Transaction value of InstaPay Philippines 2021-2022

Published by Statista Research Department, Mar 27, 2023
The value of InstaPay transactions in the Philippines jumped by 30 percent between 2021 and 2022. From a total transaction value of 2.7 billion Philippine pesos, this figure rose to 3.53 trillion Philippine pesos in 2022.

InstaPay is an electronic fund transfer service that allows customers to transfer funds instantly to participating banks, mobile wallet operators, or electronic money issuers.

Total value of InstaPay transactions in the Philippines in 2021 and 2022 (in trillion Philippine pesos)

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Release date

January 2023

Region

Philippines

Survey time period

2021 to 2022

Supplementary notes

One Philippines peso is equal to 0.018 U.S. dollars and 0.017 euros as of March 2023.
Figures have been rounded.

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