Key stat: Food or merchandise at in-person events was the most popular purchase category for mobile wallet users worldwide in January 2024, purchased by 29% of users, according to Kantar. Online purchases of household items followed close behind, at 28%.
Beyond the chart:
- Mobile wallets are the fastest-growing payment method for ecommerce and point-of-sale transactions worldwide, per March 2024 data from Worldpay.
- Mobile wallets make it easy for consumers to purchase items at events, where carrying physical cards may be inconvenient. They also reduce friction by removing the need to enter pins or sign a receipt.
- More than two-thirds (64.9%) of smartphone users will be mobile wallet users this year, accounting for 161.1 million people in the US, per our March 2024 forecast.
