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Philippines Went Cashless. Its Bank Accounts Went the Other Way

This story is from 2026-10-12. It is preserved in the archive; the latest stories are on the live feed.

Everyone celebrates the 64.7 percent figure. Digital payments now cover nearly two thirds of Philippine retail transactions by volume, up from 57.4 percent a year earlier, and the central bank has set 70 percent as its next target (Source: Bangko Sentral ng Pilipinas, 2026). But strip out the payme…

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  1. 2026-10-12 23:22 · DEV Community — AI
    Philippines Went Cashless. Its Bank Accounts Went the Other Way

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