Philippines: most used e-wallets 2021 | Statista (2024)

FAQs

Philippines: most used e-wallets 2021 | Statista? ›

According to a 2021 survey, majority of respondents in the Philippines stated that they used GCash compared to the other e-wallet brands. GCash is owned by Mynt and is a subsidiary of Globe Telecom Inc.

Google Pay

One of the most ubiquitous digital wallets on the market today, Google Pay offers an easy way to pay on various websites, within apps and also in stores using cards saved to customers' Google accounts.

When it comes to the best e-wallet in the Philippines, GCash shines the brightest. This digital wallet has completely transformed the way Filipinos manage their finances. From a simple and easy-to-use interface to tons of features and a secure transaction environment, GCash offers everything you need.

PayPal owns it and is becoming the most popular digital wallet in the US market due to its fast & secure transaction process.

Cash remains the most preferred payment method in the Philippines, accounting for almost 80% of all payments made in 2020.

GCash is a mobile wallet service developed by Mynt, a subsidiary of Globe Telecom. It is the most popular mobile wallet in the Philippines, with over 76 million registered users as of 2023, accounting for 67% of the Philippines' population.

Domestic players GCash and Maya continue to lead the mobile wallet market in the Philippines. Aside from mobile wallets, QR-based payments were also essential alternatives in recent periods. The Bangko Sental ng Pilipinas, the country's central bank, introduced QR PH in November 2019 for peer-to-peer (P2P) payments.

No. Google Pay is not yet available in the Philippines. But it uses basically the same technology. How will I know if my android phone is NFC-capable?

Which crypto wallet is used in Philippines? ›

Coins.ph is the most established crypto brand in the Philippines and has more than 16 million users. Buying and selling cryptocurrencies on the coins app is fast, cheap and secure.

GCash is the country's top mobile payment platform. It had over 94 million registered users as of the end of 2023 and is accepted by more than 6 million restaurants, convenience stores and other businesses, according to Globe. GCash's growth was fueled partly by the local financial culture.

According to a survey conducted by Rakuten Insight in October 2022, 98 percent of respondents in the Philippines stated that they used Gcash for their e-payment transactions, making it the leading e-payment service or e-wallet used in the country.

Consider a hardware wallet: If you're willing to spend money, you should consider getting started with a hardware wallet like Ledger. Since hardware wallets store your private keys offline, they are considered the gold standard for security.

Secondly, if you haven't locked your phone (with a password or biometric lock), your digital wallet is easily hackable; a thief could simply access your financial information and make a number of purchases or even withdraw money from your bank account before you've even realized your phone is gone.

Overseas Filipino workers (OFWs) based in the United States were the leading source of remittances received in the Philippines from January to May 2023. Remittances from the U.S. amounted to around 5.3 billion U.S. dollars. Singapore followed this with remittances amounting to 928 million U.S. dollars.