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.

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 B2C. The global B2B market, for instance, was estimated to be worth around 125 trillion U.S. dollars of which 25 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 in recent years - 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.

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.

The B2B Payments Market report segments the industry into By Payment Type (Domestic Payments, Cross Border Payments), By Payment Mode (Traditional, Digital), By Enterprises (SMEs, Large Enterprises), By End-user Vertical (BFSI, IT and Telecom, Manufacturing, Energy and Utilities, Government, Other End-user Verticals), and By Geography (North America, Europe, Asia, Latin America, Middle East and Africa, Australia and New Zealand).

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.

According to Cognitive Market Research, the global B2B Digital Payment Marketsize is USD 4.23 billion in 2024 and will expand at a compound annual growth rate (CAGR) of 14.35% from 2024 to 2031. Market Dynamics of B2B Digital Payment Market Key Drivers for B2B Digital Payment Market Increasing Digital India and Immediate Payment Service - A plan and incentives are being developed by the Federal Reserve Bank and the National Automated Clearing House Association (NACHA) to speed up real-time payments in the US. Real-time payment uptake in India is accelerated by the Government of India's (Gol) efforts, such as Digital India and Immediate Payment Service (IMPS). These programmers support digitalization and raise awareness of the benefits of utilizing cutting-edge technology. The increasing raised awareness of the benefits of utilizing cutting-edge technology. Key Restraints for B2B Digital Payment Market B2B transactions often involve complex processes, such as invoicing, purchase orders, and reconciliation. The complexities of cross-border transactions amplify the intricacy of the process. Introduction of the B2B Digital Payment Market Payments between businesses that are made in return for goods or services are known as business-to-business (B2B) payments, and they are always made in currency. Continual or one-time B2B payments are possible based on the conditions agreed upon by the buyer and seller. Although a sizable portion of payments are still made using paper checks, digital B2B payment solutions offer a more efficient way to get financial services. This B2B technique significantly increases positive cash flow and expedites the sending, receiving, and processing of payments. Even if the industry is still expanding at exceptionally high rates, certain tendencies are starting to emerge that all businesses, regardless of size, need to monitor closely. As a result, they can get a competitive advantage in subsequent deals. The number of Buy Now Pay Later (BNPL) options is rising.

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.

The global B2B payments market size reached a value of approximately USD 1.16 Trillion in 2024. The market is further projected to grow at a CAGR of 9.60% between 2025 and 2034, reaching a value of USD 2.90 Trillion by 2034.

Global B2B Payments market size is expected to reach $1992.42 billion by 2029 at 10.3%, segmented as by payment type, domestic payments, cross-border payments

South East Asia B2B payments market size is projected to exhibit 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.

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.

B2B Payments Market Outlook

The global B2B payments market size was valued at $1.2 trillion in 2023 and is projected to reach $2.5 trillion by 2032, growing at a compound annual growth rate (CAGR) of 8.5% during the forecast period. The market is experiencing significant growth driven by the increasing adoption of digital payment solutions, the expansion of global trade, and the necessity for efficient and secure transaction methods in the business ecosystem. This growth is further bolstered by technological advancements in payment processing and the increasing focus on reducing transaction times and associated costs.

A critical growth factor for the B2B payments market is the rapid digital transformation across various industries. Businesses are increasingly opting for digital payment solutions to streamline their financial operations, reduce fraud, and enhance transaction transparency. The proliferation of electronic invoicing and advanced analytics tools has allowed firms to manage their cash flows more effectively and make real-time financial decisions, thus fueling the adoption of B2B payment solutions.

Another significant factor contributing to the market's expansion is the globalization of trade. As companies increasingly engage in international trade, there is a growing need for efficient cross-border payment solutions that facilitate seamless transactions and currency exchanges. The rise of e-commerce and online marketplaces has also played a vital role in driving demand for advanced B2B payment platforms, as businesses require robust and secure payment methods to handle high transaction volumes and varied payment preferences of international buyers and suppliers.

The regulatory landscape is also influencing the growth trajectory of the B2B payments market. Governments and regulatory bodies worldwide are implementing stringent policies to ensure secure and transparent financial transactions. Compliance with these regulations necessitates the adoption of advanced payment systems that can provide real-time tracking, reporting, and fraud detection features. This regulatory push is prompting businesses to upgrade their payment infrastructure, thereby contributing to market growth.

The emergence of a Cross-Border Payment Platform is revolutionizing the way businesses handle international transactions. These platforms are designed to simplify the complexities associated with cross-border payments by offering seamless currency conversion and compliance with diverse regulatory standards. By leveraging advanced technologies such as blockchain and artificial intelligence, these platforms enhance transaction security and reduce processing times, making them an attractive option for businesses engaged in global trade. The integration of these platforms with existing financial systems allows for real-time tracking and reporting, providing businesses with greater transparency and control over their international financial operations. As global trade continues to expand, the demand for efficient cross-border payment solutions is expected to rise, further driving the growth of the B2B payments market.

Regionally, North America holds a significant share in the B2B payments market, attributed to the presence of major market players and the early adoption of innovative payment technologies. The Asia Pacific region is anticipated to witness the highest growth rate during the forecast period, driven by the rapid digitalization of economies, the expansion of SMEs, and government initiatives promoting cashless transactions. Europe and Latin America are also expected to exhibit substantial growth, supported by the increasing focus on enhancing payment infrastructure and the rise of fintech innovations.

Payment Type Analysis

The B2B payments market is segmented based on payment types into domestic payments and cross-border payments. Domestic payments, which involve transactions within a single country, are prevalent due to their lower complexity and reduced regulatory requirements. These payments are often preferred by small and medium enterprises (SMEs) that primarily operate within local markets. The convenience and lower transaction costs associated with domestic payments are key drivers behind their extensive adoption across various industry verticals.

Cross-border payments, on the other hand, are growing in prominence as businesses increasingly engage in international trade. These payments invol

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.

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.

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

B2B Payments Transaction Market is estimated to be valued at US$ 1,732.85 Bn in 2025 and is expected to expand at CAGR of 9.9% reaching US$ 3,357.55 Bn by 2032

B2B payments in Latin America are projected to reach 25 billion USD in 2023, and forecasts say it will continue to grow up until 2031. This is according to a research calculation that starts off in 2022 and models the future growth of business-to-business transactions within the country. The LATAM B2B payments market value could reach 57 billion U.S. dollars by 2031, for an estimated nine percent CAGR (2023-2031). The source does not provide further figures on specific B2B categories, such as cross-border payments. Cross-border payment services - which includes B2B - in Latin America was said to be around 12 billion U.S. dollars in 2022.

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

North America B2B Payments Market compound annual growth rate CAGR of 8.6%, has been estimated to make approximately USD 1298 Billion till 2035