Introduction of New Technologies to Drive Bill Payment Online Industry: Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit Bill Payment Online Industry is considered as a safer & more reliable mode of payment than traditional methods as they reduce the risk of theft and mitigate losses. Online payment solutions industry is anticipated to witness significant growth during the forecast period as it offers numerous benefits over traditional payment methods, for instance applicability, ease of use, security, reliability, trust, scalability, convertibility, interoperability, efficiency, anonymity, traceability, and authorization type. The demand for these solutions is projected to grow owing to increase in focus on omni-channel payment mode and rise in the number of customer-centric payment applications over the forecast period. Based on mode of payment, Bill Payment Online Industry is segregated as bank cards, digital wallets, digital currencies, net banking, Point of Sales (POS), and others. The POS segment holds major share in global market owing to surge in benefits of high efficiency, increased accuracy and ease of use. A POS terminal readily accepts many transactions through EMV chip cards, contactless payment, and mobile wallets such as Android Pay, Samsung Pay, and Apple Pay. The POS terminals streamline the accounting process that makes it easy for merchants to keep the record of transactions. Some of the major bill payment vendors in the market include Wirecard AG, Total System Services, Inc, Novetti Group Limited, ACI Worldwide Inc, PayPal Holdings Inc. and Adyen N.V. Mergers and acquisitions (M&A) as well as collaborations are some of the key strategies adopted by these key players to gain a competitive edge in the market. Players are consistently focusing on innovations to personalize or differentiate their solution to offer for potential customers. Players are also investing in research and development (R&D) activities for updating & innovating products or solutions. Nowadays, many people who were earlier used to paying utility bills in cash may have shifted to the digital/online channels. Therefore, some of the key initiatives are undertaken by Indian government for setting up a devoted digidhan mission to collaborate with stakeholders for the promotion of online payments industry. Moreover, organization has also introduced various measures to increase the spread of online bill payments by setting targets for banks to process digital payment transactions, providing BHIM Aadhaar merchant initiative schemes and Bharat Interface for Money (BHIM) cashback schemes. Furthermore, some other prominent online payment products in the country are BHIM QR and Bharat QR, which has gained considerable traction in the Indian market, along with Bharat Bill Payment System (BBPS). Bill Payment Industry Report: Bill payment industry is expected to scale new heights in the coming years due to a number of factors. The industry would be driven by rise in online shopping owing to worse prices relative to brick & mortar stores, introduction of new technologies, increase in eCommerce sales, rise in middle class population, increase in internet penetration, worldwide initiatives for the promotion of digital payments, surge in smartphone penetration and presence of large number of online retailers offering payment through debit or credit cards and net banking. It is projected that the bill payment online industry. For More Information, refer to below link:- International Remittance Market Research Report Contact Us:- Ken Research Ankur Gupta, Head Marketing & Communications Ankur@kenresearch.com +91-9015378249 Tags: Bill Payment Industry Report, Bill Payment Online Industry, Competition Major Players Money Transfer Industry, Domestic Remittance Market Research Report, Flow Corridors In Remittance Industry, International Remittance Market Research Report, Major Remittance Channels In Remittance, Market Research Report Of Remittance, Market Share Major Bank And Non Bank Channels, Mobile Bill Payment Market, Money Transfer Industry Research, Remittance Future Outlook, Remittance Industry Research Report, Remittance Market Major Companies, Remittance Market Research Report, Western Union Market Sales Value