The Philippines is among the countries in Southeast Asia seeing sustained growth in mobile payment transactions. In 2020, the mobile wallet had a penetration rate of 22.4 percent, with forecast figures reaching as much as 63.4 percent in 2025.
Penetration rate of mobile wallet in the Philippines in 2020, with a forecast for 2025
Basic Account
Get to know the platform
You only have access to basic statistics.
This statistic is not included in your account.
Starter Account
The ideal entry-level account for individual users
- Instant access to 1m statistics
- Download in XLS, PDF & PNG format
- Detailed references
$199 USD / Month *
Professional Account
Full access
Business Solutions including all features.
* Prices do not include sales tax.
Other statistics that may interest you Mobile payments in South Korea
Overview
5
- Premium Statistic Share of e-commerce payment methods APAC 2022
- Premium Statistic Forecasted share of e-commerce payment methods APAC 2026
- Premium Statistic Share of internet users using mobile payments APAC 2022, by country
- Basic Statistic Smartphone penetration as share of population in South Korea 2019-2029
- Premium Statistic Distribution of fintech companies South Korea 2022, by sector
Cashless payments
6
- Premium Statistic Share of cash in total transactions South Korea 2013-2021
- Premium Statistic Credit card transaction value South Korea 2004-2022
- Premium Statistic Debit card transaction value South Korea 2012-2022
- Premium Statistic Face-to-face and non-face-to-face payment transaction value South Korea 2019-H1 2022
- Premium Statistic Share of non-face-to-face payments South Korea Q1 2020-Q2 2022
- Premium Statistic Leading payment methods when online shopping South Korea 2022
Mobile payments
5
- Premium Statistic YoY growth in payment transactions South Korea H1 2022, by device type
- Premium Statistic Mobile payment share in total payment transactions South Korea Q1 2020-Q2 2022
- Premium Statistic Mobile easy payment share in digital payment transactions South Korea Q1 2020-Q2 2022
- Premium Statistic Daily mobile payment transactions number South Korea 2016-2022
- Premium Statistic Daily mobile payment transactions value South Korea 2016-2022
Market share
4
- Premium Statistic Mobile payment market share South Korea 2016-H1 2022, by provider type
- Premium Statistic Usage of mobile payment services of fintech companies South Korea Q1 2020-Q2 2022
- Premium Statistic Daily mobile payment transactions value South Korea 2016-2022, by provider type
- Premium Statistic YoY mobile payment transaction growth South Korea 2019-2020, by provider type
Leading providers
7
- Premium Statistic Leading mobile payment providers in South Korea 2021
- Premium Statistic Mobile payment market size South Korea 2016-2020, by provider
- Premium Statistic Number of mobile payment users South Korea 2021, by provider
- Premium Statistic Transaction value of major mobile payment services South Korea 2022
- Premium Statistic Major retailers easy payment services South Korea 2023, by user numbers
- Premium Statistic Operating income of Kakao Pay 2017-2022
- Premium Statistic Revenue of Naver Financial 2019-2022
User behavior
4
- Premium Statistic Leading mobile payment services in South Korea 2021, by age
- Premium Statistic Popular mobile payment services among Millennials and Gen Z South Korea 2020
- Premium Statistic Main reasons for e-payment usage among respondents in South Korea 2022
- Premium Statistic Main reasons against e-payments among respondents in South Korea 2022
Further related statistics
14
- Average revenue per paying user with carrier billing in Sweden 2019-2021
- Average revenue per paying user with carrier billing in Brazil 2019-2021
- Average revenue per paying user with carrier billing in Colombia 2019-2021
- Average revenue per paying user with carrier billing in Norway 2019-2021
- Use of digital payment methods in last year Australia 2018 by age
- U.S. voice payments adoption rate in 2017, with forecasts up until 2022
- M-payment transactions daily number South Korea 2018, by type of provider
- Offline m-payment transactions daily number South Korea 2016-2018
- Reasons not to use the smartphone for payments among Australian consumers 2015-2016
- Offline m-payment transactions daily value South Korea 2016-2018
- Mobile payment market share South Korea 2018, by provider
- China's big data market annual growth rate 2015-2020
- Main information channels that impact eating habits in Japan 2020
- Estimated export value of the environmental industry Japan 2010-2019
Further Content: You might find this interesting as well
Statistics
- Average revenue per paying user with carrier billing in Sweden 2019-2021
- Average revenue per paying user with carrier billing in Brazil 2019-2021
- Average revenue per paying user with carrier billing in Colombia 2019-2021
- Average revenue per paying user with carrier billing in Norway 2019-2021
- Use of digital payment methods in last year Australia 2018 by age
- U.S. voice payments adoption rate in 2017, with forecasts up until 2022
- M-payment transactions daily number South Korea 2018, by type of provider
- Offline m-payment transactions daily number South Korea 2016-2018
- Reasons not to use the smartphone for payments among Australian consumers 2015-2016
- Offline m-payment transactions daily value South Korea 2016-2018
- Mobile payment market share South Korea 2018, by provider
- China's big data market annual growth rate 2015-2020
- Main information channels that impact eating habits in Japan 2020
- Estimated export value of the environmental industry Japan 2010-2019
Fortumo. (July 27, 2021). Penetration rate of mobile wallet in the Philippines in 2020, with a forecast for 2025 [Graph]. In Statista. Retrieved April 25, 2024, from https://www.statista.com/statistics/1258075/philippines-mobile-wallet-penetration-rate/
Fortumo. "Penetration rate of mobile wallet in the Philippines in 2020, with a forecast for 2025 ." Chart. July 27, 2021. Statista. Accessed April 25, 2024. https://www.statista.com/statistics/1258075/philippines-mobile-wallet-penetration-rate/
Fortumo. (2021). Penetration rate of mobile wallet in the Philippines in 2020, with a forecast for 2025 . Statista. Statista Inc.. Accessed: April 25, 2024. https://www.statista.com/statistics/1258075/philippines-mobile-wallet-penetration-rate/
Fortumo. "Penetration Rate of Mobile Wallet in The Philippines in 2020, with a Forecast for 2025 ." Statista, Statista Inc., 27 Jul 2021, https://www.statista.com/statistics/1258075/philippines-mobile-wallet-penetration-rate/
Fortumo, Penetration rate of mobile wallet in the Philippines in 2020, with a forecast for 2025 Statista, https://www.statista.com/statistics/1258075/philippines-mobile-wallet-penetration-rate/ (last visited April 25, 2024)
Penetration rate of mobile wallet in the Philippines in 2020, with a forecast for 2025 [Graph], Fortumo, July 27, 2021. [Online]. Available: https://www.statista.com/statistics/1258075/philippines-mobile-wallet-penetration-rate/