Philippines races toward cashless future as digital payments hit 64.7%

FinanceNation's unified 'QR Ph' helps narrow the gap with Southeast Asia's payment pioneersDigital wallets such as GCash and Maya, along with the QR Ph network, have helped accelerate the Philippines' shift toward cashless payments. (File photo)RAMON ROYANDOYANAugust 20, 2026 11:15 JSTMANILA -- Digital channels accounted for nearly two-thirds of all retail transactions in the Philippines in 2025, buoyed by the rapid adoption of national QR standards and policy support.