Payment Brief — 2026-06-28

Posted on June 28, 2026 at 05:23 PM

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/