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
Development Secondary Emerging
Send or Receive
GDP ($m)
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HDI classification Medium
Mobile Connections (m)
Currency PHP
CountryISO PH
Sovereignity Country
Territory of - NA -
{"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"}}
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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 )"}}
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COT Analysis
{"type":"ColumnChart","data":[["Category","Initiatives"],["",6],["Bank",5],["MNO",4],["MTO",1],["PSP",2]],"options":{"title":"Initiatives ( 16 of 16 )"}}
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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 )"}}
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{"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 )"}}
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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 )"}}
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Central Bank
Central Bank Website for Philippines
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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

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Type of law
Legal System
Mixed legal system of civil, common, Islamic, and customary law
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Law is based on
Test and learn
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Sectors active in Digital Money
Allowed Models

90: March 2009 new regs for e-money

Central bank took GXI under its supervision whilst this National payment system law was being prepared

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Money Transfer
Liberal exchange control regime
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{"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 %
Stock Immigrants ('000)
Emigration Rate %
Internal Migrants ('000)
Internal Migration Rate %
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 %
On Remittance Sent
On Remittance Received
Mobile Unbanked
Migrant %
MP %
Banked %
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
Registered Wallet Users
Top Wallets
Smart Money; GCASH
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Informal Market
Cost To Remit
Key Players

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