BSP Welcomes LYKA’s Plan to Register as OPS
The BSP has expressed a positive response to LYKA’s plan to register as an operator of payment system (OPS) in the Philippines.
Fintech | News | Regulation
BSP Reminds Lyka to Register, Says It Is Closely Watching All Payment Operators
By Shiela Bertillo The Banko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno urged social media and e-commerce platform Lyka to secure a payment operator license from the central bank “to keep things in order” in an interview with ANC News. Lyka is a platform launched in the Philippines by a Hong Kong-based company that allows…
LYKA to Comply With BSP Requirements After Being Ordered to Cease Operating
LYKA, creator of the popular “Lyka Gems” has released a letter of support vowing to fulfill its obligations to the Bangko Sentral ng Pilipinas (BSP) and its partner merchants.
BSP Orders Lyka to Stop Operating, Invites Registration
The BSP ordered Lyka, creator of Lyka Gems, to cease operating its payment systems until it registers and receives the required licenses from the BSP.