As of December 2023, there were about 5.9 million depositors at digital banks in the Philippines, indicating an increase of about 27 percent. There are currently six licensed digital banks in the country.
Number of depositors at digital banks in the Philippines in September and December 2023
(in millions)
Characteristic
Number of depositors in millions
Sep '23
4.61
Dec '23
5.85
01234567
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The Philippine Star. (April 6, 2024). Number of depositors at digital banks in the Philippines in September and December 2023 (in millions) [Graph]. In Statista. Retrieved June 06, 2025, from https://www.statista.com/statistics/1497755/philippines-digital-banking-depositor-base/
The Philippine Star. "Number of depositors at digital banks in the Philippines in September and December 2023 (in millions)." Chart. April 6, 2024. Statista. Accessed June 06, 2025. https://www.statista.com/statistics/1497755/philippines-digital-banking-depositor-base/
The Philippine Star. (2024). Number of depositors at digital banks in the Philippines in September and December 2023 (in millions). Statista. Statista Inc.. Accessed: June 06, 2025. https://www.statista.com/statistics/1497755/philippines-digital-banking-depositor-base/
The Philippine Star. "Number of Depositors at Digital Banks in The Philippines in September and December 2023 (in Millions)." Statista, Statista Inc., 6 Apr 2024, https://www.statista.com/statistics/1497755/philippines-digital-banking-depositor-base/
The Philippine Star, Number of depositors at digital banks in the Philippines in September and December 2023 (in millions) Statista, https://www.statista.com/statistics/1497755/philippines-digital-banking-depositor-base/ (last visited June 06, 2025)
Number of depositors at digital banks in the Philippines in September and December 2023 (in millions) [Graph], The Philippine Star, April 6, 2024. [Online]. Available: https://www.statista.com/statistics/1497755/philippines-digital-banking-depositor-base/
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