The number of digital B2B payments in Europe 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 Europe in the B2B segment, the highest amount of all regions worldwide. 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 EMEA (Europe, Middle East, Africa).

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.

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.

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

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.

Estimates indicate that the value of payments across payment methods in the B2B sector reached ** trillion U.S. dollars in 2021. This value refers to worldwide domestic payments only, excluding cross-border transactions, and it is forecast to grow to ** trillion U.S. dollars in 2023.

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.

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.

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 has evolved significantly in recent years, becoming a critical component of financial operations for businesses worldwide. B2B payments refer to transactions made between businesses, encompassing a wide range of payment methods, including bank transfers, cards, and emerging digital solutions.

The B2B Payments Platform market has emerged as an essential component of the global financial ecosystem, fundamentally transforming how businesses facilitate transactions with one another. This market encompasses various digital platforms designed to streamline and enhance payment processes between enterprises, add

The Global B2B Payments Market Size Was Worth USD 80 Trillion in 2023 and Is Expected To Reach USD 186 Trillion by 2032, CAGR of 9.2%.

The number of digital B2B payments in Asia-Pacific was far lower than the number processed in retail, even if B2B is forecast to double in market size after 2023. 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 Asia-Pacific for B2B. This was behind Europe and North America, unlike for retail where Asia-Pacific is seen as the market leader for digital payments. The source mentions that emerging countries like Vietnam and India rely much more on cash in B2B than business hubs like Singapore and Australia. The source does not clearly state clear whether the figures shown include 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 Asia-Pacific.

According to a survey conducted in *************, ** percent of B2B companies based in the Singapore used wire transfers for cross-border transactions. About the same percentage opted for bank transfers. However, the preference rate for eChecks was extremely low, at **** percent.

The dataset contains year, month and payment application-wise UPI Apps Transaction Statistics like Customer Initiated Transactions, B2C Transactions, B2B Transactions and On-us Transactions Note: 1) Unified Payments Interface(UPI) is an instant real-time payment system developed by National Payments Corporation of India. The interface facilitates inter-bank peer-to-peer and person-to-merchant transactions 2) From January 2021 onwards, ‚On-us Transactions‚ in UPI that are not processed and settled through the UPI Central System is shown under ‚ On-us Transactions column 3) Apps which has volume less than 10,000 is included under‚ Other Apps. 4) App volume in table is basis the Payer App logic, i.e the financial transaction is attributed to the PSP in UPI on the Payer's side. 5) BHIM Volume is inclusive of *99# volume. 6) For WhatsApp, Maximum registered user base of hundred (100) million in UPI

Global Real-Time Payments Market size worth at USD 25.86 Billion in 2023 and projected to USD 435.45 Billion by 2032, with a CAGR of around 32.6% between 2024-2032.

The Online B2B Payment Solutions market has emerged as a vital component in facilitating seamless transactions between businesses in an increasingly digital economy. As companies strive for efficiency, speed, and security in their financial dealings, these solutions provide a range of services that streamline paymen

Available data formats for the Cross-Border Payments Market Size, Share, Opportunities, And Trends By Transaction Type (Business-to-Business (B2B), Consumer-to-Business (C2B), Business-to-Consumer (B2C), Consumer-to-Consumer (C2C)), By Payment Method (Wire Transfer, Electronic-Fund Transfer, Card Payments, Others), By End User (Residential, Commercial), And By Geography - Forecasts From 2025 To 2030 report.