GCash Parent’s Payment Revenue Dips 3.7% as Gambling Curbs Hit Wallets

According to figures cited by Asia Gaming Brief, the segment generated PHP24.9 billion ($396.8 million) in H1 2026. The brokerage linked the weaker result to the removal of direct gambling access from payment applications in August 2025. The dollar equivalent uses the BSP’s October 7 weighted-average rate of PHP62.7580 per USD.

Gambling Restrictions Reach Payment Revenue

The Bangko Sentral ng Pilipinas ordered supervised financial institutions to remove in-app links directing users to gambling platforms on August 14, 2025. The memorandum, signed by BSP Governor Eli Remolona Jr., instructed institutions to “remove links providing in-app gambling access” within 48 hours.

GCash removed the relevant access points on August 16. The measure targeted gambling links within payment apps rather than imposing a blanket prohibition on all payments to licensed operators.

Its financial effects have now appeared in the results of both a major e-wallet provider and a gambling company.

DigiPlus Reports a Much Steeper Decline

DigiPlus, which operates BingoPlus, ArenaPlus and GameZone, recorded PHP32.85 billion ($523.4 million) in H1 2026 revenue, down 31.2% from the previous year. The figures can be calculated from the quarterly results in its September investor presentation. The USD conversion uses the same October 7 exchange rate.

The difference between the two reported declines is substantial: 3.7% for Mynt’s payment solutions business versus 31.2% for DigiPlus overall revenue. That leaves a 27.5-percentage-point gap, based on the two year-on-year rates. These figures cover different businesses and revenue measures. They do not establish how much of either decline was caused exclusively by the e-wallet restrictions.

Still, they show how differently the two sides of the payment relationship performed after the rule took effect. DigiPlus depends heavily on gaming activity, while GCash serves customers across a much wider range of transactions.

DigiPlus has also reported signs of recovery in customer engagement. Its monthly average bettors and depositors reached 4.68 million in Q2 2026, up 26% from the previous quarter. A previous 15M report covered S&P Global Ratings’ assessment of the operator’s margins following the payment changes.

Mynt Grows Overall Despite the Payment Dip

The payment figures look less dramatic against Mynt’s full results. Total revenue was actually up 10.4% in H1 2026, while net income increased 7.3%, according to Reuters.

So the 3.7% decline is confined to one part of the business. It would be misleading to read it as a fall in GCash transactions overall, or to treat the DigiPlus decline as the direct cost of the BSP order.

Mynt has another date approaching. Its shares are expected to begin trading on the Philippine Stock Exchange on October 20, with the company’s broader revenue still growing despite the weaker payment segment.

For affiliates targeting the Philippines, the figures also make deposit conversion worth watching, particularly across different payment methods.