GITNUXREPORT 2025

Payment Solutions Industry Statistics

Global digital payments grow, surpassing $4.1 trillion valuation in 2021.

Jannik Linder

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

First published: April 29, 2025

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Statistic 1

Nearly 80% of retail transactions in China are made via mobile payments

Statistic 2

In 2022, about 70% of consumers worldwide used digital wallets for transactions

Statistic 3

Nearly 60% of small businesses worldwide accept digital payment methods

Statistic 4

Asia-Pacific region leads the world with the highest number of digital payment users

Statistic 5

The number of digital payment app downloads worldwide surpassed 170 billion in 2022

Statistic 6

More than 1.2 billion people worldwide used mobile money services in 2022

Statistic 7

Over 50% of all online transactions are now made via mobile devices

Statistic 8

Globally, over 60% of consumers prefer using digital wallets over traditional cash payments

Statistic 9

In Europe, around 78% of consumers used at least one digital payment method in 2023

Statistic 10

The number of pay-by-link transactions reported a 150% increase from 2020 to 2022

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Over 90% of major financial institutions now offer digital payment services to their customers

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The top three digital payment providers globally are PayPal, Alipay, and WeChat Pay, with over 80% combined market share

Statistic 13

Digital payment loyalty programs increased user retention rates by up to 30%

Statistic 14

Over 85% of consumers prefer contactless card payments over cash in developed countries

Statistic 15

The average number of digital wallets per user is 2.3 globally

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The number of digital payment users in Europe is projected to reach 400 million by 2025

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The average transaction size for peer-to-peer (P2P) payments is approximately $25 worldwide

Statistic 18

The growth rate of digital payment transactions exceeds 20% annually worldwide

Statistic 19

The global digital payment market was valued at approximately $4.1 trillion in 2021

Statistic 20

The mobile payment transaction volume is projected to reach $9 trillion by 2025

Statistic 21

The number of global POS terminals is expected to reach 40 million by 2025

Statistic 22

The average value of a mobile payment transaction is $75 globally

Statistic 23

The global contactless card market size was valued at $17 billion in 2021, expected to grow at a CAGR of 10% through 2027

Statistic 24

The average PIN and chip card transaction value is approximately $110 globally

Statistic 25

Digital payment industry revenue is projected to reach $1.5 trillion by 2026

Statistic 26

The Indian digital payment market grew by 30% in 2022, reaching a transaction volume of over $600 billion

Statistic 27

The global biometric payment card market size was valued at $500 million in 2021 and is projected to reach $2 billion by 2028

Statistic 28

The global point-of-sale (POS) terminal market is projected to reach $29 billion by 2027, growing at a CAGR of 8%

Statistic 29

The average revenue per user (ARPU) for digital wallet providers globally reached $45 in 2022

Statistic 30

In Africa, mobile money transactions surpassed $400 billion in 2022, representing a 25% increase from the previous year

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The global digital payment fraud detection market is projected to reach $15 billion by 2025, at a CAGR of 12%

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The world’s largest digital payment processing companies processed over $3 trillion in transactions in 2022

Statistic 33

The total value of global remittances sent via digital channels reached $715 billion in 2022, a 12% increase from 2021

Statistic 34

In Latin America, mobile payment transactions grew by 40% in 2022, reaching $50 billion in transaction volume

Statistic 35

The global cryptocurrency payment processing market is expected to grow at a CAGR of 35% through 2030

Statistic 36

The global contactless POS device market is expected to grow at a CAGR of 9% from 2022 to 2027

Statistic 37

Contactless payments accounted for over 50% of in-store payments in North America in 2023

Statistic 38

QR code payments accounted for over 45% of mobile payment transactions in 2023

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In the US, about 85% of retailers accept contactless payments as of 2023

Statistic 40

The number of fintech startups focused on payment solutions worldwide exceeded 12,000 in 2023

Statistic 41

Contactless payments now constitute over 65% of in-store transactions in the UK

Statistic 42

The average transaction fee for digital payment gateways is around 2.9%

Statistic 43

Cryptocurrency payment acceptance grew by 200% in 2022 among online merchants

Statistic 44

The global near field communication (NFC) market for payments is expected to grow at a CAGR of 12% from 2022 to 2028

Statistic 45

Contactless payment adoption among European retailers increased by 40% in 2023

Statistic 46

The average number of digital payments processed per second globally is over 200,000

Statistic 47

Card-not-present transactions constitute over 70% of all online payments globally

Statistic 48

In 2023, contactless payment transactions accounted for approximately 37% of all in-store payment volume in the US

Statistic 49

The average transaction time for a digital payment is under 3 seconds globally

Statistic 50

Digital payment solutions account for approximately 25% of all retail sales globally

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The Asia-Pacific region accounts for roughly 70% of all mobile money transactions worldwide

Statistic 52

The percentage of online transactions authenticated via biometric methods increased by 35% in 2022

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As of 2023, over 60% of online merchants incorporate fraud detection tools within their payment solutions

Statistic 54

The share of biometric authentication in mobile payments increased by 45% between 2020 and 2022

Statistic 55

Over 40% of online merchants plan to increase their investment in fraud prevention tools in 2024

Statistic 56

The majority of digital payment fraud involves card-not-present transactions, accounting for over 70% of cases

Statistic 57

The use of biometric authentication in digital payments increased by 50% between 2020 and 2022

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Key Highlights

The global digital payment market was valued at approximately $4.1 trillion in 2021
The mobile payment transaction volume is projected to reach $9 trillion by 2025
Nearly 80% of retail transactions in China are made via mobile payments
In 2022, about 70% of consumers worldwide used digital wallets for transactions
Contactless payments accounted for over 50% of in-store payments in North America in 2023
The number of global POS terminals is expected to reach 40 million by 2025
Nearly 60% of small businesses worldwide accept digital payment methods
The average value of a mobile payment transaction is $75 globally
Asia-Pacific region leads the world with the highest number of digital payment users
The number of digital payment app downloads worldwide surpassed 170 billion in 2022
QR code payments accounted for over 45% of mobile payment transactions in 2023
More than 1.2 billion people worldwide used mobile money services in 2022
The global contactless card market size was valued at $17 billion in 2021, expected to grow at a CAGR of 10% through 2027

The rapid evolution of the Payment Solutions Industry is reshaping global commerce, with digital transactions soaring to over $4 trillion in 2021 and projections indicating that mobile and contactless payments will dominate future in-store and online shopping experiences worldwide.

Consumer Adoption and Usage Trends

Nearly 80% of retail transactions in China are made via mobile payments
In 2022, about 70% of consumers worldwide used digital wallets for transactions
Nearly 60% of small businesses worldwide accept digital payment methods
Asia-Pacific region leads the world with the highest number of digital payment users
The number of digital payment app downloads worldwide surpassed 170 billion in 2022
More than 1.2 billion people worldwide used mobile money services in 2022
Over 50% of all online transactions are now made via mobile devices
Globally, over 60% of consumers prefer using digital wallets over traditional cash payments
In Europe, around 78% of consumers used at least one digital payment method in 2023
The number of pay-by-link transactions reported a 150% increase from 2020 to 2022
Over 90% of major financial institutions now offer digital payment services to their customers
The top three digital payment providers globally are PayPal, Alipay, and WeChat Pay, with over 80% combined market share
Digital payment loyalty programs increased user retention rates by up to 30%
Over 85% of consumers prefer contactless card payments over cash in developed countries
The average number of digital wallets per user is 2.3 globally
The number of digital payment users in Europe is projected to reach 400 million by 2025
The average transaction size for peer-to-peer (P2P) payments is approximately $25 worldwide
The growth rate of digital payment transactions exceeds 20% annually worldwide

Consumer Adoption and Usage Trends Interpretation

With nearly 80% of Chinese retail transactions now via mobile and over 60% of global consumers favoring digital wallets, the payment industry is swiftly shifting from cash to apps—making traditional coin jars as obsolete as chipped driveway pavement.

Market Size and Valuation

The global digital payment market was valued at approximately $4.1 trillion in 2021
The mobile payment transaction volume is projected to reach $9 trillion by 2025
The number of global POS terminals is expected to reach 40 million by 2025
The average value of a mobile payment transaction is $75 globally
The global contactless card market size was valued at $17 billion in 2021, expected to grow at a CAGR of 10% through 2027
The average PIN and chip card transaction value is approximately $110 globally
Digital payment industry revenue is projected to reach $1.5 trillion by 2026
The Indian digital payment market grew by 30% in 2022, reaching a transaction volume of over $600 billion
The global biometric payment card market size was valued at $500 million in 2021 and is projected to reach $2 billion by 2028
The global point-of-sale (POS) terminal market is projected to reach $29 billion by 2027, growing at a CAGR of 8%
The average revenue per user (ARPU) for digital wallet providers globally reached $45 in 2022
In Africa, mobile money transactions surpassed $400 billion in 2022, representing a 25% increase from the previous year
The global digital payment fraud detection market is projected to reach $15 billion by 2025, at a CAGR of 12%
The world’s largest digital payment processing companies processed over $3 trillion in transactions in 2022
The total value of global remittances sent via digital channels reached $715 billion in 2022, a 12% increase from 2021
In Latin America, mobile payment transactions grew by 40% in 2022, reaching $50 billion in transaction volume
The global cryptocurrency payment processing market is expected to grow at a CAGR of 35% through 2030
The global contactless POS device market is expected to grow at a CAGR of 9% from 2022 to 2027

Market Size and Valuation Interpretation

With digital payments soaring towards a projected $9 trillion mobile transaction volume by 2025 and POS terminals set to hit 40 million, the world is clearly wired for a future where paying is as effortless as a tap—and just as likely to make fraud detection a billion-dollar industry.

Payment Methods and Technologies

Contactless payments accounted for over 50% of in-store payments in North America in 2023
QR code payments accounted for over 45% of mobile payment transactions in 2023
In the US, about 85% of retailers accept contactless payments as of 2023
The number of fintech startups focused on payment solutions worldwide exceeded 12,000 in 2023
Contactless payments now constitute over 65% of in-store transactions in the UK
The average transaction fee for digital payment gateways is around 2.9%
Cryptocurrency payment acceptance grew by 200% in 2022 among online merchants
The global near field communication (NFC) market for payments is expected to grow at a CAGR of 12% from 2022 to 2028
Contactless payment adoption among European retailers increased by 40% in 2023
The average number of digital payments processed per second globally is over 200,000
Card-not-present transactions constitute over 70% of all online payments globally
In 2023, contactless payment transactions accounted for approximately 37% of all in-store payment volume in the US
The average transaction time for a digital payment is under 3 seconds globally
Digital payment solutions account for approximately 25% of all retail sales globally

Payment Methods and Technologies Interpretation

As contactless and QR code payments surge past 50% of in-store transactions in North America and Europe, while fintech startups mushroom to over 12,000 and global digital payments zip along at 200,000 per second, the message is clear: cash is hitting a digital brick wall faster than you can tap your card.

Regional Market Insights

The Asia-Pacific region accounts for roughly 70% of all mobile money transactions worldwide

Regional Market Insights Interpretation

With about 70% of global mobile money transactions, Asia-Pacific is not just leading the payment revolution—it's practically conducting the symphony of digital finance on the world stage.

Security, Fraud Prevention, and Authentication

The percentage of online transactions authenticated via biometric methods increased by 35% in 2022
As of 2023, over 60% of online merchants incorporate fraud detection tools within their payment solutions
The share of biometric authentication in mobile payments increased by 45% between 2020 and 2022
Over 40% of online merchants plan to increase their investment in fraud prevention tools in 2024
The majority of digital payment fraud involves card-not-present transactions, accounting for over 70% of cases
The use of biometric authentication in digital payments increased by 50% between 2020 and 2022

Security, Fraud Prevention, and Authentication Interpretation

As biometric authentication continues to rise sharply—up over 50% in two years and now used by more than 60% of online merchants—it's clear that the payment industry is increasingly betting on high-tech security to outsmart fraud, especially in a landscape where over 70% of fraud occurs in card-not-present transactions.