Digital 2026: 88.5% of Filipinos Embrace Online Banking Monthly
88.5% of Filipinos Use Digital Banking Monthly

The Philippines has solidified its status as one of the world's most digitally engaged nations, with nearly the entire population now actively participating in the online ecosystem according to the recently released Digital 2026: Philippines Report by Meltwater and We Are Social.

Near-Universal Digital Connectivity

The comprehensive study reveals that 98 million Filipinos regularly access the internet, while social media identities have surged to 96 million - representing a substantial 10.3% annual growth. This digital penetration is supported by the fact that 98.6% of the population now owns a smartphone, creating an environment of near-universal connectivity.

This widespread access has transformed how Filipinos interact with digital content. The report indicates that Filipinos now spend more than 20 hours weekly watching online videos, doubling the time dedicated to traditional television. Streaming services including Netflix, Disney+, and Prime Video continue to expand their reach, while local creators and influencer vlogs maintain central positions in the national digital culture.

Digital Finance Revolution

Beyond entertainment and social connectivity, the Philippines is experiencing a significant transformation in financial behaviors. The most striking finding reveals that 88.5% of Filipinos now utilize online platforms for banking, investment, or insurance activities every month.

This substantial adoption rate indicates growing public confidence in managing financial matters digitally and represents a major step toward financial inclusion in an economy where many previously lacked access to traditional banking services.

E-commerce has similarly flourished, with 56.3% of Filipino consumers making at least one online purchase each week. Total digital spending reached approximately P487.5 billion (US$8.24 billion) across electronics, food, and fashion categories in 2025. Digital payment methods have evolved significantly, with e-wallets like GCash and Maya now accounting for 39% of all digital transactions, surpassing traditional card-based payments.

From Connectivity to Empowerment

Mimrah Mahmood, APAC Vice President of Meltwater, emphasized the significance of these developments. "Filipinos have long been recognized as one of the most digitally active nations, and our 2026 data reaffirms that," Mahmood stated. "What stands out this year is how digital behavior has matured, moving beyond streaming and social engagement into e-commerce and digital finance. The Philippines is no longer just connected but empowered by the tools people use every day."

Globally, digital adoption now encompasses over six billion people, with more than one billion regularly using artificial intelligence tools. The Philippines' rapid progression through communication, entertainment, and commercial applications signals an important evolution from basic connectivity to genuine technological empowerment.

As Filipinos increasingly leverage digital tools to create opportunities, express creativity, and build more inclusive communities, the nation demonstrates how technology can transform both individual lives and broader economic landscapes.