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Global Mobile Payment Methods 2022

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    Report

  • 180 Pages
  • August 2022
  • Region: Global
  • yStats GmbH & Co. KG
  • ID: 5412045

Asia-Pacific led in number of mobile wallet users on a global scale

The global mobile payment market continues to expand

Many countries worldwide have witnessed the acceleration of mobile payments and their adoption and presence continue to gain momentum. The number of mobile contactless transactions is projected to experience notable growth from 2021 to 2023 and the number of online purchases made using OEM mobile payments is forecasted to grow notably from 2022 to 2026. The volume of biometrically authenticated remote mobile payments is also forecasted to increase, reaching a value in the trillions of Euros in 2027. Furthermore, the global mobile payment market size is expected to grow significantly in 2028, as spelt out in the report.  

Digital wallets are densely present in multiple countries worldwide

The number of digital wallet users is continuously growing and is expected to be valued at trillions of Euros, globally, by 2026. In Germany, PayPal was among the leading payment methods in terms of B2C E-Commerce sales. Furthermore, among the most used digital wallets in the U.S. was PayPal, followed by Apple Pay, and Venmo, and close to one-third of Americans used these digital wallets to pay for almost all of their online purchases. Digital wallets were also offered by more than one-half of online merchants in Canada. In 2021, digital wallets in the Latin American region were estimated to be among the fastest-growing E-Commerce payment methods, after bank transfer and domestic credit card, and, in the Middle East and Africa, above one-half of surveyed individuals believed that digital wallets would be the preferred method of payment for consumers by 2025, as shown in the report.

Table of Contents


1. Management Summary
2. Global Developments
  • Online & Mobile Payment Trends, July 2022
  • Value of Digital Wallet Transactions, in USD trillion, 2022f & 2026f
  • Mobile Payment Market Size, in USD trillion, 2021 & 2028f
  • Number of B2C E-Commerce Transactions Paid by OEM Mobile Payment Apps, in billions, 2022f & 2026f
  • Most Used Payment Methods When Shopping Online During The Pandemic, in % of Online Shoppers, by Selected Countries, April 2021
  • Value of Biometrically Authenticated Remote Mobile Payments, in USD billion, 2022e & 2027f
  • Volume of Biometrically Authenticated Remote Mobile Payments, in billions, 2022e & 2027f
  • Number of Mobile Contactless Transactions, in billions, 2021e & 2023f
  • Proximity Mobile Payment Users Worldwide, in millions, and Year-on-Year Change, in %, 2020-2025f
  • Proximity Mobile Payment User Penetration, in % of Smartphone Users, 2020-2025f
  • Number of Mobile Wallet Users, by Region, in millions, 2020 & 2025f
  • Proximity Mobile Payment Users in Select Countries, in % of Smartphone Users, 2021e
  • Payment Methods Accepted by Online Merchants, by Already Accepted and Planned, in % of Online Merchants, February 2022
  • Breakdown of Digital Banking Fraudulent Transactions, by Channel, incl. Mobile App, in %, Q3 2019 - Q2 2021
3. Asia-Pacific
3.1.  Regional
  • Overview of the Online and Mobile Payment Trends, July 2022
  • Breakdown of Payment Methods Used in B2C E-Commerce, in %, 2021
3.2. Advanced Markets
3.2.1. Japan
  • General Payment Methods Used, in % of Respondents, January 2022
  • Breakdown of Mobile Payments’ Percentage Share of Total Payments Made, in % of Mobile Payment Service Users, February 2022
  • Breakdown of Attitude Towards Future Use of Mobile Payments, in % of Smartphone Users, February 2022
  • Mobile Payment User Penetration, by QR Code Payment and Contactless Payment, in % of Internet Users, January 2022
  • Breakdown of Most Used QR Code Mobile Payment Services, in % of QR Code Mobile Payment Users, January 2022
  • Breakdown of Most Used Contactless Mobile Payment Services, in % of Contactless Mobile Payment Service Users, January 2022
  • Number of Mobile Wallet Users, in millions, 2020 & 2025f
  • Number of Mobile Wallet Transactions, in billions, 2020 & 2025f
  • Mobile Wallet Transaction Value, in USD billion, 2020 & 2025f
3.2.2. South Korea
  • Breakdown of Payment Methods Used in B2C E-Commerce, in %, 2021
  • Mobile Wallet Ownership and Usage, in % of Adults, H1 2021
  • Number of Mobile Wallet Users, in millions, 2020 & 2025f
  • Number of Mobile Wallet Transactions, in billions, 2020 & 2025f
  • Mobile Wallet Transaction Value, in USD billion, 2020 & 2025f
3.2.3. Australia
  • Usage of Selected Online Payment Platforms, in % of Respondents, January 2018 & June 2021
3.3. Emerging Markets
3.3.1. China
  • Most Used Payment Methods, in % of Internet Users, February 2022
  • Mobile Wallet User Penetration, in % of Population, 2020 & 2025f
  • Mobile Wallet Transaction Value, in USD trillion, and Volume, in billions, 2020 & 2025f
  • Breakdown of Mobile Wallet Market, in % of Total Value, July 2021
  • Number of Proximity Mobile Payment Users, in millions, and Share, in % of Population, 2019-2025f
3.3.2. Taiwan
  • Breakdown of Most Preferred Online Payment Methods, in % of Internet Users, August 2021
  • Mobile Payment and Card User Penetration, by Age Group, in % of Internet Users, August 2021
3.3.3. Indonesia
  • Number of Mobile Wallet Users, in millions, 2020 & 2025f
  • Number of Mobile Wallet Transactions, in billions, 2020 & 2025f
  • Mobile Wallet Transaction Value, in USD billion, 2020 & 2025f
  • Digital Wallet and Mobile Banking Use, by Generation, in % of Mobile Payment Users, H2 2021
  • Most Used Digital Wallet Platforms, in % of Mobile Payment Users, by Socio-Economic Status, H2 2021
  • Proximity Mobile Payment User Penetration, in % of Smartphone Users, 2021e
3.3.4. Malaysia
  • Number of Mobile Wallet Users, in millions, 2020 & 2025f
  • Mobile Wallet Transaction Value, in USD billion, 2020 & 2025f
  • Number of Mobile Wallet Transactions, in billions, 2020 & 2025f
4. Europe
4.1. Regional
  • Online & Mobile Payment Trends, July 2022
  • Number of Mobile Wallets in Use, by Central & East Europe and West Europe, in millions, 2020-2025f
  • Breakdown of Payment Methods Preferred in B2C E-Commerce, in % of Online Shoppers, by Selected Countries, November 2021
  • Share of Payment Methods Used In-store in the Past 12 Months, in % of Consumers, July 2021
  • Breakdown of Preferred Electronic Payment Methods for In-store Purchases, in % of Consumers, July 2021
  • Breakdown of Preferred Electronic Payment Methods for In-store Purchases, in % of Consumers, by Generation, July 2021
  • Share of Consumers Who Would Support the Mandatory Acceptance of Digital Payments, in %, July 2021
4.2. Advanced Markets
4.2.1. UK
  • Breakdown of Payment Methods Preferred in B2C E-Commerce, in % of Online Shoppers, November 2021
  • BNPL Services Used, in % of Respondents, 2020 & 2021
  • Most Popular Financial Service Brands, in % of Consumers, Q1 2022
  • Share of Respondents Who Feel Safer Paying With Mobile Phone Because of Security Features, in %, May 2022
  • Number of Proximity Mobile Payment Users, in millions, and Year-on-Year Change, in %, 2019-2025f
  • Number of Proximity Mobile Payment Users, in millions, and in % of total population,
  • 2019-2025f
  • Contactless Payments, in % of Overall Payment Transactions, 2021e
  • Use of Contactless Means of Payment, in % of Respondents, May 2022
4.2.2. Germany
  • Breakdown of B2C E-Commerce Sales by Payment Methods, in %, 2021
  • Top Payment Methods Offered in Online Stores, in % of Online Retailers, February 2021
  • Online Payment Methods Used Regularly, in % of Consumers, November 2021
  • Online Payment Methods Used Regularly, in % of Consumers, by Age Group, November 2021
  • Payment Methods Preferred in B2C E-Commerce, by Purchase Price, in % of Online Shoppers, July 2021
4.2.3. France
  • Breakdown of Payment Methods Preferred in B2C E-Commerce, in % of Online Shoppers, November 2021
  • Payment Methods Trusted, in % of Internet Users, October 2021
  • Top Payment Application to be Used in the Future, incl. Paylib, Google Pay and Apple Pay, in % of Adults, January 2021
  • Share of Adults Who Trust Mobile Payments, in %, January 2021
  • Top Barriers for Using Mobile Payments in a Store, in % of Adults, January 2021
  • Fraud Risks in Payment Methods, by Type, and by Importance Degree, in % of Adults, October 2021
4.2.4. Spain
  • Top 3 Payment Methods Used in B2C E-Commerce, in % of Online Shoppers, 2020 & 2021
  • Top 3 Barriers to Mobile Payment Adoption According to Consumers, in % of Consumers, April 2019
4.2.5. Italy
  • Breakdown of Payment Methods Preferred in B2C E-Commerce, in % of Online Shoppers, 2021
  • Value of Mobile and Wearable Payments, in EUR billion, 2020 & 2021
  • Value of Digital Payments, in EUR billion, 2020 & 2021
4.2.6. Norway
  • Payment Methods in B2C E-Commerce, by Used and Preferred, in % of Online Shoppers, 2021
4.2.7. Denmark
  • Payment Methods in B2C E-Commerce, by Used and Preferred, in % of Online Shoppers, 2021
4.2.8. Austria
  • Breakdown of Payment Methods Preferred in B2C E-Commerce, in % of Online Shoppers, 2021
4.3. Emerging Markets
4.3.1. Poland
  • Mobile Payment User Penetration, in % of Internet Users, 2020 & 2021
  • Payment Methods Used in B2C E-Commerce, in % of Online Shoppers, by Age Group, June 2021
  • Problems Encountered When Making B2C E-Commerce Purchases Via Mobile, incl. Payment-Related, in % of Mobile Shoppers, June 2021
4.3.2. Turkey
  • Number and Value of Contactless Mobile Transactions, in millions, and Value, in TRY million, Q1 2020 - Q1 2022
4.3.3. Czech Republic
  • Applications Used for Mobile Payments, in % of Mobile Payment Users, March 2021
  • Payment Methods Used in B2C E-Commerce, in % of Internet Users, March 2021
  • Share of Internet Users Who Would Prefer Paying Contactless When Given the Option, in %, March 2021
4.3.4. Portugal
  • Mobile Payment Use Penetration, in % of Banked Internet User Population, 2020 & 2021
  • Payment Methods Preferred in B2C E-Commerce, in % of Online Shoppers, November 2021
4.3.5. Bulgaria
  • Share of Online Businesses Experiencing Increase in Sales Share Attributed to a Payment Method, by Payment Method Used, in %, November 2021
5. North America
5.1. Regional
  • Overview of Online & Mobile Payment Trends, July 2022
  • Number of Mobile Wallets in Use, in millions, and Y-o-Y Change, in %, 2020-2025f
5.2. USA
  • Mobile P2P Payment Users, in millions, and in % Year-on-Year Change, 2020-2026f
  • Mobile P2P Payment Users, in millions, and Penetration, in % of Smartphone Users, 2020-2026f
  • Mobile P2P Payment Transaction Value, in USD billion, and Year-on-Year Change, in %, 2020-2025f
  • Proximity Mobile Payments Users, by Platform, in millions, 2019-2026f
  • Proximity Mobile Payment Spending, per User, in USD, and Y-o-Y Change, in %, 2019-2026f
  • Proximity Mobile Payment Transaction Value, in USD billion, and Year-on-Year Change, in %, 2019 - 2026f
  • Breakdown of Digital Wallets Used, in % of Digital Wallet Users, February 2022
  • Use of Credit/Debit Card or Bank Account vs. Digital Wallet as Online Payment Methods, in % of Online Shoppers, January - February 2022
  • Payment Methods Offered in Online Checkout, in % of Online Merchants, October 2021
  • Breakdown of Payment Methods Used Most Often, by Age Group, in % of Adults, February 2022
  • Payment Methods Offered in Online Checkout, in % of Online Merchants, October 2021
  • Payment Methods Used on a Weekly Basis, in % of Consumers, April 2020 & April 2021
5.3. Canada
  • Attitude Towards Use of Digital Wallets & Mobile Payment Services, in % of Adult Internet Users, March 2021
  • Number of P2P Mobile Payment Users, in millions, and Year-on-Year Change, in %, 2019-2025f
  • Number of P2P Mobile Payment Users, in millions, and Share, in % of Population, 2019-2025f
6. Latin America
6.1. Regional
  • Online & Mobile Payments in Latin America, July 2022
  • Number of Mobile Wallets in Use, in millions, and Year-on-Year Change, in %, 2020-2025f
  • Breakdown of Total E-Commerce Sales (incl. B2C and C2C) by Payment Methods, in %, 2021e
  • E-Commerce Payment Volume, by Payment Method, in USD billion, and Year-on-Year E-Commerce Payment Method Growth, in %, 2021e
6.2. Brazil
  • Mobile Wallet User Penetration, in % of Population, 2020 & 2025f
  • Mobile Wallet Transaction Value, in USD billion, and Volume, in billions, 2020 & 2025f
  • Top Payment Methods Used When Shopping Online via Mobile, in % of Consumers, June 2021
  • Top Reasons Not to Use Mobile Payment App, in % of Consumers, June 2021
6.3. Mexico
  • Mobile Wallet User Penetration, in % of Population, 2020 & 2025f
  • Mobile Wallet Transaction Value, in USD billion, and Volume, in billions, 2020 & 2025f
6.4. Argentina
  • Breakdown of B2C E-Commerce Purchases by Payment Methods, in %, 2021
6.5. Colombia
  • Top Payment Methods Used in the Past Month, in % of Banked Internet Users, 2020 & 2021
6.6. Chile
  • Top Payment Methods Used, in % of B2C E-Commerce Purchases, 2021e
  • Top Payment Methods Used in the Past Month, in % of Banked Internet Users, 2020 & 2021
  • E-Commerce Payment Volume, by Payment Method, in USD billion, and Year-on-Year E-Commerce Payment Method Growth, in %, 2021e
6.7. Peru
  • E-Commerce Payment Volume, by Payment Method, in USD billion, and Year-on-Year E-Commerce Payment Method Growth, in %, 2021e
7. Middle East & Africa
7.1. Regional
  • Online & Mobile Payment Trends, July 2022
  • Most Preferred Payment Methods by 2025, in % of Respondents, 2020
  • Number of Mobile Wallets in Use, in millions, and Year-on-Year Change, in %, 2020-2025f
  • Overview of Mobile Money Statistics in Africa, incl. Number of Live Services, Registered Accounts, in millions, Active Accounts, in millions, Transaction Volume in millions, and Transaction Value, in USD billion, and Year-on-Year Growth, in %, by Sub-Region, 2021
7.2. UAE
  • Mobile Wallet User Penetration, in % of Population, 2020 & 2025f
  • Digital Payment Transaction Value, in USD billion, 2020 & 2030f
  • Mobile Wallet Transaction Value, in USD billion, and Volume, in millions, 2020 & 2025f
  • Average Annual Digital Payment Transaction Value Per User, in USD, 2019-2021
  • Number of Digital Payment Transactions, in billions, 2020 & 2030f
  • Breakdown of Most Used Payment Methods, in %, 2021
  • View On Digital Payments, in % of Merchants, 2020
7.3. Saudi Arabia
  • Mobile Wallet User Penetration, in % of Population, 2020 & 2025f
  • Mobile Wallet Transaction Value, in USD billion, and Volume, in billions, 2020 & 2025f
7.4. Israel
  • Breakdown of Most Used Payment Methods, in %, 2021
  • Breakdown of Types of Credit Card Payments, in %, 2021
7.5. Jordan
  • Breakdown of Mobile Wallet Usage, by Banked and Unbanked, in % of Respondents, 2021
  • Reasons For Owning Mobile Wallets, in % of Mobile Wallet Owners, 2021
7.6. Egypt
  • Mobile Wallet User Penetration, in % of Population, 2020 & 2025f
  • Mobile Wallet Transaction Value, in USD billion, and Volume, in billions, 2020 & 2025f
  • Number of Mobile Wallets, in millions, H1 2020 & H1 2021
7.7. Nigeria
  • Mobile Wallet User Penetration, in % of Population, 2020 & 2025f
  • Mobile Wallet Transaction Value, in USD billion, and Volume, in billions, 2020 & 2025f
  • Number of Mobile Payment Transactions, in millions, and Value, in NGN billion, 2017-2021
  • Mobile Payment Statistics, incl. Number of Transactions, in Millions, Value of Transactions, in KES Billion, Number of Accounts, in Millions, and Number of Agents, in Thousands, 2011-2021
7.8. Kenya
  • Mobile Payment Statistics, incl. Number of Transactions, in Millions, Value of Transactions, in KES Billion, Number of Accounts, in Millions, and Number of Agents, in Thousands, 2011-2021

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Alipay
  • American Express 
  • Apple pay
  • Argos store card
  • Au Pay
  • Clearpay
  • D Pay
  • Dana
  • Google pay
  • GoPay
  • Klarna
  • Laybuy
  • Legal and general
  • Line pay
  • Mastercard
  • Masterpass
  • Merpay
  • Openpay
  • OVO
  • Paylib
  • Paypal
  • Paypay
  • Quic pay
  • Rakuten Pay
  • Starbucks 
  • VIPPS
  • Visa
  • Yucho pay
  • Zip
  • Zlich