Business
Digital Payments Just Hit 64.7% in the Philippines—But One Change Could Push Cash Aside Even Faster
MANILA — The Philippines’ long-promised cashless future may no longer be a distant goal. Digital payments reportedly accounted for 64.7% of Philippine retail transactions in 2025, according to a Nikkei Asia report, pushing the country deeper into territory once considered ambitious for an economy where cash, over-the-counter payments and physical bank branches dominated everyday transactions for decades. If sustained, the shift would mean nearly two out of every three retail-payment transactio
