U.S. 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

• By 2035, the target market is predicted to be Worth USD 1191 Billion.
• The U.S. B2B payments market size was wrth USD 530 Billion over 2025.
• The market is developing at a CAGR of 4.6%.

B2B payments are the exchange of currency for goods or services between two businesses. This is an inter-commerce transaction that does not involve a consumer. The B2B payments market in the United States is growing due to a number of factors, including the rise of digital payments, rising demand for paperless payment methods, integration of technologies in businesses, increased government spending on transaction network security, and so on.

Key Drivers of Target Market:

No Need for Human Intervention Property of B2B Payments may Enlarge Market Growth

A comprehensive B2B payment solution is an effective way to streamline accounts payable and accounts receivable, eliminating manual labor and reducing the risk of errors. By implementing this software with B2B payment features, check payments can be scanned, recorded, and stored automatically with no need for human intervention.

• For instance, in June 2021, Paystand, the leader in blockchain enabled B2B payments, announced the launch of Smart Lockbox, the digital-first alternative to traditional lockbox services. Businesses have the keys to unlock a fully paperless cash cycle from payer to merchant, one that incentivizes customers to move to a digitized payment model that eliminates manual tasks and lowers operational costs for finance teams.

Restraints:

Market is Restricted by Costly Fines and Penalties for Non-Compliance

Governments and other organizations regularly update their rules and regulations regarding digital payments, requiring businesses to keep up with the changing landscape in order to remain compliant. Failure to do so can result in costly fines and penalties for non-compliance.

• Counterbalance Statements: By staying proactive with technology, legal guidance, and systematic processes, businesses can not only comply with changing regulations but also mitigate risks associated with non-compliance.

Opportunities:

Utilization of Mobile Payments in B2B may Unlock Potential Key Opportunities in Future

The convenience of using mobile devices for B2C transactions has started to become popular in the B2B world as well. By having access to mobile wallets and payment portals, companies can gain more flexibility and automation in their processes. As demand continues to grow, more companies will introduce these capabilities, allowing businesses to make use of the autonomy that comes with it.

• For instance, in May 2023, Melio, a leading B2B payments platform for small businesses, announced the launch of a new mobile app designed to streamline the payment experience. This new app, which complements web access to Melio's platform, will improve the customer experience, making it easier than ever for businesses to improve their cash flow, eliminate late payment costs, and save valuable time.

Payment type, payment method, enterprise type, and industry are segmentation upon which market is separated.

Payment Type

Stemming from payment type, the market is break down into domestic payments and cross border payments. The market share of domestic payments in business-to-business transactions is higher than that of cross-border payments. The increasing number of small and medium-sized enterprises in need of payment solutions is the cause of this.

• For instance, in November 2024, HSBC has launched a platform for managing domestic and international business payments. The new Smart Transact provides a single platform that lets businesses manage their transactions and access a current account, domestic and cross-border payment capability and the HSBCnet global banking platform. Smart Transact is available in India, the U.K, the U.S., Hong Kong, Singapore, Australia, Ireland, Netherlands and France.

Payment Method

Online payments, bank transfers, and credit cards make up the market by mode of payment. The target market is anticipated to be dominated by bank transfer methods. They have a large market share since online banking platforms have simplified bank transfers.

• For instance, in June 2022, Tassat Group Inc., the leading provider of private blockchain-based, B2B real-time payments and financial services solutions to banks, announced that Orlando, Florida-headquartered Cogent Bank has launched a fully-integrated digital banking platform powered by Tassat. The private permissioned blockchain-based payments platform, now available to Cogent Bank’s business-to-business (B2B) clients, is the latest adoption of TassatPay by a bank for use in its clients’ transactions.

Enterprise

The market is divided into small and medium-sized businesses and large businesses based on the type of business. Due to their intricate payment requirements, high transaction volumes, and requirement for advanced financial systems, large enterprises are superior to others.

• For instance, in November 2023, Tranch, a leading B2B payments platform, has rolled out its expanded product to major enterprise clients across the US. Tranch is the only checkout platform tailored for the software and services industry with a full suite of payment options including its Pay Now, Pay by Card and Pay Later product.

Industry

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

U.S. 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

The major companies in the U.S. B2B payments industry are using growth tactics include extensive distribution networks, solid brand recognition, and core investments. The companies are Mastercard., BILL OPERATIONS, LLC, Flywire, Block, Inc., and among others.

List of Key Players in the Market:

• Mastercard
• BILL OPERATIONS, LLC
• Flywire
• Block, Inc.
• Edenred Payment Solutions
• Payoneer Inc.
• American Express Company
• BILL OPERATIONS, LLC
• JP Morgan Chase & Co.
• Adyen
• Matercard,Inc.
• Visa, Inc.
• Samsung Pay

• In October 2024, Bank of America, a global leader in commercial cards, has expanded its Virtual Payables capabilities in EMEA1 with the launch of Virtual Payables Direct. The business-to-business (B2B) payment solution provides buyers with the usual working capital advantages of a card transaction such as extended payment terms in addition to a new enhancement that allows suppliers to be paid via a direct bank transfer.
• In August 2022, American Express, the leading Small Business Card issuer in the U.S.1, announced American Express Global Pay, a new digital solution that enables U.S. businesses to securely2 make domestic and international business-to-business (B2B) payments. Through this new digital solution, business customers can send payments funded from their business bank account to their suppliers in more than 40 countries, across a range of currencies, using a simple, mobile-friendly platform.

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