Electronic Bill Presentment and Payment Market - Industry Size, Share, Growth & Forecast 2028 | UnivDatos

Electronic bill payment and presentment (EBPP) is a process that companies use to collect payments electronically through systems like the Internet, direct-dial access, and Automated Teller Machines (ATMs). The growing adoption of electronic bill payment solutions for efficient management of expenses and the optimization of human resources to reduce operational costs are attributed to the growth of the electronic bill payment and presentment (EBPP) market. Furthermore, the rising adoption of smartphones with high-speed internet access to access their bills and carry out payments with the portals such as debit cards and credit cards also increases the market for the EBPP.

Increasing demand for efficient operations is expected to drive the global electronic bill presentment and payment market at a CAGR of 7%, during the forecast period. Major companies in the market that offer electronic bill presentment and payment are Pacific Biolabs, STRERIS Corporation, Boston Analytical, Gibraltar Laboratories, Sartorius AG, and SolviasAG. ACI Worldwide Inc., Bottomline Technologies Inc., Communications Data Group Inc., CSG Systems International Inc.

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According to UnivDatos Market Insights (UMI)’ research report “Global Electronic Bill Presentment and Payment Market”, the market is expected to witness robust growth during the forecast period (2022-2028). This is mainly due to the growing online payments and rapidly rising IT industry.

Based on the channel, the market has been categorized into mobile, email, web, and others. Among them, the mobile segment is expected to have significant growth in the market. The rising number of smartphone users and an increasing number of mobile banking applications are the important reason for the growth of the segment in the market. For instance, around 44 percent of the Indian population is currently using smartphones which means around 606.5 million Indians have access to smartphones.

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Based on the end user, the market has been categorized into BFSI, IT & telecom, government, energy & utilities, and others. Among them, the BFSI segment is expected to have significant growth in the market during the forecast period. This is mainly due to the adoption of digital payments and the increasing use of technology by the sector. Furthermore, the increasing accessibility of the online payment system launched by banks and financial organizations also increases the market for electronic bill presentation and payment.

APAC to witness extensive growth

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 (U.S., Canada, Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. Asia pacific constitutes a significant electronic bill presentment and payment market due to the presence of emerging economies, the rising efforts of the nations to digitalize their economy, and the growing startups are some important factors for the market growth of electronic bill presentment and payment in the region. For instance, as per startupindia.gov, India has the 3rd largest startup ecosystem in the world; expected to witness YoY growth a consistent annual growth of 12-15%.

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According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the electronic bill presentment and payment market are 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.

 “Global Electronic Bill Presentment and Payment Market” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for the market players. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitors’ capabilities on different parameters. This will help companies in the formulation of go-to-market strategies and identifying the blue ocean for its offerings.        

Market Segmentation:

1.      By Channel (Mobile, Email, Web, and Others)

2.      By End-users (BFSI, IT & telecom, Government, Energy & Utilities, and Others)

3.      By Region (North America, Europe, Asia-Pacific, Rest of the World)

4.      By Company (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.)

Key questions answered in the study:

1.      What are the current and future trends in the global electronic bill presentment and payment industry?

2.      How the industry has been evolving in terms of channel and end-user?

3.      How the competition has been shaping across the countries followed by their comparative factorial indexing?

4.      What are the key growth drivers and challenges for the global electronic bill presentment and payment industry?

5.      What is the customer orientation, purchase behavior, and expectations from the global suppliers across various region and countries?