Key facts
- Digital channels represented 64.7% of total retail payments in the Philippines in 2025.
- This achievement meets the Bangko Sentral ng Pilipinas' target for digital payment adoption.
- The percentage of digital payments rose from 57.4% in 2024.
- Digital payment accounts saw a 69.4% increase.
- The number of merchant locations accepting digital payments grew by 36.3%.
Digital channels accounted for 64.7% of all retail transactions in the Philippines in 2025, surpassing the Bangko Sentral ng Pilipinas' (BSP) target for digital payment adoption. This figure represents an increase from 57.4% in 2024. The growth was supported by a significant rise in digital payment accounts, which increased by 69.4%, and a 36.3% expansion in merchant locations accepting digital payments. The national QR standard, QR Ph, along with digital wallets like GCash and Maya, have been instrumental in accelerating the country's shift towards a cashless economy.