Concerning the four age groups, the group of 25-34 years has the largest share with 37.18 percent. Contrastingly, the group of 45-54 years is ranked last, with 9.44 percent. Their difference, compared to the 25-34 years, lies at 27.74 percentage points.
The Digital Payments market segment is led by consumer transactions and includes payments for products and services which are made over the Internet as well as mobile payments at point of sale (POS) via smartphone applications and cross-border money transfers made over the internet (digital remittances). The following are not included in this segment: transactions between businesses (business to business payments) and payment transactions at the point of sale where mobile card readers (terminals) are used.
A detailed methodology can be found in the Statista Digital Market Outlook.
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Statista. (May 17, 2023). Demographics of digital payment users in the Philippines in 2021, by age [Graph]. In Statista. Retrieved October 23, 2024, from https://www.statista.com/forecasts/1327059/users-digital-payments-market-age-distribution-philippines
Statista. "Demographics of digital payment users in the Philippines in 2021, by age." Chart. May 17, 2023. Statista. Accessed October 23, 2024. https://www.statista.com/forecasts/1327059/users-digital-payments-market-age-distribution-philippines
Statista. (2023). Demographics of digital payment users in the Philippines in 2021, by age. Statista. Statista Inc.. Accessed: October 23, 2024. https://www.statista.com/forecasts/1327059/users-digital-payments-market-age-distribution-philippines
Statista. "Demographics of Digital Payment Users in The Philippines in 2021, by Age." Statista, Statista Inc., 17 May 2023, https://www.statista.com/forecasts/1327059/users-digital-payments-market-age-distribution-philippines
Statista, Demographics of digital payment users in the Philippines in 2021, by age Statista, https://www.statista.com/forecasts/1327059/users-digital-payments-market-age-distribution-philippines (last visited October 23, 2024)
Demographics of digital payment users in the Philippines in 2021, by age [Graph], Statista, May 17, 2023. [Online]. Available: https://www.statista.com/forecasts/1327059/users-digital-payments-market-age-distribution-philippines