Precision Business Insights has published a report on the global electronic bill presentment and payment market, estimating its value at USD 19.24 billion in 2024 and is expected to expand at a compound annual growth rate (CAGR) of 7.5% over the forecast period 2025-2031. The report explores the market growth and potential opportunities in the market industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.
View the detailed report description here - https://www.precisionbusinessinsights.com/market-reports/global-electronic-bill-presentment-and-payment-market
The Electronic Bill Presentment and Payment (EBPP) market is the digital ecosystem that allows businesses to prepare, distribute, and process bills and invoices electronically. It replaces traditional paper-based billing with secure, automated platforms that enable clients to see and pay invoices using online portals, mobile apps, or linked banking systems.
Drivers:
- Rising adoption of digital payment technologies across industries to improve transaction speed and reduce manual errors.
- Growth of mobile commerce and smartphone penetration, driving demand for mobile-optimized billing interfaces.
The global electronic bill presentment and payment market segmentation:
1) By Product: Electronic Bill Presentment, Electronic Bill Payment, Electronic Bill Posting
2) By Channel: Mobile, Web, Email, IVR), By End User (Banking, Financial Services, and Insurance, Utilities, Retail, Education, IT and Telecom, Media and Entertainment, Education
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Regional Overview:
The report also examines the current concerns and their Future Effects on the electronic bill presentment and payment market by the region. The report covers all regions and countries, North America was the largest and Asia was the fastest-growing region in the electronic bill presentment and payment market. The market has been segmented into numerous primary regions and a detailed evaluation of primary countries.
- North America (U.S., Canada)
- Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)
- Latin America (Mexico, Brazil, Argentina, Columbia, Rest of Latin America)
- Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)
The competitive landscape is dominated by major players like Bottomline Technologies Inc, Communications Data Group Inc., CSG Systems International Inc., CyberSource Corporation, eBillingHub, FIS, Fiserv Inc.
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