Europe B2B Payments Market Size, Share, By Payment Type (Domestic Payments and Cross Border Payments), Payment Method (Bank Transfer, Cards, and Online Payments), Enterprise Type (Small & Medium Enterprises and Large Enterprises), Industry (Government, Manufacturing, BFSI, Metal & Mining, IT & Telecom, Retail & E-commerce, and Others), and Country - Trends, Analysis, and Forecast till 2035

• The target market is visualized to grow at USD 866 Billion by 2035.
• In 2025, Europe B2B payments market size was valued at USD 385 Billion.
• The market is growing at a CAGR of 7.4%.

Business-to-business (B2B) payments are the exchange of goods or services supplied for a determined value that is denominated in currency. B2B payments can be recurring or single transactions, depending on the terms set between the buyer and seller. Widespread adoption of digital payment solutions, increasing cross-border trade, well-established financial systems, initiatives, such as the Single Euro Payments Area (SEPA) facilitating cross-border transactions, and a growing trend toward automation and e-invoicing are factors which are contributing to market expansion in Europe region.

Key Takeaways:

Germany is considered to have the largest B2B payments market in Europe, primarily due to its strong economy, large number of established businesses, and a well-developed financial system that facilitates efficient cross-border transactions.

Key Drivers of Target Market:

Soaring Implementation of B2B Payments in Businesses Assist to Building-Up Market

In addition to delivering convenience and accuracy, B2B payment solution can also integrate with popular enterprise resource planning (ERP), accounting, or bookkeeping programs. A B2B payment system also helps businesses manage their finances more effectively by providing visibility into cash flow and tracking where money is coming in and out of the organization.

• For instance, in September 2024, Mondu announced that its new Stripe integration allows B2B merchants and marketplaces to offer Mondu’s buy now, pay later (BNPL) options through their existing Stripe setup. This “Mondu via Stripe” offering is available to businesses in the Netherlands, Germany and France.  With this offering, B2B merchants and marketplaces receive risk-free upfront payments while offering their buyers flexible payment terms.

Restraints:

High Initial Costs may Disturb Hike of the Market

Implementing digital payment systems requires an investment of capital, including costs associated with technology, infrastructure upgrades, security measures, personnel training, and more. All of these add up quickly for businesses on a tight budget, so it's important to find a payment portal that isn't expensive in the first place and offers ways to avoid fees associated with electronic funds transfers.

• Counterbalance Statements: To combat the high cost of B2B payments, businesses can leverage automated payment solutions such as ACH (Automated Clearing House) networks, which offer cost-effective electronic transfers between bank accounts, particularly for recurring payments.

Opportunities:

Market will Expand More in Upcoming Years due to Faster Process Feature of B2B Payments

The trend for real-time payments is growing, with the development and deployment of immediate B2B payment processing systems and infrastructures being seen in many countries. Companies are becoming more reliant on speed, ease, convenience, security, and uninterrupted processing when it comes to their payments, leading to an increase in innovation and disruption within the industry.

• For Instance, In November 2024, Mastercard has entered a multi-year partnership with leading B2B payments company, PayMate to enable fast, secure and convenient digital business-to-business (B2B) payments for organizations across several markets in Eastern Europe, Middle East and Africa (EEMEA).

The market is separated into payment type, payment method, enterprise type, industry, and country.

Payment Type

Hinged on payment type, the market is pigeonholed into domestic payments and cross border payments. Domestic payments have an enormous B2B payments market share than cross-border payments, on grounds of the growing number of small and medium-sized businesses that need payment solutions.

Payment Method

The market via payment method is apportioned into bank transfer, cards, and online payments. The bank transfer method are hoped to be in charge for the target market. Online banking platforms have made bank transfers more streamlined, which has contributed to their high market share.

• For instance, in March 2023, Payer, the Swedish fintech scaleup that specializes in European B2B payments announced the launch of open banking payments for B2B in Sweden. The announcement comes at a time when open banking has already disrupted the consumer space. Its adoption has significantly grown globally and reached critical mass in Europe.

Enterprise

Build on the enterprise, the market is distributed into small & medium enterprises and large enterprises. Large enterprise is highly ranking in contrast to others, due to their complex payment needs, large transaction volumes, and need for sophisticated financial systems.

Industry

The targeted market, by industry, is segmented into government, manufacturing, BFSI, metal & mining, IT & telecom, retail & e-commerce, and others. However, the IT & telecom industry governs the market share as these industries are heavily rely on B2B payments and its technological innovations.

Europe B2B Payments Market Report Scope:

Segmentation:

By Payment Type:

• Domestic Payments
• Cross Border Payments

By Payment Method:

• Bank Transfer
• Cards
• Online Payments

By Enterprise Type:

• Small & Medium Enterprises
• Large Enterprises

By Industry:

• Government
• Manufacturing
• BFSI
• Metal & Mining
• IT & Telecom
• Retail & E-Commerce
• Others

By Region:

• Europe
  • Germany
  • U.K.
  • France
  • Russia
  • Italy
  • Spain
  • Netherlands
  • Rest of Europe

The key players operating in the Europe B2B payments market include N26 AG.,  Silverflow B.V., GoCardless Ltd, Stripe, Inc., and among others. The key players are adopting strategies for the growth of the market, such as huge distribution network, strong brand reputation, and fundamental investments.

List of Key Players in the Market:

• N26 AG
• Silverflow B.V.
• GoCardless Ltd
• Stripe, Inc.
• Solaris SE
• PayPal
• Klarna
• Worldpay LLC
• Adyen
• Wise Payments Limited
• Aurus Inc.
• Visa, Inc.
• Matercard, Inc.

• In July 2023, ConnexPay, the first and only payments technology company that offers a fully integrated payments acceptance and payment issuance solution inside a single platform, has expanded upon an already impressive global footprint with the launch of British Pounds (GBP) and Euros (EUR) currencies. The company has operated for years in the European market, but this release allows European companies the flexibility to receive and send payments in their native currencies.
• In April 2023, Societe Generale, one of Europe’s leading banking groups, and Lemonway, an ACPR licensed pan-European payment institution, have signed a commercial partnership to deliver payment services to large corporates in Western Europe, launching B2B marketplaces. With complementary approaches, these two firms have committed to adequately address the growing needs of corporates in the booming B2B marketplace sector.

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