B2B Payments Transaction Market (By Transaction Type: Traditional, Digital; By Business Segment: Small Sized Business, Medium Sized Business, Large Sized Business; By Operating Channel: Cross Border, Domestic) – Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026

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The global B2B Payments Transaction market size is poised to reach around US$ 63,084 Bn by 2026 and is expected to register a CAGR of 6% over the forecast period 2019 to 2026.

B2B payments are payments between two merchants for goods and services. Paper checks are still the most popular payment method for businesses. A digital B2B payment solution is a speed payment method, which all can enhance the cash flow of a company, including issuing, receiving and processing systems.

Market Dynamics

Factors that are expected to propel the growth of target market are growing trade activities across the globe, increase in number of online payment activities and initiatives from the government of developing countries for cashless economy. Consumer’s preference towards online payment is increasing as it lower the risk of carrying money, or loss. Availability of smart application from banks and other players makes it easy for them to carry out daily transition online.

Moreover, technological shift towards digitalization, growing consumer’s preference for instant and real time payment system is expected to support the growing market traction to a certain extent. Bank is providing various applications for instant payment settlement with high transparency. As this lower the cost associated to credit card, debit card, and other membership fees. In 2016, Indian Banks Association launched the Unified Payments Interface (UPI) and the NPCI developed the Bharat Interface for Money (BHIM) app. UPI manages multiple bank accounts within one mobile application of any participating bank. In addition, availability of advanced infrastructure in order to support safe and reliable transaction is another important supporting the market growth.

However, incidences related to identity and data theft resulting in loss of money is a major factor hampering the market growth. Presence of phishing website from hackers and availability of high speed internet make it easy for hackers to steal data of consumers. According to World Economic Forum, two billion data records were compromised in 2017, and more than 4.5 billion records were breached in the first half of 2018.

High government spending in order to strengthen the online payment system and growing cross-border payments, coupled with approach towards improving the cross-border payment that lagged in terms of efficiency and transparency are some factors creating revenue opportunities for market players.

Among the transaction type segment the digital segment is gaining traction due to digitalization approach from the government of developing countries. From the total UPI transactions around 16.5 Mn transactions amounting to INR 6,8872.57 crore were done through the BHIM app. The interface handled 93,000 transactions worth US$ 30 Mn for 21 banks.

Segment Analysis by Region

North America is expected to account for high revenue share due to availability of advanced infrastructure in order to facilitate online payment. Canada is the world's second largest user of per capita credit cards, and its POS environment was dominated by B2B payment transaction credit cards in 2016. During this era, credit card ownership extended to more than 90 percent of adult Canadians, while there was a powerful overall trend away from paper payment types–such as checks–to electronics. Because of benefits and comfort, credit cards have increased in popularity in big part.

High government spending on securing the transaction network, along with availability of standard regulation related to online payment is expected to support the growth of the market in this region.

Asia Pacific market is expected to witness faster growth due to high penetration of smart phone, internet, and high spending capacity of customers. In addition, major players approach towards developing countries in order to track the untapped market is expected to further support the regional market growth.

Competitive Landscape

B2B payment transaction market is highly competitive as major players are providing various cash back offers and discounts on every transaction in order to attract more customer and increase customer base. Moreover, inclination towards strategic business agreements in the developing countries to track untapped market in order to increase the profit is expected to further increasing the competitive scenario.

Report coverage

Market

 Global B2B Payments Transaction Market

Analysis Period

2015 – 2026

Base Year

2018

Forecast Data

2019 – 2026

Market Stratification

Transaction Type, Business Segment, Operating Channel, and Geography

Regional Scope

North America, Europe, Asia Pacific, Latin America, and Middle East & Africa

Report Coverage

Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis

 

The market research study on “B2B Payments Transaction Market (Transaction Type: Traditional and Digital; Business Segment: Small Sized Business, Medium Sized Business, and Large Sized Business; Operating Channel: Cross Border and

Domestic) – Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026”, offers a detailed insights on the global B2B payments transaction market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report provides insights on global B2B payments transaction market, transaction type, business segment, operating channel segment and major geographic regions. The report covers basic development policies and layouts of technology development processes. Secondly, the report covers global B2B payments transaction market size and segment markets by transaction type, business segment, operating channel, and geography along with the information on companies operating in the market. The B2B payments transaction market analysis is provided for major regional markets including North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. For each region, the market size for different segments has been covered under the scope of report. The players profiled in the report include American Express Co. Inc., Ant Financial Services Co. Ltd., Bottomline Technologies Inc., Coupa Software Inc., FleetCor Technologies Inc., Intuit Inc., JPMorgan Chase & Co., MasterCard Inc., and SAP

Market Segmentation

Market By Transaction Type

  • Traditional
  • Digital

Market By Business Segment

  • Small Sized Business
  • Medium Sized Business
  • Large Sized Business

Market By Operating Channel

  • Cross Border
  • Domestic

Market By Region

North America

  • US
  • Canada

Europe

  • UK
  • Germany
  • France
  • Spain
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia Pacific

Latin America

  • Brazil
  • Mexico
  • Rest if Latin America

Middle East & Africa

  • GCC
  • South Africa
  • Rest of Meddle East & Africa


Frequently Asked Questions

The global B2B payment transaction market in 2018 was above US$ 38,000 Bn.

In the operating channel segment the cross border segment is growing at faster pace.

The CAGR of the global B2B payment transaction market from 2019-2026 is above 6%.

Among the business type segment the large size business segment accounts for high revenue share.

Some of the players considered in the report scope are American Express Co. Inc., Ant Financial Services Co. Ltd., Bottomline Technologies Inc., and Coupa Software Inc.

Cross Border and Domestic are the operating channel of B2B payment transaction market.

Asia Pacific market is expected to witness faster growth due to high penetration of smart phone, internet, and high spending capacity of customers.

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