Growth Opportunities Rise as APAC B2B Payments Market Prospers

"Strategic partnerships among key local and global industry participants have increased B2B payment adoption and promoted digital transformation across APAC," said Dewi Rengganis, Industry Analyst, ICT, Asia-Pacific at Frost & Sullivan. "Additionally, with the increasing adoption rate of e-Invoicing, the B2B payments market is gaining further momentum as a large number of enterprises are migrating towards e-Invoicing instead of paper invoicing."

Frost & Sullivan's recent analysis, Growth Opportunities in the Asia-Pacific B2B Payments Market, Forecast to 2025, encompasses detailed analyses of trends within the B2B payments landscape, including market drivers and restraints, revenue forecast by payment type, country analysis, and market growth opportunities. Country-wise, the B2B payments landscape in Indonesia is more attractive than other countries in the region. With growing B2B eCommerce, B2B payment revenue in Indonesia is swelling at a CAGR of 54.2%. In Vietnam, it is growing at a CAGR of 40.2%.

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"Businesses are increasingly embracing electronic payment forms and are continuously innovating with alternative systems to create value-added services for their end customers," noted Rengganis. "Further, by utilizing this capability (electronic payment forms), businesses can offer better customer experience and create new disruptive business models as well as new revenue streams."

The geopolitical risk for cross-border B2B payments and security concerns over digital payment methods are likely to restrain the growth of the market, but B2B payment vendors' focus on the following aspects will boost market growth, presenting immense opportunities:

Growth Opportunities in the Asia-Pacific B2B Payments Market, Forecast to 2025 is the latest addition to Frost & Sullivan's Industrial research and analyses available through the Frost & Sullivan Leadership Council, which helps organizations identify a continuous flow of growth opportunities to succeed in an unpredictable future.

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Growth Opportunities in the Asia-Pacific B2B Payments Market, Forecast to 2025
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