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)

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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.

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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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