Supplementary notes
*Forecast.
E-wallets included in the study were CIS Bayad Center, Coins.ph, eCebuana, GCash, Juan Cash, Lazada Wallet, Mango, MarCo Pay, Maya, Moneygment, PayLoro, Star Pay, Tagcash and Toktokwallet. These e-wallets have both electronic money issuer and operator of payment system licenses from the central bank or are operated in partnership with these licenses.