In 2023, it is estimated that the global mobile wallet market will be worth US$ 9.5 billion. It is anticipated that this market will be valued at US$ 11.9 billion by the end of 2024. The global mobile wallet market is anticipated to grow at a rate of 27.80% CAGR during the forecast period, reaching a valuation of US$ 138.5 billion by 2034.
The main driving force of the global mobile wallet market is the rising need for contactless, secure, and seamless payment options. The steady expansion of the market is fueled by factors such as the rapid pace of digital transformation, the increasing use of smartphones, and a change in customer preferences toward easy, technologically advanced financial transactions.
