E Wallet Industry Statistics

The E Wallet industry is experiencing rapid growth, with the number of users projected to reach 4.8 billion by 2024, driven by increasing mobile penetration and the convenience of digital payments.

In this post, we explore the dynamic landscape of the e-wallet industry, backed by an array of compelling statistics that highlight the rapid growth and widespread adoption of mobile payment solutions globally. From the staggering market size figures to the regional trends and user projections, these statistics shed light on the evolving preferences and behaviors shaping the future of digital wallets.

Statistic 1

"The global mobile wallet market size was valued at $1.04 trillion in 2019."

Sources Icon

Statistic 2

"The use of mobile wallets is anticipated to rise at a 28.2% CAGR between 2020-2027."

Sources Icon

Statistic 3

"China accounted for a 70.4% share in the total transaction value in the mobile POS payments segment in 2019."

Sources Icon

Statistic 4

"By 2030 it is predicted that 41.8% of the worldwide population will be using a mobile wallet."

Sources Icon

Statistic 5

"The number of E-wallet users in America is expected to reach 140 million by 2022."

Sources Icon

Statistic 6

"The Asia-Pacific region is expected to show a considerable growth rate in digital payment solutions acceptance, like eWallets."

Sources Icon

Statistic 7

"In India alone, digital wallets are used by 67% of the population."

Sources Icon

Statistic 8

"In Canada, the projected growth rate of mobile wallet usage amongst millennials is 17% by 2021."

Sources Icon

Statistic 9

"It’s projected that there will be over 4 billion digital wallet users globally by 2024."

Sources Icon

Statistic 10

"Transaction value in the mobile POS payments segment is projected to show an annual growth rate (CAGR 2020-2024) of 27.9%."

Sources Icon

Statistic 11

"Approximately 2.1 billion consumers worldwide used a mobile wallet to make a payment or send money in 2019."

Sources Icon

Statistic 12

"In 2019, the total transaction value of digital payments in South-East Asia reached $600 billion."

Sources Icon

Statistic 13

"In 2019, around 1.3 billion WeChat Pay accounts were active in Chinese digital mobile payments."

Sources Icon

Statistic 14

"As of 2021, Apple Pay leads the way with 441 million users worldwide."

Sources Icon

Statistic 15

"58% of Europeans used their mobile phone to pay via a mobile wallet in 2020."

Sources Icon

Statistic 16

"In the Asia-Pacific, digital wallet transactions surpassed credit cards to become the most used e-commerce payment method in 2017."

Sources Icon

Statistic 17

"In 2021, 85% of consumers used a mobile wallet for online transactions."

Sources Icon

Statistic 18

"In 2021, 75.8% of smartphone users in the United States have used a mobile payment service like an eWallet."

Sources Icon
The statistics presented clearly indicate a significant growth and widespread adoption of mobile wallets globally. With increasing market values, rising usage rates, and strong penetration in key regions such as China and India, it is evident that mobile wallets are becoming an integral part of everyday digital transactions. The projections for the future also suggest a continued upward trend in terms of user numbers and transaction values, highlighting the increasing relevance and importance of mobile wallets in the evolving digital payment landscape.

... Before You Leave, Catch This! 🔥

Your next business insight is just a subscription away. Our newsletter The Week in Data delivers the freshest statistics and trends directly to you. Stay informed, stay ahead—subscribe now.

Sign up for our newsletter and become the navigator of tomorrow's trends. Equip your strategy with unparalleled insights!