Insider Spotlight
Who’s covered
The directive applies to e-wallet operators, banks offering payment services, and other BSP-supervised institutions. It covers any in-app product, service, or feature that redirects an account holder to a gaming or gambling website.
Why it matters
In a statement on Thursday, Aug. 14, 2025, the BSP cited a surge in online gambling transactions and its growing toll on the financial health of consumers and their families. The central bank also pointed to the broader social costs of such activities, underscoring the urgency of intervention.
The suspension is a preemptive measure while the BSP finalizes a comprehensive policy on online gambling payment services. No date was given for the release of the permanent guidelines.
Next steps
Institutions must comply within the two-day window to avoid regulatory sanctions. The order is part of BSP’s broader push to mitigate risks in the financial system, particularly those tied to emerging digital channels that can amplify harmful consumer behaviors.
For users, it means certain in-app features or links previously available in payment apps may now be disabled or removed entirely.
Until BSP issues its formal policy, in-app gambling access will remain suspended across all regulated payment platforms.
— Edited by Daxim L. Lucas
