"Digital wallets now account for more than a third of global consumer spending and are on course to reach roughly a $28 trillion value by 2030. Even now, Apple already handles 9.5 trillion transactions for more than 800 million customers, generating an estimated $2.7 billion in 2024, according to Capital One Shopping Research."
"India's economy is growing, as is its payments market. Digital transactions in India are expected to reach around $10 trillion this year, while the value of the broader fintech market should reach $421 billion by 2028. India's digital payments market was worth about $6.83 billion in 2025 and is expected to exceed $33 billion by 2034."
"When it does, it will be able to build on the customer loyalty its hardware products nearly always generate, and pop some more dollars into its coffers. The market is ripe for such a move, given Apple's record sales of iPhones and other hardware products there. iPhone now accounts for 10% of India's smartphone market and rules the high-end."
Digital wallets represent over one-third of global consumer spending and are projected to reach $28 trillion by 2030. Apple currently processes 9.5 trillion transactions for 800 million customers, generating $2.7 billion in 2024 revenue. India's economy and payments market are experiencing significant growth, with digital transactions expected to reach $10 trillion this year and the fintech market valued at $421 billion by 2028. India's digital payments market, worth $6.83 billion in 2025, is projected to exceed $33 billion by 2034. Apple's expansion into India's payments space is strategically advantageous given its strong hardware sales, customer loyalty, and 10% smartphone market share with dominant positioning in the premium segment.
Read at Computerworld
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