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Corporate Flows B2B Payment Market Share

Report ID: GMI10009
Published Date: Jun 2024
Report Format: PDF

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Corporate Flows B2B Payment Market Share

Visa, Mastercard, Citigroup dominate the corporate flows B2B payment industry holding over 8% market share, providing a range of solutions that cater to the evolving business needs. Visa offers solutions, such as Visa Business Solutions, Visa B2B Connect, and Data Solutions, to streamline & secure faster business payments, improve cash flow, enhance financial engagement & help businesses gain insights into their payment flows, optimize cash management, and improve financial decision-making.

Mastercard offers solutions, such as Mastercard Commercial Solutions and Mastercard Track, with advanced features including spending controls, detailed transaction reporting, integration with financial systems, supply chain finance, enhanced data transparency, and efficient payment processing.

These players maintain dominance by continuously evolving technologies, expanding global footprints, and catering to diverse industry needs. Their established brand reputation, customer trust, and commitment to addressing evolving customer engagement demands solidify their position, shaping the landscape and influencing the direction of the dynamic market.

Corporate Flows B2B Payment Market Companies

Major players operating in the corporate flows B2B payment industry are:

Visa
Mastercard
American Express
PayPal
JPMorgan Chase
Bank of America
Citi
Wells Fargo

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of corporate flows b2b payment reached USD 1.19 trillion in 2023 and is set to witness over 7.9% CAGR from 2024 to 2032, owing to the continuous innovations and integration of technological advancements in payment technology worldwide.

The cross-border segment reached over USD 544 billion in 2023, due to the rising demand for fast, accurate, and secure payment solutions in international trade activities.

North America Market held over 33% share in 2023, attributed to changes in regulatory frameworks, such as the introduction of the U.S. Faster Payments Council and updates to the Canadian Payments Act in the region.

Visa, Mastercard, American Express, PayPal, JPMorgan Chase, Bank of America, Citi, and Wells Fargo, are some of the major corporate flows b2b payment companies worldwide.