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Friday, 27 June 2025
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The Philippines Wants to Block E-Wallets for Purposes of Online Gambling

The Philippines Wants to Block E-Wallets for Purposes of Online Gambling

Philippines If a lawmaker has its own way, you can underline the use of e-wallet for online gambling. According to local media outlets, members of the House of Representatives Jonathan Keith Flores It is said that these accounts have allowed the players to gamble beyond their means.

The legalist argues that e-wallets can add problems to gambling

E-wallets create conditions in which players are at risk of overseas and do not actually think of the results of their actions, the representative Floors said, such as cited specific payment solutions Maya And GCASH,

The legalist did not mean that e-wallets were responsible for themselves, rather explained that these payment options created the conditions that made it difficult for the players to be at the top of their digital and sports betting expenses.

Currently, companies receiving pagkar-licenses do Accept e-wallet payments, and they can legally do soAs is not a specific law that prohibits the use of this payment method. Representative Floors is trying to change it, citing consumer protection concerns.

Representative Floors inspired his decision and said: ,From e-wallet, there is a list of sports. It is convenient for someone with e-wallet to load or top to continue playing online. Therefore, people are motivated to play more gambling,

Gambling advertisements may be next

One of the issues exposed by the legalist is that some can expand some digital wallet credits, Which is then used for gambling and can give land to consumers To start with even more trouble. Representative Floors’ proposal also wants to address gambling advertisements and limits their access to consumers for safety.

Having e-wallet and fintech companies from gambling platforms can promote consumer protection, the main message of representative floors.

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