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Philippines Orders E-Wallets to Cut Ties with Online Gambling

Central bank gives platforms 48 hours to drop in-app gambling access.

  • Publish date: since a day Reading time: 1 min read
Philippines Orders E-Wallets to Cut Ties with Online Gambling

The Bangko Sentral ng Pilipinas (BSP) just dropped a bombshell for e-wallets: unlink from online gambling platforms — and fast. Deputy Governor Mamerto Tangonan told senators the order was given today (Aug 14), giving companies until Saturday to scrub their apps clean.

Why the Wait?

Senators weren’t thrilled about the two-day grace period, questioning why it couldn’t be instant. BSP says removing links takes time and also lets users withdraw their funds from gambling accounts.

BSP orders e-wallets to unlink from online gambling

You Can Still Access Sites Directly

Even after links vanish from apps, e-wallets can still process payments if you go straight to a gambling website. Full regulations on this are still in the works.

The Bigger Gambling Debate

The Senate is weighing whether to ban online gambling outright or just tighten rules. PAGCOR’s idea? Limit bets to physical stations, similar to horse racing. Credit card use for gambling debts is already off the table.

This article was previously published on UAE Moments. To see the original article, click here

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