Highlights. Worldwide, 70% of consumers will have digital wallets* by 2030, up from 55% in 2025.
- 4.5 billion consumers used 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 13.4% average annual compound rate to total $29.8 billion in 2030.
- 58% of Americans use digital wallets as of 2025.
- 33% of point-of-sale transactions globally were made using digital wallets, more than any other payment type.
- The global mobile wallet market was worth an estimated $18.0 billion in 2026.
- In 2025, the global total value of digital wallet transactions was an estimated $11 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%.
- 117.3 million, or 46.5% of U.S. smartphone owners, used proximity mobile payments in 2025.
- 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 2025 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 56% of transactions in 2025.
- In 2026, mobile payments through QR codes are projected to total $5.4 trillion; by 2031, this is expected to rise by 66.8% to over $9 trillion.
- QR codes are predicted to be the most popular type of digital wallet transaction globally, with an estimated 43.7% of all transactions by volume.
Mobile Payment Market Statistics
Mobile payments are purchases made through a mobile wallet using an NFC-capable phone.
- In 2026, the global mobile payment market was valued at $158.1 billion.
- The global mobile payment market is expected to expand at a CAGR of 38.0%, 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 $796.7 billion in 2025.
- The U.S. proximity mobile payment transaction value is expected to exceed $1.2 trillion in 2028.
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.
- In 2026, PayPal saw the most use in Germany, Finland, and Australia with 50%, 41%, and 39% of consumers, respectively.
- Google Pay led in 2025 Indian mobile payments, with 54% of consumers using it, more than double its penetration in any other country.
- 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 39%.
Consumer Digital Wallet Preference Statistics
The convenience of digital wallets continues to draw new users.
- Globally, consumers are 180% 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 2025, 56% of global online purchases were made using digital wallets, more than twice the 20% captured by the runner-up, credit cards.
- 33% of global POS purchases in 2025 were made using digital wallets, slightly higher than the 24% captured by credit cards.
- By 2030, 63% of global online payments and 42% of global POS payments are expected to be made through digital wallets.
- From 2025 to 2030, global digital wallet use is predicted to grow at a compound annual growth rate (CAGR) of 3.0% online and 6.2% at POS.
- In the United States, 40% of online transactions and 17% of POS transactions are made using digital wallets.
- 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 2025, 41% of all POS payments were made with credit cards, 141% more than the 17% made with digital wallets.
- By 2030, credit card use in North American POS payments is expected to decline to 37%; digital wallet use will increase to 25%.
- Also in 2025, 39% of North American online payments were made with digital wallets, just over the 33% made with credit cards.
- By 2030, digital wallets will solidify their lead over credit cards in North American online payments, rising to capture 44% of transactions online as credit card use drops to 30%.
- 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.
- 62% of POS payments in APAC countries in 2025 were made through digital wallets, 377% greater than the 13% of payments made with credit cards.
- By 2030, 70% of APAC POS payments are expected to be made through digital wallets, while credit cards are expected to fall to 10%.
- 77% of APAC online payments in 2025 were made through digital wallets, compared to 11% made using the runner-up, credit cards.
- By 2030, digital wallets are expected to capture 84% 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 2025, debit cards led with 38% of POS payments, while digital wallets captured only 18%.
- Also in 2025, digital wallets led in European online payments with 38% of transactions.
- By 2030, digital wallet use at POS and online is expected to grow to 26% and 45%, 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 2025, credit cards led in Latin American POS payments, accounting for 25% of transactions, 56.3% more than the 16% captured by digital wallets.
- Online, credit cards led in 2025 Latin American payments, capturing 31% of transactions, 34.8% more than the 23% captured by digital wallets.
- By 2030, digital wallet use in Latin America is predicted to grow to 22% at POS and 30% online.
- 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.
- Debit cards led in 2025 POS payments in the Middle East and Africa, capturing 30% of payments, 11.1% more than the 27% of transactions made with digital wallets.
- Digital wallets were used in 34% of 2025 online payments in the Middle East and Africa, followed by debit cards with 19% 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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