Philippines: digital payments penetration rate 2023

Concerning the three selected segments, the segment Digital Commerce has the largest penetration rate with 29.55 percent. Contrastingly, Digital Remittances is ranked last, with 0.16 percent. Their difference, compared to Digital Commerce, lies at 29.39 percentage points.

Find other insights concerning similar markets and segments, such as a ranking of subsegments in Brazil regarding number of users in the segment Digital Payments and a ranking of subsegments in the Philippines regarding number of users in the segment Digital Payments .

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

Penetration rate of digital payments in the Philippines in 2023, by segment

Characteristic	Penetration rate
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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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