QR Ph has become the dominant payment method among Philippine businesses utilizing fintech platform PayMongo, accounting for 55% of the total payment volume processed during the first half of 2026. Data published by PayMongo indicated that the national QR standard surpassed the combined shares of credit cards and e-wallets, registering a 510% year-over-year growth from its 16% share in 2025. Shift in Payment Preferences According to the transaction records from January to June 2026: E-wallets held a 21% share of the platform’s payment volume, while credit cards fell to 19%, marking an 8% absolute volume decline year-over-year. Direct online banking …


