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 of 2026–2034. The market growth is driven by the increasing adoption of digital payments, fintech advancements, and a rising focus on enhancing financial decision-making and strategic planning. Asia Pacific dominates the market with the largest share, supported by mobile wallet usage and robust security measures. More details are available in the B2B Payments Marke

Study Assumption Years

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

B2B Payments Market Key Takeaways

  • The global B2B payments market size was valued at USD 1,273.0 Billion in 2025.
  • The market is expected to exhibit a CAGR of 6.70% during 2026-2034.
  • The forecast period for the market is from 2026 to 2034.
  • Asia Pacific accounts for over 36.7% market share in 2025, leading the regional market.
  • Large enterprises held around 55.6% market share in 2025, driven by their sophisticated financial needs.
  • Domestic payments made up approximately 65.2% of the market in 2025.
  • Traditional payment modes led the market with around 65.9% share in 2025.

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Market Growth Factors

The growth of the B2B payments market is primarily driven by the increasing adoption of digital payment solutions and advancements in fintech technologies. These innovations improve transaction speed, automation, and security, which meet the rising demand for efficient payment processes among businesses. The proliferation of e-commerce platforms, with over 30.7 million global websites as of 2024, has notably fueled the demand for seamless cross-border payments, streamlining international trade and transactions. Companies are also adopting cloud-based financial systems that enhance real-time payment processing, transparency, and operational efficiency.

Automation and integrated payment systems have become integral in minimizing errors and reducing operational costs. The robust focus on enhancing cash flow management further accelerates market expansion. Regulatory advancements supporting digitalization initiatives across various industries, coupled with government policies promoting secure and efficient payment infrastructures, positively impact the market’s growth trajectory. For example, the introduction of the X9.125 standard by The Accredited Standards Committee X9 Inc. offers cloud management and security guidelines, reinforcing secure digital payments in the U.S.

Moreover, increasing concerns related to data security and fraud prevention have led to widespread adoption of enhanced security measures, including biometric verification and encryption technologies. Blockchain technology also plays a critical role by creating immutable and transparent payment records that provide an indisputable audit trail. These security enhancements are pivotal due to the anticipated increase in global payment frauds costing billions annually. Companies such as Visa and Citigroup are spearheading initiatives to strengthen payment ecosystems and offer frictionless payment solutions, driving trust and adoption in the B2B payments market.

Market Segmentation

Analysis by Payment Type:

  • Domestic Payments: Represent the largest segment with approximately 65.2% market share in 2025. These are transactions occurring within company borders, involving local suppliers, employees, and service providers. The simplicity and adherence to national banking infrastructure make this segment preferred. For instance, PayU in India enhanced its mobile app SDKs to improve transaction success rates by up to 56%.
  • Cross-Border Payments: See growing demand due to globalization and increasing international trade. These solutions provide competitive exchange rates and tools to manage currency risk and reduce financial complexities of international transactions. Platforms like JD.com’s Joybuy and partnerships such as Nium and Thredd are advancing B2B cross-border payment innovations.

Analysis by Payment Mode:

  • Traditional: Leads the market with around 65.9% share in 2025. Traditional payments include paper cheques, wire transfers, and cash transactions. Many businesses rely on these established methods due to familiarity and entrenched processes.
  • Digital: Increasingly adopted due to faster processing and automation, though no specific market share percentage was provided.

Analysis by Enterprise Size:

  • Large Enterprises: Hold about 55.6% of the market in 2025. These companies demand advanced payment technologies and customized solutions to handle complex, high-volume transactions. Examples include Conduent Incorporated’s digital integrated payments hub.
  • Small and Medium-sized Enterprises: Mentioned as a category though no specific data provided.

Analysis by Industry Vertical:

  • Manufacturing: Leading segment with around 23.6% market share in 2025. The sector’s complex supply chain networks require efficient B2B payments for supplier management and raw material procurement. Rupifi, a B2B payment app provider, raised USD 25 Million in funding to develop omnichannel mobile-first solutions.
  • BFSI, IT and Telecom, Metals and Mining, Energy and Utilities, Others: Listed as industry verticals but without associated specific data.

Regional Insights

Asia Pacific dominates the B2B payments market with over 36.7% market share in 2025. This leadership is supported by flourishing e-commerce activities, smartphone proliferation, favorable government policies, and a growing fintech ecosystem. Countries like India have extensive digital infrastructure with over 888 million broadband users and hundreds of thousands of Common Service Centres facilitating digital access. The region’s expanding middle class and rising manufacturing hubs further drive B2B payments growth by increasing demand for raw materials and industrial equipment.

Recent Developments & News

  • August 2024: Easebuzz launched a B2B payments platform in collaboration with NPCI Bharat BillPay to enhance interoperability and automate business transactions.
  • November 2024: Melio secured USD 150 Million in venture capital funding to expand its B2B payments services.
  • April 2024: Paystand acquired Teampay, reinforcing its blockchain-based B2B payments network.
  • April 2024: Nium and Thredd expanded their fintech partnership enabling Nium to issue virtual cards in the Asia-Pacific region.
  • April 2024: Pliant raised USD 19 Million in Series A funding, led by PayPal Ventures, increasing its total financing to USD 53 Million.

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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