Comprehensive Review: Top 24 Mobile Wallet Enterprises
Comprehensive Review: Top 24 Mobile Wallet Enterprises
The mobile wallet industry is an innovative sector converging technology with financial services, enabling users to conduct transactions seamlessly through their mobile devices. Companies in this space, such as Alipay and PhonePe, provide a diverse range of services, including online payments, money transfers, bill payments, and even gold purchases, all through secure platforms. As our world increasingly shifts towards digital transactions, the potential for growth in this industry is massive. With constant innovations, advancements in security, and global adoption, one can anticipate greater convenience, speed, and efficiency in the way we handle our finances in the future.
Top 24 Mobile Wallet Companies
1. Alipay
- Website: alipay.com
- Headquarters: Hangzhou, Zhejiang, China
- Founded: 2004
- Headcount: 10001+
Alipay.com is a company that provides various financial services, including online payments, money transfers, and mobile payment solutions. It offers a secure and convenient platform for individuals and businesses to conduct their financial transactions.
2. PhonePe
- Website: phonepe.com
- Headquarters: Bengaluru, Karnataka, India
- Founded: 2015
- Headcount: 1001-5000
- Latest funding type: Private Equity
PhonePe is a digital payment solution that offers a wide range of financial services including bill payments, money transfers, gold purchases, and online shopping. With over 3.5 crore stores, apps, and websites accepting PhonePe, users can enjoy a secure and convenient way to manage their finances.
3. Square
- Website: squareup.com
- Headquarters: San Francisco, California, United States
- Founded: 2009
- Headcount: 1001-5000
- Latest funding type: Post Ipo Equity
Square is a financial services and mobile payment company that offers a wide range of products and services to help businesses manage their transactions. They provide tools for payment processing, point-of-sale solutions, and financing options, making it easier for merchants to accept payments and grow their businesses.
4. Venmo
- Website: venmo.com
- Headquarters: New York, New York, United States
- Founded: 2009
- Headcount: 201-500
- Latest funding type: Acquired
Venmo is a money transfer service offered by PayPal, Inc. that allows users to send and receive payments easily. It offers a convenient way to split bills and settle up with friends for shared activities. Venmo also provides a platform for businesses to reach customers and grow their business. Additionally, Venmo offers features such as cash back rewards, cryptocurrency trading, and the ability to send and receive gifts.
5. Volksbanken Raiffeisenbanken
The company offers digital payment solutions through its VR Banking App, allowing customers to make secure and contactless payments using their iPhone or iPad with Apple Pay. Personal data is not shared during transactions, and card details are not stored on devices or shared with merchants.
6. PalmPay
- Website: palmpay.com
- Headquarters: Lagos, Lagos, Nigeria
- Founded: 2019
- Headcount: 501-1000
- Latest funding type: Series A
Palmpay.com is a digital finance company that offers an intuitive digital wallet with account opening, money transfer, and bill payment services. With PalmPay, users can save on fees and earn rewards through discounts and cashback.
7. Satispay
- Website: satispay.com
- Headquarters: Milan, Lombardy, Italy
- Founded: 2013
- Headcount: 201-500
- Latest funding type: Series D
Satispay is a financial technology company that offers a mobile payment solution for businesses and individuals.
8. iCard
- Website: icard.com
- Headquarters: London, London, United Kingdom
- Founded: 2007
- Headcount: 201-500
iCard.com is a financial technology company that offers digital wallet solutions and mobile payment services. With a focus on convenience and speed, iCard enables users to send money directly to Visa and Mastercard payment cards, saving time and effort. The company also provides a range of secure and efficient financial tools, such as virtual cards and eGift cards. iCard is committed to protecting the environment and has partnered with nature protection organization WWF Bulgaria to help save and restore precious natural resources.
9. Wirex
- Website: wirexapp.com
- Headquarters: Liverpool Street, England, United Kingdom
- Founded: 2014
- Headcount: 201-500
- Latest funding type: Series B
Wirex is a company that provides a debit card and wallet for convenient transactions. Send and receive money securely through the Wirex app.
10. Ezetap by Razorpay
- Website: ezetap.com
- Headquarters: Bangalore, Karnataka, India
- Founded: 2011
- Headcount: 201-500
Ezetap is a low-cost POS terminal provider offering integrated payment solutions for retail stores, including pharma and grocery. Their platform allows businesses to accept any type of merchant payment anywhere using point-of-sale terminals, and also offers contactless payment options via QR code, UPI, mobile wallet, and SMS. They provide value-added services such as multi-bank acquiring, automatic reconciliation, and loyalty programs to enhance customer experience. With tailor-made solutions for various sectors, Ezetap is a next-gen payments company empowering businesses to streamline their digital payment processes.
11. Modo
- Website: modo.com.ar
- Headquarters: Buenos Aires, Distrito Federal, Argentina
- Founded: 2020
- Headcount: 51-200
MODO is a digital wallet that connects your money with everything you need. Download the MODO app to access your digital banks, accounts, and cards. Choose your preferred method of payment, whether online or in-person, with the lowest commissions.
12. Hst
- Website: hst.com.br
- Headquarters: Campinas, Goias, Brazil
- Founded: 1987
- Headcount: 51-200
HST is a payment solutions provider for financial and retail institutions in Latin America. They offer comprehensive payment platforms, including mobile wallets and tokenization modules. With over 30 years of experience, HST specializes in secure electronic transactions, generating agility, ease, and functionality for financial relationships.
13. Swifty App
- Website: swifty.com
- Headquarters: New York, United States
- Founded: 2019
- Headcount: 1001-5000
Swifty is a digital payments platform that facilitates transportation payments using mobile money wallets. The platform supports QR code payments and NFC payments, including the acceptance of any type of NFC tags like mobiles, NFC stickers, and cards with NFC support.
14. Keenu
Keenu is a digital payments platform that allows users to easily transfer money, pay bills, and make purchases at retail or online stores. Users can also earn instant rewards for their transactions.
15. PayCenter GmbH
- Website: paycenter.de
- Headquarters: Freising, Bayern, Germany
- Founded: 2011
- Headcount: 11-50
PayCenter is a financial services company that offers banking solutions, including prepaid debit cards, online accounts, and mobile payment services. With a focus on convenience and security, PayCenter enables customers to make contactless payments using their smartphones and provides the option to convert their accounts into protected accounts to prevent seizures. The company also offers support for individuals with low creditworthiness through P-Konten and ensures data privacy by not sharing any information with SCHUFA.
16. Kalpay Inc.
- Website: kalpayinc.com
- Headquarters: Dakar, Dakar, Senegal
- Founded: 2019
- Headcount: 11-50
- Latest funding type: Series Unknown
Kalpay Inc. is a dynamic young company that helps the world of commerce navigate the challenges arising from the omnipresence of mobile technology. With Kalpay Business, customers can make payments quickly and securely through QR codes, eliminating the need for cash and providing convenience for both businesses and customers. The company offers a reliable and fast payment solution that simplifies the payment process for all stakeholders, generating a high return on investment.
17. Payphone
- Website: payphone.app
- Headquarters: Cuenca, Azuay, Ecuador
- Founded: 2015
- Headcount: 11-50
PayPhone is a mobile payment app that allows users to make payments and receive money without the need for a bank account. It offers a simple and convenient way to pay and collect payments, eliminating the need for queues and paperwork.
18. Yuva Pay
- Website: yuvapay.com
- Headquarters: Manipal, Karnataka, India
- Founded: 2016
- Headcount: 11-50
- Latest funding type: Non Equity Assistance
YuvaPay is a digital mobile payment solution that allows users to pay friends, recharge their phone, pay bills, and merchants with a single click.
19. TheWallets
- Website: thewallets.com
- Founded: 2015
- Headcount: 51-200
TheWallets.com is a financial technology company that provides digital wallet solutions for payments, money transfers, and card management.
20. CashApp
- Website: cashapp.me
- Founded: 2011
- Headcount: 11-50
Cashapp.me is a financial technology company that provides money transfer and payment services online and through its mobile application.
21. FinTech Myanmar Company Limited
- Website: fintechmm.com
- Founded: 2016
- Headcount: 11-50
FinTech Myanmar offers payment processing technologies and solutions to create a digital, cashless society and uphold financial inclusion in Myanmar, with a focus on mobile and online payments. Their YouCloud wallet allows merchants to issue mobile wallets for easy payments with various value-added services such as mobile recharge, bills payment, money transfer, shopping, and ticketing.
22. Transaction Media Networks Inc.
- Website: tm-nets.com
- Headquarters: Chuo, Tokyo, Japan
- Founded: 2008
- Headcount: 201-500
TMN specializes in providing cashless payment and marketing solutions for payment service providers. They offer a cloud-based cashless payment system with strict security measures and high reliability. Their solutions include various options for marketing and easy system updates. TMN connects retail chains, gas stations, and other businesses to multiple payment services. Their goal is to create a smart and convenient shopping experience.
23. Swish
- Website: swish.nu
- Headquarters: Stockholm, Sverige, Sweden
- Founded: 2012
- Headcount: 11-50
- Latest funding type: Series Unknown
Swish is a company that aims to simplify everyday life by providing a hassle-free payment solution. Since 2012, Swish has been dedicated to providing a seamless and convenient way for individuals and businesses to make and receive payments.
24. MotionPay
- Website: motionpay.id
- Headquarters: Jakarta Pusat, Dki Jakarta, Indonesia
- Founded: 2019
- Headcount: 11-50
MotionPay is a digital payment solution that offers electronic money applications for various needs.
Want to find more mobile wallet companies?
If you want to find more companies that provide seamless avenues for digital transactions you can do so with Inven. This list was built with Inven and there are hundreds of companies like these globally.
With Inven you'll also get to know the company's:
- Ownership: Which of these are private equity backed? Which are family-owned?
- Contact data: Who are the owners and CEO's? What are their emails and phone numbers?
- Financials: How do these companies perform financially? What are their revenues and profit margins?
...and a lot more!
