DIGIPLUS Interactive Corp. on Wednesday said it was supporting efforts to establish a stronger regulatory framework for the digital entertainment industry and also expressed confidence in a full business recovery following last year’s e-wallet delinking.
In a statement, the company said it was part of a technical working group working with the Senate and Philippine Amusement and Gaming Corp. (Pagcor) to craft legislation aimed at improving consumer protection and transparency in the sector.
The initiative includes tighter controls on payment channels and marketing practices to ensure a more secure and compliant gaming environment.
“As a licensed and leading online gaming operator, we continue to welcome collaboration and active participation in discussions with the Philippine government to achieve our shared goal of raising the standards of the industry,” DigiPlus Chairman Eusebio Tanco said.
He added that strengthening compliance across the industry would help preserve its economic contributions, including job generation and tax revenues.
DigiPlus President Andy Tsui said the firm remained in a recovery phase but expects a full rebound by the third or fourth quarter following steady improvements over the past six months.
“The delinking actually happened in mid-August. We saw a steady recovery over the last six months,” Tsui said, noting that the company focused on re-engaging high-value users and expanding payment options.
The company’s push for stronger regulation comes as it continues to recover from the impact of the Bangko Sentral ng Pilipinas directive last year that required the delinking of online gaming platforms from e-wallet services.
More than 50 percent of users were said to have already migrated to DigiPlus’ proprietary platform, with the number expected to continue rising.
The company has also partnered with offline payment providers such as Bayad Center to offer alternative deposit channels, alongside new payment kiosks and digital options.
DigiPlus' share price was up by 52 centavos to close at P17.84 apiece on Wednesday.
