North America B2B Payments Market Size and Share - Outlook Report, Forecast Trends and Growth Analysis (2025-2034)
Market Report I 2025-06-30 I 171 Pages I EMR Inc.
The North America B2B payments market size is estimated to expand at a CAGR of 9.10% in the forecast period of 2025-2034. The market is expected to be aided by the heightened adoption of digital payments modes by the population, coupled with the region's well-established payments infrastructure.
Key Trends in the Market
B2B payments refer to the exchange of currencies between businesses (a buyer and a supplier) in return of goods or services. Being an inter-commerce transaction, it does not involve a consumer but businesses including corporations, start-ups, retailers, and wholesalers. Based on the agreement between buyer and seller, these payments can be recurring or single transactions. Some of the popular modes of payment include cash, credit cards, digital payment platforms, and others.
- The rapid adoption of digital payments methods among business entities is among the key North America B2B payments market trends. With technological advancements and innovations in the payments industry, digital payments have become more secure and faster when compared to traditional methods.
- Incorporation of new strategies, collaborations between market players, and new product launches further support companies and enterprises to automate operations and integrate digital payment solutions into their systems. The usage of AI and machine learning makes the entire process much more smoother and faster whilst contributing to the business growth.
- Increase in cross-border transactions due to rise in global trade between businesses also widens the scope of B2B payments. Improved data insights and usage of new tools and platforms aid businesses in optimising their performance by keeping a track of their spendings, thereby aiding the North America B2B payments market demand.
Market Segmentation
The EMR's report titled "North America B2B Payments Market Report and Forecast 2025-2034" offers a detailed analysis of the market based on the following segments:
Market Breakup by Payment Type
- Domestic Payments
- Cross-Border Payments
Market Breakup by Payment Mode
- Traditional
- Digital
Market Breakup by Enterprise Size
- Large Enterprises
- Small and Medium-sized Enterprises
Market Breakup by End Use
- BFSI
- Manufacturing
- IT and Telecom
- Metals and Mining
- Energy and Utilities
- Others
Market Breakup by Region
- United States of America
- Canada
Market Share by Payment Mode
Despite the growing popularity of digital payments, traditional payments mode still dominate the market due to the familiarity of businesses with this system. As per the North America B2B payments market analysis, a large demographic still relies on bank transfers and usage of cheques due to the years of usage and willingness to follow the norms. Few businesses also prefer to stick to the traditional method to meet legal obligations, as the traditional method align better with the government regulations. Meanwhile, the preference for digital payments is expected to increase significantly in the forecast period due to the speedy transfers and convenience of transactions. Besides, companies are constantly working on making digital payments more secure, lowering the risk of data breaches and counterfeit fraud.
Market Share by Region
The US holds a substantial portion of the North America B2B payments market share due to the presence of advanced and well-established payments infrastructure in the country. The increasing global trade activities and the growing economy of the US also contribute to the market growth. The favourable government policies, improvements in security aspect of digital payments methods, and innovations by market players are likely to provide a boost to the country's B2B payments ecosystem.
Competitive Landscape
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the North America B2B payments market covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
American Express Company
American Express Company, founded in 1850, is a multinational financial corporation headquartered in New York, United States. The company provides digital payments solutions that are used by merchants in over 40 countries.
JPMorgan Chase & Co.
JPMorgan Chase & Co., founded in 1871, is a financial institution that specialises in investment banking and asset management. Headquartered in New York, United States, the company has a presence in over 60 markets.
Bank of America Corporation.
Bank of America Corporation., founded in 1923 and based in North Carolina, United States, is an investment bank, providing financial solutions to small scale businesses and large corporations worldwide.
Other market players include Citigroup Inc., Capital One Financial Corp, Mastercard Inc., PayPal Holdings Inc., Visa Inc., Stripe, Inc., and VeriFone, Inc.
1 Executive Summary
1.1 Market Size 2024-2025
1.2 Market Growth 2025(F)-2034(F)
1.3 Key Demand Drivers
1.4 Key Players and Competitive Structure
1.5 Industry Best Practices
1.6 Recent Trends and Developments
1.7 Industry Outlook
2 Market Overview and Stakeholder Insights
2.1 Market Trends
2.2 Key Verticals
2.3 Key Countries
2.4 Supplier Power
2.5 Buyer Power
2.6 Key Market Opportunities and Risks
2.7 Key Initiatives by Stakeholders
3 Economic Summary
3.1 GDP Outlook
3.2 GDP Per Capita Growth
3.3 Inflation Trends
3.4 Democracy Index
3.5 Gross Public Debt Ratios
3.6 Balance of Payment (BoP) Position
3.7 Population Outlook
3.8 Urbanisation Trends
4 Country Risk Profiles
4.1 Country Risk
4.2 Business Climate
5 Global B2B Payments Market Analysis
5.1 Key Industry Highlights
5.2 Global B2B Payments Historical Market (2018-2024)
5.3 Global B2B Payments Market Forecast (2025-2034)
5.4 Global B2B Payments Market by Region
5.4.1 North America
5.4.2 Europe
5.4.3 Asia Pacific
5.4.4 Latin America
5.4.5 Middle East and Africa
6 North America B2B Payments Market Analysis
6.1 Key Industry Highlights
6.2 North America B2B Payments Historical Market (2018-2024)
6.3 North America B2B Payments Market Forecast (2025-2034)
7 North America B2B Payments Market by Payment Type
7.1 Domestic Payments
7.1.1 Historical Trend (2018-2024)
7.1.2 Forecast Trend (2025-2034)
7.2 Cross-Border Payments
7.2.1 Historical Trend (2018-2024)
7.2.2 Forecast Trend (2025-2034)
8 North America B2B Payments Market by Payment Mode
8.1 Traditional
8.1.1 Historical Trend (2018-2024)
8.1.2 Forecast Trend (2025-2034)
8.2 Digital
8.2.1 Historical Trend (2018-2024)
8.2.2 Forecast Trend (2025-2034)
9 North America B2B Payments Market by Enterprise Size
9.1 Large Enterprises
9.1.1 Historical Trend (2018-2024)
9.1.2 Forecast Trend (2025-2034)
9.2 Small and Medium-sized Enterprises
9.2.1 Historical Trend (2018-2024)
9.2.2 Forecast Trend (2025-2034)
10 North America B2B Payments Market by End Use
10.1 BFSI
10.1.1 Historical Trend (2018-2024)
10.1.2 Forecast Trend (2025-2034)
10.2 Manufacturing
10.2.1 Historical Trend (2018-2024)
10.2.2 Forecast Trend (2025-2034)
10.3 IT and Telecom
10.3.1 Historical Trend (2018-2024)
10.3.2 Forecast Trend (2025-2034)
10.4 Metals and Mining
10.4.1 Historical Trend (2018-2024)
10.4.2 Forecast Trend (2025-2034)
10.5 Energy and Utilities
10.5.1 Historical Trend (2018-2024)
10.5.2 Forecast Trend (2025-2034)
10.6 Others
11 North America B2B Payments Market by Country
11.1 United States of America
11.1.1 Historical Trend (2018-2024)
11.1.2 Forecast Trend (2025-2034)
11.2 Canada
11.2.1 Historical Trend (2018-2024)
11.2.2 Forecast Trend (2025-2034)
12 Market Dynamics
12.1 SWOT Analysis
12.1.1 Strengths
12.1.2 Weaknesses
12.1.3 Opportunities
12.1.4 Threats
12.2 Porter's Five Forces Analysis
12.2.1 Supplier's Power
12.2.2 Buyer's Power
12.2.3 Threat of New Entrants
12.2.4 Degree of Rivalry
12.2.5 Threat of Substitutes
12.3 Key Indicators for Demand
12.4 Key Indicators for Price
13 Competitive Landscape
13.1 Supplier Selection
13.2 Key Global Players
13.3 Key Regional Players
13.4 Key Player Strategies
13.5 Company Profiles
13.5.1 American Express Company
13.5.1.1 Company Overview
13.5.1.2 Product Portfolio
13.5.1.3 Demographic Reach and Achievements
13.5.1.4 Certifications
13.5.2 JPMorgan Chase & Co.
13.5.2.1 Company Overview
13.5.2.2 Product Portfolio
13.5.2.3 Demographic Reach and Achievements
13.5.2.4 Certifications
13.5.3 Bank of America Corporation.
13.5.3.1 Company Overview
13.5.3.2 Product Portfolio
13.5.3.3 Demographic Reach and Achievements
13.5.3.4 Certifications
13.5.4 Citigroup Inc.
13.5.4.1 Company Overview
13.5.4.2 Product Portfolio
13.5.4.3 Demographic Reach and Achievements
13.5.4.4 Certifications
13.5.5 Capital One Financial Corp
13.5.5.1 Company Overview
13.5.5.2 Product Portfolio
13.5.5.3 Demographic Reach and Achievements
13.5.5.4 Certifications
13.5.6 Mastercard Inc.
13.5.6.1 Company Overview
13.5.6.2 Product Portfolio
13.5.6.3 Demographic Reach and Achievements
13.5.6.4 Certifications
13.5.7 PayPal Holdings Inc.
13.5.7.1 Company Overview
13.5.7.2 Product Portfolio
13.5.7.3 Demographic Reach and Achievements
13.5.7.4 Certifications
13.5.8 Visa Inc.
13.5.8.1 Company Overview
13.5.8.2 Product Portfolio
13.5.8.3 Demographic Reach and Achievements
13.5.8.4 Certifications
13.5.9 Stripe, Inc.
13.5.9.1 Company Overview
13.5.9.2 Product Portfolio
13.5.9.3 Demographic Reach and Achievements
13.5.9.4 Certifications
13.5.10 VeriFone, Inc.
13.5.10.1 Company Overview
13.5.10.2 Product Portfolio
13.5.10.3 Demographic Reach and Achievements
13.5.10.4 Certifications
13.5.11 Others
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