Digital payments in the Philippines

Statistics report on digital payments in the Philippines

Digital payments in the Philippines

This report presents facts and figures about digital payments in the Philippines. In particular, it highlights the various key performance indicators related to online payments, including transaction value, number, and penetration rate of digital payment users, as well as the share of digital payments to total retail payments in the Philippines. Additionally, this report presents data on value payment methods, including electronic fund transfer, digital or mobile wallets, QR payments, and BNPL. Finally, this report includes consumer perspectives relating to the use of such payment alternatives.

Table of contents

Overview

5
  • Premium Statistic Digital wallet as a share of e-commerce payments APAC 2023, by country
  • Premium Statistic Share of internet users using mobile payments APAC 2023, by country
  • Premium Forecast Digital payments transaction value in Southeast Asia 2023, by country and segment
  • Premium Statistic Most used in-store (POS) payment methods in Philippines 2017-2023, with 2027 forecast
  • Premium Statistic Payment method distribution in online shopping Philippines 2023

Key indicators

6
  • Premium Forecast Revenue of the digital payments industry Philippines 2018-2028
  • Premium Forecast Digital payments transaction value Philippines 2023, by segment
  • Premium Forecast Number of digital payment users Philippines 2023, by segment
  • Premium Forecast Digital payments penetration rate Philippines 2023, by segment
  • Basic Statistic Volume share of digital payments Philippines 2013-2023
  • Premium Statistic Value share of digital payments Philippines 2018-2023

Electronic fund transfer

6
  • Premium Statistic Share of bank transfer in e-commerce transaction value Philippines 2021-2027
  • Premium Statistic Volume share of instant payments Philippines 2018-2028
  • Premium Statistic Transaction volume of PESONet Philippines 2019-2023
  • Premium Statistic Transaction value of PESONet Philippines 2019-2023
  • Premium Statistic Transaction volume of InstaPay Philippines 2019-2023
  • Premium Statistic Transaction value of InstaPay Philippines 2019-2023

Digital or mobile wallets

6
  • Premium Statistic Number of active digital wallets users Philippines 2021-2025
  • Premium Statistic Number of digital wallets downloaded Philippines 2018-2022
  • Premium Statistic Average monthly visits of mobile wallet apps Philippines 2019-2022
  • Premium Statistic Leading mobile wallet Philippines 2022, based on monthly active users
  • Premium Statistic Leading mobile wallet apps market share Philippines 2023
  • Premium Statistic Finance apps with the most downloads Philippines 2023

Debit and credit card

4
  • Premium Statistic Card scheme distribution in online shopping Philippines 2023
  • Premium Statistic Card payment transaction value Philippines 2021-2024
  • Premium Statistic Debit card payment transaction value Philippines 2020-2028
  • Premium Statistic Credit card payment transaction value Philippines 2020-2028

QR transactions

4
  • Premium Statistic QR Ph P2P transaction value Philippines 2022-2023
  • Premium Statistic QR Ph P2P transaction volume Philippines 2022-2023
  • Premium Statistic QR Ph P2M transaction value Philippines 2022-2023
  • Premium Statistic QR Ph P2M transaction volume Philippines 2022-2023

BNPL

4
  • Premium Statistic BNPL spending on e-commerce Philippines 2021-2026
  • Premium Statistic Number of Buy Now, Pay Later users Philippines 2020-2022
  • Premium Statistic BNPL share of online shopping payments Philippines 2022-2027
  • Premium Statistic Top categories purchased with buy-now-pay-later plan among consumers Philippines 2022

Consumer behavior

4
  • Premium Statistic Most-used payment methods Philippines 2023
  • Premium Statistic E-payment method users in the Philippines 2022
  • Premium Statistic Transactions using e-payment methods Philippines 2022
  • Premium Statistic Popular e-payment services used Philippines 2022

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