security for financial institutions. Additionally, growing business-to-business e-commerce and cross-border transactions bolster demand for faster, cost-effective payment options.

Enhanced security measures such as biometric verification and robust encryption technologies help reduce risks of fraud and protect sensitive payment data. Blockchain technology provides transparent, immutable payment records, ensuring auditability. Visa’s roadmap in India to strengthen payment security and Citigroup’s collaboration for seamless Buy Now, Pay Later (BNPL) solutions further contribute to market demand. The increased focus on data security, fraud prevention, and government regulations promoting digital payments stimulate ongoing expansion.

Market Segmentation

Payment Type:

• Domestic Payments: Largest segment in 2025 with around 65.2% share, involving transactions within company borders with high volume, favored for simplicity and adherence to national banking systems. PayU in India enhanced mobile SDKs to improve payment success rates.
• Cross-Border Payments: Driven by globalization and demand for international business solutions, fostering collaboration among payment providers to offer competitive exchange rates and currency risk tools. Platforms like JD Worldwide’s Joybuy and fintech partnerships such as Nium and Thredd enhance cross-border B2B payments.

Payment Mode:

• Traditional: Leading segment with approximately 65.9% share in 2025, encompassing paper cheques, wire transfers, and cash transactions. Businesses favor established processes and familiarity with these methods.
• Digital: Growing with increased online payment platforms, driven by automation enabling instant payments, approval workflows, and real-time tracking.

Enterprise Size:

• Large Enterprises: Dominant segment with roughly 55.6% in 2025, characterized by complex payment needs, high transaction volumes, and adoption of sophisticated payment technologies like invoicing and supply chain financing. Example: Conduent Incorporated introduced a digital integrated payments hub.
• Small and Medium-sized Enterprises: Included in the report, but no specific data provided.

Industry Vertical:

• Manufacturing: Leading vertical with around 23.6% of the market in 2025, involving complex supply chain networks requiring efficient payments for raw materials and distribution. Rupifi secured USD 25 Million for B2B mobile payment solutions.
• BFSI, IT and Telecom, Metals and Mining, Energy and Utilities, Others: Mentioned but without specific data.

Regional Insights

Asia Pacific dominates the global B2B payments market with over 36.7% market share in 2025. The region’s growth is attributed to expanding e-commerce, smartphone proliferation, favorable government policies, and a growing fintech ecosystem. Adoption of blockchain platforms and supply chain financing further stimulate growth. Initiatives like Tech Data India’s Peer Connexions platform enhance digital commerce, enabling resellers ease of access to catalogs and business tools for seamless operations.

Recent Developments & News

• August 2024: Easebuzz launched a B2B payments platform with NPCI Bharat BillPay to enhance interoperability and automate business transactions.
• November 2024: Melio secured USD 150 Million in venture capital to expand its B2B payments platform.
• April 2024: Paystand acquired spend management software provider Teampay to expand blockchain-enabled B2B payments network.
• April 2024: Cross-border payments platform Nium and processor Thredd expanded their partnership to issue virtual cards in APAC.
• April 2024: Pliant raised USD 19 Million in funding led by PayPal Ventures to expand its B2B credit card platform.

Key Players

• American Express Company
• Bank of America Corporation
• Capital One
• Citigroup Inc.
• JPMorgan Chase & Co.
• Mastercard Inc.
• Payoneer Inc.
• PayPal Holdings Inc.
• Paystand Inc.
• Stripe Inc.
• Visa Inc.
• Wise Payments Limited

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