The Philippine Amusement and Gaming Corporation (PAGCOR) reported a 49% decline in revenues following the removal of online gambling links from major e-wallet platforms such as GCash and Maya in August. She attributed the drop to the Bangko Sentral ng Pilipinas (BSP) directive ordering payment platforms to remove icons and links that redirected users to online gambling sites. The BSP issued the order on August 14, following a Senate inquiry into stricter regulations or a potential ban on online gambling. Lawmakers also questioned e-wallet providers about their previous earnings from online gambling transactions. The BSP said it is finalizing new regulations for e-wallets and banks that will include limits on betting amounts, restrictions on gaming top-ups, and a ban on using online loans for gambling. Other planned measures include pop-up alerts, self-exclusion options for users, and a ban on gambling ads and links within financial apps. Read more in our articles including "PAGCOR revenue drops nearly half after e-wallets cut gambling links" and "Banks, e-wallets face new BSP rules on digital payment fees".
The Philippine Amusement and Gaming Corporation (PAGCOR) reported a 49% decline in revenues following the…
Oct 23, 2025
The Bangko Sentral ng Pilipinas (BSP) has introduced new rules aimed at making electronic payment…
Jun 19, 2026Here’s some good news for people looking into budget 3G internet. Sun Cellular Wireless Broadband…
Feb 8, 2009
Insta360 has officially launched the Luna Ultra in the Philippines. The camera is co-engineered with…
Jun 24, 2026
After being spotted in Lazada, the Infinix HOT 70 is now available in the Philippines.…
Jun 24, 2026
NVIDIA has announced Halos for Robotics. It is a new full-stack safety platform designed to…
Jun 23, 2026The Philippine Amusement and Gaming Corporation (PAGCOR) reported a 49% decline in revenues following the removal of online gambling links from major e-wallet platforms such as GCash and Maya in August. She attributed the drop to the Bangko Sentral ng Pilipinas (BSP) directive ordering payment platforms to remove icons and links that redirected users to online gambling sites.
The BSP issued the order on August 14, following a Senate inquiry into stricter regulations or a potential ban on online gambling. Lawmakers also questioned e-wallet providers about their previous earnings from online gambling transactions. The BSP said it is finalizing new regulations for e-wallets and banks that will include limits on betting amounts, restrictions on gaming top-ups, and a ban on using online loans for gambling.
Our coverage of e-wallet gambling ban Philippines includes: "PAGCOR revenue drops nearly half after e-wallets cut gambling links"; "Banks, e-wallets face new BSP rules on digital payment fees"; "Sun Cellular 3G: Speed Up, Price Down ". Each article provides unique insights and information.