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Digital wallet usage is by far highest in China, where 45% of adults use the payment method daily, and an additional 41% do so at least once a week. By comparison, just 6% use digital wallets daily in the US.
Beyond the chart: Digital wallets are a major driver of ecommerce adoption, particularly in mobile-first economies. In China, for example, 90.5% of internet users will make an online purchase this year, representing the largest digital buyer base worldwide, per our estimates. India, which ranks No. 2 in digital wallet use, will boast the second-biggest base with just 60.0%, thanks to the sheer size of its population.
More like this:
Report: US Proximity Mobile Payments 2022
Article: Paypal leans into Venmo for payments prowess
Article: Consumers’ trust in digital banking is shifting from their primary financial institution
Read yesterday’s Chart of the Day here.
Methodology: Data is from an August 2022 Morning Consult report titled "The State of Consumer Banking & Payments H2 2022." 4,400 US adults were surveyed online monthly during H1 2022. Additionally, two surveys were conducted during August and December 2021 among roughly 1,000 respondents each in Argentina, Australia, Brazil, Canada, China, Colombia, France, Germany, Japan, Mexico, Singapore, Spain, and the UK, as well as two surveys conducted during February and May 2022 among those same countries plus India, Italy, Russia, and South Korea. The interviews were conducted online, and the data was weighted to approximate the respective populations of adults based on gender, educational attainment, race, and region.
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