Market Overview
The global B2B payments market size was valued at USD 1,273.0 Billion in 2025 and is forecast to reach USD 2,274.3 Billion by 2034. It is expected to grow at a CAGR of 6.70% during the forecast period 2026-2034. The market is driven by the increasing adoption of digital payments, enhancements in fintech, and a growing demand for seamless and secure payment solutions including mobile wallets and robust security measures.
Study Assumption Years
- Base Year: 2025
- Historical Year/Period: 2020-2025
- Forecast Year/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.
- Asia Pacific dominated the market with over 36.7% share in 2025.
- The United States is a key regional market, accounting for 70.40% of North America’s share.
- The manufacturing industry leads with around 23.6% market share in 2025.
- Domestic payments hold approximately 65.2% of the market in 2025.
- Traditional payment modes represented 65.9% share in 2025.
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Market Growth Factors
The global B2B payments market is driven by rise of digital payment methods and fintech, which speeds up payment transactions with better security features. For instance, e-commerce marketplaces are estimated to have reached over 30.7 million globally in 2024 (26.5 million of which are active), increasing demand for efficient cross-border payment solutions. Automation technologies and integrated payment systems continue to support businesses in improving their operations and reducing errors.
The driving forces behind the Cash Application Market growth include the growing need to reduce operating costs while improving cash flow management, along with increasing regulations and digitalization across industries. Growing demand for higher-output digital payments to replace checks and paper systems in the United States market and cloud-based financial systems adhering to standard specifications like X9.125 (Cloud-based financial management, 2024) drive real-time payments and increase transparency for users, enabling the automation of previously manual processes.
One of the major motives for market growth is the growing number of security features that curb fraud by ensuring payments are made only by authorized personnel and encrypting sensitive data. Blockchain can be used for payment transaction records which are immutable and verifiable. Global payment fraud frequency is projected to reach USD 40.62 Billion by 2027. Payment security initiatives such as that of Visa in India aim to protect the digital ecosystem from cyber threats and build consumer confidence.
Market Segmentation
Analysis by Payment Type:
- Domestic Payments: Largest segment in 2025 with around 65.2% market share; characterized by local transactions within national banking infrastructures. For example, PayU in India increased payment success rates by up to 56% using mobile SDKs.
- Cross-Border Payments: Increasing due to globalization and international trade expansion.
Analysis by Payment Mode:
- Traditional: Leading segment in 2025 with 65.9% share; includes paper cheques, wire transfers, and cash transactions preferred for familiarity and established use.
- Digital: Growing with advances in technology but no specific data provided.
Analysis by Enterprise Size:
- Large Enterprises: Leading segment with 55.6% share in 2025; complex payment needs, adoption of advanced payment technologies and automation. For example, Conduent Incorporated introduced a digital integrated payments hub to facilitate secure and expedited payments.
Analysis by Industry Vertical:
- Manufacturing: Top vertical with about 23.6% market share in 2025; involves complex supply chain payment processes. Rupifi raised USD 25 Million to develop B2B checkout and omnichannel mobile-first payment solutions.
Regional Insights
Asia-Pacific dominates the global B2B payments market with a share of over 36.7% in 2025, driven by expanding e-commerce, smartphone proliferation, favorable policies, and a growing fintech ecosystem. The region witnesses widespread adoption of blockchain and supply chain finance solutions. An example is Peer Connexions by Tech Data India, which offers a digital B2B e-commerce platform enhancing reseller business operations across various regions.
Recent Developments & News
- August 2024: Easebuzz launched a B2B payments platform in partnership with NPCI Bharat BillPay for enhanced payment interoperability.
- November 2024: Melio secured USD 150 Million in venture capital funding to expand its B2B payments platform.
- April 2024: Paystand acquired Teampay to create a blockchain-enabled B2B payments powerhouse.
- April 2024: Nium and Thredd expanded their fintech partnership to issue virtual cards in Asia-Pacific.
- April 2024: Pliant raised USD 19 Million in Series A funding led by PayPal Ventures for expansion.
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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