The Philippines recorded a 2,000 percent increase in the transaction value between individuals and merchants using QR Ph between 2022 and 2023. From 2.5 billion Philippine pesos, this figure reached about 55 billion Philippines in 2023.
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-merchant (P2M) transactions in the Philippines in 2022 and 2023
(in billion Philippine pesos)
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BSP. (July 23, 2024). Total value of QR Ph person-to-merchant (P2M) transactions in the Philippines in 2022 and 2023 (in billion Philippine pesos) [Graph]. In Statista. Retrieved December 23, 2024, from https://www.statista.com/statistics/1498559/qr-ph-person-to-merchant-transaction-value-philippines/
BSP. "Total value of QR Ph person-to-merchant (P2M) transactions in the Philippines in 2022 and 2023 (in billion Philippine pesos)." Chart. July 23, 2024. Statista. Accessed December 23, 2024. https://www.statista.com/statistics/1498559/qr-ph-person-to-merchant-transaction-value-philippines/
BSP. (2024). Total value of QR Ph person-to-merchant (P2M) transactions in the Philippines in 2022 and 2023 (in billion Philippine pesos). Statista. Statista Inc.. Accessed: December 23, 2024. https://www.statista.com/statistics/1498559/qr-ph-person-to-merchant-transaction-value-philippines/
BSP. "Total Value of Qr Ph Person-to-merchant (P2m) Transactions in The Philippines in 2022 and 2023 (in Billion Philippine Pesos)." Statista, Statista Inc., 23 Jul 2024, https://www.statista.com/statistics/1498559/qr-ph-person-to-merchant-transaction-value-philippines/
BSP, Total value of QR Ph person-to-merchant (P2M) transactions in the Philippines in 2022 and 2023 (in billion Philippine pesos) Statista, https://www.statista.com/statistics/1498559/qr-ph-person-to-merchant-transaction-value-philippines/ (last visited December 23, 2024)
Total value of QR Ph person-to-merchant (P2M) transactions in the Philippines in 2022 and 2023 (in billion Philippine pesos) [Graph], BSP, July 23, 2024. [Online]. Available: https://www.statista.com/statistics/1498559/qr-ph-person-to-merchant-transaction-value-philippines/
