Corporate Flows B2B Payment Market Analysis

Payment (Cross-border payment, Domestic payment)

The cross-border payment segment in corporate flows b2b payment market is expected to register robust revenue CAGR throughout the forecast period attributable to globalization and technological evolution that have brought about fundamental changes in the cross-border payment landscape. International transactions by businesses require an efficient and cost-effective payment system. Traditional banking systems are time-consuming and costly to process, and most corporations today are looking towards alternative mechanisms like fintech platforms and blockchain technologies to accelerate and make transactions more transparent with lower costs.

For instance, in November 2019, Citi Bank announced the launch of a cross-border B2B payments platform named Citi Global Collect especially, for its multinational clients by integrating FX capabilities and account structures. This platform aims to help corporations and clients reach worldwide, making collecting cash from overseas payers easier.

Enterprise Size (SMEs, Large Enterprise)

In corporate flows b2b payment market, large enterprises segment is anticipated to dominate revenue share of over 65.5% by 2037, due to tremendous changes in the level of technology and the changing needs of evolving businesses. A developing trend for integrated payment solutions, which promotes effectiveness, reduces cost, and aids in improving cash flow, is now being adopted increasingly among large enterprises. For example, SAP and Oracle have broadened their scope to comprise comprehensive financial management tools, enabling users to automate invoicing and payments and thereby optimize the handling and processing period with increased accuracy.

Additionally, blockchain technology is increasingly being integrated to enhance security and transparency in transactions. For instance, IBM's integration with Stellar aimed to design blockchain-based payment solutions tailoring corporate needs to be in a position to utilize even more efficient and up-to-date solutions for competitive corporate flows B2B payment markets.

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