North America 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 projected to grow at USD 1298 Billion till 2035.
• North America B2B payments market size accounted for USD 578 Billion in 2025.
• The market is growing at a CAGR of 8.6%.

The definition of business-to-business payments or B2B payments is the transfer of value denominated in currency from buyer to supplier for good or services supplied. B2B payments can be a one time or recurring transaction depending on the contractual agreement made between the buyer and supplier. The market is experiencing significant growth due to the region's advanced digital infrastructure, widespread adoption of digital payment solutions, and a large presence of major payment providers like PayPal and Stripe, high levels of fintech innovation, and a strong focus on secure and efficient transaction methods across various industries, particularly in the U.S. and Canada.

Key Takeaways:

The U.S. region of North America dominates the market due to its large number of businesses, robust commercial infrastructure, and significant investments in developing efficient payment solutions within the region.

Key Drivers of Target Market:

Market is Experiencing Growth as B2B Payments are Key to Avoiding Cash Flow Issues

One of the primary issues that leads to failed businesses is cash flow mismanagement. To ensure a more reliable and profitable outcome, streamlining processes and automating B2B payments can help avoid any cash flow issues. Businesses should always consider how easy it is for customers to pay them. Payment portals are available that allow merchants to securely accept payments online via credit card or ACH/bank transfer without having to wait for checks or other paper transactions to arrive in the mail.

• For instance, in May 2020, Mastercard launched Mastercard Track Business Payment Service in the U.S., which brings efficiency gains and faster access to working capital to suppliers and buyers. Buyers can optimize and automate efficiencies in paying Suppliers with improved reconciliation to manage cash flow and capture early payment discounts.

Restraints:

Security Concerns may Hamper Market Evolution

Digital payments involve the exchange of sensitive financial data, and thus must be secured to protect against cyber-attacks and fraudulent activities. B2B payments, involving the transfer of funds between companies, are crucial for maintaining smooth operations and growth. However, these transactions come with various security risks that need to be addressed to prevent fraud, data breaches, and financial losses.

• Counterbalance Statements: Specialized encryption measures, such as two-factor authentication, should be employed to ensure that customer data remains secure.

Opportunities:

Fewer Paper Checks Trend Could Lead to an Increased Demand in Forecasting Years

The use of paper checks for payments is on the decline due to newer, faster payment forms like credit cards and digital platforms. With this trend continuing, it looks likely that businesses will almost completely phase out these slow manual processes in favor of quicker digital solutions over the next decade.

• For instance, In March 2021, Moneris Solutions Corporation, one of North America’s largest processors of debit and credit card payments, announced it will be providing electronic payment processing solutions to the business-to-business (B2B) marketplace in Canada, currently valued at USD 2.8T. Moneris’ B2B payment solutions enable businesses to accept electronic payments from commercial customers and help move them away from less efficient invoicing and paper-based systems.

The North America B2B payments market is classified into payment type, payment method, enterprise type, industry, and country.

Payment Type

Based on the payment type, the market is categorized into domestic payments and cross border payments. Domestic payments have a larger B2B payments market share than cross-border payments. This is due to the growing number of small and medium-sized businesses that need payment solutions.

• For instance, in September 2024, PayStand has announced that it has expanded its digital platform into Canada to support domestic B2B commercial payments and deepen its global payments infrastructure. By digitizing the commercial infrastructure required to support Canadian B2B payments, PayStand is a cloud-based solution provider to offer native support for both US and Canadian payments.

Payment Method

The market by payment method is distributed into bank transfer, cards, and online payments. The bank transfer method is expected to dominate the target market. Online banking platforms have made bank transfers more streamlined, which has contributed to their high market share.

• For instance, in November 2023, Canadian fintech Nuvei has been chosen by American Express as the first acquirer authorised to promote and sell Pay with Bank Transfer’s (PwBt’s) Open Banking-enabled payment method. Through the partnership, global payment provider Nuvei’s UK merchant partners will be able to instantly integrate PwBt into their online checkout processes, enabling account-to-account payments between merchants and their customers.

Enterprise

Based on the enterprise, the market is bifurcated into small & medium enterprises and large enterprises. Large enterprise is superior as compared to others, due to their complex payment needs, large transaction volumes, and need for sophisticated financial systems.

Industry

The targeted market, by industry, is divided 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.

North America 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:

• North America
  • U.S.
  • Canada

The key players operating in the North America B2B Payments Market include Stripe, Inc..,  Interac, Elavon Inc., Helcim 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:

• Stripe, Inc.
•  Interac
• Elavon Inc.
• Helcim Inc.
• Moneris Solutions Corp.
• PayPal
• Visa,Inc.
• Interac
• JP Morgan Chase & Co.
• Adyen
• Mastercard, Inc.
• American Express
• Samsung Pay

• In January 2025, BlueSnap, a global payment orchestration platform for leading B2B and B2C businesses, announced its selection by MarginEdge, a provider of restaurant management solutions, as its North American client billing partner. MarginEdge helps restaurant owners and managers get out of the back office and back onto the restaurant floor by automating their operations. Its comprehensive platform of restaurant management solutions includes inventory management, access to real-time food costs, and integrated payments for operators to easily pay their bills. 
• In July 2024, KEO World (KEO), a leading B2B digital payments and inventory financing fintech, is expanding its core solution, Workeo, to Canada with the help of Amex Business Link, a B2B payments infrastructure. KEO’s Workeo solution provides digital lines of credit in multi-currency and for cross-border payments, and through the Amex Business Link capabilities, buyers and suppliers can now automate payment tasks, including defining invoice payment terms and conditions, managing invoice approvals, and the reporting and reconciliation processes.
• In October 2023, Nuvei Corporation, the Canadian fintech company, announced the launch of its enhanced payments solution for business-to-business (B2B) payments in Canada. B2B businesses working with Nuvei are now able to offer their customers in Canada a holistic payments solution including Card-Not-Present and account-to-account processing capabilities, Level 3 processing and Nuvei’s advanced proprietary accounts receivable (AR) solution, directly integrated with their enterprise resource planning (ERP) system.

More Related Reports

Europe B2B Payments Market
Mobile Payments Market
B2B Payments Market
U.S. B2B Payments Market
Asia Pacific B2B Payments Market