▾ G11 Media Network: | ChannelCity | ImpresaCity | SecurityOpenLab | GreenCity | Italian Channel Awards | Italian Project Awards | ...
InnovationOpenLab

Juniper Research: B2B Payments to Reach $124 Trillion Globally by 2028, as Instant Payment Rails Revolutionise Cross-border Payments

#b2bcrossborderpaymentsmarketsize--A new study from Juniper Research, the foremost experts in payments markets, has found the value of B2B payments will grow 40% by 2028, from $89 trillion in 2024, du...

Business Wire

BASINGSTOKE, England: #b2bcrossborderpaymentsmarketsize--A new study from Juniper Research, the foremost experts in payments markets, has found the value of B2B payments will grow 40% by 2028, from $89 trillion in 2024, due to digital payment adoption in developing markets.

Instant payments will revolutionise B2B payments by enabling cheaper and more secure cross-border trade, with instant payments reaching 42% of all cross-border payments by 2028, at $16 trillion; up from just 17% in 2024, at $5 trillion.

Find out more about the new report: Global B2B Payments Market 2024-2028, or download a free sample.

Instant Payment Innovation Cutting Costs for Businesses

The research anticipates the adoption of ISO 20022, a universal standard for instant payments’ financial messaging, will drive third-party providers to build additional value-added services that create efficiencies for businesses. The extra remittance data that modern systems support can enable use cases such as automated accounting; drawing businesses to modern payment rails.

Report author Michael Greenwood stated: “The key advantage of the messaging language used in ISO 20022 is that messages are easier for machines to read. This makes it simpler to develop AI-based solutions around these payments; driving innovation.”

Digital Wallets Critical to Serving Small Businesses in Emerging Markets

The research found in many emerging markets, there were gaps in the access to banking for smaller businesses. This was restricting digital access and innovation. To better serve smaller businesses, B2B payment providers must focus on offering B2B payment capabilities via popular local digital wallets and mobile money services. This approach can then provide improved access to low‑cost digital payments, and can help B2B providers to create value-added services offering access to credit; a key pain point for small businesses.

About the Research Suite

The new market research suite offers the most comprehensive assessment of the B2B Payments market to date; providing analysis and forecasts of over 65,000 datapoints across 60 markets over five years. It includes a ‘Competitor Leaderboard’ and examination of current and future market opportunities.

View the B2B Payments market research: https://www.juniperresearch.com/research/fintech-payments/core-payments/b2b-payments-research-report/

Download the free sample: https://www.juniperresearch.com/resources/whitepapers/how-b2b-payments-are-becoming-instant/

Juniper Research has, for two decades, provided market intelligence and advisory services to the global financial sector, retained by many of the world’s leading banks, intermediaries and providers.

Fonte: Business Wire

If you liked this article and want to stay up to date with news from InnovationOpenLab.com subscribe to ours Free newsletter.

Related news

Last News

A capital increase for the Italian venture builder FoolFarm

FoolFarm launches €9 million capital increase targeting IPO and unveils new investment committee.

ShopFully goes shopping in Spain (again)

ShopFully, the Italian company leader in Europe in drive-to-store solutions, acquired the Spanish Ofertia.

Sicily is more and more digitally connected

Thanks to EXA Infrastructure investments, more routes provide rapid access to mainland Italy and beyond

Italian startup Audio Innova combines AI and metaverse for art preservation

Audio Innova won the first prize in the "Creative AI" category at WAICF in Cannes

Most read

ServiceNow to Acquire Atrinet NetACE Network Technology to Accelerate…

Mobile World Congress -- ServiceNow (NYSE: NOW), the leading digital workflow company making the world work better for everyone, today announced it has…

A capital increase for the Italian venture builder FoolFarm

FoolFarm launches €9 million capital increase targeting IPO and unveils new investment committee.

CIBC Innovation Banking Provides Growth Capital to InsightRX

CIBC Innovation Banking announced today that it has provided growth financing to InsightRX, a San Francisco-based software company leveraging quantitative…

OrdinalsBot Mints Full BRC-20 Token Supply in a Single Bitcoin Transaction…

OrdinalsBot, a premier technology infrastructure company which provides API solutions for Bitcoin Ordinals and BRC-20s, has minted the full supply of…

Newsletter signup

Join our mailing list to get weekly updates delivered to your inbox.

Sign me up!