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Bangko Sentral ng Pilipinas orders Lyka to halt payment system operations in the country

The Bangko Sentral ng Pilipinas (BSP) has ordered social media platform Lyka to halt its payment operations in the country. Governor Benjamin Diokno, said in a briefing on Friday, July 24, that Lyka must register as a payment system operator and cited RA No. 11127 or the National Payment Systems Act. Known for its payment […]

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