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B2B Payments

Payment platforms and infrastructure for business-to-business transactions

Fig. 109 · Checkbook

The field

At a glance

Definition

Payment platforms and infrastructure for business-to-business transactions

Technologies

AP automation matches invoices with POs, routes for approval, and executes payment. Virtual cards create single-use card numbers for individual transactions. Cross-border payment rails combine banking partnerships and stablecoin settlement. AI reconciliation matches payments with invoices automatically. Embedded payment APIs integrate B2B payments into procurement and ERP platforms.

Applications

AP automation processes invoices from receipt through approval to payment with minimal manual intervention. Virtual cards replace checks for one-time vendor payments with automatic reconciliation. Cross-border payment platforms settle international invoices in hours instead of days. Early payment discount platforms help suppliers access working capital faster.

Market and funding

B2B payments modernizes how businesses pay each other, encompassing AP/AR automation, cross-border business payments, virtual cards, and real-time settlement. With 2 funders. B2B payments total $125+ trillion annually yet remain dominated by checks and wire transfers.

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