Australia B2B Payments Market: Industry Trends, Growth, Size & Opportunity Analysis 2025-2033

Australia B2B Payments Market Overview

Market Size in 2024: USD 23.8 Billion

Market Size in 2033: USD 44.9 Billion

Market Growth Rate 2025-2033: 7.30%

According to IMARC Group's latest research publication, "Australia B2B Payments Market Size, Share, Trends and Forecast by Payment Type, Payment Mode, Enterprise Size, Industry Vertical, and Region, 2025-2033", The Australia B2B payments market size reached USD 23.8 Billion in 2024. Looking forward, IMARC Group estimates the market to reach USD 44.9 Billion by 2033, exhibiting a CAGR of 7.30% during 2025-2033.

How AI is Reshaping the Future of Australia B2B Payments Market

• Enhancing Fraud Prevention: AI-driven verification and encryption systems are being deployed by digital payment providers to combat rising cybersecurity threats, analyzing transaction patterns in real-time to detect and prevent fraudulent activities before they impact businesses, addressing the growing concern of payment security in the digital-first environment.

• Automating Payment Processing: Machine learning algorithms streamline invoice processing and reconciliation for SMEs and enterprises adopting cloud-based platforms like Stripe, PayPal, and Airwallex, reducing manual processing errors and administrative costs while enabling seamless integration with accounting software for improved operational efficiency.

• Optimizing Cash Flow Management: Artificial intelligence analyzes payment histories, transaction patterns, and business cycles to provide predictive insights for working capital optimization, particularly benefiting the 7 million active BNPL accounts and helping Australian businesses manage liquidity more effectively in response to the 12% increase in overdue payments.

• Enabling Smart Payment Routing: AI-powered systems optimize payment routing through the New Payments Platform (NPP) and traditional channels, selecting the most cost-effective and efficient pathways for fund transfers while ensuring 24/7 real-time settlement capabilities that maximize transaction success rates and minimize processing costs.

• Personalizing Business Financial Services: Machine learning analyzes enterprise payment behaviors and financial needs to deliver customized BNPL terms, flexible financing options, and tailored payment solutions, particularly supporting industries with high upfront costs such as manufacturing, wholesale, and retail across Australian Capital Territory, New South Wales, Victoria, Tasmania, Queensland, Northern Territory, Southern Australia, and Western Australia.

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Australia B2B Payments Market Trends & Drivers:

The Australia B2B payments market is experiencing robust growth driven by the rapid shift toward digital payment platforms fueled by business demands for efficiency, security, and faster transaction processing capabilities. The digital payment market in Australia was valued at USD 118.0 Billion in 2024 and is projected to grow to USD 667.0 Billion by 2033, reflecting a compound annual growth rate of 20.89% from 2025 to 2033. Traditional payment methods including checks and bank transfers are declining as businesses increasingly adopt cloud-based solutions such as Stripe, PayPal, and local platforms like Airwallex that offer seamless integration with accounting software, reducing manual processing and errors. Real-time payments through the New Payments Platform (NPP), launched in February 2018, are gaining significant traction by enabling instant fund transfers 24/7 throughout the year. The push for automation is further fueled by SMEs and enterprises seeking cost savings and improved cash flow management, with digital payment providers prioritizing fraud prevention through AI-driven verification and encryption as cybersecurity threats escalate. As regulatory support for digital transactions strengthens, Australian businesses are increasingly favoring digital-first payment solutions over legacy systems.

Buy Now, Pay Later solutions, initially popular in B2C markets, represent the second major growth catalyst penetrating Australia's B2B payments sector with transformative financing alternatives. In 2024, new legislation was introduced requiring credit checks for BNPL services, mandating BNPL providers to acquire credit licenses overseen by ASIC. With 7 million active BNPL accounts, this initiative aims to rein in overspending among Gen Z consumers and bring BNPL services up to par with regulated credit products, underscoring a low-risk approach in a market poised for significant growth. Providers are offering flexible payment terms to businesses, helping SMEs manage cash flow and working capital constraints. This trend is particularly beneficial for industries with high upfront costs such as manufacturing, wholesale, and retail sectors. BNPL for B2B allows buyers to defer payments while ensuring suppliers receive funds upfront, reducing financial strain and addressing the 12% increase in overdue payments and the fact that 47% of B2B sales on trade credit remain unpaid by due dates. The shift is also driven by younger business owners accustomed to BNPL in personal finance demanding similar convenience in commercial transactions, with the B2B BNPL market projected to expand as more fintech companies tailor solutions to business needs.

Growing cash flow pressures and increased customer credit risk, compounded by ongoing market uncertainty, create sustained demand for innovative payment solutions that improve liquidity management and reduce payment delays across Australian enterprises. Australian businesses face heightened liquidity pressure with 47% of B2B sales on trade credit remaining unpaid by due dates and a 12% increase in overdue payments over the past year. When interest rates rise and high inflation persists, continuing to offer trade credit becomes increasingly risky for businesses. The integration of real-time payment capabilities through NPP, which processed 1.6 billion transactions in 2024, enables instant fund transfers that dramatically improve cash flow visibility and management. The platform's use of ISO 20022 messaging schema enables more data to travel with payments, bringing payments innovation to life through enhanced transparency and efficiency. Additionally, services like PayTo allow businesses to initiate real-time payments from customers' bank accounts, addressing the NPP's limitation of not inherently supporting withdrawals. These technological advancements, combined with flexible financing options and enhanced cybersecurity measures, are transforming how Australian businesses across BFSI, manufacturing, IT and telecom, metals and mining, energy and utilities, and other sectors manage their B2B payment relationships and financial operations across all major regional markets from Luzon to Mindanao.

Australia B2B Payments Industry Segmentation:

The report has segmented the market into the following categories:

Payment Type Insights:

• Domestic Payments

• Cross-Border Payments

Payment Mode Insights:

• Traditional

• Digital

Enterprise Size Insights:

• Large Enterprises

• Small and Medium-sized Enterprises

Industry Vertical Insights:

• BFSI

• Manufacturing

• IT and Telecom

• Metals and Mining

• Energy and Utilities

• Others

Regional Insights:

• Australian Capital Territory & New South Wales

• Victoria & Tasmania

• Queensland

• Northern Territory & Southern Australia

• Western Australia

Recent News and Developments in Australia B2B Payments Market

• June 2025: Pay by Bank or Account-to-Account (A2A) payments are predicted to become mainstream in Australia by 2025, with this trend already familiar in Europe expected to gain significant traction, allowing customers to make online purchases directly from their bank accounts without requiring credit or debit cards.

• April 2025: As of April 2025, there are over 25 million registered PayIDs on the New Payments Platform, demonstrating widespread adoption of Australia's instant payment infrastructure for real-time low-value payments and enhanced financial transaction capabilities across the nation.

• April 2025: Monoova partnered with digital financial services provider Remitly to enable faster and more affordable international money transfers from Australia through PayTo, demonstrating the expanding application of NPP's real-time payment capabilities beyond domestic B2B transactions to cross-border payment solutions.

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

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