BSP mandates e-wallet platforms to verify identity and permits of all new QR Ph merchants after illegal e-gaming abuse

The Bangko Sentral ng Pilipinas is mandating e-wallet platforms to enforce rigorous identity and permit verification for all new QR Ph merchants, after finding thousands of underground casinos masquerading as sari-sari stores used the payment network to process late-night ₱50 micro-transactions.

Detected & updated continuously · Source: Nebula