B2B payments market size in Latin America (LATAM) in 2023, with a 2031forecast
B2B payments in Latin America are projected to reach 25 billion USD in 2023, and forecasts say it will continue to grow up until 2031. This is according to a research calculation that starts off in 2022 and models the future growth of business-to-business transactions within the country. The LATAM B2B payments market value could reach 57 billion U.S. dollars by 2031, for an estimated nine percent CAGR (2023-2031). The source does not provide further figures on specific B2B categories, such as cross-border payments. Cross-border payment services - which includes B2B - in Latin America was said to be around 12 billion U.S. dollars in 2022.