The Philippines recorded a 2,800 percent increase in the transaction volume between individuals and merchants using QR Ph between 2022 and 2023. From 2.1 million, this figure reached about 59 million 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 volume of QR Ph person-to-merchant (P2M) transactions in the Philippines in 2022 and 2023
(in millions)
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BSP. (July 23, 2024). Total volume of QR Ph person-to-merchant (P2M) transactions in the Philippines in 2022 and 2023 (in millions) [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/1498562/qr-ph-person-to-merchant-transaction-volume-philippines/
BSP. "Total volume of QR Ph person-to-merchant (P2M) transactions in the Philippines in 2022 and 2023 (in millions)." Chart. July 23, 2024. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/1498562/qr-ph-person-to-merchant-transaction-volume-philippines/
BSP. (2024). Total volume of QR Ph person-to-merchant (P2M) transactions in the Philippines in 2022 and 2023 (in millions). Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/1498562/qr-ph-person-to-merchant-transaction-volume-philippines/
BSP. "Total Volume of Qr Ph Person-to-merchant (P2m) Transactions in The Philippines in 2022 and 2023 (in Millions)." Statista, Statista Inc., 23 Jul 2024, https://www.statista.com/statistics/1498562/qr-ph-person-to-merchant-transaction-volume-philippines/
BSP, Total volume of QR Ph person-to-merchant (P2M) transactions in the Philippines in 2022 and 2023 (in millions) Statista, https://www.statista.com/statistics/1498562/qr-ph-person-to-merchant-transaction-volume-philippines/ (last visited November 21, 2024)
Total volume of QR Ph person-to-merchant (P2M) transactions in the Philippines in 2022 and 2023 (in millions) [Graph], BSP, July 23, 2024. [Online]. Available: https://www.statista.com/statistics/1498562/qr-ph-person-to-merchant-transaction-volume-philippines/
