#BSP e-wallets

The Bangko Sentral ng Pilipinas (BSP) has ordered e-wallets to unlink their platforms to online gambling sites within 48 hours. BSP Deputy Governor Mamerto Tangonan has stated that they have issued an order for e-wallet platforms to remove links in-apps to allowing users to use e-gambling sites. Users of the e-wallets can still use the e-wallet platforms by going directly to the e-gambling website. The Bangko Sentral ng Pilipinas (BSP) has introduced new rules aimed at making electronic payment fees fairer and more transparent, while also lifting the moratorium on increases in InstaPay and PESONet transaction charges. M-2026-025 issued on June 17, the BSP announced that the Monetary Board approved the lifting of the fee increase moratorium for InstaPay and PESONet transactions. The move will take effect alongside BSP Circular No. According to the BSP, the decision follows the implementation of zero fees for small merchant payments and the establishment of a pricing framework for person-to-person electronic fund transfers. Under the new rules, BSP-supervised financial institutions (BSFIs) must adopt pricing mechanisms that are reasonable, fair, and based on market conditions. Read more in our articles including "BSP issues e-wallets to unlink from online gambling sites" and "Banks, e-wallets face new BSP rules on digital payment fees".