GITNUX MARKETDATA REPORT 2024

Global B2B Payments Industry Statistics

The global B2B payments industry is projected to reach a value of $27.7 trillion by 2026, driven by increasing adoption of digital payment solutions and growing eCommerce activity.

Statistic 1

"Global B2B Payments predicted to reach USD 70 trillion by 2027"

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Statistic 2

"The CAGR of global B2B payments market is projected to be 10.8% during 2021-2028"

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Statistic 3

"North America accounts for major share in the global B2B payments"

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Statistic 4

"Asia Pacific region is anticipated to grow at the fastest rate in the B2B payments sector"

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Statistic 5

"In 2020, cross-border B2B transactions represented around USD 150 trillion"

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Statistic 6

"Over 50% of B2B payments globally were still processed by traditional banks in 2020"

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Statistic 7

"More than 40% of businesses reported faster payments due to the introduction of digital B2B solutions"

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Statistic 8

"Companies using e-invoicing reported a 57% reduction in costs per invoice in 2020"

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Statistic 9

"E-invoicing market is anticipated to reach USD 20 billion by 2025"

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Statistic 10

"90% of businesses are expected to adopt B2B e-commerce by the end of 2022"

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Statistic 11

"China holds the largest share in the Asia Pacific B2B payment market"

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Statistic 12

"Blockchain in B2B payments is expected to grow at a CAGR of 48.4% from 2021 to 2025"

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Statistic 13

"India's B2B digital payments are slated to reach USD 885.7 billion by 2023"

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Statistic 14

"Latin America’s B2B payments are projected to reach USD 1.6 trillion by 2028"

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Statistic 15

"B2B digital payments will make up 23.1% of global digital transactions by 2024"

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Statistic 16

"Almost 50% of companies are using Automated Clearing House (ACH) for B2B payments"

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Statistic 17

"Near-field communication (NFC) payment method in B2B payment market is expected to grow at a CAGR of 10.1% from 2020 to 2027"

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