Payment Brief — 2026-06-28
Top Stories
1. Philippines Tightens Payment Authentication Rules as Banks and E-Wallets Move Beyond OTPs
- The Philippine Star · 2026-06-28
- Summary: The Bangko Sentral ng Pilipinas (BSP) has implemented stronger authentication requirements for higher-risk digital payment transactions, requiring covered banks and e-wallet providers to move away from vulnerable SMS and email OTP methods. The new framework encourages adoption of biometrics, behavioral analytics, adaptive authentication, and passwordless security technologies.
- Why It Matters: Payment providers globally are shifting from customer-driven security checks toward AI-powered risk assessment. The change highlights the growing industry priority of balancing fraud prevention with frictionless checkout experiences.
- URL: https://www.philstar.com/business/2026/06/28/2538213/beyond-otps-new-bsp-rules-reshape-msme-payments/
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