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Credit cards in Philippines
As at 31st March 2016, there are 8,046,867 credit cards in Philippines, an increase of 0.04% or 3,402 cards in three months period, compares to 8,043,465 as at 31st December 2015. For the three months ended 31st March 2016, 44.61 millions credit card payment transactions recorded, with a total value of PHP$169.543 billions. As at 31st June 2016, credit card receivables stood at PHP$224.576 billions, an increase of 1.02% or PHP$2.262 billions in six months period compares to PHP$222.314 billions as at 31st December 2015.

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Quarterly Statistics Credit cards in Philippines 2016

As at 31st March 2016, credit card receivables stood at PHP$216.454 billions, a decrease of 2.64% or PHP$5.86 billions in three months period compares to PHP$222.314 billions as at 31st December 2015. As at 30th June 2016, credit card receivables stood at PHP$224.576 billions, an increase of 3.75% or PHP$8.122 billions compares to PHP$216.454 billions as at 31st March 2016.

The 44.61 millions credit card transactions with a total value of PHP$169.543 billions in Quarter 1, 2016 can be further broken-down into the following type of transactions:-

  • 34.35 millions swiping of cards in terminals, with a total value of PHP$122.773 billions.
  • 5.04 millions internet sales (e-commerce), with a total value of PHP$17.277 billions.
  • 557,132 phonebanking, with a total value of PHP$2.283 billions.
  • 81,541 balance transfer, with a total value of PHP$3.802 billions.
  • 494,840 bills payments, with a total value of PHP$1.708 billions.
  • 1.06 millions auto-debit Arrangement, with a total value of PHP$3.312 billions.
  • 3.02 millions other types of transactions, with a total value of PHP$18.389 billions.

Credit cards in Philippines 2015

As at 31st December 2015, there are 8,043,465 credit cards in Philippines(0.08 cards per capita). As at 31st December 2015, credit card receivables stood at PHP$222.314 billions, an increase of 9.05% or PHP$18.447 billions compares to PHP$203.867 billions as at 31st December 2014. For the 12 months ended 31st December 2015, 137.86 millions credit card payment transactions recorded, with a total value of PHP$516.769 billions.

The 137.86 millions credit card transactions with a total value of PHP$516.769 billions in 2015 can be further broken-down into the following type of transactions:-

  • 112.16 millions swiping of cards in terminals, with a total value of PHP$390.163 billions.
  • 12.798 millions internet sales (e-commerce), with a total value of PHP$45.290 billions.
  • 867,148 phonebanking, with a total value of PHP$5.004 billions.
  • 297,911 balance transfer, with a total value of PHP$12.125 billions.
  • 1.68 bills payments, with a total value of PHP$5.569 billions.
  • 3.65 millions auto-debit Arrangement, with a total value of PHP$11.573 billions.
  • 6.40 millions other types of transactions, with a total value of PHP$47.004 billions.

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