PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1351348
PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1351348
According to SPER Market Research, 'North America B2B Payments Market Size- By Payment Type, By Enterprise Size, Payment Method, By Industrial Method - Regional Outlook, Competitive Strategies and Segment Forecast to 2033' state that the North America B2B Payments Market is predicted to reach USD 507.78 billion by 2033 with a CAGR of 7.83%.
Business-to-business (B2B) payments make recurrent, frequent transactions safer for merchants and give end users with a variety of processes such as accounts receivable, accounts payable, payroll, and acquisition departments. It could be a one-time or recurring transaction, depending on the contractual agreement between the buyer and seller. Because they take longer to authorize and settle, B2B payments are more complicated than B2C payments.
The COVID-19 epidemic has had a substantial impact on the B2B payment market in North America, altering corporate transactions and hastening the introduction of digital payment systems. Businesses have increasingly turned to digital channels to ensure firm continuity in the face of lockdowns, remote employment, and disruptions to traditional supply networks.