In 2022, the Philippines made one of the highest digital payment transactions in Southeast Asia, with a forecast growth in the next few years. Show more - Description Published by , Dec 21, 2023Editor’s Picks Current statistics on this topic Payments Revenue of the digital payments industry...
Philippines surpasses digital payment target, hits over 50% in 2023 The Bangko Sentral ng Pilipinas (BSP), the Philippines’ central bank, has announced an achievement in the country’s digital finance sector. According to the2023 Report on E-Payments Measurement, the share of digital payment tra...
At the Digital Pilipinas Festival 2023, Robertson Chiang, founder and CEO of Dragonpay, shared his view about the Philippines’ venture into digital transformation and revealed a new offering by the online payments platform. “[Dragonpay] processes everything from online banking ...
Discover the e-commerce business ecosystem and popular digital payments in Indonesia, such as Dana and GoPay, to connect with your potential customers
Governments across the globe are keen to promote digital payments. For instance, in December 2023, the governments of the Philippines and Ghana joined international organizations, including the United Nations (UN), World Food Program, and UN-housed Better Than Cash Alliance, to initiate a new 'ca...
Digital start-ups are proliferating; traditional banks are investing in their digital offerings; and foreign banks and fintech service providers are expanding their presence in the Philippines. Two domestic payments services, GCash and Maya, are operating at scale, and global ...
MANILA, July 6 (Xinhua) -- The share of digital payments to total retail payments volume in the Philippines increased from 20.1 percent in 2020 to 30.3 percent in 2021, according to the data released by the Philippine central bank on Wednesday. ...
Shopee outlines three observations on digital payments in the Philippines: Increased adoption of digital payments among older users: 70% of the total number of purchases made using digital payments were by users between the ages of 18 to 34. However, older users are also starting to adopt digita...
The Philippines +18% +25% Singapore +6% +6% Thailand +12% +20% Viet Nam +13% +23% Source:e-Conomy SEA 2022 report HKTDC Research has talked to the NTT DATA to discover the market potential in the digital payments industry, while revealing game‑changing trends under the RCEP. HKTDC...
The Philippines is expected to have the fastest growing Online Media sector in SEA until 2025, while Thailand is expected to be the largest Online Media market overall between 2023-2030. Adoption of DFS continues to grow with digital payments making up more than 50% of the region’s overall ...