B2B payments in the United Kingdom are projected to reach well over 96 billion USD by 2023, and forecasts say it will continue to grow up until 2031. This is according to a research calculation that starts off in 2022 and models the future growth of business-to-business transactions within the country. The UK B2B payments market value could reach over 200 billion U.S. dollars by 2031, for an estimated 9.6 percent CAGR (2023-2031). The source does not provide further figures on specific B2B categories, such as cross-border payments. Cross-border payment services - which includes B2B - in Europe, Middle East, and Africa (EMEA) was said to be around 64 billion U.S. dollars in 2022.
Total B2B payments market size in the United Kingdom (UK) in 2022 and 2023, with forecasts for 2030 and 2031
(in billion U.S. dollars)
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Straits Research, & Statista. (May 26, 2023). Total B2B payments market size in the United Kingdom (UK) in 2022 and 2023, with forecasts for 2030 and 2031 (in billion U.S. dollars) [Graph]. In Statista. Retrieved December 23, 2024, from https://www.statista.com/statistics/1448797/b2b-payments-value-in-uk/
Straits Research, und Statista. "Total B2B payments market size in the United Kingdom (UK) in 2022 and 2023, with forecasts for 2030 and 2031 (in billion U.S. dollars)." Chart. May 26, 2023. Statista. Accessed December 23, 2024. https://www.statista.com/statistics/1448797/b2b-payments-value-in-uk/
Straits Research, Statista. (2023). Total B2B payments market size in the United Kingdom (UK) in 2022 and 2023, with forecasts for 2030 and 2031 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: December 23, 2024. https://www.statista.com/statistics/1448797/b2b-payments-value-in-uk/
Straits Research, and Statista. "Total B2b Payments Market Size in The United Kingdom (Uk) in 2022 and 2023, with Forecasts for 2030 and 2031 (in Billion U.S. Dollars)." Statista, Statista Inc., 26 May 2023, https://www.statista.com/statistics/1448797/b2b-payments-value-in-uk/
Straits Research & Statista, Total B2B payments market size in the United Kingdom (UK) in 2022 and 2023, with forecasts for 2030 and 2031 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1448797/b2b-payments-value-in-uk/ (last visited December 23, 2024)
Total B2B payments market size in the United Kingdom (UK) in 2022 and 2023, with forecasts for 2030 and 2031 (in billion U.S. dollars) [Graph], Straits Research, & Statista, May 26, 2023. [Online]. Available: https://www.statista.com/statistics/1448797/b2b-payments-value-in-uk/
