What Are the Most Common Used Electronic Mobile Wallets Payment in Different Countries?

Mobile payment has changed people's way of life. Many people don't carry cash when they go out, and many people don't even have cash at home.

In China, WeChat Pay and Alipay account for half of mobile payments, with a total of 95%. In other words, 1.3 billion people in China are users of Wechat pay and Alipay.

In the US, Paypal (17.8%), Cash App (14.4%) and Venmo (11.6%) are the top 3 e-wallet payment brands most used by Gen Z.

In the UK, Apple Pay is the most popular, with nearly 1 in 3 young people living in the UK (29%) using Apple Pay, Paypal is the second most used e-wallet, and Skrill is also the most commonly used one.

Emerging markets have their own e-wallets and mobile payment methods that are highly accepted by local consumers.

In Russia, QIWI Wallet, Yandex.Money, Webmoney and Moneta are four major electronic wallets that occupy almost the entire mobile payment market in Russia.

The types of electronic wallets in Southeast Asian countries are even more dazzling.

Thailand has popular e-wallets Line Pay, and Turemoney co-founded by Ant Financial and Thai payment company Ascend Money;

Maybank and fpx in Malaysia, e-Nets in Singapore;

There are various e-wallets in Indonesia, there are gopay, ovo, doku, linkaja, dana…

In the Philippines, the wallet GCash operated by local telecom operators is the most popular among locals, accounting for 76.4% of the total usage;

Bangladesh, 73.6% use a homegrown mobile wallet called bKash;

In India, PayTM accounts for almost half of the market, with 44.4% of Gen Z users choosing it as their primary payment brand, followed by Google Pay (29%) and PhonePe (14.2%).

The main wallets in Latin America, including Mercado pago, the wallet of Mercado Libre, the largest e-commerce in Latin America, Rappi Pay, the Latin American version of the Meituan wallet, as well as PicPay and Recarga Pay, are the most mainstream wallets in Latin America. There is also an emerging electronic wallet PIX.

Pago Fácil is the first online payment method in Argentina. Servipag is a supported payment method in Chile, when buyers pay with Servipag, they can choose to pay online (with more than 20 payment options); in Colombia, nearly 97% of daily spending is done in cash, and Via Balato is offline cash payment method in Colombia.

There are many mobile payments in Europe, such as Blik, Dotpay, PayU, P24 in Poland; iDEAL in the Netherlands, Sofort, and Griopay in Germany, maybank in Italy, mutibanco in Portugal, etc...

E-wallets and online payment methods are expected to become more and more popular, it is a product of the rise of the Internet age, bringing more convenience to our lives.

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