The Bangko Sentral ng Pilipinas (BSP) has ordered all e-wallet providers to cut access to online gambling platforms within 48 hours. The directive targets in-app links that connect users directly to betting sites. BSP Deputy Governor Mamerto Tangonan announced the move during a Senate hearing, citing nearly 12,000 active illegal gambling sites in the country.
Senators Push for Immediate Action
Several lawmakers challenged the 48-hour grace period, insisting that e-wallet operators could act immediately. Senator Alan Peter Cayetano questioned why BSP would allow two more days of gambling activity. Senator Erwin Tulfo warned Tangonan to remove all links by Saturday night or face contempt charges. Cybercrime officials confirmed they could technically remove the links right away, undermining BSP’s explanation for the delay.
Industry Group Warns of Risks
The PlaySafe Alliance PH, representing licensed operators, urged regulators to keep e-wallets as enforcement tools instead of disconnecting them completely. The group explained that regulated payment platforms provide vital Know Your Client (KYC) data and transaction trails that help authorities track illegal operators. They warned that without e-wallet monitoring, operators and bettors might switch to cash couriers or harder-to-trace payment channels.
Regulatory Crackdown Intensifies
Lawmakers continue to push for tighter control or outright bans on online gambling due to its growing social impact. In response, BSP plans to introduce stricter payment regulations, including enhanced identity verification, daily transaction limits, and closer monitoring of gambling-related activity.
