PAGCOR says online gambling transactions halved after e-wallet links barred
PAGCOR chairman Al Tengco said online gambling transactions in the Philippines fell by half after the central bank barred e-wallets from linking to licensed gaming platforms. The report also reports that GCash and Maya removed gambling links within the 48-hour deadline set by the BSP. Tengco said only 40% of online gambling platforms are legally authorised and overseen by PAGCOR.
The reported decline and player migration findings bear on payment access and the impact of restrictions on licensed operators.