AliPay is the most popular digital wallet in the world in 2022
Some key insights:
  • In 2013, Alipay surpassed Paypal as the world’s most popular mobile payment platform, and still holds the top spot nearly ten years later with 1.3 billion users.
  • WeChat Pay and Apple Pay are in second and third, with 900 million and 507 million users respectively.
  • Google Pay has overtaken Paypal; it now has 421 million active users, which is over 40 million more than Paypal’s 377 million.
  • The increased popularity of digital wallets is likely contributing to reduced cash-use; the top 10 countries closest to a cashless society include Norway, Finland, New Zealand and the UK.
Below are the 10 most popular digital wallets in 2022.

Number of users of leading mobile payment platforms worldwide 2022

Digital wallet

Users

Alipay

1.3 Billion

WeChat Pay

900 Million

Apple Pay

507 Million

Google Pay

421 Million

PayPal

377 Million

Paytm

333 Million

PhonePe

300 Million

Samsung Pay

140 Million

Venmo

52 Million

Cash App

36 Million

The top 10 countries closest to a cashless society

Rank

Country

Percentage of people with access to the internet (%)

Percentage of people with a credit card (%)

No. of ATMs (per 100,000 adults)

Cash-based payments

(%)

Unbanked population (%)

Cash reliant index score (out of 10)

1

Norway

97

71

32

2

0

1.54

2

Finland

92

63

37

2

0

1.87

3

New Zealand

92

61

54

2

1

2.06

4

Hong Kong

92

65

52

4

5

2.10

5

Sweden

95

45

28

1

0

2.10

6

Denmark

97

45

43

1

0

2.15

7

Switzerland

94

66

94

2

2

2.21

8

United Kingdom

95

65

99

1

3

2.22

9

Singapore

92

49

54

1

2

2.32

10

Netherlands

91

39

36

4

0

2.46

Please find the full press release below. You can view the full research here:
https://merchantmachine.co.uk/the-countries-most-reliant-on-cash-in-2022/

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