The Republic of the Philippines is a sovereign state in Southeast Asia in the western Pacific Ocean. It is an archipelago comprising 7,107 islands. Link to external site : Website for Philippines |  |
| Wallets | |
| Development | Secondary Emerging |
| Send or Receive |
Receive Register/Log In |
| GDP ($m) |
144,062.33 Register/Log In |
| HDI classification | Medium |
| Mobile Connections (m) |
96.071 Upgrade to Bronze |
| Currency | PHP |
| Class | |
| CountryISO | PH |
| Sovereignity | Country |
| Territory of | - NA - |
{"type":"GeoChart","data":[["Country","Population(m)","Rank"],["PH",94.2,12]],"options":{"title":"Countries","region":"PH","displayMode":"regions","colorAxis":{"minValue":0,"maxValue":1500,"colors":["yellow","green","red"]}}}
{"type":"PieChart","data":[["Operator","Connections"],["Smart (PLDT)",49817030],["Globe Telecom",30004719],["Sun Cellular (Digitel)",15514200],["Next Mobile",615280],["Broadband Philippines (Multi-Media Telephony)",113076],["Rest ( 1 )",6809]],"options":{"title":"Connections","is3D":true}}
{"type":"ColumnChart","data":[["Year","Connections"],["Q4 2000",6099367],["Q4 2001",11181777],["Q4 2002",15475167],["Q4 2003",22909980],["Q4 2004",33349575],["Q4 2005",35262882],["Q4 2006",43464392],["Q4 2007",55294029],["Q4 2008",68737863],["Q4 2009",76064279],["Q4 2010",92456489],["Q4 2011",104914999],["Q4 2012",114415365],["Q4 2013",121477972],["Q4 2014",126639556]],"options":{"title":"Connections"}}
| Channel Analysis |
{"type":"ColumnChart","data":[["Category","Initiatives"],["ATM",3],["Agent",2],["Location",11],["Mobile",9],["Online",1],["POS",1],["Web",7]],"options":{"title":"Initiatives ( 16 of 16 )"}} |
| COT Analysis |
{"type":"ColumnChart","data":[["Category","Initiatives"],["",6],["Bank",5],["MNO",4],["MTO",1],["PSP",2]],"options":{"title":"Initiatives ( 16 of 16 )"}} |
| Persona Analysis |
{"type":"ColumnChart","data":[["Category","Initiatives"],["BB",2],["DB",1],["DN",1],["DP",2],["DW",1],["Hub",1],["MB",1],["MM",1],["MMT",1],["MT",4],["OB",1]],"options":{"title":"Initiatives ( 16 of 16 )"}} |
| Products |
{"type":"ColumnChart","data":[["Category","Initiatives"],["AT",2],["BB",2],["BP",2],["CICO",4],["Card",3],["Coupons",1],["DMT",6],["G2P",2],["IMT",9],["LP",2],["MB",5],["MFI",2],["MM",2],["MP",2],["MW",2],["OB",4],["OP",2],["Offers",1],["PC",2],["Saving",1],["Trade",1]],"options":{"title":"Initiatives ( 16 of 16 )"}} |
| PI Analysis |
{"type":"ColumnChart","data":[["Category","Initiatives"],["Account",10],["Card",6],["Cash",12],["Cheque",1],["PC",1],["Wallet",4]],"options":{"title":"Initiatives ( 16 of 16 )"}} |
| Central Bank |
Central Bank Website for Philippines Register/Log In |
| Key Regulations |
Cirular 471: CDD/KYC may be conducted by agents. NBs should first obtain a remittance agent license to perform CICO. Circular 562: multiple id docs acceptable Circular 608: Customers must present valud ID only once and it may be one of 20 types approved. Circular 649 (200903) guidelines governing issuance of e-money |
| Type of law |
Hybrid Upgrade to Bronze |
| Legal System |
Mixed legal system of civil, common, Islamic, and customary law Upgrade to Bronze |
| Law is based on | |
| Approach |
Test and learn Upgrade to Bronze |
| Sectors active in Digital Money |
NonBank Upgrade to Bronze |
| Exclusivity | |
| Certainty | |
| Openness | |
| Proportionate? | |
| Allowed Models |
NB Led Upgrade to Bronze |
| DominantModel |
MNO Led Upgrade to Bronze |
| E-Money |
90: March 2009 new regs for e-money Central bank took GXI under its supervision whilst this National payment system law was being prepared |
| Payment | |
| Agent | |
| Money Transfer |
Liberal exchange control regime Upgrade to Bronze |
| Taxation |
{"type":"Gauge","data":[["Label","Value"],["Mobile Penetration",87.31],["Banked",26],["Internet",6],["Urban",64],["Adult",65],["Literate",93.4011]],"options":{"scaleHeight":0.5,"min":0,"max":100,"redFrom":76,"redTo":100,"yellowFrom":26,"yellowTo":74}}
| Population m | 94.20 |
| Adult % | 65.00 |
| Migrants % |
0.46 Register/Log In |
| Stock Immigrants ('000) |
435.40 Upgrade to Bronze |
| Emigration Rate % | |
| Internal Migrants ('000) |
6,900.00 Upgrade to Bronze |
| Internal Migration Rate % |
11.70 Upgrade to Bronze |
| Intl Movement Rate % | |
| Urban % | 64.00 |
| Female % | 50.10 |
| Literate % | 93.40 |
| Annual Growth % |
| Mobile Penetration % | 87.31 |
| Banked % | 26.00 |
| Access to FS % | 26.00 |
| Internet % | 6.00 |
| Branches per 100k adults | 11.51 |
| ATMs per 100k adults | 13.33 |
| POS per 100k adults | 0.00 |
| Prepaid % | 98.00 |
| Prepaid SIM Registration | |
| MobileUnbanked (m) | 56.79 |
| Monthly ARPU | |
| Cards 2010 ('000) | |
| Propensity % |
| Overall | |
| Population | |
| On Remittance Sent | |
| On Remittance Received | |
| Mobile Unbanked | |
| Migrant % | |
| MP % | |
| Banked % | |
| Development |
| Can Provide Payments? | |
| Can Market under Brand? | |
| Can issue E-Money? | |
| Can Open Customer Account? | |
| Can Own Customer? | |
| Can do Cash In/Cash Out? | |
| Can offer Domestic Money Transfer? | |
| Can offer International Money Transfer? |
| Importance for Digital Money | |
| Digital Money Adoption |
Mainstream Upgrade to Bronze |
| Registered Wallet Users |
8,200,000 Upgrade to Bronze |
| Top Wallets |
Smart Money; GCASH Upgrade to Bronze |
| Informal Market | |
| Cost To Remit | |
| Key Players |