Top 10 E-Wallets Worldwide: Ownership, Users, Country, and Valuation
1. Alipay
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Owner: Ant Group (affiliate of Alibaba Group) (Wikipedia)
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Users: Over 1.3 billion active users and 80 million merchants (Wikipedia)
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Country: China
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Valuation: Ant Group was valued at around US$313 billion before its IPO attempt in 2020 (Wikipedia)
2. WeChat Pay
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Owner: Tencent Holdings Limited
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Users: Approximately 1.13 billion users (2023) (Wikipedia)
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Country: China
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Valuation: Part of Tencent, one of the world’s most valuable tech firms with a market cap exceeding US$400 billion, though WeChat Pay itself isn't separately valued publicly.
3. Apple Pay
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Owner: Apple Inc.
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Users: Estimated ~500 million users globally
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Country: United States
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Valuation: Apple is valued at over US$3 trillion as of late 2023 (Reddit)
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Note: Apple Pay doesn’t report standalone valuation, but it's part of Apple’s vast ecosystem.
4. PayPal (incl. Venmo)
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Owner: PayPal Holdings, Inc.
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Users: About 434 million account holders worldwide (2024) (Investopedia)
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Country: United States
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Valuation: Market cap around US$75–77 billion as of mid-2025 (Companies Market Cap, Bullfincher, StockAnalysis)
5. Google Pay (incl. Tez/UPI in India)
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Owner: Google LLC (Alphabet Inc.)
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Users: Estimated 150 million+, particularly strong in India due to UPI integration
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Country: United States (global reach)
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Valuation: Part of Alphabet, which is valued around US$1.5–2 trillion, with Google Pay integrated into its services.
6. Paytm
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Owner: One97 Communications Ltd.
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Users: Around 350 million registered users in India
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Country: India
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Valuation: Market-listed company with stock rallying—shares up 122% over past year—but specific valuation not cited; still a major player in India’s fintech space (The Times of India, The Economic Times).
7. GCash
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Owner: Mynt (Globe Fintech Innovations Inc.), backed by Globe Telecom, Ayala Corporation, and Ant Group (Wikipedia)
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Users: Approximately 81 million active users and 2.5 million merchants as of January 2025 (Wikipedia)
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Country: Philippines
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Valuation: Estimated at US$5 billion after strategic investments from Ayala and MUFG in 2024–2025 (Rappler, Philstar.com, GMA Network, Filgit)
8. Cash App
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Owner: Block, Inc. (formerly Square, Inc.)
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Users: About 57 million monthly transacting accounts as of early 2025 (Wikipedia)
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Country: United States
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Valuation: Part of Block, whose market cap is US$49–50 billion, with annual revenue ~$24 billion in 2024 (Investopedia, Wikipedia)
9. Venmo
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Owner: PayPal Holdings, Inc.
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Users: Around 77 million users in the U.S.
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Country: United States
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Valuation: Included within PayPal's US$75–77 billion valuation (Companies Market Cap, Investopedia)
10. GrabPay
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Owner: Grab Holdings Inc.
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Users: ~30 million across Southeast Asia
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Country: Singapore (super-app operation across SEA) (Wikipedia)
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Valuation: Grab's market cap: about US$22 billion as of mid-2025 (StockAnalysis, Companies Market Cap)
Global Snapshot
| Rank | E-Wallet | Users (Approx.) | Country | Valuation / Market Cap |
|---|---|---|---|---|
| 1 | Alipay | 1.3+ billion | China | Ant Group ~$313B |
| 2 | WeChat Pay | 1.13 billion | China | Part of Tencent; ~$400+B |
| 3 | Apple Pay | ~500 million | USA | Apple ~$3T |
| 4 | PayPal/Venmo | ~434M / 77M | USA | PayPal ~$75–77B |
| 5 | Google Pay | ~150 million+ | USA / Global | Alphabet ~$1.5–2T |
| 6 | Paytm | ~350 million | India | N/A exact, publicly traded |
| 7 | GCash | ~81 million | Philippines | ~$5 billion |
| 8 | Cash App | ~57 million | USA | ~US$50B (Block) |
| 9 | GrabPay | ~30 million | Singapore (SEA) | ~US$22 billion |