Digital Payment Adoption Statistics And Facts (2025)

Introduction

Digital Payment Adoption Statistics: Digital payments are experiencing rapid growth worldwide. Increasingly, people are opting to pay with their phones, cards, and online apps rather than using cash. By 2025, the number of users and the total value of transactions in the digital payment market are expected to be very high. This indicates that people trust digital methods more because they are convenient, efficient, and secure.

As technology continues to improve, an increasing number of businesses and customers are transitioning to digital payments daily. In this article, we will examine key statistics that illustrate the global shift in digital payment adoption and what the future may hold.

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• According to Statista report analysis, in 2025, digital payments worldwide are expected to handle around USD 20.09 trillion in transactions.
• The digital payments market is expected to grow at an average annual rate of 13.63%, reaching approximately USD 38.07 trillion by 2030.
• By 2030, the number of digital payment users is expected to reach approximately 8.34 billion globally.
• Digital payment adoption statistics indicate that the number of people using mobile wallets is projected to reach 4.8 billion by 2025, driven by the convenience and security of mobile payment solutions.
• By 2030, digital wallets are expected to account for 65% of global e-commerce transaction value and 45% of global point-of-sale transaction value.
• Instant payments are projected to increase from over 15% of global transactions in 2023 to more than 20% by 2028.
• The number of people using cryptocurrencies for payments surpassed 560 million in 2024, indicating a significant rise in crypto payment adoption.
• The global digital payment market was estimated at USD 114.41 billion in 2024 and is projected to grow at a compound annual growth rate (CAGR) of 21.4% from 2025 to 2030.
• The Asia-Pacific region is leading in digital payment adoption, contributing nearly 50% to the global payments revenue, which is expected to surpass USD 3 trillion by 2028.

General Digital Payment Adoption Statistics

• The Payment Dive report predicts that by 2030, digital wallets will account for over half (52%) of e-commerce transaction value and 30% of point-of-sale transaction value.
• In comparison, credit cards are expected to make up only 22% of e-commerce transactions and 32% of in-store purchases by 2030.
• Credit and debit cards are the most popular payment methods online, accounting for over 40% of global transactions.
• Digital wallets are the second most used, holding over 20% of the share in 2024.
• By 2028, global payments are expected to exceed USD 3 trillion, with Asia-Pacific leading the way, contributing nearly 50%.
• Instant payments are predicted to grow from over 15% of global transactions in 2023 to more than 20% by 2028.
• Digital wallets are also seeing strong growth, with a 60% year-over-year increase in Q3 2023.
• Digital Payment Adoption Statistics further states that credit cards are accepted by over 75% of businesses in 2024.
• Cryptocurrency adoption is on the rise, with global ownership increasing by 30% to reach over 560 million users by 2024.

(Source: thefinancialbrand.com)

• Over the past decade, the share of digital payments in e-commerce has shifted, with digital payments now accounting for 66%, while cash and cards are expected to account for only 34% by the end of 2024.
• By 2030, digital payments are expected to account for 79% of e-commerce transactions, while cash and cards are projected to make up just 21%, according to Worldpay’s projections.

(Source: thefinancialbrand.com)

• In comparison, the United States has followed a similar trend, but the change has not been as dramatic.
• In 2024, digital payments and cash & cards each held a 50% share in e-commerce.
• By 2030, digital payments are expected to account for 65% of the share in the U.S., which is still lower than the 79% anticipated worldwide.
• In the U.S., most digital wallets are funded by cards, with seven out of ten users opting for this method.
• This trend is also observed in Australia (70%), followed by the United Kingdom (67%), India (56%), Brazil (53%), and China (46%).

Digital Payment Market Statistics

(Reference: precedenceresearch.com)

• According to Precedence Research, the global digital payment market was valued at USD 144.88 billion in 2024 and is expected to grow to USD 701.51 billion by 2034, with an annual growth rate of 17.09% from 2025 to 2034.
• The U.S. market was valued at USD 36.07 billion in 2024 and is projected to reach USD 184.72 billion by 2034, growing at a compound annual growth rate (CAGR) of 17.74%.
• North America held the largest share, contributing 36% of the market in 2024.
• The payment processing segment represented 25.8% of the market share.
• In terms of payment methods, point-of-sale made up 53% of the market.
• On-premise deployment accounted for 65.4%, with large enterprises contributing 59.6% of the revenue.
• The BFSI sector was the largest end user, with a 24% market share in 2024.

Digital Payment Type And Usage Statistics

Digital Payment Revenue Generation Statistics

• In 2024, the digital payments industry made USD 1.5 trillion in revenue, marking a 15% increase from 2023.
• Mobile payments contributed to nearly 70% of this total, generating USD 1 trillion, while digital wallets earned USD 220 billion globally.
• Cross-border payments, which have grown due to globalisation and the increasing use of digital payment platforms, reached USD 150 billion.
• E-commerce platforms generated USD 300 billion in digital payment revenue, representing a 10% increase from the previous year.
• Subscription-based services generated USD 110 billion.
• Peer-to-peer payment services, such as Venmo and Zelle, generated USD 80 billion.
• QR code payments, mostly popular in Asia, generated USD 50 billion.
• In-store digital payments, including mobile wallets and contactless methods, earned USD 400 billion.
• Lastly, cryptocurrency payments contributed USD 35 billion, showing an increasing use of digital currencies in regular commerce.

Global Digital Payment Transaction Statistics (From 2024 To 2030)

By The Inward Remittances Value And The Outward Remittances Value

Global Digital Payment User And Average Transaction Value Per User Statistics

Digital Payment Adoption Statistics By Region

• As of 2024, 75% of adults worldwide have adopted some form of digital payment method.
• According to the MageComp reports in 2024, digital payment transactions in the Asia-Pacific region increased by 25%, driven by countries such as China and India.
• In Europe, 80% of people used digital payment methods, with a noticeable increase in mobile payment adoption.
• In North America, 85% of people made digital payments, and contactless payments saw a significant rise.
• In Latin America, 70% of people use digital payment methods, while in Africa, 60% do, and in the Middle East, 75% of consumers rely on digital payments.

(Reference: precedenceresearch.com)

• Digital Payment Adoption Statistics further show that North America held the largest share, contributing 36% of the market in 2024.
• The digital payment market shares of other regions are as follows: Europe (28%), Asia Pacific (21%), Latin America (9%), and the Middle East and Africa (MEA) (6%).

By Country

(Reference: magecomp.com)

• As of February 2025, Kenya held the highest position in adopting digital payment systems, accounting for an 80% share, followed by China at 72%.
• Digital Payment Adoption Statistics further indicate that the digital payment shares of other countries are as follows: Thailand (66%), Germany (51%), India (46%), the United States (45%), Brazil (44%), and the United Kingdom (12%).

By Industry

By Methods

• Digital Payment Adoption Statistics in 2024: UPI is the leading digital payment method in India, accounting for 83% of all digital transactions.
• Worldwide, credit and debit cards are the most common payment methods, representing approximately 40% of digital transactions.
• Digital wallets, including PayPal, Apple Pay, and Google Pay, account for approximately 50% of online shopping payments globally.
• QR code payments are experiencing significant growth, particularly in China, where they account for approximately 40% of transactions.
• Contactless payments are used for 45% of in-store purchases globally.
• Mobile payments, such as Alipay and WeChat Pay, account for 30%, while cryptocurrency payments comprise 2%. Venmo and Zelle now make up 5%, and BNPL services represent 6%.
• Bank transfers remain a common method in Europe, accounting for approximately 20% of transactions.

Number of Transactions Statistics By Platform, 2025

Key Barriers To Digital Payment Adoption Statistics

• Security Concerns: Approximately 40% of U.S. internet users express apprehension about digital payment security, citing risks like fraud and unauthorised access.
• Infrastructure Challenges: In India, 46% of rural merchants remain unaware of digital payment services, and 94% of non-users cite issues such as poor internet connectivity and service-related problems as the reasons for their lack of action.​
• Network Reliability: In several African countries, unreliable mobile networks lead to transaction failures, resulting in user frustration and a tendency to revert to cash payments.​
• Consumer Trust: A significant portion of consumers are hesitant to adopt new payment technologies, with 41% indicating that they are “not likely at all” to try new options.​
• Implementation Costs: High initial expenses for adopting contactless payment systems deter small businesses, thereby limiting the overall growth of digital payments.

Sustainable Initiatives Of Digital Payment Adoption Statistics

• Digital payments are expected to increase by over 80% from 2020 to 2025, reaching nearly 1.9 trillion transactions, with Asia-Pacific leading the growth at 109%.
• India’s retail digital payments are projected to double to USD 7 trillion by 2030, fueled by a 138% increase in UPI transactions from 2018 to 2024.
• Companies like PayPal have achieved 100% renewable energy sourcing for their data centres by 2021, aiming for a 90% reduction in total energy use by 2022, and have set science-based emission reduction targets to minimise operational GHG emissions by 25% by 2025.
• Digital payments in India’s retail market are predicted to grow from 40% in 2021 to 65% by 2026. This increase is mainly due to the rise in UPI usage and better internet access.
• A study by Visa shows that if more businesses in India accept digital payments, the cost of using cash could decrease from 1.7% to 1.3% of the country’s GDP. This change could save around USD 10.4 billion over the next five years.
• The payments sector is also focusing on sustainability, with many companies utilising biodegradable or recycled payment cards and incorporating carbon-tracking features into their digital payment systems.

Conclusion

In 2025, digital payment adoption is growing at a faster rate than ever. Increasingly, people are utilising mobile wallets, instant payments, and even cryptocurrencies to facilitate transactions more easily and quickly. With strong growth expected over the next few years, digital payments are becoming a normal part of everyday life around the world.

Businesses and consumers are both moving towards safer, faster, and more convenient ways to pay. As technology continues to advance, the future of digital payments appears increasingly exciting and full of new opportunities for everyone.