Xinhua
07 Jul 2025, 21:45 GMT+10
MANILA, July 7 (Xinhua) -- The Philippines continues to expand the use of digital payments, with electronic transactions accounting for 57.4 percent of monthly retail payments by volume and 59.0 percent by value in 2024, the Bangko Sentral ng Pilipinas (BSP) said Monday.
The figures, published in the BSP's 2024 Report on the Status of Digital Payments in the Philippines, reflect an increase from 52.8 percent in volume and 55.3 percent in value recorded in 2023.
The central bank noted that the steady growth builds on the momentum generated after surpassing its 2023 digitalization target of 50 percent for transaction volume.
Get a daily dose of Manila Metro news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Manila Metro.
More InformationWASHINGTON, D.C.: President Donald Trump says the United States could soon reach a trade deal with India. He believes this deal would...
DHARAMSHALA, India: The Dalai Lama is set to address a significant three-day conference of Buddhist leaders this week, coinciding with...
SYDNEY, Australia: Australia will not ease its strict biosecurity rules during trade talks with the United States, Prime Minister Anthony...
SHARJAH, 7th July 2025 (WAM) -- The General Command of Sharjah Police has strengthened its global profile by presenting a specialised...
(250707) -- YONGIN, July 7, 2025 (Xinhua) -- Dejan Djurdjevic (L), caretaker manager of China, gestures during the match between China...
HEFEI, July 7 (Xinhua) -- The International Deep Space Exploration Association (IDSEA), an international academic organization dedicated...
OMAHA, Nebraska: With Congress considering cuts totaling around US$1 trillion to Medicaid over the next decade, concerns are rising...
ROME, Italy: Quick thinking by emergency responders helped prevent greater devastation after a gas station explosion in southeastern...
WASHINGTON, D.C.: President Donald Trump is drawing praise from his core supporters after halting key arms shipments to Ukraine, a...
MOSCOW, Russia: This week, Russia became the first country to officially recognize the Taliban as the government of Afghanistan since...
CAIRO, Egypt: This week, both Hamas and Israel shared their views ahead of expected peace talks about a new U.S.-backed ceasefire plan....
WASHINGTON, D.C.: The Trump administration has made public a visa decision that would usually be kept private. It did this to send...