Philippines Hits Digital Payments Target, BSP Reports
The Bangko Sentral ng Pilipinas (BSP) announced that digital payments reached 64.7% of total retail payments in 2025, meeting its target. This marks an increase from the previous year, with significant growth in digital payment accounts and merchant locations, bolstering the economy's overall digitalization.
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- Digital Payments Now Account for 64.7% of Philippines Retail Transactions
Digital payments constituted 64.7% of total retail transactions in the Philippines in 2025, an increase from the previous year, according to the Bangko Sentral ng Pilipinas (BSP). This figure surpassed the BSP's target, indicating progress in financial inclusion and the country's digital economic transformation.