Regardless whether it is for the United States or the global perspective, the revenue found in the B2B payments market was far bigger than in B2C. The global B2B market, for instance, was estimated to be worth around 125 trillion U.S. dollars of which 25 trillion U.S. dollars was located in the United States. Interestingly, it is in the B2C side that most of the developments with digital payments occurred in recent years - such as contactless payments or mobile wallets. This was less so in the B2B segment, where not the payments themselves are the main focus but rather the transaction process, data required to make payments happen, or the administrative workflow. Because B2B payments are more "secluded"/less visible than an in-store payment, less data on this particular segment can be found. This can already be seen with the figures on display here, which are seemingly both on 2018 - despite a 2021 release - but this is not made immediately clear.
Payments market size for both B2C as well as B2B for the United States and worldwide perspective in 2018
(in trillion U.S. dollars)
Not much research has been found regarding the market size of the B2B market, especially. The only research that exists stems from January 2018 for the US - which seemingly continued in an global fashion since. This figure, however, has no year attached to it and has not changed since early 2020. Whether the global figures are as of 2018 - like the U.S. - is unknown.
Supplementary notes
The figures were collected by Statista from the following two sources:
United States: Y Combinator, which quoted SunTrust;
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Statista. (January 28, 2021). Payments market size for both B2C as well as B2B for the United States and worldwide perspective in 2018 (in trillion U.S. dollars) [Graph]. In Statista. Retrieved December 21, 2024, from https://www.statista.com/statistics/1251237/payments-market-size-usa-and-global/
Statista. "Payments market size for both B2C as well as B2B for the United States and worldwide perspective in 2018 (in trillion U.S. dollars)." Chart. January 28, 2021. Statista. Accessed December 21, 2024. https://www.statista.com/statistics/1251237/payments-market-size-usa-and-global/
Statista. (2021). Payments market size for both B2C as well as B2B for the United States and worldwide perspective in 2018 (in trillion U.S. dollars). Statista. Statista Inc.. Accessed: December 21, 2024. https://www.statista.com/statistics/1251237/payments-market-size-usa-and-global/
Statista. "Payments Market Size for Both B2c as Well as B2b for The United States and Worldwide Perspective in 2018 (in Trillion U.S. Dollars)." Statista, Statista Inc., 28 Jan 2021, https://www.statista.com/statistics/1251237/payments-market-size-usa-and-global/
Statista, Payments market size for both B2C as well as B2B for the United States and worldwide perspective in 2018 (in trillion U.S. dollars) Statista, https://www.statista.com/statistics/1251237/payments-market-size-usa-and-global/ (last visited December 21, 2024)
Payments market size for both B2C as well as B2B for the United States and worldwide perspective in 2018 (in trillion U.S. dollars) [Graph], Statista, January 28, 2021. [Online]. Available: https://www.statista.com/statistics/1251237/payments-market-size-usa-and-global/
