The digital wallet industry has reshaped the way we handle money, providing a seamless transition from physical to digital transactions. These companies provide platforms to pay bills, transfer money, buy goods, and manage finances using devices like smartphones. They utilize encryption and tokenization to ensure the security of transactions. Innovations in this field, such as adopting blockchain technology and artificial intelligence, aim to enhance convenience, security, and speed. With the growing preference for cashless transactions, this industry shows no signs of slowing down.


Top 28 Digital Wallet Companies

1. Alipay

  • Website: alipay.com
  • Headquarters: Hangzhou, Zhejiang, China
  • Founded: 2004
  • Headcount: 10001+
  • LinkedIn

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
  • LinkedIn

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. PayPal

  • Website: paypal.com
  • Headquarters: San Jose, California, United States
  • Founded: 1998
  • Headcount: 10001+
  • Latest funding type: Ipo
  • LinkedIn

PayPal is a global payment service that allows users to make secure online transactions using their credit cards without sharing financial information. It offers buyer and seller protection for eligible transactions, and users can also use their PayPal login to skip entering bank and card information. PayPal operates under an exemption from holding a license during the statutory transitional period in Singapore.


4. Skrill

  • Website: skrill.com
  • Headquarters: London, England, United Kingdom
  • Founded: 2001
  • Headcount: 1001-5000
  • Latest funding type: Acquired
  • LinkedIn

Skrill is a financial technology company that offers online payment solutions to individuals and businesses. It provides a secure and convenient way to send and receive money globally, make online purchases, and manage digital wallets.


5. OVO (PT Visionet Internasional)

  • Website: ovo.id
  • Headquarters: Jakarta, Dki Jakarta, Indonesia
  • Founded: 2017
  • Headcount: 501-1000
  • Latest funding type: Acquired
  • LinkedIn

OVO is a company that offers a range of financial services and digital payment solutions to individuals and businesses. Their services include mobile wallet, remittance, bill payments, and merchant services.


6. Stripe

  • Website: stripe.com
  • Headquarters: South San Francisco, California, United States
  • Founded: 2010
  • Headcount: 1001-5000
  • Latest funding type: Secondary Market
  • LinkedIn

Stripe is a financial technology company that offers a suite of payments products and tools. They enable businesses to accept online payments, automate revenue collection, and embed financial services in their platforms or products.


7. Venmo

  • Website: venmo.com
  • Headquarters: New York, New York, United States
  • Founded: 2009
  • Headcount: 201-500
  • Latest funding type: Acquired
  • LinkedIn

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.


8. PayMaya Philippines

PayMaya is a financial technology company that provides digital financial services and solutions. It offers online payment solutions, mobile wallets, and digital banking services to individuals and businesses, enabling them to easily and securely transact online and manage their finances digitally.


9. PalmPay

  • Website: palmpay.com
  • Headquarters: Lagos, Lagos, Nigeria
  • Founded: 2019
  • Headcount: 501-1000
  • Latest funding type: Series A
  • LinkedIn

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.


10. Volksbanken Raiffeisenbanken

  • Website: vr.de
  • Headquarters: Berlin, Germany
  • Headcount: 10001+
  • LinkedIn

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.


11. Chek

  • Website: chek.cl
  • Headquarters: Las Condes, Region Metropolitana, Chile
  • Headcount: 5001-10000
  • LinkedIn

Chek is a company that provides a digital wallet solution called 'Chek Personas'. It allows users to manage their finances, make payments, and store digital assets securely.


12. e& money

  • Website: e-wallet.ae
  • Headquarters: Abu Dhabi, ., United Arab Emirates
  • Headcount: 5001-10000
  • LinkedIn

e& money is a financial super app that offers global money transfers, wallet transfers, and cash pick up services. With no registration fees or minimum balance requirements, it provides easy, fast, and secure transactions. The app also offers gifting options and allows users to pay bills, merchants, and send gifts globally and locally.


13. TrueMoney Cambodia

TrueMoney Wallet is an e-wallet that offers a new payment lifestyle. You can pay and accept payments anywhere in Cambodia using a single wallet.


14. iCard

  • Website: icard.com
  • Headquarters: London, London, United Kingdom
  • Founded: 2007
  • Headcount: 201-500
  • LinkedIn

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.


15. Banque Mauritanienne pour le Commerce International

  • Website: bmci.mr
  • Headquarters: Nouakchott, Trarza, Mauritania
  • Headcount: 501-1000
  • LinkedIn

The company, bmci.mr, offers mobile payment services to its customers. It ensures the safekeeping of funds in the mobile payment account and allows users to transfer funds to new accounts. It emphasizes the importance of keeping personal codes confidential and takes no responsibility for errors or incomplete information in transfer orders. The company provides various services such as balance inquiries, transaction history, changing secret codes, crediting or debiting the mobile payment account, and making payments or transfers to other users.


16. Wallet Holding

Wallet is a digital payment solution that enables users to manage multiple bank accounts with a single touch, offering credit facilities and open banking solutions.


17. S2m

S2M Worldwide is a company that specializes in digital payment systems. They offer innovative solutions for electronic payment transactions, making it easier and more secure for businesses and consumers to conduct financial transactions online.


18. Modo

  • Website: modo.com.ar
  • Headquarters: Buenos Aires, Distrito Federal, Argentina
  • Founded: 2020
  • Headcount: 51-200
  • LinkedIn

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.


19. NETELLER

  • Website: neteller.com
  • Headquarters: London, England, United Kingdom
  • Founded: 1996
  • Headcount: 51-200
  • Latest funding type: Ipo

Neteller offers mobile APIs that are compliant with the European Payment Services Directive (PSD2) for Account Information Services, Payment Initiation Services, and Card-Based Payment Instrument Issuers.


20. CashApp

Cashapp.me is a financial technology company that provides money transfer and payment services online and through its mobile application.


21. Paga Group Ltd

  • Website: paga.com
  • Headquarters: Etobicoke, Ontario, Nigeria
  • Founded: 2009
  • Headcount: 201-500
  • LinkedIn

Paga.com is a leading payments and mobile money company that offers convenient and secure payment solutions in Nigeria. With their API integration, customers can easily send and receive money, pay bills, and request payments.


22. DOCOMO Digital

  • Website: docomodigital.com
  • Headquarters: London, England, United Kingdom
  • Founded: 2009
  • Headcount: 201-500
  • Latest funding type: Acquired
  • LinkedIn

DOCOMO Digital is a global provider of carrier billing and payment solutions. They enable mobile carriers to accelerate their digital services and help merchants go global and scale faster by providing a secure online payment platform. With a focus on connecting telcos and merchants, they offer direct carrier billing, bundling services, and app store integration.


23. Sendwave (International Remittance)

  • Website: sendwave.com
  • Headquarters: Washington, District Of Columbia, United States
  • Founded: 2014
  • Headcount: 51-200
  • Latest funding type: Acquired
  • LinkedIn

Sendwave is a trusted money transmission service operated by Chime Inc. It allows users to send money internationally with no fees and ensures more of the money goes to the recipients. With a user base of over 800k, Sendwave is authorized in the US, Canada, UK, and EU.


24. izipay

  • Website: izipay.pe
  • Headquarters: Miraflores, Lima, Peru
  • Founded: 2018
  • Headcount: 1-10
  • LinkedIn

Izipay.pe is a company that offers payment solutions for businesses. They provide a range of services including online payment options, mobile wallet acceptance, and POS integration. With their intuitive app and user-friendly interface, businesses can easily accept payments from customers using various payment methods. Izipay.pe ensures a seamless transaction experience, allowing businesses to increase sales and improve customer satisfaction.


25. SadaPay

  • Website: sadapay.pk
  • Headquarters: Islamabad, Islamabad Capital Territory, Pakistan
  • Founded: 2019
  • Headcount: 51-200
  • Latest funding type: Seed
  • LinkedIn

SadaPay offers a simple way to manage money with its digital wallet and Mastercard debit card. Users can receive money from friends, family, or clients, freeze their card if misplaced, and activate international payments with one tap. With best-in-class fraud detection systems, sending and receiving payments is safe and easy. Sign up is fast and paperless, requiring only a selfie, photo of ID, and basic information.


26. Digital India Payments Limited

Digital India Payments is a company that provides secure and efficient digital payment solutions. They offer a range of services including online payment processing, mobile wallet integration, and payment gateway solutions.


27. TerraPay

  • Website: terrapay.com
  • Headquarters: Amsterdam, Noord-Holland, Netherlands
  • Founded: 2014
  • Headcount: 51-200
  • Latest funding type: Debt Financing
  • LinkedIn

TerraPay is a global payments infrastructure and solutions platform that empowers businesses to build simpler, transparent customer experiences by providing uninterrupted and secure global passage for every payment, regardless of size. With their unique technology platform and strong merchant network, TerraPay facilitates easy and quick adoption of mobile wallets, serving consumers seeking secure contactless payment options. They offer powerful solutions for cross-border remittances, business pay-outs, collections, acquiring, and issuance.


28. ftcash

  • Website: ftcash.com
  • Headquarters: Mumbai, Maharashtra, India
  • Founded: 2015
  • Headcount: 201-500
  • Latest funding type: Series A
  • LinkedIn

ftcash is a company that offers digital payment solutions to small and medium-sized businesses. They provide a platform that allows businesses to accept payments through multiple channels, including credit cards, debit cards, and mobile wallets.


Want to find more digital wallet companies?


If you want to find more companies that offer diverse financial services like bill payments, money transfers, and online shopping 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!