Regnology, a German Regtech company, plans to purchase Wolters Kluwer's Financial Regulatory Reporting (FRR) service unit.
European B2B E-commerce Market Grows Rapidly, Embracing Digital Payments
The European B2B e-commerce market is currently experiencing a significant surge and is projected to continue growing at an impressive pace. By 2027, the market is expected to reach an astounding USD 2.2 trillion, nearly doubling its value from 2022 [1][2].
This growth is driven by the digital transformation in corporate procurement, with increased demands for consumer-grade online interfaces, AI-powered product matching, and automated net-term payments. The market is evolving beyond simple catalogues, integrating sophisticated digital payment solutions that automate billing, invoicing, and approval workflows [1].
One such innovation is the introduction of Pay Now, a new account-to-account (A2A) payment option for B2B e-commerce transactions by Mondu, a Netherlands-based B2B payments provider. Pay Now complements Mondu's existing Buy Now, Pay Later (BNPL) suite, offering business buyers a secure, real-time checkout method [3].
Malte Huffmann, Co-CEO of Mondu, has stated that there is immense interest in Pay Now from existing customers. Huffmann also mentioned that Mondu aims to provide a comprehensive payment solution for evolving B2B buyer and seller needs [3].
Pay Now offers a best-in-class experience by combining the flexibility of BNPL with the simplicity of instant payments. The feature allows buyers to make direct payments from their bank accounts, providing a seamless and efficient payment solution [4]. For merchants, Pay Now offers streamlined integration by removing the need for a separate A2A payment provider [4].
The operational burden on sellers is also reduced with Pay Now, as Mondu manages risk and fraud checks, sends payment confirmations, and handles all buyer communications [4]. Mondu's suite of payment options includes invoice payments, instalments, and digital trade accounts, positioning the firm to meet evolving demands in the sector [4].
The BNPL market for European B2B transactions is also projected to grow at a rate of 27.5% annually, reaching USD 256.7 billion by 2029 [1][2]. Digital B2B payment methods are playing an increasingly important role in the shift towards digital sales.
In summary, the European B2B e-commerce market is on a robust growth trajectory with accelerating adoption of digital payment solutions and evolving buyer expectations pushing vendors to innovate payment flexibility and user interface sophistication.
| Aspect | Current State | Future Outlook | |-----------------------------|--------------------------------------------|---------------------------------------------------| | Market Size (Europe B2B) | USD 1.8 trillion projected in 2025 | Expected to grow at 10.1% CAGR to 2030 | | Digital Payment Trends | Automated net-term payments, purchase-to-pay modules | More flexible payment methods including BNPL likely integration; continued automation and personalization | | User Experience | Strong mobile dominance (55% transactions) | Increasing demand for consumer-grade UX and mobile checkout | | Market Drivers | Vertical marketplaces, AI product matching | Faster adoption of digital payment tech and platform self-service |
[1] Statista (2022) [2] Forbes (2021) [3] Mondu Press Release (2022) [4] Finextra (2022)
- The introduction of Pay Now by Mondu, a Netherlands-based B2B payments provider, demonstrates the growing interest in fintech innovations within the European B2B e-commerce industry.
- As the European B2B e-commerce market continues to expand, advanced technology such as AI-powered product matching and automated net-term payments will remain key factors in driving business growth and promoting digital transformation.
- The increasing adoption of gadgets, like mobile devices, and the growing demand for consumer-grade user experiences have made technology a critical component in the success of B2B businesses across multiple industries.
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