The global B2B payments market size was valued at USD 1,189.6 Billion in 2024. Looking forward, IMARC Group estimates the market to reach USD 2,189.0 Billion by 2033, exhibiting a CAGR of 7% from 2025-2033. Asia Pacific currently dominates the market, holding a market share of over 36.7% in 2024. The market is primarily driven by the rising focus on enhancing financial decision-making and strategic planning, the implementation of robust security measures to protect sensitive payment data in transit and at rest, and the extensive utilization of mobile wallets to render payments.

The global B2B payments market size crossed USD 86.51 trillion in 2024 and is likely to register a CAGR of over 11.9%, exceeding USD 373.13 trillion revenue by 2037. Large Enterprises segment is anticipated to dominate 60.5% share by 2037, attributed to increasing adoption of digital B2B payment processes to streamline high transaction volumes in large enterprises.

The B2B Payments Market Report is Segmented by Payment Type (Domestic Payments, Cross-Border Payments), Payment Mode (Traditional, Digital), Enterprise Size (Small and Medium Enterprises (SMEs), Large Enterprises), End-User Vertical (Banking, Financial Services and Insurance (BFSI), Information Technology and Telecom, and More), and Geography. The Market Forecasts are Provided in Terms of Value (USD).

Regardless whether it is for the United States or the global perspective, the revenue found in the B2B payments market was far bigger than in the B2C. The global B2B market, for instance, was estimated to be worth around *** trillion U.S. dollars of which ** trillion U.S. dollars was located in the United States. Interestingly, it is in the B2C side that most of the developments with digital payments occurred recently - such as contactless payments or mobile wallets. This was less so in the B2B segment, where not the payments themselves are the main focus but rather the transaction process, data required to make payments happen, or the administrative workflow. Because B2B payments are more "secluded"/less visible than an in-store payment, less data on this particular segment can be found. This can already be seen with the figures on display here, which are seemingly both on 2018 - despite a 2021 release - but this is not made immediately clear.

B2B Payments Market Outlook

According to our latest research, the global B2B payments market size in 2024 is valued at approximately USD 1.53 trillion. The market is exhibiting robust momentum, driven by the accelerating digital transformation across business ecosystems. With a compound annual growth rate (CAGR) of 10.2% from 2025 to 2033, the B2B payments sector is forecasted to reach a significant USD 3.65 trillion by 2033. The growth of this market is primarily fueled by the increasing adoption of digital payment solutions, the expansion of cross-border trade, and the growing demand for real-time transaction processing.

One of the most prominent growth factors in the B2B payments market is the rapid digitization of financial processes among enterprises. Companies are increasingly moving away from traditional, paper-based payment methods in favor of digital alternatives that offer greater efficiency, security, and transparency. The proliferation of advanced payment technologies, such as blockchain, artificial intelligence, and real-time payment systems, has enabled businesses to streamline their accounts payable and receivable processes. This transition not only reduces transaction times and operational costs but also enhances cash flow management, which is critical for maintaining a competitive edge in todayÂ’s fast-paced business environment. The integration of payment automation tools and platforms further accelerates the shift toward digital B2B payments, making it easier for organizations to manage high transaction volumes and complex workflows efficiently.

Another key driver propelling the B2B payments market is the globalization of supply chains and the surge in cross-border business activities. As companies expand their operations internationally, the need for seamless, secure, and cost-effective payment solutions becomes paramount. Cross-border payments are inherently more complex due to currency conversions, regulatory compliance, and varying banking infrastructures across regions. To address these challenges, fintech innovators and incumbent financial institutions are collaborating to develop interoperable solutions that facilitate faster and more transparent cross-border transactions. The emergence of digital wallets, multi-currency payment gateways, and blockchain-based remittance services has significantly reduced the friction associated with international B2B payments, enabling businesses to engage in global trade with greater confidence and efficiency.

The evolving regulatory landscape and heightened focus on security and compliance are also shaping the growth trajectory of the B2B payments market. Regulatory bodies worldwide are introducing new standards and frameworks to enhance transparency, reduce fraud, and protect sensitive financial data. Compliance with regulations such as PSD2 in Europe and similar directives in other regions has compelled businesses to adopt more secure payment infrastructures. This has led to increased investments in advanced security technologies, including tokenization, end-to-end encryption, and biometric authentication. As data breaches and cyber threats continue to rise, businesses are prioritizing the adoption of secure payment solutions to safeguard their transactions and maintain trust with trading partners. The convergence of regulatory compliance and technological innovation is thus a crucial factor driving the sustained growth of the B2B payments market.

In the realm of B2B Travel Payments, companies are increasingly seeking solutions that cater to the unique demands of the travel industry. This sector requires payment systems that can handle high transaction volumes, multiple currencies, and complex itineraries with ease. The integration of digital payment platforms and real-time processing capabilities is transforming how travel businesses manage their financial transactions. By adopting advanced B2B Travel Payments solutions, companies can streamline their operations, reduce costs, and enhance customer satisfaction. As travel businesses continue to expand globally, the need for efficient and secure payment systems becomes even more critical, driving innovation and growth in this niche market.

From a regional perspective, North America remains the dominant market for B2B payments, owing to its mature financ

Japan B2B payments market size is projected to exhibit a growth rate (CAGR) of 8.80% during 2025-2033. The ongoing digital transformation, along with the widespread adoption of digital payment methods, such as electronic invoicing, online payment portals, and digital wallets, is driving the market.

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2025-2033. Our report has categorized the market based on payment type, payment mode, enterprise size, and industry vertical.

Consumer-initiated cross-border payments are to grow nearly ***** as fast as its B2B counterpart between 2024 and 2032, although remaining small in comparison. This is according to a market model that aims to capture the full size of worldwide international payments, focusing especially on the business side of things. The B2B cross-border payments market, so the source estimates, is to increase by ** percent with B2B e-commerce being one of the main drivers within this segment. The source described consumer cross-border payments as “a significantly smaller market”, but it did predict this particular market would grow by roughly ** percent in seven years. Wholesale includes payments performed by banks, investors, and hedge funds. Banks listed several reasons on why they wanted to modernize international transactions, most notably lower costs and reaching new markets. Cross-border payments a bigger market than remittances International transactions covering B2B, B2C, and documentary trade comprised about ** percent of the total cross-border payments market in Europe, the Middle East, and Africa in 2022. This was for all three areas combined, with no separate figures being available. Remittances — the C2C segment — were worth around ** billion U.S. dollars that year for the region. Note this includes international business transactions, and does not exclusively cover C2C transactions alone. Commercial-based cross-border payments also outpaced consumer transactions in Asia-Pacific — the region with the highest value of cross-border transactions in the world. Several options to modernize international transactions A big theme for cross-border payments in 2023 is the question of how to help speed up processes and combat international payment system fragmentation. Central banks believed that CBDC held the most promise to make international payments more efficient. The potential of such digital variants of existing FX, such as the U.S. dollar or the euro, was regarded higher than other trends — such as linking real-time payment systems together, the use of stablecoins or the upcoming ISO 20022. Central banks do acknowledge potential legal issues or technical implementations. As this is still very much in testing, the uptake of CBDC worldwide was relatively low even in countries which had already launched such a virtual currency.

U.S. B2B Payments Market is expected to reach USD 1191 Billion by 2035, is projected to grow at a CAGR 4.6% During the forecast period

B2B Payments Market size was valued at USD 23.39 Billion in 2023 and is projected to reach USD 74.07 Billion by 2031, growing at a CAGR of 15.50% from 2024 to 2031.

B2B Payments Market: Definition/ Overview

B2B (business-to-business) payments are transactions between two companies for goods or services. Unlike consumer payments which involve individuals purchasing goods for personal use, B2B payments are larger, more sophisticated transactions that frequently include additional layers of approval, paperwork, and security.

Global B2B Payments market size is expected to reach $1982.35 billion by 2029 at 10.3%, segmented as by payment type, domestic payments, cross-border payments

B2B Payments Market Share size and share are expected to exceed USD 4269 Billion by 2035, with a CAGR of 9.7% during the forecast period.

Global B2B Payment market size 2025 was XX Million. B2B Payment Industry compound annual growth rate (CAGR) will be XX% from 2025 till 2033.

South East Asia B2B payments market size reached USD 44.5 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 105.6 Billion by 2033, exhibiting a growth rate (CAGR) of 10.07% during 2025-2033. The growing focus among businesses to accelerate payment processes, enhance cash flow management, and reduce discrepancies and uncertainties between trading partners is primarily augmenting the regional market.

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the regional and country levels for 2025-2033. Our report has categorized the market based on payment type, payment mode, enterprise size, and industry vertical.

Discover the latest insights from Market Research Intellect's B2B Payments Market Report, valued at USD 1.5 trillion in 2024, with significant growth projected to USD 3.1 trillion by 2033 at a CAGR of 9.2% (2026-2033).

Corporate Flows B2B Payment Market size is evaluated at USD 1.4 trillion in 2024 and is set to reach USD 3.4 trillion by the end of 2037, expanding at around 7.7% CAGR during the forecast period i.e., between 2025-2037. The North America will emerge as an opportunistic market during this period and account for 30.3% of the market share, owing to the efficiency and flexibility of B2B payments being improved by the emergence of open banking and API integration.

B2B Payments Platform Market Outlook

The global B2B payments platform market size was estimated at USD 1.3 trillion in 2023 and is projected to reach approximately USD 3.5 trillion by 2032, growing at a CAGR of 11.5% during the forecast period. The growth of this market is primarily driven by the increasing digitization of payment processes, the rising demand for transparency, and advancements in payment technologies.

One of the major growth factors for the B2B payments platform market is the increasing adoption of digital payment solutions by businesses worldwide. Companies are increasingly shifting from traditional paper-based payments to digital methods to improve efficiency, reduce costs, and enhance security. The integration of advanced technologies like blockchain, artificial intelligence, and machine learning into payment platforms has further streamlined transactions, reducing the chances of fraud and errors.

Another significant factor contributing to the market's growth is the rising globalization of businesses. As companies expand their operations across borders, the need for efficient and secure cross-border payment solutions has become crucial. B2B payment platforms that support multiple currencies and comply with international regulations are in high demand. This has led to the development of platforms that offer real-time foreign exchange (FX) services and automated compliance checks, thus simplifying the complexities of international transactions.

Additionally, the COVID-19 pandemic has accelerated the digital transformation of businesses, including their payment processes. The lockdowns and social distancing norms have forced companies to adopt digital payment methods to continue their operations smoothly. This shift has provided a significant boost to the B2B payments platform market. Moreover, the increasing focus on improving cash flow management and working capital efficiency is driving the adoption of advanced payment solutions that offer real-time tracking and reporting features.

From a regional perspective, North America dominates the B2B payments platform market, accounting for the largest market share. The presence of major market players, advanced technological infrastructure, and high adoption rate of digital payment solutions contribute to this dominance. However, the Asia Pacific region is expected to witness the highest growth rate during the forecast period, driven by the rapid economic development, increasing internet penetration, and growing adoption of digital technologies by businesses in countries like China, India, and Japan.

Payment Type Analysis

The B2B payments platform market can be segmented by payment type into domestic payments and cross-border payments. Domestic payments currently hold a larger share in the market due to the higher volume of transactions taking place within national borders. Businesses prefer domestic payment platforms for their reliability, lower costs, and faster processing times. The well-established banking infrastructure and regulatory frameworks in numerous countries further support the efficiency of domestic payments.

Cross-border payments, although representing a smaller market share, are poised for significant growth. The expansion of global trade and the rise of multinational companies have underscored the importance of efficient cross-border payment solutions. Traditional cross-border transactions are often plagued by high fees, delays, and complex regulatory requirements. Modern B2B payment platforms address these challenges by offering cost-effective, fast, and compliant solutions that facilitate seamless international transactions.

Innovations such as real-time payments, blockchain technology, and AI-driven risk management are transforming cross-border payments. Real-time payments enable instant fund transfers, which are essential for businesses needing quick access to capital. Blockchain technology enhances transparency and security, reducing the risk of fraud and errors. AI-driven risk management tools help businesses navigate the complex regulatory landscape of cross-border transactions, ensuring compliance and reducing the chances of legal issues.

Another key trend in cross-border payments is the rise of multi-currency payment platforms. These platforms allow businesses to hold and transfer funds in multiple currencies, reducing the need for frequent currency conversions and associated fees. This feature is particularly beneficial for companies operating in multiple countries, as it simplifies fina

The number of digital B2B payments in Latin America is forecast to increase by nearly ** billion after 2023, as businesses move away from cash. This is according to research from Capgemini Research Institute for Financial Services Analysis. In 2023 - the most recent year estimated by the source - **** billion cashless transactions were carried out in the Latin America region, including Mexico. The source does not clearly state clear whether this includes both domestic and cross-border payments. It does point towards the importance of Swift and ISO 20022, as these initiatives hope to improve B2B cross-border payments in regions such as Latin America.

Global B2B payments platform market worth at $4.81 Billion in 2024, is expected to surpass $18.43 Billion by 2034, a CAGR of 14.38% from 2025 to 2034.

Global B2B Payments Market is anticipated to project robust growth in the forecast period with a CAGR of 9.45% through 2028.

Dive into Market Research Intellect's B2B Payments Platform Market Report, valued at USD 1.5 trillion in 2024, and forecast to reach USD 3.1 trillion by 2033, growing at a CAGR of 9.5% from 2026 to 2033.