Concerning the three selected segments, the segment Digital Commerce has the largest transaction value with 32.56 billion U.S. dollars. Contrastingly, Digital Remittances is ranked last, with 1.26 billion U.S. dollars. Their difference, compared to Digital Commerce, lies at 31.3 billion U.S. dollars.
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Transaction value of the digital payments market in the Philippines in 2023, by segment
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Data provided by Statista Market Insights are estimates.
Definition:
The Digital Payments market segement is led by consumer transactions and includes payments for products and services which are made over the Internet as well as mobile payments at point of sale (POS) via smartphone applications and cross-border money transfers made over the internet (digital remittances). Transaction value equals money transfers out of the selected region.
Structure:
The three markets in Digital Payments include Digital Commerce, Mobile PoS payments, and Digital Remittances.
Additional Information:
The market comprises transaction values, average transaction value per user, users and user penetration rates. Transaction values in the Digital Payments market segment refers to consumer transactions made via the Internet or mobile wallets.
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Statista. (January 22, 2024). Transaction value of the digital payments market in the Philippines in 2023, by segment (in billion U.S. dollars) [Graph]. In Statista. Retrieved February 21, 2025, from https://www.statista.com/forecasts/1325263/digital-payments-market-transaction-value-by-segment-philippines
Statista. "Transaction value of the digital payments market in the Philippines in 2023, by segment (in billion U.S. dollars)." Chart. January 22, 2024. Statista. Accessed February 21, 2025. https://www.statista.com/forecasts/1325263/digital-payments-market-transaction-value-by-segment-philippines
Statista. (2024). Transaction value of the digital payments market in the Philippines in 2023, by segment (in billion U.S. dollars). Statista. Statista Inc.. Accessed: February 21, 2025. https://www.statista.com/forecasts/1325263/digital-payments-market-transaction-value-by-segment-philippines
Statista. "Transaction Value of The Digital Payments Market in The Philippines in 2023, by Segment (in Billion U.S. Dollars)." Statista, Statista Inc., 22 Jan 2024, https://www.statista.com/forecasts/1325263/digital-payments-market-transaction-value-by-segment-philippines
Statista, Transaction value of the digital payments market in the Philippines in 2023, by segment (in billion U.S. dollars) Statista, https://www.statista.com/forecasts/1325263/digital-payments-market-transaction-value-by-segment-philippines (last visited February 21, 2025)
Transaction value of the digital payments market in the Philippines in 2023, by segment (in billion U.S. dollars) [Graph], Statista, January 22, 2024. [Online]. Available: https://www.statista.com/forecasts/1325263/digital-payments-market-transaction-value-by-segment-philippines
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