#e-sabong gcash

The Bangko Sentral ng Pilipinas (BSP) has recently ordered BSP-Supervised Financial Institutions (BSFIs) to remove all electronic sabong (e-Sabong) operators from the list of merchants in their respective online applications. The BSP issued the order through Memorandum 2022-026 to all BSFIs following President Duterte’s orders to suspend all e-Sabong operations in the country effective May 3, 2022. The BSP also directed BSFIs to inform their clients who still have remaining funds in their e-Sabong accounts to transfer the funds back to their e-wallets within 30 days from the issuance of the memorandum. After said 30 days, BSFIs are directed to disable the link between e-Sabong accounts and e-money wallets, including e-Sabong merchant operator accounts. Senator Francis Tolentino also proposed the temporary removal of e-sabong payment system from the GCash menu. Vice President of E-Sabong Licensing Department of Pagcor, Diane Erica Jogno, who is present in the hearing said that Pagcor is okay with the suspension and will seek approval from the Office of the President to suspend e-sabong operations in the country. GCash announced today their partnership with Facebook to bring the famous virtual wallet into Messenger. GCash started back in 2004 as Globe's mobile money wallet and has since grown to be one of the most used money transfer and payment portal in the Philippines. Read more in our articles including "BSP orders removal of e-sabong from apps of supervised entities" and "Senate committee to issue Pagcor resolution suspending e-sabong".