#IGL Philippines

Marcos announced a total ban of POGOs (IGLs) in the Philippines. Here's what you need to know about this new development: POGOs (Philippine Offshore Gaming Operators) have long been in operation in the Philippines, going as far back as 2003. By July 2023, PAGCOR canceled all POGO licenses and required all operators to register under a new name called IGL (Internet Gaming Licensee). As of today, there are only 42 remaining IGLs with an estimated 45,000 Filipino employees. The ban on POGO is equivalent to a ban on IGL (as they are one and the same). Once this EO is in place, PAGCOR can now move to wind down the operations of the remaining 42 IGLs. Yesterday, Bureau of Immigration Commissioner Al Tansingco said foreign nationals who worked with POGOs and IGLs, as well as its related service providers will be given 59 days to wind down their affairs and leave the country. Photo: insiderph.com "By enabling partners to facilitate barcode-enabled deposits and withdrawals, as well as account openings and product applications just by scanning a QR code, we are bringing full-service banking to any community in the Philippines—even the most remote islands," said Rally Jereza, head of BPI Agency Banking. Read more in our articles including "Total Ban on POGO/IGL: What you need to know" and "BPI partners with Robinsons Retail for barcode cash deposits in stores".