North America Electronic Bill Presentment and Payment (EBPP) Market Size by Deployment, by Applications, by Type, by End-User & by Technology 2032
North America Electronic Bill Presentment and Payment (EBPP) Market was valued at USD 4.2 Billion in 2022 and is projected to reach USD 7.6 Billion by 2030, growing at a CAGR of 7.6% from 2024 to 2030.
The adoption of Electronic Bill Presentment and Payment (EBPP) solutions in North America is transforming how businesses and consumers handle financial transactions. With over 75% of households utilizing digital payment methods, the shift towards a paperless, real-time billing environment is undeniable. Key industries such as utilities, healthcare, retail, and financial institutions are leveraging EBPP systems to enhance operational efficiency and customer satisfaction.
Industry Applications of EBPP
- Utility Companies: More than 1,500 utility providers now use EBPP to streamline billing, reducing costs and integrating sustainable energy credits.
- Healthcare: Over 500 million telehealth billing transactions are processed annually via EBPP, simplifying insurance claims and medical payments.
- Retail and E-commerce: Over 10,000 retailers have adopted EBPP, facilitating billions of transactions yearly through digital wallets and online banking.
- Financial Institutions: With over 2 billion users North Americaly engaged in online banking, EBPP is a crucial component of modern financial services.
Key EBPP Requirements from Industries
- Security and Compliance: Enhanced fraud protection measures have reduced payment fraud rates by 65% in North America.
- Seamless Integration: Businesses demand EBPP solutions that integrate with existing ERP and CRM systems.
- Mobile Optimization: With mobile payment applications accounting for nearly 50% of the EBPP market, mobile-friendly platforms are essential.
- AI and Automation: The use of AI-driven invoicing and automated payment reminders is on the rise.
Future Trends in the EBPP Market
- Wearable and voice-activated payment technologies are gaining traction, with over 300 million transactions monthly.
- Contactless payment adoption continues to grow, driven by the increasing use of Apple Pay and Google Pay.
- Cross-border EBPP solutions are expanding, supporting over 100 million North America transactions annually.
As digital payment systems evolve, businesses must adopt robust EBPP solutions to remain competitive in the North America Electronic Bill Presentment and Payment (EBPP) Market.
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Who are the largest North America manufacturers in the Electronic Bill Presentment and Payment (EBPP) industry?
- Kurbra
- Chase Paymentech
- Elavon
- First Data
- Canada Payments
- Epost
- Microsoft
- SAP
- Harris Systems
- Broadridge
- Symcor
- Payfirma
- Square
- Stripe
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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What are the factors driving the growth of the North America Electronic Bill Presentment and Payment (EBPP) Market?
Growing demand for below applications around the world has had a direct impact on the growth of the North America Electronic Bill Presentment and Payment (EBPP) Market
- Financial Institutions
- Telecommunication
- Utility Companies
- Other Industries
What are the types of Electronic Bill Presentment and Payment (EBPP) available in the Market?
Based on Types the Market is categorized into Below types that held the largest Electronic Bill Presentment and Payment (EBPP) market share In 2023.
- The Direct Biller Model
- The Consolidator Model
Which regions are leading the North America Electronic Bill Presentment and Payment (EBPP) Market?
- North America (United States, North America and Mexico)
- Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
- Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
- South America (Brazil, Argentina, Columbia, etc.)
- Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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Detailed TOC of North America Electronic Bill Presentment and Payment (EBPP) Market Research Report, 2024-2032
1. Introduction of the North America Electronic Bill Presentment and Payment (EBPP) Market
- Overview of the Market
- Scope of Report
- Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
- Data Mining
- Validation
- Primary Interviews
- List of Data Sources
4. North America Electronic Bill Presentment and Payment (EBPP) Market Outlook
- Overview
- Market Dynamics
- Drivers
- Restraints
- Opportunities
- Porters Five Force Model
- Value Chain Analysis
5. North America Electronic Bill Presentment and Payment (EBPP) Market, By Type
6. North America Electronic Bill Presentment and Payment (EBPP) Market, By Application
7. North America Electronic Bill Presentment and Payment (EBPP) Market, By Geography
- North America
- Europe
- Asia Pacific
- Rest of the World
8. North America Electronic Bill Presentment and Payment (EBPP) Market Competitive Landscape
- Overview
- Company Market Ranking
- Key Development Strategies
9. Company Profiles
10. Appendix
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