Corporate Flows B2B Payment Market Share

North America Market Statistics

North America corporate flows B2B payment market is set to account for revenue share of more than 30.3% by the end of 2037. It gains an advantage from the synergistic effect in the growth and development of technological innovation, a robust financial infrastructure, and favorable regulations. The imperative presence of PayPal, Square, and Stripe as the strongest payment solution providers has created an enabling environment for the widespread adoption of advanced payment technologies. Moreover, the transformation of businesses into integrated solutions that ensure better operational efficiency, with real-time visibility into cash flows is further fueling the corporate flows B2B payment market growth.

Also, initiatives by the local government such as the Faster Payments Task Force, initiated by the U.S. Federal Reserve have fastened the adoption pace of digital payments in the region consequently placing the U.S. in a remarkable position for B2B payment and technology. Moreover, the government initiative in the region seeks to speed up the acceptance and payment systems encouraging the establishment of real-time payment solutions across the country.

In Canada, the corporate flows B2B payment market is expected to register rapid revenue growth during the forecast period owing to rising cross-border payments and increasing investments in R&D activities.  In September 2024, PayStand announced the incorporation of its zero-fee B2B network into the market in Canada.

Asia Pacific Market Analysis

Asia Pacific is rapidly expanding in the corporate flows B2B payment market, fostered by the high adoption of advanced fintech companies, favorable regulatory support, and changing business needs in this emerging region. Further, digitalization within businesses feels a need to optimize their cash flows and make them as efficient as possible. Companies are now moving towards using digital solutions whereby electronic invoicing and automatic payment systems continue gaining traction for reducing processing times while lowering levels of operational costs.

Asia Pacific is gradually developing corporate B2B payment flows supported by technological enhancements, favorable governmental policies, and strategic collaborations. The powerful ecosystem apart from streamlining the transaction process puts this region at the forefront of global payment infrastructure development. For instance, in June 2023, Visa and SAP SE announced a strategic partnership to streamline and expedite B2B payments, with a primary emphasis on the Asia Pacific. The goal of this partnership is to integrate Visa's payment options with SAP's extensive software portfolio, enabling companies to easily pay their suppliers whether or not they take credit card payments.

In India, the corporate flows B2B payment market is expected to witness significant growth during the forecast period owing to rapid growth in digital technology and payments, high adoption of fintech solutions, and favorable government and regulatory support. India is one of the major players in international trade and cross-border B2B payments. This is another factor expected to boost market growth in India. Moreover, India is home to many banks and traditional financial institutions that offer services such as escrow services, trade finance, and bulk payment solutions.

The corporate flows B2B payment market in China is anticipated to expand at a steady CAGR over the forecast period owing to the high adoption of digital payments, the rise in fintech companies, and support from the government to promote digital yuan and cross-border payment pilot program. In April 2024, WorldFirst announced the launch of a global sourcing B2B payment product in China.