Mobile payments in various Southeast Asian countries are expected to increase significantly between 2020 and 2025, with some eventually overtaking Australia. Mobile wallet transaction volume in China, India, and Japan, however, is expected to remain much larger than in other countries. This is not surprising, as the proximity mobile payment adoption in these countries - plus South Korea - was among the highest in the world in 2021. This can be attributed to an early adoption of major payment apps. The user count of Alipay in China, for instance, was estimated to be around nearly a billion in 2019. Mobile payments across Indonesia, Malaysia, the Philippines, Singapore, Thailand, and Vietnam, however, are expected to grow heavily following an expected e-commerce boom in Southeast Asia between 2020 and 2025.
Transaction volume of mobile payments in Australia and selected countries in Asia in 2020 with a forecast for 2025
(in million U.S. dollars)
The source did not provide figures for other countries in the region - such as South Africa; The source excluded P2P wallets or wallets that can only be used on a single website or app."
Supplementary notes
The source explicitly states that "we look (...) only for open wallets, ie those that have the ability to make payments on multiple sites, rather than in reference to an ability to transfer funds between different wallets. Thus we do not focus on transactions conducted via cards stored by a retailer purely for use on that retailer’s website or mobile app."
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
Website (Boku). (July 9, 2021). Transaction volume of mobile payments in Australia and selected countries in Asia in 2020 with a forecast for 2025 (in million U.S. dollars) [Graph]. In Statista. Retrieved December 05, 2024, from https://www.statista.com/statistics/1270594/mobile-payment-transaction-forecast-asia-pacific/
Website (Boku). "Transaction volume of mobile payments in Australia and selected countries in Asia in 2020 with a forecast for 2025 (in million U.S. dollars)." Chart. July 9, 2021. Statista. Accessed December 05, 2024. https://www.statista.com/statistics/1270594/mobile-payment-transaction-forecast-asia-pacific/
Website (Boku). (2021). Transaction volume of mobile payments in Australia and selected countries in Asia in 2020 with a forecast for 2025 (in million U.S. dollars). Statista. Statista Inc.. Accessed: December 05, 2024. https://www.statista.com/statistics/1270594/mobile-payment-transaction-forecast-asia-pacific/
Website (Boku). "Transaction Volume of Mobile Payments in Australia and Selected Countries in Asia in 2020 with a Forecast for 2025 (in Million U.S. Dollars)." Statista, Statista Inc., 9 Jul 2021, https://www.statista.com/statistics/1270594/mobile-payment-transaction-forecast-asia-pacific/
Website (Boku), Transaction volume of mobile payments in Australia and selected countries in Asia in 2020 with a forecast for 2025 (in million U.S. dollars) Statista, https://www.statista.com/statistics/1270594/mobile-payment-transaction-forecast-asia-pacific/ (last visited December 05, 2024)
Transaction volume of mobile payments in Australia and selected countries in Asia in 2020 with a forecast for 2025 (in million U.S. dollars) [Graph], Website (Boku), July 9, 2021. [Online]. Available: https://www.statista.com/statistics/1270594/mobile-payment-transaction-forecast-asia-pacific/
