This move comes as BSP data shows digital payments in 2024 hit 57.4% of monthly retail transactions—well above the government’s target under the Philippine Development Plan. 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. Read more in our articles including "BSP states Apple Pay free to launch in Philippines anytime" and "MAYA Black Mini-Payments Explained".
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Mar 12, 2026This move comes as BSP data shows digital payments in 2024 hit 57.4% of monthly retail transactions—well above the government’s target under the Philippine Development Plan. 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.
Our coverage of Philippines digital payments includes: "BSP states Apple Pay free to launch in Philippines anytime"; "MAYA Black Mini-Payments Explained"; "Google Pay now available in the Philippines!". Each article provides unique insights and information.