The rising number of internet-enabled smartphones around the world is creating growth opportunities for the global electrical bill presentment and payment (EBPP) market says, Fortune Business insights in a report, titled “Electronic Bill Presentment and Payment“ Market Size, Share And Global Trend By Product (Electronic Bill Presentment, Electronic Bill Payment, Electronic Bill Posting), By Application (Billers, Consumers, Bill Consolidator, Banks & Financial Institutions), By Channel(Application Programming Interface (API), Mobile, Web, Email, IVR, POS, Kiosk), By End Use Industries(BFSI, Insurance, Healthcare) And Geography Forecast Till 2026.” The growing mobile internet networks is contributing positively to the global electronic bill and payment services industry.
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1. By Product
- Electronic Bill Presentment
- Electronic Bill Payment
- Electronic Bill Posting
2. By Application
- Bill Consolidator
- Banks & Financial Institutions
3. By Channel
- Application Programming Interface (API)
4. By End Use Industries
- IT & Telecom
- Media & Entertainment
5. By Geography
- North America (USA and Canada)
- Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
- Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
- Latin America (Brazil, Mexico and Rest of Latin America)
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Top Players Overview:
- Bottomline Technologies
- Discover Financial Services
- ACI Worldwide
- Cypher Systems Group (CSG)
- Communications Data Group (CDG)
Consumer Preference for Online Payment Will Benefit Market
Rising adoption of credit and debit cards is one of primary reasons enabling the electronic bill & payment services market growth. Financial institutions and banks are playing a vital role in transforming the payment method system while providing debit cards to all account holders. Electronic bill presentment is also known as e-invoicing, e-billing, and others. The rising number of users using digital payment method is having an outstanding effect on the market.
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PayPal’s Partnership with Synchrony to Augur Well for Market
PayPal Inc., an American online payment services company announced its partnership with a consumer financial company, Synchrony financial. The partnership is established with an aim to expand relationships between the two companies while extending their consumer credit card program agreement. The electronic bill and payment services market is predicted to gain considerably from the merger between the companies, which involves the credit card agreement of the PayPal Extras MasterCard and the PayPal Cashback MasterCard. The launch of advanced wallet cards is expected to fuel demand among customers which in turn will drive the global electronic bill and payment services industry.
For instance, Visa announced the world’s first wallet card. Features of the wallet include the capacity to access various cards, magnetic stripe-based or contactless, whether EMV, to a programmable on-card display that enables account information, such as coupons or alerts, to be sent to the cardholder via an implanted antenna. The rising penetration of smartphones will fuel the demand for the aforementioned features, which is a key factor enabling growth in the market. In addition to this, acquisitions by market key players and the launch of wallet card are predicted to accelerate growth to the electronic bill and payment services revenue flow.
Key Market Driver –
- Increased adoption of credit and debit cards
- Growing need to improve customer experience & reduce bill delivery cost
Key Market Restraint –
- Lack of technical awareness and stringent government regulations
Major Table of Content For Electronic Bill Presentment and Payment Market Market:
- Executive Summary
- Market Dynamics
- Key Insights
- Electronic Bill Presentment and Payment Market Market Analysis, Insights and Forecast, 2026
- North America Electronic Bill Presentment and Payment Market Market Analysis, Insights and Forecast, 2026
- Europe Electronic Bill Presentment and Payment Market Market Analysis, Insights and Forecast, 2026
- Asia Pacific Electronic Bill Presentment and Payment Market Market Analysis, Insights and Forecast, 2026
- The Middle East and Africa Electronic Bill Presentment and Payment Market Market Analysis, Insights and Forecast, 2026
- Latin America Electronic Bill Presentment and Payment Market Market Analysis, Insights and Forecast, 2026
- Competitive Landscape
- Company Profile
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