B2B Digital Payment Global Market Exhibit a Remarkable CAGR of 15.0% and is expected to reach $8.93 Billion By 2028

Overview and Scope
Business-to-business (B2B) digital payments are the electronic transfer of funds or transactions between two businesses conducted over digital platforms or networks. These transactions typically involve the exchange of goods, services, or payments for business purposes. This plays a crucial role in modernizing and optimizing businesses’ financial operations, driving efficiency, transparency, and competitiveness in the marketplace.

Sizing and Forecast
The B2B digital payment market size has grown rapidly in recent years. It will grow from $4.41 billion in 2023 to $5.10 billion in 2024 at a compound annual growth rate (CAGR) of 15.6%. The growth in the historic period can be attributed to internet expansion, electronic data interchange (EDI), enterprise resource planning (ERP) systems, payment gateways, virtual payment cards.

The B2B digital payment market size is expected to see rapid growth in the next few years. It will grow to $8.93 billion in 2028 at a compound annual growth rate (CAGR) of 15.0%. The growth in the forecast period can be attributed to artificial intelligence and machine learning, integration with internet of things (IoT), real-time payments, biometric authentication. major trends in the forecast period include rise of contactless payments, increased adoption of digital invoicing, expansion of subscription-based payment models, enhanced integration with supply chain finance.

To access more details regarding this report, visit the link:
https://www.thebusinessresearchcompany.com/report/b2b-digital-payment-global-market-report

Segmentation & Regional Insights
The B2B digital payment market covered in this report is segmented –
1) By Type: Digital Commerce, Digital Remittances, Mobiles POS Payments
2) By Offering: Solution, Services
3) By Payment Mode: Digital Wallet, Debit Or Credit Card, Other Payment Modes
4) By End User: Banks Financial Institutions And Insurance( BFSI), Transportation And Logistics, Information Technology And Telecommunications, Healthcare, Retail, Travel And Hospitality, E-Commerce, Other End Users

Asia-Pacific was the largest region in the B2B digital payment market in 2023. The regions covered in the B2B digital payment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Intrigued to explore the contents? Secure your hands-on sample copy of the report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=14268&type=smp

Major Driver Impacting Market Growth
The growth of e-commerce is expected to propel the growth of the B2B digital payments market going forward. E-commerce refers to the buying and selling of goods or services over the internet or other electronic systems. The insistence of e-commerce arises because of its convenience for consumers, accessibility, vast product selection, time- savings, and efficiency. B2B digital payments are used in e-commerce to enhance efficiency, convenience, security, and cost-effectiveness for businesses engaging in online transactions, making them attractive for e-businesses aiming to streamline operations and financial processes. For instance, according to the United States Census Bureau, a US-based government agency, e-commerce sales increased by 7.6% in the 3rd quarter of 2023, compared to 6.9% in the 4th quarter of 2022. Therefore, e-commerce is driving the growth of the B2B digital payments market.

Key Industry Players
Major companies operating in the B2B digital payment market are Visa International Inc., Stripe Payments Inc., Mastercard Corporation, Fiserv Technologies Inc., Fidelity National Information Services Corporation, Adyen Solutions N.V., BharatPe Payments Technologies Ltd., PayPal Holdings Inc., Global Payments Corporation, Paytm Mobile Solutions Pvt. Ltd., Coupa Software Solutions Inc., Payoneer Solutions Inc., Ripple Labs Inc., HighRadius Systems Group, Razorpay Innovations Co., Juspay Financial Technologies Inc., FLEETCOR Technologies Corporation, Stax Payments Corporation, Dwolla Technologies Inc., Billtrust Corporation, Helcim Solutions Inc., Ramp Technologies Inc., Optal Technologies Limited, MatchMove Solutions Inc., EBANX Global Ventures LLC, Payset Technologies LLC, Rapyd Financial Services Ltd., Earthport Global PLC, Nvoicepay Solutions Inc., Terraform Labs Inc.

The b2b digital payment market report table of contents includes:
1. Executive Summary