Market Overview

The global B2B Payments Market was valued at USD 1,273.0 Billion in 2025 and is projected to reach USD 2,274.3 Billion by 2034, growing at a CAGR of 6.70% during the forecast period 2026-2034. Asia Pacific leads with a market share of over 36.7% in 2025. Growth is driven by digital payments adoption, fintech advancements, secure payment data protections, and mobile wallet usage. 

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 grow at a CAGR of 6.70% during the forecast period from 2026 to 2034.
• Asia Pacific held the largest share of over 36.7% in 2025.
• Domestic payments accounted for approximately 65.2% market share and traditional payment modes led with 65.9% in 2025.
• Large enterprises dominated the enterprise size segment with around 55.6% share.
• Manufacturing accounted for the leading industry vertical with 23.6% market share in 2025.

Sample Request Link: 

https://www.imarcgroup.com/b2b-payments-market/requestsample

Market Growth Factors

The growing complexity of contracts as a result of emerging regulations has become a key factor driving growth in the Contract Lifecycle Management Software market․ Companies are increasingly engaging in complex contracts involving multiple parties, variables, and dependencies, creating a need for software solutions to effectively reduce legal risks․ The demand for modern CLM solutions that possess wide-ranging regulatory compliance and risk management capabilities is on the rise․

The CLM market is closely related to the growth of the legal technology market․ Legal spend on technology has increased from 2․6% in 2017 to 3․9% in 2020 and is expected to reach 12% by 2025․ To simplify the management of their contracts, organizations are focusing on investing in CLM software that automates the contract lifecycle from the creation, negotiation, approval workflow, and maintenance of it․

Technological advancements include features in CLM software using artificial intelligence and machine learning to automate tasks such as drafting, reviewing and approving contracts․ Natural Language Processing (NLP) is another software feature that improves the accuracy of extracting data from contracts․ Product releases like Conga's AI-enabled CLM on the Conga Platform, which provides risk mitigation and expedited contracts, point to continued growth in the CLM space․

Market Segmentation

• Payment Type:
• Domestic Payments: Constituting around 65.2% of the market in 2025, these transactions occur within company borders and are preferred for their simplicity and reliance on national banking infrastructure. For example, PayU increased mobile payment success rates by 56% through advanced SDKs.
• Cross-Border Payments: Demand is rising due to globalization, enhanced collaboration between payment providers, and competitive exchange rates offered by digital platforms such as JD.com's Joybuy and Nium-Thredd fintech partnership.
• Payment Mode:
• Traditional: Leading with 65.9% market share in 2025, traditional payments include cheques, wire transfers, and cash, preferred for their established procedures and reliability.
• Digital: Increasing use driven by automation and advanced fintech solutions.
• Enterprise Size:
• Large Enterprises: Dominating with 55.6% share in 2025, these have complex transaction needs and invest in electronic invoicing, supply chain financing, and payment automation. Example: Conduent's digital integrated payments hub.
• Small and Medium-sized Enterprises: Present but without detailed market share data in the source.
• Industry Vertical:
• Manufacturing: Leading with 23.6% market share in 2025, comprising sectors like automotive and electronics needing streamlined payment for suppliers and procurement. Example: Rupifi's USD 25 Million funding for omnichannel B2B payment solutions.
• BFSI, IT and Telecom, Metals and Mining, Energy and Utilities, Others: Listed but without detailed data.

Regional Insights

Asia Pacific is the dominant region with over 36.7% of the market share in 2025. The region's leadership is attributed to expanding e-commerce, smartphone proliferation, favorable government policies, and the fintech ecosystem development. The widespread adoption of blockchain and supply chain finance platforms also supports growth. For instance, Tech Data India's Peer Connexions platform enhances digital commerce in the region.

Recent Developments & News

• August 2024: Easebuzz launched a B2B payments platform in collaboration with NPCI Bharat BillPay to automate business payments.
• November 2024: Melio received USD 150 Million in venture capital funding to expand its B2B payments platform.
• April 2024: Paystand acquired spend management software provider Teampay, aiming to enhance its blockchain-enabled B2B payments network.
• April 2024: Nium and Thredd expanded their fintech partnership to issue virtual cards in the Asia-Pacific.
• 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

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

Request For Customization:

https://www.imarcgroup.com/request?type=report&id=5143&flag=E

About Us

IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provides a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

Contact Us

IMARC Group

134 N 4th St. Brooklyn, NY 11249, USA

Email: sales@imarcgroup.com

Tel No: (D) +91 120 433 0800

United States: +1-201971-6302