East Asia & Pacific · GDP rank #28
Philippines
PH · PHP @ 0.0162/USD
Tab 02
Consumer payments
How consumers actually pay: the share of cash, the stock and flow of cards, the scheme split at checkout, which mobile wallets matter, and how broadly POS acceptance reaches.
Every figure is authored against a named publisher — click the ⓘ anywhere to open the source panel with the underlying URL and access date.
Cash share of POS volume
Cash share of POS value
Debit-card penetration
Credit-card penetration
Payment mix
Cash vs. non-cash
The authored corpus for this country carries a single cash figure; the remainder is reported as a pooled non-cash bucket. See the card and wallet sections for the break-down within that bucket.
Share of POS
- Cash43%
- Non-cash (cards + wallets + A2A)57%
Cash behaviour
- Trend
- declining
- Context
- Online payments stood at 57.4% of monthly retail transaction volume in 2024 per BSP, up from 52.8% in 2023. BSP's Digital Payments Transformation Roadmap targets 60-70% by 2028.
Source · Bangko Sentral ng Pilipinas (BSP)
Scheme share
Which networks clear the card volume
Scheme share is the split of general-purpose card purchase volume — not issuance, not count of cards. A high domestic share (e.g. UnionPay, RuPay, ELO) means a large share of card flow never touches a global scheme.
BancNet is the domestic ATM-and-debit switch; runs alongside PPMI (Philippine Payments Management Inc) for payments-system governance.
Share of card volume
- Visa39%
- Mastercard38%
- Bancnet18%
- Amex3%
- Jcb1%
- Other1%
Debit transactions · 2024
Active debit cards
Credit transactions · 2024
Active credit cards
Mobile wallets
Where wallets actually land
User counts are the best single scalar for wallet reach, but they understate usage intensity in markets where one super-app carries multi-digit trillions of renminbi or rupees. For flow, see the rails tab.
Active users
- GCash86.0M
super-app wallet + digital bank
- Maya64.0M
super-app wallet + digital bank
- ShopeePay19.0M
super-app wallet
- Coins.ph18.0M
crypto + fiat wallet
Notable wallets
GCash
super-app wallet + digital bank
Operator · Mynt (Globe Telecom + Ant International + Ayala + 917 Ventures)
GCash is the dominant wallet with broad merchant acceptance; PSE IPO has slipped at least to H2 2026 per parent disclosures.
Rappler / Mynt
Maya
super-app wallet + digital bank
Operator · Maya Philippines (PLDT + KKR + Tencent + IFC)
Bloomberg reported in February 2026 that Maya is weighing a US IPO of US$500m–$1bn.
Bloomberg
ShopeePay
super-app wallet
Operator · Sea Group
Sea Group
Coins.ph
crypto + fiat wallet
Operator · Coins.ph (independent post-Go-Jek exit)
Coins.ph
Acceptance
- POS terminals
- 230.0k
- POS per million people
- 2.0k
- QR acceptance
- QR Ph is the BSP-coordinated national QR standard; GCash, Maya, and BancNet member banks settle through it.
Source · Bangko Sentral ng Pilipinas (BSP)