GITNUX MARKETDATA REPORT 2024

Mobile Payment Industry Statistics

The mobile payment industry is projected to continue its rapid growth, with an increasing number of users adopting mobile payment solutions for their convenience and security.

Statistic 1

"As of 2020, the global mobile payment market size was valued at $1.18 trillion."

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Statistic 2

"Nearly 50% of US consumers will be using their mobile devices to make payments by 2025."

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Statistic 3

"The mobile payment market will expand at an impressive 29.0% CAGR in terms of value by 2026."

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Statistic 4

"About 60% of worldwide mobile payment consumers use a mobile device for payments daily."

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Statistic 5

"China's mobile payment industry amounted to more than 347 trillion yuan in 2020."

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Statistic 6

"Alipay and WeChat Pay, China's dominant mobile payment services, together account for over 90% of the country's mobile payment market."

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Statistic 7

"In 2025, the transaction value of mobile payment apps will reach nearly $14 trillion."

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Statistic 8

"In 2020, worldwide mobile payment revenue was predicted to surpass $1 trillion."

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Statistic 9

"By 2023, there will be around 1.31 billion proximity mobile payment users worldwide."

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Statistic 10

"In 2020, 40.2% of smartphone users in the US were expected to use a mobile wallet."

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Statistic 11

"13% of Australian eCommerce sales are made through a mobile wallet."

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Statistic 12

""Buy Now, Pay Later" service adoption has reached 9.8% of consumers in Australia."

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Statistic 13

"By 2022, 78% of millennials will have used mobile payments."

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Statistic 14

"Around 180 million U.S. mobile phone users made a mobile payment in 2019."

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Statistic 15

"More than half (57%) of smartphone users have made a mobile payment."

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Statistic 16

"It's estimated that by 2024, mobile wallets will surpass credit cards and cash as the preferred payment method in the US."

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Statistic 17

"By 2025, over 90% of smartphone users will have made a mobile payment."

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Statistic 18

"Mobile payments in the UK are estimated to grow by 18% in the period 2021-2025."

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