Casinos Posing as Salons Spur Philippine Digital Payment Review

Casino, not bakery: Philippine e-payment firms urged to improve merchant vetting

Electronic payment providers need to be more diligent in vetting companies that use their platforms to protect people from fraud, the Philippine central bank said. The requirement came after Bangko Sentral ng Pilipinas found thousands of illegal businesses on the payment platforms, including many online casinos masquerading as more ordinary companies like beauty salons and bakeries. “We want to protect consumers from online fraud, illegal activi…

Casinos Posing as Salons Spur Philippine Digital Payment Review

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.

Casinos posing as beauty salons spur Philippine digital payment review

Mom and pop stores were also among the enterprises used by over 8,000 merchants for allegedly illegal activities. Read more at straitstimes.com.