POS payment methods market share 2027

Digital or mobile wallets payment was the most used payment method in physical shops in 2023 globally, and is set to become even more popular by 2027. This is according to estimates that defined "digital wallet" in their broadest form possible. Figures include wallets that allow for card payments on a mobile device (e.g., Apple Pay, Google Pay - in this context used in contactless/tap to pay/mobile proximity payments), but also stored value wallets (e.g., PayPal, Alipay, when used in a brick-and-mortar shop) or mobile money wallets (e.g., M-Pesa in Kenya). The source does not separate between the different wallets, nor does it provide figures for individual brands. The growing popularity of wallets is also reflected in a forecast on most used payment methods in e-commerce worldwide. Om contrast, the share of cash is predicted to keep falling up to 2027.

Transaction value and market share of payment methods in total point of sale (POS) transaction value worldwide in 2023, with a forecast for 2027

Payment method used in POS transactions worldwide	Estimated transaction value in U.S. dollars (2023)	Estimated share of transaction value in POS (2023)	Estimated transaction value in U.S. dollars (2027)	Estimated share of transaction value in POS (2027)	% CAGR (2023-2027)
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Release date

March 2024

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Region

Worldwide

Survey time period

March 2024

Special properties

The source shared market share figures, whereas transaction values and CAGR have been calculated by Statista based on individual figures spread throughout the report. All figures provided are estimates.

Supplementary notes

The figures provided on "digital wallets" in this statistic include transactions with a mobile device (e.g., a smartphone, a tablet, a wearable device) in a physical store. These are often called either "contactless payments", "tap to pay payments", or "mobile proximity payments", depending on the country. The source also indicates these likely include QR codes as well. However, the source does not provide individual figures for brands (e.g., Apple Pay, etc.) or QR code payments by themselves. Instead, the source openly states their definition of "digital wallet" is "broadly inclusive".

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