QR Ph P2P transaction value Philippines 2022-2023

Published by
Christy Balita,
Jul 24, 2024

The value of QR Ph person-to-person (P2P) transactions in the Philippines reached 101.6 billion Philippine pesos in 2023, indicating a 350 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 value of QR Ph person-to-person (P2P) transactions in the Philippines in 2022 and 2023 (in billion Philippine pesos)

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Release date

July 2024

Region

Philippines

Survey time period

2022 to 2023

Supplementary notes

One Philippines peso is equal to 0.017 U.S. dollars and 0.016 euros as of July 2024.

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Statistics on " Digital payments in the Philippines "

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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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