How Many People Use Android Pay

Mobile payments are used by more than 2 billion people globally, with millions more coming online each year.

In Republic of india, South-e Asia and South America, the younger generation has skipped the usual process of owning a credit or debit bill of fare, in favour of using mobile apps.

Adoption of mobile payments is weakest in developed nations, such as Federal republic of germany and France, which are finding it hard to ditch greenbacks and cards. In the US, Apple Pay is still not beingness used frequently in-store, despite over l million users signing up for the service.

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Exterior of Mainland china and Republic of india, most mobile payment solutions mimic regular card readers, which use near-field communication (NFC) to send digital payments to card readers. The mobile ecosystem in China was integrated far more rapidly into the real world and QR codes are the main course of payment solution.

Alibaba and Tencent, the two largest companies in the country, run the two primary payment services, AliPay and WeChat Pay.

AliPay is the default service for Alibaba's Tmall and Taobao, the 2 largest e-commerce platforms in the land. WeChat Pay is the default service for WeChat, the country'south most popular social app.

In India, there is a three way contest for market place share between Paytm, PhonePe and Google Pay. Paytm is the largest in terms of users and transactions, however, PhonePe and Google Pay procedure more than UPI payments.

Apple Pay and Google Pay are the two global payment solutions, with Samsung Pay a distant third. PayPal, which made its mark in the eBay era, has built a super-app to compete with Cash App and other new mobile payments solutions. PayPal as well owns Venmo.

Several regional mobile payments services have seen rapid growth in the past few years, including GrabPay (Due south-east asia), SadaPay (Pakistan), Mercado Pago and PicPay (Brazil).

College adoption of regional payment brands suggests that global brands, such as Apple and Google, may have a harder time in the near future exterior of ascendant markets, similar to how Uber struggled in Asia.

With mobile payment adoption expected to reach iv.8 billion past 2025, leaders in a specific country or region could run into remarkable revenue growth, peculiarly as a lot of these apps are heavily integrated into other financial services offered past the provider.

We have collected data and statistics on mobile payments. Read on beneath to find out more than.

Primal mobile payments statistics

Top mobile payments apps

Mobile payments app revenue

Mobile payments revenue reached $1.7 trillion in 2021 but is expected to tiresome down in 2022. Near of the acquirement is generated from the small interchange fees that each vendor charges per transaction.

Mobile payment app users

2020 added 300 million new mobile payment app users worldwide, a large dip in growth following the 600 million added in 2020. This was primarily due to the coronavirus pandemic, which led to vendors and customers not using as much cash to pay for things in store.

Mobile payments users past app

China'southward 2 mobile payments services are the most popular, despite only being popular in the abode country. Apple Pay is broadly popular in all countries where the iPhone is, merely has non seen much success in China.

Mobile payments app adoption by country

China has past far the highest adoption rate for mobile payments, with buskers to street food vendors to taxis all offering QR codes to pay. India is seeing a surge in adoption, with the same QR code usage. Germany and France have far lower adoption rates, partly due to the hesitation from banks and customers of mobile payments.

Mobile payments app market share (U.s.)

Apple Pay is the most popular mobile payments service in the US, with 43.nine million people having used it at least once. Starbucks is surprisingly second, with 31.2 million people using it in the US, more than Google Play.

Mobile payment TPV (U.s.)

For mobile payments that don't involve NFC, Zelle, a cooperative mobile app endemic by the big banks, is ahead of Venmo and Square in full payment book (TPV).

Mobile payments app market share (Prc)

AliPay and WeChat Pay are a duopoly in the mobile payments market in Communist china. AliPay is the primary service for Alibaba's e-commerce platforms, while WeChat Pay is default on WeChat and its thousands of mini-programs.

Mobile payments app market share (India)

Mobile payments are structured differently in India, with the National Bank of Bharat deploying a Unified Payments Interface, which has become i of the more pop means to transact through mobile. PhonePe and Google Pay lead in this market, however, Paytm is the largest payments service in the state by total transactions.