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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 7.4 trillion in 2023 and is set to grow at a 17% CAGR from 2024 to 2032, driven by the efficiency and cost-saving benefits of digital payments.

The digital commerce segment accounted for over 60% of the market share in 2023 and is expected to exceed a transactional value of USD 20.2 trillion by 2032 due to its ability to increase efficiency and streamline transactions.

The IT & telecom segment held around 25% of the market share in 2023, led by their focus on technological innovation and digital transformation.

The U.S. market accounted for 87% of the revenue share in 2023 and is expected to exceed a transactional value of USD 2.6 trillion by 2032, supported by a secure financial system and continuous innovation from tech giants and fintech startups.

The key players in the industry include ACI Worldline, Apple Inc., Block, Inc., Fiserv Inc., Global Payments Inc., Mastercard Incorporated, PayPal Holdings, Inc., Stripe, Inc., Visa Inc., and Worldline SA.