B2B Digital Payment Market Expansion 2024-2033

Market Size –
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.

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Scope Of B2B Digital Payment Market
The Business Research Company’s reports encompass a wide range of information, including:

1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.

2. Drivers: Examination of the key factors propelling market growth.

3. Trends: Identification of emerging trends and patterns shaping the market landscape.

4. Key Segments: Breakdown of the market into its primary segments and their respective performance.

5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.

6. Macro Economic Factors: Assessment of broader economic elements impacting the market.

B2B Digital Payment Market Overview

Market Drivers –
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.

Market Trends –
Major companies operating in B2B digital payments are focusing on developing innovative products, such as NeuX, a neo-banking platform, to revolutionize the financial landscape and address various challenges businesses face. This platform is a type of financial technology that provides direct banking services to individuals and organizations without traditional physical branches. For instance, in October 2023, Safexpay, an India-based financial technology company, launched NeuX, a neo-banking platform designed to bring digital transformation to businesses, specifically targeting micro, small, and medium enterprises, corporates and B2B enterprises. This innovative platform aims to revolutionize the B2B payment and workflow by offering comprehensive banking and payment management solutions. It represents an innovative digital payment solution by offering tailored banking and payment management services for businesses looking to enhance their operations and embrace digital transformation effectively. Additionally, it has features such as a comprehensive solution and transaction capacity.

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

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Regional Insights –
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.

Key Companies –

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.

Table of Contents
1. Executive Summary
2. B2B Digital Payment Market Characteristics
3. B2B Digital Payment Market Trends And Strategies
4. B2B Digital Payment Market – Macro Economic Scenario
5. Global B2B Digital Payment Market Size and Growth
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31. B2B Digital Payment Market Other Major And Innovative Companies
32. Global B2B Digital Payment Market Competitive Benchmarking
33. Global B2B Digital Payment Market Competitive Dashboard
34. Key Mergers And Acquisitions In The B2B Digital Payment Market
35. B2B Digital Payment Market Future Outlook and Potential Analysis
36.Appendix