US B2B Payments

How Innovators Are Setting About Capturing the Prize Share of a $27 Trillion Market

Report by Grace Broadbent  | Nov 17, 2021
Download
Report
Share
Table of Contents
Executive Summary
Key Points
Understanding the Opportunity
How Is the Industry Evolving?
Industry Consequences
Insider Intelligence Interviews
Read Next
Sources
Media Gallery
About This Report
Digitization is disrupting the B2B payments space, the largest addressable payments market. As the industry evolves, there will be a substantial opportunity for payment providers to meet changing preferences and capture market share.
Topics
Payments
Financial Services
United States
Table of Contents
Executive Summary
Key Points
Understanding the Opportunity
How Is the Industry Evolving?
Industry Consequences
Insider Intelligence Interviews
Read Next
Sources
Media Gallery

Executive Summary

Providers are competing to capture B2B payments market share. Though it’s the largest addressable payments market, it is still in the early stages of digitization—but evolving rapidly.

3 KEY QUESTIONS THIS REPORT WILL ANSWER

  • Which payment methods are driving B2B payment volume trends and why?
  • Which key innovations are driving growth in the space?
  • What are the implications for business- and merchant-facing payment incumbents?

WHAT’S IN THIS REPORT? This report takes an in-depth look at the rapidly evolving B2B payments space. We explore how market share will shift between payment methods, the transformative effect of innovation, and what all this means for incumbent payment players.

US B2B Payment Transaction Value, by Transaction Method, 2018-2022 (trillions)
E-Mail ChartDownload

KEY STAT: We forecast that US B2B payment transaction value will grow 7.8% year over year (YoY) this year to $27.542 trillion.

Here’s what’s in the full report

1file

Exportable files for easy reading, analysis and sharing.

11charts

Reliable data in simple displays for presentations and quick decision making.

9expert perspectives

Insights from industry and company leaders.

    Table of Contents

    1. Executive Summary
    2. Key Points
    3. Understanding the Opportunity
    1. How Is the Industry Evolving?
    2. Industry Consequences
    3. Insider Intelligence Interviews
    1. Read Next
    2. Sources
    3. Media Gallery

    Charts in This Report

    US B2B Payment Transaction Value, by Transaction Method, 2018-2022 (trillions)US B2B Payment Transaction Value, 2018-2022 (trillions and % change)
    Share of US B2B Payment Transaction Value, 2021 (% of total)US Check and Cash B2B Payment Transaction Value, 2018-2022 (trillions and % change)
    US Check and Cash Share of Total of B2B Payment Transaction Value, 2018-2022 (% of total B2B payment transaction value)US ACH Share of Total of B2B Payment Transaction Value, 2018-2022 (% of total B2B payment transaction value)
    US ACH B2B Payment Transaction Value, 2018-2022 (trillions and % change)US Card Share of Total of B2B Payment Transaction Value, 2018-2022 (% of total B2B payment transaction value)
    US Card B2B Payment Transaction Value, 2018-2022 (trillions and % change)US Wire and Other B2B Payment Transaction Value, 2018-2022 (trillions and % change)
    US Wire and Other Share of Total of B2B Payment Transaction Value, 2018-2022 (% of total B2B payment transaction value)

    Interviewed for This Report

    Dan Anthony
    Federal Reserve
    Chief Information Officer
    Interviewed September 22, 2021
    Josh Cypher
    Nvoicepay
    President
    Interviewed October 8, 2021
    Ryan Frere
    Flywire
    Executive Vice President and General Manager, B2B Payments
    Interviewed September 23, 2021
    Ken Montgomery
    Federal Reserve
    FedNow Program Executive
    Interviewed September 22, 2021
    Vijay Ramnathan
    MineralTree
    President
    Interviewed September 21, 2021
    Jed Rice
    Aliaswire
    CEO
    Interviewed September 24, 2021
    Rob Rosenblatt
    Behalf
    CEO
    Interviewed September 23, 2021
    Nick Stanescu
    Federal Reserve
    Senior Vice President and FedNow Business Executive
    Interviewed September 22, 2021
    Pat Thelan
    Ripple
    Vice President
    Interviewed October 7, 2021

    Access All Charts and Data

    Gain access to reliable data presented in clear and intelligible displays for quick understanding and decision making on the most important topics related to your industry, included at no extra cost.
    Gain Access to EMARKETER →
    Log in to EMARKETER

    authors

    Grace Broadbent

    Contributors

    Daniel Decea
    Researcher, Financial Services
    Nazmul Islam
    Junior Forecasting Analyst
    Jaime Toplin
    Senior Analyst