In terms of the total volume of payments in the country, 17 percent was made digitally in the first half of 2020, as compared with 10 percent in 2018. Consumer payments make up 78 percent of the 4.6 billion monthly payments, followed by corporate payments at 21 percent.
Consistent with the previous diagnostics, the government continues to lead the way in digitization with some 87 percent or P319 billion equivalent of payments by the government (G2X) already in digital form, up from 64 percent in 2018. The same is followed by payments made by people (P2X) and businesses (B2X) at 35 percent and 15 percent, respectively.