Authorisation recorded as withdrawn

Direct Agent 5

The register also records the commercial name SurgePay.

Bangko Sentral ng Pilipinas lists this firm on the Bangko Sentral ng Pilipinas — Directory of registered Virtual Asset Service Providers under the register’s category Virtual asset service provider (BSP) in Philippines. The register records the authorisation as withdrawn (no date recorded).

Registered name: Direct Agent 5
Commercial name: SurgePay
Register entry: direct-agent-5 on Bangko Sentral ng Pilipinas — Directory of registered Virtual Asset Service Providers
Type of firm: Virtual asset service provider (BSP) VASP
Competent authority: Bangko Sentral ng Pilipinas
Jurisdiction of the register: Philippines
Office type: Not stated in the register
Authorised on: Not stated in the register
Status in the register: Authorisation recorded as withdrawn
Entry last updated: Not stated in the register

What the authorisation covers

This entry carries no permission rows in the copy we hold. That is an absence in the register, not a finding that the firm holds no permissions — 67,615 of the 75,600entries are the same way. The authority’s own register is the place to establish what this firm may do.

Each permission is granted separately. A firm can hold one and not another — authorised to transmit your order and not to hold your assets, or to advise and not to deal. A permission that is not named above is not covered by this authorisation, and a firm doing that thing is doing it outside the licence rather than under it.

What this record does not tell you

It is not an endorsement, by Bangko Sentral ng Pilipinas or by us. The BSP publishes that a provider holds a virtual-asset service licence. That is a record of a permission, not a recommendation, and not a statement that the provider is safe. Many holders also hold a separate electronic-money licence and the two sets of permissions must not be merged. The licence this record is published under forbids any presentation implying that the authority endorses a publication or a firm, and we make no assessment of this firm anywhere on this site.
What this register is. Circular 1108 VASP licence — securities-style crypto offerings fall to a different regulator entirely. A permission under one regime says nothing about any other, so a firm on this page may hold no permission for crypto-assets at all — for that, check the MiCA register, which is a different file with different permissions in it.
An authorisation is a permission, not a verdict on conduct. It records that an authority let this firm carry on a named activity. It is not a statement that the firm is solvent, well run, or that your money is safe with it, and it says nothing about how the firm has behaved since the date shown.
Lending, staking and “earn” products are a different question. They are not among the investment services named above, and a firm offering you a yield product is doing so outside this authorisation.
The entry can be older than it looks. The register states the date its entry was last updated, our copy was read on 2026-10-09, and a register is published on the authority’s own rhythm. A change at the authority can be real and not yet here.
A withdrawn authorisation is a record, not an allegation. The register states that the authorisation ended and, for this entry, the date. It does not state why, and we do not infer it. A withdrawal can follow a merger, a voluntary surrender, a wind-down or a decision of the authority, and this record does not distinguish between them.
The authority’s own register is the authoritative copy. Ours is a copy of a public file, read on the date in the source note below. Check it at the source before you act on it or cite it.

Every firm registered in Philippines · Check a firm before you commit money · How we check what we publish

The BSP publishes that a provider holds a virtual-asset service licence. That is a record of a permission, not a recommendation, and not a statement that the provider is safe. Many holders also hold a separate electronic-money licence and the two sets of permissions must not be merged.

This content has been edited: the BSP's one-page PDF has been parsed and re-presented; officer names and personal contact details are not reproduced (only e-mail domains, as the firm's domains). This data can be freely retrieved from the BSP website; the BSP's own copy is the authoritative one. Bangko Sentral ng Pilipinas does not endorse this publication.

Source: Bangko Sentral ng Pilipinas — Directory of registered Virtual Asset Service Providers, read on 2026-10-09. Licence: BSP Terms of Use: quotation, copying and commercial redistribution permitted with attribution to the BSP, on condition that recipients are told the content can be freely retrieved from the BSP website and that modifications are clearly identified.. The authority’s own copy is the authoritative one; ours is a copy of a public file taken on the date shown. A register is published on the authority’s own rhythm and our copy is taken on the date shown, so a firm can hold a current authorisation and still be absent from this page.