U.S. Mobile Payment Market Size & Outlook, 2023-2030

The mobile payment market in the United States is expected to reach a projected revenue of US$ 117,206.8 million by 2030. A compound annual growth rate of 34.4% is expected of the United States mobile payment market from 2024 to 2030.
Revenue, 2023 (US$M)
$14,807.7
Forecast, 2030 (US$M)
$117,206.8
CAGR, 2024 - 2030
34.4%
Report Coverage
U.S.

U.S. mobile payment market highlights

  • The U.S. mobile payment market generated a revenue of USD 14,807.7 million in 2023 and is expected to reach USD 117,206.8 million by 2030.
  • The U.S. market is expected to grow at a CAGR of 34.4% from 2024 to 2030.
  • In terms of segment, mobile web payment was the largest revenue generating technology in 2023.
  • Near Field Communication is the most lucrative technology segment registering the fastest growth during the forecast period.

Mobile payment market data book summary

Market revenue in 2023USD 14,807.7 million
Market revenue in 2030USD 117,206.8 million
Growth rate34.4% (CAGR from 2023 to 2030)
Largest segmentMobile web payment
Fastest growing segmentNear Field Communication
Historical data2017 - 2022
Base year2023
Forecast period2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationNear Field Communication, Direct Mobile Billing, Mobile Web Payment, SMS, Interactive Voice Response System, Mobile App
Key market players worldwideAlphabet Inc Class A, Alibaba Group Holding Ltd ADR, Amazon.com Inc, Apple Inc, American Express Co, PayPal Holdings Inc, Samsung Electronics Co Ltd, Visa Inc Class A, Tencent Holdings Ltd ADR

Other key industry trends

  • In terms of revenue, U.S. accounted for 21.9% of the global mobile payment market in 2023.
  • Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
  • In North America, U.S. mobile payment market is projected to lead the regional market in terms of revenue in 2030.
  • Canada is the fastest growing regional market in North America and is projected to reach USD 28,063.7 million by 2030.

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Mobile Payment Market Companies

Name Profile # Employees HQ Website

U.S. mobile payment market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to mobile payment market will help companies and investors design strategic landscapes.


Mobile web payment was the largest segment with a revenue share of 23.85% in 2023. Horizon Databook has segmented the U.S. mobile payment market based on near field communication, direct mobile billing, mobile web payment, sms, interactive voice response system, mobile app covering the revenue growth of each sub-segment from 2017 to 2030.


  • U.S. Mobile Payment Technology Outlook (Revenue, USD Million, 2017-2030)
    • Near Field Communication
    • Direct Mobile Billing
    • Mobile Web Payment
    • SMS
    • Interactive Voice Response System
    • Mobile App
    • Others
  • U.S. Mobile Payment Payment Type Outlook (Revenue, USD Million, 2017-2030)
    • B2B
    • B2C
    • B2G
    • Others
  • U.S. Mobile Payment Location Outlook (Revenue, USD Million, 2017-2030)
    • Remote Payment
    • Proximity Payment
  • U.S. Mobile Payment End Use Outlook (Revenue, USD Million, 2017-2030)
    • BFSI
    • Healthcare
    • IT & Telecom
    • Media & Entertainment
    • Retail & E-commerce
    • Transportation
    • Others

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Horizon Databook provides a detailed overview of country-level data and insights on the U.S. mobile payment market , including forecasts for subscribers. This country databook contains high-level insights into U.S. mobile payment market from 2017 to 2030, including revenue numbers, major trends, and company profiles.

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U.S. mobile payment market size, by technology, 2017-2030 (US$M)

U.S. Mobile Payment Market Outlook Share, 2023 & 2030 (US$M)

U.S. mobile payment market size, by technology, 2017-2030 (US$M)

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