Philippines to Remove Online Gambling Links From E-Wallets (1)

The Philippine central bank ordered mobile wallets, payment applications and other institutions to remove links to online gambling platforms as the nation seeks to curb the booming industry that’s raised social concerns.

The financial firms have 48 hours from Thursday to take down icons that redirect users to Internet betting, Bangko Sentral ng Pilipinas Deputy Governor Mamerto Tangonan said at a Senate hearing.

Shares of top Philippine online gaming firm DigiPlus Interactive Corp. fell nearly 20% at the close on Thursday, the biggest slump in two weeks even after it reported a 30% jump in second-quarter profit.

Senators are tackling ...