Philippines: digital payments transaction value by segment 2023

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.

Find other insights concerning similar markets and segments, such as a ranking by country regarding average revenue per unit (ARPU) in the digital remittances segment of the fintech market and a ranking of subsegments in Brazil regarding number of users in the segment Digital Payments .

The Statista Market Insights cover a broad range of additional markets.

Transaction value of the digital payments market in the Philippines in 2023, by segment (in billion U.S. dollars)

Characteristic	Transaction value in billion U.S. dollars
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Special properties

all figures are estimates

Supplementary notes

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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