The Australia mobile payment market size reached USD 21.35 Billion in 2024. The market is expected to grow at a CAGR of 16.90% between 2025 and 2034, reaching almost USD 101.75 Billion by 2034.
Base Year
Historical Period
Forecast Period
According to Australian Communications and Media Authority (ACMA), nearly all adults (99%) went online in the first half of 2022. This is a significant increase from just 90% in 2019.
In 2023, the total number of active cellular mobile connections reached 32.71 million, exceeding the national population by a significant margin. This translates to a mobile connection penetration rate of 124.3%, signifying that a substantial portion of the population utilizes multiple mobile devices.
In 2021, Vodafone and TPG completed a USD 15 billion merger resulting in the formation of a unified entity boasting a more comprehensive network infrastructure.
Compound Annual Growth Rate
16.9%
Value in USD Billion
2025-2034
Australia Mobile Payment Market Outlook
*this image is indicative*
Mobile payments fuel e-commerce in Australia, with 97% online shopping penetration and weekly purchases driving the Australia mobile payment market
The proliferation of smartphones in Australia has fostered a dynamic mobile application landscape catering to diverse consumer needs. Notably, advancements in payment applications and technologies, like mobile wallets, have revolutionized the way Australians manage their finances, which is expected to support the demand of mobile payment market in Australia.
The landscape of Australian commerce has demonstrably shifted towards online channels. A staggering 97% of the population now engage in online shopping, solidifying it as a cornerstone of the national consumer experience. This trend extends beyond occasional purchases, with nearly two-thirds (62%) of Australians frequenting online retailers on a weekly basis, averaging between 2 and 3 purchases per week.
Australia's growing smartphone ownership and powerful mobile networks are fuelling e-commerce growth. As online shopping increases, mobile transactions are expected to boost, significantly boosting the Australia mobile payments market. However, data privacy remains a challenge for mobile wallet apps. While companies are working hard to implement more secure authentication methods and robust security policies, it's an ongoing process to ensure user information stays protected.
In Australia, young adults (aged 18-29) have demonstrably led the way in adopting digital wallets like Apple Pay and Google Pay. Over 60% within this demographic leverage their mobile devices for at least one weekly payment, highlighting a preference for contactless transactions.
Australia Mobile Payment Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments
Market Breakup by Technology
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:
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*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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The market was valued at USD 21.35 Billion in 2024.
The market is projected to grow at a CAGR of 16.90% between 2025 and 2034.
The revenue generated from the market is expected to reach USD 101.75 Billion in 2034.
The market is categorised according to payment type into B2B, B2C, and B2G.
The 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.
Based on the location, the market is divided into remote payment and proximity payment.
The market is broken down into New South Wales, Victoria, Queensland, Australian 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 | 2024 |
| Historical Period | 2018-2024 |
| Forecast Period | 2025-2034 |
| 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 Technology |
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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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