Turkey Digital Wallet market was valued at US$1,697.375 million in 2019. The country is one of the fastest-growing economies in the middle-eastern region and the digital wallet market in this country is expected to witness good growth over the forecast period. The market growth in this country is majorly attributed to increasing penetration of smartphones among people and improving access to a good internet connection which is favoring digitization of many functions which, earlier, were Read more...
The United States Digital Wallet market was valued at US$8,905.709 million in 2019. The early adoption of advanced technologies and the presence of major market players has significantly contributed to the market growth of digital wallets in this country. With the high usage of smartphones and penetration of fast internet connectivity are tremendously boosting the adoption of digital wallets in the U.S. People are increasingly leveraging the benefits of digital wallets including portabil Read more...
The United Kingdom Digital Wallet market was valued at US$6,227.048 million in 2019. This country accounts for a fairly large chunk of the Europe digital wallet market and is expected to continue being a key market for digital wallet vendors throughout the projected period. The market growth in this country is contributed to by the high penetration of smartphones, on account of the high disposable income of people. According to data from the World Bank Group, the Net National Income for Read more...
Spain Digital Wallet market was valued at US$1,213.629 million in 2019. Rising proliferation of smartphones and internet penetration is boosting the adoption of digital wallets in the country. According to the World Bank Data, the percentage of the population using the internet in Spain increased from 78.69 in 2015 to 86.12 in 2018. Although Spain lags behind other leading European e-commerce markets such as Germany and France, the market does show positive signs of growth. With growing Read more...
South Korea Digital Wallet market was valued at US$1,228.482 million in 2019. The market of digital wallet is booming rapidly in South Korea on account of the high penetration rate of smartphones as well as the availability of high-speed internet in the country.According to the Bank of Korea, only about 20 percent of payments are made using cash in this country as South Koreans are increasingly switching to digital wallets and mobile apps to pay for goods and services for both online and Read more...
Saudi Arabia Digital Wallet market was valued at US$946.844 million in 2019. The Kingdom of Saudi Arabia is one of the most advanced and one of the fastest-growing economies in the middle east. The market growth in this country is majorly being driven by the rapid growth of e-commerce in this country. With a contribution of more than 15% to the country’s GDP, the e-commerce sector in this country is showing very rapid growth. In conjunction to this, the low dependency of people on Read more...
Mexico Digital Wallet market was valued at US$458.879 million in 2019. Amajority of Mexicans still prefer to pay with cash for rent, transportation, utilities, telephone, and even fines and taxes. According to the National Financial Inclusion Survey (ENIF) 2018, between 87 and 95 percent of these operations were paid with notes and coins in Mexico. However, with the technological revolution, rising use of smartphones, and growing penetration of internet connectivity, mobile payment Read more...
South America Digital Wallet market was valued at US$4,959.383 million in 2019. The region is experiencing a substantial rise in the number of smartphone users as well as growing penetration of the internet in countries like Brazil and Argentina. With this, the adoption of digital wallets is also increasing which is driving the South America digital wallet market growth. Supportive government policies and initiatives to boost digitalization is also leading to the growth of this regional Read more...
North America Digital Wallet market was valued at US$9,750.450 million in 2019. High penetration of smartphones and internet connectivity has significantly driven the adoption of digital wallets in the North American countries in the past few years. The early adoption of new technologies and the presence of major market players in the region contributes substantially to the digital wallet market growth in North America. The high rate of digitalization of personal, professional, and busin Read more...
The Middle East and Africa Digital Wallet market was valued at US$5,747.366 million in 2019. Despite holding a relatively small market share as compared to big regional markets like North America, Europe and the Asia Pacific, the Middle East and Africa digital wallet market is expected to show a good growth over the forecast period. The market growth in this region is majorly attributed to the solid growth of the e-commerce sector across countries like Saudi Arabia, UAE, Israel, and Turk Read more...
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