Electronic Bill Presentment And Payment Market: By Product (Electronic Bill Presentment, Electronic Bill Payment, Electronic Bill Posting), By Channel (Mobile, Web, Email, IVR), By End User (Banking, Financial Services, and Insurance, Utilities, Retail, Education, IT and Telecom, Media and Entertainment, Education), and Geography

Electronic Bill Presentment And Payment Market size was valued at USD 17.9 billion in 2022 and is expected to reach USD 30.8 billion by 2029, at a CAGR of 7.5% from 2023-2029. Bills and invoices are prepared and presented electronically via electronic bill presentment and payment (EBPP). The Internet is used to provide invoicing and payment methods. A financial institution's customer can use EBPP to transfer money to creditors or suppliers and pay bills via online services at the touch of a button on their smartphones, desktops, and tablets. Banks and other businesses provide their clients with a secure method of sending payments and protect them from data breaches by employing encryption and other technology. This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the global Electronic Bill Presentment and Payment (EBPP) market. The historic years considered for the study are 2016-2019, the base year is 2020, the estimated year is 2021, and the forecast period is  With the rapid growth of the internet, electronic bill presentation and payment options and solutions have sprung up. For cash transactions, various payment mechanisms such as Internet banking, UPI, and mobile wallets have a lot of traffic on their servers. Market companies are establishing electronic payment platforms with encryption and other technologies to offer secure payment services in order to fulfill rising demand and simplify effective traffic handling.