Global Corporate Flows B2B Payment Market Size Likely to Grow at a CAGR of 7.8% By 2033

As per the current market research conducted by the CMI Team, the global Corporate Flows B2B Payment Market size is expected to record a CAGR of 7.8% from 2024 to 2033. In 2024, the market size is projected to reach a valuation of USD 810,852.8 Million. By 2033, the valuation is anticipated to reach USD 1,594,082.9 Million.

Corporate Flows B2B Payment Market: Growth Factors and Dynamics

• Digital Transformation: The increasing shift towards digitalization in corporate payment processes drives growth in the B2B payment market. Companies are adopting digital payment solutions to streamline operations, reduce costs, and enhance efficiency in managing supplier payments, payroll, and other financial transactions.

• Demand for Automation: The growing demand for automation and efficiency in payment processing fuels market growth. Businesses seek B2B payment solutions that offer automation features such as invoice processing, reconciliation, and approval workflows to optimize their financial operations and reduce manual errors.

• Globalization and Cross-Border Trade: With the expansion of global business networks, there is a rising demand for cross-border B2B payment solutions. Companies engaged in international trade require efficient and cost-effective payment methods to facilitate transactions across different currencies and jurisdictions, driving market growth.

• Regulatory Compliance: Stringent regulatory requirements and compliance standards in financial transactions contribute to the adoption of secure and compliant B2B payment solutions. Companies seek solutions that adhere to regulations such as PSD2, GDPR, and Anti-Money Laundering (AML) laws, driving demand for compliant payment platforms.

• Emergence of Fintech Innovation: The rise of fintech companies and innovative payment technologies revolutionizes the B2B payment landscape. Fintech solutions offer advanced features such as real-time payments, blockchain-based settlements, and integrated analytics, catering to the evolving needs of businesses and driving market growth through innovation.

• Focus on Security and Fraud Prevention: Heightened concerns about cybersecurity and payment fraud prompt businesses to invest in secure B2B payment solutions. Technologies such as tokenization, encryption, biometric authentication, and AI-driven fraud detection systems are increasingly adopted to mitigate risks and safeguard financial transactions, driving market growth in the security-focused segment.

Corporate Flows B2B Payment Market: Partnership and Acquisitions

• In 2023, Flywire Corporation partnered with FranConnect, a leading franchise management technology provider, to enhance the payment experience for franchisors expanding their businesses. This collaboration aims to streamline payments domestically and internationally, leveraging Flywire’s global payment solutions and FranConnect’s franchise management platform.

• In 2023, ConnexPay, a European payment technology firm, developed groundbreaking real-time B2B payment solutions in British Pounds (GBP) and Euros (EUR). These innovations streamline payment acceptance and processing, catering to businesses’ needs for efficient and seamless transactions.

• In 2023, Aria, a French FinTech firm, extended its B2B Deferred Payment Infrastructure into the United Kingdom through a new office launch. This expansion enhances trade SaaS platforms and ERP systems, fosters growth in online B2B commerce, and strengthens connections with marketplaces.

Report Scope

Corporate Flows B2B Payment Market: COVID-19 Analysis

The COVID-19 pandemic has significantly impacted the Corporate Flows B2B Payment Market, with the industry experiencing both positive and negative effects. Here are some of the key impacts:

• Acceleration of Digital Transformation: The pandemic accelerated the adoption of digital payment solutions as businesses adapted to remote work and sought to minimize physical interactions. This led to increased demand for electronic invoicing, online payment platforms, and automated B2B payment processes to ensure business continuity amid lockdowns and social distancing measures.

• Financial Pressures and Cash Flow Concerns: COVID-19 caused economic disruptions and financial pressures on businesses, leading to delays in payments and cash flow challenges across supply chains. As companies focused on preserving liquidity and managing expenses, B2B payment volumes declined, impacting the revenue of payment service providers and financial institutions.

• Resumption of Economic Activities: With the gradual reopening of economies and resumption of business activities post-pandemic, B2B payment volumes are expected to rebound. Increased business transactions, recovery of trade activities, and improved consumer confidence contribute to the market’s recovery.

• Focus on Business Continuity Planning: Companies prioritize business continuity planning to mitigate future disruptions and ensure resilience in B2B payment processes. This includes diversifying payment methods, implementing digitalization initiatives, and enhancing risk management strategies to adapt to unforeseen challenges.

• Investment in Digital Payment Solutions: The pandemic underscores the importance of digital payment solutions in ensuring business resilience and operational efficiency. Businesses and financial institutions accelerate investments in digitalization, automation, and fintech innovations to optimize B2B payment processes and address evolving customer needs.

• Enhanced Collaboration and Partnerships: Collaboration between businesses, fintech companies, and financial institutions strengthens the B2B payment ecosystem. Partnerships facilitate the development of innovative payment solutions, cross-border payment networks, and value-added services that address emerging market demands and support recovery efforts.

• Emphasis on Security and Fraud Prevention: Heightened cybersecurity threats during the pandemic underscore the importance of robust security measures in B2B payments. Businesses invest in advanced authentication methods, encryption technologies, and fraud detection solutions to safeguard transactions and rebuild trust in digital payment platforms.

In conclusion, the COVID-19 pandemic has had a mixed impact on the Corporate Flows B2B Payment Market, with some challenges and opportunities arising from the pandemic.

List of the prominent players in the Corporate Flows B2B Payment Market:

• PayPal Holdings Inc.
• Square Inc.
• Adyen N.V.
• Stripe Inc.
• Fiserv Inc.
• Mastercard Incorporated
• Visa Inc.
• American Express Company
• Bank of America Corporation
• JPMorgan Chase & Co.
• Citigroup Inc.
• Wells Fargo & Company
• Alibaba Group Holding Limited
• Tencent Holdings Limited
• TransferWise Ltd.
• Others

The Corporate Flows B2B Payment Market is segmented as follows:

By Payment Method

• Automated Clearing House (ACH) Payments
• Wire Transfers
• Electronic Data Interchange (EDI)
• Card Payments
• Virtual Card Payments
• Mobile Payments
• Blockchain-based Payments

By Industry Vertical

• Healthcare
• Manufacturing
• Retail
• Transportation and Logistics
• Energy and Utilities
• IT and Telecommunications
• Banking and Financial Services
• Government and Public Sector
• Others

By Transaction Type

• Domestic Payments
• Cross-Border Payments

By Company Size

• Small and Medium-sized Enterprises (SMEs)
• Large Enterprises

Regional Coverage:

North America

• U.S.
• Canada
• Mexico
• Rest of North America

Europe

• Germany
• France
• U.K.
• Russia
• Italy
• Spain
• Netherlands
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• New Zealand
• Australia
• South Korea
• Taiwan
• Rest of Asia Pacific

The Middle East & Africa

• Saudi Arabia
• UAE
• Egypt
• Kuwait
• South Africa
• Rest of the Middle East & Africa

Latin America

• Brazil
• Argentina
• Rest of Latin America