QR Ph P2P transaction volume Philippines 2022-2023

Published by
Christy Balita,
Jul 24, 2024

The volume of QR Ph person-to-person (P2P) transactions in the Philippines reached 15.2 million in 2023, indicating a 604 percent increase from the previous year. QR PH is a national QR code standard that facilitates the transfer of funds between participating banks and electronic wallets within the country. 

Total volume of QR Ph person-to-person (P2P) transactions in the Philippines in 2022 and 2023 (in millions)

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Release date

July 2024

Region

Philippines

Survey time period

2022 to 2023

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Statistics on " Digital payments in the Philippines "

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Other statistics that may interest you Digital payments in the Philippines

Overview

5

Key indicators

6

Electronic fund transfer

6

Digital or mobile wallets

6

Debit and credit card

4

QR transactions

4

BNPL

4

Consumer behavior

4

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Topics

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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