B2B digital payments number in Europe 2018-2023 with forecasts to 2028

Published by
Raynor de Best
,
Jan 21, 2025

The number of digital B2B payments in Europe is forecast to increase by nearly 40 billion after 2023, as businesses move away from cash money. This is according to research from Capgemini Research Institute for Financial Services Analysis. In 2023 - the most recent year estimated by the source - 51.6 billion cashless transactions were carried out in Europe in the B2B segment, the highest amount of all regions worldwide. The source does not clearly state clear whether this includes both domestic and cross-border payments. It does point towards the importance of Swift and ISO 20022, as these initiatives hope to improve B2B cross-border payments in regions such as EMEA (Europe, Middle East, Africa).

Total number of cashless B2B and retail payment transactions in Europe from 2014 to 2023, with forecasts for 2024 and 2028 (in billions)

CharacteristicB2B/CommercialRetail
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Showing entries 1 to 6 (6 entries in total)
Statistic: Total number of cashless B2B and retail payment transactions in Europe from 2014 to 2023, with forecasts for 2024 and 2028 (in billions)

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Sources

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Release date

October 2024

Region

Europe

Survey time period

October 2024

Special properties

The B2B digital transaction volume for Europe is projected a 11.6 percent increase in 2024, and a 11.7 percent CAGR for 2023-2028; The retail digital transaction volume for Europe is projected a 16.2 percent increase in 2024, and a 12.1 percent CAGR for 2023-2028.

Supplementary notes

The source adds that commercial payments consists of payments between businesses, and do not include individuals. Figures for "retail" have been calculated by Statista.

The source does not provide figures for individual countries.

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