Philippine Central Bank Orders E-Wallets, Payment Apps to Remove Online Gambling Links

The Philippine central bank has issued an order directing mobile wallets, payment apps, and other institutions to remove any links or connections to online gambling platforms. This move is part of the country's efforts to curb the rapidly growing online gambling industry, which has raised social concerns. The central bank cited the need to maintain financial stability and protect consumers from the potential risks associated with online gambling. The order aims to limit the accessibility and promotion of online gambling activities through these digital payment channels. The decision comes as the Philippine government looks to address the social implications of the booming online gambling industry, which has been linked to issues such as addiction, financial problems, and other societal impacts. By removing the direct links between payment platforms and gambling services, the central bank aims to make it more difficult for individuals to engage in online gambling activities.