According to IMARC Group’s report titled “India B2B Payments Market Size, Share, Trends and Forecast by Payment Type, Payment Mode, Enterprise Size, Industry Vertical, and Region, 2025-2033“, The report offers a comprehensive analysis of the market including share including size, growth, trends and regional insights.
India B2B Payments Market Overview:
The India B2B payments market size reached USD 38.9 Billion in 2024 and is expected to grow to USD 77.0 Billion by 2033. The market is projected to expand at a CAGR of 7.89% during the forecast period of 2025-2033.
This growth is driven by increased digitalization, the integration of APIs, and the rise of e-commerce and supply chains demanding automated and flexible payment solutions.
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India B2B Payments Market Key Takeaways
- Current Market Size : USD 38.9 Billion
- CAGR : 7.89%
- Forecast Period : 2025-2033
- The market growth is bolstered by the availability of APIs that enable businesses to seamlessly incorporate payment processes within existing workflows.
- A regional shift towards digitalization has significantly increased demand for efficient and automated payment solutions.
- Emphasis on cost optimization and improved operational efficiency are major drivers for adopting advanced B2B payment platforms.
- The expansion of e-commerce and supply chains necessitates flexible and scalable payment solutions, supporting market growth.
- Market segmentation covers domestic and cross-border payments, traditional and digital payment modes, and diverse enterprise sizes.
India B2B Payments Market Growth Factors:
The B2B payment market in India is expected to benefit from the rapid digitization of the majority of business operations across industries. The penetration of digital payment gateways is being driven further by the integration of APIs, automation and off-site processing which reduces the manual effort involved, and the common adoption of payment solutions that can be smoothly integrated with existing finance and operational systems.
The government’s initiatives such as Digital India and Payments Vision 2025 provided an enabling environment to create an appropriate digital structure for financial inclusion and new and innovative payment systems, leading enterprises to embrace digital payments. This transition to a less-cash economy creates a more transparent and efficient market.
As companies have expanded their supply chains worldwide, and their visibility into finances has become more real time, they have adopted payment technologies that allow them to manage working capital and make payments to suppliers on demand. Such automated solutions have become integral to enterprise applications for companies of various sizes.
India B2B Payments Market Trends:
It’s driven by the broad adoption of digital payment platforms, and API ecosystems, that enable fin-techs and customary banks to offer end-to-end API solutions for smooth integration with ERP, accounting and supply chain management (SCM) software, with less manual effort in data entry and the ability to track transactions in real-time.
Multi-factor authentication, blockchain authentication, and encryption technology are important for making B2B payment secure. They enable companies in industries with high-value payments like manufacturing and retail to remit payments to multiple vendors and regulatory authorities, thus reducing their operational costs.
Real time payment systems and instant settlement offerings, enabled by RBI policies such as increased RTGS limits and 24×7 payment systems, help organizations like BFSI, IT to manage their liquidity, supplier relations, trade settlements, supply chain financing, and emergency procurements.
Embedded finance models provide payment services inside business processes. Payment services fit within e-commerce and supply chains. AI enables predictive analytics for cash flow forecasting. AI optimizes payment scheduling. AI automates fraud detection, payment processing, and risk profiling.
Government initiatives like Payments Vision 2025 and Digital India have further encouraged a shift toward digital payments and improved digital infrastructure with a focus regarding innovation and a less-cash economy.
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India B2B Payments Market Segmentation
Payment Type Insights:
- Domestic Payments
- Cross-Border Payments
Payment Mode Insights:
- Traditional
- Digital
Enterprise Size Insights:
- Large Enterprises
- Small and Medium-sized Enterprises
Industry Vertical Insights:
- BFSI
- Manufacturing
- IT and Telecom
- Metals and Mining
- Energy and Utilities
- Others
Regional Insights:
- North India
- West and Central India
- South India
- East and Northeast India
Recent Developments & News:
- In May 2025, EnKash launched the EnKash Payment Gateway, India’s first payment solution specifically designed for SMBs and startups, aimed at over 63 million merchants. It features low-code/no-code integration, powerful SDKs & APIs, automated reconciliation, real-time monitoring, smart routing, analytics, and free lifetime support.
- In September 2024, PayMate partnered with NPCI Bharat BillPay Ltd (NBBL) to launch the BBPS-B2B platform, digitizing invoicing, payments, and collections for over 63.4 million MSMEs and 1.66 million corporates, with real-time invoice tracking and multiple financing options.
- In August 2024, Zoho introduced Zoho Payments, a unified payment platform supporting UPI, net banking, cards, and integration with Zoho financial apps. It supports B2B payments via BBPS through NPCI Bharat BillPay Ltd (NBBL), enabling invoice and payment management.
Key Highlights of the Report:
- Comprehensive quantitative analysis of historical and forecasted market trends from 2019 to 2033.
- Detailed segmentation by payment type, payment mode, enterprise size, and industry vertical.
- Insights into market drivers, challenges, opportunities, and detailed competitive landscape.
- Porter’s Five Forces analysis for understanding industry attractiveness and competitive rivalry.
- Profiles and evaluation of major companies operating in the market.
- Delivery in PDF and Excel formats with options for customization and post-sale support.
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