MODEL PORTFOLIO
THE GIST
NEWS AND FEATURES
Global Philippines Fine Living
INSIGHTS
INVESTMENT STRATEGY
Economy Stocks Bonds Currencies
THE BASICS
Investment Tips Explainers Retirement
WEBINARS
2024 Mid-Year Economi Briefing, economic growth in the Philippines
2024 Mid-Year Economic Briefing: Navigating the Easing Cycle
June 21, 2024
Investing with Love
Investing with Love: A Mother’s Guide to Putting Money to Work
May 15, 2024
retirement-ss-3
Investor Series: An Introduction to Estate Planning
September 1, 2023
View All Webinars
DOWNLOADS
A container ship in a port
Economic Updates
Philippines Trade Update: Imports weaken on tepid demand
DOWNLOAD
Frick collection with palm trees 
Economic Updates
Policy Rate Updates: BSP outlook — cloudy with a chance of rate cut
DOWNLOAD
Façade of the Bangko Sentral ng Pilipinas along Roxas Boulevard
Economic Updates
January Economic Update: Growth slows, prices rise 
DOWNLOAD
View all Reports
Metrobank.com.ph How To Sign Up
Follow us on our platforms.

How may we help you?

TOP SEARCHES
  • Where to put my investments
  • Reports about the pandemic and economy
  • Metrobank
  • Webinars
  • Economy
TRENDING ARTICLES
  • Investing for Beginners: Following your PATH
  • On government debt thresholds: How much is too much?
  • Philippines Stock Market Outlook for 2022
  • Deficit spending remains unabated

Login

Access Exclusive Content
Login to Wealth Manager
Visit us at metrobank.com.ph How To Sign Up
Access Exclusive Content Login to Wealth Manager
Search
MODEL PORTFOLIO THE GIST
NEWS AND FEATURES
Global Philippines Fine Living
INSIGHTS
INVESTMENT STRATEGY
Economy Stocks Bonds Currencies
THE BASICS
Investment Tips Explainers Retirement
WEBINARS
2024 Mid-Year Economi Briefing, economic growth in the Philippines
2024 Mid-Year Economic Briefing: Navigating the Easing Cycle
June 21, 2024
Investing with Love
Investing with Love: A Mother’s Guide to Putting Money to Work
May 15, 2024
retirement-ss-3
Investor Series: An Introduction to Estate Planning
September 1, 2023
View All Webinars
DOWNLOADS
A container ship in a port
Economic Updates
Philippines Trade Update: Imports weaken on tepid demand
February 27, 2026 DOWNLOAD
Frick collection with palm trees 
Economic Updates
Policy Rate Updates: BSP outlook — cloudy with a chance of rate cut
February 19, 2026 DOWNLOAD
Façade of the Bangko Sentral ng Pilipinas along Roxas Boulevard
Economic Updates
January Economic Update: Growth slows, prices rise 
February 6, 2026 DOWNLOAD
View all Reports
Economy 2 MIN READ

Philippines makes cellphone SIM registration compulsory to fight scams, fraud

October 10, 2022By Reuters
Related Articles
BRIEF-Robinsons Land Posts Qtrly Operating Income From Domestic Operations Up By 12% To 2.29 Billion Pesos May 11, 2022 EMERGING MARKETS-Thai baht, Malaysian ringgit lead gains among Asian currencies May 5, 2022 Philippines' Universal Robina acquiring Malaysia's Munchy Food for $453 mln November 26, 2021

MANILA, Oct 10 (Reuters) – Philippines President Ferdinand Marcos Jr on Monday signed into law a measure making cellphone SIM registration compulsory, in a key step towards fighting text scams, bank fraud and misinformation.

The law will require users to furnish full names and identity documents before buying a SIM card, with the aim of preventing criminals from concealing their identities.

“We will finally achieve what has long been overdue, an effective means of regulating the issuance of SIM cards to curb the spread of spam text messages and scams,” Marcos said in a speech.

The Philippines has one of Asia’s highest smartphone penetration rates, at 61% of its population of 110 million. People have relied heavily on mobile devices for shopping, food delivery orders and banking during the pandemic.

Marcos’ predecessor, Rodrigo Duterte, vetoed the legislation because of a now-deleted provision requiring social media users to register their identities and phone numbers.

Under the new law, existing pre-paid users are compelled to register.

The country’s telecoms providers, which have blocked more than 1 billion spam and suspicious text messages this year, welcomed the new measure.

PLDT (TEL) said preparations are underway to comply with the new registration requirements, while Globe Telecom and DITO Telecommunity called for a wider rollout of the national identification system to help verify users.

Thousands of Filipinos have lost small amounts of money to phishing via short messaging services this year, but only a few have filed formal complaints, the information and communications ministry said.

(Reporting by Neil Jerome Morales; Editing by Kanupriya Kapoor)

This article originally appeared on reuters.com

Read More Articles About:
Worldwide News Philippine News Rates & Bonds Equities Economy Investment Tips Fine Living

You are leaving Metrobank Wealth Insights

Please be aware that the external site policies may differ from our website Terms And Conditions and Privacy Policy. The next site will be opened in a new browser window or tab.

Cancel Proceed
Get in Touch

For inquiries, please call our Metrobank Contact Center at (02) 88-700-700 (domestic toll-free 1-800-1888-5775) or send an e-mail to customercare@metrobank.com.ph

Metrobank is regulated by the Bangko Sentral ng Pilipinas
Website: https://www.bsp.gov.ph

Quick Links
The Gist Webinars Wealth Manager Explainers
Markets
Currencies Rates & Bonds Equities Economy
Wealth
Investment Tips Fine Living Retirement
Portfolio Picks
Bonds Stocks
Others
Contact Us Privacy Statement Terms of Use
© 2025 Metrobank. All rights reserved.

Access this content:

If you are an existing investor, log in first to your Metrobank Wealth Manager account. ​

If you wish to start your wealth journey with us, click the “How To Sign Up” button. ​

Login HOW TO SIGN UP