The massive growth of ecommerce in the Philippines during the pandemic propelled the adoption of ewallets during the last three years. The ecommerce market is projected to reach $20.18billion in 2022, growing by more than 17 percent according to Statista. Accordingly, the projected ecommerce volume in 2025 is $32.70 billion, indicating the continued online buying behavior of the Filipinos. This does not include the online transactions happening across seller and buyers in other platforms such as Facebook marketplace or Viber groups.

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