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About
US B2B Payments Forecast 2024
How Providers Can Capture a $16 Trillion Small Business Opportunity
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?
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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.
authors
Grace Broadbent
Contributors
- Suzy Davidkhanian
- Principal Analyst, Retail & Ecommerce
- Brian Lau
- Forecasting Analyst
- David Morris
- Principal Analyst
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