Global Electronic Bill Presentment and Payment (EBPP) Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Electronic Bill Presentment and Payment (EBPP) Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Electronic Bill Presentment and Payment (EBPP) is a process of electronically delivering the bills to the individuals and receiving the bill payment via the internet or through an electronic network. For instance, a customer receives the telephone bill via an e-mail. This e-mail also has a hyperlink mentioned by the service provider for the payment options. After reviewing the entire bill, the customer clicks on the hyperlink, selects the mode of payment and initiates the transfer of funds. The electronic bills delivery and receipt of payments can also be conducted via two separate networks.

Market Overview:

The latest research study on the global Electronic Bill Presentment and Payment (EBPP) market finds that the global Electronic Bill Presentment and Payment (EBPP) market reached a value of USD 2397.24 million in 2022. It’s expected that the market will achieve USD 5536.87 million by 2028, exhibiting a CAGR of 14.97% during the forecast period.

Drivers

In addition to the advantages of the Internet without geographical restrictions, speed and convenience, a unique advantage of EBPP is that it can bring cost savings and efficiency improvements to all parties.
This process does not require any manual operation and physical production process, so it not only reduces the error generation rate, saves the cost, but also minimizes the delay in information communication, that is, the electronic bill is generated at the time, and the automatic proofreading is correct. Delivered to consumers.
For enterprises and banks, instant electronic bill making and delivery saves costs and saves time. Instant payment by consumers also speeds up the collection speed.

Region Overview:

USA had the highest growth rate of all regions.

Company Overview:

The top three companies are Jack Henry & Associates, Symcor, ACI Worldwide with the revenue market share of 8.71%,7.94% and 7.67% in 2018.

JHA offers more than 300 products and services that enable customers to handle financial transactions, automate their business and succeed in an increasingly competitive market. Its three brands: Jack Henry Bank®, Symarar® and ProfitStars® offer support of all sizes, financial institutions, diversified businesses outside the financial industry, and other technology offerings. Serving financial institutions that want to streamline their day-to-day processes, college students who want to keep accessing their accounts, and small business owners who are looking for better tools to handle payments. We are looking for simple, accessible, consistent and secure financial management solutions.

Symcor Inc. provides business process outsourcing services. The Company offers item processing services, including cheque processing, exceptions and returns, image delivery, and statement processing and production services. Symcor serves customers throughout Canada.

Segmentation Overview:

Among different product types, B2B segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the BFSI segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Electronic Bill Presentment and Payment (EBPP) market covered in Chapter 3:

Transactis
ACI Worldwide
Alacriti
Fiserv, Inc.
Paymentus
Payfirma
Kubra
Jopari Solutions, Inc.
Aliaswire
Jack Henry & Associates
Symcor
ClickPay

In Chapter 4 and Chapter 14.2, on the basis of types, the Electronic Bill Presentment and Payment (EBPP) market from 2018 to 2029 is primarily split into:

B2B
C2B
B2C

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Electronic Bill Presentment and Payment (EBPP) market from 2018 to 2029 covers:

BFSI
Health care
Telecommunication
Retail
Education
Media
Manufacturing
Government

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)