The Bangko Sentral ng Pilipinas (BSP), as described within Circular No. 1213 (Series of 2025), requires Philippine Banks and Non-Bank Financial Institutions to move away from local SMS‑based OTPs for high‑risk transactions by 30 June 2026, as part of the Anti‑Financial Account Scamming Act (AFASA). The guidelines on the adoption of multi-factor authentication (MFA) are outlined in Appendix 79/Q-66. Descriptive customer notification for account activities and financial transactions can still be sent.
The Circular No. 1213 (Series of 2025) does not affect customers outside of the category of "Bank and Non-Bank Financial Instituitions."
Telesign has proactively reached out to PH network providers to ensure platform continuity and regulatory alignment. At present, there is no impact to existing SMS OTP authentication services. On the adoption of alternative MFA mechanisms beyond SMS, customers should consult the Bangko Sentral ng Pilipinas (BSP) or their own compliance advisors. Telesign will continue to monitor the regulatory environment and provide updates where available. For other questions and support, please reach out to your account manager or our Support team.