The country’s two e-wallet companies on Thursday said they will comply with the Bangko Sentral ng Pilipinas’ (BSP) directive to remove links and icons that connect payment apps to online gambling platforms.
“The update will be implemented in line with the BSP’s guidance. We assure customers that their accounts and transactions remain secure and fully operational,” Maya Philippine said.
“We remain focused on serving our customers while fully complying with regulatory requirements,” it added.
GCash, on the other hand, said it will also comply with the directive of BSP.
“We share the BSP’s commitment to ensuring that digital financial services are used responsibly and in ways that protect the welfare of Filipinos,” GCash said.
“Once we receive the official directive, we will immediately enforce the necessary changes to ensure compliance and safeguard our users,” it added.
The Bangko Sentral ng Pilipinas (BSP) on Thursday ordered electronic wallets, including GCash and Maya, to remove links to online gambling platforms within 48 hours.
“We ordered them today [to remove links to online gambling] within 48 hours,” BSP Deputy Governor Memento Tangonan said.
“The Monetary Board has approved our policy that we asked or we order, direct the BSP supervised institutions to take down and remove all icons and links redirecting to gambling sites,” Tangonan added,
