To learn more about this report, request sample copy
North America has remained the dominant region with 41.2% in2024 of the global B2B payments transaction market over the past decade. The region boasts a strong presence of payment processors and financial technology companies that offer various payment solutions catered towards businesses. The digital payment infrastructure and acceptance rates are highly developed here, allowing for seamless B2B transactions both domestically and cross-border. In addition, supportive regulations by governing bodies have helped create a conducive environment for electronic B2B payments to thrive. Industrial sectors like manufacturing, retail, healthcare that involve significant B2B activity are well established in the region. This has sustainably driven the utility of digital B2B payments for procurement, payables, receivables and others on a large scale.
The Asia Pacific region has emerged as the fastest growing market for B2B payments globally in recent years. Rapid digitalization of businesses combined with rising internet and smartphone penetration have accelerated the shift from traditional to electronic B2B payment methods. Cross-border B2B transactions between Asia Pacific countries as well as with North America and Europe are increasing at a breakneck pace. This is strengthening the business case for payment solutions tailored to B2B commerce. Several global payment providers have augmented their presence in developing markets within Asia Pacific to tap rising demand from SME and large enterprise segments. Regional players are also introducing new age payment products to gain ground in the energetic commercial landscape of Asia Pacific. The confluence of economic growth, regional trading and digital transformation continue to propel the B2B payments transaction market in Asia Pacific ahead of other regions.
B2B Payments Transaction Market Report Snapshots
Joining thousands of companies around the world committed to making the Excellent Business Solutions.
View All Our Clients