Regulations / Philippines
Philippines: Circular 1213: no SMS or email OTP for high-risk transactions
Answer Bangko Sentral ng Pilipinas: Circular 1213: no SMS or email OTP for high-risk transactions. Timing: From Jun 25, 2026. Status on Telemetry's board: in force (verified 2026-09-24).
RRecord
- Market
- Philippines
- Regulator
- Bangko Sentral ng Pilipinas
- Measure
- Circular 1213: no SMS or email OTP for high-risk transactions
- Timing
- From Jun 25, 2026
- Status
- In force
- Verified
- 2026-09-24
ERegulator and standards
Bangko Sentral ng Pilipinas Central bank
The central bank of the Philippines. Its Circular No. 1213 bars SMS and email one-time passcodes for high-risk transactions from June 25, 2026.
- Jurisdiction
- Philippines
- Relevant rule
- Circular No. 1213
BBriefings
Inside BSP Circular 1213, the Philippines’ OTP rule
Bangko Sentral ng Pilipinas Circular No. 1213 bars banks and other supervised financial institutions from using SMS or email one-time passcodes to authenticate high-risk transactions, starting June 25, 2026.
MOther markets
- UAE Complete
- India In force
- Singapore In force
- Malaysia In force
- European Union Pending
- United States Guidance