B2B Payments Market to Witness Massive Growth | Major Giants American Express, JPMorgan, PayPal

January 20 13:41 2021
B2B Payments Market to Witness Massive Growth | Major Giants American Express, JPMorgan, PayPal

B2B Payments Market
B2B Payments Market increasing investment by venture capital and private equity funds in the space is one of the key drivers of the market.

A new independent 150 page research with title ‘Global B2B Payments Market Insights by Application, Product Type, Competitive Landscape & Regional Forecast 2025’  guarantees you will remain better informed than your competition. The study covers geographic analysis that includes regions like North America, Europe or Asia and important players/vendors such as American Express (United States), Ant Financial Services (China), Bottomline Technologies, Inc. (United States), Coupa Software (United States), FleetCor Technologies, Inc. (United States), Intuit Inc. (United States), JPMorgan Chase (United States), SAP SE (Germany), PayPal Holdings Inc. (United States), Square, Inc. (United States), Zelle (United States), Apple (United States), Samsung With n-number of tables and figures examining the B2B Payments Market, the research gives you a visual, one-stop breakdown of the leading products, submarkets and market leader’s market revenue forecasts as well as analysis to 2025

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Industry Background:

B2B payments are payments made between two merchants for services or goods. Paper checks are still the most common way for businesses to pay each other. Digital B2B payments solutions make it faster to issue, receive, and process payments, all of which can improve a business’s cash flow. The increasing investment by venture capital and private equity funds in the space is one of the key drivers of the market. This growth is primarily driven by The Increasing Investment by Venture Capital and Private Equity Funds in the Space, Advances in Technology and Actionable Real-Time Data, The Surging Need for Customizable Payment Solutions among the Businesses Owing to Rapidly Changing Merchant Needs and The Upsurging Cross-border Payments Worldwide Due to International Trades.

 Globally, a noticeable market trend is evident Payment Automation on the Rise . Major Players, such as American Express (United States), Ant Financial Services (China), Bottomline Technologies, Inc. (United States), Coupa Software (United States), FleetCor Technologies, Inc. (United States), Intuit Inc. (United States), JPMorgan Chase (United States), SAP SE (Germany), PayPal Holdings Inc. (United States), Square, Inc. (United States), Zelle (United States), Apple (United States), Samsung (South Korea) and Google (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.

Key Developments in the Market:

 On 20 Nov. 2019, Citi has launched cross-border B2B payments platform., On 31 July 2019, American Express announced it signed an agreement to acquire acompaytm, a best-in-class, digital payment automation platform from ACOM Solutions, Inc., that helps business customers make supplier payments easily and securely, manage business spend, and improve cash flow. “acompaytm will be the newest addition to a series of B2B payment collaborations, strengthening our accounts payable automation capabilities and equipping our customers with the tools they need to improve the way they process and settle supplier payments and On 15 Feb. 2019, Barclaycard Commercial Payments, part of Barclays Bank PLC, announced a strategic partnership with SAP UK Limited. The partnership will see Barclaycard integrate its award-winning business-to-business (B2B) payment product, Precisionpay, into SAP Ariba solutions, the world’s largest B2B marketplace for modern business.

On 12 Sept 2019, Mastercard unveiled its plans to modernize the business-to-business (B2B) payment ecosystem with Mastercard TrackTM. The Track brand of products represents a transformational change for suppliers and buyers: solutions that will reduce complexity, cut costs and automate processes. and On 26 June 2019, Coupa Software, a leader in Business Spend Management (BSM), announced that its Coupa Pay offering will integrate with Stripe, the online payments platform. This will make virtual card payments simpler and faster for businesses that use the Coupa BSM Platform. Coupa is transforming B2B payments by removing complexity and weaving payments throughout business spend processes.

Market Drivers

 • The Increasing Investment by Venture Capital and Private Equity Funds in the Space

• Advances in Technology and Actionable Real-Time Data

• The Surging Need for Customizable Payment Solutions among the Businesses Owing to Rapidly Changing Merchant Needs

• The Upsurging Cross-border Payments Worldwide Due to International Trades

 

Market Trend

• Payment Automation on the Rise

• The Rise of Flexible Payment Options

• Collaboration and Simplified Integrations

• The Evolution of B2B Relationships

• Commercial Cards Have Been Gradually Gaining Traction in B2B Payments, Especially in Areas like Employee Expense Management

 

Restraints

 • Ongoing Technological and Regulatory Changes

• Fighting Cybercrime and Facilitating Compliance

 

Opportunities

Blockchain Technology for B2B Payments Can Open Lucrative Opportunities for the Market and The Emergence of Industry 4.0 Is Expected to Build-Up Bright Future of B2B Payments

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 Strategic Points Covered in Table of Content of Global B2B Payments Market Insights by Application, Product Type, Competitive Landscape & Regional Forecast 2025 Market:

Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Global B2B Payments Market Insights by Application, Product Type, Competitive Landscape & Regional Forecast 2025market. (Introduction, Scope of the Report)Chapter 2: Exclusive Summary – the basi

….Continued

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