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E-wallet GCash on Saturday suspended its gaming entry on its GLife characteristic in compliance with a directive from Bangko Sentral ng Pilipinas (BSP).
GCash suspended the stated entry at 8 p.m. on Saturday, August 16.
“In compliance with Bangko Sentral ng Pilipinas (BSP) Memorandum No. M-2025-029, gaming access on GLife has now been suspended as of 8 PM, August 16, 2025,” it stated in an advisory.
GCash, operated by G-Xchange Inc., suggested these with funds from their gaming pockets to “coordinate directly with the licensed gaming merchant or by visiting their official website.”
G-Xchange Inc. is regulated by the BSP, which issued Memorandum No. M-2025-029 on August 14. The stated memorandum ordered the suspension of in-app playing entry in cell cost apps and web sites.
“In view of the surge in online gambling transactions and the heightened public concern on its financial health impact to consumers, the Monetary Board in its Resolution No. 805 dated 14 August 2025, approved the suspension of in-app gambling access from BSIs’ [BSP-supervised institutions] mobile payment apps and websites pending the issuance and implementation of the corresponding policy that provides standards and expectations for BSls in the provision of on line gambling payment services,” the BSP memorandum learn.
“Accordingly, all BSls are hereby instructed to remove links providing in-app gambling access in BSIs’ mobile payment apps and websites within 48 hours upon issuance of this Memorandum. ln-app gambling access includes any product/service that redirects an account holder to a gaming/gambling site,” it learn. —KG, GMA Integrated News
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This web page was created programmatically, to learn the article in its unique location you…
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This web page was created programmatically, to learn the article in its unique location you'll…
This web page was created programmatically, to learn the article in its unique location you…
This web page was created programmatically, to learn the article in its authentic location you…