Transaction value of InstaPay Philippines 2019-2023

Published by
Christy Balita,
May 16, 2024
The value of InstaPay transactions in the Philippines surged between 2019 and 2023. From a total transaction value of 0.26 trillion Philippine pesos, this figure rose to 5.02 trillion Philippine pesos in 2023.

InstaPay is an electronic fund transfer service that allows customers to transfer funds instantly to participating banks, mobile wallet operators, or electronic money issuers.

Total value of InstaPay transactions in the Philippines from 2019 to 2023 (in trillion Philippine pesos)

© Statista 2024
Download
Show detailed source information?
Register for free
Already a member?
Log in
Sources

Use Ask Statista Research Service

Release date

April 2024

Region

Philippines

Survey time period

2019 to 2023

Supplementary notes

One Philippines peso is equal to 0.018 U.S. dollars and 0.016 euros as of May 2024.
Figures have been rounded.

Citation formats
Access all statistics starting from $2,388 USD yearly *

* For commercial use only

Basic Account

For single users
$0 USD
Always free
Access limited to Free Statistics. Premium Statistics are not included.
  • Free Statistics
Based on your interests

Starter Account

For single users
$199 USD
per month, billed annually 1
Buy now
  • Free Statistics
  • Premium Statistics

    • The statistic on this page is a Premium Statistic and is included in this account.

Professional Account

For teams of up to 5 people
$959 USD
per month, billed annually 1
Buy now
  • Free + Premium Statistics
  • Reports
  • Market Insights

1 All prices do not include sales tax. The account requires an annual contract and will renew after one year to the regular list price.

Compare accounts

Statistics on " Digital payments in the Philippines "

The most important statistics
The most important statistics
The most important statistics
The most important statistics
The most important statistics
The most important statistics
The most important statistics
The most important statistics

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 Content: You might find this interesting as well

Topics

Digital payments in the PhilippinesBanking in the PhilippinesCoronavirus (COVID-19) pandemic in the PhilippinesE-commerce in the PhilippinesSocial media in the Philippines
All features, all contents, at all times: Learn more about our professional solutions.

* For commercial use only

Basic Account

For single users
$0 USD
Always free
Access limited to Free Statistics. Premium Statistics are not included.
  • Free Statistics
Based on your interests

Starter Account

For single users
$199 USD
per month, billed annually 1
Buy now
  • Free Statistics
  • Premium Statistics

    • The statistic on this page is a Premium Statistic and is included in this account.

Professional Account

For teams of up to 5 people
$959 USD
per month, billed annually 1
Buy now
  • Free + Premium Statistics
  • Reports
  • Market Insights

1 All prices do not include sales tax. The account requires an annual contract and will renew after one year to the regular list price.

Compare accounts
Learn more about how Statista can support your business.