The B2B Payments Platform market is estimated to grow by more than 11.4% CAGR from 2021-2031. B2B payments platform is an online payment portal which helps businesses/enterprises/ to pay all their bills with the help of their existing debit cards, credit cards, or bank accounts.
According to latest research, B2B Payments Platform market is set to witness higher growth during 2021-2031. The market will show highest growth in coming years, owing to factors such as changes in consumer behaviour, technological innovations in the industry, new technologies, new market participants, and changed market infrastructure. Moreover, fraud cases across business online payments is hampering the demand for the B2B payments platform market.
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What is Driving Demand for B2B Payments Platform Market?
The factors such as changes in consumer behaviour, technological innovations in the industry, new technologies, new market participants, and changed market infrastructure is fueling the demand for the B2B payments platform market.
Also the demand for online payment, virtual cards, and the capability of managing new forms of transactions is augmenting the demand for the B2B payments platform market. The increasing strategic partnership among fintech companies and B2B payments platform service provider is expected to drive the demand fir the B2B payments platform market.
By Enterprise Size Type Large Enterprises Segment is Driving the Adoption of B2B Payments Platform Market
Large enterprises segment is anticipated to constitute a highest market share in the B2B payments platform market over the forecasted period. In recent years, large enterprises uses B2B online payments for monetary transaction as it helps them to enhance their services between businesses or sales of goods via online channels.
It helps large enterprises to increase their market share. It is expected to drive the market share of large enterprises in forecasted period. However, SMEs segment is expected to grow at fastest CaGR owing to increasing number of cross border transaction between SMEs across the globe.
Who are the Major Vendors of B2B Payments Platform Market?
Some of the leading vendors and companies of B2B payments platform market include
- American Express
- Bank of America Corporation
- Capital One
- MasterCard
- Payoneer Inc.
- PayPal Holdings Inc.
- Square Inc.
- Stripe
- TransferWise Ltd.
- Visa Inc. among others.
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B2B Payments Platform Market Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint,
Key Segments
By Payment Type:
- Domestic Payments
- Cross-Border Payments
By Payment Mode:
- Traditional
- Digital
By Enterprise Size:
- SMEs
- Large Scale Business
By Industry:
- Manufacturing
- IT & Telecom
- Metals & Mining
- Energy & Utilities
- BFSI
- Others
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia & Pacific
- Middle East & Africa
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