With the U.S. B2B payments market expected to reach $30 trillion in 2023, electronic payments will represent approximately 60% of the total payments volume, indicating a seismic shift from 2018, when it represented 47%.
TSG and Paya have published a new whitepaper discussing the current B2B landscape, the advantages and tools of an integrated software system, and why partnering with the right payment service provider is critical.
- Over the next five years, the use of virtual commercial cards have a projected growth rate of 22%
- 33% of North American B2B transactions were paid with checks in 2022
- 80% of B2B transactions are expected to be digital by 2025
- Paya is a leader in the B2B industry through their assortment of business
process automation products and platforms to solve the complex needs
Navigating B2B Payments
The B2B payments market is quickly evolving. Are you up to speed on the market opportunities currently available? TSG has proven results of helping clients navigate the rapidly expanding B2B space. Learn More
The Paya Connected Commerce Solution
Paya is a leader in the B2B industry through their assortment of business process automation products and platforms to solve the complex needs of suppliers. With experience and expertise in ERP payment integration and support, Paya has positioned themselves as a premier provider of AR automation and invoice-to-cash solutions in the market. Learn More