Digital Wallet Statistics

Last updated: July 23, 2025

Highlights. There are over 4.3 billion digital wallet* users in the world.

  • 57% of U.S. adults use digital wallets as of 2024. 
  • In 2024, 32% of point-of-sale transactions globally were made using digital wallets, more than any other payment type.
  • Digital wallets led in online purchases globally, capturing 53% of transactions in 2024.
  • In 2024, the global total value of digital wallet transactions was $10 trillion.
  • The global mobile payment market was worth an estimated $121.3 billion in 2025.

*Digital wallets, mobile wallets, and mobile payments are often used interchangeably, but each term is slightly different. Each statistic in this article specifies which term it refers to.

Pie Chart: Digital Wallet Use 2023; % of consumers using digital wallets vs. traditional payment methods according to Forbes

Digital Wallet Statistics

53% of Americans used digital wallets more frequently than traditional payment methods in 2023; 64% used digital wallets at least as often. 

  • Of Americans using digital wallets in 2023, 69% used PayPal the most. 
  • 56% used Google Pay the most, 53% preferred Apple Pay, and 52% preferred Samsung Pay.
  • 43% of users had two or more bank accounts linked to their digital wallets; 33% had at least two debit or credit cards linked. 
  • In 2023, 72% of Americans considered adopting digital wallets as their primary payment method for shopping. 
  • Americans between 18 and 26 years old are most likely to use digital wallets, with 91% using them as their primary payment method for shopping in 2023. 
  • 59% of Americans 27 to 42 years old used digital wallets more than other shopping methods in 2023; 50% of Americans aged 43 to 58 preferred digital wallets.

Line Graph: Leading North American eCommerce Payment Methods by to share of payments according to FIS

Digital Wallet User Statistics

A digital wallet stores credit, debit, and loyalty card details for use online; a mobile wallet is any digital wallet that can be used on a mobile device or for proximity payments.

  • In 2024, there were 4.3 billion digital wallet users in the world or 52.9% of the global population.
  • By 2029, the number of global digital wallet users is expected to grow by 35% to reach 5.8 billion, or over 68% of the global population.
  • In 2023, India led in digital wallet adoption with 90.8% of consumers, followed by major markets like Indonesia with 89.8%, Thailand with 89.0%, and the U.S. with 46.7%. 
  • 111.8 million or 44.9% of U.S. smartphone owners used proximity mobile payments in 2024.
  • By 2028, 132.6 million Americans, or 50.2% of smartphone users, are expected to use proximity mobile payments.
  • In 2021, China led in point of sale (POS) digital wallet adoption with 87.3% of smartphone users making proximity mobile payments, up from 81.1% in 2019.

100% Stacked Bar Graph: Frequency of Use aMong Digital Wallet Users according to Morning Consult

Digital Wallet Transaction Statistics

Digital wallet transaction volumes are growing, both online and in physical stores.

  • In 2024, the global total value of digital wallet transactions was $10 trillion.
  • By 2029, the global total value of digital wallet transactions is expected to grow by 70% to exceed $17 trillion.
  • In 2025, mobile payments through QR codes are projected to total $5.4 trillion; by 2025, this is expected to rise by 48% to over $8 trillion. 
  • QR codes are predicted to be the most popular type of digital wallet transaction globally, with an estimated 48.6% of all transactions by volume.
  • In 2022, the average mobile wallet transaction was worth $92.50, compared to $95.10 for credit cards, $82.00 for debit cards, and $61.20 for cash.
  • Consumers using credit cards spend 2.8% more on average than those using digital wallets; digital wallet users spend 12.8% more on average than debit card users and 51.1% more than cash users.
  • U.S. mobile payment users each spent an estimated average of $3,693 with this payment method in 2024, an 87.0% increase from 2020.

Bar Graph: US Proximity Mobile Payment Users from 2024 (111.8 milllion), with projections from 2025 (117.3 million) to 2028 (132.6 million) according to eMarketer

Mobile Payment Market Statistics

Mobile payments are purchases made through a mobile wallet using an NFC-capable phone.

  • In 2024, the global mobile payment market was valued at $88.5 billion.
  • The global mobile payment market is expected to expand at a CAGR of 38.0% from 2025 to 2030, reaching $587.5 billion in 2030.
  • Mobile payments had a 23.8% global revenue share in 2024. 
  • In 2024, the Asia-Pacific region made up the largest share of the mobile wallet market with a 35.4% revenue share.
  • U.S. consumers used proximity mobile payments to make purchases totaling $670.5 billion in 2024. 
  • The U.S. proximity mobile payment transaction value is expected to exceed $1 trillion in 2027.

Grouped Bar Graph: Global Leading Point of Sale Payment Methods from 2024 and projections for 2030 according to FIS

Digital Wallet Market Share Statistics

The leading digital wallet varies widely by region and country. Consumers who use digital wallets often use more than one. 

  • Apple Pay is the leading digital wallet in the U.S. with a 38% market share. 
  • PayPal has a 28% share of the U.S. digital wallet market, while Google Pay has a 15% market share.
  • 88% of Apple Pay users said they also use PayPal. 89% of Google Pay, Cash App, and Venmo users said the same.
  • PayPal was used by 71% of U.S. adults in 2023. 
  • Globally, Alipay leads with 650 million users, followed by WeChat Pay with 550 million and Apple Pay with 507 million in 2022.
  • 19.1% of the world’s digital wallet users use Alipay, followed by 16.2% using WeChat Pay and 14.9% using Apple Pay. 
  • In 2025, PayPal saw the most use in Germany, Austria, and Italy with 56%, 40%, and 40% of consumers respectively.
  • Apple Pay led in 2024 U.K. mobile payments with 63% of digital wallet users, 75.0% PayPal’s user share, which was only 36%.
  • Google Pay led in 2025 Indian mobile payments, with 54% of consumers using it, more than double its penetration in any other country.

Grouped Bar Graph: Global Leading eCommerce Payment Methods from 2024 and projections for 2030 according to FIS

Consumer Digital Wallet Preference Statistics

The convenience of digital wallets continues to draw new users.

  • Globally, consumers are 165% more likely to use a digital wallet than any other form of online payment.
  • 20% of digital wallet users in the U.S. regularly leave home without a physical wallet.
  • From 2021 to 2022, the share of Americans who were concerned about the security of mobile wallets decreased from 25% to 21%.
  • 80.6% of digital wallet users in the U.S. prefer digital wallets due to their speed; 76.9% prefer them due to their overall convenience.
  • 40% of U.S. users fund their digital wallets using a credit card, while 25% use a debit card.
  • 53.3% of mobile wallet users had last used their mobile wallet to purchase groceries, while 20.6% had used it for fast food and 19.6% for gas.
  • 69.3% of Americans aged 18 to 28 and 73.7% of those aged 29 to 44 make payments using digital wallets, compared to just 30% of those over 60.
  • 51% of digital wallet users have stopped shopping with a merchant that only accepted traditional payment methods. 
  • 47% of Americans report spending more with digital wallets than with physical cards or cash.

Bar Graph: U.S. Digital Wallet Usage by Birth Year including 1997 to 2012 (69%), 1981 to 1996 (73%), 1965 to 1980 (56%) and 1979 or earlier (30%) according to PYMNTS.com

Digital Wallet Market Penetration Statistics

Digital wallet use in-store and online varies widely by country but is steadily rising worldwide.

  • In 2024, 53% of global online purchases were made using digital wallets, more than twice the 20% captured by the runner-up, credit cards.
  • 32% of global POS purchases in 2024 were made using digital wallets, slightly higher than the 25% captured by credit cards.
  • By 2030, 65% of global online payments and 45% of global POS payments are expected to be made through digital wallets.
  • From 2024 to 2030, global digital wallet use is predicted to grow at a compound annual growth rate (CAGR) of 8% online and 4% at POS.
  • In the United States, 39% of online transactions and 16% of POS transactions are made using digital wallets.
  • Globally, digital wallet use is projected to increase by a total of 23% online and 41% at POS from 2024 to 2030.
  • In 2022, China led in contactless payment terminals at POS with 46.8 million units or more than double the United States, which had 23 million terminals.

Bar Graph: Top 10 Countries in Digital Wallet Adoption by consumer penetration rate according to Statista

Digital Wallet North America Penetration

Although North America is the slowest of the world’s largest markets to adopt digital wallets, their use is still steadily increasing.

  • In North America in 2024, 41% of all POS payments were made with credit cards, 156% more than the 16% made with digital wallets.
  • By 2030, credit card use in North American POS payments is expected to decline to 33%; digital wallet use will increase to 29%. 
  • Also in 2024, 39% of North American online payments were made with digital wallets, just over the 32% made with credit cards.
  • By 2030, digital wallets will solidify their lead over credit cards in North American online payments, rising to capture 52% of transactions online as credit card use drops to 22%.

Digital Wallet Asia-Pacific Penetration

The Asia-Pacific (APAC) market has the widest adoption of digital wallets of any region, particularly in online payments.

  • 54% of POS payments in APAC countries in 2024 were made through digital wallets, triple (or 200% greater) the 18% of payments made with credit cards.
  • By 2030, 65% of APAC POS payments are expected to be made through digital wallets, while credit cards are expected to fall to 13%. 
  • 74% of APAC online payments in 2024 were made through digital wallets, compared to 12% made using the runner-up, credit cards.
  • By 2030, digital wallets are expected to capture 80% of APAC online payments, while credit cards are expected to fall to 7%.

Digital Wallet Europe Penetration

Despite slow initial POS adoption, digital wallet use in Europe is expected to continue growing.

  • In Europe in 2024, debit cards led with 42% of POS payments, while digital wallets captured only 14%. 
  • Also in 2024, digital wallets led in European online payments with 33% of transactions.
  • By 2030, digital wallet use at POS and online is expected to grow to 27% and 46% respectively.

Digital Wallet Latin America Penetration

Digital wallet use is rapidly growing in Latin America and is expected to surpass cash in POS transactions by 2030.

  • In 2024, cash led in Latin American POS payments, accounting for 25% of transactions, nearly double the 13% captured by digital wallets.
  • Online, credit cards led in 2024 Latin American payments, capturing 30% of transactions, 36% more than the 22% captured by digital wallets.
  • By 2030, digital wallet use in Latin America is predicted to grow to 23% at POS and 29% online, making it the 2nd most popular payment method in both channels.

Digital Wallet Middle East-Africa Penetration

Cash and debit still dominate in the Middle East and Africa, but digital wallet use is expected to grow to match by 2030.

  • Cash led in 2024 POS payments in the Middle East and Africa, capturing 28% of payments, 33% more than the 21% of transactions made with digital wallets.
  • Digital wallets were used in 27% of 2024 online payments in the Middle East and Africa, followed by debit cards with 22% of online transactions.
  • By 2030, Middle East and Africa digital wallet use is expected to increase to 39% of online transactions and 35% of POS transactions.

Cryptocurrency Digital Wallet Statistics

Cryptocurrency wallets store cryptocurrency similarly to digital wallets. By interfacing with businesses or financial services that accept cryptocurrency, they can function as digital wallets.

  • In 2022, there were 85 million unique wallets on Blockchain.com, a popular crypto wallet provider.
  • This represented a user increase of 28.4% from 66.2 million in 2021 and 108% from 40.9 million in 2019.
  • 17% of Americans have ever invested in or used cryptocurrency and 61% of those currently hold any cryptocurrency.

These data and insights were compiled by the Capital One Shopping team based on publicly available data.

Sources

  1. Juniper Research
  2. Morning Consult
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