The Better Than Cash Alliance is a partnership of governments, companies, and international organizations that accelerates the transition from cash to digital payments in order to help achieve the Sustainable Development Goals.
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This highlights report captures the progress of payments digitalization in the country in 2019 and the first half of 2020.
The Bangko Sentral ng Pilipinas (BSP) and the Philippine Government recognize digital payments as a policy priority to enable Filipinos to seize the opportunities of the digital revolution.
This Better Than Cash Alliance diagnostic estimates that Filipinos make about 2.5 billion payments per month, or roughly 64 monthly payments per adult, corresponding to a monthly value of over US$74 billion.