![]() Let’s discuss what these are, below: Types of eWallet Apps To add a face to it, some popular examples are, Apple Pay, Google Pay, and Samsung Pay.Įach digital wallet application is its unique offering, but depending on its general function and core working, they can be divided into a few solid categories. Known as digital wallets, mobile wallets, or payment apps, these mobile applications let users transfer funds (even internationally), manage bank accounts, carry virtual cards, pay bills, apply for financial products, and much more. So, what are eWallet apps? You can look at it as a virtual version of your physical wallet but it’s better. Digital Wallet Transaction Projected To Reach $16 Trillion by 2028ĭigital wallet applications are being used like anything even today, but if you look at the latest research, we will see something amazing in the future.Īs per Juniper Research, based on industrial data, the digital wallet will be responsible for transactions worth $16 Trillion by 2028. The United States of America, to be specific.Īs per the data-driven forecast, the use of these apps will double between 20, showing the amazing growth rate of the market and demand for eWallet apps. Use of Popular eWallet Apps like Apple Pay & Google Pay to Double by 2025Īpps like Apple Pay, Google Pay, & Samsung Pay are pretty popular in North America i.e. If we are to believe Juniper Research, by 2025, the total number of mobile app users will reach 4 billion. ![]() Want to know why you should develop an eWallet app like PayPal? Well, this is a good one.Īround 2.8 Billion people were using the eWallet application back in the year 2020. By 2025, There Will Be Over 4 Billion eWallet App Users Marketresearchfuture, shows this growth with CAGR 23.40%. If the market follows the same trajectory, it will hit $567.2 Billion by 2032. Now, boosted by new technologies and developments, Statista claims the global market will reach $10 trillion by 2026 eWallet App Market Size Forecasted To Reach $567.2 Billion By 2032Įven though eWallet is a niche in the digital payment industry as a whole, it is growing like anything.ĮWallet market size was around $85.6 Billion in 2022, fast forward to 2023, it reached 105.5 Billion. With the rise of mobile payment technology, paying digitally for in-store or online shopping has become that much easier.īack in 2020, the market for digital payment as a whole was worth around $4 trillion. To better understand this ragging market, let’s have a look at some eWallet app market statistics:ĭigital Payment Market To Hit $10 Trillion in 2026, From $4 Trillion in 2023 Revenue is rising, the numbers of users are going up every quarter, and eWallet applications are being used more and more. ![]() eWallet App Market StatisticsĮWallet App Statistics show amazing numbers in the eWallet industry that just keep growing. Let’s discuss everything related to how to develop eWallet. In this blog, we shall address the audience who are looking at it from the latter perspective. Apps like Venmo, PayPal, and Google Pay have changed the way we handle money.įrom a user’s perspective, one gets the ease of payment, the excitement of cashback and coupons, as well as security and convenience.īut when you look at digital wallet apps from a business perspective, you see Billions of Users, Endless Revenue, and a Market with so much potential. In recent years, fintech solutions like eWallet applications have become a household thing. Are you planning to develop an eWallet app?
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