Report Overview

The Australia mobile payment market size is estimated to be valued at AUD 31.60 billion in 2023. It is expected to grow at a CAGR of 16.90% between 2024 and 2032 to reach almost AUD 128.83 billion by 2032.

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

  • According to JSA, the number of employees estimated in the telecommunication services in 2023 was 78,100.
  • According to AG, several individuals who transacted in digital assets in 2021 noted an increase of 63% from 2020.
  • According to LMI, it was estimated that the number of employees working in the telecommunication sector in 2023 was 77,800.

Australia Mobile Payment Market Growth

Compound Annual Growth Rate

Value in AUD billion

16.9%

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.

Australia Mobile Payment Market Report

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 Segmentation

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

  • B2B
  • B2C

Market Breakup by Location

  • Remote Payment
  • Proximity Payment

Market Breakup by End Use

  • BFSI
  • Healthcare
  • IT and Telecom
  • Media and Entertainment
  • Retail and E-Commerce
  • Transportation
  • Others

Market Breakup by Region

  • New South Wales
  • Victoria
  • Queensland
  • Australian Capital Territory
  • Western Australia
  • Others

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.*

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Key Questions Answered in the Report

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.

Report Summary

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.

Key Highlights of the Report

Please note that the figures mentioned in the description serve as estimates and may vary from the actual figures presented in the final report.

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:

  • Payment Type
  • Location
  • End Use
  • Region
Breakup by Payment Type
  • B2B
  • B2C
Breakup by Location
  • Remote Payment
  • Proximity Payment
Breakup by End Use
  • BFSI
  • Healthcare
  • IT and Telecom
  • Media and Entertainment
  • Retail and E-Commerce
  • Transportation
  • Others
Breakup by Region
  • New South Wales
  • Victoria
  • Queensland
  • Australia Capital Territory
  • Western Australia
  • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • 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
  • Commonwealth Bank of Australia
  • Others

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