Global B2B Payment Trends 2020 code:1469

Global B2B Payment Trends 2020
OVERVIEW
TABLE OF CONTENTS
COMPANIES MENTIONED
Countries Covered: Australia, Canada, China, France, Germany, India, Italy, Japan, Russia, Spain, UK, USA
Pages: 80
Publication Date: 30/01/2020
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Questions Covered in the report:
  • What is the size of the global B2B payments market?
  • How high are B2B payments revenues in 2019 and what is the forecast for 2025 and beyond?
  • What are the key trends in global B2B payments?
  • Which technologies are most relevant for B2B payments and how are they transforming the industry?
  • Which payment methods are most used by businesses in selected top markets worldwide?

Key findings:

Technology transforms global B2B payments

Innovation trends in global B2B payments

B2B payments are becoming more digital, as the latest technological developments help reduce the complexities of corporate payments and power the emerging payment channels and means. Some of the top technologies disrupting the B2B payments landscape include AI, machine learning and blockchain. AI and machine learning help optimize the checkout process through the online channels, while blockchain is projected to enable cross-border B2B transactions worth several trillion U.S. dollars by 2024, according to a forecast cited in the yStats.com report, due to its ability to help reduce the costs and processing times of such transactions. Furthermore, B2B payment has been named the top beneficiary of the introduction of real-time payments across the globe.

B2B payment methods landscape

In terms of the payment methods, traditional payment means like checks and bank transfers still dominate the overall payment transaction volume in the top markets covered in the yStats.com report. However, there is also a trend towards a greater diversity of payment methods depending on the channel and usage. For example, credit cards are frequently used settlement means for business expense in Japan and the leading payment method used in the B2B E-Commerce checkout in the USA. Furthermore, surveys conducted in various countries across the world’s regions point to the rise of direct debit and digital wallets as means of payment for recurring costs and digital subscriptions. Another 2019 survey cited by yStats.com shows that offering a range of payment methods is essential for B2B sellers, with close to one in two buyers ready to abandon a purchase if their favorite payment method was not offered.

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1. Management Summary

2. Global

  • B2B Payment Trends, January 2020
  • Payments Revenues, in USD billion, and Breakdown by Consumer and Commercial, in %, 2019e  & 2025f
  • Wholesale Payments Revenues, in USD billion, and Breakdown by Revenue Type, in %, 2019e  & 2028f
  • Cross-Border Payment Flows, in USD trillion, Payments Revenue Margin, in %, and Payments Revenues, in USD billion, by Segments, 2018
  • Cross-Border B2B Payment Transactions Based on Blockchain, in USD billion, 2019e & 2024f
  • B2B Payment Transactions Processed by Pureplay Digital Operators, in USD trillion, 2018 & 2023
  • Payment Transactions Made With Virtual Corporate Cards, in USD billion, 2019e & 2022f
  • B2B E-Commerce Sales, in USD trillion, 2018 & 2024f
  • Share of B2B Buyers Who Prefer Digital Channels Over Traditional Ones, in %, April 2019
  • Top Features That Would Persuade B2B Buyers to Choose a Vendor When Evaluating the Alternatives in the B2B Buying Process, in % of B2B Buyers, February 2019
  • Top 3 Aspects of the B2B E-Commerce Buying Experience at the Purchase Stage, in % of B2B Buyers, February 2019
  • Reasons To Switch B2B Sellers, in % of B2B Buyers, March 2019
  • Top Ways In Which B2B Companies Could Make It Easier For Customers To Do Business With Them Online, in % of B2B Decision-Makers, August 2019
  • Top 3 Efficiencies For Which Small Businesses Choose Marketplaces, in % of Online Purchasing Decision-Makers, January 2019
  • Technologies Expected To Be Most Relevant for Corporate Treasury In The Next 2-3 Years, in % of Businesses, May 2019
  • Relevance of Selected Technologies for Payment Execution by Corporate Treasury, in % of Businesses, May 2019
  • Top Areas of Investment According to Treasurers, in %, 2019
  • Share of Businesses Making Regular Payments in More Than 6 Currencies, in % of Businesses, 2018 & 2019
  • Average B2B Payment Duration by Payment Terms, Payment Delay and Total Payment Duration, in Days, by Selected Regions, 2019
  • Average Share of Past Due B2B Invoices, in % of Total Value of B2B Invoices, by Selected Regions, 2019
  • Share of B2B Sales Made on Credit, in % of Total B2B Sales, by Selected Regions, 2019

3. Asia-Pacific

3.1. China

  • Breakdown of Digital B2B Payments Processed by Banks and Non-Bank Providers (FinTechs), in %, May 2019
  • Number of Bank and Non-Bank Providers Licensed To Accept B2B Payments For Merchants, in Units, May 2019
  • Top 5 Reasons to Make B2B Purchases Online, incl. Payment, in % of Procurement Specialists Preferring Online Purchasing Channels, H1 2019

3.2. Japan

  • Overview of B2B Payments Market, incl. Annual B2B Payments Transaction Value, in USD trillion, and Credit Cards’ Share of Commercial Payments, in %, December 2019
  • Share of Businesses Which Used Credit Cards to Pay for Expenses, in %, and Breakdown of Credit Card’s Share in Business Expenses, in %, November 2019
  • Share of Businesses Which Paid For Business Expenses by Invoice, in %, November 2019
  • Business Expenses Paid by Credit Cards and by Invoices, in % of Businesses Using Credit Cards/ Invoices to Pay for Expenses, November 2019

3.3. India

  • Top Reasons To Sell Via B2B E-Commerce Platforms, in % of Sellers, 2019

3.4. Australia

  • Payment Methods That Businesses Are Likely to Use in Selected Recurring Purchases, in % of Businesses, January 2019

4. North America

4.1. Regional

  • Breakdown of Commercial Expenditure by Payment Method, in %, 2018
  • Commercial Expenditure by Payment Method, in USD trillion, 2018

4.2. USA

  • Average Share of Checks in B2B Payments, in %, 2016 & 2019e
  • B2B Payments Value, in USD trillion, and Year-on-Year Change, in %, 2014-2024f
  • Commercial Card Expenditure, by Card Brand, Compared to Consumer Card Expenditure, in USD billion, 2018
  • Commercial Card Spending, in USD billion, 2017 – 2022f
  • Business Credit Or Charge Card Features Most Important to Small Businesses, in %, March 2018
  • Payments Segments That Real-Time Payments Are Expected to Benefit, in % of Treasury and Finance Professionals, May 2019
  • Top Factors Considered by When Choosing a Payment Method to Send Cross-Border Payments, in % of Treasury and Finance Professionals, May 2019
  • Breakdown of Mid-Size B2B Companies by State of Digitalization of Payments Streams, in %, August 2018
  • Experiences of B2B Buyers With Credit Cards At The Checkout, in % of B2B Buyers, June 2019
  • B2B Buyers’ Preferences At The Checkout, in % of B2B Buyers, June 2019
  • Share of B2B Buyers Who Have Not Completed An Online Purchase Because Their Preferred Payment Method Was Not Offered, in %, June 2019
  • Payment Methods That Businesses Are Likely to Use in Selected Recurring Purchases, in % of Businesses, January 2019

4.3. Canada

  • Breakdown of B2B Payments by Method, in %, 2018
  • Payment Methods That Businesses Are Likely to Use in Selected Recurring Purchases, in % of Businesses, January 2019

5. Europe

5.1. UK

  • Number of B2B Payments, in billions, 2016 – 2018
  • Selected Payment Methods’ Share of Outgoing Business Payments, in %, 2012 & 2018
  • Share of Businesses Accepting Payments Directly Into The Business Bank Account, by B2B Companies and B2C Companies, in %, 2018
  • Payment Methods That Businesses Are Likely to Use in Selected Recurring Purchases, in % of Businesses, January 2019

5.2. Germany

  • Payment Methods Offered in B2B Online Shops, in % of B2B Online Shops, October 2019
  • Breakdown of Payment Methods’ Relevance for Revenue, in % of B2B Online Shops, October 2019
  • Expected Importance of Payment Methods in B2B Commerce in Five Years, in % of B2B Online Shops, and Change Compared to 2019, in Percentage Points, October 2019
  • Actions That B2B Companies Plan to Take With Regard to the Payment Methods Offering, in %, August 2019
  • Payment Methods That Businesses Are Likely to Use in Selected Recurring Purchases, in % of Businesses, January 2019

5.3. France

  • Payment Methods That Businesses Are Likely to Use in Selected Recurring Purchases, in % of Businesses, January 2019

5.4. Spain

  • Payment Methods That Businesses Are Likely to Use in Selected Recurring Purchases, in % of Businesses, January 2019

5.5. Italy

  • Payment Methods Used in B2B Payments, in % of Large Businesses and SMEs, 2018
  • Share of Businesses Currently Using and Planning to Use Cryptocurrencies in B2B Transactions, in % of Large Businesses and SMEs, 2018

5.6. Russia

  • Estimated Share of B2B Payments Made by Card, in %, May 2019
  • Card Payments Made by Businesses, incl. Number of Cards Used, in millions, Number of Transactions, in millions, and Value of Transactions, in RUB billion, by Type of Transaction, 2014 – 2018 & Q1-Q3 2019
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  • HSBC Holdings Plc
  • MasterCard Inc.
  • Paypal Inc
  • Visa Inc.
  • Wells Fargo & Co.
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