The mobile contactless payment industry is rapidly evolving, revolutionizing how individuals and businesses conduct transactions on a daily basis. Companies operating in this sector provide innovative solutions such as digital wallets, mobile payment apps, and wearables. With growing consumer preference for cashless payments, the industry is shifting towards seamless, secure experiences that enhance convenience. As technology advances, we can expect increased integration of AI and blockchain, further transforming payment processing and expanding accessibility. The move towards financial inclusion globally suggests an exciting future for mobile payments, fostering consumer confidence and collaboration among stakeholders.


This listing features a range of 22 mobile contactless payment companies, varying in size from 11 to over 10,000 employees. Headquartered in diverse locations such as Hong Kong, India, and the Philippines, these firms were founded between 2004 and 2018, indicating a growing interest in contactless solutions. Specializations in the sector include fintech innovations, mobile wallets, digital gateways, and more. Understanding these companies provides insight into how they are shaping the financial transaction landscape across various regions.


Read on to discover the top mobile contactless payment companies.


Top 22 Mobile Contactless Payment Companies


1. Octopus Holdings Limited

  • Website: octopus.com.hk
  • Ownership type: Private
  • Headquarters: Hong Kong S.A.R
  • Employee distribution: Hong Kong S.A.R 100%
  • Founded year: 2005
  • Headcount: 201-500
  • LinkedIn: octopus-cards-limited

Octopus Holdings Limited, founded in 2005, is a private payment service provider based in Hong Kong. The company is best known for its Octopus card system, a contactless smart card that facilitates electronic payments across various sectors, including public transportation and retail. With a workforce of approximately 304 employees, Octopus has become an integral part of daily life in Hong Kong, enabling seamless transactions for millions of users. The Octopus app further extends their service offerings, allowing users to manage their cards, top up balances, and make payments directly from their smartphones. This focus on mobile integration and user-friendly services underscores their commitment to enhancing the payment experience in a rapidly evolving digital landscape.


2. GCash

  • Website: gcash.com
  • Ownership type: Private
  • Headquarters: Taguig, Metro Manila, Philippines
  • Employee distribution: Philippines 100%
  • Latest funding: April 2025
  • Founded year: 2015
  • Headcount: 501-1000
  • LinkedIn: wearegcash

GCash is a financial technology company based in Taguig, Metro Manila, Philippines, founded in 2015. It specializes in mobile payment and digital wallet services, catering to both individual consumers and businesses. GCash offers a comprehensive suite of financial solutions, including cashless transactions, bill payments, and investment opportunities. The platform has gained significant traction, boasting over 20 million registered users and partnerships with more than 139,000 merchants across the country. GCash is recognized for its commitment to security, being a licensed e-money issuer and remittance agent regulated by the Bangko Sentral ng Pilipinas. The company has received multiple awards for its innovative services and contributions to financial inclusion in the Philippines.


3. Oxigen


Oxigen Services India Pvt. Ltd. is a fintech company based in Gurugram, Haryana, India, founded in 2004. The company specializes in micropayments and online payment processing, offering a variety of services such as mobile recharges, bill payments, and money transfer solutions. With a workforce of approximately 867 employees, Oxigen serves both businesses and consumers, enhancing transaction efficiency and accessibility within the financial ecosystem. The company has developed a robust platform that supports various payment methods, including mobile wallets and POS systems, making it easier for users to conduct transactions. Oxigen has also been active in promoting financial inclusion, particularly in rural areas, by providing access to banking and payment services through its Micro ATM and retail outlet solutions. Their technology integrates with major payment systems, allowing for seamless transactions across different service providers. Oxigen has received recognition for its contributions to the payments ecosystem, including awards for financial inclusion initiatives.


4. MuchBetter

  • Website: muchbetter.com
  • Ownership type: Private
  • Headquarters: London, England, United Kingdom (UK)
  • Employee distribution: Isle of Man 74%, Costa Rica 16%, United Kingdom (UK) 6%, Other 4%
  • Founded year: 2017
  • Headcount: 51-200
  • LinkedIn: mir-muchbetter

MuchBetter is a digital payment service company based in London, UK, founded in 2017. The company specializes in providing a range of payment solutions, including a digital wallet, payment gateway, and wearable payment devices. MuchBetter serves both consumers and businesses, offering efficient and secure methods for managing and transferring money. Their product lineup includes the MuchBetter wallet, which allows users to top up, withdraw, send, and store money with ease. Additionally, they offer a prepaid Mastercard and unique contactless payment rings, which facilitate quick transactions without the need for a traditional wallet. MuchBetter is regulated as an electronic-money institution by the UK Financial Conduct Authority, ensuring compliance and security in their operations. The company has a significant employee presence in the Isle of Man and Costa Rica, indicating a broad operational footprint.


5. AlipayHK

  • Website: alipayhk.com
  • Ownership type: Private
  • Headquarters: Hong Kong S.A.R
  • Employee distribution: Hong Kong S.A.R 98%, China 2%
  • Founded year: 2018
  • Headcount: 201-500
  • LinkedIn: alipayhk

Alipay Financial Services (HK) Limited, known as AlipayHK, is a private financial services company established in 2018. Based in Hong Kong, it specializes in mobile payment solutions that facilitate a variety of transactions, including online shopping, bill payments, and remittance services. AlipayHK serves both consumers and businesses, aiming to provide a smooth and efficient payment experience through its mobile application. The company has also introduced a loyalty rewards program to boost customer engagement. AlipayHK is notable for being the first electronic wallet in Hong Kong to implement QR code payments for public transport, showcasing its commitment to innovation in the payment sector. The company operates primarily in Hong Kong, with a small presence in China, and has not reported any funding to date.


6. Satispay

  • Website: satispay.com
  • Ownership type: Venture Capital
  • Headquarters: Milan, Lombardy, Italy
  • Employee distribution: Italy 81%, Luxembourg 10%, Spain 6%, Other 4%
  • Latest funding: $64.0M, November 2024
  • Founded year: 2013
  • Headcount: 501-1000
  • LinkedIn: satispay

Satispay S.p.A., founded in 2013 and headquartered in Milan, Italy, is a digital payment service provider that specializes in mobile applications for seamless digital payments and money transfers. The company caters to both consumers and businesses, offering solutions for everyday transactions and employee welfare through meal vouchers. Satispay's platform is designed to enhance payment accessibility and convenience, allowing users to make contactless payments in stores and online. With a user base exceeding 4.5 million and partnerships with over 400,000 merchants, Satispay has established a strong presence in the Italian market. The company has recently secured €63.9 million in funding, reflecting its growth trajectory and commitment to expanding its services. Satispay's focus on digital solutions positions it as a relevant player in the mobile payment industry, particularly in the context of evolving consumer preferences for contactless transactions.


7. Interswitch Group

  • Website: interswitchgroup.com
  • Ownership type: Private Equity
  • Headquarters: Lagos, Lagos, Nigeria
  • Employee distribution: Nigeria 96%, Kenya 2%, Other 2%
  • Latest funding: $110.0M, May 2022
  • Founded year: 2002
  • Headcount: 1001-5000
  • LinkedIn: interswitch-limited

Interswitch Group, founded in 2002 and based in Lagos, Nigeria, is a technology-driven company that specializes in electronic payments and digital commerce solutions. The firm provides a comprehensive suite of services, including payment gateways, card issuance, and advisory services tailored for individuals and businesses across various sectors. Interswitch operates primarily in Africa, where it plays a pivotal role in facilitating secure and efficient transactions. The company is known for its Interswitch Payment Gateway (IPG), which allows businesses to accept payments through multiple channels, including USSD, local and international cards, and bank transfers. With a workforce of over 1,700 employees, Interswitch has established itself as a key player in the payment processing industry, serving more than 31,000 businesses. The company has also received significant funding, with a reported amount of $110 million in May 2022, underscoring its commitment to innovation and expansion in the digital payment space.


8. ZainCash

  • Website: zaincash.iq
  • Ownership type: Private
  • Headquarters: Baghdad, Baghdad Governorate, Iraq
  • Employee distribution: Iraq 99%
  • Founded year: 2015
  • Headcount: 51-200
  • LinkedIn: zain-cash

ZainCash is a financial services company based in Baghdad, Iraq, founded in 2015. It operates under a private ownership model and has grown to employ between 51 and 200 people. The company is licensed by the Central Bank of Iraq to offer electronic financial services, which include mobile wallets, money transfers, and payment gateways. ZainCash aims to enhance financial accessibility and security for individuals, businesses, and organizations across Iraq. They have facilitated billions of transactions since inception, catering to various customer segments, including government entities and charity organizations. Notably, ZainCash has received recognition for its innovative approach, being awarded the 'Telecom Lead Innovation' in 2019 and nominated for 'The Best Mobile Innovation supporting Emergency' by the GSMA in 2020/21. Their services are designed to meet the needs of a rapidly evolving digital economy, making them a significant player in the mobile payment industry.


9. Wave Money

  • Website: wavemoney.com.mm
  • Ownership type: Corporate
  • Headquarters: Yangon, Yangon, Myanmar
  • Employee distribution: Myanmar 97%, Other 3%
  • Latest funding: January 2022
  • Founded year: 2015
  • Headcount: 201-500
  • LinkedIn: digital-money-myanmar

Wave Money is a mobile financial service provider based in Yangon, Myanmar, founded in 2015. The company offers a range of services designed to facilitate financial transactions for both consumers and businesses. Its flagship product, WavePay, is a mobile wallet application that allows users to perform various transactions, such as money transfers, bill payments, and mobile top-ups. Wave Money has built an extensive network of over 65,000 agents across Myanmar, covering approximately 89% of the country, which enables them to reach a significant portion of the unbanked population. The company has been recognized for its innovative approach, being the first in Myanmar to launch an open API for merchants and achieving profitability within two years of its launch. Wave Money's commitment to providing accessible financial services has made it a key player in the mobile payment industry in Myanmar.


10. McLEAR

  • Website: mclear.com
  • Ownership type: Venture Capital
  • Headquarters: Richmond, England, United Kingdom (UK)
  • Employee distribution: United Kingdom (UK) 84%, China 16%
  • Latest funding: Series A, $23.0M, June 2017
  • Founded year: 2012
  • Headcount: 11-50
  • LinkedIn: mclear

McLEAR is a technology firm based in Richmond, England, founded in 2012. The company is known for its innovative contactless payment solutions, primarily through the McLEAR Ring and the RingPay app. These products enable users to make secure payments simply by waving their hand, providing a convenient alternative to traditional payment methods. The rings are designed for everyday use, being waterproof, scratch-resistant, and hypoallergenic. McLEAR has played a significant role in the smart ring industry, having catalyzed its development with the introduction of the NFC Ring in 2013. The company has partnered with notable financial and technology institutions, including Visa, to enhance its offerings. McLEAR has also secured substantial funding, with a Series A round raising £23 million in 2017, which underscores the confidence investors have in their technology and market potential.


11. Bluecode

  • Website: bluecode.com
  • Ownership type: Private
  • Headquarters: Lachen, Schwyz, Switzerland
  • Employee distribution: Austria 63%, Switzerland 14%, Germany 14%, Other 9%
  • Latest funding: $24.3M, April 2021
  • Founded year: 2017
  • Headcount: 51-200
  • LinkedIn: bluecodepayment

Bluecode, founded in 2017 and based in Lachen, Switzerland, is a mobile payment provider that specializes in cashless transactions through smartphones. The company aims to enhance the payment experience for consumers and businesses alike, offering solutions that integrate seamlessly into existing retail and banking systems. Bluecode's technology prioritizes security and user experience, ensuring that transactions are not only quick but also safe. The company has garnered attention for its innovative approach, which includes the ability to integrate its payment solutions into other apps, thereby transforming them into mobile payment platforms. With a workforce of around 85 employees and a significant portion of its operations in Austria, Bluecode has established a growing network of acceptance points across Europe. The company received funding of approximately 24.25 million euros in April 2021, reflecting strong investor interest in its potential to expand and innovate within the mobile payment sector.


12. Fidesmo

  • Website: fidesmo.com
  • Ownership type: Venture Capital
  • Headquarters: Stockholm, Stockholm, Sweden
  • Employee distribution: Sweden 50%, Spain 42%, Germany 8%
  • Latest funding: $3.0M, February 2018
  • Founded year: 2013
  • Headcount: 11-50
  • LinkedIn: fidesmo

Fidesmo, founded in 2013 and based in Stockholm, Sweden, is a technology company that focuses on contactless payment solutions and secure element integrations. With a team of 26 employees, Fidesmo operates in multiple countries, including Sweden, Spain, and Germany. The company offers a range of services, including Fidesmo Pay, digital IDs, and access control systems, catering to businesses in the technology and financial sectors. Their platform supports secure transactions across various devices, such as wearables and smartphones, and is designed to enhance security through tokenization. Fidesmo has received funding amounting to approximately $2.97 million, which underscores investor confidence in their business model and growth potential. Their collaborations with industry giants like Samsung and Visa further solidify their position in the contactless payment market.


13. Zalopay

  • Website: zalopay.vn
  • Ownership type: Private
  • Headquarters: Ho Chi Minh City, Ho Chi Minh, Vietnam
  • Employee distribution: Vietnam 100%
  • Founded year: 2017
  • Headcount: 501-1000
  • LinkedIn: zalopay

Zalopay, operated by ZION Joint Stock Company, is a financial technology service provider based in Ho Chi Minh City, Vietnam. Founded in 2017, Zalopay has quickly positioned itself as a significant player in the electronic payment sector. The platform allows users to perform a variety of financial transactions, including money transfers, bill payments, and online shopping, all through a convenient app that integrates with the Zalo messaging service. This unique integration enables users to send money while chatting, streamlining the payment process. Zalopay is designed primarily for individual consumers in Vietnam, catering to their everyday financial needs. The company has formed partnerships with numerous merchants and service providers, enhancing its acceptance across the country. Zalopay is also committed to security, having achieved international standards for data protection. As of now, there are no reported funding rounds, indicating that the company may be self-sustaining or operating on internal resources.


14. Moca

  • Website: moca.vn
  • Ownership type: Venture Capital
  • Headquarters: Hanoi, Hanoi, Vietnam
  • Employee distribution: Vietnam 62%, Jamaica 12%, Mexico 12%, Other 12%
  • Latest funding: September 2018
  • Founded year: 2013
  • Headcount: 51-200
  • LinkedIn: moca-inc-

Moca, founded in 2013 and based in Hanoi, Vietnam, is a mobile payment service provider that specializes in offering a range of financial technology solutions. The company enables users to make in-store payments, pay taxi fares, and settle online bills through its mobile application. Moca's services are designed to provide consumers with convenient and secure payment options, utilizing QR code technology for transactions. The company has received a license from the State Bank of Vietnam, affirming its compliance with local regulations. With a workforce of around 23 employees, Moca operates primarily in Vietnam, but also has a small presence in Jamaica, Mexico, and the Philippines. Their focus on enhancing user experience and security in mobile payments positions them as a relevant entity in the financial technology landscape.


15. FeliCa Networks, Inc.


FeliCa Networks, Inc., established in 2004 and based in Shinagawa City, Tokyo, Japan, is a technology company that specializes in contactless IC card technology and mobile payment solutions. The company is known for its development of mobile FeliCa IC chips, which are integral to various mobile payment applications. FeliCa Networks provides secure application management platforms that support a range of services, including transportation tickets and payment systems, primarily targeting businesses in the transportation and retail sectors. Their technology enhances transaction security and improves customer engagement through digital marketing services. FeliCa Networks has played a significant role in the evolution of mobile payments in Japan, particularly with the integration of their technology into popular services like Apple Pay and various electronic money systems. The company is partially owned by major stakeholders, including Sony Corporation and NTT Docomo, which underscores its importance in the mobile payment ecosystem.


16. OPay

  • Website: opayweb.com
  • Ownership type: Private Equity
  • Headquarters: Ojodu, Lagos, Nigeria
  • Employee distribution: Nigeria 90%, Egypt 4%, China 3%, Other 2%
  • Latest funding: Series C, $400.0M, August 2021
  • Founded year: 2018
  • Headcount: 201-500
  • LinkedIn: opay

OPay Digital Services Limited, founded in 2018 and based in Lagos, Nigeria, is a fintech company that specializes in providing a wide range of financial services. These services include mobile money, payment processing, and financial management solutions tailored for both consumers and businesses. OPay aims to simplify financial transactions through its platform, offering features such as instant transfers, debit cards, and utility bill payments. The company has a strong presence in Nigeria, where approximately 90% of its employees are located, and it has also expanded its services to Egypt. OPay has received significant funding, with a Series C round raising $400 million in August 2021, which underscores its growth potential and commitment to enhancing financial inclusion through technology. With a mission to serve millions of users and merchants, OPay is positioned as a key player in the mobile payment sector.


17. D Money Bangladesh Ltd

  • Website: dmoney.com.bd
  • Ownership type: Venture Capital
  • Headquarters: Dhaka, Dhaka, Bangladesh
  • Employee distribution: Bangladesh 100%
  • Latest funding: Seed, September 2019
  • Founded year: 2016
  • Headcount: 51-200
  • LinkedIn: dmoney

D Money Bangladesh Ltd, founded in 2016, is a digital payment platform based in Dhaka, Bangladesh. The company provides a range of financial services designed to facilitate cashless transactions, including money transfers, bill payments, and e-commerce solutions. D Money aims to enhance the digital financial ecosystem by offering services that cater to both individual consumers and businesses. They are recognized for their innovative approach, being the first in the country to implement an interoperable QR payment system that meets international standards. This capability allows users to make payments effortlessly at various merchants, contributing to the growth of digital transactions in the region. D Money is committed to building a comprehensive digital service ecosystem, ensuring that users have access to a wide array of financial solutions in one platform.


18. xpWallet Technologies Pvt. Ltd.

  • Website: xpwallet.com
  • Ownership type: Private
  • Headquarters: New Delhi, Delhi, India
  • Employee distribution: India 100%
  • Founded year: 2011
  • Headcount: 11-50
  • LinkedIn: xpwallet

xpWallet Technologies Pvt. Ltd., based in New Delhi, India, is a private company founded in 2011. It specializes in mobile wallet solutions, providing a comprehensive suite of financial technology services that cater to telcos, banks, and retailers. Their offerings include fund transfers, bill payments, and merchant payment services, all designed to enhance payment processing capabilities. Operating on a Software as a Service (SaaS) model, xpWallet focuses on delivering secure and efficient transaction solutions for both businesses and consumers. The company has developed a core mWallet platform that supports various functionalities, including NFC payments, which are crucial for contactless transactions. Their commitment to innovation is evident in their product range, which also includes features like mobile top-ups and loyalty programs, aimed at improving user experience and engagement.


19. Pago46

  • Website: pago46.com
  • Ownership type: Venture Capital
  • Headquarters: Mexico City, Mexico City, Mexico
  • Employee distribution: Argentina 60%, United States (USA) 16%, Mexico 8%, Other 16%
  • Latest funding: Seed, $2.0M, December 2020
  • Founded year: 2014
  • Headcount: 11-50
  • LinkedIn: 46-degrees

Pago46, founded in 2014 and based in Mexico City, is a payment solutions provider that specializes in mobile payment processing. The company offers a mobile application designed to facilitate efficient payment transactions for both businesses and consumers. With a focus on security and convenience, Pago46 enables users to make and receive payments seamlessly. The company operates primarily in the financial services sector, aiming to enhance payment efficiency through innovative technology. As of December 2020, Pago46 secured $2 million in seed funding, which underscores its growth potential and commitment to expanding its services. The company has a significant employee distribution across Latin America, with a notable presence in Argentina, indicating its regional influence and operational reach.


20. Swish

  • Website: swish.nu
  • Ownership type: Venture Capital
  • Headquarters: Stockholm, Stockholm, Sweden
  • Employee distribution: Sweden 98%, Other 2%
  • Latest funding: October 2012
  • Founded year: 2012
  • Headcount: 51-200
  • LinkedIn: getswish

Swish, operated by Getswish AB, is a financial technology company based in Stockholm, Sweden. Since its inception in 2012, Swish has revolutionized mobile payments in Sweden, allowing users to make instant payments using their phone numbers. This service caters to a wide range of users, from individuals to businesses and organizations, streamlining payment processes and enhancing transaction security. Swish has gained significant traction, with approximately 8 million users, reflecting its popularity and trust among the Swedish population. The company is also focused on continuous improvement, recently rolling out features like automatic and recurring payments in collaboration with major banks. Swish is monitored by the Riksbank, Sweden's central bank, ensuring compliance and security in its operations. The company is positioned well within the fintech space, actively contributing to the evolution of mobile payment solutions.


21. Alipay

  • Website: alipay.com
  • Ownership type: Private
  • Headquarters: Hangzhou, Zhejiang, China
  • Founded year: 2004
  • Headcount: 10001+
  • LinkedIn: alipay-com

Alipay, founded in 2004 and based in Hangzhou, Zhejiang, China, is a private payment processing company that specializes in mobile and online payment solutions. With a user base exceeding 1.3 billion and partnerships with around 80 million merchants, Alipay plays a crucial role in the financial technology sector. The platform is designed to meet the needs of both consumers and businesses, providing secure transaction capabilities and digital business solutions. Alipay's services include various payment options, digital wallets, and financial services, which enhance the user experience and streamline payment processes for merchants. The company is a subsidiary of Ant Group, which further solidifies its position in the fintech industry.


22. Rede

  • Website: userede.com.br
  • Ownership type: Private
  • Headquarters: Sao Paulo, Sao Paulo, Brazil
  • Employee distribution: Brazil 100%
  • Founded year: 1996
  • Headcount: 1001-5000
  • LinkedIn: userede

Rede, founded in 1996 and based in São Paulo, Brazil, is a private payment processing company that specializes in providing transaction solutions for businesses. With a workforce of nearly 3,000 employees, Rede offers a comprehensive suite of services, including card machines, digital wallets, and payment gateways. Their product offerings, such as the 'Laranjinha' series of card machines, support various payment methods, including contactless payments through NFC technology. Rede's focus on enhancing business efficiency through digital platforms for sales and payment management underscores their commitment to the payment processing industry. Operating exclusively in Brazil, Rede plays a significant role in the local market, catering to the needs of businesses seeking reliable and innovative payment solutions.



Mobile Contactless Payment Insights: Key Companies


CompanyHeadquarterSizeFoundedOwnership
Octopus Holdings LimitedHong Kong S.A.R201-5002005Private
GCashTaguig, Metro Manila, Philippines501-10002015Private
OxigenGurugram, Haryana, India501-10002004Private
MuchBetterLondon, England, United Kingdom (UK)51-2002017Private
AlipayHKHong Kong S.A.R201-5002018Private
SatispayMilan, Lombardy, Italy501-10002013Venture Capital
Interswitch GroupLagos, Lagos, Nigeria1001-50002002Private Equity
ZainCashBaghdad, Baghdad Governorate, Iraq51-2002015Private
Wave MoneyYangon, Yangon, Myanmar201-5002015Corporate
McLEARRichmond, England, United Kingdom (UK)11-502012Venture Capital
BluecodeLachen, Schwyz, Switzerland51-2002017Private
FidesmoStockholm, Stockholm, Sweden11-502013Venture Capital
ZalopayHo Chi Minh City, Ho Chi Minh, Vietnam501-10002017Private
MocaHanoi, Hanoi, Vietnam51-2002013Venture Capital
FeliCa Networks, Inc.Shinagawa City, Tokyo, Japan51-2002004Private
OPayOjodu, Lagos, Nigeria201-5002018Private Equity
D Money Bangladesh LtdDhaka, Dhaka, Bangladesh51-2002016Venture Capital
xpWallet Technologies Pvt. Ltd.New Delhi, Delhi, India11-502011Private
Pago46Mexico City, Mexico City, Mexico11-502014Venture Capital
SwishStockholm, Stockholm, Sweden51-2002012Venture Capital
AlipayHangzhou, Zhejiang, China10001+2004Private
RedeSao Paulo, Sao Paulo, Brazil1001-50001996Private


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