B2B Digital Payment Market Share, Size, Trends, Industry Analysis Report, By Offering (Solution, Services); By Transaction Type; By Payment Mode; By Industry Vertical; By Region; Segment Forecast, 2023- 2032

B2B Digital Payment Market Share, Size, Trends, Industry Analysis Report, By Offering (Solution, Services); By Transaction Type; By Payment Mode; By Industry Vertical; By Region; Segment Forecast, 2023- 2032



The global B2B digital payment market size is expected to reach USD 17.85 billion by 2032, according to a new study by Polaris Market Research. The report “B2B Digital Payment Market Share, Size, Trends, Industry Analysis Report, By Offering (Solution, Services); By Transaction Type; By Payment Mode; By Industry Vertical; By Region; Segment Forecast, 2023- 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The B2B digital payment sector is poised for significant growth. With the integration of technologies like artificial intelligence and machine learning into payment platforms, businesses can expect improved fraud detection, predictive analytics, and personalized financial insights. As enterprises expand their operations globally, there is a growing need for efficient cross-border payment solutions. B2B digital payments offer a cost-effective and streamlined approach to conducting international transactions, reducing reliance on conventional, time-consuming methods.

Moreover, B2B digital payment platforms have the potential to provide rich data analytics. This can offer businesses valuable insights into their financial transactions, helping them make better decisions, manage cash flow more effectively, and plan strategically.

Blockchain technology has the potential to revolutionize B2B transactions by offering a secure and transparent way to automate and validate transactions through smart contracts. This reduces the need for manual intervention and minimizes disputes.

In addition, integrating payment processes with existing Enterprise Resource Planning (ERP) systems can offer significant benefits. B2B payment platforms that seamlessly integrate with a company's financial systems can provide efficiency gains and reduce administrative overhead.

As a result, the B2B digital payment space offers numerous opportunities for innovative solutions that can address the evolving demands of businesses in an increasingly interconnected global economy. Providers that can offer seamless, secure, and value-added services stand poised to capitalize on this dynamic and rapidly expanding market.

B2B Digital Payment Market Report Highlights

The services segment is expected to grow at the highest CAGR during the projected period on account of enhanced operational efficiency

The domestic segment accounted for the largest market share in 2022, which is mainly driven by cost-effective payment method

The debit/Credit segment held a significant market revenue share in 2022, mainly due to its acceptance globally and ease of transaction

The BFSI segment is expected to witness the highest growth during the forecast period

North America region dominated the market with a majority share in 2022, owing to exponential growth in technological innovation

The global key market players include Paytm Mobile Solutions Private Limited, PayPal Holdings, Inc., Stripe Inc., TransferWise Ltd.

Polaris Market Research has segmented the B2B digital payment market report based on offering, transaction type, payment mode, industry vertical, and region:

B2B Digital Payment, Offering Outlook (Revenue - USD Billion, 2019 - 2032)

Solution

Services

B2B Digital Payment, Transaction Type Outlook (Revenue - USD Billion, 2019 - 2032)

Cross-border

Domestic

B2B Digital Payment, Payment Mode Outlook (Revenue - USD Billion, 2019 - 2032)

Digital Wallet

Debit/Credit Card

Others

B2B Digital Payment, Industry Vertical Outlook (Revenue - USD Billion, 2019 - 2032)

IT & Communication

BFSI

Retail & E-commerce

Travel & Hospitality

Others

B2B Digital Payment, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

North America

U.S.

Canada

Europe

Germany

UK

France

Italy

Spain

Russia

Netherlands

Asia Pacific

China

India

Japan

South Korea

Indonesia

Malaysia

Latin America

Argentina

Brazil

Mexico

Middle East & Africa

UAE

Saudi Arabia

Israel

South Africa


1. Introduction
1.1. Report Description
1.1.1. Objectives of the Study
1.1.2. Market Scope
1.1.3. Assumptions
1.2. Stakeholders
2. Executive Summary
2.1. Market Highlights
3. Research Methodology
3.1. Overview
3.1.1. Data Mining
3.2. Data Sources
3.2.1. Primary Sources
3.2.2. Secondary Sources
4. Global B2B Digital Payment Market Insights
4.1. B2B Digital Payment – Industry Snapshot
4.2. B2B Digital Payment Market Dynamics
4.2.1. Drivers and Opportunities
4.2.1.1. Increased efficiency and speed in real-time payment
4.2.1.2. Increasing adoption of e-commerce and online business transactions
4.2.2. Restraints and Challenges
4.2.2.1. Security concerns and the risk of cyberattacks on digital payment platforms
4.3. Porter’s Five Forces Analysis
4.3.1. Bargaining Power of Suppliers (Moderate)
4.3.2. Threats of New Entrants: (Low)
4.3.3. Bargaining Power of Buyers (Moderate)
4.3.4. Threat of Substitute (Moderate)
4.3.5. Rivalry among existing firms (High)
4.4. PESTLE Analysis
4.5. B2B Digital Payment Industry Trends
4.6. Value Chain Analysis
4.7. COVID-19 Impact Analysis
5. Global B2B Digital Payment Market, by Offering
5.1. Key Findings
5.2. Introduction
5.2.1. Global B2B Digital Payment Market, by Offering, 2019-2032 (USD Billion)
5.3. Solution
5.3.1. Global B2B Digital Payment Market, by Solution, by Region, 2019-2032 (USD Billion)
5.4. Services
5.4.1. Global B2B Digital Payment Market, by Services, by Region, 2019-2032 (USD Billion)
6. Global B2B Digital Payment Market, by Transaction Type
6.1. Key Findings
6.2. Introduction
6.2.1. Global B2B Digital Payment Market, by Transaction Type, 2019-2032 (USD Billion)
6.3. Cross-border
6.3.1. Global B2B Digital Payment Market, by Cross-border, by Region, 2019-2032 (USD Billion)
6.4. Domestic
6.4.1. Global B2B Digital Payment Market, by Domestic, by Region, 2019-2032 (USD Billion)
7. Global B2B Digital Payment Market, by Industry Vertical
7.1. Key Findings
7.2. Introduction
7.2.1. Global B2B Digital Payment Market, by Industry Vertical, 2019-2032 (USD Billion)
7.3. IT & Communication
7.3.1. Global B2B Digital Payment Market, by IT & Communication, by Region, 2019-2032 (USD Billion)
7.4. BFSI
7.4.1. Global B2B Digital Payment Market, by BFSI, by Region, 2019-2032 (USD Billion)
7.5. Retail & E-commerce
7.5.1. Global B2B Digital Payment Market, by Retail & E-commerce, by Region, 2019-2032 (USD Billion)
7.6. Travel & Hospitality
7.6.1. Global B2B Digital Payment Market, by Travel & Hospitality, by Region, 2019-2032 (USD Billion)
7.7. Others
7.7.1. Global B2B Digital Payment Market, by Others, by Region, 2019-2032 (USD Billion)
8. Global B2B Digital Payment Market, by Payment Mode
8.1. Key Findings
8.2. Introduction
8.2.1. Global B2B Digital Payment Market, by Payment Mode, 2019-2032 (USD Billion)
8.3. Digital Wallet
8.3.1. Global B2B Digital Payment Market, by Digital Wallet, by Region, 2019-2032 (USD Billion)
8.4. Debit/Credit Card
8.4.1. Global B2B Digital Payment Market, by Debit/Credit Card, by Region, 2019-2032 (USD Billion)
8.5. Others
8.5.1. Global B2B Digital Payment Market, by Others, by Region, 2019-2032 (USD Billion)
9. Global B2B Digital Payment Market, by Geography
9.1. Key findings
9.2. Introduction
9.2.1. B2B Digital Payment Market Assessment, By Geography, 2019-2032 (USD Billion)
9.3. B2B Digital Payment Market – North America
9.3.1. North America: B2B Digital Payment Market, by Offering, 2019-2032 (USD Billion)
9.3.2. North America: B2B Digital Payment Market, by Payment Mode, 2019-2032 (USD Billion)
9.3.3. North America: B2B Digital Payment Market, by Transaction Type, 2019-2032 (USD Billion)
9.3.4. North America: B2B Digital Payment Market, by Industry Vertical, 2019-2032 (USD Billion)
9.3.5. B2B Digital Payment Market – U.S.
9.3.5.1. U.S.: B2B Digital Payment Market, by Offering, 2019-2032 (USD Billion)
9.3.5.2. U.S.: B2B Digital Payment Market, by Payment Mode, 2019-2032 (USD Billion)
9.3.5.3. U.S.: B2B Digital Payment Market, by Transaction Type, 2019-2032 (USD Billion)
9.3.5.4. U.S.: B2B Digital Payment Market, by Industry Vertical, 2019-2032 (USD Billion)
9.3.6. B2B Digital Payment Market – Canada
9.3.6.1. Canada: B2B Digital Payment Market, by Offering, 2019-2032 (USD Billion)
9.3.6.2. Canada: B2B Digital Payment Market, by Payment Mode, 2019-2032 (USD Billion)
9.3.6.3. Canada: B2B Digital Payment Market, by Transaction Type, 2019-2032 (USD Billion)
9.3.6.4. Canada: B2B Digital Payment Market, by Industry Vertical, 2019-2032 (USD Billion)
9.4. B2B Digital Payment Market – Europe
9.4.1. Europe: B2B Digital Payment Market, by Offering, 2019-2032 (USD Billion)
9.4.2. Europe: B2B Digital Payment Market, by Payment Mode, 2019-2032 (USD Billion)
9.4.3. Europe: B2B Digital Payment Market, by Transaction Type, 2019-2032 (USD Billion)
9.4.4. Europe: B2B Digital Payment Market, by Industry Vertical, 2019-2032 (USD Billion)
9.4.5. B2B Digital Payment Market – UK
9.4.5.1. UK: B2B Digital Payment Market, by Offering, 2019-2032 (USD Billion)
9.4.5.2. UK: B2B Digital Payment Market, by Payment Mode, 2019-2032 (USD Billion)
9.4.5.3. UK: B2B Digital Payment Market, by Transaction Type, 2019-2032 (USD Billion)
9.4.5.4. UK: B2B Digital Payment Market, by Industry Vertical, 2019-2032 (USD Billion)
9.4.6. B2B Digital Payment Market – France
9.4.6.1. France: B2B Digital Payment Market, by Offering, 2019-2032 (USD Billion)
9.4.6.2. France: B2B Digital Payment Market, by Payment Mode, 2019-2032 (USD Billion)
9.4.6.3. France: B2B Digital Payment Market, by Transaction Type, 2019-2032 (USD Billion)
9.4.6.4. France: B2B Digital Payment Market, by Industry Vertical, 2019-2032 (USD Billion)
9.4.7. B2B Digital Payment Market – Germany
9.4.7.1. Germany: B2B Digital Payment Market, by Offering, 2019-2032 (USD Billion)
9.4.7.2. Germany: B2B Digital Payment Market, by Payment Mode, 2019-2032 (USD Billion)
9.4.7.3. Germany: B2B Digital Payment Market, by Transaction Type, 2019-2032 (USD Billion)
9.4.7.4. Germany: B2B Digital Payment Market, by Industry Vertical, 2019-2032 (USD Billion)
9.4.8. B2B Digital Payment Market – Italy
9.4.8.1. Italy: B2B Digital Payment Market, by Offering, 2019-2032 (USD Billion)
9.4.8.2. Italy: B2B Digital Payment Market, by Payment Mode, 2019-2032 (USD Billion)
9.4.8.3. Italy: B2B Digital Payment Market, by Transaction Type, 2019-2032 (USD Billion)
9.4.8.4. Italy: B2B Digital Payment Market, by Industry Vertical, 2019-2032 (USD Billion)
9.4.9. B2B Digital Payment Market – Spain
9.4.9.1. Spain: B2B Digital Payment Market, by Offering, 2019-2032 (USD Billion)
9.4.9.2. Spain: B2B Digital Payment Market, by Payment Mode, 2019-2032 (USD Billion)
9.4.9.3. Spain: B2B Digital Payment Market, by Transaction Type, 2019-2032 (USD Billion)
9.4.9.4. Spain: B2B Digital Payment Market, by Industry Vertical, 2019-2032 (USD Billion)
9.4.10. B2B Digital Payment Market – Netherlands
9.4.10.1. Netherlands: B2B Digital Payment Market, by Offering, 2019-2032 (USD Billion)
9.4.10.2. Netherlands: B2B Digital Payment Market, by Payment Mode, 2019-2032 (USD Billion)
9.4.10.3. Netherlands: B2B Digital Payment Market, by Transaction Type, 2019-2032 (USD Billion)
9.4.10.4. Netherlands: B2B Digital Payment Market, by Industry Vertical, 2019-2032 (USD Billion)
9.4.11. B2B Digital Payment Market – Russia
9.4.11.1. Russia: B2B Digital Payment Market, by Offering, 2019-2032 (USD Billion)
9.4.11.2. Russia.: B2B Digital Payment Market, by Payment Mode, 2019-2032 (USD Billion)
9.4.11.3. Russia: B2B Digital Payment Market, by Transaction Type, 2019-2032 (USD Billion)
9.4.11.4. Russia: B2B Digital Payment Market, by Industry Vertical, 2019-2032 (USD Billion)
9.5. B2B Digital Payment Market – Asia Pacific
9.5.1. Asia Pacific: B2B Digital Payment Market, by Offering, 2019-2032 (USD Billion)
9.5.2. Asia Pacific: B2B Digital Payment Market, by Payment Mode, 2019-2032 (USD Billion)
9.5.3. Asia Pacific: B2B Digital Payment Market, by Transaction Type, 2019-2032 (USD Billion)
9.5.4. Asia Pacific: B2B Digital Payment Market, by Industry Vertical, 2019-2032 (USD Billion)
9.5.5. B2B Digital Payment Market – China
9.5.5.1. China: B2B Digital Payment Market, by Offering, 2019-2032 (USD Billion)
9.5.5.2. China.: B2B Digital Payment Market, by Payment Mode, 2019-2032 (USD Billion)
9.5.5.3. China: B2B Digital Payment Market, by Transaction Type, 2019-2032 (USD Billion)
9.5.5.4. China: B2B Digital Payment Market, by Industry Vertical, 2019-2032 (USD Billion)
9.5.6. B2B Digital Payment Market – India
9.5.6.1. India: B2B Digital Payment Market, by Offering, 2019-2032 (USD Billion)
9.5.6.2. India.: B2B Digital Payment Market, by Payment Mode, 2019-2032 (USD Billion)
9.5.6.3. India: B2B Digital Payment Market, by Transaction Type, 2019-2032 (USD Billion)
9.5.6.4. India: B2B Digital Payment Market, by Industry Vertical, 2019-2032 (USD Billion)
9.5.7. B2B Digital Payment Market – Japan
9.5.7.1. Japan: B2B Digital Payment Market, by Offering, 2019-2032 (USD Billion)
9.5.7.2. Japan.: B2B Digital Payment Market, by Payment Mode, 2019-2032 (USD Billion)
9.5.7.3. Japan: B2B Digital Payment Market, by Transaction Type, 2019-2032 (USD Billion)
9.5.7.4. Japan: B2B Digital Payment Market, by Industry Vertical, 2019-2032 (USD Billion)
9.5.8. B2B Digital Payment Market – Malaysia
9.5.8.1. Malaysia: B2B Digital Payment Market, by Offering, 2019-2032 (USD Billion)
9.5.8.2. Malaysia.: B2B Digital Payment Market, by Payment Mode, 2019-2032 (USD Billion)
9.5.8.3. Malaysia: B2B Digital Payment Market, by Transaction Type, 2019-2032 (USD Billion)
9.5.8.4. Malaysia: B2B Digital Payment Market, by Industry Vertical, 2019-2032 (USD Billion)
9.5.9. B2B Digital Payment Market – Indonesia
9.5.9.1. Indonesia: B2B Digital Payment Market, by Offering, 2019-2032 (USD Billion)
9.5.9.2. Indonesia.: B2B Digital Payment Market, by Payment Mode, 2019-2032 (USD Billion)
9.5.9.3. Indonesia: B2B Digital Payment Market, by Transaction Type, 2019-2032 (USD Billion)
9.5.9.4. Indonesia: B2B Digital Payment Market, by Industry Vertical, 2019-2032 (USD Billion)
9.5.10. B2B Digital Payment Market – South Korea
9.5.10.1. South Korea: B2B Digital Payment Market, by Offering, 2019-2032 (USD Billion)
9.5.10.2. South Korea.: B2B Digital Payment Market, by Payment Mode, 2019-2032 (USD Billion)
9.5.10.3. South Korea: B2B Digital Payment Market, by Transaction Type, 2019-2032 (USD Billion)
9.5.10.4. South Korea: B2B Digital Payment Market, by Industry Vertical, 2019-2032 (USD Billion)
9.6. B2B Digital Payment Market – Middle East & Africa
9.6.1. Middle East & Africa: B2B Digital Payment Market, by Offering, 2019-2032 (USD Billion)
9.6.2. Middle East & Africa: B2B Digital Payment Market, by Payment Mode, 2019-2032 (USD Billion)
9.6.3. Middle East & Africa: B2B Digital Payment Market, by Transaction Type, 2019-2032 (USD Billion)
9.6.4. Middle East & Africa: B2B Digital Payment Market, by Industry Vertical, 2019-2032 (USD Billion)
9.6.5. B2B Digital Payment Market – Saudi Arabia
9.6.5.1. Saudi Arabia: B2B Digital Payment Market, by Offering, 2019-2032 (USD Billion)
9.6.5.2. Saudi Arabia: B2B Digital Payment Market, by Payment Mode, 2019-2032 (USD Billion)
9.6.5.3. Saudi Arabia: B2B Digital Payment Market, by Transaction Type, 2019-2032 (USD Billion)
9.6.5.4. Saudi Arabia: B2B Digital Payment Market, by Industry Vertical, 2019-2032 (USD Billion)
9.6.6. B2B Digital Payment Market – South Africa
9.6.6.1. South Africa: B2B Digital Payment Market, by Offering, 2019-2032 (USD Billion)
9.6.6.2. South Africa: B2B Digital Payment Market, by Payment Mode, 2019-2032 (USD Billion)
9.6.6.3. South Africa: B2B Digital Payment Market, by Transaction Type, 2019-2032 (USD Billion)
9.6.6.4. South Africa: B2B Digital Payment Market, by Industry Vertical, 2019-2032 (USD Billion)
9.6.7. B2B Digital Payment Market – Israel
9.6.7.1. Israel: B2B Digital Payment Market, by Offering, 2019-2032 (USD Billion)
9.6.7.2. Israel: B2B Digital Payment Market, by Payment Mode, 2019-2032 (USD Billion)
9.6.7.3. Israel: B2B Digital Payment Market, by Transaction Type, 2019-2032 (USD Billion)
9.6.7.4. Israel: B2B Digital Payment Market, by Industry Vertical, 2019-2032 (USD Billion)
9.6.8. B2B Digital Payment Market – UAE
9.6.8.1. UAE: B2B Digital Payment Market, by Offering, 2019-2032 (USD Billion)
9.6.8.2. UAE: B2B Digital Payment Market, by Payment Mode, 2019-2032 (USD Billion)
9.6.8.3. UAE: B2B Digital Payment Market, by Transaction Type, 2019-2032 (USD Billion)
9.6.8.4. UAE: B2B Digital Payment Market, by Industry Vertical, 2019-2032 (USD Billion)
9.7. B2B Digital Payment Market – Latin America
9.7.1. Latin America: B2B Digital Payment Market, by Offering, 2019-2032 (USD Billion)
9.7.2. Latin America: B2B Digital Payment Market, by Payment Mode, 2019-2032 (USD Billion)
9.7.3. Latin America: B2B Digital Payment Market, by Transaction Type, 2019-2032 (USD Billion)
9.7.4. Latin America: B2B Digital Payment Market, by Industry Vertical, 2019-2032 (USD Billion)
9.7.5. B2B Digital Payment Market – Mexico
9.7.5.1. Mexico: B2B Digital Payment Market, by Offering, 2019-2032 (USD Billion)
9.7.5.2. Mexico: B2B Digital Payment Market, by Payment Mode, 2019-2032 (USD Billion)
9.7.5.3. Mexico: B2B Digital Payment Market, by Transaction Type, 2019-2032 (USD Billion)
9.7.5.4. Mexico: B2B Digital Payment Market, by Industry Vertical, 2019-2032 (USD Billion)
9.7.6. B2B Digital Payment Market – Brazil
9.7.6.1. Brazil: B2B Digital Payment Market, by Offering, 2019-2032 (USD Billion)
9.7.6.2. Brazil: B2B Digital Payment Market, by Payment Mode, 2019-2032 (USD Billion)
9.7.6.3. Brazil: B2B Digital Payment Market, by Transaction Type, 2019-2032 (USD Billion)
9.7.6.4. Brazil: B2B Digital Payment Market, by Industry Vertical, 2019-2032 (USD Billion)
9.7.7. B2B Digital Payment Market – Argentina
9.7.7.1. Argentina: B2B Digital Payment Market, by Offering, 2019-2032 (USD Billion)
9.7.7.2. Argentina: B2B Digital Payment Market, by Payment Mode, 2019-2032 (USD Billion)
9.7.7.3. Argentina: B2B Digital Payment Market, by Transaction Type, 2019-2032 (USD Billion)
9.7.7.4. Argentina: B2B Digital Payment Market, by Industry Vertical, 2019-2032 (USD Billion)
10. Competitive Landscape
10.1. Expansion and Acquisition Analysis
10.1.1. Expansion
10.1.2. Acquisitions
10.2. Partnerships/Collaborations/Agreements/Exhibitions
11. Company Profiles
11.1. Adyen N.V.
11.1.1. Company Overview
11.1.2. Financial Performance
11.1.3. Product Benchmarking
11.1.4. Recent Development
11.2. Billtrust
11.2.1. Company Overview
11.2.2. Financial Performance
11.2.3. Product Benchmarking
11.2.4. Recent Development
11.3. Coupa Software Inc.
11.3.1. Company Overview
11.3.2. Financial Performance
11.3.3. Product Benchmarking
11.3.4. Recent Development
11.4. Dwolla, Inc.
11.4.1. Company Overview
11.4.2. Financial Performance
11.4.3. Product Benchmarking
11.4.4. Recent Development
11.5. Earthport PLC
11.5.1. Company Overview
11.5.2. Financial Performance
11.5.3. Product Benchmarking
11.5.4. Recent Development
11.6. FLEETCOR Technologies, Inc.
11.6.1. Company Overview
11.6.2. Financial Performance
11.6.3. Product Benchmarking
11.6.4. Recent Development
11.7. Intuit Inc.
11.7.1. Company Overview
11.7.2. Financial Performance
11.7.3. Product Benchmarking
11.7.4. Recent Development
11.8. Mastercard Incorporated
11.8.1. Company Overview
11.8.2. Financial Performance
11.8.3. Product Benchmarking
11.8.4. Recent Development
11.9. Nvoicepay, Inc.
11.9.1. Company Overview
11.9.2. Financial Performance
11.9.3. Product Benchmarking
11.9.4. Recent Development
11.10. Optal Limited
11.10.1. Company Overview
11.10.2. Financial Performance
11.10.3. Product Benchmarking
11.10.4. Recent Development
11.11. Payoneer Inc.
11.11.1. Company Overview
11.11.2. Financial Performance
11.11.3. Product Benchmarking
11.11.4. Recent Development
11.12. Paytm Mobile Solutions Private Limited
11.12.1. Company Overview
11.12.2. Financial Performance
11.12.3. Product Benchmarking
11.12.4. Recent Development
11.13. PayPal Holdings, Inc.
11.13.1. Company Overview
11.13.2. Financial Performance
11.13.3. Product Benchmarking
11.13.4. Recent Development
11.14. Stripe Inc.
11.14.1. Company Overview
11.14.2. Financial Performance
11.14.3. Product Benchmarking
11.14.4. Recent Development
11.15. TransferWise Ltd. (Now known as Wise)
11.15.1. Company Overview
11.15.2. Financial Performance
11.15.3. Product Benchmarking
11.15.4. Recent Development

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