Philippines - Digital River - EN

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Philippines *

Accelerate your revenue with a new audience of customers throughout Philippines - without friction or complexity.

*The sale of certain products in this market may be subject to international export regulations. If you would like to learn more about selling into this market, lets chat.

Why Sell into Philippines?

The Philippines is one of the most dynamic economies in the East Asia Pacific region. The country has increasing urbanization, a growing middle class, and a large and young population. The forces fueling economic growth include solid fundamentals, a competitive workforce, a stable job market, steady remittances, and investment in the construction sector.

As of January 2020, the airlines and hotels segment accounted for 29% of the ecommerce market, followed by clothing and footwear with a 13% market share. During the same period, the average online transaction was $112.

Processing Currency
Available currencies will depend on the payment method provider, as well as any regulatory restrictions.

PHP

Available Product Categories
Digital River can support the sales of these types of products for this specific market.

Digital


Where can companies sell into Philippines from?


Popular payment types in Philippines

Cash is the the preferred payment method for online purchases in the Philippines, however digital wallets are forecasted to be the most popular method by 2022. In 2019, cash represented 47% of the market while bank transfers accounted for 41%, credit cards 10%, and wallets 1%.

Southeast Asia was already a fintech and an ecommerce hub, but 2020 has seen a resounding increase in the speed with which the region accelerated toward online payments in ecommerce, riding the trend created by the Covid-19 pandemic swiftly into establishing a cashless society as the new norm.


Available payment types for Philippines
The list below represents the current categories of payment options Digital River supports for this market.


Payment methods for Philippines


Fulfillment details for Philippines

Cross-Border Fulfillment: Landed Cost is Available.

Calculation of duties and fees incurred when goods are shipped cross border.


In-Country Fulfillment: Not available

eCommerce facts and figures
$376.8 B GDP 110 M Total Population 72% Internet Usage

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