Value share of digital payments Philippines 2018-2023

Published by
Christy Balita,
Oct 16, 2024

In 2023, digital payments accounted for 55.3 percent of the total value of monthly retail payments in the Philippines. This indicated a significant increase in the previous year. However, offline payment methods remain more popular among Filipino consumers.

Value share of digital payments to total monthly retail payments made in the Philippines from 2018 to 2023

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Release date

July 2024

Region

Philippines

Survey time period

2018 to 2023

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Statistics on " Digital payments in the Philippines "

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Other statistics that may interest you Digital payments in the Philippines

Overview

5

Key indicators

6

Electronic fund transfer

6

Digital or mobile wallets

6

Debit and credit card

4

QR transactions

4

BNPL

4

Consumer behavior

4

Further related statistics

5

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Topics

Digital payments in the PhilippinesBanking in the PhilippinesCoronavirus (COVID-19) pandemic in the PhilippinesE-commerce in the PhilippinesSocial media in the Philippines
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