The global e-money payments landscape in 2023 revealed Japan as the leader with 23.4 million units, closely followed by the United States at 22.09 million, and India with 19.28 million. Significant year-on-year growth rates were observed in India (5.28%) and Russia (5.52%), indicating robust expansion, while Belgium and Germany experienced declines. Japan’s marginal lead highlights its mature and well-adopted e-money ecosystem. Conversely, Europe shows limited engagement, as noted in Germany’s and Belgium's negative growths and low share.
Future trends to watch include further expansion in emerging markets like India and Indonesia, driven by increasing digital penetration and governmental support for cashless economies. Developed nations should focus on innovating convenient and secure digital solutions to maintain or increase their market share.
Top countries in Number of E-money Payments Share by Country (Million Units)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Japan | 23.4 | 2023 | +3.93% | +4.31% | View data |
| 2 | 2 United States | 22.09 | 2023 | +3.04% | +2.54% | View data |
| 3 | 3 India | 19.28 | 2023 | +6.05% | +5.28% | View data |
| 4 | 4 Singapore | 12.6 | 2023 | +2.1% | +2.3% | View data |
| 5 | 5 Indonesia | 10.8 | 2023 | +6.18% | +2.68% | View data |
| 6 | 6 Russia | 8.05 | 2023 | +5.26% | +5.52% | View data |
| 7 | 7 Italy | 2.98 | 2023 | +4.99% | +4.5% | View data |
| 8 | 8 Brazil | 0.3 | 2023 | +4.69% | +0.56% | View data |
| 9 | 9 France | 0.22 | 2023 | +2.62% | +1.86% | View data |
| 10 | 10 Switzerland | 0.19 | 2023 | +4.82% | +4.09% | View data |
