Arden warns Philippine payment rules could harm legal gambling
The Bangko Sentral ng Pilipinas has proposed payment-system rule changes requiring greater visibility of merchants, beneficiaries and payment arrangements. Arden Consult COO Samuel Tarng supports targeting illegal gambling but warned that broad de-risking, errors in a proposed merchant database and transaction limits could push customers towards illegal operators.
Payment firms’ application of the proposed rules could affect access to payment services for legal gambling operators.