B2B Payments Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Payment Type (Domestic Payments, Cross-border Payments), By Enterprise Size (Large Enterprises, Medium-sized Enterprises, Small-sized Enterprises), By Payment Method (Bank Transfer, Cards, Others), By Industry Vertical (Manufacturing, IT and Telecom, Metals and Mining, Energy and Utilities, Others), By Region, By Competition 2021-2031F

Forecast Period	2027-2031
Market Size (2025)	USD 14.56 Trillion
CAGR (2026-2031)	10.11%
Fastest Growing Segment	Domestic Payments
Largest Market	Asia Pacific
Market Size (2031)	USD 25.95 Trillion

Market Overview

The Global B2B Payments Market will grow from USD 14.56 Trillion in 2025 to USD 25.95 Trillion by 2031 at a 10.11% CAGR. The Global B2B Payments Market involves the recurring transfer of currency between two business entities to settle obligations for goods or services. The expansion of this market is primarily supported by the ongoing digitalization of accounts payable processes and a heightened demand for automated financial workflows that improve operational efficiency. These fundamental drivers are accelerating the migration from paper checks to electronic methods to ensure faster settlement. According to Nacha, in 2024, B2B payment volume on the ACH Network increased by 11.6 percent to 7.3 billion payments.

However, the sector encounters a significant challenge regarding security vulnerabilities and the persistence of financial fraud. The substantial value of corporate transactions often attracts targeted cyber threats such as business email compromise which can impede the adoption of digital solutions. According to the Association for Financial Professionals, in 2024, 79 percent of organizations were victims of attempted or actual payments fraud. Consequently, maintaining secure transaction environments and robust verification protocols remains critical for continued market acceptance.

Key Market Drivers

The Expansion of Global Cross-Border Trade and International Supply Chains is a primary catalyst driving the market. As organizations increasingly source goods from diverse geographies, the demand for multi-currency settlement capabilities and transparent foreign exchange mechanisms has intensified. This globalization compels payment providers to upgrade infrastructure to handle complex, high-value transactions that traditional correspondent banking models often delay. According to Visa, October 2024, in the 'Fiscal Year 2024 Results', cross-border volume excluding intra-Europe grew by 13 percent. This surge highlights the critical reliance multinational enterprises place on robust networks to maintain liquidity across borders. Supporting this fluidity, settlement efficiency is notably improving; according to Swift, October 2024, 90 percent of cross-border payments sent over its network reached the destination bank within an hour.

Simultaneously, the Adoption of Real-Time Payment Infrastructures and Instant Settlement Networks is fundamentally reshaping corporate cash management. Businesses are moving away from batch-processing systems toward instant rails that offer immediate fund availability and 24/7 clearing capabilities. This shift is driven by the need for working capital optimization and the ability to execute time-sensitive payments without the lag associated with legacy methods. The rapid scaling of these systems highlights this trend; according to The Clearing House, January 2025, in the 'RTP Network Growth Sets Stage for 2025' press release, payment value on the RTP network surged 94 percent to $246 billion in 2024. This exponential increase confirms the sector's aggressive pivot toward solutions that provide certainty and speed in financial exchanges.

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Key Market Challenges

Security vulnerabilities and the persistence of financial fraud represent a significant impediment to the growth of the Global B2B Payments Market. As businesses attempt to digitize their financial workflows, the substantial value inherent in corporate transactions makes them a prime target for sophisticated cyber threats. This hostile environment fosters a culture of risk aversion, where organizations are hesitant to fully transition away from established legacy systems. The fear of significant capital loss compels companies to prioritize defensive security measures over rapid operational expansion. This necessity for rigorous verification protocols creates friction in payment processes, counteracting the efficiency and speed that digital solutions are designed to deliver.

The prevalence of these targeted attacks directly undermines confidence in electronic payment infrastructures and diverts resources that could otherwise fuel market development. According to the Association for Financial Professionals, in 2024, 63 percent of organizations reported that wire transfers were the payment method most frequently targeted by business email compromise scams. This high frequency of attacks on digital channels forces enterprises to direct substantial investment toward fraud prevention and compliance rather than innovation, effectively decelerating the broader adoption of modern B2B payment technologies.

Key Market Trends

The Integration of Embedded Finance in B2B Platforms is fundamentally altering how software providers monetize their user bases and service corporate clients. SaaS platforms are increasingly embedding payment processing, lending, and business accounts directly into their workflows, allowing enterprises to manage financial operations without leaving their primary operational interfaces. This consolidation deepens user engagement and opens substantial new revenue streams for non-financial platforms serving small and medium-sized businesses. According to Adyen, October 2024, in the 'Embedded Finance Report 2024', the total addressable market for embedded finance within SaaS platforms reached $185 billion in 2024, reflecting a 25 percent increase since 2022.

The Proliferation of Virtual Commercial Card Solutions is rapidly advancing as organizations prioritize fraud reduction and precise expense management. These digital instruments generate unique, often single-use account numbers for specific transactions, which significantly mitigates the security risks associated with physical cards and enables automated reconciliation of accounts payable data. This shift is particularly evident among mid-sized firms that are modernizing their receivables processes to ensure timely capital collection. According to PYMNTS, April 2024, in the 'Optimizing AR to Mitigate Uncertainty for Middle-Market Businesses' report, 60 percent of smaller middle-market firms reported receiving payments via virtual cards during the preceding six months.

Segmental Insights

The Domestic Payments segment is emerging as the fastest-growing category in the Global B2B Payments Market, driven by the intense digitalization of Small and Medium-sized Enterprises worldwide. This surge is underpinned by the widespread implementation of national real-time payment grids, which offer businesses superior speed and lower transaction costs compared to international alternatives. For example, central banking authorities like the Federal Reserve have introduced modern settlement layers that facilitate immediate liquidity, prompting companies to abandon paper-based processes. This modernization allows firms to optimize working capital significantly, solidifying the rapid expansion of domestic digital transactions.

Regional Insights

Asia Pacific leads the global B2B payments market due to the rapid expansion of its manufacturing sector and the increasing digitalization of trade. The region benefits from a dense network of small and medium-sized enterprises that are actively shifting from cash to electronic transaction methods. Strategic initiatives by regulatory institutions, such as the Reserve Bank of India and the People's Bank of China, support this transition by strengthening digital infrastructure and cross-border settlement frameworks. This regulatory backing, combined with high trade volumes, ensures the region maintains its dominant position in the commercial payments landscape.

Recent Developments

• In September 2025, Swift announced that it was piloting a new blockchain-based network in collaboration with 30 financial institutions to enhance the efficiency of cross-border transactions. This breakthrough initiative focused on utilizing distributed ledger technology to support richer data transmission and faster settlement times for international business payments. The organization highlighted that this development was part of a broader strategy to modernize global financial infrastructure, ensuring that digital asset transactions could interoperate seamlessly with traditional fiat currencies. The project aimed to solve long-standing challenges related to data reconciliation and transaction speed in the global market.
• In November 2024, Mastercard entered into a strategic multi-year partnership with PayMate, a business-to-business payments company, to facilitate digital payment solutions across the Eastern Europe, Middle East, and Africa (EEMEA) region. This collaboration was designed to address common friction points in the B2B landscape, such as manual invoicing processes and restricted payment options that often lead to operational inefficiencies. By leveraging the card network's global infrastructure alongside PayMate's specialized platform, the initiative aimed to enable businesses to settle payables faster while providing suppliers with improved liquidity and visibility into their cash flows.
• In October 2024, Bank of America expanded its commercial payments capabilities in the Europe, Middle East, and Africa (EMEA) region with the launch of Virtual Payables Direct. This new product allowed corporate clients to initiate payments using virtual commercial cards while ensuring that suppliers received the funds via direct bank transfer. The solution was developed to provide buyers with the working capital benefits associated with card payments, such as extended payment terms, without requiring suppliers to alter their existing acceptance methods. The bank introduced this innovation to improve flexibility and cash flow management for businesses operating in the B2B sector.
• In April 2024, HighRadius launched a new B2B payments platform designed to significantly reduce payment processing costs for suppliers and buyers. The solution introduced three core modules, including a Payment Gateway, Surcharge Management, and an Interchange Fee Optimizer, which collectively aimed to automate compliance and minimize transaction fees. The company stated that the platform was engineered to support over 150 currencies, making it suitable for global enterprises seeking to streamline their order-to-cash processes. This product launch addressed the growing market demand for automated financial tools that can legally and efficiently manage complex fee structures in digital commerce.

Key Market Players

• Payoneer Inc.
• TransferWise Ltd
• JPMorgan & Chase
• Square, Inc.
• Stripe
• Mastercard
• American Express
• Paystand Inc.
• Visa Inc.
• PayPal Holdings, Inc.

By Payment Type	By Enterprise Size	By Payment Method	By Industry Vertical	By Region
Domestic Payments Cross-border Payments	Large Enterprises Medium-sized Enterprises Small-sized Enterprises	Bank Transfer Cards Others	Manufacturing IT and Telecom Metals and Mining Energy and Utilities Others	North America Europe Asia Pacific South America Middle East & Africa

Report Scope:

In this report, the Global B2B Payments Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

• B2B Payments Market, By Payment Type:

• Domestic Payments
• Cross-border Payments

• B2B Payments Market, By Enterprise Size:

• Large Enterprises
• Medium-sized Enterprises
• Small-sized Enterprises

• B2B Payments Market, By Payment Method:

• Bank Transfer
• Cards
• Others

• B2B Payments Market, By Industry Vertical:

• Manufacturing
• IT and Telecom
• Metals and Mining
• Energy and Utilities
• Others

• B2B Payments Market, By Region:

• North America
• United States
• Canada
• Mexico
• Europe
• France
• United Kingdom
• Italy
• Germany
• Spain
• Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• South America
• Brazil
• Argentina
• Colombia
• Middle East & Africa
• South Africa
• Saudi Arabia
• UAE