The B2B Payments Global Market Report 2023, provides comprehensive information on the B2B payments market across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.

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In accordance with The Business Research Company's B2B Payments Global Market Report for 2023, the outlook for the global B2B payments market is poised for significant transformation. This metamorphosis entails the anticipated expansion of the market size, with expectations set on the market to ascend from its valuation of $1,043.16 billion in 2022 to a projected $1,136.60 billion in 2023. Such an impressive ascent would be reflective of a sturdy compound annual growth rate (CAGR) of 9.0%. However, it is pivotal to recognize that the shadow of the Russia-Ukraine conflict looms large, casting a substantial impact on the prospects of global economic recovery in the aftermath of the COVID-19 pandemic, especially in the short term.

The protracted strife between these nations has elicited far-reaching consequences, manifesting in economic sanctions imposed on multiple countries, an unprecedented surge in commodity prices, and disconcerting supply chain disruptions. These interconnected factors have conspired to foment inflationary pressures that transcend the boundaries of goods and services, exerting their influence upon numerous markets across the globe. Nevertheless, amid these challenges, the global B2B payments market remains steadfast in its trajectory, with a forecasted market size of $1,603.00 billion by the year 2027, upheld by a commendable CAGR of 9.0%. The significance of B2B payments as a linchpin of commercial interactions and transactions in today's business landscape underscores its pivotal role in ensuring the seamless flow of financial transactions and optimizing the efficiency of global trade.

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The B2B payments landscape is undergoing a transformative shift, prominently marked by a surge in product innovations. Leading companies within this domain are channeling their efforts into pioneering technological solutions, thereby reinforcing their market presence. An illustrative case in point transpired in December 2022 when American Express, a renowned US-based provider of financial services specializing in payment cards, unveiled Amex Business Link. This digital marvel represents a sophisticated B2B payment ecosystem meticulously crafted for network issuing and acquiring participants.

Amex Business Link stands out for its unparalleled design, seamlessly integrating with all customer relationship management (CRM) and enterprise resource planning (ERP) systems that are API-compatible. Its specialized architecture boasts advanced reporting and reconciliation features, elevating efficiency and accuracy in financial transactions. Moreover, this innovative platform extends support to both domestic and international transactions, accommodating a wide array of payment methods, including card and non-card payments. This versatility ensures convenient payment solutions for entities of all scales, fostering a streamlined financial landscape.

Furthermore, Amex Business Link goes above and beyond mere transaction facilitation. It empowers buyers and suppliers alike with dynamic data, enabling automatic reconciliation processes. Additionally, it provides invaluable insights into sales and purchases, offering stakeholders a comprehensive overview of their financial interactions. This multifaceted approach not only streamlines payment processes but also enhances transparency and financial intelligence within the B2B payments ecosystem, thereby ushering in a new era of efficiency and informed decision-making.

The B2B payments market is segmented:

1) By Payment Type: Domestic Payments, Cross-Border Payments

2) By Payment Mode: Bank Transfer, Cards, Other Payment Modes

3) By Enterprise Size: Large Enterprises, Medium-Sized Enterprises, Small-Sized Enterprises

4) By Industry Vertical: Manufacturing, IT And Telecom, Metals And Mining, Energy And Utilities, Banking, Financial Services And Insurance, Government Sector, Other Industry Vertical

Asia-Pacific was the largest region in the B2B payments market in 2022.

The table of contents in TBRC’s B2B payments market report includes:

Executive Summary
B2B Payments Market Characteristics
B2B Payments Market Trends And Strategies
B2B Payments Market - Macro Economic Scenario
B2B Payments Market Size And Growth
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Africa B2B Payments Market
B2B Payments Market Competitive Landscape And Company Profiles
Key Mergers And Acquisitions In The B2B Payments Market
B2B Payments Market Future Outlook and Potential Analysis
Appendix
Top 5 Major Key Players Are:

American Express Company
Bank of America Corporation
Capital One Financial Corporation
Mastercard Inc
Payoneer Global Inc
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