Report ID: SQMIG45F2064
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, gas payment bills, and others ), By Channel(Mobile, websites, IVR, and others), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG45F2064 |
Region:
Global |
Published Date: February, 2024
Pages:
242
|
Tables:
91 |
Figures:
76
Electronic Bill Presentment and Payment Market Regional Insights
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.
In Asia Pacific (APAC), the increased use of the internet with the growing use of smartphones has tremendously helped in doing smooth digital payments. In developing countries, internet and smartphone growth trends have given good benefits in smooth digital payments. In countries like India, e-commerce sales are growing at a rapid rate with the development of digital payment information. The fastest-growing internet speed such as 4G, 5G and other technological advances in Internet services help businesses pay their bills online seamlessly; and in turn, benefitting to the growth of the global electronic bill presentment and payment market over the given forecast period.
Electronic Bill Presentment and Payment Market Report Snapshots
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