Thunes Unveils 2025 Mobile Wallet Report

Thunes, the global payments infrastructure provider, has released the second edition of its in-depth study, The Complete Guide to Mobile Wallets 2025. The report explores the rapid acceleration of mobile wallet adoption and the evolution of digital payments, offering essential insights into market growth, user behavior, technological hurdles, and the journey toward truly borderless transactions.

According to the report, mobile wallets are fast becoming the standard for digital payments worldwide. In regions such as Southeast Asia and Africa, mobile payment adoption is enabling a direct shift from cash to digital ecosystems, leapfrogging traditional banking systems. Meanwhile, even in card-dominated markets, mobile wallet usage is surging.

Key takeaways from the report include:

• Rapid Growth: The global number of mobile wallet users is expected to climb from 4.3 billion in 2024 to 5.8 billion by 2029. At the same time, digital transaction values are projected to grow from $10 trillion to $17 trillion — a 73% increase (source: GlobalData).
• Shift in Consumer Behavior: Once used primarily for contactless payments, mobile wallets now serve a wide range of functions — from paying bills to supporting gig workers — particularly among digital-native users.
• Call for Interoperability: Fragmentation in the current wallet ecosystem is hindering global integration. Bridging these silos is key to unlocking scalable, seamless cross-border transactions.
• Regional Market Strength: The report includes a refined regional breakdown of developments across Africa, Asia Pacific, Latin America, North America, and Europe. It underscores the growing importance of partnerships between banks, fintechs, and wallet providers in expanding access and reliability.
• Economic Impact: By enabling fast and secure international transactions, mobile wallets are driving trust and accelerating financial inclusion, especially in emerging economies.

Mathieu Limousi, Chief Marketing Officer at Thunes, commented:

“Our 2025 Mobile Wallet report signals a dramatic shift in how the world moves money. While adoption is accelerating globally, lack of interoperability remains a critical challenge. These insights will guide stakeholders across the payments ecosystem as we shape a more inclusive and connected financial future.”