Topic Central bank
Bangko Sentral ng Pilipinas
The central bank of the Philippines. Circular No. 1213 bars SMS and email one-time passcodes for high-risk transactions from June 25, 2026.
Also called: BSP, Philippines, Circular 1213
- Jurisdiction
- Philippines
- Relevant rule
- Circular No. 1213
- Official site
- bsp.gov.ph
Questions (3) #
- Is email OTP safer than SMS OTP?Identity
Not meaningfully.
- What is BSP Circular 1213?Regulation
BSP Circular No.
- Which countries are banning SMS OTP for banking?Regulation
Singapore, Malaysia, the UAE and the Philippines have ordered banks off SMS or email codes for some or all transactions since 2022.
Comparisons (1) #
In the regulation tracker #
- Philippines: Circular 1213: no SMS or email OTP for high-risk transactions (In force)