B2B Digital Payment Market Update Report 2024| Industry Trends, Demand, Leading Companies and Segmentation till 2031/ PayPal, Inc., Fiserv, Inc., Mastercard International, Inc., Stripe, Inc., Inc., and Visa, Inc. PayPal, Inc., Fiserv, Inc., Mastercard Int

Global B2B digital payment market is anticipated to grow at a CAGR of 15.8% during the forecast period (2023-2030). Rising demand for B2B digital payment in various Industries propelled the market growth. B2B is one of the fastest-growing segments for new and established companies. The main reason is the numerous opportunities in digital businesses can provide wholesale products, retailer goods, services or distribution and flexible payment options as well. Cards and digital wallets dominate e-commerce payments but there are alternative payment methods through, internet. According to UN trade and UNCTAD, the e-commerce sector rise in its retail sales, from 16 per cent to 19 per cent in 2020. UK also saw a spike in online transactions over the same period, from 15.8 to 23.3 per cent, so too did China (from 20.7 to 24.9%), the US (11 to 14%), Australia (6.3 to 9.4%) and Canada (3.6 to 6.2%). Retailers are now also focusing on providing innovative payment solutions for customers. For instance, in October 2020, Klarna announced its partnership with Afterpay, a payment solution provider, to provide buy now pay later services for online customers. Klarna and Afterpay both provide service like breaking payments up or pushing them to a later date which also makes easy for merchants to order in bulk amount.

A single solution for payments and payouts can simplify B2B payments for business. Companies coming up with different solution for B2B merchants helps them to do their business easily. Market player such as Mastercard has been working to educate merchants provide low-cost payment acceptance solutions, and provide last-mile support to merchants as they begin their digital onboarding. For instance, in July 2020, Mastercard India, Axis Bank Ltd and payment service provider, Worldline India, have partnered to launch a digital point-of-sale solution, Soft POS, to help offline merchant's stores accept payments using their smartphones. To enhance contactless payments in the country, the system enables merchants to accept payments via various digital form factors such as Bharat QR, provide payment links to customers, and even accept NFC-based payments. Mastercard has also teamed with Zoho Corp. to assist large-volume merchants in filing their goods and services tax reports, among other services.

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Market Coverage

The market number available for - 2023-2031
Base year- 2023
Forecast period- 2024-2031

Segment Covered- 

By Solution
By Payment Method
By Industry Vertical
By Transaction Type

Regions Covered-

North America
Europe
Asia-Pacific
Rest of the World
Competitive Landscape- Includes PayPal, Inc., Fiserv, Inc., Mastercard International, Inc., Stripe, Inc., Inc., and Visa, Inc., among others.

A full Report of B2B Digital Payment Market is Available @  https://www.omrglobal.com/industry-reports/b2b-digital-payment-market

B2B Digital Payment Market Report Segment

By Solution

Payment Gateway
Payment Processing
Mobile payment Application
Others (Transaction Risk Management and Payment Security & Fraud Management)

By Payment Method

Bank Cards (Credit card, Debit card, Virtual card)
Digital Wallet
Net Banking
Others (Digital Currencies, Point of Sales)

By Industry Vertical

BFSI 
Retail and E-commerce
Healthcare
IT and Telecom
Travel and Hospitality
Media & Entertainment
Transportation
Others (Government and Public Sector, Manufacturing) 

By Transaction Type

Domestic 
Cross-border

B2B Digital Payment Market Report Segment by Region

North America                                                                                                           

United States
Canada

Europe

UK
Germany
Spain
France
Italy
Rest of Europe

Asia-Pacific

India
China
Japan
South Korea
Rest of APAC

Rest of the World

Latin America
Middle East and Africa 

Company Profiles

ACI Worldwide, Inc. 
BharatPe
EBANX 
FIS
Global Payments Inc.
Helcim, Inc. 
HighRadius Corp.
USPAY Group, LLC
MatchMove Pay Pte Ltd.
Payoneer Inc.
Pay Set Limited
Paystand Paystand, Inc.
Paytm 
Ramp Business Corp.
Rapyd Financial Network Ltd.
Razorpay 
Ripple
Stax 
Terra 

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More than 120 countries are for analysis.
Over 100+ paid data sources mined for investigation.
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