B2B payments in Asia-Pacific are projected to reach well over 558 billion USD in 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. APAC's B2B payments market value could reach over 1,145 billion U.S. dollars by 2031, for an estimated 10.4 percent CAGR (2022-2031). The source does not provide further figures on specific B2B categories, such as cross-border payments. Cross-border payment services - which includes B2B - in Asia-Pacific was said to be around 80 billion U.S. dollars in 2022.
Total B2B payments market size in Asia-Pacific (APAC) in 2022 and 2023, with a forecast for 2031
(in billion U.S. dollars)
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B2B payments value in billion U.S. dollars
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Straits Research. (May 26, 2023). Total B2B payments market size in Asia-Pacific (APAC) in 2022 and 2023, with a forecast for 2031 (in billion U.S. dollars) [Graph]. In Statista. Retrieved August 24, 2024, from https://www.statista.com/statistics/1448821/b2b-payments-value-in-asia-pacific/
Straits Research. "Total B2B payments market size in Asia-Pacific (APAC) in 2022 and 2023, with a forecast for 2031 (in billion U.S. dollars)." Chart. May 26, 2023. Statista. Accessed August 24, 2024. https://www.statista.com/statistics/1448821/b2b-payments-value-in-asia-pacific/
Straits Research. (2023). Total B2B payments market size in Asia-Pacific (APAC) in 2022 and 2023, with a forecast for 2031 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: August 24, 2024. https://www.statista.com/statistics/1448821/b2b-payments-value-in-asia-pacific/
Straits Research. "Total B2b Payments Market Size in Asia-pacific (Apac) in 2022 and 2023, with a Forecast for 2031 (in Billion U.S. Dollars)." Statista, Statista Inc., 26 May 2023, https://www.statista.com/statistics/1448821/b2b-payments-value-in-asia-pacific/
Straits Research, Total B2B payments market size in Asia-Pacific (APAC) in 2022 and 2023, with a forecast for 2031 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1448821/b2b-payments-value-in-asia-pacific/ (last visited August 24, 2024)
Total B2B payments market size in Asia-Pacific (APAC) in 2022 and 2023, with a forecast for 2031 (in billion U.S. dollars) [Graph], Straits Research, May 26, 2023. [Online]. Available: https://www.statista.com/statistics/1448821/b2b-payments-value-in-asia-pacific/
