Wallet market size in e-commerce South Africa 2028

Card-linked wallets in South Africa are forecast to have a market size in 2028 that is over twice as large as that of non-card-linked wallets. This is according to hybrid research released in 2024, which - depending on the country - either used database modeling or data acquired via a consumer survey. Wallets ranked relatively low among South Africa's most-used online payment methods. This is similar when one compares South Africa to the rest of Africa: The adoption of wallets in South Africa was lower than in other countries in the region.

Value of transactions with card-linked and non-card-linked wallets in online shopping in South Africa in 2023, with a forecast for 2028

Characteristic	Transaction value in billion U.S. dollars (2023)	Transaction value in billion U.S. dollars (2028)	CAGR 2023-2028
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Release date

March 2024

More information

Region

South Africa

Survey time period

2024

Number of respondents

750 per country

Special properties

Figures have been calculated by Statista, but originate from different sources depending on the country. See the "Details" tab for more information.

Method of interview

Online survey

Supplementary notes

The source shares data for 37 countries and territories across the world. Most of these come from a database from Juniper Research. 14 countries, however, did receive a separate survey. These countries are: Brazil, China, Colombia, India, Indonesia, Japan, Malaysia, Nigeria, Philippines, Saudi Arabia, South Korea, the terrority of Taiwan, Thailand, and Vietnam. The source does not add why this was the case.

This separate survey asked 750 e-commerce payments users in each of the 14 countries, leading to 10,500 respondents in total. The source adds that results were not weighted, and participants were incentivized to do so.

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