Debit card usage is increasing significantly in the Philippines. This trend reflects a growing confidence in card-based transactions, including for everyday purchases. Mobile wallets are also seeing wider adoption, fuelled by the convenience they offer and the country’s expanding digital infrastructure. This shift towards digital payments is particularly evident among younger and more affluent Filipinos, many of whom now go more than a week without using cash. Additionally, contactless payments...
Euromonitor International's Debit Card Transactions in Philippines report establishes the size and structure of the market for ATMs cards, smart cards, credit cards, debit cards, charge cards, pre-paid cards and store cards. It looks at key players in the market (issuers and operators), number of cards in circulation, numbers transactions and value of transactions. It offers strategic analysis of sector forecasts and trends to watch.
Product coverage: Commercial Debit Card Transactions, Personal Debit Card Transactions.
Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.
Why buy this report? * Get a detailed picture of the Debit Card Transactions market; * Pinpoint growth sectors and identify factors driving change; * Understand the competitive environment, the market’s major players and leading brands; * Use five-year forecasts to assess how the market is predicted to develop.
Debit Cards in the Philippines
Euromonitor International
December 2024
List Of Contents And Tables
DEBIT CARDS IN THE PHILIPPINES
KEY DATA FINDINGS
2024 DEVELOPMENTS
Growth in debit cards reflects shift towards cashless economy
Digital banks drive surge in number of users
Security remains a key issue in debit card usage
PROSPECTS AND OPPORTUNITIES
Banks to enhance mobile payment apps to encourage usage
Emergence of new players will lead to more competitive financial landscape
New products will focus on luxury and sustainability
CATEGORY DATA
Table 1 Debit Cards: Number of Cards in Circulation 2019-2024
Table 2 Debit Cards Transactions 2019-2024
Table 3 Debit Cards in Circulation: % Growth 2019-2024