Philippine banks, E-wallets ditch SMS and E-mail OTPs
Edited By WION Video Desk
Published: Jul 13, 2026, 13:42 IST | Updated: Jul 13, 2026, 13:42 IST
The landscape of digital banking in the Philippines has officially shifted. Starting June 25, 2026, the Bangko Sentral ng Pilipinas (BSP) has mandated that major banks and e-wallet operators move away from traditional SMS- and email-based one-time passwords (OTPs) for high-risk financial transactions.
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