According to a market report by Lucintel, the future of the global B2B digital payment market looks promising with opportunities in the BFSI, IT & ITES, retail and e-commerce, travel and hospitality, healthcare, media and entertainment, and transportation and logistic markets. The global B2B digital payment market is expected to reach an estimated $9.8 billion by 2030 with a CAGR of 13.7% from 2024 to 2030. The major drivers for this market are governments worldwide are actively championing and embracing the digital landscape, widespread use of smartphones is fueling the rapid growth of mobile commerce (m-commerce), as well as, increasing consumer preference for contactless payments.

A more than 150 – page report is developed to understand trends, opportunity and forecast in B2B digital payment market to 2030 by transaction type (domestic and cross border), payment method (credit cards/debit cards/virtual cards, digital wallet, and other payment methods), end use (BFSI, IT & ITES, retail and e-commerce, travel and hospitality, healthcare, media and entertainment, transportation and logistics, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).

In this market, credit cards/debit cards/virtual cards, digital wallet, and other payment methods are the major segments of B2B digital payment market by payment method. Lucintel forecasts that credit cards/debit cards/virtual cards will remain the largest segment over the forecast period.

Within this market, IT & ITES will remain the largest segment over the forecast period because the information technology (IT) companies have created secure payment gateways, advanced APIs, and software solutions that facilitates seamless and secure commercial transactions.

APAC is expected to witness highest growth over the forecast period because the cross-border payment methods are created to meet the region's growing commerce, accompanied by a rise in trade activities.

Paypal, Fiserv, FIS, Global Payments, ACI Worldwide, Block, Mastercard, Visa, Payoneer, and Stripe are the major suppliers in the B2B digital payment market.

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This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected]