Fintech Study Estimates 4.4 Billion Global Users Will Adopt Mobile Wallets by 2024

Fintech Study Estimates 4.4 Billion Global Users Will Adopt Mobile Wallets by 2024


According to a recently published study by Merchant Machine, mobile wallets are predicted to have 4.4 billion users by 2024. Merchant Machine’s findings show the global pandemic propelled the popularity of digital wallets and researchers expect the numbers to grow from 44.50% of the population in 2020 to 51.70% by 2024.

Half the World’s Population Will Leverage Mobile Wallets in 2 Years, Study Says

The use of mobile wallets has grown a great deal since the start of the Covid-19 pandemic and a study published by Merchant Machine predicts growth will continue. The researchers note that since 2015, the total revenue generated by mobile wallet applications has tripled, and by 2022, it’s expected to be around $1,639.5 trillion.

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