B2C and B2B payment market size in the U.S. and worldwide 2018

Regardless whether it is for the United States or the global perspective, the revenue found in the B2B payments market was far bigger than in B2C. The global B2B market, for instance, was estimated to be worth around 125 trillion U.S. dollars of which 25 trillion U.S. dollars was located in the United States. Interestingly, it is in the B2C side that most of the developments with digital payments occurred in recent years - such as contactless payments or mobile wallets. This was less so in the B2B segment, where not the payments themselves are the main focus but rather the transaction process, data required to make payments happen, or the administrative workflow. Because B2B payments are more "secluded"/less visible than an in-store payment, less data on this particular segment can be found. This can already be seen with the figures on display here, which are seemingly both on 2018 - despite a 2021 release - but this is not made immediately clear.