| Product Code: ETC4380630 | Publication Date: Jul 2023 | Updated Date: Aug 2025 | Product Type: Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
The Philippines Mobile Money Market has witnessed a transformative shift in recent years, with mobile payment platforms gaining immense popularity. The country`s extensive network of mobile users, coupled with a growing need for financial inclusion, has p
The Mobile Money Market in the Philippines relates to the growing use of mobile devices for financial transactions. Mobile money services enable individuals to transfer money, make payments, and access financial services through their smartphones, even in
In the Philippines, the Mobile Money Market is challenged by the need for regulatory compliance and infrastructure development. The central bank, Bangko Sentral ng Pilipinas, continually revises its regulations to safeguard consumer interests and financia
The mobile money market saw a boost during the pandemic. As people shifted towards contactless transactions, mobile money services became more popular for payments and remittances. The market also saw the introduction of new features and services, enhanci
Key players in the Philippines Mobile Money Market include GCash, a mobile wallet and financial services platform owned by Globe Telecom, and PayMaya, a similar mobile money service offered by PLDT. These platforms enable users to perform various financia
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Philippines Mobile Money Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines Mobile Money Market Revenues & Volume, 2021 & 2031F |
3.3 Philippines Mobile Money Market - Industry Life Cycle |
3.4 Philippines Mobile Money Market - Porter's Five Forces |
3.5 Philippines Mobile Money Market Revenues & Volume Share, By Transaction mode, 2021 & 2031F |
3.6 Philippines Mobile Money Market Revenues & Volume Share, By Nature of Payment, 2021 & 2031F |
3.7 Philippines Mobile Money Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 Philippines Mobile Money Market Revenues & Volume Share, By Type of Payments, 2021 & 2031F |
4 Philippines Mobile Money Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing smartphone penetration in the Philippines |
4.2.2 Growing internet connectivity and usage |
4.2.3 Government initiatives to promote financial inclusion through mobile money services |
4.3 Market Restraints |
4.3.1 Lack of awareness and trust in mobile money services |
4.3.2 Limited access to banking services in remote areas |
4.3.3 Security concerns related to mobile transactions |
5 Philippines Mobile Money Market Trends |
6 Philippines Mobile Money Market, By Types |
6.1 Philippines Mobile Money Market, By Transaction mode |
6.1.1 Overview and Analysis |
6.1.2 Philippines Mobile Money Market Revenues & Volume, By Transaction mode, 2021-2031F |
6.1.3 Philippines Mobile Money Market Revenues & Volume, By Point of Sale (PoS), 2021-2031F |
6.1.4 Philippines Mobile Money Market Revenues & Volume, By Mobile Apps, 2021-2031F |
6.1.5 Philippines Mobile Money Market Revenues & Volume, By QR codes, 2021-2031F |
6.2 Philippines Mobile Money Market, By Nature of Payment |
6.2.1 Overview and Analysis |
6.2.2 Philippines Mobile Money Market Revenues & Volume, By Person to Person (P2P), 2021-2031F |
6.2.3 Philippines Mobile Money Market Revenues & Volume, By Person to Business (P2B), 2021-2031F |
6.2.4 Philippines Mobile Money Market Revenues & Volume, By Business to Person (B2P), 2021-2031F |
6.2.5 Philippines Mobile Money Market Revenues & Volume, By Business to Business (B2B), 2021-2031F |
6.3 Philippines Mobile Money Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Philippines Mobile Money Market Revenues & Volume, By Money transfers, 2021-2031F |
6.3.3 Philippines Mobile Money Market Revenues & Volume, By Bill Payments, 2021-2031F |
6.3.4 Philippines Mobile Money Market Revenues & Volume, By Airtime Transfer and Top-Ups, 2021-2031F |
6.3.5 Philippines Mobile Money Market Revenues & Volume, By Travel and Ticketing, 2021-2031F |
6.3.6 Philippines Mobile Money Market Revenues & Volume, By Merchandise and Coupons, 2021-2031F |
6.4 Philippines Mobile Money Market, By Type of Payments |
6.4.1 Overview and Analysis |
6.4.2 Philippines Mobile Money Market Revenues & Volume, By Remote Payments, 2021-2031F |
6.4.3 Philippines Mobile Money Market Revenues & Volume, By Proximity Payments, 2021-2031F |
7 Philippines Mobile Money Market Import-Export Trade Statistics |
7.1 Philippines Mobile Money Market Export to Major Countries |
7.2 Philippines Mobile Money Market Imports from Major Countries |
8 Philippines Mobile Money Market Key Performance Indicators |
8.1 Average transaction value per user |
8.2 Number of active mobile money users |
8.3 Percentage of population with access to mobile money services |
8.4 Average number of transactions per user |
8.5 Mobile money agent network coverage |
9 Philippines Mobile Money Market - Opportunity Assessment |
9.1 Philippines Mobile Money Market Opportunity Assessment, By Transaction mode, 2021 & 2031F |
9.2 Philippines Mobile Money Market Opportunity Assessment, By Nature of Payment, 2021 & 2031F |
9.3 Philippines Mobile Money Market Opportunity Assessment, By Application, 2021 & 2031F |
9.4 Philippines Mobile Money Market Opportunity Assessment, By Type of Payments, 2021 & 2031F |
10 Philippines Mobile Money Market - Competitive Landscape |
10.1 Philippines Mobile Money Market Revenue Share, By Companies, 2024 |
10.2 Philippines Mobile Money Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |