Telecommunication Electronic Bill Presentment and Payment Market to Hit USD 13.99 Billion by 2028 – Global Insights on Investing Essentials, Fundamental Analysis, Portfolio Management & Growth Opportunities: Adroit Market Research

The growing consumer electronics industry in developing economies followed by rising per capita spending is expected to increase the bill supply of electronic communications and focus the payment market over the coming years.

DALLAS, Jan 28, 2022 (GLOBE NEWSWIRE) — A telecommunications EBPP is described as the delivery of billing information to end users via electronic media while providing the electronic payment options necessary to allow timely settlement. The EBPP model, developed by the Electronic Billing and Payment Board of the National Automated Clearinghouse Association, is a type of electronic billing in which billers produce electronic invoices for customers to see and pay through an electronic medium (the Internet). EBPP systems, often known as e-billing or e-billing, are widely used in the utilities, financial services, and telecom industries.

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Unlike paper invoices and statements, this can only provide a stable, one-way communication, and Electronic Billing and Payment Viewing (EBPP) enables data and billing to be transmitted in an interactive, ad-hoc, and real-time manner. The use of EBPP technology ensures that bill payment procedures are automated, simplified and managed. The global telecommunications electronic bill display and payment market revenue is expected to reach approximately US$13991.2 million by 2028.

The convenience offered by technology is a critical factor in driving growth in the EBPP industry. EBPP services are becoming increasingly popular among customers and businesses alike, due to the high degree of ease they provide to consumers while allowing businesses to reduce billing. Mobility is the new buzzword among today’s tech- and smartphone-obsessed youth. The use of electronic billing is enhanced by an increased focus on convenience at any time, transparency of transactions, ease of use, and safe and secure time-saving options. EBPP gives customers more control over the billing process and ensures faster and safer bill payments. Consumers prefer electronic billing because technology helps protect the environment by allowing them to switch to paperless billing.

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The trend towards newer payment mechanisms, such as mobile payments, will continue to help this sector. Forward-thinking companies focused on developing trustworthy and environmentally friendly customer communications, as well as those that harness the power of the Internet, will continue to outperform other organizations. Service Providers may use EBPP to provide a simple platform for customers to view and pay bills online. Customers who lack on time find EBPP more convenient and easier to use to pay bills while accessing the same account as the supplier’s call center. EBPP systems will experience increased acceptance as a result of the benefits that technology offers over competing technologies. EBPP is poised to become an important role in the success of any modern company, due to reasons such as technological advancement, lower electronic payment costs, and benefits offered to both customers and businesses.

The growth of the electronic billing and payment system has been and will continue to be driven by factors such as guaranteed security, enhanced control, privacy and convenience. EBPP will continue to target financial services and insurance companies (including credit card issuers, retail banks, and investment banks), as well as the telecommunications industry, which generates hundreds to millions of bills each month.

The global electronic billing delivery and payment industry is mainly divided into application, type and regional scenarios. When considering the genre segment, the global industry is separated into the overall model, direct mode, and push/pull technology called. When considering the applications segment, the global market is segmented into mobile and fixed communications.

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Table of contents

Chapter 1 Introduction

Research Methodology Chapter 2

Chapter 3 Executive Summary

Chapter 4 Market Outlook

Chapter 5 Telecom Electronic Billing Display and Payment Market by Type

Chapter 6 Market for Electronic Invoice Submission and Payment by Application

Chapter 7 The Market for the Submission and Payment of Electronic Telecommunication Bills by Region

Chapter 8 Competitive Scene

Chapter 9 Company Profiles

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