Stock Commentary: Squidpay gets e-wallet license revoked by BSP
There are no “good guys” here; PHA and its leadership obviously failed to do sufficient due diligence on this feral investment group.
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There are no “good guys” here; PHA and its leadership obviously failed to do sufficient due diligence on this feral investment group.
The central bank’s Monetary Board has junked the appeal of Pasig-based Squidpay Technology Inc. (SQPAY) to allow it to continue to operate as a mobile e-wallet. In a statement on Thursday, Feb. 2, the Bangko Sentral ng Pilipinas (BSP) said that based on a Monetary Board decision Resolution No. 87
There were questions looming over SquidPay’s “viability” from the very start.
SquidNoPay, amirite!? What a mess.
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