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Regulatory · Philippines · Sun 20 Sept · 1 min read

Philippines closes 8,000 merchant accounts; gray market squeezed

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What happened

Signal covered the BSP's merchant account sweep as a breaking development yesterday, and today's cluster confirms the 8,000-account figure is the published headline number. The story has not moved materially beyond what was briefed on September 18, so this is confirmation rather than a new development.…

Sources: Google News

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