Global Number of E-money Payments per Inhabitant by Country

In 2023, Singapore led with 674.07 e-money payments per inhabitant, showcasing significant usage. Japan and the United States followed, with 57.46 and 20.72 respectively. Other notable countries included Russia (16.93), Italy (15.26), and Indonesia (12.59). Switzerland, India, Belgium, France, Brazil, and Germany had distinctly lower usage ranging from 7.47 to 0.37. The trends suggest a strong growth in the adoption of e-money, especially in Singapore where the year-on-year growth was nil, indicating a plateau after rapid increases in the previous years.

Future trends to watch include the potential for significant growth in countries with currently low adoption rates. Enhanced digital infrastructure and increasing trust in e-money systems will likely drive higher usage in these regions. Additionally, the expansion of e-commerce and contactless payment solutions could further accelerate this growth globally.