Global Electronic Bill Presentment and Payment Market

Global Electronic Bill Presentment and Payment Market Size, Share, Growth Analysis, By Product(Biller-direct EBPP, and consolidated EBPP ), By Biller type(Phone bills, electricity bills), By Channel(Mobile, websites) - Industry Forecast 2024-2031

Report ID: SQMIG45F2064 | Region: Global | Published Date: February, 2024
Pages: 242 | Tables: 91 | Figures: 76

Global Electronic Bill Presentment and Payment Market News

  • In February 2022, a merchant service technology company, named Aliaswire, partnered with Mastercard, for the integration of its Direct Biller payment platform with Mastercard Bill Pay ExchangePagero AB- Pagero AB has built an open network for providing end-to-end online communication for businesses. 
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Electronic Bill Presentment and Payment Market size was valued at USD 22.99 billion in 2019 and is poised to grow from USD 25.37 billion in 2023 to USD 55.59 billion by 2031, growing at a CAGR of 10.3% in the forecast period (2024-2031).

Global electronic bill presentment and payment market is highly competitive and somewhat fragmented. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D. 'ACI Worldwide, Inc.', 'Adyen NV', 'AliPay', 'Bottomline Technologies, Inc.', 'CyberSource Corporation', 'Fidelity National Information Services, Inc.', 'Fiserv, Inc.', 'Global Payments, Inc.', 'Ingenico Group SA', 'Intuit, Inc.', 'JPMorgan Chase & Co.', 'Mastercard Incorporated', 'NCR Corporation', 'PayPal Holdings, Inc.', 'Square, Inc.', 'Stripe, Inc.', 'Tencent Holdings Limited', 'Visa Inc.', 'Worldline SA', 'ZOHO Corporation'

The increasing adoption of electronic bill payment solutions by many organizations to smoothly help the customers in managing their expenditures and optimize the management of the human resources for minimizing the operational costs & good profitability is, however, assumed to augment the growth of the EBPP market during the forecast period.

Most of the businesses shifted from traditional paper billing and payments systems to mobile bill presentment and payment is starting to acquire a prime choice in the global electronic bill presentment and payment market. These systems permit businesses to send bills and payments with a great medium of text or email, that is very convenient for customers.

North America dominated the global electronic bill presentment and payment (EBPP) market in 2021 due to the highly developed EPBB Market in terms of total submissions and payment tools, retailers, and bidders.  The most developed market is in the United States for EBPP, the sellers and end-users have widely adopted these solutions and mobile payment is considered as a preferred mode of payment.

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