Lyka platforms in US, Hongkong back counterpart in Philippines

Lyka platforms in the United States and Hong Kong on Friday expressed support for their Philippine counterpart after it was ordered to halt its operations as an Operator of Payment System (OPS), pending registration.

In a Facebook post, Lyka said the Bangko Sentral ng Pilipinas (BSP) has issued an OPS Provisional Certificate to Digital Spring Marketing and Advertising Inc., the marketing arm of Lyka 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,” it said.

Lyka also added that Digita Spring operates in conduction with ePlayment Corporation, which is already registered with the BSP.

“We are confident that the operations in the Philippines will continue to stay strong with the submission and continuous coordination of Digital Spring with BSP and other regulatory bodies,” it said.

Despite this, BSP Governor Benjamin Diokno earlier said that operators of Lyka had "already expressed their willingness to register with the BSP as an OPS.” —NB, GMA News