B2B payments market size in Asia-Pacific (APAC) 2023, with a 2031 forecast
B2B payments in Asia-Pacific are projected to reach well over 558 billion USD in 2023, and forecasts say it will continue to grow up until 2031. This is according to a research calculation that starts off in 2022 and models the future growth of business-to-business transactions within the country. APAC's B2B payments market value could reach over 1,145 billion U.S. dollars by 2031, for an estimated 10.4 percent CAGR (2022-2031). The source does not provide further figures on specific B2B categories, such as cross-border payments. Cross-border payment services - which includes B2B - in Asia-Pacific was said to be around 80 billion U.S. dollars in 2022.
