Electronic Bill Presentment and Payment Market: Current Analysis and Forecast (2022-2028)

The global electronic bill presentment and payment market are expected to grow at a significant rate of around 7% during the forecast period. Electronic bill presentment and payment (EBPP) is a process that enables billers to create, and present invoices online to their customers. The extensive use of the EBPP services in bill payments, fund transfer through net banking of various purchases, and mobile & DTH recharge is attributed to the market growth of electronic bill presentment and payment. Furthermore, the growing adoption of e-commerce, and strong logistics and digital infrastructure led to an increase in the number of people purchasing goods online resulting in the market growth of electronic bill presentment and payment. For instance, almost 96% of Americans have made at least one online purchase in their life.

ACI Worldwide Inc., Bottomline Technologies Inc., Communications Data Group Inc., CSG Systems International Inc., CyberSource Corporation, ebpSource Limited, eBillingHub, Enterprise jBilling Software Ltd., Fiserv Inc., and FIS are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.

Insights Presented in the Report:

"Amongst channel, mobile category to witness higher CAGR during the forecast period"

Based on the channel, the market has been categorized into mobile, email, web, and others. Among these, the mobile segment has a significant share in the electronic bill presentment and payment market. The introduction of various wallet applications provides the user more convenient, fast, and reliable platform for the transaction. Furthermore, the integration of the banking system with mobile systems is also an important factor for the segmental growth of mobiles in the EBPP market.

"Amongst end-user, the BFSI to hold a significant share in the market in 2020"

Based on the end user, the market has been categorized into BFSI, IT & telecom, government, energy & utilities, and others. Among these, BFSI has a considerable share in the electronic bill presentment and payment market. The rapidly rising banking industry due to the increasing number of online transactions is one of the important factors for the growth of the BFSI segment. Furthermore, with the adoption of digital payments and the use of technologies such as artificial intelligence and machine learning the banks and financial services are also responsible for the growing consumer base and BFSI sector.

"APAC to hold a significant share in the market"

For a better understanding of the market adoption of the electronic bill presentment and payment industry, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, and the Rest of North America), Europe (Germany, France, Italy, Spain, United Kingdom and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. In 2020, APAC held a significant share of the global electronic bill presentment and payment market. The higher investment in the IT sector and financial sectors along with the presence of increasing online transactions in the region are important factors for the growth of the market in the Asia Pacific. For instance, in 2022, in India, UPI recorded over 30 billion transactions worth USD 190 billion so far. The next target for UPI is to process a billion transactions a day in the next 3-5 years.

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The study includes market sizing and forecasting analysis validated by authenticated key industry experts.

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The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.

Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.

The study comprehensively covers the market across different segments.

Deep dive regional level analysis of the industry.

Customization Options:

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