Corporate Flows B2B Payment Market Size till 2035 ($3.54 Trillion)

Corporate Flows B2B Payment Market size was USD 1.19 trillion in 2023 and is estimated to record more than 7.9% CAGR from 2024 to 2032.

The ongoing innovations and convergence of technological breakthroughs like blockchain, Artificial Intelligence (AI) and Machine Learning (ML) in payment technology in the B2B and corporate payments space are anticipated to drive market growth. As there is a rise in digitization across industries, companies are implementing electronic payment solutions for speed, accuracy, and efficiency. Increased international trade and cross-border transactions are also playing a key role in boosting the demand for safe & efficient B2B payment solutions.

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Corporate Flows B2B Payment Market Trends

There is a very fast evolution of the technology in the corporate and B2B payments segment. Technologies like Blockchain, Artificial Intelligence (AI) and Machine Learning (ML) are being used more and more for security, transparency and transaction efficiency, improved fraud detection, payment process automation, and predictive analytics for cash flow management. It is especially suitable for cross-border payments, providing security, quicker processing time, and lower costs. Application Programming Interfaces (APIs) are making it possible to integrate payment solutions with the current ERP and accounting systems seamlessly. This integration makes automation and real-time data exchange possible.

Increased utilization of digital money in B2B payments due to speed, stability, transparency, and reduced cost is also a trend observed. To save payment information from the growing vulnerability of cyber-attacks and cyber-frauds, companies are investing in better security solutions like multi-factor authentication, encryption, and tokenization. Payment systems integrated with smartphones offer convenience and flexibility. Due to the spread of the pandemic caused by the COVID-19 virus, there has been increased adoption of contactless solutions aimed at reducing human contact and ensuring efficiency in payment processes.

For example, in May 2024, Worldline, a payment service provider, partnered with Visa to introduce a new virtual card issuing solution to improve the efficiency and security of payments to address the unique needs of the fast-growing Online Travel Agency (OTA) segment. Today’s technology, including RegTech (Regulatory Technology), assists companies by streamlining compliance activities with the intricate regulatory environment.

Corporate Flows B2B Payment Market Share

Visa, Mastercard, Citigroup control the corporate flows B2B payment market with more than 8% market share, offering a suite of solutions addressing the changing business requirements. Visa provides solutions like Visa Business Solutions, Visa B2B Connect, and Data Solutions to make faster business payments simpler & safer, enhance cash flow, facilitate financial engagement & enable businesses to better understand their payment flows, optimize cash management, and enhance financial decision-making.

Mastercard provides solutions like Mastercard Commercial Solutions and Mastercard Track with sophisticated features like spending controls, comprehensive transaction reporting, financial system integration, supply chain finance, increased data transparency, and streamlined payment processing.

These players are sustained in their dominance by continually innovative technologies, increasing global reach, and meeting varied industry requirements. Their brand built reputation, customer confidence, and adherence to serving changing customer engagement needs consolidate their position, defining the landscape and determining the direction of the changing market.

Corporate Flows B2B Payment Market Companies

Major players operating in the corporate flows B2B payment industry are

• Visa
• Mastercard
• American Express
• PayPal
• JPMorgan Chase
• Bank of America
• Citi
• Wells Fargo

Market, By Payment

• Cross-border payments
• Domestic payments

Market, By Solutions

• Payment gateways
• Payment processors
• Payment security solutions
• Enterprise Resource Planning (ERP) integrated payment solutions
• Banking solutions

Market, By Enterprise Size

• SMEs
• Large enterprises

Market, By Industry Vertical

• Manufacturing
• Retail & e-commerce
• IT & telecommunications
• Healthcare
• Banking, Financial Services, and Insurance (BFSI)
• Transportation & logistics
• Energy & utilities

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