A new study by global technology analysts Juniper Research has projected that B2B payments will exceed US$224 trillion in transaction value worldwide by 2030, up from US$186 trillion in 2025.
This 20% increase is expected to be driven by economic growth in emerging markets, as business activity and trade diversify.
The research identified virtual cards as the fastest-growing B2B payment channel over the next five years, with a projected 370% increase in transaction value.
The report highlighted the configurability of virtual cards and their integration within procurement processes as key factors in their rapid growth.
“Unlocking card acceptance in emerging markets is the linchpin for the next wave of B2B card transaction growth. Supplier acceptance remains a major hurdle, but deploying low-cost acceptance solutions across key supply chain networks will accelerate adoption. This strategy positions virtual cards to ride the strong growth trajectory of emerging markets,”
explained Michael Greenwood, Senior Research Analyst at Juniper Research.
Juniper Research’s recent B2B Payments Competitor Leaderboard assessed 19 major B2B payments providers against criteria such as size of operations, commercial proposition, and the comprehensiveness of payments capabilities.
The top five vendors for 2025 are:
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The study found that leading providers are focusing on expanding their virtual card offerings, enhancing card portfolios with new use cases and controls.
“To differentiate, specialists must offer tools that tackle the many inefficiencies within B2B payments. B2B payments systems must reduce complexity, not increase it, or vendors will lose out to faster-moving rivals,”
Greenwood added.
Juniper Research’s new market research suite provides an extensive assessment of the B2B payments market, including analysis and forecasts based on over 61,000 data points across 61 countries over five years.
It features a Competitor Leaderboard and an evaluation of future market opportunities.
Featured image credit: Edited by Fintech News Switzerland, based on image by starline via Freepik
