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It was recently updated on market news that Squidpay applications for eWallet License was revoked.(Source: Philstar global newS)
This was revoked by Banko Sentral ng Pilipinas (BSP) based on the rules of non-bank institutions for Financial companies.
Currently Squidpay is also battling the issues with its shares subscription with PHA. Remember that Marvin Dela Cruz have a fallout with PHA after it attempted to do a backdoor listing.
Stock price of PHA opened at -8% after the news broke out today. It is currently trying to recover its lost ground and is now at 0.35 pesos per share as of the time of this writing.
palaboytrader
Joey is the founder of a Philippine Stock Market Youtube channel and also known as “Palaboy Trader”. He does daily review of Trending stocks and teaches basics of Investing and trading. He has the aim to educate Filipinos to be financially independent He is also is an Overseas Filipino Worker Currently working in a Multinational Company in Malaysia