The 7 Most Popular Mobile Payment Apps in the World

Everyday we hear about new mobile payment apps, and about how one mobile payment app is attracting millions of new users. In this post, i thought i would highlight some of the most popular mobile payment apps (in no particular order) in the world. As i find new interesting information, i will add/update this post. The reason i call them the most popular mobile payments apps in the world is because of the numbers – simply amazing – check them out:

Popular Mobile Payment Apps:

1. Paytm

  • Launch date: 2010paytm-logo
  • Number of countries: 1
  • Active customer accounts: 180 million
  • Total value of payments in 2016: $5 billion (as of November 2016)
  • Total number of payments in 2016: 1 billion
  • Largest markets: India

Reference: Paytm

2. Apple Pay

  • Launch date: October 2014apple-pay
  • Number of countries: 13
  • Active customer accounts: We don’t know?!
    • What we do know is that the number of Apple Pay users tripled in 2016 (Ref: Mobile World Live) and has approximately 12 million monthly users (Ref: Digital Pivot)
  • Total value of payments in 2016: We don’t know?!
    • What we do know is that the Apple Pay transaction totalled $10.9 billion in 2015
  • Total number of payments in 2016: We don’t know?!
    • What we do know is that transaction volume was up over 500% year-over-year
  • Largest markets: USA

Reference: NFC World

3. Samsung Pay

  • Launch date: August 2015
  • Number of countries: 12 (Ref: eMarketer)
  • Active customer accounts: We don’t know?!
    • What we do know is that as-of Feb 2016, Samsung Pay had 5 million users
  • Total value of payments in 2016: We don’t know?!
    • What we d know is that in the six months leading to Feb 2016, Samsung Pay processed over $500 million
  • Total number of payments in 2016: We don’t know?!
    • What we do know is that during August 2015 – August 2016 there were about 100 million unique transactions in 7 countries (Ref: Samsung)
  • Largest markets: South Korea

Ref: Samsung

4. Android Pay

android-pay-logo

  • Launch date: September 2015
  • Number of countries: 9 (Ref: Digital Trends)
  • Active customer accounts: 5 million monthly users (Ref: Digital Pivot)
  • Total value of payments in 2016: To be confirmed
  • Total number of payments in 2016: To be confirmed
  • Largest markets: US, UK

5. AliPay

  • Launch date: August 2004
  • Number of countries: 110 (Ref: AliPay)
  • Active customer accounts: 450 million (Ref: AliPay)
  • Total value of payments in 2016: I couldn’t find this value 
    • But many sources indicate on Singles Day (11-Nov-2016) in China AliPay processed just over a billion transactions totalling $14.6 billion (in a day!!!)
  • Total number of payments in 2016: 91 billion (Ref: FT – based on 250 million transactions a day)
  • Largest markets: China, South Korea, Hong Kong, Thailand

6. PayPal

  • Launch date: October 1999
  • Number of countries: 202paypal-logo
  • Active customer accounts: 197 million
  • Total value of payments in 2016: $354 billion
  • Total number of payments in 2016: 6.1 billion
  • Largest markets: USA, UK, Germany, Australia & New Zealand

Reference: Paypal Media Resources

7. M-Pesa

  • Launch date: March 2007
  • Number of countries: 10 (Ref: Vodafone)mpesa-logo
  • Active customer accounts: 25 million (Ref: Telecoms)
  • Total value of payments in 2016: $24 billion  – Period: Jan-Sept 2016 in Kenya only (Ref: Nairobi News)
  • Total number of payments in 2016: 326.8 million – Kenya only (Ref: The Star)
  • Largest markets: Kenya

Reference: Vodafone

Thanks for stopping by – Take a look around…!!

If you spot any incorrect information, please let me know in the comments below the correct information (include the source) and i will make the necessary corrections!

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