In 2023, Singapore led with 584.1 e-money payments per inhabitant, showcasing robust adoption. Japan trailed significantly with 37.98, while Russia, Italy, and Switzerland reported marginal figures of 7.35, 6.19, and 2.72, respectively. Korea and Belgium closed the list, both below 1 payment per inhabitant.
Year-on-year growth rates highlight a rising trend in e-money usage. Over the past five years, Singapore experienced substantial growth, with an impressive Compound Annual Growth Rate (CAGR). Meanwhile, Japan and Russia saw moderate increases, but Italy, Switzerland, Korea, and Belgium reported minimal changes.
Future trends to watch:
- Adoption of digital wallets in emerging markets.
- Technological advancements driving higher e-money usage.
- Regulatory changes influencing e-money adoption rates
Top countries in Countries With the the Highest Number of E-money Payments per Inhabitant
| # | 7 Countries | Units | Last Year | |
|---|---|---|---|---|
| 1 | 1 Singapore | 584.1 | 2015 | |
| 2 | 2 Japan | 37.98 | 2015 | |
| 3 | 3 Russia | 7.35 | 2015 | |
| 4 | 4 Italy | 6.19 | 2015 | |
| 5 | 5 Switzerland | 2.72 | 2015 | |
| 6 | 6 Korea | 0.66 | 2015 | |
| 7 | 7 Belgium | 0.62 | 2015 |
