#GROCERY STORE ACCEPT LYKA GEMS REGISTRATION#
The Company Registration and Monitoring Department of the SEC received the registration payment amounting to P1,014,591.00 on March 8, 2022. After several follow-up calls, SEC finally accepted the payment for the incorporation of LYKA PHILIPPINES INC. LYKA Philippines reiterated that they have submitted all the requirements and had attended several hearings with SEC regarding its application. In a statement, the company pointed out that before it can apply for an Operator of Payment System (OPS) registration, it needs to establish a wholly-owned local company with SEC and for the said entity to register as an OPS with Bangko Sentral ng Pilipinas (BSP). Many Filipinos that are using LYKA as an alternative social media app are eagerly waiting for LYKA GEM’s big comeback.LYKA Philippines recently urged the Securities and Exchange Commission (SEC) to hasten the approval of its business registration so it can resume operations in the country. That classmate of mine made me believe in the app that's why I signed up too! This is the reason why I want LYKA to operate full-time here in the Philippines. For free! At first, I thought that normal Filipinos (read: not celebrities) will not be able to earn enough gems to buy something from the app because they are not famous or influential enough. Just like my high school classmate, Marco, he was able to purchase rubber shoes, milk tea, and even grocery items thru the app. Just imagine the number of jobs LYKA PHILIPPINES would create if only Bangko Sentral ng Pilipinas would allow them to operate full-time here in the country. This can help us Pinoys especially right now during this pandemic.
#GROCERY STORE ACCEPT LYKA GEMS FULL#
The effort of LYKA Philippines to secure BSP registration as OPS is a clear indication that they mean business! BSP did not stop LYKA’s operations as a social media app and I hope BSP will allow them to operate full time as soon as possible so a lot of Filipinos can benefit and experience LYKA's reward system.
(TIL) over an application to register as an operator of payment system in the country.īSP, Bring LYKA GEMs payment back, please! On October 12, in a Manila Times article, LYKA said “Instead of challenging the BSP's decision before a judicial forum, LYKA has determined that the fastest resolution to the matter is to simply commence the registration of its own Philippine entity as an OPS, including setting up its own Philippine operations and equipping it with the best talent possible," they emphasized.īSP Governor Benjamin Diokno told Manila Standard on November 23 that The Bangko Sentral ng Pilipinas is in discussions with the Hong Kong-based LYKA /Things I Like Co. In an interview with Rappler, the BSP said, “The operators of LYKA have already expressed their willingness to register with the BSP as an OPS.” On July 23, 2021, Bangko Sentral ng Pilipinas orders Digital Spring Marketing and Advertising Inc., the marketing arm of the LYKA app in the Philippines, to halt its payment services and invited LYKA’s mother company to register as an operator of payment system (OPS).
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