Regulatory restrictions on e-wallet access to online gaming platforms in the Philippines have continued to affect the country's digital payment industry, according to a research report by AP Securities (APS).

The report revealed that Mynt, the parent company of GCash, recorded PHP24.9 billion (approximately USD396.6 million) in payment solutions revenue during the first half of 2026, representing a 3.7% year-on-year decline.

APS attributed part of the decline to restrictions introduced by the Bangko Sentral ng Pilipinas (BSP), which required regulated financial institutions to remove direct links connecting their payment applications and websites to online gaming platforms.

The directive was introduced in August 2025 as part of efforts to strengthen consumer financial protection and regulate access to digital entertainment services.

Following the directive, GCash removed access to gaming-related top-up and withdrawal services from its application on August 16, 2025. Users were subsequently directed to operators' official websites and channels to manage their accounts.

The restrictions also affected platform transaction activity. According to the Philippine Amusement and Gaming Corporation (PAGCOR), online gaming transactions declined by approximately 50% shortly after the measures were implemented.

Meanwhile, DigiPlus reported PHP32.85 billion in revenue for the first half of 2026, a 31.2% year-on-year decrease. The company had previously identified the removal of direct e-wallet connections as one of the factors affecting user activity and transaction flows.

These developments highlight how regulatory changes can influence payment accessibility, platform operations and transaction activity across the Philippines' digital entertainment sector.