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.
