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Digital payments breach 30% in 2021

MANILA - The share of digital payments to total retail payments volume in the Philippines rose to 30.3 percent in 2021 from 20.1 percent in 2020, according to the latest e-payments data of the Bangko Sentral ng Pilipinas (BSP). The value of digital payments in the country, meanwhile, represented 44.1 percent of total retail payments in 2021, up from the 26.8 percent recorded a year earlier. "The latest results show we are closer to meeting our objective of converting at least 50 percent of ...
Bangko Sentral Felipe Medalla Philippine Payments Management Inc Payments Transformation Roadmap Philippine Payments Management Manila The Share Of Digital Payments To Total Retail Volume In Philippines Rose 30 3 Percent 2021 From 20 1 2020

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