Online gaming firm DigiPlus Interactive Corp. saw its third-quarter profit plunge after new government regulations forced e-wallet providers to cut off in-app access to licensed gaming platforms.
In a disclosure to the Philippine Stock Exchange, DigiPlus reported a 59 percent drop in net income...
While Senator Erwin Tulfo commended the e-wallet firms for complying with the Bangko Sentral ng Pilipinas’ (BSP) 48-hour deadline since August 14 to remove the links of online gambling sites from their mobile applications, he emphasized that the fight against its accessibility is far from over. ...
Senators on Thursday, Aug. 14, became more determined to remove the convenience in accessing online gambling sites through e-wallet applications. The Bangko Sentral ng Pilipinas (BSP) has ordered e-wallet applications to remove, within 48 hours, all online gambling links that appear on their...
Senate Majority Leader Joel Villanueva has called on the Bangko Sentral ng Pilipinas (BSP) to intensify its regulatory efforts against online lending applications, which have been linked to the growing incidence of cybercrimes and the rise of online gambling in the country. In a recent statement,...
Senator Erwin Tulfo on Thursday, July 31, made a call to e-wallet corporations to initiate the removal of online gambling links on their platforms as a form of social responsibility. Tulfo, Chairperson of the Senate Committee on Games and Amusement, made the call ahead of the upcoming hearings on...
Senator Sherwin Gatchalian is set to file a bill that seeks to penalize companies as well as personalities who are involved in the promotion and activities of illegal online gambling in the Philippines. "Maglalabas kami ng isang batas: Lahat ng kumpanya o tao na konektado sa iligal na online...
Senator Joseph Victor “JV” Ejercito filed on Tuesday, July 8 a resolution asking the Senate to look into the rapid proliferation of online gambling in the Philippines. In his resolution, Ejercito lamented that online gambling has become a widespread activity among Filipinos particularly...
Ayala-led Globe Telecom Inc. saw its net income expand in the first quarter of the year as its equity stake in Mynt, the holding company of popular e-wallet GCash, continued to pay off even after the dilution of its share. In a regulatory filing published on its website, Globe reported that its net...
Benhur Abalos (Ellson Quismorio/ MANILA BULLETIN) Senatorial aspirant Benjamin “Benhur” Abalos, Jr. has committed to help officers and members of tricycle operators and drivers’ association (TODA) in Metro Manila who have been complaining of...
A resolution seeking an official investigation on the recent spate of unauthorized transactions, scams and other irregulariteis involving GCash and other mobile financial services has been filed in the Senate. Senate deputy minority leader Risa Hontiveros, in filing Senate Resolution No....
When the Philippines' leading finance super app and largest cashless ecosystem GCash was founded 20 years ago, it was anchored by a vision since the start: financial inclusion for Filipinos. GCash had its humble beginnings as an SMS-based eMoney Transfer Service, before going on to become the...
The Yuchengco Group’s Rizal Commercial Banking Corporation (RCBC) has teamed up with a Japanese global IT and fintech company Digital Wallet Corporation (DWC) to enhance the facilitation of cross-border digital transactions between the Philippines and Japan. In a statement, RCBC First...
