The Bangko Sentral ng Pilipinas said Friday it denied the request of Digital Spring Marketing and Advertising Inc. to be registered as an operator of payment system of the Lyka/Things I Like Company Ltd. Payment System.
It said in a statement It upheld the cease-and-desist order issued against Digital Spring on July 23, 2021, reiterating that Lyka/TIL and not Digital Spring should register as OPS with the BSP.
“The BSP transmitted a letter to Digital Spring on its denial of the firm’s requests for reconsideration today. In view of this, the CDOs against Lyka/TIL and Digital Spring dated 23 July 2021 are affirmed and shall remain effective until Lyka/TIL properly registers as an OPS in accordance with law and regulations,” the BSP said.
“Think of an OPS as a pilot who must personally obtain a flying license to prove that they possess the necessary skills and training to safely operate a passenger aircraft,” BSP Deputy Governor Mert Tangonan said.