The Global Electronic Bill Presentment and Payment (EBPP) market is on a transformative journey, expected to soar from US$ 13.74 billion in 2023 to US$ 26.61 billion by 2030, achieving a CAGR of 10.15%. This robust growth trajectory is underpinned by the increasing consumer inclination towards digital payment channels and the ongoing digital transformation across industries.Revolutionizing Payments: The Surge of the Global EBPP Market to US$ 26.61 Bn by 2030
Growth Influencers:
The EBPP market's growth is significantly propelled by the burgeoning adoption of contactless payment options and the rising convenience offered by online transactions. These factors are enhancing the customer payment experience, thereby driving the demand for EBPP solutions. However, challenges such as inadequate coordination between service providers pose restraints to the market's expansion.Segment Overview:
The EBPP market is categorized by EBPP type, bill type, payment channel, and industry.By EBPP Type
- Biller-Direct EBPP
- Consolidated EBPP
By Bill Type
- Phone Bills
- Electric Bill Payment
- Gas Bill Payment
- Other Expenses (DTH, Entertainment etc.)
By Payment Channel
- Mobile apps and wallets
- Websites
- Interactive Voice Response (IVR)
- Kiosk
- Others
By Industry
- FMCG & F&B
- BFSI
- IT & Telecom
- Retail
- HoReCa & QSRs
- Healthcare
- Apparel and Footwear
- Media & Entertainment
- Manufacturing
- Education
- Others
Regional Overview:
Geographically, North America leads the EBPP market, holding more than 40% share in 2023 with revenues of US$ 5.7 billion. This dominance is attributed to the region's quick adoption of digital payment solutions and advanced banking infrastructure. Meanwhile, the Asia Pacific region is marked as the fastest-growing, with a CAGR of over 10%, driven by the increasing penetration of internet and mobile devices.North America
- US
- Canada
- Mexico
Europe
- Western Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Western Europe
- Eastern Europe
- Russia
- Poland
- Rest of Eastern Europe
Asia Pacific
- China
- India
- Japan
- Australia & New Zealand
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East & Africa
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
South America
- Brazil
- Argentina
- Rest of South America
Company Profile:
The competitive landscape is marked by the presence of key players such as ACI Worldwide Inc., Bottomline Technologies, Inc., and Fiserv, Inc., collectively accounting for around 55% of the market share. These companies are at the forefront of EBPP innovation, offering comprehensive solutions that cater to the evolving needs of businesses and consumers alike.Report Insights:
- The EBPP market is poised for significant growth, doubling in size by 2030.
- The shift towards digital and contactless payments is a key driver of market expansion.
- The BFSI and IT & Telecom sectors are pivotal in driving the adoption of EBPP solutions.
Questions to be Answered:
- What are the key drivers and challenges in the EBPP market?
- How is the shift towards digital payment options shaping the EBPP landscape?
- Which regions and sectors are leading in the adoption of EBPP solutions?
- What strategies are key players adopting to capitalize on the EBPP market growth?
Table of Contents
Chapter 1. Research Framework
Chapter 2. Research Methodology
Chapter 4. Global Electronic Bill Presentment and Payment (EBPP) Market Overview
Chapter 5. Global Electronic Bill Presentment and Payment (EBPP) Market, By EBPP Type
Chapter 7. Global Electronic Bill Presentment and Payment (EBPP) Market, By Payment Channel
Chapter 8. Global Electronic Bill Presentment and Payment (EBPP) Market, By Industry
Chapter 9. Global Electronic Bill Presentment and Payment (EBPP) Market, By Region
Chapter 10. North America Electronic Bill Presentment and Payment (EBPP) Market Analysis
Chapter 11. Europe Electronic Bill Presentment and Payment (EBPP) Market Analysis
Chapter 12. Asia Pacific Electronic Bill Presentment and Payment (EBPP) Market Analysis
Chapter 13. Middle East and Africa Electronic Bill Presentment and Payment (EBPP) Market Analysis
Chapter 14. South America Electronic Bill Presentment and Payment (EBPP) Market Analysis
Chapter 15. US Electronic Bill Presentment and Payment (EBPP) Market Analysis
Chapter 16. Company Profile (Company Overview, Financial Matrix, Key Product landscape, Key Personnel, Key Competitors, Contact Address, and Business Strategy Outlook)
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- ACI Worldwide Inc.
- Bottomline Technologies, Inc.
- Communications Data Group, Inc.
- CSG Systems International, Inc.
- CyberSource Corporation
- ebpSource Limited (UK)
- eBillingHub
- Enterprise jBilling Software Ltd.
- Fiserv, Inc.
- FIS
- Jack Henry & Associates, Inc.
- Jopari Solutions, Inc.
- MasterCard
- Pagero AB
- PayPal, Inc.
- SIX Payment Services Ltd.
- Sorriso Technologies, Inc.
- Striata
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 235 |
| Published | February 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 13.74 Billion |
| Forecasted Market Value ( USD | $ 26.61 Billion |
| Compound Annual Growth Rate | 10.1% |
| Regions Covered | Global |
