Early estimates from the first half of 2020 also provides encouraging results where digital payments rose to 17% of all monthly payments. In both results, the P2M and P2P use-cases proved to be driving the expansion of digital payments in the country. This only confirms that we are on track in providing the necessary interventions to promote digitalization of consumers and merchants alike.
We’ve seen very promising growth in digital payments in the last two years – we now must ensure that this growth is inclusive and that digital payments are serving all Filipinos.