The risks posed by traditional method of cash transactions during the coronavirus (COVID-19) pandemic led to a surge in online or digital money transactions across the globe. In the Philippines, the volume of electronic money transactions processed by banks and financial institutions increased by more than 160 percent to 1.65 billion in 2020. Filipino consumers highlight the convenience of electronic transactions as the main reason for choosing this payment method.
Total volume of electronic money transactions in the Philippines in 2019 and 2020
(in billions)
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The Philippine Star. (June 9, 2021). Total volume of electronic money transactions in the Philippines in 2019 and 2020 (in billions) [Graph]. In Statista. Retrieved December 21, 2024, from https://www.statista.com/statistics/1246888/electronic-money-transaction-volume-philippines/
The Philippine Star. "Total volume of electronic money transactions in the Philippines in 2019 and 2020 (in billions)." Chart. June 9, 2021. Statista. Accessed December 21, 2024. https://www.statista.com/statistics/1246888/electronic-money-transaction-volume-philippines/
The Philippine Star. (2021). Total volume of electronic money transactions in the Philippines in 2019 and 2020 (in billions). Statista. Statista Inc.. Accessed: December 21, 2024. https://www.statista.com/statistics/1246888/electronic-money-transaction-volume-philippines/
The Philippine Star. "Total Volume of Electronic Money Transactions in The Philippines in 2019 and 2020 (in Billions)." Statista, Statista Inc., 9 Jun 2021, https://www.statista.com/statistics/1246888/electronic-money-transaction-volume-philippines/
The Philippine Star, Total volume of electronic money transactions in the Philippines in 2019 and 2020 (in billions) Statista, https://www.statista.com/statistics/1246888/electronic-money-transaction-volume-philippines/ (last visited December 21, 2024)
Total volume of electronic money transactions in the Philippines in 2019 and 2020 (in billions) [Graph], The Philippine Star, June 9, 2021. [Online]. Available: https://www.statista.com/statistics/1246888/electronic-money-transaction-volume-philippines/
