GCash IPO delayed as parent firm assesses market conditions

Tyrone Jasper C. Piad 02/08/2024

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…

Vote-buying via e-wallets will be closely watched, offenders face jail time

10/25/2023

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.…

Privacy body gets bomb threat, manhunt for perpetrator ongoing

Alden Monzon, Dexter Cabalza 05/13/2023

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…

Confidence in e-wallet safety is put to the test

Julie M. Aurelio, Tyrone Jasper Piad 05/11/2023

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…

What is phishing and how to avoid this?

Morexette Marie B. Erram 05/10/2023

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…

GCash foils P37-M hack try; seized funds to be returned to users

Daxim L. Lucas 05/09/2023

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…

GCash explains temporary downtime

Wenilyn Sabalo 05/09/2023

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.…

PhilHealth enhances online payment for employers

PR 12/24/2022

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 public market goes digital: Cashless payments, goods sold online soon

Mary Rose Sagarino 10/06/2022

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…

GSIS intensifies move to shift to digital services

Futch Anthony Inso 09/16/2022

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…

SEC expands online payment options for clients

Wenilyn B. Sabalo 06/09/2022

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,…

Scamming the elderly

Solita Collas-Monsod - @inquirerdotnet 04/09/2022

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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