Mactan, Cebu — Following the GCash incident, a Bangko Sentral ng Pilipinas (BSP) official stated that the central bank would strengthen its policies if the investigation revealed that the e-wallet platform was at fault for the unauthorized account deductions. On the sidelines of the...
(Unsplash) Deputy Minority Leader Bagong Henerasyon (BH) Party-list Rep. Bernadette Herrera has reiterated her call for a House probe on unauthorized transactions in digital wallets following the recent spate of unauthorized transfers involving...
A resolution seeking an official investigation on the recent spate of unauthorized transactions, scams and other irregulariteis involving GCash and other mobile financial services has been filed in the Senate. Senate deputy minority leader Risa Hontiveros, in filing Senate Resolution No....
The Bangko Sentral ng Pilipinas (BSP) said it is investigating a system error at GCash, the leading e-wallet platform in the country, which resulted in unauthorized deductions from user accounts over the weekend. In a statement late Monday, Nov. 11, the BSP said that it had instructed...
E-wallet operator GCash has fully restored funds that were inadvertently debited from some users due to an error in its system reconciliation process over the weekend. Ernest Cu, president and chief executive officer of GCash’s parent company, Globe Telecom Inc., told reporters during an...
E-wallet platform GCash has assured its customers that their accounts are safe following reports of unauthorized transactions. "We want to reassure our customers that their accounts are safe," the e-wallet platform stated, emphasizing that the incidents are linked to an ongoing system...
