Europe Business-To-Business (B2B) Payments Market Snapshot

Across industry segments, more and more businesses are searching for solutions to accounts payables (A/P) and accounts receivables (A/R) processes within standard finance processes of order to cash (OTC), procure to pay (P2P), including additional processes related to sourcing, procurement, invoicing, payments and settlement. Although enterprise resource planning (ERP) systems have automated some of these processes, there is still room for innovation, especially in new-age interfaces and providing end-to-end functionality from sourcing to settlement, including cash management.

The global payments market is estimated at $1.2 trillion of which B2B payments account for $550 billion. A 2014 survey by BOK Financial Corporation showed that there is an increased demand for electronic payments including P-Cards:

The LTP research team has come up with a three-page sector snapshot on the European business-to-business (B2B) payments market based on research and insights collected on the B2B payments markets and the participating players.

The report includes the market sizes of various B2B payments segments and the rise of FinTech startups in Europe in B2B payments.

The main reason for payment delays by domestic B2B customers in Europe is the insufficient availability of funds followed by buyers using outstanding debts or invoices as a form of financing. On an average, 15%* of the businesses in Europe have said in a survey that the complexity of payment procedure is one of the reasons for payment delays.

Table of Contents:

- Overview of the B2B Payments Market

- Europe as a Percentage of Global B2B Payments

- B2B Payments by Regions

- European Supply Chain Finance Market

- European E-Invoicing Market by Volume

- Factoring Market in Europe

- Payments Processing and Cross-Border Money Transfer Market in Europe

- Key Players

- Business Trends

- Regulations