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Base Year
Historical Year
Forecast Year
Value in AUD billion
2024-2032
Australia Mobile Payment Market Outlook
*this image is indicative*
Based on type, the Australia mobile payment market share is led by direct mobile billing as it is conveniently accessible to anyone using mobile phones
Australia Mobile Payment Market Summary | Description | Value |
Base Year | AUD Million | 2023 |
Historical period | AUD Million | 2018-2023 |
Forecast Period | AUD Million | 2024-2032 |
Market Size 2023 | AUD Million | 31.6 |
Market Size 2032 | AUD Million | 128.8 |
CAGR 2018-2023 | Percentage | XX% |
CAGR 2024-2032 | Percentage | 16.9% |
CAGR 2024-2032 - Market by Region | Australian Capital Territory | 19.3% |
CAGR 2024-2032 - Market by Region | Victoria | 16.1% |
CAGR 2024-2032 - Market by Payment Type | B2C | 19.3% |
CAGR 2024-2032 - Market by End Use | Retail and E-Commerce | 19.3% |
Market Share by Region | New South Wales | XX% |
Direct mobile billing allows users to perform international transactions, thus providing global reach to them without converting currency and boosting the Australia mobile payment market revenue. The transaction cost is comparatively lower in the case of direct mobile billing and reduces the need to go for complex payment processes, thus providing a convenient method for users to make payments instantly. The ease of integration of mobile web payments into mobile apps to provide financial security to users due to the presence of various security measures, including end-to-end encryption, is aiding market expansion.
Various trends and innovations driving the Australia mobile payment market growth include the rise in contactless payments which allows users to make payment quickly using their cards. Moreover, the payment can be initiated using a secure scanning method of QR code. To make payment possible without using cards or mobile phones, wearable technologies such as smartwatches are being integrated with the payment options. To support impulse purchases, social media platforms are being integrated with the embedded payment facilities.
To regulate digital payment providers “Apple” and “Google”, the federal government have applied regulations on them.
CAGR 2024-2032 - Market by | Region |
Australian Capital Territory | 19.3% |
Victoria | 16.1% |
Queensland | 15.2% |
New South Wales | XX% |
Western Australia | XX% |
Others | XX% |
Australia Mobile Payment Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Payment Type
Market Breakup by Location
Market Breakup by End Use
Market Breakup by Region
The Australia mobile payment market key players are Apple Pty Ltd., PayPal Australia Pty Ltd., Afterpay Australia Pty Ltd., Samsung Electronics Australia Pty Limited, Alphabet Inc. (Google Pay), Adyen Australia Pty Ltd. (WeChat Pay), Square AU Pty Ltd., Zai Australia Pty Ltd., Zip Co. Limited, and Commonwealth Bank of Australia among others.
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
Get in touch with us today for customized, data-driven solutions tailored to your unique requirements!
The market was valued at AUD 31.60 billion in 2023.
The market is projected to grow at a CAGR of 16.90% between 2024 and 2032.
The revenue generated from the market is expected to reach AUD 128.83 billion in 2032.
The mobile payment market is growing with an increase in the development of sustainable approaches, adding customized features, enhancing performance, and smart technology integration.
Key players in the industry are Apple Pty Ltd., PayPal Australia Pty Ltd., Afterpay Australia Pty Ltd., Samsung Electronics Australia Pty Limited, Alphabet Inc. (Google Pay), Adyen Australia Pty Ltd. (WeChat Pay), Square AU Pty Ltd., Zai Australia Pty Ltd., Zip Co. Limited, and Commonwealth Bank of Australia among others.
Based on payment type, the mobile payment market is divided into B2B, B2C and B2G.
The different locations of mobile payment include remote payment and proximity payment.
The market is broken down into New South Wales, Victoria, Queensland, the Australia Capital Territory, Western Australia, and others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
Report Features | Details |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Payment Type |
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Breakup by Location |
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Breakup by End Use |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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