The Check’s NOT in the Mail

The global market for Electronic Bill Presentment and Payment (EBPP) estimated at $22.5 billion in 2022, is projected to reach a revised size of $30.6 billion by 2027, growing at a CAGR of 7.7% over the analysis period.

Billers who are yet to start their digital transformation are required to focus on a digital plan that can deliver end-to-end digitization. Initially, they can start the digitization of the front-end processes, such as the customer engagement in the payment and billing process, in order to streamline the transformation of the back-end processes. End-to-end digitization can simplify automation and make the entire process touch-free, which is currently the preferred way of transaction for a growing number of customers.

Source: https://www.strategyr.com/market-report-electronic-bill-presentment-and-payment-ebpp-forecasts-global-industry-analysts-inc.asp