In the Philippines, the total card payment value is projected to reach PHP 4.6 trillion by 2027, driven heavily by credit cards which account for nearly 65% of all card spending despite making up only 13% of point-of-sale and e-commerce transactions. This disproportionate spending volume is fueled by consumers routing high-ticket purchases through credit cards to maximize rewards and merchant discounts, a trend that is rapidly expanding as over 1.4 million Filipinos, 57% of whom are under the age of 35, have recently acquired their first cards.
Features & Requirements
Channel Code | CARDS |
Display Name | Cards |
Currency | PHP, USD |
Country | PH |
Type | CARDS |
Min Amount | 20 |
Max Amount | 700,000.00 |
User Approval Flow | REDIRECT, SKIP |
Reusable Payment Code | - |
Save | ✓ |
Merchant Initiated Transaction | ✓ |
Auth & Capture | ✓ |
Partial Capture | ✓ |
Desktop Support | WEB URL |
Mobile Support | MOBILE WEB URL |
Custom Payment Code | - |
Display Merchant Name | XENDIT, MERCHANT |
Customize Display Name | - |
Set Expiry | - |
Payment Request Expiry (hours) | 0.166 |
Payment Token Validity (years) | CARD EXPIRY |
Payment Processing Time (hours) | INSTANT |
Settlement Time | PHP T+2 BUSINESS DAYS USD T+5 BUSINESS DAYS |
Installments | - |
Refund | ✓ |
Partial Refund | ✓ |
Multiple Partial Refund | ✓ |
Refund Validity (days) | 365 |
Payment Link | ✓ |
Fund Flow | AGGREGATOR, GATEWAY |