How big is the Mobile Payment Market | Size, Share & Growth Insights 2025

Q: How big is the mobile payment market size?

The mobile payment market is projected to reach USD 4300 billion by 2031.

Q: What is the CAGR of the mobile payment market?

The mobile payment market is projected to grow at a CAGR of 5.20% from 2025 to 2031.

Q: Which industries are adopting mobile payments most rapidly?

Retail, transportation, hospitality, and financial services are key sectors adopting mobile payments.

Q: What are the key technologies enabling mobile payment growth?

NFC, biometric authentication, blockchain, and QR code scanning are major technological enablers.

Q: Which regions are leading in mobile payment adoption?

Asia-Pacific and China, leads in both volume and innovation of mobile payments.

Q: How does 6W market outlook report help businesses in making decisions?

6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.

Q: Do you also provide customisation in the market study?

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Code: MTA7563

Publication Date: Aug 2025

How big is the mobile payment market?

According to 6Wresearch internal database and industry insights, the Global Mobile Payment Market was valued at USD 2200 Billion in 2024 and is expected to reach USD 4300 Billion by 2031, growing at a compound annual growth rate of 5.20% during the forecast period (2025-2031).

The market is expanding as more people use smartphones, contactless transactions are becoming more and more common, and the banking and retail sectors are becoming more digitally transformed. In both developed and emerging countries, government initiatives promoting fintech innovation and digital payments are also accelerating market growth.

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Growth Factors for Mobile Payment Market

Worldwide expanding e-commerce and mobile shopping trends
Government backing for cashless and digital economies
Growing usage of near-field communication (NFC) and QR code-based payments
Internet and smartphone usage is rising in both urban and rural areas.
Mobile wallets combined with AI, machine learning, and biometrics
Strategic alliances between telecoms, fintech companies, and banks

Mobile Payment Market Trends

The Mobile Payment Market is experiencing a shift toward biometric authentication for secure transactions and super apps that combine payments, shopping, and financial services. Peer-to-peer (P2P) transfers are rising rapidly, and cross-border mobile payments are gaining ground due to globalization. Due to improved point-of-sale (POS) integration, digital wallets are becoming more and more popular among small businesses and even in physical retail.Â

Emerging Developments in the Mobile Payment Market

Voice-activated payments and tokenization technologies are being invested in by emerging developments in the Mobile Payment Market in order to improve transaction security. Solve connectivity concerns, offline payment methods such as soundwave and Bluetooth-based transfers are becoming more popular. Startups are building financial inclusion platforms through mobile payments in unbanked regions. Subscription-based payment models and automated billing systems are gaining popularity, especially in utility and OTT services.

List of Leading Companies in the Mobile Payment Market

Below is a comprehensive list of the leading market players driving growth in this sector:

1. Apple Inc.

Company Name	Apple Inc.
Established Year	1976
Headquarters	California, United States
Official Website	*Click Here*

Apple Inc. offers Apple Pay, a widely adopted contactless payment solution integrated into iOS devices. It enables secure in-store, in-app, and online transactions through Face ID, Touch ID, or passcode authentication.

2. Samsung Electronics Co., Ltd.

Company Name	Samsung Electronics Co., Ltd.
Established Year	1938
Headquarters	Suwon, South Korea
Official Website	*Click Here*

Samsung Electronics operates Samsung Pay, a mobile wallet combining NFC and MST technologies for wider compatibility, allowing payments on both modern and traditional card terminals.

3. Google LLC

Company Name	Google LLC
Established Year	1998
Headquarters	California, United States
Official Website	*Click Here*

Google LLC provides Google Pay, used for tap-to-pay services, online mobile transactions, and peer-to-peer payments, with strong integration into Android devices and Google services.

4. PayPal Holdings, Inc.

Company Name	PayPal Holdings, Inc.
Established Year	1998
Headquarters	California, United States
Official Website	*Click Here*

PayPal Holdings supports mobile-based person-to-person (P2P) payments and merchant solutions through its app, enabling secure domestic and international money transfers.

5. Square, Inc. (Block Inc.)

Company Name	Square, Inc. (Block Inc.)
Established Year	2009
Headquarters	California, United States
Official Website	*Click Here*

Square, now Block Inc., enables small businesses to accept mobile payments via POS systems, contactless cards, and smartphone-based transactions, supporting omnichannel payment solutions.

6. Adyen N.V.

Company Name	Adyen N.V.
Established Year	2006
Headquarters	Amsterdam, Netherlands
Official Website	*Click Here*

Adyen N.V. provides unified commerce and mobile payment solutions for global merchants, supporting in-app, in-store, and mobile web payments with real-time transaction analytics.