Africa and Latin America digital wallet markets forecast for strong growth through 2030

  • ResearchAndMarkets.com added Q2 2026 reports covering prepaid cards, stored value and digital wallets in Africa and Latin America.
  • Africa’s market is forecast at $82.6 billion in 2026 and $150.9 billion in 2030, while Latin America’s is expected to reach $327.9 billion by 2030 from $198.0 billion in 2026.
  • The reports analyze more than 80 country-level indicators, payment use cases, product segments and competitive dynamics across both regions.

ResearchAndMarkets.com has added Q2 2026 databooks covering the prepaid card, stored value and digital wallet markets in Africa and Latin America. Africa’s market is forecast to grow 18.1% year over year to $82.6 billion in 2026 and reach approximately $150.9 billion by 2030, representing a 16.3% CAGR from 2026 to 2030 after expanding at a 20.9% CAGR between 2021 and 2025. Latin America’s market is expected to increase from $198.0 billion in 2026 to $327.9 billion by 2030 at a 13.4% CAGR. The reports attribute growth to digital-payment adoption, fintech innovation, mobile-first experiences, wallet integration, virtual prepaid cards, digital commerce and embedded financial services. They examine more than 80 country-level key performance indicators, including market size, transaction value and volume, average transaction value and market share, as well as consumer spending, product segmentation, adoption trends and competition among banks, fintech companies, payment networks, processors and digital platforms. Both markets are shifting from traditional prepaid products toward broader ecosystems combining stored value, digital wallets, virtual credentials, merchant acceptance, reload functionality and embedded financial services.

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