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PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1682820

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PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1682820

Mobile Wallet Market Size & Share Analysis - Trends, Drivers, Competitive Landscape, and Forecasts (2025 - 2032)

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The global mobile wallet market is experiencing significant growth, driven by the increasing adoption of smartphones and the convenience of digital payments. In 2024, the market size is estimated at USD 15.9 billion and is projected to reach USD 113.1 billion by 2032, advancing at a compound annual growth rate (CAGR) of 28.5% during the forecast period.

This growth is primarily attributed to the convenience offered to consumers by this technology to make transactions from any location. It facilitates consumers with managing their payment accounts easily, with quick funds transfers.

Key Insights

The mobile wallet market is segmented by application into retail and e-commerce, hospitality and transportation, banking, and vending machines. The retail and e-commerce category holds the largest share, attributed to the widespread adoption of mobile wallets for online shopping and in-store purchases, enhancing customer convenience and transaction efficiency.

A growing trend in the mobile wallet market is biometric authentication, along with AI-based fraud detection. Fingerprint scanning, facial recognition, and voice verification are becoming common in most mobile wallets for smooth and secure transactions. Real-time transaction monitoring, using AI algorithms to track the patterns of transactions to pinpoint anomalies, decreases fraud potential.

The Asia-Pacific (APAC) region holds the largest market share and is also the fastest-growing region, driven by the high adoption rate of smartphones, increasing internet penetration, and a growing preference for digital payment methods. Countries like China and India are leading this growth due to supportive government initiatives promoting cashless economies and the proliferation of e-commerce platforms.

The mobile wallet market is fragmented, with numerous players offering a variety of products to cater to diverse consumer needs. Major companies in the market include PayPal Holdings Inc., Apple Inc., Google LLC, Samsung Electronics Co. Ltd., and Alipay. These companies are continually innovating and expanding their mobile wallet offerings to enhance user experience and security features.

Product Code: 10214

Table of Contents

Chapter 1. Research Scope

  • 1.1. Research Objectives
  • 1.2. Market Definition
  • 1.3. Analysis Period
  • 1.4. Market Size Breakdown by Segments
    • 1.4.1. Market size breakdown, by type
    • 1.4.2. Market size breakdown, by application
    • 1.4.3. Market size breakdown, by technology
    • 1.4.4. Market size breakdown, by region
  • 1.5. Market Data Reporting Unit
    • 1.5.1. Value
  • 1.6. Key Stakeholders

Chapter 2. Research Methodology

  • 2.1. Secondary Research
    • 2.1.1. Paid
    • 2.1.2. Unpaid
    • 2.1.3. P&S Intelligence database
  • 2.2. Primary Research
  • 2.3. Market Size Estimation
  • 2.4. Data Triangulation
  • 2.5. Currency Conversion Rates
  • 2.6. Assumptions for the Study
  • 2.7. Notes and Caveats

Chapter 3. Executive Summary

Chapter 4. Market Indicators

Chapter 5. Industry Outlook

  • 5.1. Market Dynamics
    • 5.1.1. Trends
    • 5.1.2. Drivers
    • 5.1.3. Restraints/challenges
    • 5.1.4. Impact analysis of drivers/restraints
  • 5.2. Impact of COVID-19
  • 5.3. Porter's Five Forces Analysis
    • 5.3.1. Bargaining power of buyers
    • 5.3.2. Bargaining power of suppliers
    • 5.3.3. Threat of new entrants
    • 5.3.4. Intensity of rivalry
    • 5.3.5. Threat of substitutes

Chapter 6. Global Market

  • 6.1. Overview
  • 6.2. Market Revenue, by Type (2019-2030)
  • 6.3. Market Revenue, by Application (2019-2030)
  • 6.4. Market Revenue, by Technology (2019-2030)
  • 6.5. Market Revenue, by Region (2019-2030)

Chapter 7. North America Market

  • 7.1. Overview
  • 7.2. Market Revenue, by Type (2019-2030)
  • 7.3. Market Revenue, by Application (2019-2030)
  • 7.4. Market Revenue, by Technology (2019-2030)
  • 7.5. Market Revenue, by Country (2019-2030)

Chapter 8. Europe Market

  • 8.1. Overview
  • 8.2. Market Revenue, by Type (2019-2030)
  • 8.3. Market Revenue, by Application (2019-2030)
  • 8.4. Market Revenue, by Technology (2019-2030)
  • 8.5. Market Revenue, by Country (2019-2030)

Chapter 9. APAC Market

  • 9.1. Overview
  • 9.2. Market Revenue, by Type (2019-2030)
  • 9.3. Market Revenue, by Application (2019-2030)
  • 9.4. Market Revenue, by Technology (2019-2030)
  • 9.5. Market Revenue, by Country (2019-2030)

Chapter 10. LATAM Market

  • 10.1. Overview
  • 10.2. Market Revenue, by Type (2019-2030)
  • 10.3. Market Revenue, by Application (2019-2030)
  • 10.4. Market Revenue, by Technology (2019-2030)
  • 10.5. Market Revenue, by Country (2019-2030)

Chapter 11. MEA Market

  • 11.1. Overview
  • 11.2. Market Revenue, by Type (2019-2030)
  • 11.3. Market Revenue, by Application (2019-2030)
  • 11.4. Market Revenue, by Technology (2019-2030)
  • 11.5. Market Revenue, by Country (2019-2030)

Chapter 12. U.S. Market

  • 12.1. Overview
  • 12.2. Market Revenue, by Type (2019-2030)
  • 12.3. Market Revenue, by Application (2019-2030)
  • 12.4. Market Revenue, by Technology (2019-2030)

Chapter 13. Canada Market

  • 13.1. Overview
  • 13.2. Market Revenue, by Type (2019-2030)
  • 13.3. Market Revenue, by Application (2019-2030)
  • 13.4. Market Revenue, by Technology (2019-2030)

Chapter 14. Germany Market

  • 14.1. Overview
  • 14.2. Market Revenue, by Type (2019-2030)
  • 14.3. Market Revenue, by Application (2019-2030)
  • 14.4. Market Revenue, by Technology (2019-2030)

Chapter 15. France Market

  • 15.1. Overview
  • 15.2. Market Revenue, by Type (2019-2030)
  • 15.3. Market Revenue, by Application (2019-2030)
  • 15.4. Market Revenue, by Technology (2019-2030)

Chapter 16. U.K. Market

  • 16.1. Overview
  • 16.2. Market Revenue, by Type (2019-2030)
  • 16.3. Market Revenue, by Application (2019-2030)
  • 16.4. Market Revenue, by Technology (2019-2030)

Chapter 17. Italy Market

  • 17.1. Overview
  • 17.2. Market Revenue, by Type (2019-2030)
  • 17.3. Market Revenue, by Application (2019-2030)
  • 17.4. Market Revenue, by Technology (2019-2030)

Chapter 18. Spain Market

  • 18.1. Overview
  • 18.2. Market Revenue, by Type (2019-2030)
  • 18.3. Market Revenue, by Application (2019-2030)
  • 18.4. Market Revenue, by Technology (2019-2030)

Chapter 19. Japan Market

  • 19.1. Overview
  • 19.2. Market Revenue, by Type (2019-2030)
  • 19.3. Market Revenue, by Application (2019-2030)
  • 19.4. Market Revenue, by Technology (2019-2030)

Chapter 20. China Market

  • 20.1. Overview
  • 20.2. Market Revenue, by Type (2019-2030)
  • 20.3. Market Revenue, by Application (2019-2030)
  • 20.4. Market Revenue, by Technology (2019-2030)

Chapter 21. India Market

  • 21.1. Overview
  • 21.2. Market Revenue, by Type (2019-2030)
  • 21.3. Market Revenue, by Application (2019-2030)
  • 21.4. Market Revenue, by Technology (2019-2030)

Chapter 22. Australia Market

  • 22.1. Overview
  • 22.2. Market Revenue, by Type (2019-2030)
  • 22.3. Market Revenue, by Application (2019-2030)
  • 22.4. Market Revenue, by Technology (2019-2030)

Chapter 23. South Korea Market

  • 23.1. Overview
  • 23.2. Market Revenue, by Type (2019-2030)
  • 23.3. Market Revenue, by Application (2019-2030)
  • 23.4. Market Revenue, by Technology (2019-2030)

Chapter 24. Brazil Market

  • 24.1. Overview
  • 24.2. Market Revenue, by Type (2019-2030)
  • 24.3. Market Revenue, by Application (2019-2030)
  • 24.4. Market Revenue, by Technology (2019-2030)

Chapter 25. Mexico Market

  • 25.1. Overview
  • 25.2. Market Revenue, by Type (2019-2030)
  • 25.3. Market Revenue, by Application (2019-2030)
  • 25.4. Market Revenue, by Technology (2019-2030)

Chapter 26. Saudi Arabia Market

  • 26.1. Overview
  • 26.2. Market Revenue, by Type (2019-2030)
  • 26.3. Market Revenue, by Application (2019-2030)
  • 26.4. Market Revenue, by Technology (2019-2030)

Chapter 27. South Africa Market

  • 27.1. Overview
  • 27.2. Market Revenue, by Type (2019-2030)
  • 27.3. Market Revenue, by Application (2019-2030)
  • 27.4. Market Revenue, by Technology (2019-2030)

Chapter 28. Competitive Landscape

  • 28.1. List of Market Players and their Offerings
  • 28.2. Competitive Benchmarking of Key Players
  • 28.3. Product Benchmarking of Key Players
  • 28.4. Recent Strategic Developments

Chapter 29. Company Profiles

  • 29.1. Amazon Web Services Inc.
    • 29.1.1. Business overview
    • 29.1.2. Product and service offerings
    • 29.1.3. Key financial summary
  • 29.2. PayPal Holdings Inc.
    • 29.2.1. Business overview
    • 29.2.2. Product and service offerings
    • 29.2.3. Key financial summary
  • 29.3. MasterCard Incorporated
    • 29.3.1. Business overview
    • 29.3.2. Product and service offerings
    • 29.3.3. Key financial summary
  • 29.4. Visa Inc.
    • 29.4.1. Business overview
    • 29.4.2. Product and service offerings
    • 29.4.3. Key financial summary
  • 29.5. Samsung Electronics Co. Ltd.
    • 29.5.1. Business overview
    • 29.5.2. Product and service offerings
    • 29.5.3. Key financial summary
  • 29.6. Alipay
    • 29.6.1. Business overview
    • 29.6.2. Product and service offerings
  • 29.7. Google LLC
    • 29.7.1. Business overview
    • 29.7.2. Product and service offerings
  • 29.8. Apple Inc.
    • 29.8.1. Business overview
    • 29.8.2. Product and service offerings
    • 29.8.3. Key financial summary
  • 29.9. American Express Company
    • 29.9.1. Business overview
    • 29.9.2. Product and service offerings
    • 29.9.3. Key financial summary
  • 29.10. Bharti Airtel Limited
    • 29.10.1. Business overview
    • 29.10.2. Product and service offerings
    • 29.10.3. Key financial summary
  • 29.11. Tencent Holdings Limited
    • 29.11.1. Business overview
    • 29.11.2. Product and service offerings
    • 29.11.3. Key financial summary
  • 29.12. AT&T Inc.
    • 29.12.1. Business overview
    • 29.12.2. Product and service offerings
    • 29.12.3. Key financial summary
  • 29.13. One Mobikwik Systems Limited
    • 29.13.1. Business overview
    • 29.13.2. Product and service offerings
    • 29.13.3. Key financial summary
  • 29.14. Paytm
    • 29.14.1. Business overview
    • 29.14.2. Product and service offerings
    • 29.14.3. Key financial summary
  • 29.15. Skrill Limited
    • 29.15.1. Business overview
    • 29.15.2. Product and service offerings

Chapter 30. Appendix

  • 30.1. Abbreviations
  • 30.2. Sources and References
  • 30.3. Related Reports
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+32-2-535-7543

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Christine Sirois

Manager - Americas

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