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Fintech alliance supports BSP's efforts to regulate online gaming

The Freeman

July 12, 2025

FinTech Alliance Philippines, representing the country's largest coalition of digital finance players, has thrown its full support behind the Bangko Sentral ng Pilipinas (BSP)'s enhanced regulatory framework aimed at reinforcing the responsible use of digital financial services, particularly in connection with licensed online gaming platforms.

The move comes amid mounting public scrutiny over the societal impact of online gaming, including concerns related to financial distress, addiction, and unverified access by minors.

The Alliance, whose members include major fintech firms such as GCash, Maya, CIMB, RCBC, Tonik, and GoTyme, reaffirmed its commitment to consumer protection and ethical innovation in the digital finance ecosystem.

"The Alliance recognizes the growing concern from the public and other sectors over the impact of gaming," said Lito Villanueva, Founding Chairman of FinTech Alliance PH.

"We are united in our commitment to be part of the solution by working closely with regulators, elevating safeguards, and protecting the welfare of Filipino consumers," Villanueva stressed.

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