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Philippines
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QR Ph Is Accelerating the Philippines' Digital Payment Transformation
The Philippines is rapidly modernizing its payment infrastructure through QR Ph, the national interoperable QR payment standard developed by the Bangko Sentral ng Pilipinas (BSP). While digital wallets account for approximately 41% of e-commerce payments, QR Ph is expanding account-to-account and QR payments across banks, wallets and merchants nationwide.
Leading payment providers such as GCash and Maya support the country's transition toward interoperable digital payments, reducing reliance on cash and creating a more connected payment ecosystem.
Through one API, 8B enables businesses to connect to QR Ph, GCash, Maya and other Philippine payment methods, simplifying access to the country's growing digital payment landscape.
Cross-Border Payment Infrastructure for Global Growth
Local Payment Infrastructure
Connect to local payment methods, bank transfers and digital wallets through a single API. Expand into new markets faster with regulated cross-border payment infrastructure.
Payments & Payouts
Accept customer payments, automate partner payouts and simplify global money movement through regulated fintech infrastructure.
Industries We Support
Supporting e-commerce, travel, gaming, marketplaces, financial institutions, PSPs and fintech companies expanding into new markets.
One API
Launch new markets faster without building separate local payment integrations. Reduce operational complexity while improving payment acceptance and customer experience.
Expand into new markets with regulated cross-border payment infrastructure. 8B connects businesses to local payment methods, national QR networks, bank transfers and digital wallets through a single API, helping businesses launch faster while reducing integration complexity.
Offer customers the payment methods they already know and trust.
Supported Payment Methods
GCash is the Philippines’ leading mobile wallet and financial super app, operated by Mynt. It allows users to pay bills, transfer money, shop online, access credit, save, invest and use insurance services through a single app. In 2025, GCash served around 94 million users and processed approximately PHP 17 trillion in gross transaction value, making it one of Southeast Asia’s most important digital wallet ecosystems. For merchants, GCash is essential for local payment acceptance in the Philippines.
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Reasons for Popularity
GCash has a user-friendly mobile app that's accessible to most Filipinos with smartphones
GCash is accepted at a vast network of merchants (400+ billers), from major retailers and restaurants to smaller businesses and even street vendors
GCash allows people without traditional bank accounts to participate in the digital economy, making financial services accessible to a wider population. In partnership with CIMB allow to open a savings account with no initial deposit
GCash enables users to stretch their budgets with GCredit based on users’ GScore
GrabPay is the digital wallet embedded in the Grab super app ecosystem, supporting payments for mobility, food delivery, online services and selected merchants. While GrabPay adoption varies by market, the broader Grab platform reached 129 million annual transacting users in 2025 across Southeast Asia. For merchants, GrabPay is most relevant where consumers already use Grab for daily services and expect a wallet-based checkout experience linked to the wider super app ecosystem.
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Reasons for Popularity
Broad adoption due to convenience and low cost of services, including embedded payments of GrabPay
Embedded in-app services including everyday use cases like transportation, food delivery, and online shopping
Rewards and promotions within the app, e.g. users may earn GrabRewards pointsGrab wallet can be topped up through grab drivers during a ride
Maya is a Philippine digital wallet and digital banking platform offering wallet payments, QR Ph payments, transfers, savings, credit and merchant services. It has evolved from an e-wallet into a broader financial services ecosystem, competing directly in the Philippines’ fast-growing digital finance market. For merchants, Maya is a key local wallet option for customers who prefer mobile-first payments, QR-based checkout and app-based financial services.
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Reasons for Popularity
Maya offers digital payments, money transfers, bill payments, investments, and online shopping—no cash needed
Maya is widely accepted by various merchants, online platforms, and establishments in the Philippines
As a licensed bank, Maya combines digital convenience with the security of regulated financial services
Maya offers a stunning 14% interest p.a., much higher than market average of 4%
InstaPay is the Philippines’ real-time electronic fund transfer system, while QR Ph is the national QR code standard built on InstaPay for person-to-merchant and person-to-person payments. Together, they allow consumers to make instant bank and wallet-based transfers using QR codes across participating financial institutions. For merchants, QR Ph and InstaPay support fast local payment acceptance in a market where mobile wallets and bank apps are central to everyday digital transactions.
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Reasons for Popularity
InstaPay provides a simplified address “IPA” for transfers instead of using account number, making it ideal for urgent transactions
Anyone with a Peso bank account or e-wallet is eligible to use InstaPay
The Central Bank of the Philippines (Bangko Sentral ng Pilipinas) is actively promoting InstaPay as a key step toward building a more inclusive and cashless society. Its efforts have made InstaPay an essential tool for enabling seamless, real-time digital transactions for millions across the country
Pay by Bank (BPI, UBP, BDO, Metrobank, LandBank, RCBC) or Virtual Accounts in the Philippines are ad-hoc bank account details to receive bank payments to real bank accounts without sharing the underlying bank details. Each bank has their own system of creating and managing VAs.
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Reasons for Popularity
Personalized, streamlined, and innovative financial services, offering customers a more convenient and efficient experience
Collaboration and partnerships between traditional banks and fintech firms, fostering a more competitive and diverse financial ecosystem
Access to a wider range of financial products
Government and regulatory support for open banking initiatives
Coins.ph is a Philippine digital wallet and financial services platform that allows users to send money, pay bills, buy mobile load and access selected digital asset services. It is one of the country’s recognized wallet brands and is especially relevant for users looking for mobile-first financial services beyond traditional banking. For merchants, Coins.ph can provide access to wallet-based consumers in the Philippines’ rapidly digitizing payments market.
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Reasons for Popularity
Accessibility: The app targets the unbanked demographic, allowing users without bank accounts to access essential financial services directly from their smartphones
Comprehensive Services: Coins.ph offers a wide range of functionalities, including cryptocurrency management (supporting over 90 cryptocurrencies), bill payments for more than 120 types of bills, cash-in and cash-out services through an extensive network of over 33,000 partner locations nationwide
Regulatory Compliance: Coins.ph is licensed by the Bangko Sentral ng Pilipinas (BSP) as both a Virtual Currency and Electronic Money Issuer
Innovative Technology: Utilizing blockchain technology allows for instant cross-border transactions and contributes to the overall efficiency of the service
Built for Developers
Modern APIs, clean documentation and rapid integration.
Built for Finance Teams
Automated reconciliation, transparent reporting and streamlined settlements.
Built for Customers
Trusted local payment methods, smooth checkout journeys and fewer abandoned carts.
