What is B2B Digital Payment- Market?
B2b payments is the transfer of value denominated in currency from buyer to supplier for goods or services. B2b payments can be a one-time or recurring transaction depending on the contractual agreement made between the buyer and supplier. B2b businesses are moving toward paperless transactions to simplify the process and improve the overall experience for both the buyer and the seller. Increase in the use of technology in b2b payments and the rapid development of the domestic SMEs & medium-sized companies engaging in massive trades this factors driving the growth of the b2b digital payment
Highlights from B2B Digital Payment- Market Study
|Unit||Value (USD Million)|
|Key Companies Profiled||Pioneer Inc. (Japan), PayPal Holdings Inc. (United States), Square Inc. (United States), Stripe (Ireland), TransferWise Ltd. (United Kingdom), Visa Inc. (United States), Capital One (United States), Mastercard (United States), ACI Worldwide Inc. (United States) and Global Payments Inc. (United States)|
The global b2b digital payment market is fragmented due to its well-established industry. The major market players are actively considering new launches and base expansion. The players ae focusing on technological advancement and the rapid development in the domestic SMEs & medium-sized enterprises. The companies are also planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global B2B Digital Payment- market throughout the forecasted period. Pioneer Inc. (Japan), PayPal Holdings Inc. (United States), Square Inc. (United States), Stripe (Ireland), TransferWise Ltd. (United Kingdom), Visa Inc. (United States), Capital One (United States), Mastercard (United States), ACI Worldwide Inc. (United States) and Global Payments Inc. (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Affirm (United States), Ripple (United States), Affinipay (United States), Billd (United States) and Clover Network (United States).
B2B Digital Payment- Market Segmentation:
|Application / End User||SMEs and Large Enterprises|
|Type||Paper Checks, Ach Payments, Wire Transfers, Credit Cards and Others|
On the basis of geography, the market of B2B Digital Payment- has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Rising Partnership among the Fintech Companies
- Rise of Flexible Digital Payments Methods
- Growing Adoption towards the of E-commerce Industry
- Increasing demand due to digital Adoption and Investments
- Growing Endorsement due to artificial intelligence
- High Risk Associated with Large Quantity of Goods
- Lack of Regulation on Cross Border Trading
- Issues related to Cyber attacks
- Rapid Development in the Domestic SMEs & Medium-Sized Enterprises
- Advancement and Development in B2B Digital Payment System Technology
- Lack of Money Flow, Transparency & Tracking
Market Leaders & Development Strategies
On 26th April 2022, BigCommerce announced the acquisition of the BundleB2B, while the businesses need to be reimbursed simply for their claims. Also, Pakistan’s NIFT and M10 team up on B2B payments, and application programming interfaces can help with the changing bill pay needs of businesses. Further BigCommerce’s ability to deliver dynamic powerful e-commerce functionality at B2B merchants at a time when B2B e-commerce continues to boom.
On 24th June 2021, Paystand is a leader in blockchain-enabled B2B payments announced and the launch of the smart lockbox, which is the digital-first alternative to traditional lockbox services. While interest in cryptocurrency and digital payments is on the rise for consumers, paper checks, all the payment volume. This smart lockbox lets the businesses shift their remaining paper-based payments to faster, cheaper, and more secure digital alternatives by giving their customers a seamless one-click migration experience.
Key Target AudienceB2B Digital Payment service Providers, New Entrants, Regulatory Bodies, Potential Investors, Research and Development Institutes and Others
Frequently Asked Questions (FAQ):
Which factors would majorly drive the B2B Digital Payment- Market?
"Rising Partnership among the Fintech Companies
" is seen as one of major growth factors of B2B Digital Payment- Market in years to come.
Can we have customized study for B2B Digital Payment- Market?
The Study can be customized subject to feasibility and data availability. Please connect with our sales representative for further information.
Which region will lead the Global B2B Digital Payment- Market?
United States will lead B2B Digital Payment- Market in coming years.
Why are some of the known companies left out of the B2B Digital Payment- Market report?
The B2B Digital Payment- market study includes a random mix of players, including both market leaders and some top growing emerging players. Connect with our sales executive to get a complete of companies available in our research coverage.