Share of bank transfer in e-commerce transaction value Philippines 2021-2027

Published by C. Balita, May 24, 2024

Account-to-account (A2A) or direct electronic fund transfers from a buyer to a seller's bank account accounted for 16 percent of the total e-commerce transaction value in 2023, which was consistent with the previous year. This was forecast to reach 22 percent in 2026 and 2027.

Share of account-to-account (A2A) payments in the e-commerce transaction value in the Philippines from 2021 to 2023, with a forecast for 2026 and 2027

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Release date

March 2024

Region

Philippines

Survey time period

2021 to 2023

Supplementary notes

*Forecast.

Figures for 2021, 2022 and the forecast for 2026 came from earlier reporting. 

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Statistics on " Digital payments in the Philippines "

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Other statistics that may interest you Digital payments in the Philippines

Overview

5

Key indicators

6

Electronic fund transfer

4

Digital or mobile wallets

6

Physical card and digital banking

5

Other payment methods

7

Consumer behavior

5

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Topics

Digital payments in the PhilippinesBanking in the PhilippinesCoronavirus (COVID-19) pandemic in the PhilippinesE-commerce in the PhilippinesSocial media in the Philippines
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