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Philippines

Philippine Peso (PHP)

The digital payment industry is booming in the Philippines, with a 30% increase in online payments this year alone. The Philippine Central Bank is aiming to have at least 70% of the adult population banked by 2023.

Philipines flag

Population

111,046,910

Banked Population:

51.37%

Group 427321246

Main industries

Manufacturing, Pharmaceuticals, Electronics, and Agribusiness

Group 427321247

Main imports

Integrated Circuits, Refined Petroleum, Broadcasting Equipment, Office Machine Parts, and Cars

Group 427321248

Main exports

Integrated Circuits, Office Machine Parts, Electrical Transformers, Insulated Wire, and Semiconductor Devices

GDP stats

$3,548.8

Per capita (USD)

5.7%

Growth annually

39

World ranking

Internet usage

68%

Smartphone usage

84.7%

Credit/debit card usage

21%

Population transacting electronically

25%

Group 427321245 1

Total volume of digital payments projected to reach

$31.24B (USD)

Payment Methods in Philippines

All
  • All Methods
  • eWallet
  • Crypto
  • QR Code
  • Wire Transfer
  • Instant Bank Wire
  • Cash
  • ATM Offline
  • ATM Online

Maya

eWallet

CRYPTO

QRCODE

QRCODE

Metrobank

Wire Transfer

Philippine National Bank

Wire Transfer

PSBank

Wire Transfer

Robinsons Bank

Wire Transfer

Security Bank

Wire Transfer

Asia United Bank

Wire Transfer

Banco de Oro

Wire Transfer

Bank of Commerce Philippines

Wire Transfer

Chinabank

Wire Transfer

EastWest Bank

Wire Transfer

Maybank

Wire Transfer

Landbank

Instant Bank Wire

Rizal Commercial Banking Corporation

Instant Bank Wire

Security Bank

Instant Bank Wire

Unionbank

Instant Bank Wire

SM Payment Counter

Cash

Tambunting Pawnshop

Cash

Unionbank

Cash

USSC

Cash

Villarica

Cash

Coins.ph

eWallet

Dragonpay Credit

eWallet

GCash Bills Pay

eWallet

Globe GCash

eWallet

Grabpay

eWallet

Moneygment

eWallet

Maya Bills Pay

eWallet

PayMaya

eWallet

RCBC Diskartech

eWallet

ShopeePay

eWallet

Bank of the Philippine Islands

Instant Bank Wire

Banco de Oro

Cash

Bank of the Philippine Islands

Cash

Chinabank

Cash

Cebuana Lhuillier

Cash

CVM Pawnshop and Money Changer

Cash

ECPay

Cash

EastWest Bank

Cash

I2I Rural Banks

Cash

Landbank

Cash

Metrobank

Cash

M Lhuillier

Cash

Palawan Pawnshop

Cash

PNB Cash

Cash

PeraHub Cash

Cash

Rizal Commercial Banking Corporation

Cash

Robinsons Department Store

Cash

Robinsons Bank

Cash

Security Bank

Cash

Banco de Oro

ATM Offline

Rizal Commercial Banking Corporation

ATM Offline

Landbank

ATM Online

Banco de Oro

Cash

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