Payment methods in Philippines

Asia

11methods

7banks

The Filippino e-commerce market is worth US$20 billion and is set to grow to US$33 billion by 2027.

Market takeaways

The Filippino e-commerce market is worth US$20 billion and is set to grow to US$33 billion by 2027.
Over 60% of all e-commerce purchases in the Philippines are completed using a mobile device of some kind.
Filipinos use cards in just 30% of all online transactions, paying for the rest with a variety of digital payment methods.
Some of the most popular payment methods in the Philippines are Gcash, PayPal and a range of different bank-transfer apps.
Each year, Filipinos buy more than US$2 billion worth of goods and services from merchants based overseas.

Population

111.6M

Online population

111.6M

B2C e-commerce

$18B

Banked population

49%

Credit card population

E-commerce of total retail

Payment method breakdown

Card30%
Cash15%
Bank Transfer16%
E-Wallet33%
Other6%

Card scheme breakdown

Visa18%
Mastercard20%
American Express3%
Local schemes58%
Other1%

Cross-border e-commerce

Cross-border shoppers

54%

Share of e-commerce

33%

Cross-border value (est.)

$2.2B

Featured payment methods in Philippines

All payment methods available in this market, sorted by prominence.

GrabPay

GrabPay is the super-app wallet of Grab, used for online and in-app checkout across the Philippines, Malaysia and Singapore. Operator: Grab Holdings (GPay Network). Est. users: Several million users across SEA (2025).

InstaPay

InstaPay is Egypt's instant payment app on the Instant Payment Network, enabling real-time transfers between banks, cards and wallets 24/7 and increasingly used for online payments. Operator: Egyptian Banks Company (EBC) / Central Bank of Egypt. Est. users: 16 million+ users (2026).

ShopeePay

ShopeePay is the in-app and online wallet of the Shopee marketplace, among the most-used wallets across Southeast Asia. Operator: Shopee / Sea Limited. Est. users: Tens of millions across SEA (2025).

Maya

Maya (formerly PayMaya) is a leading Philippine e-wallet and digital bank regulated by the BSP, accepted at online checkouts and merchants. Operator: Maya Philippines, Inc. / Maya Bank, Inc.. Est. users: 50 million+ users (2025).

GCash

The Philippines' largest e-wallet, operated by G-Xchange under BSP, used for online checkout, QR payments, bills and transfers. Operator: G-Xchange, Inc. (Globe / Mynt). Est. users: 90 million+ registered (2024).

BillEase

BillEase is a leading Philippine buy-now-pay-later service offered at online checkouts for installment purchases. Operator: First Digital Finance Corporation. Est. users: 1 million+ users (2024).

Coins.ph

Coins.ph is a BSP-licensed Philippine crypto and payments wallet with 18M+ users, usable for online payments and bills. Operator: Betur Inc. (Coins.ph). Est. users: 18 million+ users (2025).

DragonPay

DragonPay is a BSP-registered Philippine alternative-payments method letting shoppers pay online via bank transfer and over-the-counter at thousands of outlets. Operator: DragonPay Corporation. Est. users: Millions of consumers (2025).

PESONet

PESONet is the Philippines' BSP-administered batch electronic fund transfer scheme used for high-value bills, payroll and online payments. Operator: BancNet, Inc. (PPMI). Est. users: 117 million transactions in 2025.

TrueMoney

TrueMoney is Ascend Money's multi-country Southeast Asian e-wallet, the most widely accepted wallet in Thailand. Operator: TrueMoney Co., Ltd. (Ascend Money). Est. users: 17 million+ active in Thailand (2025).

QR Ph

The national QR code payment system, which is relied on for digital payments alongside digital wallets like GCash.

Featured banks in Philippines

All banks operating in this market, sorted by prominence.

Maybank

Kuala Lumpur, Malaysia

Maybank is Malaysia's largest bank and one of Southeast Asia's top financial groups, with a strong ASEAN franchise offering retail, SME, corporate, and Islamic banking.