Mobile wallet penetration rate Philippines 2020-2025

Published by
Christy Balita,
Jun 24, 2024
The Philippines is among the countries in Southeast Asia seeing sustained growth in mobile payment transactions. In 2020, the mobile wallet had a penetration rate of 22.4 percent, with forecast figures reaching as much as 63.4 percent in 2025.

Penetration rate of mobile wallet in the Philippines in 2020, with a forecast for 2025

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Release date

July 2021

Region

Philippines

Survey time period

2020

Supplementary notes

*Forecast.

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Overview

5

Cashless payments

5

Mobile payments

5

Market share

4

Leading providers

6

Further related statistics

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Topics

Banking in the PhilippinesE-commerce in the PhilippinesMobile internet & apps in the PhilippinesDigital payments in the PhilippinesFintech in the Philippines
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