#digital payments bill Philippines

The House of Representatives of the Philippines approved House Bill No. 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. He added that the bill may allow payment providers to charge transaction fees, even for small payments. 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. PayMongo said its Shopify merchant base grew 18% year-on-year, while businesses using its no-code PayMongo Pages tool collected nearly PHP 1 billion in payments during the period. 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. Read more in our articles including "House approves Digital Payments Bill on second reading" and "QR Ph now leads digital payments in the Philippines".