Global segment ranking · Fintech › Payments

The world’s most valuable mobile wallets

Consumer e-wallets, mobile money and payment super-apps whose core is a stored-value wallet rather than a bank account. Ranked worldwide by AI-estimated valuation. The market sets the value; our AI estimates it.

Edition 0 (beta) · Published September 29, 2026 Twice a yearNext edition: January 1, 2027· Claude · multi-AI consensus in a future edition· Published method· Order never changed by a human

Key metrics for this segment: users, payment volume, revenue. Figures as published by each company or the press, dated, not recalculated. The AIs weigh them alongside funding history and comparables.

Not in this segment. Consumer neobanks, online payments and acquiring, cross-border remittances, BNPL and crypto wallets each have their own segment. A company appears in one segment only. Method

The segment at a glance

11companies ranked

2companies on the radar

10countries in the ranking

6listed benchmarks

Sources: Bloomberg, South China Morning Post, TechCrunch, FinTech Futures, PYMNTS, The Paypers, BusinessToday, Inquirer, InsiderPH, BitPinas, Biometric Update, TechCabal, Fintech News Africa, Dealroom, Vietnam Investment Review, Arab News, company announcements. Intention counters will be shown above a threshold of amount and number of Backers.

Rankings by region

Filter the ranking and the Radar. Ranks stay worldwide.

Global ranking · Mobile wallets

Top 11 Radar Challengers

First edition: no movements yet.

World · 11 ranked companies

#	Company	Last round · Key metrics	Estimated valuation (AI, order of magnitude)	Confidence	Invest
1	Ant Group (Alipay)China · Asia-PacificSources: 1 · 2 · 3Is this your company? Report an error	Share buyback · undisclosed · Jul 2023Over 1.3B Alipay users · Payment volume: n/d · Revenue: n/d · 2020	Last known equity round: Share buyback · undisclosed · Jul 2023 (company repurchase from existing shareholders) Published valuation: USD 78.5bn (Jul 2023) Confidence index: MediumMethod	Partial sources	Declare an intent
2	Toss (Viva Republica)South Korea · Asia-PacificSources: 1 · 2 · 3Is this your company? Report an error	Series H · USD 410M · Jun 202130M users, 24M monthly active (Jul 2025) · Payment volume: n/d · Revenue KRW 1.96T (~$1.4B), first annual profit (FY2024)	Last known equity round: Series H · USD 410M · Jun 2021 (Alkeon Capital, Korea Development Bank, Altos Ventures, Greyhound Capital) Published valuation: USD 7.4bn (Jun 2021) Confidence index: MediumMethod	Partial sources	Declare an intent
3	GCash (Mynt)Philippines · Asia-PacificSources: 1 · 2 · 3Is this your company? Report an error	IPO (book-building) · up to PHP 92.3B IPO (mostly secondary) · Sep 202640.4M monthly active users (Mar 2026) · PHP 17.0T (FY2025) · Revenue PHP 79.7B (net income PHP 17.25B) (FY2025)	Last known equity round: IPO (book-building) · up to PHP 92.3B IPO (mostly secondary) · Sep 2026 (BlackRock, Capital Group, Fidelity, IFC (cornerstones)) Published valuation: USD 11.5bn (Sep 2026) Confidence index: HighMethod	Solid sources	Declare an intent
4	PhonePeIndia · Asia-PacificSources: 1 · 2Is this your company? Report an error	Primary funding (2023 series) · undisclosed in sources opened · 2023Users: n/d · 9.3B UPI transactions worth ₹13.1T in the month (Feb 2026) · Revenue ₹39.19B (~$424M), loss ₹14.44B (H1 FY2026 (to Sep 2025))	Last known equity round: Primary funding (2023 series) · undisclosed in sources opened · 2023 (General Atlantic and others) Published valuation: USD 12bn (Jan 2023) Confidence index: MediumMethod	Partial sources	Declare an intent
5	Airtel MoneyKenya · Sub-Saharan AfricaSources: 1 · 2Is this your company? Report an error	Minority equity investments · USD 550M · 202153M active users (Jun 2026) · $213B (12 months to Jun 2026) · Revenue $1.35B (FY2026)	Last known equity round: Minority equity investments · USD 550M · 2021 (TPG, Mastercard, Qatar Investment Authority, Chimetech) Published valuation: USD 2.6bn (2021) Confidence index: MediumMethod	Partial sources	Declare an intent
6	OPayNigeria · Sub-Saharan AfricaSources: 1 · 2Is this your company? Report an error	Series C · USD 400M · 202140M+ users · Payment volume: n/d · Revenue: n/d · 2026	Last known equity round: Series C · USD 400M · 2021 (SoftBank Vision Fund, Sequoia Capital) Published valuation: USD 2bn (2021) Confidence index: MediumMethod	Partial sources	Declare an intent
7	bKashBangladesh · Asia-PacificSources: 1Is this your company? Report an error	Minority stake investment · USD 250M · Nov 202182M+ verified users · Payment volume: n/d · Revenue: n/d · not dated	Last known equity round: Minority stake investment · USD 250M · Nov 2021 (SoftBank Vision Fund 2) Published valuation: USD 2bn (Nov 2021) Confidence index: LowMethod	Weak sources	Declare an intent
8	MoMo (M_Service)Vietnam · Asia-PacificSources: 1 · 2Is this your company? Report an error	Series E · USD 200M · Dec 202140M registered users (2025) · Payment volume: n/d · Revenue $482M (FY2024)	Last known equity round: Series E · USD 200M · Dec 2021 (Mizuho Bank, Ward Ferry, Goodwater Capital, Kora) Published valuation: USD 2bn (Dec 2021) Confidence index: MediumMethod	Partial sources	Declare an intent
9	WaveSenegal · Sub-Saharan AfricaSources: 1 · 2 · 3Is this your company? Report an error	Series A · USD 200M · Sep 202123M monthly active users · Payment volume: n/d · Revenue: n/d · 2026	Last known equity round: Series A · USD 200M · Sep 2021 (Sequoia Heritage, Founders Fund, Ribbit Capital, Stripe) Published valuation: USD 1.7bn (Sep 2021) Confidence index: LowMethod	Weak sources	Declare an intent
10	barqSaudi Arabia · Middle East & North AfricaSources: 1 · 2Is this your company? Report an error	Series A · USD 329.5M · Sep 202615M+ users (Sep 2026) · ~$188B (SAR 440B) processed since 2024 launch (cumulative to Sep 2026) · Revenue: n/d	Last known equity round: Series A · USD 329.5M · Sep 2026 (Sohar International Bank, M20 Fund, Noon Investments) Published valuation: USD 1.9bn (Sep 2026) Confidence index: HighMethod	Solid sources	Declare an intent
11	PalmPayNigeria · Sub-Saharan AfricaSources: 1 · 2Is this your company? Report an error	Series A · USD 100M · 202135M+ registered users · Payment volume: n/d · Revenue: n/d · 2025	Last known equity round: Series A · USD 100M · 2021 (Transsion, NetEase, MediaTek) No confirmed published valuation Confidence index: LowMethod	Weak sources	Declare an intent

Ranking in descending order of AI-estimated valuation, based on public information, following a published method, with no human intervention on the order. Valuation ranges are indicative editorial estimates: neither a financial valuation, nor an offer, nor investment advice. Only the market sets a company’s value, through a funding round or a sale. Edition 0: produced by Claude (Anthropic); a consensus of several AI models will apply in a future edition. Eligibility: at least $1M raised including one equity round, non-listed company, main activity in this segment (consumer e-wallets, mobile money and payment super-apps). Country shown is the country of main operations. Request a correction

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How to read this ranking

Rank

Companies are ranked by AI-estimated valuation, highest first. The market sets the value; our AI estimates it.

Range

An order of magnitude, never a figure.

Hundreds of k$
Millions $
Tens of M$
Hundreds of M$
Unicorn
Decacorn

Confidence

High: recent published valuation or round (under 24 months).
Medium: older data.
Low: single or unconfirmed source.

Full method →

Invest in mobile wallets, together

Uback aggregates investment intentions from business angels, family offices, corporates and sector specialists worldwide. Every ranked company already has professional investors on its cap table, who have negotiated a shareholders’ agreement: you don’t start from a blank page.

Strength in numbers

Alone, a small ticket opens no doors. Together, Backers carry weight.

Declare an intention

On a company or a sector, with a ticket range. Paid, to show you are serious; transferable as long as it has not been converted.

Critical mass is reached

When the number of Backers and the total of their intentions cross a threshold, the licensed partner contacts the company and presents this demand.

The licensed partner structures

If the company’s expectations and the Backers’ converge, the partner builds a transaction and presents it directly to the Backers concerned.

Closing

Capital raise or sale of existing shares: small tickets are pooled in a common vehicle set up by the licensed partner. Each Backer decides whether to take part.

Uback does not advise, does not negotiate, collects nothing. Each transaction is run by the licensed partner of the company’s country, under the law that governs its shares.

Get notified when intentions open What happens after my declaration? Intention declarations open once the licensed partner signs · price per ticket band · valid 12 months · transferable credit

Challengers

A registered company raising funds that is not in the ranking will be able, for a fee, to appear in a separate list labelled “Challengers”, for a set period, with a memo available to verified Backers. The listing has no effect on the ranking. Not open yet.

Sponsored space · no Challenger listed yet

Radar · known eligible companies, not ranked

Sorted by date of last round, with no judgement and no AI call.

Satispay · Italy · EuropeSep 2022 · EUR 320M
TrueMoney (Ascend Money) · Thailand · Asia-PacificSep 2021 · USD 150M

Listed benchmarks

Not ranked: no intention is possible on a listed company.

PayPay · JapanNasdaq · PAYP
Paytm (One97 Communications) · IndiaNSE · PAYTM
Kakao Pay · South KoreaKRX · 377300
MobiKwik (One MobiKwik Systems) · IndiaNSE · MOBIKWIK
GoTo (GoPay) · IndonesiaIDX · GOTO
Safaricom (M-Pesa) · KenyaNSE Kenya · SCOM

Sources and method for this segment

Calendar. Global segment rankings are published twice a year. Next edition: January 1, 2027.

Eligibility. At least $1M raised including one equity round, non-listed company, main activity in this segment (consumer e-wallets, mobile money and payment super-apps). A company appears in one segment only.

Sources. Bloomberg, South China Morning Post, TechCrunch, FinTech Futures, PYMNTS, The Paypers, BusinessToday, Inquirer, InsiderPH, BitPinas, Biometric Update, TechCabal, Fintech News Africa, Dealroom, Vietnam Investment Review, Arab News, company announcements.

Method and rules, common to all rankings →