B2B Digital Payment Market is Anticipated to Increase at a Stable CAGR over the Forecast Period (2024 to 2031)

Global B2B digital payment market is anticipated to grow at a CAGR of 15.8% during the forecast period (2024-2031). Rising demand for B2B digital payment in various Industries propelled the market growth. B2B is one of the fastest-growing segments for new and established companies. The main reason is the numerous opportunities in digital businesses can provide wholesale products, retailer goods, services or distribution and flexible payment options as well. Cards and digital wallets dominate e-commerce payments but there are alternative payment methods through, internet. According to UN trade and UNCTAD, the e-commerce sector rise in its retail sales, from 16 per cent to 19 per cent in 2020. UK also saw a spike in online transactions over the same period, from 15.8 to 23.3 per cent, so too did China (from 20.7 to 24.9%), the US (11 to 14%), Australia (6.3 to 9.4%) and Canada (3.6 to 6.2%). Retailers are now also focusing on providing innovative payment solutions for customers. For instance, in October 2020, Klarna announced its partnership with Afterpay, a payment solution provider, to provide buy now pay later services for online customers. Klarna and Afterpay both provide service like breaking payments up or pushing them to a later date which also makes easy for merchants to order in bulk amount.

A single solution for payments and payouts can simplify B2B payments for business. Companies coming up with different solution for B2B merchants helps them to do their business easily. Market player such as Mastercard has been working to educate merchants provide low-cost payment acceptance solutions, and provide last-mile support to merchants as they begin their digital onboarding. For instance, in July 2020, Mastercard India, Axis Bank Ltd and payment service provider, Worldline India, have partnered to launch a digital point-of-sale solution, Soft POS, to help offline merchant’s stores accept payments using their smartphones. To enhance contactless payments in the country, the system enables merchants to accept payments via various digital form factors such as Bharat QR, provide payment links to customers, and even accept NFC-based payments. Mastercard has also teamed with Zoho Corp. to assist large-volume merchants in filing their goods and services tax reports, among other services.

To Request a Sample of our Report on B2B Digital Payment Market:  https://www.omrglobal.com/request-sample/b2b-digital-payment-market

Market Coverage

•                 The market number available for – 2023-2031

•                 Base year- 2023

•                 Forecast period- 2024-2031

Segment Covered- 

·                  By Solution

·                  By Payment Method

·                  By Industry Vertical

·                  By Transaction Type

Regions Covered-

·                  North America

·                  Europe

·                  Asia-Pacific

·                  Rest of the World

•                 Competitive Landscape- Includes PayPal, Inc., Fiserv, Inc., Mastercard International, Inc., Stripe, Inc., Inc., and Visa, Inc., among others.

A full Report of B2B Digital Payment Market is Available @  https://www.omrglobal.com/industry-reports/b2b-digital-payment-market

B2B Digital Payment Market Report Segment

By Solution

•                 Payment Gateway

•                 Payment Processing

•                 Mobile payment Application

•                 Others (Transaction Risk Management and Payment Security & Fraud Management)

By Payment Method

•                 Bank Cards (Credit card, Debit card, Virtual card)

•                 Digital Wallet

•                 Net Banking

•                 Others (Digital Currencies, Point of Sales)

By Industry Vertical

•                 BFSI 

•                 Retail and E-commerce

•                 Healthcare

•                 IT and Telecom

•                 Travel and Hospitality

•                 Media & Entertainment

•                 Transportation

•                 Others (Government and Public Sector, Manufacturing) 

By Transaction Type

•                 Domestic 

•                 Cross-border

B2B Digital Payment Market Report Segment by Region

North America                                                                                                           

·        United States

·        Canada                     

Europe

·        UK

·        Germany

·        Spain

·        France

·        Italy

·        Rest of Europe

Asia-Pacific

·                  India

·                  China

·                  Japan              

·                  South Korea

·                  Rest of APAC

Rest of the World

•       Latin America

•       Middle East and Africa 

Company Profiles

•                 ACI Worldwide, Inc. 

•                 BharatPe

•                 EBANX 

•                 FIS

•                 Global Payments Inc.

•                 Helcim, Inc. 

•                 HighRadius Corp.

•                 USPAY Group, LLC

•                 MatchMove Pay Pte Ltd.

o   Payoneer Inc.

•                 Pay Set Limited

•                 Paystand Paystand, Inc.

•                 Paytm 

•                 Ramp Business Corp.

•                 Rapyd Financial Network Ltd.

•                 Razorpay 

•                 Ripple

•                 Stax 

•                 Terra 

Reasons to buy from us –

1.  We cover more than 15 major industries, further segmented into more than 90 sectors.

2.  More than 120 countries are for analysis.

3.  Over 100+ paid data sources mined for investigation.

4.  Our expert research analysts answer all your questions before and after purchasing your report.

For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/b2b-digital-payment-market

About Orion Market Research

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

Media Contact:

Company Name: Orion Market Research

Contact Person: Mr. Anurag Tiwari

Email: info@omrglobal.com

Contact no:  +91 7803040404

Comments

Post a Comment

Popular posts from this blog

European Data Backup and Recovery Market Size, Share, Analysis, Industry Report and Forecast 2019-2025

  European Data Backup and Recovery Market are expected to reach $5.7 billion in 2027, growing at a CAGR of 9.5% during the forecast period (2021-2027). Factors responsible for the growth of the market in Europe are well-developed telecommunication infrastructure, high internet penetration, high adoption of cloud-based devices among people and organization. Regulations regarding the data localization such as GDPR by the European Union and countries own data localization and protection act are providing growth to the market. Major economies which are expected to hold a considerable market are UK, Germany, France, Italy, and Spain. These economies are part of the European Union, which covers most of the continent. The aim of the European Union was to increase economic cooperation and encourage free trade among countries. To Request a Sample of our Report on European Data Backup and Recovery Market :   https://www.omrglobal.com/request-sample/european-data-backup-recovery-...
Read more

Insect Repellent Market Is Likely to Experience a Tremendous Growth by 2031

This informative Insect Repellent Market report provides new method and covers foremost regions such as Latin America, Middle East, North America, Europe, Africa and Asia Pacific. Making most out of the consumer insights and market opportunities, market players can boost up the revenue rate of their business. It also permits key organizations to make communication with customers and know their demands for making right investment in the product development. By increasing the product portfolio by referring the important market data provided in this Insect Repellent Market research report, key players can grow and expand their business forward. Continuously developing customer demands are also described in this global report to help new entrants make required changes in the final product launch and then bring into the market. It becomes easy for key players to prioritize the demands and requirements of target audience and have complete understanding of end-user experience with the help o...
Read more

Asia-Pacific Urban Air Mobility Market Growth, Size, Share, Industry Report and Forecast 2019-2025

The Asia-Pacific urban air mobility market is estimated to grow at a CAGR of 12.6% during the forecast period. The Asia-Pacific urban air mobility market is segmented on the basis of component and operation. Based on the component, the market is further segmented into infrastructure and platform. The infrastructure segment is further segmented into charging stations, traffic management, and others whereas, the platform segment is further classified into air taxi, personal air vehicle, air ambulance, and others. The platform segment dominated the global urban air mobility market. To Request a Sample of our Report on Asia-Pacific Urban Air Mobility Market :   https://www.omrglobal.com/request-sample/asia-pacific-urban-air-mobility-market Asia-Pacific is home to several emerging economies and is seen as the potential market for the UAM owing to growing urbanization coupled with increasing traffic congestion and increasing high-income groups in the region. The growth of the As...
Read more