Market Overview

The global B2B payments market size 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 2026-2034. Asia Pacific dominates with a market share of over 36.7% in 2025. Market growth is driven by digital payments adoption, fintech advancements, and secure mobile wallet use. For more details, see the B2B Payments Market.

Study Assumption Years

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

B2B Payments Market Key Takeaways

• The global B2B payments market size was USD 1,273.0 Billion in 2025.
• The market is projected to grow at a CAGR of 6.70% during 2026-2034.
• The forecast period for the market is 2026-2034.
• Asia Pacific holds the largest market share of over 36.7% as of 2025.
• Domestic payments constitute around 65.2% of the market in 2025.
• Traditional payment mode leads with approximately 65.9% market share in 2025.
• Large enterprises dominate with around 55.6% market share in 2025.

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Market Growth Factors

The B2B payments market's growth is primarily fueled by the rising adoption of digital payments and advancements in fintech technology that enhance transaction speed and security. For instance, the growing volume of e-commerce platforms, exceeding 30.7 million websites globally as of 2024, has intensified demand for seamless cross-border payments. Automation and integrated payment systems are also being increasingly embraced by businesses to streamline operations and reduce errors.

The market also benefits from growing efforts to reduce operational costs and improve cash flow management. Regulatory advancements as well as an overarching push towards digitalization across industries have fostered broader market expansion. The United States, particularly, exhibits significant market growth driven by the increased demand for efficient digital payment solutions reducing traditional checks usage, alongside growing cloud-based financial systems enhancing real-time processing and transparency.

Enhanced security measures such as biometric verification, encryption of sensitive data, and blockchain technology are critical drivers supporting market growth. These technologies reduce fraud risks, ensure data confidentiality, and provide immutable transaction records. For example, the global payment fraud cost is projected to reach USD 40.62 Billion by 2027, underscoring the urgency of security improvements pursued by companies like Visa and Citigroup that are introducing innovative payment security roadmaps and credit solutions.

Market Segmentation

Analysis by Payment Type:

• Domestic Payments: Represent the largest segment (65.2% market share in 2025), involving transactions within company borders. Preferred for simplicity and adherence to national banking systems. PayU's SDKs enhance mobile payment success by up to 56%.
• Cross-Border Payments: Driven by globalization, facilitating international trade with competitive exchange rates and currency risk management. Platforms like Joybuy of JD Worldwide connect international retailers with Chinese factories.

Analysis by Payment Mode:

• Traditional: Leads market with 65.9% share in 2025. Includes paper cheques, wire transfers, cash transactions. Favored for familiarity and established processes.
• Digital: Gaining traction due to automation, real-time payment abilities, and integration with modern systems.

Analysis by Enterprise Size:

• Large Enterprises: Leading with 55.6% market share in 2025. These entities have complex payment needs and are adopting advanced technologies like electronic invoicing and supply chain financing. Conduent introduced a digital integrated payments hub to offer efficient, secure payment methods.
• Small and Medium-sized Enterprises: Not detailed in the source.

Analysis by Industry Vertical:

• Manufacturing: Leading segment with 23.6% market share in 2025, involving complex supply chains requiring efficient payments for supplier management and raw materials procurement. Rupifi raised USD 25 Million to develop mobile-first B2B payment solutions.
• BFSI, IT and Telecom, Metals and Mining, Energy and Utilities, Others: Mentioned but no detailed data provided.

Regional Insights

Asia Pacific leads the global B2B payments market with over 36.7% share in 2025. This region benefits from expanding e-commerce activities, smartphone proliferation, favorable government policies, and a growing fintech ecosystem embracing blockchain and supply chain finance. For example, Tech Data India launched Peer Connexions, a B2B e-commerce platform enhancing reseller engagement and business operations digitally.

Recent Developments & News

• August 2024: Easebuzz launched a B2B payments platform in collaboration with NPCI Bharat BillPay to streamline payment processes.
• November 2024: Melio secured USD 150 Million in venture capital for expanding B2B payment services.
• April 2024: Paystand acquired spend management software provider Teampay to expand blockchain-enabled B2B payments network.
• April 2024: Cross-border payments platform Nium and payments processor Thredd expanded their fintech partnership to issue virtual cards in 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

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