With the country's growing number of smartphone users, PayPal forecasts Philippine mobile e-commerce to climb from an estimated P38.4 billion in 2017 to an estimated P55.7 billion in 2018.
Online shopping platform Shopee said 2016 was its banner year, thanks to remittances which boosted personal consumption spending and revenues from the business process outsourcing sector.
E-commerce continues to thrive in the Philippines with six out of 10 Filipinos buying products and services online – an increase from only 46 percent in 2014 – with almost 60 percent of those below the age of 35 having shopped online using their mobile devices, according to recent Visa research.
