Global mobile payment market: Examining the mobile payments industry and its impact on the financial sector

GlobalWebIndex puts the spotlight on mobile payments by presenting its online research among internet users aged 16-64, providing a deep-dive into the industry.

Future of payments

This article is part of a series of articles on the future of payments. Read more.

Need to know

  • According to the Global Mobile Payment Market report, the market is projected to grow at an annual rate of 33% between 2019 and 2026, reaching US $457 billion in 2026
  • Given that today more people have access to mobile devices (96%) than bank accounts (89%), it’s no surprise that established financial institutions, including central banks, are increasingly forming partnerships with mobile payment providers or developing their own services
  • According to GlobalWebIndex, markets like Thailand (56%) and...

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