dLocal announces Emerging Markets Payments Handbook
Philippines

Philippines: A growing eCommerce industry with room for improvement

The projected market volume is expected to reach $25 billion by 2027*.

* Source: Statista, 2023
Contact Sales View Documentation

Market Overview

The Philippines is ranked the 20th largest eCommerce market in the world*. * Source: eCommerceDB, 2023

Gain insight into the Philippines' most relevant payment methods

  1. 33% eWallets
  2. 18% Credit Cards
  3. 16% Bank Transfers
  4. 15% Cash on delivery (CoD)
  5. 12% Debit Cards
  6. 4% Prepaid
  7. 2% Buy now pay later (BNPL)

  • Credit and debit cards

    Play like a local by offering traditional payment methods.

    • Visa
      Visa
    • Mastercard
      Mastercard

  • Wallets

    Tackle all audiences.

    • GrabPay
      GrabPay
    • Paymaya
      Paymaya
    • GCash
      GCash
    • ShopeePay
      ShopeePay

  • Cash-based payments

    • Cebuana
      Cebuana
    • LBC
      LBC
    • Alawan Express
      Alawan Express
    • M Luhillier
      M Luhillier

  • Bank Transfers

    Count on a wide variety of options to drive conversion.

    • Union Bank
      Union Bank
    • BPI
      BPI
    • Regular Bank Transfers
      Regular Bank Transfers
View Documentation

Download the Country Payment Handbook to unleash the Philippines' potential.

Learn more about this young and promising market

Download the Country Payment Handbook to unleash the Philippines' potential.
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