As we catapult further into the digital age, a modern marvel shaping the way we transact is mobile payments. These quick, secure, and contactless methods of payment are progressively defining the future of commerce. In this blog post, we delve into the intricate world of mobile payments, uncovering the latest industry statistics, analyzing trends, and unearthing predictions. Whether you are a business owner who wants to understand more about mobile payment integrations, a tech enthusiast eager to keep pace with digital advancements, or a curious consumer seeking to understand how these digital wallets affect your day-to-day transactions, this comprehensive guide will offer an enlightening plunge into the swirling currents of mobile payment statistics.

The Latest Mobile Payments Industry Statistics Unveiled

Mobile payments are projected to surpass $12 trillion by 2027 globally.

Projected to skyrocket beyond the $12 trillion mark by 2027 on a global scale, this exceptional leap in mobile payments paints a picture of a future embedded not just in technology, but in the ubiquity of financial freedom at our fingertips. Within the digital mosaic of the mobile payments industry statistics, such an astronomical sum underlines the significance, drawing a vibrant highlight on the explosive growth potential of this sector. Sailing through the crystal ball of future trends, it provides an impressive backdrop of context to our analysis, demonstrating how profoundly the world’s pockets could bulge with the impact of mobile transactions.

In 2020, the global mobile payment market size was valued at $1.48 trillion.

This striking piece of data unveils the staggering magnitude of the global mobile payment market in 2020, reflecting a captivating reality of our digitized world. This $1.48 trillion valuation underlines the weight and significance that mobile payments hold within today’s economy. It provides a point of reference, a colossal backdrop against which the intricacies of Mobile Payments Industry Statistics can be better understood, assessed, and appreciated. From industry trends to market forecasts, every piece of statistic gains new meaning when viewed through the lens of this mighty economic powerhouse.

By 2025, it is predicted that the number of mobile payment users will reach over 2.5 billion across the globe.

As we unveil the future of mobile transactions in the blog post about Mobile Payments Industry Statistics, one cannot help but marvel at the projected rise to an astounding 2.5 billion mobile payment users worldwide by 2025. This prediction paints a picture of a rapidly evolving landscape in mobile payments, setting a thrilling stage for the next wave of digital innovation. It’s more than just a statistic, it’s a signal of a technological tide carrying every industry towards a more digitised version of itself. When peering at this predicted elevation in usage, the global demand for convenience and speed in financial transactions becomes implausibly clear. It underscores the gigantic opportunities awaiting businesses that actively embrace and adapt to mobile payment technology, while serving as a cautionary note on the fate of those who lag behind in this digital revolution. Indeed, this forward-facing statistic is an essential thread in the fabric of our narrative about the booming Mobile Payment Industry.

As of 2020, Fortnite had the highest in-app mobile payment spending among mobile apps, with around $1.2 billion spent in player transactions.

Highlighting the massive $1.2 billion spent in Fortnite’s player transactions in 2020 sheds light on the dynamic, thriving landscape of the mobile payments industry. This number serves as a vibrant illustration of the economic prowess of the mobile gaming sector, with its in-app purchases and microtransactions, in the broader context of the mobile payments world. The figure underscores the magnitude of consumer willingness to spend within mobile applications, thereby emphasizing the importance of continuing to adapt and innovate in the realm of mobile payments. Furthermore, the Fortnite statistic underlines the potential financial opportunities available for industry stakeholders, inspiring app developers and marketers to rethink their strategies and seek new avenues of profit in the age of mobile transactions.

China leads the world in mobile payment transactions with its transaction volume reaching $55.63 trillion in 2020.

By delving into the gargantuan figure of $55.63 trillion, we can truly appreciate the influence of China in the mobile payments sector. Dominating the global landscape, China brilliantly illustrates the scope and potential of the mobile payments industry. Its impressive transaction volume stands as a towering beacon for other nations, providing insight and direction for their own digital payment evolution. Consequently, this figure is vitally important to discuss in a blog about Mobile Payments Industry Statistics as it reflects not only the grand scale of this industry but also its depth in everyday transactions and how it is transforming economies, starting with a global powerhouse like China.

The market share of Apple Pay users in the United States is expected to reach 33.8 percent in 2021.

In a blog post about Mobile Payments Industry Statistics, the anticipated rise to 33.8 percent in Apple Pay’s user market share in the United States serves as a significant beacon. Its importance lies in its symbolism of the tangible expansion and acceptance of mobile payment systems. Shaped by Apple Pay’s proliferation, the mobile payment landscape is projected to undergo substantial transformations. This statistic not only underscores Apple Pay’s growing dominance but also may spur competitive innovations, define future market trends, and ultimately, shape the user experiences in the burgeoning digital payment sphere.

67% of Millennials now use mobile wallets in 2020.

Tapping into the vein of the Mobile Payments Industry, the pulsating 67% of Millennials using mobile wallets in 2020 is a testament to mobile payment’s sweeping prominence. It encapsulates the shifting tide of payment proceedings, where the digital platform has begun to overshadow its traditional counterparts. Coupled with millennial’s technological acumen, this fact paints a potent picture of the future. Consider this: the millennial generation, vital for the economic dynamism, heavily leans on mobile transactions, thereby fuelling the industry’s thriving heartbeat. It’s an eye-opening nod towards the burgeoning use and acceptance of mobile payments, critical for anyone investing time, money, or resources into this industry. So, as the winds of change continue to blow, capturing the essence of this evolution becomes crucial. Undoubtedly, the millennials’ reliance on mobile wallets poses a exciting scenario for the evolution of e-commerce and evolution of mobile payment solutions, driving the industry towards a future primed for digital transformation.

Google Pay had 67 million active users in India as of September 2020.

Undeniably, the mention of ‘Google Pay boasting 67 million active users in India as of September 2020’ serves as a testament to the burgeoning clout of the mobile payments industry. It graphically illustrates the shifting paradigms in the industry wherein consumers are opting more and more for the convenience, speed and security offered by such mobile payment systems. Furthermore, it emphasizes the transformative potential of digital wallets in emerging economies like India and their possibility of becoming a dominant payment mode in the future. Integrating this statistic in a post about Mobile Payments Industry Statistics would definitely add value, context, and depth. It would provide readers with a tangible understanding of the current adoption rates and future trends in the industry.

The percentage of mobile payment users among US digital device users reached 51.3% in 2020.

Highlighting the sheer velocity of the Mobile Payments Industry’s growth, the information unfurls a compelling deduction – more than half of all digital device users in the US have migrated to mobile payments by 2020. A crystalline reflection of the sea-change in consumer behavioral patterns, the statistic underscores just how mainstream, and thereby influential, mobile payments have become. It reaffirms the potent command of this financial technology within the marketplace, serving as a pulsating metric that every industry-participant, investor and analyst should keep an eye on. This figure’s escalation may be the linchpin for businesses to refocus, recalibrate, and reappraise their strategies, marking the burgeon of a customer-driven revolution in payments.

The mobile payments market in Sub-Saharan Africa is now processing more than $500 billion annually.

Illuminating the magnitude and potential of the mobile payments market within Sub-Saharan Africa, this data, which represents an impressive $500 billion per annum processing capacity, underscores the substantial role of this region in the global mobile payments landscape. In the context of a blog post dedicated to mobile payment industry statistics, it provides a firm grounding in acknowledging the integral place of this region. It further necessitates an understanding and a thorough examination of the factors driving such considerable transaction volumes, which could spark insightful discussions around affordability, accessibility of mobile technology, and the regulatory environment in Africa. This significant market volume is not just an interesting statistic, it’s also a testament to the transformative power of mobile payments in accelerating financial inclusion and economic growth in Sub-Saharan Africa.

Consumer adoption of mobile payment apps increased by 50% in 2020.

Unveiling such a staggering upsurge in consumer adoption of mobile payment apps in 2020, underpins a dramatic shift in the fiscal habits of consumers. This leap of a gigantic 50% undoubtedly illuminates an accelerating thirst for more seamless and contactless transactions in the consumer market. This transformation provides essential fuel for the mobile payments industry, pushing it further towards innovation and surpassing traditional payment methods. Given this exponential growth surge, it’s clear that the mobile payments landscape is not only expanding but is arguably becoming a dominant player in the global payments ecosystem, offering compelling insights for bloggers examining trends and forecasts within this vibrant industry.

72% of Kenya’s population use mobile payment channels like M-Pesa.

The revelation that a staggering 72% of Kenya’s populace utilize mobile payment channels such as M-Pesa works as a crucial anchor point in our expedition through Mobile Payments Industry Statistics. This fact not only spotlights the impressive penetration of mobile money solutions in Kenya but also erects Kenya as a breakthrough leader in the sector. It provides a compelling snapshot of the potential that mobile payments hold, especially in regions where traditional banking structures may not be as effective or accessible. This, thus, further bolsters the argument for investment and innovation in the mobile payments industry, acting as a catalyst for future trends and growth avenues it can explore.

Mobile payments to offline merchants in the U.S. totalled $503.6 billion in 2020.

The revelation of the astounding $503.6 billion mobile payments to offline merchants in the U.S. in 2020 uncloaks the colossal wave of revolution in the payments industry. It magnificently showcases the pivotal shift of consumers towards mobile payments, hence underlining the accelerating momentum of contactless transactions. Lighting up the trends canvas in the blog post, this figure accentuates the massive potential of mobile payment technology, thus making it impossible to ignore for innovators, retailers, or any stakeholder in the payments ecosystem. Equally, it gives them a clear sign to fast track adopting mobile payment solutions to stay abreast in this changing landscape.

Starbucks’ app is the most popular mobile payment system in the U.S., more than Apple Pay, Google Pay, and Samsung Pay.

Highlighting the supremacy of Starbucks’ app over giants like Apple Pay, Google Pay, and Samsung Pay takes center stage in painting a vivid image of the current command of the mobile payments industry. In this swirl of digits and percentages is the surprising revelation that a coffee company app holds the scepter, rather than the expected high-tech conglomerates. This shows the potential non-tech brands have in influencing payment trends, shaping the mobile payments landscape, whilst opening avenues for audience engagement and loyalty. It invites an intriguing discussion about the role of customer experience and rewards system in the rise of app-based payments, something to mull over while pondering the future trajectory of the mobile payment industry.

In Nigeria, there were 147.4 million mobile money transactions in 2019.

In the grand tapestry of mobile payments industry statistics, one cannot overlook the vivid strokes painted by Nigeria. A staggering 147.4 million mobile money transactions took place in this African nation in 2019. This is far from a stray detail but rather, it highlights Nigeria’s dynamic engagement with mobile monetary transactions. Nigeria’s statistic serves as a beacon, illuminating the growing prevalence and acceptance of mobile money transactions in emerging markets. It underscores the potential these markets hold for further expansion and exploration in the mobile payments industry.

The U.S. had the fastest mobile payment adoption rate in 2020, with a 29% increase in users.

Unraveling the potency of this statistic reveals a vivid illustration of the U.S. taking the lead in mobile payment adoption rates in 2020, accelerating by an impressive 29%. This surge in user numbers catapults the U.S. to the frontline of digital revolution, painting a bigger picture of the eager tendency of American consumers to embrace modern, secure, and swift payment solutions. This serves as a poignant testament to the vibrant growth of mobile payments in the U.S., portraying a fertile playground for existing providers and beckoning call for potential entrants in the mobile payments industry. With such noteworthy progress, mobile payment service providers are in the spotlight, challenged to keep innovating to retain and attract users. This enriching context sets the tone for in-depth analysis and discussion in our blog post about Mobile Payments Industry Statistics.

36% of U.S. merchants now accept mobile payments, up from 16% in 2018.

The impressive surge from 16% to 36% of U.S. merchants accepting mobile payments within a few years not only marks a significant shift in the payment landscape, but it also paints an intriguing picture of the future, especially for those within the mobile payments industry. This jump is a testament to the growing appeal of digital transactions, revealing an ongoing trend of consumers leaning towards mobile payment convenience and versatility. Moreover, the doubling of the figure echoes a wake-up call to remaining merchants who are yet to adopt this technology, highlighting the risk of lagging behind in this digital race. The statistic essentially showcases the boiling momentum within the mobile payment sector, waving a green flag for investors looking to find lucrative prospects, and highlighting an agile and tech-friendly consumer market.

The average transaction value per user in the Mobile POS Payments segment is projected to amount to $1,634.81 in 2023.

Weaving this valuable statistic into a blog post about Mobile Payments Industry Statistics enriches the reader’s comprehension of the projected progression of the industry. It offers a vivid peek into the potential monetary value each user is expected to contribute via mobile POS payments by 2023. This figure illuminates not just the increasing popularity of mobile payments, but also signifies the trust users have in the convenience and security of such transactions. This astute forecast helps in shaping the strategies for businesses gearing towards capturing this segment of the market. All these insights paint a robust picture of an industry marked by constant innovation and growth.


From the eye-opening statistics shared in this blog post, it is evident that the mobile payments industry is not just the future, but the present of financial transactions. The convenience and ubiquity of mobile payment platforms have led to staggering growth rates within the industry, transforming the way consumers and businesses interact. As the digitization trend continues to prevail, businesses must adapt and integrate mobile payment solutions to stay relevant and competitive in today’s marketplace. Similarly, consumers should be ready to embrace this change for a more efficient, secure and convenient financial transaction experience. The extensibility of mobile payments is limitless, and so are the opportunities if approached strategically. If these statistics are any indication, the mobile payments revolution is just getting started.


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