GITNUXREPORT 2025

B2B Payments Statistics

B2B payments are rapidly digitizing, cutting costs and increasing efficiency globally.

Jannik Linder

Co-Founder of Gitnux, specialized in content and tech since 2016.

First published: April 29, 2025

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Statistic 1

The global B2B payments market is projected to reach $22.14 trillion by 2027

Statistic 2

Businesses spend over $160 billion annually on check printing and processing fees

Statistic 3

The use of real-time payments in B2B is expected to grow at a compound annual growth rate (CAGR) of 33% through 2025

Statistic 4

60% of global B2B payments are still manual, highlighting significant room for digital transformation

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83% of companies with mature B2B payments platforms report higher sales growth than those with basic systems

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Small and medium-sized enterprises (SMEs) account for 65% of B2B transaction volume globally

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North America holds approximately 45% of the global B2B payments market share

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The B2B payments segment is expected to grow at 10% annually through 2030, driven by digital transformation

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36% of B2B payments are processed through integrated cloud-based platforms

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Over 50% of B2B transactions are expected to be digital by 2025, indicating a significant shift from traditional methods

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B2B payments online are projected to account for $14 trillion globally by 2025, growing at a CAGR of 8%

Statistic 12

28% of large enterprises are investing in AI to streamline B2B payments processing

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Cross-border B2B payments constitute approximately 15% of total B2B transactions but are growing rapidly with new fintech entrants

Statistic 14

The volume of B2B payments processed via blockchain reached over $1 trillion in 2022, marking a 25% increase from previous years

Statistic 15

55% of financial institutions are exploring or implementing open banking solutions to enhance B2B payments

Statistic 16

The use of embedded payments in B2B e-commerce platforms is projected to grow at an annual rate of 20% through 2026

Statistic 17

Cross-border B2B e-payments are expected to grow at a CAGR of 11% through 2028, driven by increased global trade

Statistic 18

78% of CFOs say that faster payments are critical to their operational success

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35% of small businesses report that payment delays impact their cash flow adversely

Statistic 20

67% of B2B leaders believe that improving payment processing efficiency can lead to cost reductions of 10% or more

Statistic 21

The average time to process a traditional B2B invoice is 7 to 21 days, depending on the region

Statistic 22

B2B electronic payments can reduce processing costs by up to 60% compared to manual check-based systems

Statistic 23

40% of companies report delays in B2B payments due to lack of automation

Statistic 24

The average B2B invoice payment cycle is 33 days, but digital automation can reduce this to 10-15 days

Statistic 25

The adoption of AI chatbots for customer service in B2B payments has increased by 50% since 2021, helping streamline support

Statistic 26

Businesses that use automated reconciliation in B2B payments report a 35% reduction in errors and discrepancies

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The use of data analytics in B2B payments can improve cash flow forecasting accuracy by up to 40%

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47% of companies report that their B2B payment processing systems are not scalable to future growth, pointing to a need for modernization

Statistic 29

Over 60% of B2B payment transactions now include some form of automation, up from less than 20% in 2015, indicating rapid technological adoption

Statistic 30

69% of B2B companies emphasize integration of payments with ERP systems to reduce manual effort and errors

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43% of B2B companies report that payment reconciliation remains a significant challenge, driving automation investments

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58% of B2B payments are still processed via paper checks

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42% of B2B payments are made via electronic methods like ACH, wire transfers, and virtual cards

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23% of B2B transactions occur via digital channels

Statistic 35

Wire transfers remain the most commonly used method for large value B2B transactions, with 71% preference among financial institutions

Statistic 36

45% of organizations plan to implement blockchain-based payments within the next two years

Statistic 37

The adoption of Virtual Card Payments in B2B transactions increased by 40% year-over-year in 2022

Statistic 38

62% of B2B payments are now made electronically, a rise from 46% five years ago

Statistic 39

29% of B2B payments are now made via alternative digital currencies, demonstrating rising acceptance of crypto

Statistic 40

50% of B2B suppliers prefer electronic payment methods over checks due to faster processing times

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The average cost per manual B2B payment transaction is estimated at $17.60, compared to $2.50 for electronic payments

Statistic 42

78% of B2B payments are initiated through banking portals or online banking platforms, indicating reliance on traditional digital channels

Statistic 43

72% of organizations view cybersecurity as a critical component of their B2B payment systems

Statistic 44

65% of CFOs prioritize improving their B2B payment systems to reduce fraud risk

Statistic 45

80% of B2B payment-related fraud involves compromised accounts, emphasizing the need for robust security

Statistic 46

The global B2B payments fraud losses are estimated to exceed $32 billion annually, illustrating significant risks

Statistic 47

65% of B2B procurement departments are seeking to automate payments to reduce manual processing errors and fraud

Statistic 48

The average B2B payment fraud amount per incident is approximately $130,000, emphasizing the need for increased security measures

Statistic 49

54% of B2B transactions are now initiated via mobile devices, highlighting rapid digital adoption

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70% of B2B payment providers are investing in instant settlement technologies, indicating a focus on speed

Statistic 51

54% of B2B companies plan to implement API-based payment solutions within the next year, aiming for seamless integration

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Key Highlights

The global B2B payments market is projected to reach $22.14 trillion by 2027
58% of B2B payments are still processed via paper checks
Businesses spend over $160 billion annually on check printing and processing fees
42% of B2B payments are made via electronic methods like ACH, wire transfers, and virtual cards
78% of CFOs say that faster payments are critical to their operational success
23% of B2B transactions occur via digital channels
The use of real-time payments in B2B is expected to grow at a compound annual growth rate (CAGR) of 33% through 2025
35% of small businesses report that payment delays impact their cash flow adversely
67% of B2B leaders believe that improving payment processing efficiency can lead to cost reductions of 10% or more
Wire transfers remain the most commonly used method for large value B2B transactions, with 71% preference among financial institutions
60% of global B2B payments are still manual, highlighting significant room for digital transformation
83% of companies with mature B2B payments platforms report higher sales growth than those with basic systems
The average time to process a traditional B2B invoice is 7 to 21 days, depending on the region

As the global B2B payments market approaches a staggering $22 trillion by 2027, it’s clear that digital transformation, automation, and faster, more secure methods are revolutionizing how businesses transact in an increasingly interconnected world.

Market Growth and Projections

The global B2B payments market is projected to reach $22.14 trillion by 2027
Businesses spend over $160 billion annually on check printing and processing fees
The use of real-time payments in B2B is expected to grow at a compound annual growth rate (CAGR) of 33% through 2025
60% of global B2B payments are still manual, highlighting significant room for digital transformation
83% of companies with mature B2B payments platforms report higher sales growth than those with basic systems
Small and medium-sized enterprises (SMEs) account for 65% of B2B transaction volume globally
North America holds approximately 45% of the global B2B payments market share
The B2B payments segment is expected to grow at 10% annually through 2030, driven by digital transformation
36% of B2B payments are processed through integrated cloud-based platforms
Over 50% of B2B transactions are expected to be digital by 2025, indicating a significant shift from traditional methods
B2B payments online are projected to account for $14 trillion globally by 2025, growing at a CAGR of 8%
28% of large enterprises are investing in AI to streamline B2B payments processing
Cross-border B2B payments constitute approximately 15% of total B2B transactions but are growing rapidly with new fintech entrants
The volume of B2B payments processed via blockchain reached over $1 trillion in 2022, marking a 25% increase from previous years
55% of financial institutions are exploring or implementing open banking solutions to enhance B2B payments
The use of embedded payments in B2B e-commerce platforms is projected to grow at an annual rate of 20% through 2026
Cross-border B2B e-payments are expected to grow at a CAGR of 11% through 2028, driven by increased global trade

Market Growth and Projections Interpretation

With the B2B payments market set to explode to over $22 trillion by 2027—driven by digital transformation, AI, and blockchain—it’s clear that traditional check-writing is becoming the antique of commerce while smarter, faster, and more global payment solutions are reshaping the way businesses trade, especially for the 65% of SMEs and the growing cross-border transactions—highlighting a future where manual processes will soon be as outdated as your fax machine.

Operational Efficiency and Process Optimization

78% of CFOs say that faster payments are critical to their operational success
35% of small businesses report that payment delays impact their cash flow adversely
67% of B2B leaders believe that improving payment processing efficiency can lead to cost reductions of 10% or more
The average time to process a traditional B2B invoice is 7 to 21 days, depending on the region
B2B electronic payments can reduce processing costs by up to 60% compared to manual check-based systems
40% of companies report delays in B2B payments due to lack of automation
The average B2B invoice payment cycle is 33 days, but digital automation can reduce this to 10-15 days
The adoption of AI chatbots for customer service in B2B payments has increased by 50% since 2021, helping streamline support
Businesses that use automated reconciliation in B2B payments report a 35% reduction in errors and discrepancies
The use of data analytics in B2B payments can improve cash flow forecasting accuracy by up to 40%
47% of companies report that their B2B payment processing systems are not scalable to future growth, pointing to a need for modernization
Over 60% of B2B payment transactions now include some form of automation, up from less than 20% in 2015, indicating rapid technological adoption
69% of B2B companies emphasize integration of payments with ERP systems to reduce manual effort and errors
43% of B2B companies report that payment reconciliation remains a significant challenge, driving automation investments

Operational Efficiency and Process Optimization Interpretation

With over 60% of B2B transactions now automated, embracing modern payment solutions isn't just a trend—it's a necessity for CFOs aiming to slash processing times, cut costs by up to 60%, and turn payment inefficiencies from cash flow killers into clear competitive advantages.

Payment Methods and Adoption Trends

58% of B2B payments are still processed via paper checks
42% of B2B payments are made via electronic methods like ACH, wire transfers, and virtual cards
23% of B2B transactions occur via digital channels
Wire transfers remain the most commonly used method for large value B2B transactions, with 71% preference among financial institutions
45% of organizations plan to implement blockchain-based payments within the next two years
The adoption of Virtual Card Payments in B2B transactions increased by 40% year-over-year in 2022
62% of B2B payments are now made electronically, a rise from 46% five years ago
29% of B2B payments are now made via alternative digital currencies, demonstrating rising acceptance of crypto
50% of B2B suppliers prefer electronic payment methods over checks due to faster processing times
The average cost per manual B2B payment transaction is estimated at $17.60, compared to $2.50 for electronic payments
78% of B2B payments are initiated through banking portals or online banking platforms, indicating reliance on traditional digital channels

Payment Methods and Adoption Trends Interpretation

While the move towards digital and blockchain-enabled B2B payments accelerates—with electronic transactions now accounting for over 60%, virtual card use up 40%, and half of suppliers favoring electronic methods—nearly 58% of payments still ride the check carousel, reminding us that in the world of business payments, change is often slow and costly, especially when manual processing costs an average of $17.60 per transaction versus just $2.50 electronically.

Security, Fraud Prevention, and Risk Management

72% of organizations view cybersecurity as a critical component of their B2B payment systems
65% of CFOs prioritize improving their B2B payment systems to reduce fraud risk
80% of B2B payment-related fraud involves compromised accounts, emphasizing the need for robust security
The global B2B payments fraud losses are estimated to exceed $32 billion annually, illustrating significant risks
65% of B2B procurement departments are seeking to automate payments to reduce manual processing errors and fraud
The average B2B payment fraud amount per incident is approximately $130,000, emphasizing the need for increased security measures

Security, Fraud Prevention, and Risk Management Interpretation

With nearly three-quarters of organizations recognizing cybersecurity as essential and over 80% of fraud stemming from compromised accounts, it's clear that bolstering security isn’t just prudent—it's a billion-dollar imperative, especially as automation efforts aim to slash both errors and fraud in a high-stakes $32 billion global battleground.

Technological Innovations and Digital Transformation

54% of B2B transactions are now initiated via mobile devices, highlighting rapid digital adoption
70% of B2B payment providers are investing in instant settlement technologies, indicating a focus on speed
54% of B2B companies plan to implement API-based payment solutions within the next year, aiming for seamless integration

Technological Innovations and Digital Transformation Interpretation

With over half of B2B transactions now mobile-driven, a majority of providers investing in instant settlement tech, and more companies eyeing API integrations, it's clear that digital transformation in B2B payments is accelerating at lightning speed, transforming traditional commerce into a seamless, real-time digital ecosystem.