The Credit Card Association of the Philippines, an organization of 17 major credit card companies, said Monday it expects the new law mandating the registration of subscriber identity module or SIM cards to help curb credit card fraud and expedite digitalization in the country.
CCAP chairman Rolando Ebreo said during CCAP’s 42nd anniversary Republic Act No. 11934 or the SIM Registration Act is “a major step in removing the impediments towards digitalization, of pinpointing where the problem really lies.”
“We fully supported the ideals of the SIM Registration Act and that despite its disapproval in December 2021, we have continued to follow through on the interim measures we can implement through the telecommunications companies and through the National Telecommunications Commission,” Ebreo said.
“With the SIM registration law, we are set, as a nation, to combat that malice and to once again add a layer of protection for our Filipino consumers. It will help mitigate, if not prevent, scam messages that contain links used to lure the victims into giving out their information. It is a realization of our desire to institutionalize measures that protect our customers,” Ebreo said.
President Ferdinand Marcos Jr. signed into law RA 11934 on Oct. 10, 2022.
He said this would provide law enforcement agencies the tools needed to resolve crimes perpetrated with the use of SIM cards.
CCAP has been pushing players in the telecommunications…
