Local payment processors & methods in the Philippines

Philippines: Expand in the Philippines with dLocal’s Expertise

The Philippines’ digital economy is growing, with local methods like GCash and PayMaya. dLocal’s single API simplifies integration, enabling quick, secure scaling in this market.

* Source: Statista, 2023

Market Overview

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

Download Country Payment Handbook

Population: 117M *

44% of the adult population in the Philippines remains unbanked, highlighting a significant opportunity for digital financial solutions.*

* Source: Worldometers 2023 & Statista, 2022
eCommerce: 18B *

With an annual growth rate (CAGR 2023-2027) of 12.40%*.

* Source: ecommercedb, 2024
eShoppers: 53.62M *

eCommerce users are estimated to continue increasing until 2027 to reach 60.41 million.

* Source: Statista, 2024
Internet users: 73.6% *

The number of eCommerce users is expected to reach 60 million by 2027*.

* Source: datareportal. 2024.

Essential you need to know

Mastering E-commerce in the Philippines: Insights and Opportunities

Gain insight into the Philippines' most relevant payment methods

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

Most commonly used options

Grab Pay
Wallets
Maya
Wallets
Shopee Pay
Wallets
GCash
Wallets

Credit and debit cards

Play like a local by offering traditional payment methods.
- Visa
- Mastercard
Wallets
Learn more

Tackle all audiences.
- GrabPay
- Paymaya
- GCash
- ShopeePay
Cash-based payments
Learn more
- Cebuana
- LBC
- Alawan Express
- M Luhillier
Bank Transfers
Learn more

Count on a wide variety of options to drive conversion.
- Union Bank
- BPI
- Regular Bank Transfers