B2B Payments Market, Financial exchanges for the exchange of goods or services between two or more firms are referred to as business-to-business (B2B) payments. They offer a variety of payment alternatives and are handled through secure gateways, allowing for quicker payments, improved cash flow, and faster expansion. B2B payments are widely used in the manufacturing, information and technology (IT), telecom, metals and mining, energy and utilities, and banking, financial services, and insurance (BFSI) sectors because they are simple to trace and help eliminate ambiguity and contradiction between merchants.
Rapid digitalization and automation in B2B payment solutions have increased demand among business owners, which has propelled the expansion of the B2B payments market. The rise in cross-border transactions involving an increasing number of suppliers, wholesalers, retailers, and enterprises further anticipated the industry, which is what is driving the growth of the B2B payments market. Profitable prospects for the B2B payments market’s growth are anticipated to present themselves during the forecast period, including breakthroughs in digitalization and automation to bring transparency to B2B payments and increase partnerships between B2B payments providers and FinTech titans. The success of the company is heavily dependent on the caliber of the products and services it offers.
The research also evaluates the key market prospects and discusses the elements that are and will continue to fuel industry expansion. For the years 2020–2024, growth of the whole worldwide digital B2B payments market has also been predicted, taking into account historical growth patterns, growth drivers, and current and future trends.
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Global B2B Payments Market: Major Players
Coupa Software
SAP
Traxpay
Visa
PayPal
VocaLink (Mastercard)
Samsung
JPMorgan Chase
FleetCor Technologies
Fexco
Intuit
American Express
WEX
Google
Apple
Apruve
Square
Fundtech
GoCardless
Bottomline Technologies
Transpay
Ant Financial Services
EBA (European Banking Authority)
TransferTo
Zelle
Bill.com
Optal
Payoneer
Tenpay Technology Company
Worldpay
Global B2B Payments Market: By Types
Cross-Boundary
Non-Cross-Boundary
Global B2B Payments: By Applications
BFSI
Healthcare
Energy and Electricity
Tourism and Transport
Retail
Government/Public Sector
Other
Global B2B Payments: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global B2B Payments report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
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