The forecasted 2024 global value of e-money payments highlights the United States as the leader with USD 209.78 billion. Japan follows with USD 55.69 billion, and Italy and India closely trail each other at USD 39.85 and USD 39.15 billion, respectively. Notably, India has seen a significant year-on-year growth at 4.71% over 2023. Switzerland leads in year-on-year growth with 5.85%, while South Korea saw a decline of 9.39%. Over the last five years, average growth rates reveal diverse trends, with countries like India and Belgium showcasing strong CAGR, indicating robust e-money adoption.
Future trends to watch include increasing adoption in emerging markets such as India and Brazil, driven by expanding digital infrastructure and financial inclusion efforts. Innovations like blockchain and central bank digital currencies may further accelerate growth and reshape the competitive landscape among countries.
Top countries in Value of E-money Payments by Country
| # | 10 Countries | Million US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 209,780 | 2023 | +2.62% | +1.96% | View data |
| 2 | 2 Japan | 55,690 | 2023 | +2.37% | +2.34% | View data |
| 3 | 3 Italy | 39,850 | 2023 | +3.57% | +2.59% | View data |
| 4 | 4 India | 39,150 | 2023 | +5.86% | +4.71% | View data |
| 5 | 5 Russia | 19,590 | 2023 | +2.02% | +0.24% | View data |
| 6 | 6 Indonesia | 3,690 | 2023 | +6.15% | +2.18% | View data |
| 7 | 7 Switzerland | 3,650 | 2023 | +5.64% | +5.85% | View data |
| 8 | 8 Brazil | 2,760 | 2023 | +4.28% | +0.17% | View data |
| 9 | 9 Singapore | 2,250 | 2023 | +0.88% | +0.67% | View data |
| 10 | 10 Belgium | 1,810 | 2023 | +5.25% | +3.59% | View data |
