B2B Payments Market Analysis

Payment Type (Domestic Payment, Cross Border Payment)

The cross-border payment segment in the B2B payments market is expected to expand at a staggering revenue CAGR throughout the forecast period owing to increasing international trade, rapid advancements in payment technology, improving regulatory norms, and robust growth in e-commerce sales. One of the key factors boosting segment revenue growth is the increasing efforts to improve cross-border B2B payment infrastructure and enhance user experience. According to a recent survey, there are more than 420 B2B payers across the U.S. and the Middle East and Africa.

Key players in the market are launching novel products and services to improve the existing cross-border payment challenges. For instance, in April 2024, Nium partnered with Kapronasia to launch, a new data-backed white paper to address the cross-border B2B payment challenges in Asia.  “Breaking Borders” addresses cross-border B2b payment challenges along with current initiatives and the role of intermediaries to overcome the challenges.

Enterprise Size (Large Enterprises, Small and Medium Enterprises)

The large enterprises segment is poised to account for 60.5% of revenue share in the global B2B payments market between 2024 and 2036. This growth can be attributed to the increasing adoption of digital B2B payment processes to streamline high transaction volumes in large enterprises. Automated payments and transactions reduce the time and cost associated with manual payment modes. Moreover, b2b payment solutions offer better control over financial transactions as large enterprises need to coordinate payments through multiple departments and locations.

Other factors such as increasing globalization of businesses across various domains, growing need for advanced payment systems for cross-border transactions, and the availability of enough funds at large enterprises to invest in advanced technologies are expected to boost segment growth going ahead.

Our in-depth analysis of the market includes the following segments: