Philippines Central Bank Hits Digital Payment Goal

Philippines hits digital payments goal –– BSP

MANILA, Philippines — Digital payments accounted for 64.7 percent of total retail payments in the Philippines in 2025, hitting the target of the Bangko Sentral ng Pilipinas (BSP). The BSP stated on Monday that the latest figure increased from the 57.4 percent share recorded a year earlier, as consumers and businesses continued to shift toward

Philippines central bank hits digital payment goal

Retail digital payments in the Philippines reached 64.7% of total transaction volume in 2025, meeting the official target set by Bangko Sentral ng Pilipinas (BSP), the central bank announced.

Digital payments now make up 64.7% of Philippines retail transactions

Digital payments accounted for 64.7 percent of total Philippine retail transactions by volume in 2025, up from 57.4 percent a year earlier as the shift toward electronic payment channels continued to gain ground, according to the Bangko Sentral ng Pilipinas.

Digital payments hit 64.7% of Philippine retail transactions, nearing BSP’s 70% target

Digital payments came just over five percentage points (ppts) short of the Bangko Sentral ng Pilipinas’ (BSP) 70-percent target for 2028, already accounting for nearly two-thirds of the country’s total retail transactions in 2025.BSP Deputy Governor Zeno Ronald R. Abenoja reported during the Development Budget Coordination Committee (DBCC) briefing on Monday, Aug. 17, that digital payments accounted for 64.7 percent of total payments by volume i…

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