GITNUXREPORT 2025

Mobile Payment Statistics

Global mobile payments hit $1.45 trillion in 2022, with rapid growth worldwide.

Jannik Linder

Co-Founder of Gitnux, specialized in content and tech since 2016.

First published: April 29, 2025

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Statistic 1

The global mobile payment market size was valued at approximately $1.45 trillion in 2022

Statistic 2

Mobile payment transactions are projected to reach 1.8 billion by 2025

Statistic 3

The largest mobile payment provider in 2023 is Alipay, with over 1 billion users

Statistic 4

The number of mobile payment users in India reached 150 million in 2022

Statistic 5

In the US, 45% of all retail transactions are expected to be made via mobile payment by 2025

Statistic 6

The adoption rate of mobile wallet services in Africa increased by 50% between 2019 and 2022

Statistic 7

The average transaction value in mobile payments is approximately $32 globally

Statistic 8

The number of contactless mobile payment users in Japan exceeded 70 million in 2022

Statistic 9

The mobile banking app adoption rate among global smartphone users reached 60% in 2023

Statistic 10

By 2024, mobile payment transaction volume in Europe is expected to grow by 30%

Statistic 11

The penetration of mobile POS systems in retail stores worldwide reached 45% in 2022

Statistic 12

Contactless mobile payments are now accepted in over 150 countries worldwide

Statistic 13

The use of biometric authentication for mobile payments increased by 65% between 2020 and 2023

Statistic 14

Mobile payment acceptance at restaurants increased by 50% from 2021 to 2023

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The average spend per mobile payment transaction in 2022 was $42, representing a 20% increase from the previous year

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The global mobile point of sale (mPOS) market grew at a CAGR of 13.5% from 2018 to 2023

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The total number of NFC-enabled smartphones worldwide reached over 1.9 billion in 2023

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The small business adoption of mobile payment systems increased by 25% between 2019 and 2022

Statistic 19

In Latin America, mobile payment transaction value was approximately $87 billion in 2022

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The use of mobile payment apps more than doubled in the Middle East between 2020 and 2022

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The number of mobile payment app downloads worldwide reached 4.2 billion in 2023

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Southeast Asia’s mobile payment transaction volume is expected to grow at a CAGR of 15% from 2022 to 2027

Statistic 23

The global mobile wallet market size was valued at $1.1 trillion in 2022 and is projected to reach $3.3 trillion by 2028

Statistic 24

As of 2023, China accounts for over 65% of all mobile payment transactions globally

Statistic 25

Mobile payments are fully integrated into the retail experience in over 40% of stores in North America

Statistic 26

55% of small businesses in Europe accepted mobile payments in 2023, compared to 40% in 2021

Statistic 27

The Asia-Pacific region accounted for over 50% of all mobile payment transactions worldwide in 2022

Statistic 28

Mobile payment penetration in urban China is over 70%, significantly higher than rural areas at 30%

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Mobile payment fraud attempts increased by 25% globally in 2022

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In 2022, mobile payment fraud losses worldwide exceeded $22 billion

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According to surveys, 60% of users feel more secure making payments via mobile than via cash

Statistic 32

54% of mobile payment users prefer to use biometric authentication rather than PIN or password

Statistic 33

The average transaction success rate for mobile payments is 92%, indicating high reliability

Statistic 34

NFC (Near Field Communication) technology is used in 85% of all mobile payments globally as of 2023

Statistic 35

In 2022, more than 60% of mobile payments globally were made using QR codes

Statistic 36

Over 70% of mobile payment users in emerging markets utilize QR code payments exclusively

Statistic 37

60% of Fortune 500 companies have integrated mobile payment options into their ecosystems by 2023

Statistic 38

As of 2023, the share of mobile payments in retail transactions in Australia is expected to reach 38%

Statistic 39

Mobile contactless payments reduced cash handling costs for merchants by an average of 28% in 2022

Statistic 40

Mobile payment solutions significantly increased in-store checkout speed by an average of 35% in 2022

Statistic 41

70% of smartphone users in developed countries have used a mobile payment service

Statistic 42

Nearly 80% of consumers prefer using mobile payments over cash for daily transactions

Statistic 43

The top three reasons consumers use mobile payments are convenience, speed, and security

Statistic 44

In the United States, people of age 25-34 are the most active mobile payment users, accounting for 40% of users

Statistic 45

Approximately 30% of global e-commerce transactions in 2023 were made via mobile devices

Statistic 46

The most common reason for mobile payment app abandonment is complicated user interface, cited by 35% of users

Statistic 47

Nearly 40% of consumers have made a mobile payment at a transportation service (bus, train, ride-sharing)

Statistic 48

Over 80% of mobile payment users in Southeast Asia use their device for peer-to-peer (P2P) transactions

Statistic 49

Nearly 65% of consumers in Africa prefer mobile payments over cash

Statistic 50

65% of mobile payment users prefer using digital wallets over bank-issued contactless cards

Statistic 51

85% of mobile payment users globally utilize apps that offer loyalty and rewards features

Statistic 52

Over 90% of mobile payment transactions are completed within 30 seconds, indicating high efficiency

Statistic 53

In 2022, the average frequency of mobile payments per user per month was approximately 15 times globally

Statistic 54

Nearly 75% of mobile payment users have linked their bank accounts to their mobile wallets in 2023

Statistic 55

The percentage of millennials using mobile payments in the US grew by 40% from 2021 to 2023

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Key Highlights

The global mobile payment market size was valued at approximately $1.45 trillion in 2022
Mobile payment transactions are projected to reach 1.8 billion by 2025
As of 2023, China accounts for over 65% of all mobile payment transactions globally
The largest mobile payment provider in 2023 is Alipay, with over 1 billion users
70% of smartphone users in developed countries have used a mobile payment service
The number of mobile payment users in India reached 150 million in 2022
NFC (Near Field Communication) technology is used in 85% of all mobile payments globally as of 2023
In the US, 45% of all retail transactions are expected to be made via mobile payment by 2025
The adoption rate of mobile wallet services in Africa increased by 50% between 2019 and 2022
The average transaction value in mobile payments is approximately $32 globally
In 2022, more than 60% of mobile payments globally were made using QR codes
Mobile payments are fully integrated into the retail experience in over 40% of stores in North America
55% of small businesses in Europe accepted mobile payments in 2023, compared to 40% in 2021

Mobile payments are transforming the financial landscape worldwide, with a staggering market value of $1.45 trillion in 2022 and projections estimating 1.8 billion transactions by 2025, highlighting a fast-growing digital revolution driven by convenience, security, and innovative technology.

Market Size and Growth Trends

The global mobile payment market size was valued at approximately $1.45 trillion in 2022
Mobile payment transactions are projected to reach 1.8 billion by 2025
The largest mobile payment provider in 2023 is Alipay, with over 1 billion users
The number of mobile payment users in India reached 150 million in 2022
In the US, 45% of all retail transactions are expected to be made via mobile payment by 2025
The adoption rate of mobile wallet services in Africa increased by 50% between 2019 and 2022
The average transaction value in mobile payments is approximately $32 globally
The number of contactless mobile payment users in Japan exceeded 70 million in 2022
The mobile banking app adoption rate among global smartphone users reached 60% in 2023
By 2024, mobile payment transaction volume in Europe is expected to grow by 30%
The penetration of mobile POS systems in retail stores worldwide reached 45% in 2022
Contactless mobile payments are now accepted in over 150 countries worldwide
The use of biometric authentication for mobile payments increased by 65% between 2020 and 2023
Mobile payment acceptance at restaurants increased by 50% from 2021 to 2023
The average spend per mobile payment transaction in 2022 was $42, representing a 20% increase from the previous year
The global mobile point of sale (mPOS) market grew at a CAGR of 13.5% from 2018 to 2023
The total number of NFC-enabled smartphones worldwide reached over 1.9 billion in 2023
The small business adoption of mobile payment systems increased by 25% between 2019 and 2022
In Latin America, mobile payment transaction value was approximately $87 billion in 2022
The use of mobile payment apps more than doubled in the Middle East between 2020 and 2022
The number of mobile payment app downloads worldwide reached 4.2 billion in 2023
Southeast Asia’s mobile payment transaction volume is expected to grow at a CAGR of 15% from 2022 to 2027
The global mobile wallet market size was valued at $1.1 trillion in 2022 and is projected to reach $3.3 trillion by 2028

Market Size and Growth Trends Interpretation

With a mobile payment market soaring from $1.1 trillion to an anticipated $3.3 trillion by 2028 and over 4.2 billion downloads in 2023 alone, it's clear that we're swiftly swapping cash and cards for smartphones—turning our pockets into digital punchlines that everyone’s eager to pay into.

Regional Adoption and Market Share

As of 2023, China accounts for over 65% of all mobile payment transactions globally
Mobile payments are fully integrated into the retail experience in over 40% of stores in North America
55% of small businesses in Europe accepted mobile payments in 2023, compared to 40% in 2021
The Asia-Pacific region accounted for over 50% of all mobile payment transactions worldwide in 2022
Mobile payment penetration in urban China is over 70%, significantly higher than rural areas at 30%

Regional Adoption and Market Share Interpretation

These statistics reveal a global mobile payment revolution—China's dominance with over 65% of transactions, North America's integration in nearly half of retail outlets, Europe's expanding acceptance among small businesses, and the Asia-Pacific region accounting for over half of worldwide activity—highlighting how digital wallets are transforming commerce from urban metropolises to rural communities, albeit with noticeable regional and urban-rural disparities.

Security, Fraud, and Consumer Preferences

Mobile payment fraud attempts increased by 25% globally in 2022
In 2022, mobile payment fraud losses worldwide exceeded $22 billion
According to surveys, 60% of users feel more secure making payments via mobile than via cash
54% of mobile payment users prefer to use biometric authentication rather than PIN or password
The average transaction success rate for mobile payments is 92%, indicating high reliability

Security, Fraud, and Consumer Preferences Interpretation

Despite a 25% surge in global mobile payment fraud attempts in 2022—that resulted in over $22 billion in losses—more than half of users trust biometric security over passwords, and with a 92% success rate, mobile payments continue to prove both popular and dependable, albeit not impervious.

Technologies and Payment Methods

NFC (Near Field Communication) technology is used in 85% of all mobile payments globally as of 2023
In 2022, more than 60% of mobile payments globally were made using QR codes
Over 70% of mobile payment users in emerging markets utilize QR code payments exclusively
60% of Fortune 500 companies have integrated mobile payment options into their ecosystems by 2023
As of 2023, the share of mobile payments in retail transactions in Australia is expected to reach 38%
Mobile contactless payments reduced cash handling costs for merchants by an average of 28% in 2022
Mobile payment solutions significantly increased in-store checkout speed by an average of 35% in 2022

Technologies and Payment Methods Interpretation

As mobile payments continue to evolve—dominated by NFC but still thriving through QR codes, especially in emerging markets, and embraced by giants like the Fortune 500—their dual promise of faster checkouts and lower cash handling costs signals a cashless revolution that's redrawing retail landscapes worldwide.

User Behavior and Demographics

70% of smartphone users in developed countries have used a mobile payment service
Nearly 80% of consumers prefer using mobile payments over cash for daily transactions
The top three reasons consumers use mobile payments are convenience, speed, and security
In the United States, people of age 25-34 are the most active mobile payment users, accounting for 40% of users
Approximately 30% of global e-commerce transactions in 2023 were made via mobile devices
The most common reason for mobile payment app abandonment is complicated user interface, cited by 35% of users
Nearly 40% of consumers have made a mobile payment at a transportation service (bus, train, ride-sharing)
Over 80% of mobile payment users in Southeast Asia use their device for peer-to-peer (P2P) transactions
Nearly 65% of consumers in Africa prefer mobile payments over cash
65% of mobile payment users prefer using digital wallets over bank-issued contactless cards
85% of mobile payment users globally utilize apps that offer loyalty and rewards features
Over 90% of mobile payment transactions are completed within 30 seconds, indicating high efficiency
In 2022, the average frequency of mobile payments per user per month was approximately 15 times globally
Nearly 75% of mobile payment users have linked their bank accounts to their mobile wallets in 2023
The percentage of millennials using mobile payments in the US grew by 40% from 2021 to 2023

User Behavior and Demographics Interpretation

As mobile payments swiftly become the dominant digital currency of daily life—driven by their unmatched blend of convenience, speed, and security—globally, over 70% of smartphone users are embracing this cashless revolution, yet a significant 35% risk losing users to frustrating interfaces, reminding us that even in the digital age, user experience remains king.