Europe B2B Payments Market Size & Outlook, 2025-2033

Europe B2b Payments Market Size

Europe B2B payment market size was valued at USD 509.90 Billion in 2024 and is expected to reach from USD 551.71 Billion in 2025 to USD 1121.39 Billion by 2033, growing at a CAGR of 8.2% during the forecast period (2025–2033). 

Business-to-business (B2B) payment promotes safer transactions for merchants requiring recurring, periodic transactions and offers a variety of tasks to end users, including accounts receivable, accounts payable, payroll, and acquisition departments. It may involve a one-time or recurring transaction based on the buyer and seller's contractual arrangement. Business-to-business (B2B) payments are more complex than business-to-consumer (B2C) payments because B2B payment processing takes longer to approve and settle the transaction.

The Europe B2B payment market includes the United Kingdom, Germany, France, Italy, Spain, and the rest of Europe. B2B payment systems are utilized by business owners in the United Kingdom, Germany, and France because they increase cross-border payments' speed, transparency, and efficiency, thereby accelerating market growth. In addition, a rise in the adoption of innovative cash management, trade finance, and online B2B purchasing is anticipated to offer lucrative opportunities for market expansion during the forecast period.

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Europe B2b Payments Market Growth Factors

Increased Demand from Some Businesses

Several industries, such as healthcare and retail, experienced a surge in demand during the pandemic, increasing demand for products and services, which contributed to an increase in B2B payments. The move from cash payments to digital transactions during the pandemic further drove the need for B2B payments. Hence, the global health crisis has moderately damaged the B2B payment business. Nonetheless, industries such as healthcare and others have contributed significantly to the growth of B2B payments, which has had a favorable effect on the B2B payments market.

B2B payment providers have developed new solutions and implemented new technology to overcome obstacles. Automating accounts payable, e-invoicing, and digitizing payments are some of the B2B payment industry innovations. These capabilities have facilitated the execution of cashless B2B transactions from remote places.

Market Restraint

Impact of the Covid Pandemic

As a result of the unprecedented COVID-19 epidemic, a lockdown was implemented in many sectors, and enterprises were forced to implement several operational modifications. Due to restrictions imposed by the government on the flow of goods, transportation, import and export bans, travel restrictions, event cancellations, and others, many businesses have suffered losses and interruptions.

In addition, due to these abnormalities in business operations, B2B payments have been harmed by low demand for goods and services, an erratic supply chain, and the liquidation of businesses. In addition, the number of business-to-business (B2B) transactions decreased due to government-imposed limitations, resulting in a reduction in B2B payments.

Market Opportunity

Adoption of Instant Payment Technology

Increased adoption of instant payment technology by businesses, enhancements to the commercial cash management system, and a rise in the corporate sector's use of digital banking services are some of the significant factors that boost business owners' adoption of B2B payment technology. Additionally, several banks and financial institutions have partnered with payment technology providers to offer corporate clients digital payment services. For instance, Deutsche Bank, one of Germany's leading financial service providers, announced a partnership with software development company Modo. This partnership enables Deutsche Bank to expand its corporate and institutional clients' B2B and B2C payment capabilities. Consequently, this is regarded as a significant factor driving the expansion of the European market. In addition, merchants' increasing use of online payment cards and mobile wallets to purchase goods from wholesalers is anticipated to create lucrative opportunities for B2B payment technology providers in the coming years.

Regional Insights

Europe is the second-largest region globally and is projected to grow at a CAGR of 9.4%. Increasing adoption of instant payment technology among businesses, improvements in commercial cash management systems, and a rise in the use of digital banking services in the corporate sector are among the most critical factors influencing the adoption of B2B payment technology among business owners. Moreover, several banks and financial institutions have joined with payment technology companies to offer digital payment services to business clients. In addition, merchants' growing use of online payment cards and mobile wallets to acquire items from wholesalers is anticipated to create attractive prospects for companies that provide B2B payment technologies in the coming years.

Segmental Insights

Europe B2B Payments Market is segmented into five categories: Payment Type, Payment Mode, Enterprise Size, and Industry Vertical.

Based on the transaction type, the B2B payment market is bifurcated into domestic payments and international payments.

The domestic payments sector owns the highest market and is expected to grow at a CAGR of 8.7% over the projected period.

Based on the Payment Method, the global B2B Payment market is split into traditional and digital submarkets.

The digital mode dominates the market and is expected to develop at a CAGR of 11% over the projected period.

The B2B payment market is categorized based on Payment Method into ACH, Wire, Cheque, Cash, and others.

ACH method is predicted to increase at a CAGR of 8.7% during the projection period, making them an important segment.

The B2B payment market is split by industry vertical into manufacturing, IT and telecom, metals and mining, energy and utilities, BFSI, and other segments.

The manufacturing segment dominates the market and is estimated to increase at a CAGR of 8.1% over the projection period.

The B2B payment market is categorized based on enterprise size into major organizations, medium-sized enterprises, and small businesses.

The large industries dominate the sector and are anticipated to increase at a CAGR of 6.4% during the projection period.

List of key players in Europe B2B Payments Market

1. Aurus Inc.
2. Adyen
3. PayPal Inc.
4. Novatti Group Limited
5. Visa
6. Stripe Inc.
7. Google, LLC
8. Finastra.
9. Amazon Web Services, Inc.
10. Financial Software and Systems Pvt. Ltd.
11. Apple Inc.
12. Fiserv Inc.

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