Philippines digital payments surge as EUDI moves forward

Homepage > News > Finance > Philippines digital payments surge as EUDI moves forward TL;DR: Digital payments and digital wallets continue to expand across markets, with the Philippines’ InstaPay and PESONet transactions surpassing PHP22 trillion ($350.89 billion) in the first eight months of 2026, while Europe moves toward EUDI Wallet rollout despite uneven readiness. In the U.S., PYMNTS found that 47% of shoppers abandoned carts due to missing digital payment options. Key Takeaways: Philippines’ InstaPay and PESONet transactions reached PHP22.12 trillion ($350.89 billion) from January to August 2026, up 44.72% year-on-year. EU Digital Identity Wallets are approaching rollout deadlines while some technical standards and national implementations remain incomplete. PYMNTS found that 47% of U.S. consumers abandon their online cart because their preferred payment method was unavailable. The Philippines’ digital payments surpassed PHP 22 trillion in August Digital payments have continued to expand in the Philippines in the first eight months of 2026, with transactions from two major electronic fund transfer systems surpassing PHP 22 trillion ($350.89 billion), The Manila Times ...