TOP 10 B2B Payments Services Providers - 2020

Since ages, people and organizations interchangeably have relied on diverse payment systems for the purchase of goods and services. Among gazillion of innovations with the desire for convenience, payment system also moved away from the bartering system to the present day. Where businesses didn’t have much options for paying or getting paid, they have numerous options laid ahead now. The payments industry is constantly transforming through digitization and is growing, and the cloud technology is accelerating & helping encounter the challenges incurred across the channels. FinTech companies are glutting the market, intentionally to refurbish the former financial industry by emphasizing on the increased accessibility to all things digital. Boosting the customer expectations and intensifying competition globally, the propelling technological and operational innovation in the sector has opened doors for consumers. In fact, the demonetization prevalence in the year 2016 too had intrigued the proliferation of several payment platforms in the B2B industry. However, with increased competition comes increased innovation, and as more fintech companies create newer, faster and more accessible means to financing, the nature of client demand is also shifting. In the present time, how one processes B2B payments significantly matters. To thrive in the evolving competition and survive the trend, B2B payments services providers need to promulgate a fast, reliable method with consistent effort for collecting payments for services rendered. According to a report by investment banking firm Credit Suisse, India’s digital payments market aggregate less than $200 billion; however, the size is likely to expand to $1 trillion by FY23 due to increasing mobile payments. Cognizance of the intricacies of the B2B payments process and the solutions that can help ensure that one or the other party is never scuffling to derive the payments. Albeit, there are a gamut of B2B payments services providers out there like Minkspay, Masterpay, Paytm, PayU, Amazon Pay, and others; it is quite difficult to figure-out which one is the best fit for a business. Exploring the recent landscape of the B2B payments industry, CEO Insights encapsulates a directory listing ‘Top 10 B2B Payments Services Providers - 2020’, who provide exemplary services through a reliable platform with creative outlook, and anchor robust business-to-business relationship. Performing a diligent evaluation of the industry, CEO Insights Editorial Board along with expert panel of industry professionals has enlisted the front runners of the industry who have carved a reverent space for themselves by executing exceptional strategies with successful conceptualization and implementation of integrated ideas. The listing will assist our readers in selecting exemplary B2B payments services providers who will help in acknowledging the industry nuances and simplify the approach to such services.