More Filipinos now use digital payments: Shopee

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Electronic commerce platform Shopee saw an acceleration in digital payments with more Filipinos paying for their purchases via credit cards, bank transfers and ShopeePay.

Yet 70 percent of the total number of purchases made using digital payments were by users between the ages of 18 to 34.

Older users are also starting to adopt digital payments when shopping online as Shopee observed a 100 percent increase in the number of ShopeePay transactions among users over the age of 50.

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Shopee also observed that over the past year, the rate of growth in the adoption of digital payments is 80 percent higher for men than for women.

Shopee also said the National Capital Region has the highest digital payment adoption.

Larger cities, which are critical drivers of the Philippines’ economic growth, have better connectivity and a more developed IT infrastructure. Individuals in these cities also have better accessibility to smartphones, contributing to the adoption of digital payments.

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