TL;DR: The BSP reports 65% of retail transactions were made digitally in 2025, up from 57% the previous year.
Digital payments accounted for 64.69% of total retail payment transactions in 2025
QR Ph processed 2.47 billion payments totaling ₱1.16 trillion
Person-to-merchant payments made up 74.31% of digital payment volume
Nearly 65% of retail payment transactions in the Philippines were made digitally in 2025, according to the Bangko Sentral ng Pilipinas (BSP).
According to BSP’s 2025 Report on the Status of Digital Payments, digital payments accounted for 64.69% of transactions, up from 57.45% the previous year. QR Ph made a major contribution, processing 2.47 billion payments totaling ₱1.16 trillion. QR Ph became the leading payment instrument, beating debit and credit cards.
Person-to-merchant payments accounted for 74.31% of total digital payment volume due to an increasing number of businesses that accept digital payments. The reason behind the growth is the decreased costs of transferring money and interoperable payment infrastructure that includes banks and e-wallets.
The central bank has a plan to develop digital payments in the transportation sector, e-commerce, and international remittances.
Sourcebitpinas.com
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