Top 3 Most Popular Mobile Monies in the World 

Ever since the world has seen the face of digitization, there have been many reforms in every sector. The advent of mobile money applications has been a blessing to the entire humankind. With these applications at the cost of small MPESA fees, people get to transfer, receive, store, and manage their money via their small carry anywhere device, mobile.

The invention of such apps has made life much easier and hassle-free. People do not need to rush to the banks for every little work. They have revolutionized the money and banking sectors. The three most popular forms of mobile money are mobile money transfer, mobile payments, and mobile banking. There are many mobile money apps in the market today and each of them offers different MPESA fees to the customers.

Today, in this article we have collated for you three of the most popular mobile money apps of the world.

Top 3 Mobile Money Apps of the World

• AliPay

Launched in the year 2004, it is referred to as the fastest-growing mobile money app in the world. This app has a user-base in 110 countries of the world and the largest user-base in the world of 45million active users. Most popular in the countries China, South Korea, HongKong, and Thailand, the app has managed to make a considerable place in the rest of the countries as well.

• PayPal

Launched in October 1999, the app has been in the business for over a decade. It has the largest reach in terms of country. The PayPal app is used over by people in 202 countries of the world. It is a very big market, isn’t it? PayPal has the largest user-base in countries like the USA, UK, Australia, New Zealand, and Germany. The yearly transaction of the app $354 billion, the highest ever done by any application. We are pretty sure, you must have heard the app’s name no matter which country you reside in.

• Samsung Pay

The Samsung Pay app was launched in August 2015 and now has managed to be launched in 12 countries of the world. This application is trying its best to compete with giants like PayPal and AliPay. With the largest market in South Korea, the app has shown decent performance in the world market as well.

There are many more mobile monies apps, but the above three are the top 3 mobile money applications based on reach and business. Mobile money applications have undoubtedly brought about a revolution and brought comfort to our lives like no other. You can now at the comfort of your home pay any bill, transfer money, recharge your DTH or mobile phone and even scan and pay at places. It is a contactless payment and well during this crucial time of the pandemic the best payment tool.