B2B Digital Payment Market Report Scope & Overview:

The B2B Digital Payment Market size was valued at USD 8.0 trillion in 2024 and is expected to reach USD 27.8 trillion by 2032, growing at a CAGR of 16.79% from 2025-2032.

The B2B digital payment market growth is fueled by the increasing demand for real-time, secure, and transparent transaction methods across global enterprises. As businesses shift toward digital-first operations, digital payment platforms are replacing traditional banking and manual processes with faster, automated solutions. The rise of cross-border commerce, adoption of cloud-based services, and integration of AI and blockchain technologies further amplify this momentum. Governments and regulatory bodies are also modernizing frameworks to support digital financial infrastructure. Future innovations in embedded finance and real-time payment rails will continue to reshape the way businesses interact financially, unlocking efficiencies, improving cash flow management, and enabling seamless global trade.

According to Reports, in 2024, B2B payment transactions exceeded 15 billion globally, with digital payments accounting for 85% of these transactions.

The U.S. B2B digital payment market is witnessing robust expansion, fueled by the growing adoption of real-time payment solutions, rising demand for secure and seamless transaction processes, and the integration of advanced technologies such as AI and blockchain. Valued at approximately USD 1.2 Trillion in 2024, the market is expected to reach USD 4.6 Trillion by 2032, registering a CAGR of 17.92% over the forecast period.

B2B Digital Payment Market Dynamis

Driver

• Growing adoption of real-time payment systems enhances transaction speed and cash flow efficiency in B2B operations.

The rapid shift toward real-time payments is significantly driving the B2B digital payment market. Businesses increasingly seek faster settlement processes to enhance cash flow and streamline operations. Real-time payments reduce the risk of fraud, offer transparency, and improve liquidity, which is crucial in managing supplier and vendor relationships. Governments and financial institutions are also backing real-time infrastructure development, such as the Federal Reserve’s FedNow in the U.S. This evolution is transforming how B2B transactions are conducted, especially for small to medium-sized enterprises seeking more agility in financial operations, thus fueling the expansion of the digital B2B payment landscape.

According to Reports,  Instant payments are projected to constitute 42% of all cross-border B2B payments by 2028, amounting to approximately $16 trillion

Restraint

• Rising cybersecurity threats and fraud risks limit the full-scale adoption of digital B2B payment solutions.

Despite the advantages, the rising digitization of B2B payments also brings heightened cybersecurity threats. Businesses handling large volumes of digital transactions are vulnerable to data breaches, phishing, ransomware, and fraudulent activities. These concerns are particularly challenging for SMEs with limited cybersecurity infrastructure. Additionally, the complexity of managing secure authentication, compliance with regional data protection regulations, and safeguarding sensitive financial data can hinder adoption. Organizations may be reluctant to fully embrace digital payment systems without guaranteed protection, creating a barrier to widespread implementation and market growth unless robust and scalable security frameworks are adopted across the ecosystem.

Opportunity

• Integration of AI and blockchain offers secure, efficient, and automated B2B payment processes.

The B2B digital payment market is witnessing new avenues with the integration of the latest technologies like AI and blockchain. AI improves fraud detection, automates the invoice process, and personalizes payment experiences, while blockchain provides secure, transparent, and immutable transaction records. They help in speeding up the execution of payments and compliance processes through smart contracts. Such innovations are not only due to operational efficiency but also due to compounding trust between businesses, especially in other countries/regions. This represents a low-hanging fruit opportunity for companies investing in these technologies, since these solutions decrease costs, increase accuracy, and improve the speed of payments — a proposition that is likely to facilitate market adoption and innovation in the years to come.

Challenge

•  Fragmented global payment infrastructure and regulations hinder seamless cross-border B2B transactions.

One of the key challenges facing the B2B digital payment market is the lack of uniformity in payment systems and regulations across different countries and regions. While some nations have advanced digital infrastructure, others still rely on traditional paper-based invoicing and settlement methods. Cross-border payments often face delays due to inconsistent standards, exchange rate complexities, and regulatory hurdles. Moreover, integrating with various local banking systems and ensuring compliance with global financial laws increases costs and administrative burdens for enterprises. This fragmentation hampers scalability for global businesses, limiting the full potential of seamless B2B digital transactions worldwide.

B2B Digital Payment Market Segmentation Analysis

By Payment

The digital commerce segment dominated the market in 2024 and accounted for 58% of revenue share as it has witnessed rapid growth in online business transactions, e-commerce, and digital marketplaces. Advanced digital payment solutions are being adopted by companies to streamline order processing and provide a better customer experience, and manage cross-border transactions

The digital remittances segment is expected to register the fastest CAGR during the forecast period. The increasing demand for fast, affordable, and secure transactions across national boundaries. Due to their extremely low fees and capability of real-time transactions,  SMEs are increasingly opting for digital remittance platforms for international fund transfers. Blockchain technology and mobile-based remittance solutions are also increasingly entering the market.

By End-Use

The IT & Telecom segment dominated the market in 2024 and held the largest market share in the B2B digital payment market, as with the growing adoption of digital payment solutions for cross-border transactions and to subscribe to services, and for telecom services that involved recurring payments. Digital payments are building blocks of a healthy and frictionless economy across multiple channels, dominated by cloud services, data-driven solutions, and communication technologies, as businesses in this sector keep evolving.

For Instance, Rakuten Card plans to double its profit to 100 billion yen by entering Japan’s ¥1,100 trillion B2B payments market. Leveraging Ichiba's SME network and a Mizuho partnership, it aims to digitize traditional business payment systems.

The retail segment is projected to grow at the fastest CAGR in the B2B digital payment market owing to the increasing digitalization of retail activities. Demand for effective payment solutions is being pushed by the rising trend in digital wallets, contactless payments, and integrated point-of-sale systems.

Regional Landscape

Asia Pacific dominated the market and accounted for 38% of the B2B digital payment market share in 2024,  owing to large and diverse economies in the region, rapid digitalization, and increasing e-commerce activities. Digital payment solutions have been adopted in many sectors, such as retail and manufacturing, with more countries like China, India, and Japan leading the way as well. The region is experiencing increased mobile payments, mobile wallets, and QR code transactions that are further driving growth within the market.

China dominated the B2B digital payment market in the Asia Pacific region. The country’s robust infrastructure, rapid adoption of digital technologies, and a large number of SMEs transitioning to digital payment systems are key growth factors. China's government initiatives promoting cashless transactions and the increasing use of mobile wallets and QR payments also contribute to its market dominance.

In February 2025, American Express partnered with Alipay to allow global American Express cardholders to link their cards to the Alipay digital wallet

North America is expected to register the fastest CAGR during the forecast period, owing to well-established infrastructure, increasing acceptance of blockchain technology, and growing need for real-time payment solutions. Support for secure and efficient payment system adoption across BFSI, retail, logistics, and other industries is propelled by the region's robust banking and fintech ecosystem.

Canada is anticipated to show the fastest growth in the B2B digital payment market in North America. With the fast pace of digitalisation across the country, starting with financial and retail sectors,  there is always a need for secure, seamless, and real-time transaction systems.

For Instance, in 2024, the Bank of Canada announced plans to increase supervision of payment service providers and introduce a real-time payment system by 2026. This initiative aims to modernize the country's financial infrastructure, ensuring secure and efficient digital transactions for businesses

Europe's B2B digital payment market growth is driven by the rising need for seamless, secure, and real-time transaction systems in all sectors, including finance, retail, and logistics. Growth is being driven by the implementation of new technologies like AI, blockchain, and cloud solutions.

In Europe, the UK dominated the B2B Digital Payment Market, which is a global leader in financial infrastructure, technological innovation, and has early adoption of digital payment systems. Market growth is driven further by the increasing demand for secure and real-time payment solutions, as well as the country being a hub of fintech.

Key Players

The major key B2B Digital Payment Companies are Mastercard Inc., Visa Inc., PayPal Holdings Inc., American Express Company, Stripe Inc., Square Inc. (Block Inc.), Fiserv Inc., SAP SE, Oracle Corporation, JPMorgan Chase & Co., and others in the report

Recent Developments

• In April 2025, PayPal partnered with Coinbase to waive transaction fees for its stablecoin, PYUSD, and enabled direct redemption for U.S. dollars. This collaboration aims to boost PYUSD adoption in global payments and decentralized finance applications. ​

• In March 2025, JPMorgan collaborated with Walmart to accelerate payments for merchants on Walmart's online marketplace. This partnership allows sellers to manage payments and cash flow through JPMorgan's systems, enhancing efficiency for over 100,000 marketplace sellers. 

• In February 2025, Stripe acquired Bridge, a stablecoin platform, for USD 1.1 billion. This acquisition is part of Stripe's strategy to expand its crypto payment capabilities and offer more robust B2B payment solutions. ​

• In March 2025, Fiserv completed the acquisition of Payfare, a move that strengthens its position in the digital payment space and enhances its offerings for gig economy and B2B payment solutions.