Mobile wallet GCash supports a proposed law criminalizing the loan and sale of mobile wallet accounts.
“Given the increasing incidents of online fraud, GCash supports measures to criminalize the lending and selling of e-wallet accounts to prevent scammers from using this modus,” according to Ingrid Rose Ann Beroña, GCash Chief Risk Officer.
Scammers use e-wallet accounts not registered under their names, using SIM cards from people who sell or lend their identities in the black market.
As a full digital platform, GCash monitors and traces transactions on its platform via eKYC (electronic- Know Your Customer) process aligned with the requirements of the Bangko Sentral ng Pilipinas.
The eKYC makes it easy to identify account holders because their live photo is taken, together with their valid ID.
GCash calls on users to be extra vigilant when making transactions via #GCheckMuna to avoid being victimized by scammers.
Its #GCheckList to avoid fraud online includes learning how to spot fake websites, emails, texts, or calls.
Check if the email address and the send are the same and it comes from the email domains @gcash.com or @mynt.xyz.
Make sure the websites, www.gcash.com or www.help.gcash.com, are spelled correctly and without additional punctuations.
It’s also important never to click any link inside emails or texts.
Fake emails, messages, or even calls usually instill a sense of urgency among users – pressuring them to take action so that their…
