Global B2B Payment Trends 2018
B2B payments increasingly done electronically according to new report from yStats.com
Payment processors eye opportunity in B2B transactions
The huge volume of business to business payments presents opportunities for FinTech companies and other technology-based fund transfer platforms to grow their share of the USD trillions in movement. The yStats.com report points out that about 50% of B2B payments worldwide are already done electronically, with further growth in this direction expected in the next five years.
Innovative technologies ease transition to digital B2B payments
Payment delay in the B2B is a challenge that new technology can help resolve. Though there are regional variations, the yStats.com report cites sources indicating that between a third and a half of B2B payments are past due. Innovations such as artificial intelligence and data analytics hold some hope for greater efficiency in the payment process. Mobile payment in the B2B arena is also on the rise, challenging the current domination of card and check payment.
- 1. Management Summary
- 2. Global Developments
- B2B Payment Trends, September 2018
- B2B Payment Value, in USD trillion, 2018e & 2028f
- Breakdown of the Monthly Volume of Transactions Paid by Card and by ACH/Check/Wire, in % of Businesses, May 2018
- Breakdown of the Number of Banks and Currencies Used in Payments, in % of Businesses, May 2018
- Share of Past Due B2B Receivables, in %, by Domestic and Foreign Payments, by Selected Regions, 2014 - 2018f
- Average Payment Duration by Invoice Due Day and Payment Delay, in Days, by Domestic and Foreign Payments, by Selected Regions, 2017 & 2018f
- Share of B2B Payments Made Electronically According to Accounts Payable and Finance Leaders, in %, May 2018
- Expected Evolution in Accounts Payable (AP), by Expected in Two Years and in Five Years, in % of Accounts Payable and Finance Leaders, May 2018
- Share of Corporate Treasurers Who Believe That Operational Model of Their Company is Changing as a Result of Sector Disruption, in %, June 2018
- Top 3 Disruptions to Existing Business Models According to Corporate Treasurers, in %, June 2018
- Breakdown of Disruptors Expected by Corporate Treasurers to Have the Greatest Impact on Treasury Functions and Payments in the Next 2-3 Years, in %, 2017
- Breakdown of the Relative Importance of Blockchain and APIs for Outbound Payments, in % of Corporate Treasurers, 2017
- Top 3 Technologies Most Beneficial to Their Organizations According to Corporate Treasurers, in %, June 2018
- Top 3 Uses of FinTechs According to Corporate Treasurers, in %, June 2018
- Interest in Moving from the Current Solution to a New Solution, in % of Respondents Among Corporate Treasurers, and Share of Respondents Planning to Continue with the Current Provider, in %, June 2018
- Trust in Providers Among Corporate Treasurers as Expressed in the Trust Index, by Region and Global, June 2018
- Cross-Border B2B Transactions Facilitated by FinTech and Disruptive Technologies, in USD trillion and in % of All Cross-Border B2B Transactions, 2017 & 2022f
- B2B E-Commerce Sales Compared to B2C E-Commerce Sales, in USD trillion, 2020f
- Top 4 Features Most Important to B2B E-Commerce Buyers, incl. “Payment Options”, in % of Respondents, March 2018
- Top 4 Payment Methods Accepted in B2B E-Commerce, in % of International B2B E-Commerce Companies, March 2018
- Share of B2B E-Commerce Companies Accepting Payment by Mobile Wallet, in %, March 2018
- Share of Treasurers Indicating Their Comfortability With Mobile B2B Payment Applications Has Improved Over the Past Year, in %, May 2018
- Overview of 11 Publicly Traded Companies Expected to be the Most Exposed to the B2B Payments Opportunity Over the Next Five Years, September 2018
- 3. Asia-Pacific
- 3.1. Regional
- Top Technology-Related Trends for B2B E-Commerce, incl. “Payment Solutions”, in % of B2B Companies, September 2018
- 3.2. China
- Share of Companies Experiencing Payment Delays of Over 120 Days, in %, 2016 & 2017
- Top 2 Reasons for Payment Delays in B2B Payments, by Domestic and Foreign Customers, in % of Respondents, 2017
- Breakdown of Third-Party Online Payment Providers Used by B2B E-Commerce Sellers, in % of B2B E-Commerce Sellers Using Third-Party Payment Platforms, October 2016
- 4. North America
- 4.1. Regional
- Channels Used by Companies to Receive Invoices, in % of Respondents, by Company Size, Q1 2018
- Breakdown of Payment Methods Used by Companies to Pay Invoices, in % of Respondents, by Company Size, Q1 2018
- 4.2. USA
- B2B Payments Value, Compared to B2C and C2C Payments, in USD billion, 2016
- Breakdown of B2B Payments by B2B E-Commerce and Other B2B Payments, in USD trillion, 2014 & 2020f
- Breakdown of B2B Payments by Payment Method As Perceived by Companies, in %, 2014, 2017e & 2020f
- Breakdown of Expected Costs of Real-Time B2B Payments, in % of Respondents Among Top Banks, Q1 2018
- Breakdown of Willingness to Offer Corporate Clients 24/7 Support for Real-Time Payments, in % of Respondents Among Top Banks, Q1 2018
- 4.3. Canada
- Breakdown of B2B Payments by Method, in %, 2016
- Credit Card’s Share of Business Spending, by SMEs and Large Businesses, in %, 2016
- 5. Europe
- 5.1. Regional
- Top 3 Reasons for Payment Delays in B2B Payments, in % of Respondents, April 2017
- 5.2. UK
- Number of B2B Payments, in billions, 2016 & 2017
- Clearing Systems Used by Finance Decision Makers at UK’s Top Private and Public Organizations to Make B2B Payments, in % of Respondents, May 2018
- 5.3. Germany
- Payment Methods Offered in B2B Online Shops, by Offered to New and Existing Customers, in % of B2B Online Shops, July 2018
- Evaluation of Importance of Payment Methods in B2B Commerce in Five Years, by High Relevance and Medium Relevance, in % of B2B Experts, and Change Between 2018 and 2023f, in %, July 2018
- Breakdown of Processing Payment Methods by In-House and Through External Provider, by Payment Methods, in % of B2B Online Shops, July 2018
- Most Important Factors in Choosing a Payment Service Provider in B2B E-Commerce, by High Relevance and Medium Relevance, in % of B2B Online Shops, July 2018
- Measures Used by B2B Online Shops to Reduce Risk, in %, July 2018
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