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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…
CEBU CITY, Philippines — GCash, a micropayment service owned by Mynt, in an advisory issued on Tuesday, May 9, 2023, explained why some of its customers experienced a deduction in the GCash account on Monday, May 8.…
CEBU CITY, Philippines –The Philippine Health Insurance Corp. (PhilHealth) enhances its online payment facility for employers, in partnership with MyEG Philippines Inc. (MyEG PH), with the addition of GCash, Maya (formerly PayMaya), and credit/debit cards as payment…
MANDAUE CITY, Philippines — The Mandaue City Public Market is targeting to implement full digitalizalization before the year ends. A few stalls at the market are now already accepting payments through GCash. The public market wanted to…
LAPU-LAPU CITY, Philippines — The Government Service Insurance System (GSIS) has intensified its campaign to digitalize its services. Jose Arnulfo Veloso, president and general manager of GSIS, said that they were intensifying the campaign to give the…
CEBU CITY, Philippines – The Securities and Exchange Commission (SEC) continues to expand its online payment system, making it easier for the public to pay registration and transaction fees. In a statement on Thursday, June 9, 2022,…
This is a modern-day cautionary tale, except that I don’t only want to warn people, I want the authorities (those who can do something about it) to please get their acts together to effectively catch the criminals.…
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