#Factoftheweek
$224 trillion
B2B global payments
20% growth rate in five years.
By 2030, global B2B payments are expected to rise to $224 trillion, up from $186 trillion in 2025, which is roughly a 20% growth rate in five years.
One of the biggest accelerators is virtual cards, which is predicted to see a 370% increase in transaction value.
Why?
- New emerging markets like rising trade, new supply chains, and greater globalization.
- Demand for more automated payment.
- The ability for greater control and flexibility of complex B2B transactions.
The reality is players who build embedded, frictionless pay may capture more value. Of course, there are always risks. Companies must consider compliance, fraud, and interoperability, which will present challenges as B2B payments get smarter.
In your experience, what have been the biggest blockers to adopting virtual cards or B2B payments?
How are you preparing your systems or architecture to support this evolution? How can we address the risks?