Number of users in the mobile POS payments segment of the fintech market Philippines 2018-2028

The number of users in the 'Mobile POS Payments' segment of the fintech market in the Philippines was forecast to continuously increase between 2024 and 2028 by in total 3.7 million users (+14.74 percent). After the sixth consecutive increasing year, the indicator is estimated to reach 28.79 million users and therefore a new peak in 2028.

The Statista Market Insights cover a broad range of additional markets.

Number of users in the mobile POS payments segment of the fintech market Philippines from 2018 to 2028 (in million individuals)

Characteristic	In million individuals
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Supplementary notes

Data provided by Statista Market Insights are estimates.

Definition:

The Mobile POS Payments market refers to transactions made on mobile devices, such as smartphones or tablets, to process transactions at the point of sale. The payment in this case is made by a contactless interaction of the smartphone app with a suitable payment terminal belonging to the merchant. The data transfer is made via wireless standard NFC (Near Field Communication) or by scanning a QR code to initiate the payment. Users pay for a purchase via a mobile wallet application by triggering an online bank transfer or by using a digitally stored credit or debit card (Host Card Emulation). mPoS payments are becoming increasingly popular as they allow businesses to offer more flexible and convenient payment options for customers, and can also help to reduce costs and improve efficiency. Additionally, mPoS payments can also provide businesses with valuable data and insights into customer behavior and purchasing habits.

Additional Information:

Key players in this market are ApplePay, Google Wallet and Samsung Pay.

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