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B2B Digital Payment Market Share

Report ID: GMI6994
Published Date: Oct 2024
Report Format: PDF

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B2B Digital Payment Market Share

B2B Digital Payment Company Market Share, 2023

Mastercard Incorporated and Visa Inc. collectively held a substantial market share of over 25% in the B2B digital payment industry in 2023, both companies have invested heavily in technology, constantly evolving their offerings to cater to changing B2B needs. Through partnerships, acquisitions, and innovations in real-time payments, blockchain, and APIs, Mastercard and Visa have adapted to provide solutions for faster and more efficient B2B payments.

They also integrate advanced data analytics and fraud prevention technologies, ensuring secure transactions while meeting strict regulatory compliance standards. Their recent focus on open banking and B2B-specific products, like Mastercard Track and Visa B2B Connect, further demonstrates their commitment to the B2B market by addressing pain points like delayed payments, high processing fees, and currency conversion complexities.

B2B Digital Payment Market Companies

Major players operating in the B2B digital payment industry are:

ACI Worldline
Apple Inc.
Block, Inc.
Fiserv Inc.
Global Payments Inc.
Mastercard Incorporated
PayPal Holdings, Inc.
Stripe, Inc.
Visa Inc.
Worldline SA

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of B2B digital payment reached USD 6.1 trillion in 2022 and is poised to grow at over 17% CAGR between 2023 and 2032, led by the dire need for greater efficiency and cost savings.

The digital commerce type segment held over 60% share of the market share in 2022, propelled by the imperatives of speed, convenience, and efficiency.

APAC market accounted for 43% of the market share in 2022, due to the rapid growth of e-commerce, digital marketplaces, and the expansion of cross-border trade.

Google LLC, ACI Worldline, Apple Inc., Mastercard Incorporated, Block, Inc., Fiserv Inc., Global Payments Inc., PayPal Holdings, Inc., Samsung Electronics Co., Ltd., Stripe, Inc., and Visa Inc. are some of the well-known B2B digital payment firms.