Topic: Mobile payments with digital wallets (2024)

Table of Contents
Editor’s Picks Current statistics on this topic Current statistics on this topic Related topics Digital payment trends worldwide Brands Mobile apps worldwide Recommended statistics Penetration rates Penetration rates Mobile wallets Mobile wallets Contactless, NFC payments Contactless, NFC payments Mobile money Mobile money Instant payments Instant payments QR codes QR codes Cryptocurrency Cryptocurrency Future technologies Future technologies FAQs

Editor’s Picks Current statistics on this topic

Current statistics on this topic

PaymentsGlobal mobile wallet market size in 2020 with forecasts to 2025, by region
PaymentsVolume of digital payments in India FY 2024, by mode
PaymentsMost popular in-store, or POS, payment methods in the U.S. 2017-2022

Related topics

Digital payment trends worldwide

5
  • BNPL (Buy Now, Pay Later)
  • CBDC (Central Bank Digital Currencies)
  • Crypto market
  • Embedded finance
  • Open banking

Brands

2
  • PayPal
  • Apple Pay

Mobile apps worldwide

2
  • Mobile internet usage worldwide
  • Mobile app usage

Recommended statistics

Penetration rates

5
  • Premium Statistic Number of digital payments worldwide 2013-2021 with forecasts to 2027, by region
  • Premium Statistic M-commerce share of total retail online sales worldwide 2022, by region
  • Premium Statistic Countries with the highest share of retail sales taking place online 2023
  • Basic Statistic Smartphone penetration rate in selected countries 2022
  • Premium Statistic Leading online markets based on internet penetration rate 2024

Penetration rates

  • Premium Statistic Number of digital payments worldwide 2013-2021 with forecasts to 2027, by region

    Topic: Mobile payments with digital wallets (4)

    Number of digital payments worldwide 2013-2021 with forecasts to 2027, by region

    Number of cashless transactions worldwide from 2013 to 2021, with forecasts from 2022 to 2027, by region (in billions)

  • Premium Statistic M-commerce share of total retail online sales worldwide 2022, by region

    Topic: Mobile payments with digital wallets (5)

    M-commerce share of total retail online sales worldwide 2022, by region

    Retail m-commerce as percentage of total retail e-commerce sales worldwide in 2022, by region

  • Premium Statistic Countries with the highest share of retail sales taking place online 2023

    Topic: Mobile payments with digital wallets (6)

    Countries with the highest share of retail sales taking place online 2023

    Countries with the highest percentage of retail sales taking place online in 2023

  • Basic Statistic Smartphone penetration rate in selected countries 2022

    Topic: Mobile payments with digital wallets (7)

    Smartphone penetration rate in selected countries 2022

    Penetration rate of smartphones in selected countries 2022

  • Premium Statistic Leading online markets based on internet penetration rate 2024

    Topic: Mobile payments with digital wallets (8)

    Leading online markets based on internet penetration rate 2024

    Countries with the highest internet penetration rate as of January 2024

Mobile wallets

5
  • Premium Statistic Global mobile wallet market size in 2020 with forecasts to 2025, by region
  • Premium Statistic Mobile wallet adoption in 39 countries and territories worldwide as of 2022
  • Premium Statistic PayPal penetration, online and offline, in 21 countries worldwide in Q4 2023
  • Premium Statistic Apple Pay penetration, online and offline, in 19 countries worldwide in Q4 2023
  • Premium Statistic Google Pay penetration, online and offline, in 19 countries worldwide in Q4 2023

Mobile wallets

  • Premium Statistic Global mobile wallet market size in 2020 with forecasts to 2025, by region

    Topic: Mobile payments with digital wallets (9)

    Global mobile wallet market size in 2020 with forecasts to 2025, by region

    Market size of mobile wallet transactions in various regions worldwide in 2020 with forecasts from 2021 to 2025 (in billion U.S. dollars)

  • Premium Statistic Mobile wallet adoption in 39 countries and territories worldwide as of 2022

    Topic: Mobile payments with digital wallets (10)

    Mobile wallet adoption in 39 countries and territories worldwide as of 2022

    Share of respondents who indicated they use a mobile wallet in different countries and territories in the world in 2022

  • Premium Statistic PayPal penetration, online and offline, in 21 countries worldwide in Q4 2023

    Topic: Mobile payments with digital wallets (11)

    PayPal penetration, online and offline, in 21 countries worldwide in Q4 2023

    PayPal usage either for online payments or at POS in various countries worldwide as of December 2023

  • Premium Statistic Apple Pay penetration, online and offline, in 19 countries worldwide in Q4 2023

    Topic: Mobile payments with digital wallets (12)

    Apple Pay penetration, online and offline, in 19 countries worldwide in Q4 2023

    See Also
    The Best Mobile Payment Apps for 2024Top 10 Mobile Payment Apps in France [Update 2024]Best Mobile Wallets in India | Online Payment Wallet AppsDigital wallets: How they work and how to accept them | Stripe

    Apple Pay usage either for online payments or at POS in various countries worldwide as of December 2023

  • Premium Statistic Google Pay penetration, online and offline, in 19 countries worldwide in Q4 2023

    Topic: Mobile payments with digital wallets (13)

    Google Pay penetration, online and offline, in 19 countries worldwide in Q4 2023

    Google Pay usage either for online payments or at POS in various countries worldwide as of December 2023

Contactless, NFC payments

5
  • Premium Statistic Global NFC payment value in 2020 with forecasts to 2024, by region
  • Premium Statistic Top 10 countries worldwide with highest number of contactless card transactions 2022
  • Premium Statistic Mobile POS payment penetration rate in 34 countries worldwide 2023
  • Premium Statistic Adoption of mobile contactless/tap to pay in 23 countries worldwide in 2019 and 2021
  • Premium Statistic Top 10 countries worldwide with highest number of POS terminals 2022

Contactless, NFC payments

  • Premium Statistic Global NFC payment value in 2020 with forecasts to 2024, by region

    Topic: Mobile payments with digital wallets (14)

    Global NFC payment value in 2020 with forecasts to 2024, by region

    Market size of contactless payments in various regions worldwide in 2020 with forecasts from 2021 to 2024 (in billion U.S. dollars)

  • Premium Statistic Top 10 countries worldwide with highest number of contactless card transactions 2022

    Topic: Mobile payments with digital wallets (15)

    Top 10 countries worldwide with highest number of contactless card transactions 2022

    Leading countries in the world with the highest number of contactless card transactions as of 2022 (in billions)

  • Premium Statistic Mobile POS payment penetration rate in 34 countries worldwide 2023

    Topic: Mobile payments with digital wallets (16)

    Mobile POS payment penetration rate in 34 countries worldwide 2023

    Penetration rate of mobile POS payments in 34 countries worldwide in 2023

  • Premium Statistic Adoption of mobile contactless/tap to pay in 23 countries worldwide in 2019 and 2021

    Topic: Mobile payments with digital wallets (17)

    Adoption of mobile contactless/tap to pay in 23 countries worldwide in 2019 and 2021

    Share of smartphone users who use proximity mobile payments in 23 different countries worldwide in 2019 and 2021

  • Premium Statistic Top 10 countries worldwide with highest number of POS terminals 2022

    Topic: Mobile payments with digital wallets (18)

    Top 10 countries worldwide with highest number of POS terminals 2022

    Leading countries in the world with the highest number of POS terminals as of 2022 (in millions)

Mobile money

5
  • Premium Statistic Mobile money transaction value 2020-2022, by region
  • Premium Statistic Mobile money accounts worldwide 2020-2022, by region
  • Premium Statistic Live mobile money services worldwide 2020-2022
  • Premium Statistic Leading mobile money operators in Africa, by number of countries 2020
  • Premium Statistic Transaction volume of M-Pesa from 2017 to 2023

Mobile money

  • Premium Statistic Mobile money transaction value 2020-2022, by region

    Topic: Mobile payments with digital wallets (19)

    Mobile money transaction value 2020-2022, by region

    Mobile money transactions value by region from 2020 to 2022 (in billion U.S. dollars)

  • Premium Statistic Mobile money accounts worldwide 2020-2022, by region

    Topic: Mobile payments with digital wallets (20)

    Mobile money accounts worldwide 2020-2022, by region

    Active mobile money accounts by region from 2020 to 2022 (in millions)

  • Premium Statistic Live mobile money services worldwide 2020-2022

    Topic: Mobile payments with digital wallets (21)

    Live mobile money services worldwide 2020-2022

    Number of live mobile money services from 2020 to 2022, by region

  • Premium Statistic Leading mobile money operators in Africa, by number of countries 2020

    Topic: Mobile payments with digital wallets (22)

    See Also
    What are mobile payments, digital and mobile wallets?

    Leading mobile money operators in Africa, by number of countries 2020

    Leading mobile money operators in Africa as of 2020, by number of countries in operation

  • Premium Statistic Transaction volume of M-Pesa from 2017 to 2023

    Topic: Mobile payments with digital wallets (23)

    Transaction volume of M-Pesa from 2017 to 2023

    M-Pesa transaction volume from 2017 to 2023 (in billion transactions)

Instant payments

5
  • Premium Statistic Transaction value of real-time payments worldwide in 2023, with a 2030 forecast
  • Premium Statistic Top countries in the world with the most real-time payments (RTP) in 2022
  • Premium Statistic Value of monthly UPI transactions India 2018-2023
  • Premium Statistic Annual instant payment spending in Brazil 2020-2022, in local currency and USD
  • Premium Statistic Value of PromptPay transactions Thailand 2017-2023

Instant payments

  • Premium Statistic Transaction value of real-time payments worldwide in 2023, with a 2030 forecast

    Topic: Mobile payments with digital wallets (24)

    Transaction value of real-time payments worldwide in 2023, with a 2030 forecast

    Market size of real-time payments worldwide in 2023, with a forecast for 2030 (in billion U.S. dollars)

  • Premium Statistic Top countries in the world with the most real-time payments (RTP) in 2022

    Topic: Mobile payments with digital wallets (25)

    Top countries in the world with the most real-time payments (RTP) in 2022

    Countries with the highest number of real-time payment (RTP) transactions worldwide in 2022

  • Premium Statistic Value of monthly UPI transactions India 2018-2023

    Topic: Mobile payments with digital wallets (26)

    Value of monthly UPI transactions India 2018-2023

    Value of monthly Unified Payments Interface (UPI) transactions in India from August 2018 to June 2023 (in billion Indian rupees)

  • Premium Statistic Annual instant payment spending in Brazil 2020-2022, in local currency and USD

    Topic: Mobile payments with digital wallets (27)

    Annual instant payment spending in Brazil 2020-2022, in local currency and USD

    Value of real time payments in Brazil with local scheme Pix from 2020 to 2022 (in million Brazilian real, and estimates in U.S. dollars)

  • Premium Statistic Value of PromptPay transactions Thailand 2017-2023

    Topic: Mobile payments with digital wallets (28)

    Value of PromptPay transactions Thailand 2017-2023

    Value of PromptPay transactions in Thailand from 2017 to the 3rd quarter of 2023 (in billion Thai baht)

QR codes

5
  • Premium Statistic Global QR payment market size in 2020 with forecasts to 2025, by region
  • Premium Statistic Top 10 countries worldwide based on number of mobile devices with QR codes 2022
  • Premium Statistic QR code penetration for payments in Southeast Asia 2020-2021, by country
  • Premium Statistic Most used payment methods in online transactions Indonesia 2022
  • Premium Statistic Leading payment methods among Japanese online buyers 2022

QR codes

  • Premium Statistic Global QR payment market size in 2020 with forecasts to 2025, by region

    Topic: Mobile payments with digital wallets (29)

    Global QR payment market size in 2020 with forecasts to 2025, by region

    Market size of QR code transactions in various regions worldwide in 2020 with forecasts from 2021 to 2025 (in billion U.S. dollars)

  • Premium Statistic Top 10 countries worldwide based on number of mobile devices with QR codes 2022

    Topic: Mobile payments with digital wallets (30)

    Top 10 countries worldwide based on number of mobile devices with QR codes 2022

    Leading countries in the world with the highest number of mobile devices that use QR code payments as of 2022 (in millions)

  • Premium Statistic QR code penetration for payments in Southeast Asia 2020-2021, by country

    Topic: Mobile payments with digital wallets (31)

    QR code penetration for payments in Southeast Asia 2020-2021, by country

    Usage of QR codes for in-store payments in Southeast Asia in 2020 and 2021, by country

  • Premium Statistic Most used payment methods in online transactions Indonesia 2022

    Topic: Mobile payments with digital wallets (32)

    Most used payment methods in online transactions Indonesia 2022

    Most used payment methods in online transactions in Indonesia as of December 2022

  • Premium Statistic Leading payment methods among Japanese online buyers 2022

    Topic: Mobile payments with digital wallets (33)

    Leading payment methods among Japanese online buyers 2022

    Preferred payment methods for online purchases among digital buyers in Japan in 2022

Cryptocurrency

5
  • Premium Statistic Transaction value of crypto gateway payments worldwide in 2022, with a 2029 forecast
  • Premium Statistic Most used payment methods in e-commerce worldwide in 2022, with a forecast for 2026
  • Premium Statistic Global consumer and merchant acceptance of crypto payments 2021, by industry
  • Premium Statistic Industries that accept cryptocurrency payments through BitPay 2020-2023
  • Basic Statistic Popular goods and services to buy with crypto 2022, by gender and income group

Cryptocurrency

  • Premium Statistic Transaction value of crypto gateway payments worldwide in 2022, with a 2029 forecast

    Topic: Mobile payments with digital wallets (34)

    Transaction value of crypto gateway payments worldwide in 2022, with a 2029 forecast

    Market size of cryptocurrency payments within payment gateways worldwide in 2022, with a forecast for 2029 (in billion U.S. dollars)

  • Premium Statistic Most used payment methods in e-commerce worldwide in 2022, with a forecast for 2026

    Topic: Mobile payments with digital wallets (35)

    Most used payment methods in e-commerce worldwide in 2022, with a forecast for 2026

    Market share of payment methods in total e-commerce transaction value worldwide in 2022, with a forecast for 2026

  • Premium Statistic Global consumer and merchant acceptance of crypto payments 2021, by industry

    Topic: Mobile payments with digital wallets (36)

    Global consumer and merchant acceptance of crypto payments 2021, by industry

    Willingness to use/accept cryptocurrencies for payments by consumers/merchants across various industries worldwide as of 2021

  • Premium Statistic Industries that accept cryptocurrency payments through BitPay 2020-2023

    Topic: Mobile payments with digital wallets (37)

    Industries that accept cryptocurrency payments through BitPay 2020-2023

    Distribution of cryptocurrency transactions processed via BitPay from 2020 to 2023, by industry

  • Basic Statistic Popular goods and services to buy with crypto 2022, by gender and income group

    Topic: Mobile payments with digital wallets (38)

    Popular goods and services to buy with crypto 2022, by gender and income group

    Most popular goods and services bought by consumers worldwide when using cryptocurrencies for online shopping in 2022, by gender and income group

Future technologies

3
  • Premium Statistic Adoption of artificial intelligence (AI)-driven payments worldwide 2023, by age group
  • Premium Statistic Consumer opinion on artificial intelligence (AI)-driven payments worldwide 2023
  • Premium Statistic Consumer opinion on virtual (VR) and augmented reality (AR) payments worldwide 2023

Future technologies

  • Premium Statistic Adoption of artificial intelligence (AI)-driven payments worldwide 2023, by age group

    Topic: Mobile payments with digital wallets (39)

    Adoption of artificial intelligence (AI)-driven payments worldwide 2023, by age group

    Share of consumers worldwide who indicate they used artificial intelligence (AI) for digital payments as of 2023, by age group

  • Premium Statistic Consumer opinion on artificial intelligence (AI)-driven payments worldwide 2023

    Topic: Mobile payments with digital wallets (40)

    Consumer opinion on artificial intelligence (AI)-driven payments worldwide 2023

    Share of consumers worldwide who indicate they feel comfortable with using artificial intelligence (AI) for digital payments as of 2023

  • Premium Statistic Consumer opinion on virtual (VR) and augmented reality (AR) payments worldwide 2023

    Topic: Mobile payments with digital wallets (41)

    Consumer opinion on virtual (VR) and augmented reality (AR) payments worldwide 2023

    Share of consumers worldwide who planned to use either virtual reality (VR) or augmented reality (AR) payments as of 2023

Topic: Mobile payments with digital wallets (2024)

FAQs

Is the mobile or digital wallet a good idea why or why not? ›

Safety: Digital wallets protect your account information, making it difficult for fraudsters to access your sensitive financial information. Convenience: Digital wallets give you access to multiple ways to pay with the touch of a button.

Read On ›
What else can a digital wallet be used for your answer? ›

Organize your wallet

Digital wallets can store credit cards and other types of documents and information, like boarding passes and membership cards, which can help declutter your physical wallet. For instance, you could also use a digital wallet to: Store boarding passes, gift cards and tickets. Organize coupons.

Discover More Details ›
What is the difference between mobile payments and digital wallets? ›

Though digital wallets and mobile wallets are very similar, they aren't the same. Digital wallets are typically meant for online transactions, whereas mobile wallets are tied to a smartphone or wearable device. Both connect to bank accounts and credit cards for purchasing on the go.

Continue Reading ›
What are the pros and cons of using a digital wallet as a form of payment? ›

Digital Wallets: Advantages and Disadvantages to Consider
  • Convenience. Digital wallets make payments quick and easy. ...
  • Security. E-wallets employ state-of-the-art encryption and authentication techniques to ensure the safety of your funds. ...
  • Transaction tracking. ...
  • Technological dependency. ...
  • Privacy concerns. ...
  • Regional constraints.
Apr 22, 2024

See Details ›
What are one of the disadvantages of a mobile wallet? ›

Security concerns: While digital wallets are generally more secure than traditional wallets, they are not entirely immune to security risks. Hackers and cybercriminals can still gain access to your digital wallet or steal your personal and financial information.

Find Out More ›
What is the difference between wallet and mobile wallet? ›

eWallets are digital versions of traditional wallets, accessible across various devices, whereas Mobile Wallets are specifically tailored for mobile devices, emphasizing features like contactless payments and optimized user experiences on smartphones or tablets.

Tell Me More ›
What is the primary purpose of a digital wallet? ›

Digital wallets allow you to pay when you're shopping using your device so that you don't need to carry your cards around. You enter and store your credit card, debit card, or bank account information and can then use your device to pay for purchases. Digital wallets can also store: Gift cards.

Show Me More ›
How safe is a digital wallet? ›

In general, digital wallets are considered much safer than using physical credit cards, which can be more easily lost or stolen.

Explore More ›
Are digital payments safe? ›

By implementing encryption, digital payment systems can provide a safe and secure way to make transactions. Authentication: Authentication is the process of verifying the identity of a user, It protects sensitive information, ensures confidentiality, complies with industry standards, and builds trust with customers.

Continue Reading ›
How do mobile wallet payments work? ›

Tap your phone to a digital payment-enabled terminal at participating merchants when checking out. “Mobile wallets use what is called a Near-Field Communication (NFC) chip,” Daniels explains. It's the same technology that lets you use contactless payment to pay with a physical card.

Show Me More ›

Where is mobile wallet accepted? ›

Google Pay is accepted at more places than you think. Millions, in fact. It works in select supermarkets, pharmacies, restaurants, clothing stores, gas stations, beauty shops, and other retailers that accept mobile payments. See a list of major stores that accept Google Pay.

Read The Full Story ›
What is the difference between a bank and a digital wallet? ›

Digital wallets and bank accounts can both help you store and spend money. However, digital wallets are primarily meant as a replacement for the physical cards, keys and passes that you might otherwise need to carry. Bank accounts are offered as a safe place to keep your savings.

See Details ›
What is the safest digital payment method? ›

Secure online payment methods
  • Credit cards. By and large, credit cards are easily the most secure and safe payment method to use when you shop online. ...
  • ACH payments. ...
  • Stored payment credentials. ...
  • Credit cards with EMV chip technology. ...
  • Credit cards with contactless payment. ...
  • Payment apps.
Feb 11, 2023

Get More Info Here ›
Are digital payments safer than other payment types? ›

Digital payments are safe, as long as the digital payment provider encrypts and tokenizes the payment data you're collecting. Digital payments are also safer for customers compared to cash. Most digital payment methods require some kind of authentication (such as Face ID) before the payment gets approved.

Continue Reading ›
How do digital wallets make money? ›

A digital wallet makes money from transaction fees: deposit, withdrawal, or transfer fees. For example, for each recharge made through the digital wallet, the company receives a commission of about 2 to 3%.

View More ›
Why is digital wallet useful? ›

Digital wallets allow you to pay when you're shopping using your device so that you don't need to carry your cards around. You enter and store your credit card, debit card, or bank account information and can then use your device to pay for purchases. Digital wallets can also store: Gift cards.

View Details ›
What is the key benefit of mobile wallet? ›

Benefits of Mobile Wallets

One of the benefits of a mobile wallet is its secured access. Before making a payment, the user is required to unlock the mobile device using a password or fingerprint. The app also requires users to type a passcode, use their fingerprint, or use a face scan to unlock the mobile wallet.

See More ›
Is it safe to use mobile wallet? ›

In general, digital wallets are considered much safer than using physical credit cards, which can be more easily lost or stolen.

Learn More ›
Why is it important to use a wallet? ›

A wallet is not merely a pocket to stuff your bills and cards into; it also functions as an organizational tool. In addition to its compartments for currency, a well-designed wallet provides designated spaces for identification, credit cards, and sometimes even small keepsakes like photographs or important notes.

Discover More Details ›
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