{"id":777030332,"date":"2025-08-14T08:09:05","date_gmt":"2025-08-14T11:09:05","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777030332"},"modified":"2026-04-21T20:07:57","modified_gmt":"2026-04-21T23:07:57","slug":"philippine-central-bank-orders-e-wallets-to-unlink-from-online-gambling-platforms","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/philippine-central-bank-orders-e-wallets-to-unlink-from-online-gambling-platforms","title":{"rendered":"Philippine Central Bank orders e-wallets to remove links to online gambling platforms"},"content":{"rendered":"\n

The BSP has given companies 48 hours to comply with the new directive.<\/p>\n\n\n\n\n\n\n\n

The Philippines.- The Bangko Sentral ng Pilipinas (BSP)<\/strong> has ordered e-wallets, payment apps and other supervised financial institutions to remove links to online gambling platforms. They have been given until August 16 to comply with the directive.<\/p>\n\n\n\n

At today’s Senate committee on games and amusement hearing, BSP deputy governor Mamerto Tangonan<\/strong> said the order was issued following a decision by the Monetary Board. Tangonan said a 48-hour window was provided to give consumers time to withdraw any funds they may have in online gaming accounts. He said users could still potentially use their e-wallets to pay for gambling if they access the sites directly.<\/p>\n\n\n\n

Earlier this month, the BSP said it was finalising new rules<\/a> that would require banks, e-wallets, and other financial service providers to adopt stronger safeguards against gambling-related harm. Developed following public consultation<\/a>, the measures would include identity verification via biometric checks like facial recognition to ensure only those eligible can use their funds for online gambling, it said.<\/p>\n\n\n\n

The BSP also intends to propose daily limits on gambling-related transfers to reduce excessive financial losses, time-based restrictions on gambling payments to help curb impulsive behavior and tools for setting personal spending caps, voluntary breaks or self-excluding from gambling transactions.<\/p>\n\n\n\n

The Senate has begun deliberations on several bills aimed at more strictly regulating or outright banning online gambling. Lawmakers remain divided<\/a> over the issue and the Philippine government has stressed that it will not rush into a decision<\/a> regarding a possible ban.<\/p>\n\n\n

\n\t\t\tSee also:<\/span><\/p>\n
\n\t\t\t\t\"\"<\/p>\n

\n\t\t\t\t\tSee also:<\/span> Philippine Central Bank working on new rules for online gambling payments<\/a>\n\t\t\t\t<\/p>\n<\/p>\n<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"

The BSP has given companies 48 hours to comply with the new directive.<\/p>\n","protected":false},"author":226,"featured_media":16187,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"The Bangko Sentral ng Pilipinas (BSP) has mandated e-wallets and supervised financial institutions to delink from online gambling platforms by August 16, following a Monetary Board decision. Concurrently, the BSP is finalizing new regulations requiring enhanced safeguards, including biometric verification, daily spending limits, and self-exclusion tools, to mitigate gambling-related harm. These measures coincide with ongoing Senate deliberations on stricter online gambling regulation or a potential ban in the Philippines.","focusai_entities":"Bangko Sentral ng Pilipinas (BSP), Monetary Board, Mamerto Tangonan, Senate committee on games and amusement","focusai_location":"The Philippines","focusai_target_profile":"ceo_executive (0.95), regulator (0.98), compliance_legal (0.95), operator_casino (0.97), affiliate_publisher (0.8), product_ux (0.9), tech_data (0.9), marketing_crm (0.75), payments_fraud_aml (0.98), investor_analyst (0.95), supplier_vendor (0.9), journalist_researcher (0.95)","focusai_suggestions":[{"label":"Impact on GGR","query":"What is the projected impact of the BSP's delinking directive and proposed financial safeguards on the Gross Gaming Revenue (GGR) of licensed online gambling operators in the Philippines?"},{"label":"Regulatory Compliance Timeline","query":"What specific technical and operational adjustments are required for e-wallets and supervised financial institutions to achieve full compliance with the BSP's delinking order and the forthcoming biometric and spending limit regulations, and what is the detailed timeline for these implementations?"}],"footnotes":""},"categories":[24628,156,16333],"tags":[24830,24861,4138,24860],"class_list":["post-777030332","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-highlight-of-the-week","category-regulation-news","category-south-east-asia-news","tag-bangko-sentral-ng-pilipinas","tag-ewallets","tag-online-gambling","tag-philippine-central-bank"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777030332","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/226"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777030332"}],"version-history":[{"count":5,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777030332\/revisions"}],"predecessor-version":[{"id":777030349,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777030332\/revisions\/777030349"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/16187"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777030332"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777030332"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777030332"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}