B2B Payment Transaction Market to Reach Approximately USD 63,084 Billion by 2027
The global B2B Payment Transaction Market Size is anticipated to around USD 63,084 Bn by 2027 and the market is anticipated to grow with 6% CAGR during the forecast time period. The report has highlights of global key players present in this market. Top global players are analyzed completely along with their financials, technological innovations, key developments, apart from future strategies, SWOT analysis, acquisitions & mergers, and market footprint.
B2B payments are payments between two merchants for goods and services. Paper checks are still the most popular payment method for businesses. A digital B2B payment solution is a speed payment method, which all can enhance the cash flow of a company, including issuing, receiving and processing systems. In the typical supply chain, business to business transactions are prevalent, when businesses buy parts and goods for use in production procedures, such as other raw materials. Finished products can be marketed to people through transactions between the business and the consumer.
In 2018 North America market accounts for high revenue share due to high consumers spending capacity on food and entertainment services, coupled with availability of advanced internet infrastructure for smart payment options. In addition, presence of major service providers operating in the country such as US and Canada is expected to support the regional market growth.
Gradual increase in income along with increase in consumer spending on goods and services are major factors expected to augment the market growth. Government of developed and developing are focused on development of payment infrastructure in order to facilitate the digital economy approach along with introduction of various application which are factors positively impacting the global B2B payment market growth. In 2016, Indian Banks Association launched the Unified Payments Interface (UPI) and the NPCI developed the Bharat Interface for Money (BHIM) app. UPI manages multiple bank accounts within one mobile application of any participating bank.
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Moreover, factors such as high internet penetration, growing smart phones adoption is slowly increasing consumerβs preference for mobile payments through various applications which is expected to further support the market growth. In 2016 from the total UPI transactions around 16.5 Mn transactions amounting to INR 68,872.57 Cr were done through the BHIM app. The interface handled 93,000 transactions worth US$ 30 Mn for 21 banks.
However, rising threats/activities related to data theft and lack of regulatory scenario related to overseas payment are factors hamper the market growth. With easy access to high speed internet hacker can easily to track and steal the data. According to World Economic Forum, two billion data records were compromised in 2017, and more than 4.5 billion records were breached in the first half of 2018. In addition, limited visibility of end-to-end transaction related to multiple payments, inculcation of extra costs, chargebackβs, and payment cycle disruption is resulting in lower preference for B2B payment methods. Limited transaction transparency is another factor expected to limit the growth of the market.
Government is spending high on cyber security, developing government regulations related to cyber crime and improved infrastructure are factors creating revenue opportunities for target market players. In addition, flourishing e-commerce sector and with the advent of new technology such as big data analytics, AI, blockchain is expected to help entrepreneurs simplify the B2B payment system further supporting the revenue growth of market.
Major players operating in the global b2b payment transaction market are American Express Co. Inc., Ant Financial Services Co. Ltd., Bottomline Technologies Inc., Coupa Software Inc., FleetCor Technologies Inc., Intuit Inc., JPMorgan Chase & Co., MasterCard Inc., and SAP. The competitive scenario in the market is high as there is high presence of players operating in the market. Major players inclination towards increasing their customer base and improve the customer experience is expected to further increase the competition.
Key Findings
The global b2b payment transaction market was valued at around US$ 63,084 Bn in 2026. Among the transaction type segment the digital segment is expected to contribute significant revenue shares in the market globally.
Market Segmentation
Market By Transaction Type
- Traditional
- Digital
Market By Business Segment
- Small Sized Business
- Medium Sized Business
- Large Sized Business
Market By Operating Channel
- Cross Border
- Domestic
Market By Region
North America
- US
- Canada
Europe
- UK
- Germany
- France
- Spain
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia Pacific
Latin America
- Brazil
- Mexico
- Rest if Latin America
Middle East & Africa
GCC
- South Africa
- Rest of Middle East & Africa
TABLE OF CONTENT
CHAPTER 1. INDUSTRY OVERVIEW
1.1. Definition and Scope
1.1.1. Definition of B2B Payments Transaction
1.1.2. Market Segmentation
1.1.3. List of Abbreviations
1.2. Summary
1.2.1. Market Snapshot
1.2.2. B2B Payments Transaction Market By Transaction Type
1.2.2.1. Global B2B Payments Transaction Market Revenue and Growth Rate Comparison By Transaction Type (2015-2026)
1.2.2.2. Global B2B Payments Transaction Market Revenue Share By Transaction Type in 2018
1.2.2.3. Traditional
1.2.2.4. Digital
1.2.3. B2B Payments Transaction Market By Business Segment
1.2.3.1. Global B2B Payments Transaction Market Revenue and Growth Rate Comparison By Business Segment (2015-2026)
1.2.3.2. Small Sized Business
1.2.3.3. Medium Sized Business
1.2.3.4. Large Sized Business
1.2.4. B2B Payments Transaction Market By Operating Channel
1.2.4.1. Global B2B Payments Transaction Market Revenue and Growth Rate Comparison By Operating Channel (2015-2026)
1.2.4.2. Cross Border
1.2.4.3. Domestic
1.2.5. B2B Payments Transaction Market By Geography
1.2.5.1. Global B2B Payments Transaction Market Revenue and Growth Rate Comparison By Geography (2015-2026)
1.2.5.2. North America B2B Payments Transaction Market Revenue and Growth Rate(2015-2026)
1.2.5.3. Europe B2B Payments Transaction Market Revenue and Growth Rate(2015-2026)
1.2.5.4. Asia-Pacific B2B Payments Transaction Market Revenue and Growth Rate(2015-2026)
1.2.5.5. Latin America B2B Payments Transaction Market Revenue and Growth Rate(2015-2026)
1.2.5.6. Middle East and Africa (MEA) B2B Payments Transaction Market Revenue and Growth Rate(2015-2026)
CHAPTER 2. MARKET DYNAMICS AND COMPETITION ANALYSIS
2.1. Market Drivers
2.2. Restraints and Challenges
2.3. Growth Opportunities
2.4. Porterβs Five Forces Analysis
2.4.1. Bargaining Power of Suppliers
2.4.2. Bargaining Power of Buyers
2.4.3. Threat of Substitute
2.4.4. Threat of New Entrants
2.4.5. Degree of Competition
2.5. Value Chain Analysis
2.6. Cost Structure Analysis
2.6.1. Raw Material and Suppliers
2.6.2. Manufacturing Process Analysis
2.7. Regulatory Compliance
2.8. Competitive Landscape, 2018
2.8.1. Player Positioning Analysis
2.8.2. Key Strategies Adopted By Leading Players
CHAPTER 3. MANUFACTURING PLANTS ANALYSIS
3.1. Capacity and Commercial Production Date of Global B2B Payments Transaction Major Manufacturers in 2018
3.2. Manufacturing Plants Distribution of Global B2B Payments Transaction Major Manufacturers in 2018
3.3. R&D Status and Technology Source of Global B2B Payments Transaction Major Manufacturers in 2018
3.4. Raw Materials Sources Analysis of Global B2B Payments Transaction Major Manufacturers in 2018
CHAPTER 4. B2B Payments Transaction MARKET By Transaction Type
4.1. Global B2B Payments Transaction Revenue By Transaction Type
4.2. Traditional
4.2.1. Market Revenue and Growth Rate, 2015 β 2026 ($Million)
4.2.2. Market Revenue and Forecast, By Region, 2015 β 2026 ($Million)
4.3. Digital
4.3.1. Market Revenue and Growth Rate, 2015 β 2026 ($Million)
4.3.2. Market Revenue and Forecast, By Region, 2015 β 2026 ($Million)
CHAPTER 5. B2B Payments Transaction MARKET By Business Segment
5.1. Global B2B Payments Transaction Revenue By Business Segment
5.2. Small Sized Business
5.2.1. Market Revenue and Growth Rate, 2015 β 2026 ($Million)
5.2.2. Market Revenue and Forecast, By Region, 2015 β 2026 ($Million)
5.3. Medium Sized Business
5.3.1. Market Revenue and Growth Rate, 2015 β 2026 ($Million)
5.3.2. Market Revenue and Forecast, By Region, 2015 β 2026 ($Million)
5.4. Large Sized Business
5.4.1. Market Revenue and Growth Rate, 2015 β 2026 ($Million)
5.4.2. Market Revenue and Forecast, By Region, 2015 β 2026 ($Million)
CHAPTER 6. B2B Payments Transaction MARKET By Operating Channel
6.1. Global B2B Payments Transaction Revenue By Operating Channel
6.2. Cross Border
6.2.1. Market Revenue and Growth Rate, 2015 β 2026 ($Million)
6.2.2. Market Revenue and Forecast, By Region, 2015 β 2026 ($Million)
6.3. Domestic
6.3.1. Market Revenue and Growth Rate, 2015 β 2026 ($Million)
6.3.2. Market Revenue and Forecast, By Region, 2015 β 2026 ($Million)
CHAPTER 7. NORTH AMERICA B2B Payments Transaction MARKET BY COUNTRY
7.1. North America B2B Payments Transaction Market Revenue and Growth Rate, 2015 β 2026 ($Million)
7.2. North America B2B Payments Transaction Market Revenue Share Comparison, 2015 & 2026 (%)
7.3. U.S.
7.3.1. U.S. B2B Payments Transaction Market Revenue and Forecast By Transaction Type, 2015 β 2026 ($Million)
7.3.2. Market Revenue and Forecast By Business Segment, 2015 β 2026 ($Million)
7.3.3. Market Revenue and Forecast By Operating Channel, 2015 β 2026 ($Million)
7.4. Canada
7.4.1. Market Revenue and Forecast By Transaction Type, 2015 β 2026 ($Million)
7.4.2. Market Revenue and Forecast By Business Segment, 2015 β 2026 ($Million)
7.4.3. Market Revenue and Forecast By Operating Channel, 2015 β 2026 ($Million)
CHAPTER 8. EUROPE B2B Payments Transaction MARKET BY COUNTRY
8.1. Europe B2B Payments Transaction Market Revenue and Growth Rate, 2015 β 2026 ($Million)
8.2. Europe B2B Payments Transaction Market Revenue Share Comparison, 2015 & 2026 (%)
8.3. UK
8.3.1. Market Revenue and Forecast By Transaction Type, 2015 β 2026 ($Million)
8.3.2. Market Revenue and Forecast By Business Segment, 2015 β 2026 ($Million)
8.3.3. Market Revenue and Forecast By Operating Channel, 2015 β 2026 ($Million)
8.4. Germany
8.4.1. Market Revenue and Forecast By Transaction Type, 2015 β 2026 ($Million)
8.4.2. Market Revenue and Forecast By Business Segment, 2015 β 2026 ($Million)
8.4.3. Market Revenue and Forecast By Operating Channel, 2015 β 2026 ($Million)
8.5. France
8.5.1. Market Revenue and Forecast By Transaction Type, 2015 β 2026 ($Million)
8.5.2. Market Revenue and Forecast By Business Segment, 2015 β 2026 ($Million)
8.5.3. Market Revenue and Forecast By Operating Channel, 2015 β 2026 ($Million)
8.6. Spain
8.6.1. Market Revenue and Forecast By Transaction Type, 2015 β 2026 ($Million)
8.6.2. Market Revenue and Forecast By Business Segment, 2015 β 2026 ($Million)
8.6.3. Market Revenue and Forecast By Operating Channel, 2015 β 2026 ($Million)
8.7. Rest of Europe
8.7.1. Market Revenue and Forecast By Transaction Type, 2015 β 2026 ($Million)
8.7.2. Market Revenue and Forecast By Business Segment, 2015 β 2026 ($Million)
8.7.3. Market Revenue and Forecast By Operating Channel, 2015 β 2026 ($Million)
CHAPTER 9. ASIA-PACIFIC B2B Payments Transaction MARKET BY COUNTRY
9.1. Asia-Pacific B2B Payments Transaction Market Revenue and Growth Rate, 2015 β 2026 ($Million)
9.2. Asia-Pacific B2B Payments Transaction Market Revenue Share Comparison, 2015 & 2026 (%)
9.3. China
9.3.1. Market Revenue and Forecast By Transaction Type, 2015 β 2026 ($Million)
9.3.2. Market Revenue and Forecast By Business Segment, 2015 β 2026 ($Million)
9.3.3. Market Revenue and Forecast By Operating Channel, 2015 β 2026 ($Million)
9.4. Japan
9.4.1. Market Revenue and Forecast By Transaction Type, 2015 β 2026 ($Million)
9.4.2. Market Revenue and Forecast By Business Segment, 2015 β 2026 ($Million)
9.4.3. Market Revenue and Forecast By Operating Channel, 2015 β 2026 ($Million)
9.5. India
9.5.1. Market Revenue and Forecast By Transaction Type, 2015 β 2026 ($Million)
9.5.2. Market Revenue and Forecast By Business Segment, 2015 β 2026 ($Million)
9.5.3. Market Revenue and Forecast By Operating Channel, 2015 β 2026 ($Million)
9.6. Australia
9.6.1. Market Revenue and Forecast By Transaction Type, 2015 β 2026 ($Million)
9.6.2. Market Revenue and Forecast By Business Segment, 2015 β 2026 ($Million)
9.6.3. Market Revenue and Forecast By Operating Channel, 2015 β 2026 ($Million)
9.7. South Korea
9.7.1. Market Revenue and Forecast By Transaction Type, 2015 β 2026 ($Million)
9.7.2. Market Revenue and Forecast By Business Segment, 2015 β 2026 ($Million)
9.7.3. Market Revenue and Forecast By Operating Channel, 2015 β 2026 ($Million)
9.8. Rest of Asia-Pacific
9.8.1. Market Revenue and Forecast By Transaction Type, 2015 β 2026 ($Million)
9.8.2. Market Revenue and Forecast By Business Segment, 2015 β 2026 ($Million)
9.8.3. Market Revenue and Forecast By Operating Channel, 2015 β 2026 ($Million)
CHAPTER 10. LATIN AMERICA B2B Payments Transaction MARKET BY COUNTRY
10.1. Latin America B2B Payments Transaction Market Revenue and Growth Rate, 2015 β 2026 ($Million)
10.2. Latin America B2B Payments Transaction Market Revenue Share Comparison, 2015 & 2026 (%)
10.3. Brazil
10.3.1. Market Revenue and Forecast By Transaction Type, 2015 β 2026 ($Million)
10.3.2. Market Revenue and Forecast By Business Segment, 2015 β 2026 ($Million)
10.3.3. Market Revenue and Forecast By Operating Channel, 2015 β 2026 ($Million)
10.4. Mexico
10.4.1. Market Revenue and Forecast By Transaction Type, 2015 β 2026 ($Million)
10.4.2. Market Revenue and Forecast By Business Segment, 2015 β 2026 ($Million)
10.4.3. Market Revenue and Forecast By Operating Channel, 2015 β 2026 ($Million)
10.5. Rest of Latin America
10.5.1. Market Revenue and Forecast By Transaction Type, 2015 β 2026 ($Million)
10.5.2. Market Revenue and Forecast By Business Segment, 2015 β 2026 ($Million)
10.5.3. Market Revenue and Forecast By Operating Channel, 2015 β 2026 ($Million)
CHAPTER 11. MIDDLE EAST & AFRICA B2B Payments Transaction MARKET BY COUNTRY
11.1. Middle East & Africa B2B Payments Transaction Market Revenue and Growth Rate, 2015 β 2026 ($Million)
11.2. Middle East & Africa B2B Payments Transaction Market Revenue Share Comparison, 2015 & 2026 (%)
11.3. GCC
11.3.1. Market Revenue and Forecast By Transaction Type, 2015 β 2026 ($Million)
11.3.2. Market Revenue and Forecast By Business Segment, 2015 β 2026 ($Million)
11.3.3. Market Revenue and Forecast By Operating Channel, 2015 β 2026 ($Million)
11.4. South Africa
11.4.1. Market Revenue and Forecast By Transaction Type, 2015 β 2026 ($Million)
11.4.2. Market Revenue and Forecast By Business Segment, 2015 β 2026 ($Million)
11.4.3. Market Revenue and Forecast By Operating Channel, 2015 β 2026 ($Million)
11.5. Rest of Middle East & Africa
11.5.1. Market Revenue and Forecast By Transaction Type, 2015 β 2026 ($Million)
11.5.2. Market Revenue and Forecast By Business Segment, 2015 β 2026 ($Million)
11.5.3. Market Revenue and Forecast By Operating Channel, 2015 β 2026 ($Million)
CHAPTER 12. COMPANY PROFILE
12.1. American Express Co. Inc.
12.1.1. Company Snapshot
12.1.2. Overview
12.1.3. Financial Overview
12.1.4. Type Portfolio
12.1.5. Key Developments
12.1.6. Strategies
12.2. Ant Financial Services Co. Ltd.
12.2.1. Company Snapshot
12.2.2. Overview
12.2.3. Financial Overview
12.2.4. Type Portfolio
12.2.5. Key Developments
12.2.6. Strategies
12.3. Bottomline Technologies Inc.
12.3.1. Company Snapshot
12.3.2. Overview
12.3.3. Financial Overview
12.3.4. Type Portfolio
12.3.5. Key Developments
12.3.6. Strategies
12.4. Coupa Software Inc.
12.4.1. Company Snapshot
12.4.2. Overview
12.4.3. Financial Overview
12.4.4. Type Portfolio
12.4.5. Key Developments
12.4.6. Strategies
12.5. FleetCor Technologies Inc.
12.5.1. Company Snapshot
12.5.2. Overview
12.5.3. Financial Overview
12.5.4. Type Portfolio
12.5.5. Key Developments
12.5.6. Strategies
12.6. Intuit Inc.
12.6.1. Company Snapshot
12.6.2. Overview
12.6.3. Financial Overview
12.6.4. Type Portfolio
12.6.5. Key Developments
12.6.6. Strategies
12.7. JPMorgan Chase & Co.
12.7.1. Company Snapshot
12.7.2. Overview
12.7.3. Financial Overview
12.7.4. Type Portfolio
12.7.5. Key Developments
12.7.6. Strategies
12.8. MasterCard Inc.
12.8.1. Company Snapshot
12.8.2. Overview
12.8.3. Financial Overview
12.8.4. Type Portfolio
12.8.5. Key Developments
12.8.6. Strategies
12.9. SAP
12.9.1. Company Snapshot
12.9.2. Overview
12.9.3. Financial Overview
12.9.4. Type Portfolio
12.9.5. Key Developments
12.9.6. Strategies
12.10. Others
12.10.1. Company Snapshot
12.10.2. Overview
12.10.3. Financial Overview
12.10.4. Type Portfolio
12.10.5. Key Developments
12.10.6. Strategies
CHAPTER 13. RESEARCH APPROACH
13.1. Research Methodology
13.1.1. Initial Data Search
13.1.2. Secondary Research
13.1.3. Primary Research
13.2. Assumptions and Scope
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