E-Bill Market Size, Share & Industry Analysis, By Platform (Integrated Software, Mobile, Web, POS, Kiosk, etc.), By Product (E-Bill Presentment, E-Bill Payment, and E-Bill Posting), By Bill Type (Legal Bills, Core Bills (VAT/E-Way Bills, etc.), and Commercial Bills), By Industry Vertical (Manufacturing & Mining, Automotive & Mobility, Retail & Consumer goods, Healthcare & Life Science, BFSI, Aerospace & Defense, IT & Telecom, and Others (Media & Entertainment, etc.)) and Regional Forecast, 2025 – 2032

The global e-bill market was valued at USD 23.09 billion in 2024. It is projected to grow from USD 24.84 billion in 2025 to USD 60.02 billion by 2032, exhibiting a CAGR of 13.4% during the forecast period.

The global Electronic Bill (E-Bill) market is a continuously evolving and dynamic market driven by the growing demand for digital bill services. The digital bill sector's growth is further proliferated by the integration of Artificial Intelligence (AI), blockchain, cloud computing, and a supportive regulatory framework that enhances operational efficiency, personalization, and improved security. Furthermore, bill or e-invoices offer benefits such as cost savings, time savings, accuracy and efficiency, improved cash flow, environmentally friendly, and fulfil legal requirements.

The COVID-19 pandemic spurred rapid digital adoption across electronic bills. This approach increases efficiency and eliminates the requirement to issue duplicate invoices, accelerating digitization in the electronic bill domain. Geo-political shifts, trade policies, and mandatory e-invoicing trends heavily influence the market. For instance, increasing mandatory B2B e-invoices across leading countries such as Greece, Hungary, Poland, Portugal, and Spain drives opportunities across the B2B and B2C sectors. Furthermore, cross-border business collaborations are often impacted by foreign policy changes, opening new opportunities in the long term.

IMPACT OF GENERATIVE AI

Automate Processes Through AI to Streamline E-Bill Adoption

Generative AI is renovating the e-bill industry by helping to streamline AI systems to excel in invoice generation and electronic bill processing. The major advantage of such AI-driven templates are automated to swiftly capture data from crucial trade and business documents such as purchase order, sales order, and sales records by extracting information and placing it in precise columns. AI-powered extraction tools eliminate the manual extraction time of 3.5 minutes to reducing it sharply by 27 seconds. AI in the electronic bill sector streamlines complex tasks of the accounts receivable and payable teams by simplifying the invoice matching with payments received.

• For instance, in February 2025, InvoiceCloud partnered with POWERCONNECT.AI to offer an integrated AI solution for utility payments. This partnership will also offer additional integrations to make digital payments more convenient.

MARKET DYNAMICS

Market Drivers

Upsurge in Demand for Real-Time Billing and Supportive Regulations Drive Market Growth

E Bill implementation offers many advantages over traditional digital billing systems by offering real-time data interchange between systems and minimizing the payment time. Businesses embrace the digitalization of financial processes that reduce latency between and within financial processes. Further, government bodies across the globe are driving the adoption of e-invoicing through primary motivations such as improving public sector efficiency, plugging tax holes, and incentivizing adoption. The regulatory bodies in the U.S., such as the Business Payments Coalition (BPC) and the Federal Reserve, have been actively promoting the adoption of e-invoicing and electronic billing. All these real-time features and scalability demand drive the e-bill market growth progressively.

• For instance, in November 2024, Alacriti, a payment solution provider, announced a partnership with Access Softek. The partnership will allow Softek to deliver cutting-edge payment solutions via the RTP network and the FedNow service, fully integrated with its digital banking platform. This partnership seeks to modernize payment operations, addressing the growing demand for real-time money movement and unified payment systems.

Market Challenges

Data Privacy Risks and High Cost of Implementation are Short-Term Challenges

The E-Bill aspect is a notable challenge in the near future, owing to its high cost of implementation and complex infrastructure. In the era of SaaS and Cloud services, businesses demand agility, flexibility, and scalability from their infrastructure. Electronic billing (e-billing) solutions that can easily adapt, scale, and support businesses in such a way that they can be easily classified as OpEx and CapEx in system terminology and can win over traditional billing systems. Invoice data is highly sensitive, making it a security and privacy issue for major business owners. Data protection laws, including the EU General Data Protection Regulation (GDPR) and the U.S. California Consumer Privacy Act (CCPA), further create complexity for service providers. Thus, the Integration of AI has provided capabilities, at the same time exposing enterprises to potential cyber threats, which could vacillate enterprises' investments.

Market Opportunities

Shift Toward Cloud and Advance Invoicing Capabilities Drive Market Potential

Cloud services are paving the way for the use of AI in a B2B business data exchange framework. Implementation of cloud service enables internet access to resources at a reasonable cost, which would otherwise be hard and not affordable as in-house infrastructure. Today, almost one-third of Europe's e-invoices are transmitted through cloud services, and the usage proportion is still rising, and this could escalate upto 70% by 2025. Electronic billing is an integral part of the ERP industry that offers advance capabilities such as improving cash flow, low latency in payment receiving, and easy integration with traditional ERP and accounting solutions such as SAP, Tally, and others. Further, it enables real-time spend analysis, benchmarking improvement in Day Sales Outstanding (DSO), and compliance with international tax norms. These advanced capabilities help businesses switch to innovative technologies, unlocking potential revenue that will grow the e-bill market share during the forecast period.

• For instance, in July 2024, Alacriti, a cloud-based payment solution provider, announced a strategic partnership with Lumin Digital, an innovative banking solutions provider. The collaboration aims to empower financial institutions and advance payment functionalities that improve operational efficiency and deliver superior customer experiences.

E-Bill Market Trends

Rapid Adoption of Mobile Invoicing and Payments Shape E-Bill Future Trends

E-Bill boosts the invoicing and payment lead time by digitally eliminating the process time to less than a minute. Moreover, accelerating the domination of this technology by providing the facilities on all portable devices and smartphones has boosted the adoption of mobile invoicing. Today, businesses from small and medium scale brackets are using PDF format invoices, and the growth of electronic bill software as a service sector has laid a strong foundation for the digital billing industry. Businesses are switching toward streamlined and structure invoice-generating solutions that are easy to integrate on mobile devices. These aspects are shaping the future market trends, driving the e-bill market size exponentially during the forecast period.

• For instance, in July 2024, CaptainBiz, a prominent Fintech SaaS provider, launched its comprehensive suite to generate unlimited e-invoices and e-waybills on the mobile app. The new feature will allow them to run their operations smoothly, claim tax credits, and comply with industry regulations. 

SEGMENTATION ANALYSIS

By Platform

Growing Integrated Software Demand in In-House Services Dominates Platform Segment

The market is divided by platform into integrated software, mobile, web, POS, kiosk, etc.

The integrated software platform is the largest and dominating segment owing to the comprehensive electronic billing and posting demand across the digital trade infrastructure.  The growth of the segment is due to strong demand and high operational efficiency favored by significant investment by large enterprises and financial institutions. Mobile solutions are experiencing a surge in popularity due to their widespread adoption across QuickServiceRetail and billing services in banking apps. Web services offer easy accessibility through plugins, and improvements in UI and UX drive their steady growth. POS and Kiosk segment to maintain its relevance as increasing preference for contactless and digital payment.

• For instance, in July 2024, IH Mississippi Valley Credit Union (IHMVCU) partnered with Alacriti, a leading payment and money movement solution provider, to elevate the loan experience. The collaboration enables the integration of the cutting-edge Orbipay Electronic Bill Presentment and Pay (EBPP) solution with a seamless, user-friendly, and efficient payment experience, reducing operational costs by at least 25%.

By Product

Increasing Adoption of Digital Bill Presentment Product Drives Segment Growth 

As per product, it is classified into electronic bill presentment, electronic bill payment, and electronic bill posting.

E-Bill presentment portfolio is dominating the product segment due to its solidarity demand role in the electronic bill ecosystem, enabling digital delivery of electronic bills direct to the customers. However, the market is maturing and focuses on emerging services such as interactive and transactional electronic bills, pushing innovation in the segment.

The electronic bill payment segment is observing rapid growth due to advancements in real-time payment services, proliferation of mobile wallets, and increasing demand for seamless one-click payment services. E-Bill posting services benefit from the overall shift to digital billing, maintaining its substantial demand.

• For instance, in the U.S., Business Payments Solution (BPC) reported 25% adoption of e-invoices by U.S. companies. The introduction of a single platform for sharing e-invoices data, PEPPOL, is already in effect to support the growth of e-invoicing, transparency, and co-operation.

By Bill Type

Expansion of Digital Billing Services Boosts Core Bills Transaction

The bill type segment is broadly classified into legal bills, core bills (VAT, E-Way Bills, etc.), and commercial bills.

Core bills encompassing VAT, e-way bills, and other crucial documents dominate the electronic bill type segment owing to their high volume of transactions and government mandates for digital invoicing and financial tracing. Commercial bills, including goods & services invoices and daily transaction bills, are widely adopted across various manufacturing and e-commerce sectors, driven by the increasing digital billing preferences in the HoReCa and retail industry.

Legal bills are keeping their relevance due to mandatory compliance in BFSI and government transactions for secure and compliant electronic billing practices.

• For instance, in April 2024, Coupa partnered with Bottomline to simplify the digital payment process for businesses. Coupa can connect to Paymode-X, which offers premium ACH to automate payments from buyers to suppliers.

By Industry Vertical

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Ease of Transaction and High Volume Proliferate E-Bill Potential

The market is categorized by industry vertical into manufacturing & mining, automotive & mobility, retail & consumer goods, healthcare & life science, BFSI, aerospace & defense, IT & telecom, and others (media and entertainment, etc.).

The retail & consumer goods sector dominates the segment with highest market share, driven by the high volume of billing and the need for efficient transaction management. Additionally, the increasing adoption of digital payments and ease of transaction among merchants and customers proliferate the electronic billing presentment and payment market, and the growth of EBPP systems. The IT & telecom sector is witnessing a robust growth due to high billing frequency (e.g., monthly subscriptions, service renewals, etc.). The BFSI sector is set to witness steady growth, adopting the electronic bill system for statements and bill payments. Sectors such as automotive & mobility, manufacturing and mining, healthcare & life sciences, aerospace & defense, and others need to maintain substantial growth, contributing positively to the market expansion in the long term.

• For instance, in January 2024, NMI launched a newly upgraded Shopify integration that ensures, NMI's independent sales organizations and partners with more choices with their merchant offerings. This also provides better security and compliance that aligns with Shopify’s requirements. 

E-BILL MARKET REGIONAL OUTLOOK

Asia Pacific

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Asia Pacific holds the largest share, dominating the global market owing to the rising investment in digital billing and posting solutions supported by the increasing GDP growth of prominent economies, including China, India, Japan, South Korea, and SEA. Furthermore, mandatory usage of electronic billing and invoices to stop tax fraud and tracing is driving growth.

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China in the Asia Pacific region is witnessing extensive growth owing to rapid digitalization, and promoting transparent tax systems encouraging electronic invoicing and electronic billing. For example, the China Golden Tax System is a government-developed IT tax system that controls the creation of the VAT system. Additionally, India is the fastest-growing region owing to the mandatory e-invoicing creation and posting for businesses by the taxing firms and GST Council, which enables digital tracing and transparency for a fair taxation system. Similar initiatives by APAC countries such as Japan, South Korea, ASEAN, and others promote e-invoicing.

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North America

North America's electronic bill market is witnessing progressive growth driven by the rapid adoption of the unilateral taxation and billing structures that promote easy trade of goods within the United States and outside the country. Further, the region's promotion of digital infrastructure through policies such as the Uniform Electronic Transactions Act (UETA) and the Electronic Signatures in Global and National Commerce Act (ESIGN) is facilitating e-billing adoption. U.S. E-bill competition landscape is shaped by the complex transaction regulations and real-time advancements promoting ease of transaction across various billing domains.

South America

South America is a steady market, as businesses have already switched to digital bill infrastructure, owing to the mandatory e-invoicing system since 2008. Thus, demand for advanced capabilities and AI capabilities to draw real-time insights for decision-making drives electronic bill adoption.

Europe

Europe is showcasing moderate growth due to the strict implementation and mandate of electronic invoicing in public procurement activities is widening electronic bill adoption across different industries. Additionally, policies such as the E-Invoicing Directive 2014/55/EU aim to streamline VAT reporting across member states, reducing fraud. Italy and Spain mandated B2B invoicing in their commercial activities, while Poland, Belgium, and other countries are planning implementation to drive market growth.

• For instance, in January 2024, Global Payments Inc., a leading payment technology and solution provider, announced a joint venture with Commerzbank to deliver digital payment solutions for medium and small-scale businesses across Germany.

Middle East & Africa

The Middle East & Africa (MEA) region is showcasing significant growth due to increasing companies heavily adopting advanced software to minimize the risk of operations and uniformity in taxation infrastructure, driving electronic bill growth. Further, South Africa’s SARS promotes the e-invoice adoption rates, enabling cost savings and efficiency gains for businesses.

COMPETITIVE LANDSCAPE

KEY INDUSTRY PLAYERS

Focus on Integrating AI for Real-Time Transactions to Extend Market Potential

AI intensifies the electronic bill potential through a directive emphasis on integrating AI into e-invoicing and billing systems. These modern billing systems motivate transparent business processes as they help minimize lead time and offer real-time tracking. Governments worldwide shape the competitive landscape of the market, with strict mandates to use electronic bills for trade and transaction activities. Furthermore, the integration of AI, strategic partnerships, and increased focus on developing a transparent economy profoundly affect players’ positions in the market.

• For instance, in January 2024, Global Payments Inc., a leading payment technology and solution provider has announced a joint venture with Commerzbank to deliver digital payment methods for medium and small-scale businesses across Germany.

List of Key E-Bill Companies Profiled

• Alacriti (U.S.)


• Fiserv Inc (U.S.)


• Truist (U.S.)


• Pagero AB (Sweden)


• ACI Worldwide Inc. (U.S.)


• CSG Systems International, Inc. (U.S.)


• Cybersource Corporation (U.S.)


• BottomLine Technologies Inc. (U.S.)


• FIS (U.S.)


• Billtrust (U.S.)


• Global Payments Inc. (U.S.)


• Nordis Technologies (U.S.)


• PayPal Inc. (U.S.)


• Sorriso Technologies Inc. (U.S.)


• Comarch (Poland)


• Edicom (Valencia)


• Vertex, Inc. (U.S.)


• Basware Oyj (Finland)


• CDS Global (U.S.)


• Enterprise jBilling Software Ltd. (Canada)

KEY INDUSTRY DEVELOPMENTS

• April 2025: Alacriti, a leading cloud payment technology company, launched the enhanced version of Orbipay. It offers advanced capabilities such as automation, first design, and intelligent processing for ACH payments. This enhanced solution will automate and streamline transactions for financial institutions quickly and efficiently.


• March 2025: Fiserv, a leading payment and financial services firm, has announced the acquisition of Payfare Inc., a prominent banking program management company. The acquisition will complement Fiserv's existing embedded solutions portfolio, with the company's strengths in processing, bank ledgers, and a complete solution for embedded banking, payments, and lending services.


• March 2025: Bottomline Technologies, a prominent leader in payment solutions, has announced a partnership with Pairsoft, an AI-driven procure-to-pay solution. The collaboration will embed bottom-line business payment networks into Pairsoft's existing accounts payable workflow, providing customers with direct access to secure and automated payment within the network.


• February 2025: ACI Worldwide, a global payment technology provider, has announced the extension of its fintech with an alliance with Banfico, a prominent fintech company. The partnership will enable ACI to deliver CoP-based account verification and checking services to existing and faster payment customers. This will allow ACI to adhere to new market and regulatory compliance for faster and more secure payments.


• February 2025: PayPal Holdings Inc. and Verifone have expanded their partnership to deliver a seamless omnichannel payment acceptance solution for enterprise merchants. This partnership will offer Verifone in-person payment assets with enterprise payment processing and e-commerce capabilities. 

REPORT COVERAGE

The market research report provides a detailed analysis of the market and focuses on key aspects such as leading companies, products, and product applications. It also offers insights into market trends, sizes, and forecasts, and highlights key industry developments. In addition to the factors above, the report encompasses several factors that contributed to the market's growth in recent years.

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