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Just days after users reported unauthorized deductions from their accounts, popular e-wallet platform GCash faced another issue. On Friday afternoon, the Ayala-backed company announced that its bank transfer feature via BancNet was experiencing problems, though the cause…
MANILA, Philippines — The unauthorized deduction on balances of some GCash users in early November was triggered by an internal glitch and not by hackers. This was according to Sen. Sherwin Gatchalian who was speaking on behalf…
Ayala Corp. is selling half of its stake in popular e-wallet GCash to Japan’s Mitsubishi Corp. for at least P18.4 billion. As a result, Mitsubishi will own 50 percent of AC Ventures Holdings Corp ., which in…
LAPU-LAPU CITY, Cebu – The Lapu-Lapu City government launched on Monday its “Digital Payment System” for the collection of environmental fees and traffic fines. Under the city’s digital system, violators will now be able to use G-cash…
The anticipated initial public offering (IPO) of GCash looks promising as its valuation doubled to $5 billion with new funds from Ayala Corp. and Japan’s largest bank MUFG Bank Ltd. Globe Telecom, parent firm of GCash operator…
The popular e-wallet Gcash assures on Monday that it has not found any indication of hacking yet and that accounts of Gcash users have remained safe. The Ayala-led company said this as the investigation of the alleged…
MANILA, Philippines —Investors are waiting for GCash to join the local exchange. However, its parent company said that they are still reviewing the market before deciding to launch an initial public offering (IPO). The company had initially planned…
MANILA, Philippines — Vote-buying through e-wallets and other digital payment platforms will be closely monitored by the Department of the Interior and Local Government (DILG) and the Commission on Elections (Comelec) with offenders facing possible jail time.…
The National Privacy Commission (NPC) on Friday received an online bomb threat, about an hour after it ended a meeting with GCash representatives over the temporary disappearance of money from the accounts of the e-wallet firm’s users. The bomb…
The unauthorized deductions in GCash users’ account balances have raised concerns on whether or not the use of e-wallets is safe for Filipinos who have gotten used to transacting via these financial platforms, especially during the pandemic…
CEBU CITY, Philippines – As the use of financial tech (fintech) services in the country widens, so does the risk of cyber attacks. Filipinos around the world were shocked to learn when a systemwide maintenance and downtime…
MANILA – GCash, the popular digital payments app of Globe Telecom Inc., foiled attempts by suspected hackers to siphon off millions of pesos from its clients after the company detected a pattern of relatively small withdrawals from…
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