MANILA — The Bangko Sentral ng Pilipinas (BSP) is set to roll out new regulations aimed at shielding financial consumers from the dangers of online gambling, including addiction, fraud, and excessive financial losses.

The proposed rules — now being finalized following public consultations — will mandate banks, e-wallets, and other financial service providers to implement stronger safeguards against gambling-related harm.

Among the key measures under review are:

• Biometric identity verification, such as facial recognition, to ensure only eligible users can access gambling services;
• Daily limits on gambling-related fund transfers;
• Time-based restrictions on gambling payments to curb impulsive transactions; and
• User tools to allow personal spending caps, voluntary breaks, or self-exclusion from gambling transactions.

“These safeguards aim to reduce the risks of addiction, fraud, and financial harm while promoting the responsible use of digital financial services,” the BSP said.

The central bank emphasized its commitment to maintaining a safe, secure, and inclusive digital finance ecosystem for all Filipinos.