Global B2B Online Payments Trends 2024: Reveals By 2028, the Global B2B Payment Value is Forecasted to Reach EUR 115 Trillion
Technological Advancements Driving Efficiency and Security
AI, blockchain, and advanced E-Commerce platforms are revolutionizing B2B payments by automating accounts receivable and payable tasks, offering insights into payment trends, and integrating AI-driven systems for optimized operations. Digital and virtual payment methods, especially virtual cards, are gaining momentum and are expected to grow over 250% by 2028. These methods provide enhanced security, reduced fraud risk, and greater transaction efficiency, with 80% of U.S. B2B transactions projected to be digital by 2025.
Customer-Centric Payment Solutions
- B2B companies are focusing on personalized, flexible payment solutions to boost satisfaction and loyalty. Customized experiences through AI and self-service tools ensure timely, relevant information for customers.
- Regional Insights and growth in B2B Online Payments in North America and Europe
In North America, digital and automated payment solutions are rapidly adopted, with ACH B2B transactions in the U.S. set to exceed EUR 15 trillion by 2024. Europe sees significant growth in B2B E-Commerce sales, expected to reach EUR 1.7 trillion by 2025, with a strong adoption rate among businesses.
Questions Covered:
- How is artificial intelligence (AI) being used in the B2B online payments market?
- What is the projected global growth rate of virtual card payments in B2B transactions by 2028?
- What role does influencer marketing play in the B2B payments sector?
- What percentage of B2B transactions in the U.S. are expected to be digital by 2025?
- What are the key drivers behind the adoption of digital and virtual payment methods in B2B transactions?
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Table of Contents
1. Key Takeaways2. Management Summary
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- YouTube