ARTA denied LYKA’s appeal for an automatic SEC registration ARTA – The Anti-Red Tape Authority turned down the request of social media app LYKA for the automatic approval of its application for company registration with the Securities and Exchange Commission (SEC). ARTA said in a notice of denial that the anti-red tape body denied the … Read more
LYKA promoted cashless and paperless gift-giving LYKA — The social media app sought to push the promotion of a cashless and paperless form of gift-giving to Filipinos. According to LYKA Global CEO Ryan Baird, the social media app was currently promoting its Giftcard in Electronic Mode (GEMs) and also pointed out that GEMs will be … Read more
BSP welcomed LYKA’s plan to apply as a payment system operator. LYKA — The social media platform‘s plan to register as a payment system operator got a positive response from the Bangko Sentral ng Pilipinas (BSP). In a statement released over the weekend, the Bangko Sentral ng Pilipinas said that the BSP welcomed the reported … Read more
LYKA was set to “immediately” open its own office in the Philippines. LYKA – The social media platform has decided to “immediately” open its own office in the Philippines as the Bangko Sentral ng Pilipinas (BSP) upheld its cease and desist order against the company. LYKA’s decision, which will allow the company to “move closer” … Read more
LYKA shared a message to LYKA users in the Philippines. Social media app LYKA recently released a statement as the company shared a message to all LYKA users in the Philippines. In a statement, LYKA said that all additional requirements requested by the regulatory body have been submitted and they will “make an announcement once … Read more
BSP encouraged LYKA to get a license to “keep things in order”, according to Diokno. On Monday, Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno said that it encouraged LYKA to get a payment operator license in order to “keep things in order”. Earlier, the central bank ordered LYKA to suspend its operation in the … Read more
Partner merchants reportedly filed encashment requests to LYKA. Partner merchants reportedly filed encashment requests to LYKA after the Bangko Sentral ng Pilipinas (BSP) ordered LYKA to halt its operations. Social media app LYKA was reportedly flooded with encashment requests from partner merchants spooked by the BSP’s decision to halt its operations as an Operator of … Read more
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 … Read more
The BSP ordered LYKA to halt its operation as an Operator of Payment System. On Friday, the Bangko Sentral ng Pilipinas (BSP) had issued an order to social media platform LYKA to halt its operation as an Operator of Payment System (OPS). In a statement, the BSP had issued an order to LYKA to suspend its … Read more
LYKA claimed that the app glitch had been fixed and resolved. Social media platform LYKA claimed that the app glitch had been fixed and resolved” and the company was coordinating with the National Privacy Commission (NPC). In an emailed statement obtained by GMA News Online, LYKA assured the public that the app glitch had been … Read more
