Top eight recipients of remittance inflows

Payins

All-in-one payment process for global enterprises, to offer customers in emerging markets a seamless and secure payment experience.
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Payouts

Pay your staff, customers, and partners in the currency of their choice. dLocal's Payouts enhances customer satisfaction and streamlines your payment process.
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dLocal for Platforms

Handling payins and payouts in local currency through a quick integration.
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Real-time monitoring, chargeback management tools, dispute resolution services, and data analytics.
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Connect with billions of underserved emerging market consumers.
Invoice Collection

Receive payments in your customer's local currency.

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Philippines

Philippines: A growing eCommerce industry with room for improvement

The projected market volume is expected to reach $25 billion by 2027*.

* Source: Statista, 2023

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Market Overview

The Philippines is ranked the 20th largest eCommerce market in the world*. * Source: eCommerceDB, 2023

Population: 117M *

44% of the adult population in the Philippines remains unbanked, highlighting a significant opportunity for digital financial solutions.*

* Source: Worldometers 2023 & Statista, 2022
eShoppers: 51.47M *

eCommerce users are estimated to continue increasing until 2027 to reach 60.41 million.

* Source: Statista, 2023
eCommerce: 16B *

With an annual growth rate (CAGR 2023-2027) of 12.40%*.

* Source: Statista, 2022
Internet users: 73.1% *

The number of eCommerce users is expected to reach 60 million by 2027*.

* Source: Philippine Institute of Development Studies. Middle of 2023.

Essential you need to know

Mastering eCommerce in the Philippines: Insights and Opportunities

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Mastering eCommerce in the Philippines: Insights and Opportunities

Gain insight into the Philippines' most relevant payment methods

33% eWallets
18% Credit Cards
16% Bank Transfers
15% Cash on delivery (CoD)
12% Debit Cards
4% Prepaid
2% Buy now pay later (BNPL)

Credit and debit cards

Play like a local by offering traditional payment methods.
- Visa
- Mastercard
Wallets
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Tackle all audiences.
- GrabPay
- Paymaya
- GCash
Cash-based payments
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- Seven Eleven
- Cebuana
- LBC
- Alawan Express
- M Luhillier
Bank Transfers
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Count on a wide variety of options to drive conversion.
- Union Bank
- BPI

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Dominican Republic

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