Market Size in 2021 | Market Forecast in 2028 | CAGR (in %) | Base Year |
---|---|---|---|
USD 942.67 Billion | USD 1564 Billion | 8.35% | 2021 |
FrequentlyAsked Questions
The global B2B payments platform market growth may be attributed to the rising transactions taking place between various business models. One of the key aspects that have aided the growth in adoption rate is the increasing international export and import between economies since international trade occurs between organizations that deal with heavy funds.
According to Zion Market Research, the global B2B payments platform market size was worth around USD 942.67 billion in 2021 and is predicted to grow to around USD 1564 billion by 2028 with a compound annual growth rate (CAGR) of roughly 8.35% between 2022 and 2028
The global B2B payments platform market is expected to be dominated by North America in the coming years because of increased investment in the field of transaction network security in countries like the USA and Canada.
The global B2B payments platform market is dominated by players like Mastercard, Square Inc., Bank of America Corporation, American Express, PayPal Holdings Inc.,Visa Inc., TransferWise Ltd., and Stripe.
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