Negosyante News

November 5, 2024 5:31 pm

GCash Blocks Over 900k Suspected Fraud Accounts

IMG SOURCE: eCompareMo

Popular e-Wallet service GCash, in cooperation with the National Bureau of Investigation (NBI) and the Philippine National Police (PNP), has now blocked over 900,000 suspected fraud accounts from using GCash’s e-Wallet services. Apart from working with the NBI and PNP, GCash is also ensuring strict compliance with the assistance of the Bangko Sentral ng Pilipinas (BSP) and the Anti-Money Laundering Council.

With the recent trend of online and cashless payments in the pandemic and the rise of online scams and phishing activities, the BSP has said that they are working with various authorities, e-money issuers, and banks to help combat online scams.

GCash’s #GCheckMuna campaign has now been created to educate and help its users to protect their e-Wallet accounts with the following tips:

  • Never share MPIN or one-time password (OTP)
  • Only transact GCash-related activity inside the app
  • Be careful of who you transact with
  • Only go to official GCash channels such as the GCash Help Center (help.gcash.com)
  • Report suspected fraudulent or scamming activities to its new beta chatbot, Gigi

GCash president and CEO Martha Sazon states, “GCash has been providing invaluable service to Filipinos, especially during the pandemic. It is crucial that we work together to protect the platform against fraud.” Sazon also adds, “As we continue to bolster our security system, we are also counting on the support of our customers and ask that they be vigilant against online scams.”

Source: ABS CBN News

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