US B2B Payments Report 2024: How Providers Can Capture a $16 Trillion Small Business Opportunity – Slow-to-digitize Small and Medium-sized Businesses (SMBs) Remain an Untapped Segment
Dublin, Aug. 22, 2024 (GLOBE NEWSWIRE) — The “US B2B Payments Forecast 2024: How Providers Can Capture a $16 Trillion Small Business Opportunity” report has been added to ResearchAndMarkets.com’s offering.
B2B payments is the largest addressable payments market in the US. Slow-to-digitize small and medium-sized businesses (SMBs) remain an untapped segment, and providers must understand their evolving payment needs to capitalize on the opportunity.
Key Question: What is driving B2B payment volume trends, and how can providers capitalize on these trends to capture SMB volume?
Key Stat: Check and cash payments have fallen from a majority share of B2B transaction value in 2019 to just 32.1% in 2024. That gives providers an opening to help businesses digitize and capture their volume.
Here’s what’s in the full report
- 2 Exportable files for easy reading, analysis and sharing.
- 5 Charts: Reliable data in simple displays for presentations and quick decision making.
- 1 Expert Perspective: Insights from industry and company leaders.
Key Topics Covered:
- Executive Summary
- B2B payments providers must meet complex and sometimes conflicting priorities for SMBs
- Checks and cash no longer reign supreme
- ACH payments are the big winner of B2B payments digitization
- Card payments are inching up
- Wire and other payments will stay flat this year, but change could be on the horizon
- How can B2B payment providers drive revenues going forward?
- Insider Intelligence Interviews
- Sources
- Media Gallery
Charts in This Report
- US B2B Payment Transaction Value Share, by Transaction Method, 2019 & 2024 (% of total)
- US Check and Cash B2B Payment Transaction Value, 2019-2024 (trillions and % change)
- US ACH B2B Payment Transaction Value, 2019-2024 (trillions and % change)
- US Card B2B Payment Transaction Value, 2019-2024 (trillions and % change)
- US Wire and Other B2B Payment Transaction Value, 2019-2024 (trillions and % change)
Interviewed for This Report
- Brandon Spear – TreviPay, CEO
For more information about this report visit https://www.researchandmarkets.com/r/ey8iw7
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