Cross-border B2B payments to exceed $40 trillion by 2024
Posted: Mon Jan 20, 2025 5:00 am
Cross-border B2B payments are expected to reach $37 trillion by 2023. Growth is estimated at 9% by the end of next year, reaching $40 trillion .
This growth will be mainly due to the popularity of marketplaces , according to a study conducted by Juniper Research.
Virtual sales have had a significant impact in reaching this figure, due to the increase in instant payments .
The major difficulty that remains to this day is that these immediate international payments vnpay database have various restrictions that make their process difficult, and they can only be made in some countries .
What does it take to increase cross-border transactions?
“B2B payment providers are encouraged to offer features such as integrated virtual cards and virtual IBANs (international bank account numbers) for local payments to properly address these challenges,” Ecommerce News notes.
Cross-border payments towards 2027
The figure is expected to reach over $111 trillion by the end of 2027 .
This 26% growth will be due to rising prices caused by inflation, as well as economic growth in developing countries.
What are you waiting for to digitize your B2B sale
This growth will be mainly due to the popularity of marketplaces , according to a study conducted by Juniper Research.
Virtual sales have had a significant impact in reaching this figure, due to the increase in instant payments .
The major difficulty that remains to this day is that these immediate international payments vnpay database have various restrictions that make their process difficult, and they can only be made in some countries .
What does it take to increase cross-border transactions?
“B2B payment providers are encouraged to offer features such as integrated virtual cards and virtual IBANs (international bank account numbers) for local payments to properly address these challenges,” Ecommerce News notes.
Cross-border payments towards 2027
The figure is expected to reach over $111 trillion by the end of 2027 .
This 26% growth will be due to rising prices caused by inflation, as well as economic growth in developing countries.
What are you waiting for to digitize your B2B sale