a day ago
GCash suspends gaming access on GLife
E-wallet GCash on Saturday suspended its gaming access on its GLife feature in compliance with a directive from Bangko Sentral ng Pilipinas (BSP).
GCash suspended the said access at 8 p.m. on Saturday, August 16.
"In compliance with Bangko Sentral ng Pilipinas (BSP) Memorandum No. M-2025-029, gaming access on GLife has now been suspended as of 8 PM, August 16, 2025," it said in an advisory.
GCash, operated by G-Xchange Inc., advised those with funds from their gaming wallet to "coordinate directly with the licensed gaming merchant or by visiting their official website."
G-Xchange Inc. is regulated by the BSP, which issued Memorandum No. M-2025-029 on August 14. The said memorandum ordered the suspension of in-app gambling access in mobile payment apps and websites.
"In view of the surge in online gambling transactions and the heightened public concern on its financial health impact to consumers, the Monetary Board in its Resolution No. 805 dated 14 August 2025, approved the suspension of in-app gambling access from BSIs' [BSP-supeprvised institutions] mobile payment apps and websites pending the issuance and implementation of the corresponding policy that provides standards and expectations for BSls in the provision of on line gambling payment services," the BSP memorandum read.
"Accordingly, all BSls are hereby instructed to remove links providing in-app gambling access in BSIs' mobile payment apps and websites within 48 hours upon issuance of this Memorandum. ln-app gambling access includes any product/service that redirects an account holder to a gaming/gambling site," it read. —KG, GMA Integrated News
