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 the figures reflect broader momentum in digital commerce in the Philippines, as more businesses adopt digital payment channels across online and physical retail. The Bangko Sentral ng Pilipinas (BSP) clarified that it never required banks and e-wallets to waive digital fund transfer fees, despite issuing Circular No. Read more in our articles including "WATCH: Philippine Digital Banks with High Interest Rates" and "QR Ph now leads digital payments in the Philippines".
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Jul 30, 2026The 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 the figures reflect broader momentum in digital commerce in the Philippines, as more businesses adopt digital payment channels across online and physical retail.
The Bangko Sentral ng Pilipinas (BSP) clarified that it never required banks and e-wallets to waive digital fund transfer fees, despite issuing Circular No.
Our coverage of philippine digital banks includes: "WATCH: Philippine Digital Banks with High Interest Rates"; "QR Ph now leads digital payments in the Philippines"; "GCash will soon let users link Visa, Mastercard cards directly for QR payments". Each article provides unique insights and information.