The Market Statsville Group (MSG) publishes the new report on the "B2B Payments Market by Payment Type (Domestic Payments and Cross-Border Payments), by Enterprise Size (Small-Sized Enterprises, Medium-Sized Enterprises, and Large Enterprises), by Payment Mode (Traditional and Digital), by Industry Vertical (Manufacturing, Metals & Mining, Energy & Utilities, IT & Telecom, BFSI, and Others), by Region – Global Share and Forecast to 2030".

The global B2B payments market size is projected to grow at a CAGR of 10.7% to reach USD 2,127.9 million by 2030 from USD 950.4 million in 2021. The market's top impacting factors include growth and expansion of businesses, use of technology in the B2B payment, and increase in cross-border trading. These factors are thereby fueling the market growth. However, business losses & discontinuation reduced B2B payments, and fraud in business payments are expected to hamper the market growth. Conversely, digitalization of the payment system and growing partnership among B2B payment players and FinTech giants are major factors expected to create opportunities for the B2B payments market in the upcoming years.

Request Sample Copy of this Report: https://www.marketstatsville.com/request-sample/b2b-payments-market 

Global B2B Payments Market Segmentation

The B2B payments market has been segmented into the payment type, enterprise size, payment mode, industry vertical, and region.

• By Payment Type (Domestic Payments and Cross-Border Payments)
• By Enterprise Size (Small-Sized Enterprises, Medium-Sized Enterprises, and Large Enterprises)
• By Payment Mode (Traditional and Digital)
• By Industry Vertical (Manufacturing, Metals & Mining, Energy & Utilities, IT & Telecom, BFSI, and Others)
• By Region (North America, Europe, Asia Pacific, South America, and the Middle East & Africa)

Direct Purchase Report: https://www.marketstatsville.com/buy-now/b2b-payments-market?opt=3338 

Traditional, by payment mode, hold the largest market share during the forecast period

Based on payment mode, the B2B payment market is divided into traditional and digital. The traditional segment generated the highest revenue of 62.3% of the global B2B payments market in 2021, and it is expected to register a significant CAGR from 2022 to 2030. Business owners use several traditional payment methods such as cash and paper checks for making payments to suppliers. In addition, the increase in use of paper checks among the corporate owners owing to lower transaction fees is considered an important factor in boosting the growth of the B2B payment market.

Cash is one of the most acceptable and hassle-free payment systems across several businesses, thus most of the business owners have accepted the cash payment process to streamline the money transaction service, which drives the growth of the market. In addition, there is an increase in the adoption of traditional payment methods among the healthcare, manufacturing, and hospitality industries attributable to benefits such as no credit card fees, receiving money immediately, and reducing fraudulent activities. This boosts the growth of the market. Moreover, the traditional payment method helps business owners to pay quickly for services and goods without wasting time on recording the recipient’s financial account details, which propels market growth.

Access full Report Description, TOC, Table of Figure, Chart, etc: https://www.marketstatsville.com/table-of-content/b2b-payments-market 

North America accounts for the largest market share in B2B payments market 2021

The B2B payments market is analyzed across North America, Asia-Pacific, Europe, South America, and the Middle East & Africa. In 2021, Asia Pacific accounted for the highest market share of 41.5% in the global B2B payments market and was anticipated to maintain its dominance throughout the forecast period. Several financial technology companies across China, Japan and India have introduced advanced payment technology to the businesses. For instance, in April 2020, Harbour & Hills, one of the leading B2B cross-border payment providers in China, launched a B2B payments gateway that improves the business payment transaction process of corporate sectors, which drives the market's growth in this region.

In addition, cheques, bank transfers, demand drafts, and third-party gateways are leading traditional payment methods widely accepted among businesses across Asia-Pacific. This is considered an important factor was boosting the growth of the market in this region. Moreover, the global B2B payment market is highly fragmented in Asia-Pacific due to many key developments such as partnership, acquisition, and product development taking place in this region.

Browse complete report: https://www.marketstatsville.com/b2b-payments-market

This research report includes a study on the development and marketing strategies, along with a study on the product portfolios and winning strategies of the leading companies operating in the B2B payments market. It also consists of the profiles of leading companies such as American Express, Visa Inc., Mastercard, PayPal Holdings, Inc., Capital One, Payoneer Inc., Square, Inc., Stripe, Bank of America Corporation, and TransferWise Ltd. These market players have focused on acquisitions and expansion to gain a larger market share in the B2B payments market.

About Market Statsville Group

Market Statsville Group (MSG) is a business research and consulting platform of Statsville Consulting Private Limited, based in Oklahoma, USA. MSG is the leading market research and strategy builder with the depth and breadth of solutions that perfectly suit your every need. MSG provides solutions in a wide range of industry verticals in market sizing, analysis, and intelligent business insights. MSG has experienced research analysts who are proficient at digging deep and providing various customizable data that help you make decisions with clarity, confidence, and impact. Furthermore, Market Statsville Group already benefited more than 1,000 companies each year for their revenue planning. It helped them take their disruptions/innovations early to the market by providing them research ahead of the curve.

Contact US:

Eric Martin
800 Third Avenue Suite A #1519
New York, NY 10022
+1 (646) 663-5829 | India: +91-702-496-8807
Email: sales@marketstatsville.com
Web: https://marketstatsville.com/
LinkedIn | Facebook | Twitter