TechBloomberg Tech1h ago
Casinos Posing as Beauty Salons, Bakeries Spur Philippine Digital
Casinos Posing as Beauty Salons, Bakeries Spur Philippine Digital Payment Review
TL;DRPhilippine banks want payment providers to better screen merchants to stop illegal casinos.
Why it matters: Lax vetting enables financial crime and could trigger stricter regulations on digital payments.
Electronic payment providers need to be more diligent in vetting companies that use their platforms in order to protect people from fraud, the Philippine central bank said.
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