PAGCOR Doubles Accredited Payment Providers To Six

The Philippine Amusement and Gaming Corporation (PAGCOR) has doubled the number of accredited payment gateway and channel providers on its official register, increasing the total from three to six as the regulator continues overseeing payment services within the country's gambling industry.

The updated register, dated 29 October 2026, confirms the addition of Payment Innovation Inc., trading as PayCools, MyBusyBee Inc. and Traxion Pay Inc. The three companies join existing accredited providers ARX Inc., AllBank (A Thrift Bank) Inc. and Magic Payment Inc.

The expansion represents a significant increase in the number of payment providers recognised by PAGCOR, although not all six companies are currently recorded as commercially operational. The updated register also indicates a change in AllBank's status, with the company no longer carrying a designation previously identifying it as yet to commence commercial activities.

Three New Payment Providers Added

PAGCOR's latest support service provider register identifies six companies authorised within its payment gateway and channel provider category. The additions increase the number of businesses recognised to provide payment-related services to the regulated gambling sector, although accreditation does not necessarily mean that a provider has begun commercial operations.

Of the six accredited companies, ARX Inc., AllBank and PayCools are no longer identified as awaiting the commencement of commercial operations. Meanwhile, Magic Payment, MyBusyBee and Traxion Pay remain marked as not yet commercially active.

AllBank's status has changed since the regulator's register dated 17 September, when it was marked as not having commenced commercial operations. That designation has been removed from the latest edition, but PAGCOR has not specified when the company began operating or whether its services are already being used by licensed gambling businesses.

The absence of a non-operational designation does not independently establish when a provider began delivering services. However, the latest update indicates that the number of accredited companies without this restriction has increased from one to three.

PayCools Previously Registered With Philippine Central Bank

Among the newly listed providers, Payment Innovation Inc. already held a separate registration with the Bangko Sentral ng Pilipinas (BSP), the Philippines' central bank, before receiving recognition within PAGCOR's payment provider category.

The central bank's records show that Payment Innovation, operating under the PayCools brand, received its operator-of-payment-system registration on 20 July 2023. The registration predates the company's appearance on PAGCOR's accredited support service provider register by more than three years.

The two registrations relate to different regulatory requirements. BSP registration concerns the company's status as an operator of a payment system, while inclusion on PAGCOR's register relates specifically to its recognition within the gambling regulator's payment services framework.

Consequently, PayCools' earlier central bank registration does not establish when it began serving gambling operators or whether it had previously provided payment services to the wider gaming industry.

Updated Register Expands Recognised Payment Network

The changes mean that the number of accredited providers without a non-operational designation has increased from one to three. ARX was previously the only company on the register without that marking, but it has now been joined by AllBank and PayCools.

The updated list provides gambling operators and other industry participants with a clearer picture of the payment service companies recognised by PAGCOR. It also distinguishes between providers that have received accreditation and those still identified as awaiting the commencement of commercial activities.

The regulator has not announced whether further payment providers are awaiting accreditation or provided a timetable for Magic Payment, MyBusyBee and Traxion Pay to begin operations.

For now, the October register confirms an expanded pool of six accredited payment gateway and channel providers, with three no longer carrying a designation indicating that commercial operations have yet to commence.