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

Published by Statista Research Department, May 29, 2024
Use of apps like Apple Pay or Google Pay in North America is believed to double between 2020 and 2025, although Asia's market size will be significantly larger. This according to forecasts on the value of conducted transactions with this payment technology. Mobile wallets include but are not necessarily the same as NFC or contactless wallets: the figures shown are on apps such as PayPal or Google Wallet that allow consumers to upload credit card or debit card details to their phone to make a purchase either online or in-store. China was seen as the world's leading country on proximity mobile payments - contactless payments which involve a smartphone - due to the popularity of Alipay and Tenpay.

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

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Release date

March 2021

Region

Worldwide

Survey time period

March 2021

Special properties

The source did not provide additional information for regions like Africa or MENA. It is assumed these are included in the "Rest of the world (ROW)" region.

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Mobile payments with digital walletsMobile app usageMobile internet usage worldwideAlipayEmbedded finance
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