![Digital payments POS terminal, Payment Machine with mobile phone on store background](https://coingeek.com/wp-content/uploads/2023/07/Digital-payments-380x188.webp)
Philippines sees drastic rise in digital payments adoption in 2022: central bank
In its recent status report, the Bangko Sentral ng Pilipinas notes that the volume of digital payments had grown significantly, with retail payments reaching 42.1% and the value of digital payments at 40.1%.