The B2B digital payment market size is projected to grow from USD 4.2 billion in 2023 to USD 8.2 billion by 2028, at a CAGR of 14.3% during the forecast period. B2B digital payments offer a faster and more efficient way to settle transactions compared to traditional paper-based methods. Electronic payments can significantly reduce processing time, manual errors, and administrative costs associated with traditional checks or invoices.
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