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Global B2B Payments Market Outlook: Growth Trends, Digital Market Overview: The global B2B payments market has experienced substantial growth, reaching a valuation of USD 1,189.6 billion in 2024. This surge is primarily attributed to the widespread adoption of digital payment solutions, the rapid expansion of e-commerce, and the increasing need for efficient cross-border transactions. Looking ahead, the market is projected to achieve a value of USD 2,189.0 billion by 2033, reflecting a compound annual growth rate (CAGR) of 7% during the forecast period from 2025 to 2033. Study Assumption Years: Base Year: 2024 Historical Years: 2019-2024 Forecast Years: 2025-2033 B2B Payments Market Key Takeaways: Market Size and Growth: The B2B payments market was valued at USD 1,189.6 billion in 2024 and is expected to reach USD 2,189.0 billion by 2033, growing at a CAGR of 7% from 2025 to 2033. Regional Dominance: Asia-Pacific leads the market, holding a 36.7% share in 2024, driven by rapid digitalization and a burgeoning e-commerce sector. Payment Type: Domestic payments dominate the market, attributed to their higher transaction volumes and simplicity in local business dealings. Payment Mode: Traditional payment methods currently hold the majority share, reflecting established business practices, though digital modes are rapidly […]

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Identity and Access Management Market The identity and access management market is projected to reach USD 16.1 billion in 2024. Adoption of identity and access management is expected to develop at a CAGR of 15.9% between 2024 and 2034, and by 2034, the market is expected to be worth USD 70.0 billion. The global Identity and Access Management (IAM) Market is experiencing significant growth, driven by the increasing need for secure authentication, data privacy, and regulatory compliance. As businesses accelerate their digital transformation efforts, IAM solutions are becoming essential for managing user identities, preventing unauthorized access, and enhancing overall cybersecurity frameworks. Get Ahead with Our Report: Request Your Sample Now! https://www.futuremarketinsights.com/report-sample#5245502d47422d39343833 Key Takeaways: The IAM market is projected to grow at a strong CAGR due to increasing cybersecurity concerns and regulatory compliance requirements. Cloud-based IAM solutions are gaining traction as enterprises adopt remote work models and hybrid cloud infrastructures. The rise in identity theft, fraud, and cyberattacks is driving demand for robust IAM solutions. AI-driven identity verification and multi-factor authentication (MFA) technologies are transforming IAM capabilities. Regulatory mandates such as GDPR, CCPA, and HIPAA are pushing organizations to implement strict identity governance solutions. Key Drivers: Growing Cybersecurity Threats – […]

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Intel introduces its new CEO, Lip-Bu Tan (image credit: Intel) Intel names Lip-Bu Tan as its new CEO to revitalise AI and foundry services while leveraging his expertise in chip design, manufacturing and shareholding Intel has named Lip-Bu Tan as its new Chief Executive Officer (CEO) effective March 18, following a three-month search process after the departure of previous leadership. The appointment comes at a transformative time for Intel as it attempts to recover market position against competitors whilst simultaneously developing its foundry services business – a manufacturing operation that produces chips designed by other companies. Independent Chair of the Intel board of directors, Frank D. Yeary (image credit: Intel) Frank D. Yeary, Independent Chair of the Intel board of directors, announced the decision to employees, emphasising Tan’s industry credentials and previous experience transforming technology businesses: “Lip-Bu is an exceptional leader whose technology industry expertise, deep relationships across our product and foundry ecosystems and proven track record of creating shareholder value is exactly what Intel needs in its next CEO .” Who is Lip-Bu Tan? Tan previously served as Chief Executive Officer of Cadence Design Systems from 2009 to 2021, a company that provides electronic design automation software and […]

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The global economy is undergoing an unprecedented transformation, driven by rapid digitalization and the widespread adoption of mobile technologies. Mobile networks and digital infrastructure have become the backbone of economic growth, fostering seamless connectivity, enhanced productivity, and innovative business models. The significance of the mobile economy extends beyond mere technological advancement—it is fundamentally reshaping industries, commerce, and governance at an international scale. According to the GSMA Mobile Economy Report, mobile technologies and services contributed approximately $5.8 trillion to global GDP in 2025, equating to nearly 5.8% of total economic output. By 2030, this figure is projected to surge to nearly $11 trillion, reinforcing the indispensable role of mobile networks, digital transformation, and intelligent connectivity in driving economic expansion. Countries and enterprises that embrace this shift will be at the forefront of global competitiveness, innovation, and sustainable development. Key Features of the Mobile Economy The mobile economy is defined by several transformative characteristics that are shaping the future of digital ecosystems worldwide: Ubiquitous Connectivity The proliferation of smartphones and mobile broadband has enabled seamless global communication. As of 2024, there were over 5.5 billion unique mobile subscribers, with penetration expected to reach 70% of the global population by 2030. High-speed […]

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Directive No. 07/CT-TTg states that the Politburo has identified "the development of science, technology, innovation, and national digital transformation as a key breakthrough, a main driving force for rapidly developing modern productive forces, perfecting production relations, innovating national governance methods, socio-economic development, preventing the risk of backwardness, and propelling the country to significant development and prosperity in the new era." To concretise this guiding viewpoint, it requires a high determination, great efforts, and more decisive actions from all sectors and levels in implementing Project 06, linked to building and developing the National Data Center, harnessing the potential of data to serve the national digital transformation revolution. PM Chinh requests ministries, ministerial-level agencies, government agencies, and provincial and municipal People’s Committees to thoroughly understand and implement synchronously, systematically, promptly, and effectively the key tasks and solutions. They were asked to focus on building and completing documents detailing approved laws and completing legal issues to serve the development of science and technology, innovation, and digital transformation. Restructuring processes and reusing digitised data aim to ensure that people and businesses will not have to present, submit, or re-declare information and documents that have been digitized; prioritizing measures to reuse digitized land data […]

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Pachara Naripthaphan (right, on the stage), advisor to the Thai National Broadcasting and Telecommunications Commission, joined a discussion during the FOSSASIA Summit 2025 in Bangkok. [Photo provided to chinadaily.com.cn] Thailand can foster its digital economy fast and its National Broadcasting and Telecommunications Commission can play a more active role in transforming the digital economy, leading the advancement of telecommunications, satellite and communication network oversight in Thailand, said Pachara Naripthaphan, advisor to the chairman of the commission. "This includes fostering collaboration with agencies such as the Big Data Institute, which has been established to propel AI and Big Data initiatives, demonstrating a commitment to developing a new, transparent work process across all dimensions," Pachara added. Speaking at FOSSASIA Summit 2025 — a regional open source conference held from Mar 13 to 15 in Bangkok, Pachara highlighted significant issues with the government’s procurement process, which is burdened by excessive regulations, creating red tape and stifling the advancement of more contemporary digital projects. He said the civil service system continues to experience issues related to delays, cumbersome work process and numerous regulations that hinder the advancement of modern technology. "For instance, the open mapping or street mapping development project, which the private […]

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Digital Workplace Sujal Jain (Undergraduate Student, FLAME University, Pune) Dr. Moitrayee Das (Assistant Professor of Psychology, FLAME University, Pune) T he COVID-19 era catalysed digital transformation in work, ushering in unprecedented technological integration and innovation. During the pandemic, organisations increasingly adopted cloud computing, leveraged digital platforms, implemented e-commerce solutions, and bolstered cyber security measures to support remote work setups and enhance overall business resilience. Previously, digital technology was strictly utilized in management systems like the ERP system (Narimissa et al., 2020). However, as Chunguang Bai, a blockchain analyst, explains, the technological boom during the pandemic has driven significant digitalisation in the workplace. Companies are now employing ‘cross-boundary technologies’ such as social media and e-commerce platforms, allowing employees to work from the comfort of their homes (Bai et al., 2021). Today, one can claim that the shift towards digitalisation has not only streamlined operations but has also paved the way for more efficient communication and collaboration among teams, even in remote settings. Through this piece, we aim to understand how work has become digitised and how this digital transformation has affected employee behaviour in the case of “moonlighting.” Building upon the digital transformation triggered by the pandemic, a crucial shift […]

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Kristiina Kuvaja-Xanthopoulos, the newly appointed Finnish Ambassador to Cambodia, held talks with Prime Minister Hun Manet (right) in Phnom Penh, on Wednesday 12 March 2025. KT/Tep Sony Cambodian Prime Minister Hun Manet and Finnish Ambassador Kristiina Kuvaja-Xanthopoulos have reaffirmed their commitment to enhancing bilateral cooperation in digital transformation, environmental protection, trade, investment, and business development during a meeting at the Peace Palace in Phnom Penh on Wednesday 12 March 2025. Mrs. Kuvaja-Xanthopoulos, Finland’s non-resident ambassador to Cambodia, is based in Bangkok and led a Finnish delegation to the Kingdom. She praised Cambodia’s progress in various sectors and emphasized Finland’s dedication to strengthening ties, particularly in supporting small and medium-sized enterprises (SMEs) and fostering innovation. Both parties highlighted the strong relationship between Cambodia and Finland over the past 55 years, notably in mine clearance, agriculture, and land registration. The discussions also touched on the development of digital infrastructure and policies that would support economic growth and sustainable development in Cambodia. Kuvaja-Xanthopoulos pledged to work towards elevating bilateral cooperation, while Hun Manet expressed appreciation for Finland’s contributions to Cambodia’s socio-economic development. The Prime Minister outlined key policies aimed at improving the well-being of Cambodian citizens, with a focus on healthcare, education, […]

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Advertisement “The digital innovation continues to strengthen India’s financial ecosystem, empowering countless lives,” Prime Minister Narendra Modi said on Sunday. Modi commended the Reserve Bank of India (RBI) for bagging the Digital Transformation Award 2025 from the Central Banking, London, UK. Taking to X, Modi said: "A commendable accomplishment, reflecting an emphasis towards innovation and efficiency in governance. Advertisement "Digital innovation continues to strengthen India’s financial ecosystem, thus empowering countless lives." The RBI has been selected by Central Banking, London, UK, for the Digital Transformation Award 2025. Advertisement It was awarded and recognised for its initiatives, including the Pravaah and Sarthi systems, which were developed by the in-house developer team. The awards committee noted how these digital initiatives have reduced the use of paper-based submissions, thus transforming RBI’s internal and external processes. London-headquartered Central Banking has provided independent coverage, detailed data analysis, expert training and truly global networking events for more than 3 decades. The Reserve Bank of India is termed a “big and complex organisation” with around 13,500 staff members spread across more than 40 branch offices, the Central Banking staff noted, while adding that it calls itself a ‘full service’ central bank, in the sense that it […]

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PM Modi Prime Minister Narendra Modi on Sunday hailed as a "commendable accomplishment" the Reserve Bank of India being selected for the Digital Transformation Award 2025, and said it reflects an emphasis towards innovation and efficiency in governance. In a post on X, the Reserve Bank of India ( RBI ) said it has been selected for the Digital Transformation Award 2025 by Central Banking , London, UK. "RBI was awarded and recognised for its initiatives, including Pravaah and Sarthi systems, that have been developed by an in-house developer team. The awards committee noted how these digital initiatives have reduced use of paper-based submissions thus transforming RBI’s internal and external processes," the post read. Tagging the post, Modi said, "A commendable accomplishment, reflecting an emphasis towards innovation and efficiency in governance." Digital innovation continues to strengthen India’s financial ecosystem, thus empowering countless lives, the prime minister said. (You can now subscribe to our Economic Times WhatsApp channel ) Read More News on Reserve Bank of India Digital Transformation Award 2025 Narendra Modi digital innovation in India Central Banking London Central Banking digital rbi (Catch all the Business News , Breaking News , Budget 2025 Events and Latest News Updates […]

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