Asia-Pacific Economic Cooperation, APEC,Association of Southeast Asian Nations, ASEAN
21-09-2020
Work Detail
Philippines Merchant Payment Digitization ConsultantDeadline 21 Sep 2020 23 59 GMT 4 00 Eastern Time US Canada Bogota LimaThis role will support the in country advisory services offered to the Government and Corporate Sector Alliance members in the Philippines As identified by the The State of Digital Payments in the Philippines country diagnostic published in 2019 merchant payments constitute the largest share of overall payments in country Given that only 12 15 of all merchants accept digital payments there is much headroom for growth The Philippines has also seen considerable growth of the e commerce sector with recorded annual revenue of USD 3 Bn in 2019 and is slated to grow to USD 12 Bn by 2025 While there is an increasing number of merchants who are leveraging digital platforms e g social media and or e commerce platforms to market their wares payments for goods are still largely made through Cash on delivery COD which accounts for 85 of sales
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