B2B Digital Payments Offer Growth Opportunities for Latin America & the Caribbean

From the mom-and-pop grocery store in Buenos Aires to the large beer distributor in Santo Domingo, businesses regardless of size share common struggles that hinder their growth. Be it access to cash flow, inefficiencies in operational processes, lack of financial transparency or the inability to truly scale and optimize their companies.

As such, the use and acceptance of commercial credit cards is becoming a great payment alternative for business operations, as companies discover the benefits of using them to anticipate or make their payments, helping them optimize their cash flow and reduce their collections and reconciliation costs.

The growth opportunities in the business-to-business (B2B) payments space are enormous. The value of B2B payments is expected to reach approximately $124 trillion globally by 2028 — around four times the volume of consumer-to-business payments — representing a 40% growth from 2024 .

And at Visa we are at the forefront of this transformation. We are enabling digital solutions to transform commercial transactions and drive B2B payment innovation at scale, while providing our stakeholders with unique insights and a roadmap to help them effectively address this fast-growing segment.

As part of our efforts, we just released a new report that explores the economic implications, benefits and challenges of B2B commercial payments acceptance, especially for suppliers, which have become crucial in furnishing other businesses with the necessary products and services to meet their customers’ needs.

Our new study – conducted among 762 supplier companies from 9 countries in Latin America and the Caribbean – finds that a vast majority of suppliers from the region (80%) are already accepting digital commercial solutions, benefiting from increased growth, efficiencies and more customer loyalty.

The report also highlights that cash-based transactions remain the primary form of payment for many suppliers that still do not accept digital payments (31%), which underscores the great opportunity that exists to fully digitize this segment to further unlock stronger operational performance, growth and value creation for our business ecosystem in the region.

There has never been a better time to capitalize on the tremendous market momentum offered by B2B payments. I invite you to read our new report, available in:

[1]https://www.juniperresearch.com/press/pressreleasesthe-top-three-fastest-growing-b2b-payment-channels-by-2028/; https://www.paymentsjournal.com/digitization-is-coming-to-b2b-payments/