Transaction volume of InstaPay Philippines 2019-2023

Published by
Christy Balita,
May 16, 2024
The volume of InstaPay transactions in the Philippines surged between 2019 and 2023. From a total transaction volume of about 34 million, this figure rose to roughly 839 million 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 volume of InstaPay transactions in the Philippines from 2019 to 2023 (in millions)

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Release date

April 2024

Region

Philippines

Survey time period

2019 to 2023

Supplementary notes

Figures have been rounded.

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Statistics on " Digital payments in the Philippines "

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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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