Electronic Bill Presentment And Payment Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2015-2020 and Forecast 2021-2027

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Global Electronic Bill Presentment And Payment Market: By Product (Electronic Bill Presentment, Electronic Bill Payment, Electronic Bill Posting), Channel (Mobile, Web, Email, IVR), End User (Banking, Financial Services, and Insurance, Utilities, Retail, Education, IT and Telecom, Media and Entertainment, Education), and Region – COVID-19 Impact Analysis and Forecast to 2027

 

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Report

Description

The global electronic bill presentment and payment market size valued USD 17.9 billion in 2020 and expected to reach USD 30.8 billion by 2027, at a CAGR of 7.5% during the forecast period 2021-2027. Bills and invoices are prepared and presented electronically via electronic bill presentment and payment (EBPP). The Internet is used to provide invoicing and payment methods. A financial institution’s customer can use EBPP to transfer money to creditors or suppliers and pay bills via online services at the touch of a button on their smartphones, desktops, and tablets. Banks and other businesses provide their clients with a secure method of sending payments and protect them from data breaches by employing encryption and other technology. This market research report provides an in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the global Electronic Bill Presentment and Payment (EBPP) market. The historic years considered for the study are 2016-2019, base year is 2020, estimated year is 2021, and forecast period is 2022-2026. With the rapid growth of the internet, the electronic bill presentation and payment options and solutions have sprung up. For cash transactions, various payment mechanisms such as internet banking, UPI, and mobile wallets have a lot of traffic on their servers. Market companies are establishing electronic payment platforms with encryption and other technologies to offer secure payment services in order to fulfil rising demand and simplify effective traffic handling.

Electronic Bill Presentment And Payment Market

MARKET SUMMARY
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7.5% CAGR
  • Study Period– 2021 – 2027
  • Base Year– 2020
  • CAGR– 7.5%
  • Largest Market– North America
  • Fastest Growing Market– Asia-Pacific

Electronic Bill Presentment And Payment Market

  • In this study, the global electronic bill presentment and payment is segmented based on product type, channel, end user and region.
  • The report covers the trends in North America (US, Canada), Europe (Germany, the UK, France, Italy, and Spain), Asia Pacific (China, Japan, South Korea, India, and Australia), Middle East and Africa, and South America.
  • The key strategies analyzed are new product developments, mergers and acquisitions, partnerships, and business expansions that enabled the major players to sustain their leading positions in the market.
Key Players
  • Bottomline Technologies Inc,
  • Communications Data Group Inc.,
  • CSG Systems International Inc.,
  • CyberSource Corporation,
  • eBillingHub,
  • FIS,
  • Fiserv Inc.
Electronic Bill Presentment And Payment Market

Research Methodology

The study extensively uses both secondary and primary research methodologies. More than 50 industry experts from different phases of the value chain (supply side, demand side, resellers/distributors, and independent consultants) were interviewed to gain key insights about the market and validate the research findings. Secondary sources referred for the research study include company websites, annual reports, paid database tools, investor presentations, webinars, blogs, news/journals, whitepapers, survey papers, associations, and government websites. All the collected data and insights were then processed using our proprietary data mining software that executes various algorithms to make projections for the forecasted period.


North-America got significant share

Electronic Bill Presentment And Payment Market

Geographically, the electronic bill presentment and payment market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle-East & Africa. North America holds the largest market share. The Asia-Pacific region, on the other hand, is projected to witness the highest CAGR during the forecast period. Furthermore, developing IT and telecom infrastructure in countries like India, China, South Korea is also influencing the growth of the electronic bill presentment and payment market in the APAC.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Critical Questions Answered in the Report

  • What are the key trends in the global Electronic Bill Presentment and Payment ?
  • How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in next five years?
  • What are the major factors that are influencing the growth of Electronic Bill Presentment and Payment (EBPP) market?
  • What are the key strategies adopted by the major vendors to lead in the global Electronic Bill Presentment and Payment market?
  • What is the market share of the top vendors?
Electronic Bill Presentment And Payment Market Segmentation


Location

GEOGRAPHY


Report

Table Of Content


Report

Company Profile

  • Bottomline Technologies Inc,
  • Communications Data Group Inc.,
  • CSG Systems International Inc.,
  • CyberSource Corporation,
  • eBillingHub,
  • FIS,
  • Fiserv Inc.

 

Description

The global electronic bill presentment and payment market size valued USD 17.9 billion in 2020 and expected to reach USD 30.8 billion by 2027, at a CAGR of 7.5% during the forecast period 2021-2027. Bills and invoices are prepared and presented electronically via electronic bill presentment and payment (EBPP). The Internet is used to provide invoicing and payment methods. A financial institution’s customer can use EBPP to transfer money to creditors or suppliers and pay bills via online services at the touch of a button on their smartphones, desktops, and tablets. Banks and other businesses provide their clients with a secure method of sending payments and protect them from data breaches by employing encryption and other technology. This market research report provides an in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the global Electronic Bill Presentment and Payment (EBPP) market. The historic years considered for the study are 2016-2019, base year is 2020, estimated year is 2021, and forecast period is 2022-2026. With the rapid growth of the internet, the electronic bill presentation and payment options and solutions have sprung up. For cash transactions, various payment mechanisms such as internet banking, UPI, and mobile wallets have a lot of traffic on their servers. Market companies are establishing electronic payment platforms with encryption and other technologies to offer secure payment services in order to fulfil rising demand and simplify effective traffic handling.

ASIA PACIFIC OFFICE

Precision Business Insights, 5th Floor, Mohan’s Elite, Opp : Bharat Petroleum Pump, Khanamet Road, Hitech City, Hyderabad – 500084

EUROPE OFFICE

Precision Business Insights, Kemp House, 152 – 160 City Road, London EC1V 2NX