Mobile Wallets 📱💸

Money, money, money...

Today's newsletter looks at mobile wallets. It’s likely that you use your digital wallet on a regular basis so we dive in to see which are the most popular worldwide, how the market has grown over the last years, and finally the adoption of mobile wallets by generation.

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Most Popular Digital Wallets

The top two most popular digital wallets are AliPay and WeChat Pay, which are both Chinese platforms. AliPay is operated by Alibaba's affiliate Ant Group, offering various financial services including payments, banking, and investment. WeChat Pay is integrated within the WeChat messaging app, allowing users to make payments, transfer money, and more. Following these are Apple Pay, Google Pay, and PayPal which are most popular in the West.