Cross-Border B2B Payments to Surpass $40 Trillion Globally by 2024, as Marketplace eCommerce Models Surge

A new study from Juniper Research has found that the global spend on B2B cross-border payments will exceed $40 trillion by the end of 2024; increasing from $37 trillion in 2022. This growth of $3 trillion (9%) will be driven by the rising popularity of eCommerce marketplaces, where eCommerce merchants are based in international locations; selling goods internationally via locally based eCommerce services.

A cross-border B2B payment is any payment between businesses for goods or services made internationally; irrespective of the different payment methods involved.

To find out more, see the new report: B2B Payments: Key Opportunities, Segment Analysis & Market Forecasts 2022-2027

Download the free white paper: How Automation Is Unlocking the B2B Payments Market

Source: https://www.juniperresearch.com/home