Global B2B digital payment market is anticipated to grow at a CAGR of 15.8% during the forecast period (2023-2030). Rising demand for B2B digital payment in various Industries propelled the market growth. B2B is one of the fastest-growing segments for new and established companies. The main reason is the numerous opportunities in digital businesses can provide wholesale products, retailer goods, services or distribution and flexible payment options as well. Cards and digital wallets dominate e-commerce payments but there are alternative payment methods through, internet. According to UN trade and UNCTAD, the e-commerce sector rise in its retail sales, from 16 per cent to 19 per cent in 2020. UK also saw a spike in online transactions over the same period, from 15.8 to 23.3 per cent, so too did China (from 20.7 to 24.9%), the US (11 to 14%), Australia (6.3 to 9.4%) and Canada (3.6 to 6.2%). Retailers are now also focusing on providing innovative payment solutions for customers. For instance, in October 2020, Klarna announced its partnership with Afterpay, a payment solution provider, to provide buy now pay later services for online customers. Klarna and Afterpay both provide service like breaking payments up or pushing them to a later date which also makes easy for merchants to order in bulk amount.
Browse the full report description of “Business-to-Business (B2B) Digital Payment Market Size, Share & Trends Analysis Report by Solution (Payment Gateway, Payment Processing, Mobile Payment Application and Others), by Payment Method (Bank Cards, Digital Wallet, Net Banking, and Others), by Industry Verticals (BFSI, Healthcare, IT & Telecom, Travel and Hospitality, Media & Entertainment, Retail & E-Commerce, Transportation, and Others), and by Transaction Type (Domestic and Cross-border) Forecast Period (2023-2030)” at https://www.omrglobal.com/industry-reports/b2b-digital-payment-market
A single solution for payments and payouts can simplify B2B payments for business. Companies coming up with different solution for B2B merchants helps them to do their business easily. Market player such as Mastercard has been working to educate merchants provide low-cost payment acceptance solutions, and provide last-mile support to merchants as they begin their digital onboarding. For instance, in July 2020, Mastercard India, Axis Bank Ltd and payment service provider, Worldline India, have partnered to launch a digital point-of-sale solution, Soft POS, to help offline merchant’s stores accept payments using their smartphones. To enhance contactless payments in the country, the system enables merchants to accept payments via various digital form factors such as Bharat QR, provide payment links to customers, and even accept NFC-based payments. Mastercard has also teamed with Zoho Corp. to assist large-volume merchants in filing their goods and services tax reports, among other services.
Market Coverage
• The market number available for – 2022-2030
• Base year- 2022
• Forecast period- 2023-2030
• Segment Covered-
o By Solution
o By Payment Method
o By Industry Vertical
o By Transaction Type
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- Includes PayPal, Inc., Fiserv, Inc., Mastercard International, Inc., Stripe, Inc., Inc., and Visa, Inc., among others.
Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?
Global B2B Digital Payment Market Report Segment
By Solution
By Payment Method
By Industry Vertical
By Transaction Type
Global B2B Digital Payment Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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