In a bold move to curtail the growing concerns over online gambling, the Bangko Sentral ng Pilipinas (BSP) has issued a directive with significant implications. This latest development targets the heart of digital transactions, involving major payment platforms. According to Trendrod, this move is set to ripple across the nation’s financial landscape, revealing both challenges and opportunities.

Shutting Down the Gamble - The BSP Directive

Last Thursday heralded a new era in digital finance regulations as BSP issued Memorandum No. M-2025-029. The directive emphatically urged all BSP-Supervised Institutions to immediately eliminate in-app gambling links, a sector experiencing a surge unseen before. The urgency of this directive was underscored by an unforgiving 48-hour compliance deadline.

A Temporary Halt or a Permanent Solution?

The BSP clarified that this suspension would be maintained until comprehensive policies regarding online gambling are drafted. This step aims at addressing the increasingly evident financial harm online gambling has wrought on many users and their families—a concern reflected across various sectors.

Industry’s Compliance: A Swift Maneuver

Payment apps, such as GCash and Maya, were quick to align with the new guidelines. GCash, notably, acted promptly, adjusting user access and facilitating a brief opportunity for users to withdraw gaming funds. Maya followed suit, showcasing their commitment to the directive.

Industry Impact: The Economic Viewpoint

While the BSP’s actions seek to safeguard citizens’ financial health, they arrive amid reports of electronic games generating significant revenue. According to a recent report from PAGCOR, electronic gaming has soared, with profits reaching PHP114.83 billion in H1 of 2025—a striking 53% increase from the previous year.

Responsible Gaming: PAGCOR’s Measures

Acknowledging the industry’s responsibility, PAGCOR has undertaken several initiatives. From partnerships aimed at curbing persuasive gambling advertisements to restricting their visibility during family hours, there’s a concerted effort to foster a responsible gaming environment without stifling the sector’s growth.

A Broader Perspective: Presidential Review

The directive aligns with President Ferdinand Marcos Jr.’s call for a comprehensive industry review. It’s a critical juncture for a sector contributing significantly to the economy but fraught with societal impacts.

Looking Forward

With the temporary halt in place, all eyes are on the BSP as it charts the course for future regulations. The move invites stakeholders to innovate responsibly, balancing industry growth with the imperative of protecting consumers.

This unfolding narrative underscores the complexities in modern financial ecosystems, raising pertinent questions about governance, technology, and the paths we choose to tread.