Highlights. Worldwide, 70% of consumers will have digital wallets* by 2030, up from 55% in 2025.
- 4.5 billion consumers use digital wallets in 2025; digital wallet usership will grow to 5.2 billion in 2026.
- 69% of U.S. adults have used digital wallets at least once in the past 30 days.
- The global digital wallet market is expected to grow at a 28.3% average annual compound rate to a total $51.5 billion.
- 57% of Americans use digital wallets as of 2024.
- 32% of point-of-sale transactions globally were made using digital wallets, more than any other payment type.
- The global mobile payment market was worth an estimated $117.5 billion in 2025.
- In 2024, the global total value of digital wallet transactions was $10 trillion.
*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.
Digital Wallet Statistics
38% of Americans use digital wallets at least once per week, including 10% who use them daily.
- 42% of Americans use PayPal, making it the most popular digital wallet.
- 34% of consumers use Apple Pay, 33% use Venmo, 24% use CashApp, and 17% use Google Wallet.
- 28% of Americans consider Apple Pay their primary digital wallet, followed by PayPal at 19%.
- 28% of in-person point-of-sale (POS) payments in the U.S. are completed with digital wallets.
- 20% of Americans with digital wallets regularly leave home without a traditional physical wallet.
- 38% of all debit cards in the U.S. are linked to at least one digital wallet.
In-store vs. Online Digital Wallet Statistics
61% of Americans use digital wallets to shop online, and 38% use them to make purchases at physical stores.
- 31.2% of consumers use digital wallets in-store on a weekly basis, while 24.8% use them to shop online weekly.
- 11.8% of consumers used a mobile wallet for their most recent in-store purchase.
- Of Americans using digital wallets, 51.0% use Apple Pay in-store weekly, and 49.2% use Apple Pay online weekly.
- 41.0% of digital wallet holders frequently use PayPal in stores, and 44.8% use PayPal online.
- 32.1% use Cash App in-store, and 26.6% use it online regularly.
- Digital wallet users regularly use Google Pay in-store (28.5%) and online (29.8%).
- Americans born between 1981 and 1996 (also called Millennials) are most likely to use digital wallets, with 49.4% of consumers in this age group using them weekly for in-store purchases and 40.2% for online purchases.
- 43.2% of consumers born between 1997 and 2012 (Generation Z) use mobile wallets for weekly in-store purchases; 34.0% use them for weekly online purchases.
- Among consumers born between 1946 and 1964 (Baby Boomers), only 7.9% use digital wallets weekly in-store, and 6.2% use them online.
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 2025, there were 4.5 billion digital wallet users in the world or 54.9% of the global population.
- By 2030, the number of global digital wallet users is expected to grow by 35% to reach 6.0 billion, or over 70% 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 POS digital wallet adoption with 87.3% of smartphone users making proximity mobile payments, up from 81.1% in 2019.
Digital Wallet Transaction Statistics
Digital wallet transaction volumes are growing, both online and in physical stores.
- Projections indicate the global digital wallet transaction volume will surpass $17 trillion by 2029.
- 11.2% is the projected compound annual growth rate (CAGR) for digital wallet transaction volumes from 2024 to 2029.
- Global digital wallet transaction value growth is projected to total 73% over five (5) years.
- Digital wallets led in online purchases globally, capturing 53% of transactions in 2024.
- 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.
- 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.
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.
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.
- In 2025, PayPal saw the most use in Germany, Italy, and Austria, with 53%, 40%, and 38% of consumers, respectively.
- Apple Pay led in 2024 U.K. mobile payments with 63% of digital wallet users, 61.5% larger than PayPal’s user share, which was only 39%.
- Google Pay led in 2025 Indian mobile payments, with 11% of consumers using it, more than double its penetration in any other country.
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.
- 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.
- 42% of consumers are concerned about the security of digital wallets.
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 3.5% online and 5.8% 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.
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%.
- From 2025 to 2029, mobile wallet transaction volume in North America is expected to increase by 21.8% annually.
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%.
- From 2025 to 2029, mobile wallet transaction volume in Asia is expected to increase by 19.7% annually.
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.
- From 2025 to 2029, mobile wallet transaction volume in Europe is expected to increase by 21.7% annually.
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.
- From 2025 to 2029, mobile wallet transaction volume in North America is expected to increase by 26.3% annually.
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.
- From 2025 to 2029, mobile wallet transaction volume in the Middle East and Africa is expected to increase by 19.6% annually.
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 2025, there were 94 million unique wallets on Blockchain.com, a popular crypto wallet provider.
- This represented a user increase of 42% from 66.2 million in 2021 and 130% 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
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- Morning Consult
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