UK B2B Payments Market 2024-2028

Description

'UK B2B Payments Volume to Surpass 10 Billion by 2028, as Payment Automation Powers Efficiencies'

KEY STATISTICS
Total UK B2B transaction value in 2024:	$2.8tn
Total UK B2B transaction value in 2028:	$3.8tn%
2024 to 2028 market growth:	36%
Forecast period:	2024-2028

Overview

Our “UK B2B Payments” research suite provides in-depth analysis and evaluation of what payment methods UK businesses are using to make B2B payments, and how emerging channels are changing the market.

The suite includes a data deliverable, sizing and providing key forecast data; comprising splits by payment channel for UK B2B payments. These payment channels include cash, cheques, cards, virtual cards, wire transfers and instant payments.

Also included is a complete assessment of the key trends, challenges, and recommendations for stakeholders. The research suite is a comprehensive tool for understanding this major market; allowing stakeholders to make better-informed decisions on future strategies in the UK B2B payments market.

SAMPLE VIEW

Market Trends & Forecasts

Key Features

Market Landscape: Breakdown of the market by key segments including domestic and cross border, payment channels, value-added services, and value-added technologies. These sections further analyse the key elements of the B2B payments market, including emerging payment methods, on-demand additional services and transformative technologies. The research suite also contains analysis of the current landscape and future outlook of the B2B payments market.

Key Takeaways & Strategic Recommendations: In-depth analysis of key development opportunities and key findings within the UK B2B payments market, accompanied by key strategic recommendations for stakeholders.

Benchmark Industry Forecasts: The research suite includes a 5-year forecast into the UK B2B payments market, split by domestic and cross-border. The forecast also possesses splits by business size, and payment channel splits.

Juniper Research Competitor Leaderboard: Key player capability and capacity assessment for 17 B2B payments vendors operating in the UK market, via the Juniper Research Competitor Leaderboard
- AccessPay
- ACI Worldwide
- Adflex
- American Express
- Banking Circle
- Finastra
- FIS
- Fiserv
- IBM
- Mastercard
- Montran Corporation
- PayAlly
- Ripple
- Stripe
- SWIFT
- Visa
- Wise

Market Data & Forecasts

The market-leading research suite for the “UK B2B Payments” market includes access to the full set of forecast data of 26 tables and over 700 datapoints. Metrics in the suite include:

Total Number of UK B2B Payments
Average Value of UK B2B Payments
Total Value of UK B2B Payments

All of the above metrics are split by domestic payments and cross-border payments. These figures are further broken down by payment channel, including:

Cash
Cheque
Card
Virtual Card
Wire Transfer
Instant Payments

1. Key Takeaways and Strategic Recommendations

1.1. Key Takeaways
1.2. Strategic Recommendations

2. Market Landscape

2.1. Introduction
- 2.1.1. Definition
2.2. Market Landscape
- 2.2.1. Future Outlook
- 2.2.2. Juniper Research's Recommendations
2.3. Market Segmentation
- Figure 2.1: B2B Payments Market Segmentation
- 2.3.1. Market
  - i. Domestic Payments
  - ii. Cross-border Payments
- 2.3.2. Channels
  - i. Instant Payment Schemes
  - ii. Cheques and Electronic Cheques
  - iii. Cards and Virtual Cards
  - iv. Traditional Payment Schemes and Bank Payments
- 2.3.3. Value-added Services
  - i. Invoice Financing
  - ii. Trading Financing
  - iii. AP Automation
  - iv. Expenses Management
  - v. Spend Management
- 2.3.4. Value-added Technology
  - i. RPA
  - ii. Cloud Solutions
  - iii. Tokenisation
  - iv. APIs
  - v. Blockchain

3. Competitor Leaderboard

3.1. Why Read This Report
- Table 3.1: Juniper Research Leaderboard: UK B2B Payments Vendors Included & Product Portfolio
- Figure 3.2: Juniper Research Leaderboard: UK B2B Payments Vendors
- Table 3.3: Juniper Research Leaderboard: UK B2B Payments Vendors
- Table 3.4: Juniper Research Leaderboard Heatmap: UK B2B Payments Vendors
3.2. UK B2B Payments Vendors
- 3.2.1. AccessPay
  - i. Corporate
    - Table 3.5: Access Pay's Funding Rounds ($m), 2013-2019
  - ii. Geographic Spread
  - iii. Key Clients & Strategic Partnerships
  - iv. High-level View of Offering
  - v. Juniper Research's View: Key Strengths & Strategic Opportunities
- 3.2.2. ACI Worldwide
  - i. Corporate
    - Table 3.6: ACI Worldwide's Financial Snapshot ($m), 2020-2022
  - ii. Geographic Spread
  - iii. Key Clients & Strategic Partnerships
  - iv. High-level View of Offering
  - v. Juniper Research's View: Key Strengths & Strategic Opportunities
- 3.2.3. Adflex
  - i. Corporate
  - ii. Geographic Spread
  - iii. Key Clients & Strategic Partnerships
  - iv. High-level View of Offering
  - v. Juniper Research's View: Key Strengths & Strategic Opportunities
- 3.2.4. American Express
  - i. Corporate
    - Table 3.7: American Express' Financial Snapshot ($m), 2020-2022
  - ii. Geographic Spread
  - iii. Key Clients & Strategic Partnerships
  - iv. High-level View of Offering
  - v. Juniper Research's View: Key Strengths & Strategic Opportunities
- 3.2.5. Banking Circle
  - i. Corporate
  - ii. Geographic Spread
  - iii. Key Clients & Strategic Partnerships
  - iv. High-level View of Offering
  - v. Juniper Research's View: Key Strengths & Strategic Opportunities
- 3.2.6. Finastra
  - i. Corporate
  - ii. Geographic Spread
  - iii. Key Clients & Strategic Partnerships
  - iv. High-level View of Offering
  - v. Juniper Research's View: Key Strengths & Strategic Opportunities
- 3.2.7. FIS
  - i. Corporate
  - ii. Geographic Spread
  - iii. Key Clients & Strategic Partnerships
  - iv. High-level View of Offering
  - v. Juniper Research's View: Key Strengths & Strategic Opportunities
- 3.2.8. Fiserv
  - i. Corporate
  - ii. Geographic Spread
  - iii. Key Clients & Strategic Partnerships
  - iv. High-level View of Offering
  - v. Juniper Research's View: Key Strengths & Strategic Opportunities
- 3.2.9. IBM
  - i. Corporate
  - ii. Geographic Spread
  - iii. Key Clients & Strategic Partnerships
  - iv. High-level View of Offering
  - v. Juniper Research's View: Key Strengths & Strategic Opportunities
- 3.2.10. Mastercard
  - i. Corporate
  - ii. Geographic Spread
  - iii. Key Clients & Strategic Partnerships
  - iv. High-level View of Offering
  - v. Juniper Research's View: Key Strengths & Strategic Opportunities
- 3.2.11. Montran Corporation
  - i. Corporate
  - ii. Geographic Spread
  - iii. Key Clients & Strategic Partnerships
  - iv. High-level View of Offering
  - v. Juniper Research's View:Key Strengths & Strategic Opportunities
- 3.2.12. PayAlly
  - i. Corporate
  - ii. Geographic Spread
  - iii. Key Clients & Strategic Partnerships
  - iv. High-level View of Offering
  - v. Juniper Research's View: Key Strengths & Strategic Opportunities
- 3.2.13. Ripple
  - i. Corporate
    - Table 3.12: Ripple's Rounds of Funding ($m), 2015-2019
  - ii. Geographic Spread
  - iii. Key Clients & Strategic Partnerships
  - iv. High-level View of Offering
    - Figure 3.13: How Ripple's Cross-border Payments Work
  - v. Juniper Research's View: Key Strengths & Strategic Opportunities
- 3.2.14. Stripe
  - i. Corporate
    - Table 3.14: Stripe's Rounds of Funding ($m), 2019-2023
  - ii. Geographic Spread
  - iii. Key Clients & Strategic Partnerships
  - iv. High-level View of Offering
  - v. Juniper Research's View: Key Strengths & Strategic Opportunities
- 3.2.15. SWIFT
  - i. Corporate
    - Table 3.15: SWIFT's Financial Snapshot ($m), 2020-2022
  - ii. Geographic Spread
  - iii. Key Clients & Strategic Partnerships
  - iv. High-level View of Offering
  - v. Juniper Research's View: Key Strengths & Strategic Opportunities
- 3.2.16. Visa
  - i. Corporate
    - Table 3.16: Visa's Financial Snapshot ($m), 2020-2022
  - ii. Geographic Spread
  - iii. Key Clients & Strategic Partnerships
  - iv. High-level View of Offering
    - Figure 3.17: How Visa B2B Connect Works
  - v. Juniper Research's View: Key Strengths & Strategic Opportunities
- 3.2.17. Wise
  - i. Corporate
    - Table 3.18: Wise's Financial Snapshot ($m), 2021-2023
  - ii. Geographic Spread
  - iii. Key Clients & Strategic Partnerships
  - iv. High-level View of Offering
  - v. Juniper Research's View: Key Strengths & Strategic Opportunities
3.3. Juniper Research Leaderboard Assessment Methodology
- 3.3.1. Limitations & Interpretations
  - Table 3.19: Juniper Research's Competitor Leaderboard Scoring Criteria - B2B Payments

4. Forecast Summary

4.1. Introduction & Definitions
4.2. Methodology & Assumptions
- 4.2.1. Domestic
- 4.2.2. Cross-border
  - Figure 4.1: B2B Domestic Payments Market Forecast Methodology
  - Figure 4.2: B2B Cross-border Payments Market Forecast Methodology
4.3. Forecast Overview
- 4.3.1. Total Number of Payments
  - Figure & Table 4.3: Number of UK B2B Payments per annum (m), Split by Payment Method, 2023-2028
- 4.3.2. Total Value of Payments
  - Figure & Table 4.4: Total Value of UK B2B Payments ($bn), Split by Payment Method, 2023-2028
4.4. Domestic Payments
- 4.4.1. Number of Payments
  - Figure & Table 4.5: Number of UK Domestic B2B Payments per annum (m), Split by Payment Method, 2023-2028
- 4.4.2. Value of Payments
  - Figure & Table 4.6: Total Value of UK Domestic B2B Payments ($bn), Split by Payment Method, 2023-2028
4.5. Cross-border Payments
- 4.5.1. Number of Payments
  - Figure & Table 4.7: Number of UK Cross-border B2B Payments per annum (m), Split by Payment Method, 2023-2028
- 4.5.2. Value of Payments
  - Figure & Table 4.8: Total Value of UK Cross-border B2B Payments ($bn), Split by Payment Method, 2023-2028