Philippines Hits Digital Payments Target as QR Ph Overtakes Cards

August 18, 2026

The Bangko Sentral ng Pilipinas (BSP) says digital payments reached 64.7% of the country’s retail payment volume last year, already inside its 60-to-70-% target for 2028. QR Ph transactions overtook debit and credit card payments for the first time that year, a shift the central…