LYKA platforms in Hong Kong and the US expressed support for their Philippine counterpart.
On Friday, LYKA platforms in Hong Kong and the United States had expressed support for their Philippine counterpart.
The company said in a Facebook post that the Bangko Sentral ng Pilipinas (BSP) had issued an Operator of Payment System (OPS) Provisional Certificate to Digital Spring Marketing and Advertising Inc., LYKA’s marketing arm in the Philippines.
“To date, Digital Spring is continuously communicating with BSP regarding its OPS application. Rest assured that Digital Spring will continue to fulfill its obligations with its partner merchants in parallel to its ongoing compliance with BSP’s requirements,” LYKA said.
Also, LYKA said that Digital Spring operated in conduction with ePlayment Corporation, which was already registered with the Bangko Sentral ng Pilipinas.
According to LYKA, the company was confident that the operations in the Philippines will continue to stay strong with the submission and continuous coordination of Digital Spring with the Bangko Sentral ng Pilipinas and other regulatory bodies.
“From the start, we’ve always known that nothing truly worth it ever came easy. This LYKA mantra inspires us to work with courage and swag. This is but a minor hiccup compared to the dent that we will put on the universe. Relax. We got this,” LYKA said.
LYKA’s letter of support came after it was ordered to halt its operations as an Operator of Payment System (OPS) by the Bangko Sentral ng Pilipinas (BSP), pending registration.
Despite this, BSP Governor Benjamin Diokno said on Friday that operators of LYKA had “already expressed their willingness to register with the BSP as an OPS”.