
Mobile Wallet Market Research Report by Type (Open, Semi-Closed, Closed), By Ownership (Banks, Telecom Operators, Device Manufacturers, Tech Companies), By Technology (Near Field Communication (NFC), Optical/QR Code, Digital, Text-Based), By Application (Hospitality And Transportation, Media And Entertainment, Retail, Healthcare, Energy And Utilities, Telecommunication, Other Applications), and by Region - Global Forecast to 2034
May-2025 Formats | PDF | Category: Consumer Goods | Delivery: 24 to 72 Hours
“The Mobile Wallet Market industry is expected to expand from $ 2765.98 Billion in 2025 to $ 1578.34 Billion in 2034, with a compound annual growth rate of 31.4%. “
Mobile Wallet Market: Overview and Growth in the Upcoming Year
In recent years, the market for mobile wallets has expanded dramatically and gained widespread usage. Due to the ease of contactless payments and the rising popularity of smartphones, more and more consumers are selecting mobile wallets as their preferred payment option. Based on recent trends, the market is anticipated to rise even more in the upcoming year.
One of the primary factors driving the growth of the mobile wallet market is the increasing digitization of payments. As more businesses and consumers embrace online shopping and e-commerce, there is an increasing demand for secure and useful payment methods. Because mobile wallets offer a convenient and efficient way to conduct business both online and offline, customers find them to be an enticing substitute.
Security is always the first concern when it comes to mobile payments. Mobile wallets are equipped with state-of-the-art encryption technologies and security measures to protect users’ financial information. Thanks to features like tokenization and biometric authentication, mobile wallets offer a high level of security on par with traditional payment methods.
Technological developments like Near Field Communication (NFC) and QR code scanning have had a big impact on the mobile wallet market. These technologies have increased the use of mobile wallets by making it easier for customers to use their cellphones to make contactless payments. As technology advances, we should expect to see many more developments in the area of mobile payments.
The market for mobile wallets is expected to keep growing over the course of the upcoming year. As the demand for safe and convenient payment methods rises along with the popularity of digital payments, mobile wallets are predicted to become even more popular in the market.
The future of mobile payments is bright because mobile wallets have the power to fundamentally alter the way we do business. As more businesses integrate mobile payment systems into their everyday operations and as consumers become more comfortable with using mobile payments, the market for mobile wallets is anticipated to expand even more. Because of their convenience and security features, mobile wallets are likely to become the preferred payment method for a large number of people in the upcoming year.
For Insights Consultancy’s latest market intelligence study, “Global Mobile Wallet Market 2025, Growth Opportunities, and Forecast,” provides a comprehensive analysis of the Food industry. The report includes demand analysis, industry insights, competition intelligence, and a customer database. It also offers strategic insights into future trends, growth determinants, supplier landscape, demand landscape, CAGR, and pricing analysis. The study also includes Porter’s Five Forces Analysis, PESTLE Analysis, Value Chain Analysis, 4 Ps’ Analysis, Market Attractiveness Analysis, BPS Analysis, and Ecosystem Analysis.
*Note: Sample of the report provides details on the scope and coverage, table of contents, research methodology, and Sample Framework of the report. Actual report of 110+ is available for purchase to all the interested stakeholders.
Top Companies Covered In This Report:
- Amazon. com Inc.
- Apple Inc.
- Google LLC
- Samsung Electronics Co Ltd.
- Alibaba Group Holding Limited
- AT&T Inc.
- Tencent Holdings Limited
- Barclays plc
- Wells Fargo & Company
- American Express Banking Corporation
- VISA Inc.
- PayPal Holdings Inc.
- Mastercard Incorporated
- Square Inc.
- MercadoLibre Inc.
- Skrill Ltd.
- Revolut Ltd.
- Ant Financial Services Group
- Circle Internet Financial Ltd.
- One Mobikwik System Pvt Ltd.
- Mozido Inc.
- TRM Labs Inc.
- BitPay Inc.
- Dwolla Inc.
- Zerion Inc.
- Bitski Inc.
- Blockstream Corporation
- Zelle Inc.
- Jerry Technologies Inc.
Industry News
May 8, 2024 Google wallet launches in India: How is it Different from Google Pay and More
Google Wallet is finally available in India. Google launched the digital wallet app Google Wallet in the US in 2022. After two years, the app has finally made its way to the Indian market. The app is available on Google Play Store for download.
Jun 15, 2023 Amazon Pay counts on wallets to push payments business
Amazon Pay, the digital payments arm of the ecommerce major, is betting big on the traditional mobile wallet business to get back into the leadership game in consumer payments.
Detailed Segmentation and Classification of the report (Market Size and Forecast – 2034, Y-o-Y growth rate, and CAGR):
Segment By Type
- Open
- Semi-Closed
- Closed
Segment ByOwnership:
- Banks
- Telecom Operators
- Device Manufacturers
- Tech Companies
Segment ByTechnology
- Near Field Communication (NFC)
- Optical/QR Code
- Digital
- Text-Based
Segment By Application
- Hospitality And Transportation
- Media And Entertainment
- Retail
- Healthcare
- Energy And Utilities
- Telecommunication
- Other Applications
Regional Deep-dive Analysis:
The report provides in-depth qualitative and quantitative data on the Mobile Wallet Market for all of the regions and countries listed below:
North America includes the United States, Canada, and Mexico.
Europe includes Germany, France, Italy, the United Kingdom, Scandinavia, Benelux, Russia, and the rest of Europe.
Asia-Pacific includes Japan, South Korea, India, China, Southeast Asia, and Australia.
South America (including Brazil, Argentina, and the rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Israel, South Africa)
Each country is studied in detail, and the study includes qualitative and quantitative analysis of the Mobile Wallet Market in that country.
North America
North America is a developed market for mobile wallets, with the US setting the bar for acceptance. The region is home to a number of significant mobile payments businesses, such as PayPal, Google Pay, and Apple Pay. Customers can pay online and in-store with ease thanks to these systems. In North America, the demand for mobile wallets has also surged due to the increasing acceptance of contactless payments.
Europe
The growth of the mobile wallet market in Europe is being driven by nations like France, Germany, and the United Kingdom. The region’s strong legal framework that supports digital payments makes it a desirable market for mobile wallet providers. Mobile wallets are growing in popularity among European consumers because of their convenience and security features. The expansion of e-commerce and mobile purchasing is expected to further increase the region’s need for mobile payment solutions.
Asia-Pacific
Asia Pacific is a center for mobile wallet innovation because China and India are leading the way in digital payments. In China, mobile payment giants like Alipay and WeChat Pay have fundamentally altered how people conduct business. These platforms offer a range of additional services, such as asset management and social networking, in addition to payments. The government’s push for digital payments has increased the use of mobile wallets by Indian businesses and consumers.
Middle East and Africa
In the Middle East, where countries like Saudi Arabia and the United Arab Emirates are setting the standard for digital transformation, the market for mobile wallets is also growing rapidly. Consumers in the region can send and receive money, use mobile wallets to make payments, and access financial services with ease. Due to its young and tech-savvy population, the Middle East presents a lot of opportunity for mobile wallet companies looking to expand their presence in the region.
All things considered, it is anticipated that the global mobile wallet market will continue to grow as a result of evolving consumer preferences and technological advancements. As digital payments become more popular, mobile wallets will play a significant role in determining how commerce evolves in the future.
The research provides answers to the following key questions:
- What is the expected growth rate of the Mobile Wallet Market from 2025-2034?
- What are the key driving forces shaping the market during the forecast period?
- Who are the major market vendors and what winning strategies have helped them occupy a strong foothold in the Mobile Wallet Market?
- What are the prominent market trends influencing the market’s development?
Key insights provided by the report that could help you take critical strategic decisions?
- Regional reports analyse product/service consumption and market factors in each region.
- Reports highlight possibilities and dangers for suppliers in the Mobile Wallet Market business globally.
- The report identifies regions and sectors with the highest growth potential.
- It provides a competitive market ranking of major companies, as well as information on new product launches, partnerships, business expansions, and acquisitions.
- The report includes a comprehensive corporate profile with company overviews, insights, product benchmarks, and SWOT analysis for key market participants.
Customization: We can provide following things
1) On request more company profiles (competitors)
2) Data about particular country or region
3) We will incorporate the same with no additional cost (Post conducting feasibility).
Any Requirement Contact us: https://www.forinsightsconsultancy.com/contact-us/
Table of Contents
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