Login
Vibrant market with high growth in digital payments. Growing incomes and purchasing power among its large population create huge opportunities for merchants:
- Growing acceptance of mobile payments and wallets like GCash and Maya; both online and offline
- Domestic payments have also seen significant growth, with real-time transfers through InstaPay and PESONet
- QR Ph being one of the eight national QR systems in Southeast Asia connected for cross-border use.
In 2023:
70% of all ecommerce transactions in Philippines were made using digital payments
By 2028:
Philippines’s ecommerce market is projected to increase by 238% to reach US$ 54 billion
83% of ecommerce transactions are expected to be made using digital payments.
