B2B Payments Market Size 2022, Share, Industry Growth Report 2027
The latest research study “ B2B Payments Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027 ” by IMARC Group, finds that the global b2b payments market size reached a value of US$ 942.6 Billion in 2021 . Looking forward, IMARC Group expects the market to reach a value of US$ 1,563.5 Billion by 2027 , exhibiting a CAGR of 8.30% during 2022-2027. B2B payments are financial transactions used for exchanging goods or services between two or more businesses. They offer multiple payment options to improve cash flow, facilitating faster payments, and enable a quick expansion, and are processed using secure gateways. Since applications and tools automatically store payments, they help simplify accounts payable and receivable as with B2B payment solutions. As a result, B2B payments find extensive applications in the manufacturing, energy and utilities, information and technology (IT), metals and mining, banking, f...