How big is the Mobile Wallet Market?

The Mobile Wallet Market size is expected to reach USD 13.79 billion in 2024 and grow at a CAGR of 26.78% to reach USD 45.17 billion by 2029. Read More

What is the current Mobile Wallet Market size?

In 2024, the Mobile Wallet Market size is expected to reach USD 13.79 billion. Read More

Who are the key players in Mobile Wallet Market?

Apple Inc, Google LLC, Tencent, PayPal and Samsung Electronics are the major companies operating in the Mobile Wallet Market. Read More

Which is the fastest growing region in Mobile Wallet Market?

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Mobile Wallet Market?

In 2024, the North America accounts for the largest market share in Mobile Wallet Market. Read More

What years does this Mobile Wallet Market cover, and what was the market size in 2023?

In 2023, the Mobile Wallet Market size was estimated at USD 10.88 billion. The report covers the Mobile Wallet Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Mobile Wallet Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

What are the emerging technologies shaping the future of Mobile wallets Market?

The emerging technologies shaping the future of the Mobile Wallets Market are a) Integration with biometrics (fingerprint, facial recognition) b) Blockchain technology Read More

Mobile Wallet Market - Share, Size & Growth

Mobile Wallet Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Report Covers Global Mobile Wallet Market Statistics and it is segmented by Mode of Payment (Proximity, Remote), Application (Mobile Commerce, Money Transfer, Micropayment, Retail, Restaurants, Public Transport), and Geography (North America (United States, Canada), Europe (Germany, UK, France, Spain, and Rest of Europe), Asia Pacific (China, Japan, India, Australia, and Rest of Asia-Pacific), and Latin America (Brazil, Mexico, Argentina, and Rest of Latin America), and Middle East & Africa (UAE, Saudi Arabia, South Africa, and Rest of MEA). The market sizes and forecasts are provided in terms of value (USD million) for all the above segments.

Mobile Wallet Industry Overview

The mobile wallet market is highly competitive and consists of several major players. In terms of market share, a few major players currently dominate the market. These major players with a prominent market share focus on expanding their customer base across foreign countries. These companies leverage strategic collaborative initiatives and acquisitions to increase their market share and profitability.

In September 2022, Alipay+, run by Ant Group, and Thunes, a global cross-border payments company, will join forces to allow the latter's European customers and merchants to accept payments through Asian companies' mobile wallets. KakaoPay in South Korea, Touch 'n Go in Malaysia, Boost in the Philippines, and Alipay in China are among the Asian mobile wallets that will be supported by the collaboration.Additionally included are the Thai services Rabbit, LINE Pay, and TrueMoney.

In June 2022, A partnership between leading Saudi-based telecommunications and digital service provider Mobily and MoneyGram International, Inc., a global company at the forefront of digital P2P payments, enabled the launch of MoneyGram's industry-leading international money transfer capabilities on Mobily Pay. Through this partnership, millions of Saudi Arabian consumers would instantly send money internationally using the Mobily Pay mobile wallet.