Market Overview

The global B2B payments market was valued at USD 1,273.0 Billion in 2025 and is forecasted to grow to USD 2,274.3 Billion by 2034, exhibiting a CAGR of 6.70% during the 2026-2034 period. The market is chiefly propelled by increasing adoption of digital payments, fintech advancements, and the growing focus on security measures and mobile wallets. Asia Pacific currently leads with a market share exceeding 36.7% in 2025. B2B Payments Market. 

Study Assumption Years

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

B2B Payments Market Key Takeaways

• The global market size was USD 1,273.0 Billion in 2025.
• The market is projected to grow at a CAGR of 6.70% from 2026 to 2034.
• The forecast period of the study is 2026-2034.
• Asia Pacific leads the market with over 36.7% share in 2025.
• The growth is driven by digital payments adoption, fintech innovation, and focus on secure payments.
• The U.S. is a key regional growth market driven by cloud-based financial systems and digital payment demand.

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Market Growth Factors

B2B growth has been driven by increasing digital payment methods, digital banking, and fintech innovations improving the speed and security of transactions as B2B payments continue to evolve. In 2024, there are over 30.7 million e-commerce websites worldwide and 26.5 million websites are active. This growing activity for cross-border payments is creating a natural demand for the B2B payments market.

Automation and embedded payment technologies help businesses streamline processes to reduce errors and costs and manage cash flows. The segment benefits from improved regulations and a big push for digitization in other industries such as financial services, automotive, healthcare, and retail.

Cloud financial solutions are growing in adoption, increasing transparency, and providing real-time payment capabilities. For example, the 2024 rollout of the X9.125 standard in the US established cloud security guidelines for financial institutions (FIs) and vendors serving FIs. In addition, the growth of mobile wallets and stricter data security have reduced fraud and encouraged greater use.

Market Segmentation

Analysis by Payment Type:

• Domestic Payments: Represents the largest segment with around 65.2% share in 2025. These payments occur within company borders, characterized by high volume and adherence to national banking infrastructure. The segment benefits from innovations like PayU's SDKs enhancing mobile transaction success by up to 56%.
• Cross-Border Payments: Growing demand driven by globalization and cross-border trade, with platforms such as JD’s Joybuy linking international retailers and Chinese factories.

Analysis by Payment Mode:

• Traditional: Leads with 65.9% market share in 2025, encompassing conventional payment methods like cheques, wire transfers, and cash transactions preferred for their familiarity.
• Digital: Increasing adoption supported by automated approval workflows, instant payments, and real-time tracking capabilities.

Analysis by Enterprise Size:

• Large Enterprises: Leading segment holding about 55.6% market share in 2025, characterized by complex payment requirements and advanced technological adoption such as electronic invoicing and supply chain financing.

Analysis by Industry Vertical:

• Manufacturing: The largest vertical with 23.6% market share in 2025, benefiting from complex supply chains, automated and globalized production, and adoption of digital payment solutions to streamline supplier and raw material payments.

Regional Insights

Asia Pacific dominates the global B2B payments market with over 36.7% market share in 2025. The region's leadership is attributed to expanding e-commerce operations, widespread smartphone adoption, favorable government policies, and a robust fintech ecosystem enriched by blockchain and supply chain finance platforms. Rapid digital infrastructure growth in countries like India and China, alongside burgeoning middle-class consumer bases, further fuels this market expansion.

Recent Developments & News

• August 2024: Easebuzz launched a B2B payments platform with NPCI Bharat BillPay to enhance payment interoperability and automation.
• November 2024: Melio secured USD 150 Million venture capital funding to expand its B2B payments platform.
• April 2024: Paystand acquired spend management software provider Teampay to broaden its blockchain-enabled B2B payments network.
• April 2024: Nium and Thredd expanded their fintech partnership in the Asia-Pacific region, enabling issuance of virtual cards.
• April 2024: Pliant raised USD 19 Million in a funding round 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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