Ayala-led Globe Telecom Inc. saw its net income expand in the first quarter of the year as its equity stake in Mynt, the holding company of popular e-wallet GCash, continued to pay off even after the dilution of its share. In a regulatory filing published on its website, Globe reported that its net...
Benhur Abalos (Ellson Quismorio/ MANILA BULLETIN) Senatorial aspirant Benjamin “Benhur” Abalos, Jr. has committed to help officers and members of tricycle operators and drivers’ association (TODA) in Metro Manila who have been complaining of...
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....
When the Philippines' leading finance super app and largest cashless ecosystem GCash was founded 20 years ago, it was anchored by a vision since the start: financial inclusion for Filipinos. GCash had its humble beginnings as an SMS-based eMoney Transfer Service, before going on to become the...
The Yuchengco Group’s Rizal Commercial Banking Corporation (RCBC) has teamed up with a Japanese global IT and fintech company Digital Wallet Corporation (DWC) to enhance the facilitation of cross-border digital transactions between the Philippines and Japan. In a statement, RCBC First...
The Department of Social Welfare and Development (DSWD) announced on Friday, March 1 that beneficiaries of the Pantawid Pamilyang Pilipino Program (4Ps) are now being transferred to electronic wallets (e-wallets), which can be used for cash transfers, bills payment, and food purchases. “The wave...
ACT-CIS Party-list Rep. Erwin Tulfo House members led by ACT-CIS Party-list Rep. Erwin Tulfo want e-wallet applications investigated over reports that these facilitate gambling. Tulfo's call is embodied in House Resolution (HR) No.1464, which urges the House of...
An attached agency of the Department of Information and Communications Technology (DICT) has vowed to investigate the unauthorized fund transfers involving hundreds of GCash accounts earlier this week. (Cybercrime Investigation and Coordinating Center) DICT’s Cybercrime Investigation and...
National Privacy Commissioner and Chairman John Henry D. Naga ordered an in-depth investigation into the GCash glitch that caused unauthorized transactions in some customer accounts of the country’s leading e-wallet platform. In a statement Saturday, May 13, the National Privacy Commission (NPC)...
Senator Jinggoy Ejercito Estrada has filed a bill seeking to impose a jail term and fine amounting to as much as P5-million against cyber criminals who target users of digital financial services or electronic wallets. In filing Senate Bill No. 2171 or the proposed Bank Accounts, Electronic...
Senator Ramon ‘’Bong’’ Revilla Jr. on Tuesday, May 9, urged the Bangko Sentral ng Pilipinas (BSP) to enforce measures demanding greater transparency and reliability from e-wallet service providers immediately following reports of a "massive and widespread fund loss’’ on GCash accounts...
My Ninong, My Ninang , May Papremyo Promo ng Palawan Godparents play an essential role in the lives of their godchildren. It entails commitment and responsibility because they are considered second parents to their inaanaks. During Christmas and other special occasions, children seek out their...
