E-wallet delinking and revenue: GCash parent payments down 3.7%, DigiPlus revenue down 31.2% in H1 2026

Source: AGBrief report on an AP Securities (APS) research note, 7 October 2026. These are an analyst's attributions, not regulator findings. Updated 27 October 2026.

The figures

AGBrief reports that APS put:

• Mynt (GCash parent) payment solutions revenue at PHP24.9 billion in H1 2026, down 3.7% year on year.
• DigiPlus revenue at PHP32.85 billion, down 31.2%.

APS linked the declines to BSP restrictions, citing "the full impact of the BSP-mandated delinking of e-wallets from online gaming platforms beginning August 2025". The report recalls that the BSP's August 2025 directive required supervised institutions to remove gambling-site access links within 48 hours, and that GCash removed access to licensed gaming top-up and withdrawal services on 16 August 2025.

Caveats

This is one analyst's attribution; other factors (consumer spending, regulation) may also matter, and PAGCOR's chairman cited weaker spending in the first quarter (PAGCOR H1 revenue).

What it means for players

Payment options changed. See what changed for GCash and Maya, the draft BSP gambling-account proposal (we could not confirm a final circular) and the deposits and withdrawals guide. Beware fake GCash pages (QR scams). 21+ only; gambling can be addictive, know when to stop.