#digital payment regulation Philippines

The proposed measure aims to create a nationwide digital payments system for transactions with the government and between private groups. The bill seeks to expand the use of digital payments in the country. Tinio said the bill does not clearly state who can access transaction data once digital payments become more common. The company said QR Ph and e-wallets combined represented 76% of total payment volume and 9 in 10 transactions on its platform, pointing to continued growth in mobile-first digital payments among Philippine businesses. The company said this setup helps simplify digital payment acceptance for merchants, especially smaller businesses. The report also pointed to continued adoption of digital payment tools among merchants without dedicated technical teams. PayMongo said the figures reflect broader momentum in digital commerce in the Philippines, as more businesses adopt digital payment channels across online and physical retail. The central bank also emphasized that digital payment fees are expected to be lower than charges for manual or over-the-counter transactions because electronic channels are generally more efficient and cost-effective to operate. Read more in our articles including "House approves Digital Payments Bill on second reading" and "QR Ph now leads digital payments in the Philippines".